Can I retire at age 47 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$123,869$122,765$121,689$120,638$119,612$118,314
2 years$61,321$60,179$59,072$57,999$56,958$55,651
3 years$40,475$39,328$38,224$37,161$36,137$34,861
4 years$30,053$28,910$27,817$26,772$25,773$24,539
5 years$23,802$22,666$21,587$20,564$19,592$18,403
6 years$19,636$18,508$17,446$16,445$15,503$14,360
7 years$16,662$15,543$14,497$13,520$12,608$11,512
8 years$14,432$13,323$12,295$11,342$10,459$9,411
9 years$12,698$11,600$10,590$9,661$8,808$7,806
10 years$11,312$10,225$9,232$8,328$7,505$6,549
11 years$10,179$9,103$8,128$7,247$6,455$5,544
12 years$9,236$8,170$7,213$6,357$5,593$4,727
13 years$8,438$7,384$6,445$5,612$4,878$4,054
14 years$7,754$6,711$5,791$4,982$4,276$3,494
15 years$7,163$6,131$5,228$4,443$3,765$3,024
16 years$6,646$5,625$4,740$3,978$3,327$2,626
17 years$6,190$5,181$4,313$3,574$2,950$2,287
18 years$5,785$4,787$3,937$3,221$2,623$1,997
19 years$5,423$4,437$3,605$2,911$2,338$1,747
20 years$5,098$4,123$3,308$2,636$2,088$1,531
21 years$4,804$3,840$3,043$2,393$1,869$1,345
22 years$4,537$3,585$2,804$2,175$1,675$1,182
23 years$4,294$3,353$2,589$1,981$1,504$1,041
24 years$4,072$3,141$2,395$1,807$1,352$917
25 years$3,867$2,948$2,218$1,650$1,216$809
26 years$3,679$2,770$2,057$1,509$1,096$714
27 years$3,505$2,607$1,910$1,381$988$631
28 years$3,343$2,457$1,776$1,265$891$558
29 years$3,193$2,318$1,652$1,160$805$493
30 years$3,053$2,189$1,539$1,065$727$436
31 years$2,923$2,069$1,435$978$657$386
32 years$2,801$1,958$1,339$899$595$342
33 years$2,686$1,854$1,250$827$538$303
34 years$2,579$1,757$1,168$761$487$268
35 years$2,478$1,667$1,092$700$441$238
36 years$2,382$1,582$1,022$645$400$211
37 years$2,292$1,503$956$594$362$187
38 years$2,207$1,428$895$548$329$166
39 years$2,127$1,358$839$505$298$147
40 years$2,051$1,292$786$466$270$131
41 years$1,978$1,230$737$430$245$116
42 years$1,910$1,171$692$397$222$103
43 years$1,844$1,116$649$366$202$91
44 years$1,782$1,064$609$338$183$81
45 years$1,723$1,014$572$312$166$72
46 years$1,666$968$537$288$151$64
47 years$1,613$923$505$266$137$57
48 years$1,561$882$474$246$125$50
49 years$1,512$842$446$227$113$45
50 years$1,465$804$419$210$103$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,500,000, adding $3,272 every year, while hoping to spend $34,437 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: 49/35/16 Blend
46$1,500,000$1,500,000$1,500,000$1,500,000
47$1,656,375$1,576,875$1,553,625$1,730,022
48$1,788,685$1,617,501$1,569,031$1,821,831
49$1,933,336$1,658,964$1,583,798$1,917,688
50$2,091,550$1,701,268$1,597,870$2,021,066
51$2,264,675$1,744,416$1,611,185$2,132,682
52$2,454,192$1,788,413$1,623,680$2,253,329
53$2,661,732$1,833,258$1,635,286$2,383,876
54$2,889,095$1,878,953$1,645,934$2,525,282
55$3,138,257$1,925,497$1,655,548$2,678,604
56$3,411,401$1,972,887$1,664,050$2,845,005
57$3,710,926$2,021,121$1,671,358$3,025,767
58$4,039,476$2,070,192$1,677,384$3,222,301
59$4,399,965$2,120,094$1,682,039$3,436,163
60$4,795,600$2,170,817$1,685,226$3,669,066
61$5,229,916$2,222,351$1,686,845$3,922,898
62$5,706,804$2,274,683$1,686,791$4,199,738
63$6,230,553$2,327,798$1,684,954$4,501,879
64$6,805,887$2,381,677$1,681,217$4,831,844
65$7,438,009$2,436,301$1,675,460$5,192,418
66$8,132,652$2,491,646$1,667,554$5,586,666
67$8,896,132$2,547,686$1,657,366$6,017,966
68$9,735,405$2,604,391$1,644,756$6,490,042
69$10,658,139$2,661,728$1,629,578$7,006,997
70$11,672,778$2,719,661$1,611,677$7,573,352
71$12,788,626$2,778,150$1,590,893$8,194,091
72$14,015,936$2,837,149$1,567,058$8,874,704
73$15,366,001$2,896,609$1,539,994$9,621,244
74$16,851,267$2,956,477$1,509,518$10,440,381
75$18,485,445$3,016,693$1,475,436$11,339,464
76$20,283,643$3,077,193$1,437,545$12,326,595
77$22,262,506$3,137,908$1,395,635$13,410,702
78$24,440,376$3,198,760$1,349,483$14,601,624
79$26,837,463$3,259,667$1,298,859$15,910,206
80$29,476,034$3,320,540$1,243,520$17,348,399
81$32,380,625$3,381,282$1,183,214$18,929,375
82$35,578,272$3,441,789$1,117,675$20,667,651
83$39,098,767$3,501,947$1,046,628$22,579,227
84$42,974,934$3,561,636$969,783$24,681,735
85$47,242,945$3,620,724$886,839$26,994,610
86$51,942,658$3,679,072$797,480$29,539,270
87$57,117,991$3,736,528$701,377$32,339,322
88$62,817,338$3,792,931$598,186$35,420,780
89$69,094,029$3,848,106$487,547$38,812,320
90$76,006,826$3,901,869$369,086$42,545,540
91$83,620,482$3,954,020$242,410$46,655,270
92$92,006,351$4,004,347$107,111$51,179,894
93$101,243,060$4,052,623$0$56,161,714
94$111,417,255$4,098,603$0$61,653,720
95$122,624,410$4,142,030$0$67,720,857
96$134,969,737$4,182,627$0$74,401,531
97$148,569,173$4,220,098$0$81,758,237
98$163,550,475$4,254,130$0$89,859,846
99$180,054,429$4,284,387$0$98,782,255
100$198,236,173$4,310,515$0$108,609,104