Can I retire at age 47 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$116,436$115,399$114,387$113,400$112,435$109,186
2 years$57,642$56,568$55,528$54,519$53,541$50,293
3 years$38,046$36,968$35,930$34,931$33,968$30,824
4 years$28,250$27,175$26,148$25,166$24,227$21,210
5 years$22,374$21,306$20,292$19,330$18,417$15,535
6 years$18,458$17,398$16,399$15,458$14,572$11,829
7 years$15,662$14,611$13,628$12,709$11,851$9,246
8 years$13,566$12,524$11,557$10,661$9,832$7,364
9 years$11,937$10,904$9,954$9,081$8,280$5,946
10 years$10,634$9,612$8,678$7,828$7,055$4,852
11 years$9,569$8,557$7,640$6,813$6,067$3,992
12 years$8,681$7,680$6,781$5,976$5,258$3,306
13 years$7,931$6,941$6,058$5,276$4,585$2,752
14 years$7,289$6,309$5,443$4,683$4,019$2,301
15 years$6,733$5,763$4,914$4,176$3,539$1,930
16 years$6,247$5,288$4,456$3,740$3,128$1,624
17 years$5,818$4,870$4,054$3,360$2,773$1,369
18 years$5,438$4,500$3,701$3,028$2,466$1,157
19 years$5,098$4,170$3,388$2,736$2,198$979
20 years$4,792$3,875$3,110$2,478$1,963$830
21 years$4,516$3,610$2,860$2,249$1,757$704
22 years$4,265$3,370$2,636$2,045$1,575$598
23 years$4,037$3,151$2,434$1,862$1,414$508
24 years$3,827$2,953$2,251$1,698$1,270$432
25 years$3,635$2,771$2,085$1,551$1,143$368
26 years$3,458$2,604$1,934$1,418$1,030$313
27 years$3,294$2,451$1,796$1,298$928$267
28 years$3,143$2,309$1,669$1,189$838$227
29 years$3,002$2,179$1,553$1,091$756$194
30 years$2,870$2,058$1,447$1,001$684$165
31 years$2,747$1,945$1,349$919$618$141
32 years$2,633$1,840$1,259$845$559$120
33 years$2,525$1,743$1,175$777$506$103
34 years$2,424$1,652$1,098$715$458$88
35 years$2,329$1,567$1,026$658$415$75
36 years$2,239$1,487$960$606$376$64
37 years$2,155$1,412$899$558$341$54
38 years$2,075$1,342$842$515$309$46
39 years$1,999$1,276$789$475$280$40
40 years$1,928$1,214$739$438$254$34
41 years$1,860$1,156$693$404$230$29
42 years$1,795$1,101$650$373$209$25
43 years$1,734$1,049$610$344$190$21
44 years$1,675$1,000$573$318$172$18
45 years$1,620$953$538$293$156$15
46 years$1,566$910$505$271$142$13
47 years$1,516$868$474$250$129$11
48 years$1,467$829$446$231$117$10
49 years$1,421$791$419$214$106$8
50 years$1,377$756$394$198$97$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,410,000, adding $6,025 every year, while hoping to spend $42,051 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: 71/19/10 Blend
46$1,410,000$1,410,000$1,410,000$1,410,000
47$1,560,035$1,485,305$1,463,450$1,667,357
48$1,674,416$1,513,343$1,467,733$1,767,218
49$1,799,056$1,541,345$1,470,751$1,870,751
50$1,934,954$1,569,266$1,472,416$1,982,942
51$2,083,215$1,597,056$1,472,638$2,104,633
52$2,245,051$1,624,660$1,471,320$2,236,754
53$2,421,800$1,652,021$1,468,362$2,380,329
54$2,614,930$1,679,077$1,463,659$2,536,485
55$2,826,063$1,705,762$1,457,101$2,706,465
56$3,056,980$1,732,003$1,448,573$2,891,636
57$3,309,644$1,757,723$1,437,952$3,093,508
58$3,586,217$1,782,841$1,425,113$3,313,742
59$3,889,079$1,807,267$1,409,921$3,554,169
60$4,220,849$1,830,908$1,392,239$3,816,806
61$4,584,416$1,853,663$1,371,919$4,103,877
62$4,982,958$1,875,423$1,348,809$4,417,832
63$5,419,974$1,896,074$1,322,749$4,761,371
64$5,899,323$1,915,493$1,293,572$5,137,468
65$6,425,250$1,933,548$1,261,103$5,549,404
66$7,002,433$1,950,100$1,225,158$6,000,791
67$7,636,027$1,965,000$1,185,546$6,495,613
68$8,331,706$1,978,090$1,142,067$7,038,257
69$9,095,724$1,989,200$1,094,510$7,633,563
70$9,934,969$1,998,152$1,042,657$8,286,860
71$10,857,028$2,004,754$986,278$9,004,023
72$11,870,261$2,008,803$925,134$9,791,530
73$12,983,877$2,010,083$858,976$10,656,515
74$14,208,021$2,008,367$787,541$11,606,846
75$15,553,872$2,003,409$710,556$12,651,190
76$17,033,743$1,994,952$627,736$13,799,103
77$18,661,203$1,982,723$538,783$15,061,115
78$20,451,199$1,966,430$443,385$16,448,832
79$22,420,201$1,945,764$341,218$17,975,045
80$24,586,355$1,920,400$231,943$19,653,852
81$26,969,655$1,889,991$115,204$21,500,791
82$29,592,129$1,854,170$0$23,532,987
83$32,478,050$1,812,549$0$25,770,314
84$35,654,162$1,764,714$0$28,245,758
85$39,149,932$1,710,232$0$30,969,981
86$42,997,832$1,648,639$0$33,968,298
87$47,233,637$1,579,449$0$37,268,602
88$51,896,770$1,502,144$0$40,901,637
89$57,030,670$1,416,178$0$44,901,280
90$62,683,201$1,320,974$0$49,304,866
91$68,907,106$1,215,920$0$54,153,541
92$75,760,500$1,100,369$0$59,492,646
93$83,307,425$973,641$0$65,372,151
94$91,618,445$835,012$0$71,847,125
95$100,771,319$683,721$0$78,978,256
96$110,851,733$518,962$0$86,832,425
97$121,954,103$339,884$0$95,483,335
98$134,182,473$145,590$0$105,012,214
99$147,651,492$0$0$115,508,576
100$162,487,496$0$0$127,084,631