Can I retire at age 47 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$118,914$117,855$116,821$115,813$114,828$111,465
2 years$58,868$57,772$56,709$55,679$54,680$51,319
3 years$38,856$37,755$36,695$35,674$34,691$31,438
4 years$28,851$27,754$26,704$25,701$24,742$21,621
5 years$22,850$21,759$20,724$19,741$18,808$15,828
6 years$18,851$17,768$16,748$15,787$14,883$12,046
7 years$15,995$14,922$13,917$12,979$12,103$9,410
8 years$13,855$12,791$11,803$10,888$10,041$7,490
9 years$12,191$11,136$10,166$9,274$8,456$6,044
10 years$10,860$9,816$8,863$7,994$7,205$4,929
11 years$9,772$8,739$7,803$6,958$6,196$4,053
12 years$8,866$7,843$6,925$6,103$5,370$3,354
13 years$8,100$7,088$6,187$5,388$4,683$2,790
14 years$7,444$6,443$5,559$4,783$4,105$2,331
15 years$6,876$5,886$5,019$4,265$3,614$1,954
16 years$6,380$5,400$4,550$3,819$3,194$1,643
17 years$5,942$4,973$4,141$3,431$2,832$1,384
18 years$5,554$4,596$3,780$3,092$2,518$1,169
19 years$5,206$4,259$3,460$2,794$2,245$988
20 years$4,894$3,958$3,176$2,531$2,005$837
21 years$4,612$3,687$2,921$2,297$1,794$710
22 years$4,356$3,441$2,692$2,088$1,608$602
23 years$4,123$3,218$2,486$1,902$1,444$511
24 years$3,909$3,016$2,299$1,735$1,298$435
25 years$3,713$2,830$2,129$1,584$1,168$370
26 years$3,532$2,660$1,975$1,448$1,052$314
27 years$3,364$2,503$1,834$1,326$948$268
28 years$3,209$2,359$1,705$1,215$856$228
29 years$3,065$2,225$1,586$1,114$773$194
30 years$2,931$2,101$1,478$1,022$698$165
31 years$2,806$1,986$1,378$939$631$141
32 years$2,689$1,880$1,285$863$571$120
33 years$2,579$1,780$1,200$794$517$102
34 years$2,476$1,687$1,121$730$468$87
35 years$2,379$1,600$1,048$672$424$74
36 years$2,287$1,519$981$619$384$63
37 years$2,201$1,442$918$570$348$54
38 years$2,119$1,371$860$526$315$46
39 years$2,042$1,304$805$485$286$39
40 years$1,969$1,240$755$447$259$34
41 years$1,899$1,181$708$412$235$29
42 years$1,833$1,124$664$381$214$24
43 years$1,771$1,071$623$351$194$21
44 years$1,711$1,021$585$324$176$18
45 years$1,654$974$549$300$160$15
46 years$1,600$929$516$277$145$13
47 years$1,548$886$485$256$132$11
48 years$1,499$846$455$236$120$9
49 years$1,451$808$428$218$109$8
50 years$1,406$772$402$202$99$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,440,000, adding $2,478 every year, while hoping to spend $28,581 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: 32/50/18 Blend
46$1,440,000$1,440,000$1,440,000$1,440,000
47$1,589,436$1,513,116$1,490,796$1,631,299
48$1,721,149$1,556,849$1,510,328$1,706,400
49$1,865,338$1,601,766$1,529,556$1,784,444
50$2,023,246$1,647,897$1,548,440$1,867,900
51$2,196,242$1,695,269$1,566,938$1,957,257
52$2,385,833$1,743,911$1,585,004$2,053,054
53$2,593,677$1,793,851$1,602,590$2,155,882
54$2,821,602$1,845,120$1,619,647$2,266,392
55$3,071,622$1,897,748$1,636,122$2,385,300
56$3,345,954$1,951,764$1,651,959$2,513,393
57$3,647,040$2,007,199$1,667,098$2,651,538
58$3,977,571$2,064,085$1,681,479$2,800,688
59$4,340,509$2,122,451$1,695,034$2,961,892
60$4,739,120$2,182,330$1,707,697$3,136,305
61$5,176,999$2,243,753$1,719,394$3,325,199
62$5,658,108$2,306,752$1,730,049$3,529,974
63$6,186,812$2,371,360$1,739,582$3,752,169
64$6,767,918$2,437,608$1,747,910$3,993,483
65$7,406,724$2,505,529$1,754,943$4,255,784
66$8,109,065$2,575,155$1,760,588$4,541,129
67$8,881,371$2,646,518$1,764,749$4,851,785
68$9,730,725$2,719,652$1,767,322$5,190,247
69$10,664,932$2,794,588$1,768,200$5,559,266
70$11,692,590$2,871,358$1,767,271$5,961,868
71$12,823,175$2,949,995$1,764,415$6,401,391
72$14,067,124$3,030,531$1,759,508$6,881,509
73$15,435,940$3,112,996$1,752,421$7,406,270
74$16,942,295$3,197,422$1,743,016$7,980,135
75$18,600,153$3,283,839$1,731,151$8,608,016
76$20,424,899$3,372,278$1,716,675$9,295,327
77$22,433,487$3,462,768$1,699,432$10,048,034
78$24,644,596$3,555,336$1,679,256$10,872,707
79$27,078,809$3,650,012$1,655,975$11,776,588
80$29,758,806$3,746,822$1,629,409$12,767,655
81$32,709,579$3,845,791$1,599,369$13,854,700
82$35,958,665$3,946,943$1,565,657$15,047,409
83$39,536,409$4,050,303$1,528,066$16,356,457
84$43,476,245$4,155,891$1,486,379$17,793,606
85$47,815,020$4,263,727$1,440,370$19,371,817
86$52,593,331$4,373,829$1,389,802$21,105,373
87$57,855,918$4,486,213$1,334,427$23,010,012
88$63,652,077$4,600,894$1,273,986$25,103,079
89$70,036,133$4,717,881$1,208,209$27,403,685
90$77,067,946$4,837,185$1,136,811$29,932,892
91$84,813,480$4,958,810$1,059,498$32,713,909
92$93,345,423$5,082,760$975,959$35,772,315
93$102,743,875$5,209,035$885,873$39,136,294
94$113,097,102$5,337,629$788,901$42,836,908
95$124,502,368$5,468,534$684,691$46,908,387
96$137,066,856$5,601,739$572,875$51,388,453
97$150,908,678$5,737,227$453,068$56,318,676
98$166,157,986$5,874,974$324,870$61,744,869
99$182,958,208$6,014,955$187,860$67,717,517
100$201,467,394$6,157,137$41,602$74,292,256