Can I retire at age 47 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$122,217$121,128$120,066$119,030$118,017$115,587
2 years$60,503$59,377$58,285$57,226$56,199$53,761
3 years$39,935$38,803$37,714$36,665$35,655$33,286
4 years$29,653$28,525$27,446$26,415$25,429$23,148
5 years$23,485$22,364$21,299$20,289$19,331$17,143
6 years$19,375$18,262$17,213$16,226$15,296$13,204
7 years$16,440$15,336$14,304$13,340$12,440$10,444
8 years$14,239$13,146$12,131$11,191$10,320$8,421
9 years$12,529$11,446$10,448$9,532$8,691$6,886
10 years$11,162$10,089$9,109$8,217$7,405$5,693
11 years$10,044$8,982$8,020$7,151$6,369$4,747
12 years$9,112$8,061$7,117$6,272$5,519$3,986
13 years$8,325$7,285$6,359$5,537$4,813$3,365
14 years$7,651$6,622$5,713$4,916$4,219$2,854
15 years$7,067$6,049$5,158$4,384$3,714$2,429
16 years$6,557$5,550$4,677$3,925$3,283$2,075
17 years$6,107$5,111$4,256$3,527$2,911$1,776
18 years$5,708$4,723$3,885$3,178$2,588$1,524
19 years$5,351$4,377$3,556$2,872$2,307$1,310
20 years$5,030$4,068$3,264$2,601$2,061$1,128
21 years$4,740$3,789$3,002$2,361$1,844$973
22 years$4,477$3,537$2,767$2,146$1,653$840
23 years$4,237$3,308$2,555$1,955$1,484$726
24 years$4,017$3,099$2,363$1,783$1,334$628
25 years$3,816$2,909$2,188$1,628$1,200$543
26 years$3,630$2,734$2,030$1,489$1,081$470
27 years$3,458$2,573$1,885$1,363$975$408
28 years$3,299$2,424$1,752$1,248$879$353
29 years$3,151$2,287$1,630$1,145$794$306
30 years$3,013$2,160$1,519$1,051$717$266
31 years$2,884$2,042$1,416$965$649$231
32 years$2,763$1,932$1,321$887$587$200
33 years$2,650$1,829$1,233$816$531$174
34 years$2,544$1,734$1,152$750$481$151
35 years$2,445$1,645$1,077$691$435$131
36 years$2,351$1,561$1,008$636$395$114
37 years$2,262$1,483$943$586$358$99
38 years$2,178$1,409$883$540$324$86
39 years$2,099$1,340$828$498$294$75
40 years$2,023$1,275$776$459$267$65
41 years$1,952$1,213$727$424$242$56
42 years$1,884$1,156$682$391$220$49
43 years$1,820$1,101$640$361$199$43
44 years$1,758$1,050$601$333$181$37
45 years$1,700$1,001$564$308$164$32
46 years$1,644$955$530$284$149$28
47 years$1,591$911$498$263$135$24
48 years$1,540$870$468$243$123$21
49 years$1,492$831$440$224$112$18
50 years$1,445$793$414$207$101$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,480,000, adding $5,020 every year, while hoping to spend $38,501 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: 76/10/14 Blend
46$1,480,000$1,480,000$1,480,000$1,480,000
47$1,636,138$1,557,698$1,534,758$1,755,314
48$1,762,059$1,593,061$1,545,208$1,870,017
49$1,899,534$1,628,865$1,554,717$1,990,399
50$2,049,701$1,665,094$1,563,214$2,121,312
51$2,213,811$1,701,724$1,570,622$2,263,792
52$2,393,244$1,738,733$1,576,863$2,418,979
53$2,589,519$1,776,095$1,581,852$2,588,131
54$2,804,307$1,813,780$1,585,501$2,772,633
55$3,039,449$1,851,758$1,587,718$2,974,009
56$3,296,972$1,889,994$1,588,405$3,193,940
57$3,579,109$1,928,449$1,587,463$3,434,277
58$3,888,318$1,967,083$1,584,782$3,697,059
59$4,227,306$2,005,850$1,580,253$3,984,533
60$4,599,057$2,044,702$1,573,756$4,299,175
61$5,006,853$2,083,585$1,565,170$4,643,713
62$5,454,314$2,122,443$1,554,365$5,021,151
63$5,945,424$2,161,212$1,541,206$5,434,802
64$6,484,572$2,199,827$1,525,552$5,888,314
65$7,076,594$2,238,214$1,507,253$6,385,708
66$7,726,816$2,276,296$1,486,155$6,931,415
67$8,441,106$2,313,988$1,462,096$7,530,315
68$9,225,926$2,351,202$1,434,904$8,187,791
69$10,088,400$2,387,839$1,404,402$8,909,768
70$11,036,370$2,423,797$1,370,403$9,702,780
71$12,078,480$2,458,964$1,332,712$10,574,027
72$13,224,253$2,493,220$1,291,125$11,531,439
73$14,484,177$2,526,439$1,245,429$12,583,761
74$15,869,812$2,558,483$1,195,400$13,740,625
75$17,393,892$2,589,208$1,140,805$15,012,648
76$19,070,447$2,618,457$1,081,399$16,411,528
77$20,914,935$2,646,064$1,016,929$17,950,160
78$22,944,389$2,671,852$947,127$19,642,750
79$25,177,576$2,695,631$871,714$21,504,956
80$27,635,172$2,717,201$790,400$23,554,034
81$30,339,962$2,736,346$702,881$25,808,998
82$33,317,050$2,752,839$608,839$28,290,805
83$36,594,097$2,766,436$507,943$31,022,547
84$40,201,582$2,776,878$399,846$34,029,675
85$44,173,089$2,783,891$284,187$37,340,236
86$48,545,624$2,787,182$160,588$40,985,138
87$53,359,965$2,786,441$28,655$44,998,443
88$58,661,044$2,781,339$0$49,417,689
89$64,498,371$2,771,525$0$54,300,996
90$70,926,503$2,756,628$0$59,682,858
91$78,005,557$2,736,254$0$65,609,297
92$85,801,779$2,709,985$0$72,135,750
93$94,388,164$2,677,378$0$79,323,308
94$103,845,150$2,637,963$0$87,239,289
95$114,261,375$2,591,243$0$95,957,875
96$125,734,511$2,536,690$0$105,560,815
97$138,372,190$2,473,746$0$116,138,191
98$152,293,013$2,401,819$0$127,789,274
99$167,627,677$2,320,285$0$140,623,458
100$184,520,200$2,228,479$0$154,761,293