Can I retire at age 47 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$119,740$118,673$117,632$116,617$115,625$115,138
2 years$59,277$58,173$57,103$56,066$55,060$54,568
3 years$39,125$38,017$36,950$35,922$34,932$34,451
4 years$29,052$27,946$26,890$25,880$24,914$24,447
5 years$23,009$21,910$20,868$19,878$18,939$18,488
6 years$18,982$17,891$16,864$15,897$14,986$14,551
7 years$16,106$15,025$14,014$13,070$12,188$11,769
8 years$13,951$12,879$11,885$10,964$10,111$9,709
9 years$12,275$11,214$10,237$9,339$8,515$8,129
10 years$10,935$9,884$8,925$8,050$7,255$6,885
11 years$9,840$8,799$7,857$7,006$6,239$5,886
12 years$8,928$7,898$6,973$6,145$5,407$5,069
13 years$8,156$7,137$6,230$5,425$4,715$4,393
14 years$7,496$6,488$5,598$4,816$4,133$3,826
15 years$6,924$5,927$5,054$4,295$3,639$3,347
16 years$6,424$5,438$4,582$3,846$3,216$2,938
17 years$5,983$5,008$4,169$3,455$2,852$2,587
18 years$5,592$4,627$3,806$3,114$2,536$2,285
19 years$5,242$4,289$3,484$2,814$2,260$2,022
20 years$4,928$3,985$3,198$2,548$2,019$1,793
21 years$4,644$3,712$2,941$2,313$1,807$1,593
22 years$4,386$3,465$2,711$2,103$1,619$1,418
23 years$4,151$3,241$2,503$1,915$1,454$1,263
24 years$3,936$3,036$2,315$1,747$1,307$1,127
25 years$3,738$2,850$2,144$1,595$1,176$1,006
26 years$3,556$2,678$1,989$1,459$1,059$900
27 years$3,388$2,520$1,846$1,335$955$805
28 years$3,232$2,375$1,717$1,223$862$720
29 years$3,087$2,241$1,597$1,122$778$645
30 years$2,952$2,116$1,488$1,029$703$579
31 years$2,825$2,000$1,387$945$635$519
32 years$2,707$1,893$1,294$869$575$466
33 years$2,597$1,792$1,208$799$520$418
34 years$2,493$1,699$1,129$735$471$375
35 years$2,395$1,611$1,056$677$427$337
36 years$2,303$1,529$988$623$387$303
37 years$2,216$1,453$924$574$350$272
38 years$2,134$1,380$866$529$318$245
39 years$2,056$1,313$811$488$288$220
40 years$1,982$1,249$760$450$261$198
41 years$1,912$1,189$713$415$237$178
42 years$1,846$1,132$669$383$215$160
43 years$1,783$1,079$627$354$195$144
44 years$1,723$1,028$589$327$177$130
45 years$1,666$981$553$302$161$117
46 years$1,611$935$519$279$146$105
47 years$1,559$893$488$257$133$95
48 years$1,509$852$458$238$120$85
49 years$1,461$814$431$220$109$77
50 years$1,416$777$405$203$99$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,450,000, adding $2,753 every year, while hoping to spend $52,256 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: 42/41/17 Blend
46$1,450,000$1,450,000$1,450,000$1,450,000
47$1,600,740$1,523,890$1,501,415$1,659,892
48$1,708,415$1,542,960$1,496,112$1,721,010
49$1,825,322$1,561,214$1,488,881$1,781,819
50$1,952,347$1,578,556$1,479,600$1,846,563
51$2,090,465$1,594,883$1,468,145$1,915,628
52$2,240,749$1,610,089$1,454,385$1,989,439
53$2,404,379$1,624,057$1,438,180$2,068,470
54$2,582,654$1,636,664$1,419,388$2,153,244
55$2,777,004$1,647,780$1,397,856$2,244,339
56$2,989,001$1,657,264$1,373,427$2,342,396
57$3,220,377$1,664,968$1,345,935$2,448,124
58$3,473,039$1,670,734$1,315,207$2,562,306
59$3,749,083$1,674,395$1,281,061$2,685,809
60$4,050,821$1,675,772$1,243,308$2,819,594
61$4,380,795$1,674,675$1,201,749$2,964,720
62$4,741,805$1,670,903$1,156,176$3,122,360
63$5,136,935$1,664,242$1,106,374$3,293,813
64$5,569,579$1,654,467$1,052,114$3,480,512
65$6,043,475$1,641,336$993,159$3,684,042
66$6,562,742$1,624,594$929,263$3,906,156
67$7,131,914$1,603,970$860,165$4,148,792
68$7,755,984$1,579,180$785,595$4,414,089
69$8,440,452$1,549,917$705,270$4,704,414
70$9,191,377$1,515,862$618,896$5,022,380
71$10,015,431$1,476,673$526,162$5,370,875
72$10,919,965$1,431,989$426,748$5,753,090
73$11,913,074$1,381,430$320,317$6,172,549
74$13,003,677$1,324,589$206,517$6,633,144
75$14,201,599$1,261,041$84,983$7,139,176
76$15,517,663$1,190,333$0$7,695,390
77$16,963,792$1,111,987$0$8,315,142
78$18,553,120$1,025,496$0$9,013,087
79$20,300,120$930,326$0$9,780,262
80$22,220,733$825,913$0$10,623,800
81$24,332,523$711,658$0$11,551,575
82$26,654,842$586,931$0$12,572,272
83$29,209,010$451,065$0$13,695,470
84$32,018,517$303,355$0$14,931,739
85$35,109,245$143,059$0$16,292,737
86$38,509,710$0$0$17,791,325
87$42,251,331$0$0$19,455,496
88$46,368,727$0$0$21,358,038
89$50,900,042$0$0$23,452,059
90$55,887,304$0$0$25,757,008
91$61,376,824$0$0$28,294,316
92$67,419,629$0$0$31,087,598
93$74,071,945$0$0$34,162,874
94$81,395,725$0$0$37,548,814
95$89,459,237$0$0$41,277,012
96$98,337,704$0$0$45,382,280
97$108,114,013$0$0$49,902,978
98$118,879,501$0$0$54,881,376
99$130,734,811$0$0$60,364,052
100$143,790,845$0$0$66,402,332