Can I retire at age 47 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$118,088$117,036$116,010$115,008$114,030$110,380
2 years$58,459$57,371$56,316$55,292$54,300$50,656
3 years$38,586$37,492$36,440$35,426$34,450$30,927
4 years$28,651$27,561$26,519$25,523$24,570$21,195
5 years$22,692$21,608$20,580$19,604$18,678$15,459
6 years$18,720$17,645$16,631$15,677$14,779$11,720
7 years$15,884$14,818$13,821$12,889$12,019$9,119
8 years$13,758$12,702$11,721$10,812$9,971$7,228
9 years$12,106$11,059$10,095$9,210$8,397$5,808
10 years$10,785$9,748$8,801$7,939$7,155$4,716
11 years$9,704$8,678$7,749$6,909$6,153$3,860
12 years$8,805$7,789$6,877$6,060$5,332$3,180
13 years$8,044$7,039$6,144$5,350$4,650$2,633
14 years$7,393$6,398$5,520$4,749$4,076$2,189
15 years$6,828$5,845$4,984$4,236$3,589$1,826
16 years$6,335$5,363$4,519$3,793$3,172$1,527
17 years$5,901$4,939$4,112$3,408$2,812$1,280
18 years$5,515$4,564$3,754$3,071$2,501$1,075
19 years$5,170$4,230$3,436$2,775$2,229$905
20 years$4,860$3,930$3,154$2,513$1,991$762
21 years$4,580$3,661$2,901$2,281$1,782$642
22 years$4,326$3,417$2,674$2,074$1,597$542
23 years$4,094$3,196$2,469$1,889$1,434$458
24 years$3,882$2,995$2,283$1,723$1,289$387
25 years$3,687$2,810$2,114$1,573$1,159$327
26 years$3,507$2,641$1,961$1,438$1,044$277
27 years$3,341$2,486$1,821$1,317$942$234
28 years$3,187$2,342$1,693$1,206$850$198
29 years$3,044$2,210$1,575$1,106$767$168
30 years$2,911$2,087$1,467$1,015$693$142
31 years$2,786$1,973$1,368$932$627$121
32 years$2,670$1,867$1,276$857$567$102
33 years$2,561$1,768$1,192$788$513$87
34 years$2,458$1,675$1,114$725$465$73
35 years$2,362$1,589$1,041$667$421$62
36 years$2,271$1,508$974$615$381$53
37 years$2,185$1,432$912$566$346$45
38 years$2,104$1,361$854$522$313$38
39 years$2,028$1,295$800$481$284$32
40 years$1,955$1,232$750$444$258$27
41 years$1,886$1,172$703$410$234$23
42 years$1,821$1,117$659$378$212$20
43 years$1,758$1,064$619$349$192$17
44 years$1,699$1,014$581$322$175$14
45 years$1,643$967$545$298$159$12
46 years$1,589$922$512$275$144$10
47 years$1,537$880$481$254$131$9
48 years$1,488$840$452$235$119$7
49 years$1,441$803$425$217$108$6
50 years$1,396$767$400$200$98$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,430,000, adding $4,821 every year, while hoping to spend $41,331 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: 80/12/8 Blend
46$1,430,000$1,430,000$1,430,000$1,430,000
47$1,580,833$1,505,043$1,482,878$1,705,273
48$1,698,102$1,534,814$1,488,578$1,817,290
49$1,825,947$1,564,659$1,493,085$1,934,252
50$1,965,404$1,594,537$1,496,313$2,061,354
51$2,117,611$1,624,406$1,498,176$2,199,587
52$2,283,823$1,654,217$1,498,580$2,350,043
53$2,465,421$1,683,922$1,497,430$2,513,925
54$2,663,924$1,713,464$1,494,624$2,692,558
55$2,881,006$1,742,785$1,490,056$2,887,400
56$3,118,509$1,771,822$1,483,613$3,100,061
57$3,378,462$1,800,506$1,475,179$3,332,309
58$3,663,098$1,828,765$1,464,631$3,586,095
59$3,974,879$1,856,519$1,451,841$3,863,567
60$4,316,513$1,883,685$1,436,674$4,167,093
61$4,690,984$1,910,172$1,418,990$4,499,280
62$5,101,578$1,935,884$1,398,639$4,863,001
63$5,551,914$1,960,717$1,375,469$5,261,420
64$6,045,979$1,984,562$1,349,316$5,698,025
65$6,588,162$2,007,299$1,320,012$6,176,659
66$7,183,302$2,028,804$1,287,380$6,701,555
67$7,836,725$2,048,941$1,251,233$7,277,377
68$8,554,300$2,067,569$1,211,378$7,909,266
69$9,342,492$2,084,533$1,167,613$8,602,885
70$10,208,423$2,099,671$1,119,724$9,364,475
71$11,159,937$2,112,811$1,067,491$10,200,913
72$12,205,680$2,123,767$1,010,680$11,119,776
73$13,355,172$2,132,345$949,051$12,129,416
74$14,618,904$2,138,335$882,349$13,239,033
75$16,008,435$2,141,515$810,310$14,458,767
76$17,536,497$2,141,652$732,658$15,799,792
77$19,217,121$2,138,493$649,103$17,274,421
78$21,065,763$2,131,775$559,343$18,896,224
79$23,099,454$2,121,216$463,065$20,680,154
80$25,336,959$2,106,516$359,938$22,642,687
81$27,798,952$2,087,358$249,619$24,801,985
82$30,508,213$2,063,407$131,749$27,178,057
83$33,489,843$2,034,306$5,955$29,792,956
84$36,771,498$1,999,678$0$32,670,985
85$40,383,650$1,959,121$0$35,849,877
86$44,359,878$1,912,214$0$39,349,447
87$48,737,180$1,858,507$0$43,201,749
88$53,556,324$1,797,525$0$47,442,665
89$58,862,230$1,728,765$0$52,111,732
90$64,704,398$1,651,695$0$57,252,523
91$71,137,372$1,565,753$0$62,913,052
92$78,221,252$1,470,344$0$69,146,230
93$86,022,266$1,364,837$0$76,010,364
94$94,613,391$1,248,567$0$83,569,705
95$104,075,041$1,120,831$0$91,895,059
96$114,495,828$980,885$0$101,064,454
97$125,973,398$827,944$0$111,163,873
98$138,615,348$661,176$0$122,288,070
99$152,540,246$479,706$0$134,541,466
100$167,878,746$282,607$0$148,039,127