Can I retire at age 47 with 1,360,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$112,308$111,307$110,331$109,379$108,448$104,684
2 years$55,598$54,562$53,559$52,586$51,642$47,888
3 years$36,697$35,657$34,656$33,692$32,764$29,139
4 years$27,248$26,212$25,221$24,273$23,367$19,899
5 years$21,581$20,550$19,572$18,644$17,764$14,460
6 years$17,804$16,781$15,817$14,910$14,056$10,921
7 years$15,107$14,093$13,144$12,258$11,431$8,464
8 years$13,085$12,080$11,147$10,283$9,483$6,681
9 years$11,513$10,518$9,601$8,759$7,986$5,345
10 years$10,257$9,271$8,371$7,550$6,805$4,321
11 years$9,229$8,253$7,369$6,571$5,852$3,521
12 years$8,374$7,408$6,540$5,764$5,071$2,887
13 years$7,650$6,694$5,843$5,088$4,422$2,379
14 years$7,031$6,085$5,250$4,517$3,877$1,968
15 years$6,494$5,559$4,740$4,028$3,413$1,633
16 years$6,025$5,100$4,298$3,607$3,017$1,359
17 years$5,612$4,697$3,911$3,241$2,675$1,134
18 years$5,245$4,340$3,570$2,921$2,378$947
19 years$4,917$4,022$3,268$2,639$2,120$793
20 years$4,622$3,738$2,999$2,390$1,893$664
21 years$4,356$3,482$2,759$2,169$1,694$557
22 years$4,114$3,250$2,543$1,972$1,519$468
23 years$3,893$3,040$2,348$1,796$1,363$393
24 years$3,692$2,848$2,171$1,638$1,225$330
25 years$3,506$2,673$2,011$1,496$1,103$278
26 years$3,335$2,512$1,865$1,368$993$234
27 years$3,178$2,364$1,732$1,252$896$197
28 years$3,031$2,228$1,610$1,147$808$165
29 years$2,895$2,101$1,498$1,052$730$139
30 years$2,768$1,985$1,396$966$659$117
31 years$2,650$1,876$1,301$887$596$99
32 years$2,539$1,775$1,214$815$539$83
33 years$2,436$1,681$1,133$749$488$70
34 years$2,338$1,593$1,059$690$442$59
35 years$2,246$1,511$990$635$400$50
36 years$2,160$1,434$926$585$363$42
37 years$2,078$1,362$867$539$329$35
38 years$2,001$1,295$812$496$298$30
39 years$1,928$1,231$761$458$270$25
40 years$1,859$1,171$713$422$245$21
41 years$1,794$1,115$668$390$222$18
42 years$1,731$1,062$627$360$202$15
43 years$1,672$1,012$588$332$183$13
44 years$1,616$964$552$306$166$11
45 years$1,562$920$519$283$151$9
46 years$1,511$877$487$261$137$8
47 years$1,462$837$458$242$124$6
48 years$1,415$799$430$223$113$5
49 years$1,371$763$404$206$103$5
50 years$1,328$729$380$191$93$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,360,000, adding $5,627 every year, while hoping to spend $53,346 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 34/41/25 Blend
46$1,360,000$1,360,000$1,360,000$1,360,000
47$1,504,524$1,432,444$1,411,364$1,544,090
48$1,601,226$1,445,874$1,401,885$1,587,600
49$1,706,003$1,458,174$1,390,301$1,629,268
50$1,819,624$1,469,233$1,376,484$1,673,142
51$1,942,931$1,478,931$1,360,302$1,719,453
52$2,076,854$1,487,142$1,341,615$1,768,458
53$2,222,412$1,493,732$1,320,279$1,820,445
54$2,380,730$1,498,556$1,296,140$1,875,733
55$2,553,042$1,501,463$1,269,038$1,934,679
56$2,740,709$1,502,292$1,238,808$1,997,680
57$2,945,226$1,500,869$1,205,273$2,065,177
58$3,168,241$1,497,013$1,168,251$2,137,661
59$3,411,565$1,490,530$1,127,551$2,215,679
60$3,677,193$1,481,215$1,082,972$2,299,839
61$3,967,321$1,468,849$1,034,306$2,390,816
62$4,284,367$1,453,201$981,334$2,489,359
63$4,630,991$1,434,026$923,828$2,596,301
64$5,010,123$1,411,065$861,548$2,712,567
65$5,424,991$1,384,042$794,244$2,839,184
66$5,879,146$1,352,666$721,657$2,977,288
67$6,376,500$1,316,628$643,514$3,128,144
68$6,921,361$1,275,601$559,530$3,293,152
69$7,518,473$1,229,239$469,408$3,473,862
70$8,173,062$1,177,176$372,837$3,671,997
71$8,890,881$1,119,024$269,494$3,889,461
72$9,678,269$1,054,375$159,040$4,128,366
73$10,542,207$982,794$41,122$4,391,051
74$11,490,384$903,823$0$4,680,104
75$12,531,271$816,978$0$5,020,990
76$13,674,198$721,747$0$5,407,457
77$14,929,442$617,589$0$5,832,143
78$16,308,326$503,932$0$6,299,042
79$17,823,323$380,172$0$6,812,569
80$19,488,174$245,672$0$7,377,595
81$21,318,016$99,758$0$7,999,502
82$23,329,526$0$0$8,684,232
83$25,541,078$0$0$9,464,640
84$27,972,914$0$0$10,372,490
85$30,647,338$0$0$11,371,128
86$33,588,919$0$0$12,469,758
87$36,824,732$0$0$13,678,519
88$40,384,605$0$0$15,008,585
89$44,301,403$0$0$16,472,265
90$48,611,337$0$0$18,083,124
91$53,354,308$0$0$19,856,107
92$58,574,276$0$0$21,807,682
93$64,319,684$0$0$23,955,995
94$70,643,904$0$0$26,321,040
95$77,605,748$0$0$28,924,847
96$85,270,019$0$0$31,791,694
97$93,708,124$0$0$34,948,328
98$102,998,743$0$0$38,424,227
99$113,228,575$0$0$42,251,870
100$124,493,155$0$0$46,467,045