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%12.9%
1 years$123,869$122,765$121,689$120,638$119,612$118,166
2 years$61,321$60,179$59,072$57,999$56,958$55,503
3 years$40,475$39,328$38,224$37,161$36,137$34,718
4 years$30,053$28,910$27,817$26,772$25,773$24,401
5 years$23,802$22,666$21,587$20,564$19,592$18,271
6 years$19,636$18,508$17,446$16,445$15,503$14,234
7 years$16,662$15,543$14,497$13,520$12,608$11,392
8 years$14,432$13,323$12,295$11,342$10,459$9,297
9 years$12,698$11,600$10,590$9,661$8,808$7,698
10 years$11,312$10,225$9,232$8,328$7,505$6,446
11 years$10,179$9,103$8,128$7,247$6,455$5,447
12 years$9,236$8,170$7,213$6,357$5,593$4,635
13 years$8,438$7,384$6,445$5,612$4,878$3,968
14 years$7,754$6,711$5,791$4,982$4,276$3,413
15 years$7,163$6,131$5,228$4,443$3,765$2,947
16 years$6,646$5,625$4,740$3,978$3,327$2,554
17 years$6,190$5,181$4,313$3,574$2,950$2,220
18 years$5,785$4,787$3,937$3,221$2,623$1,934
19 years$5,423$4,437$3,605$2,911$2,338$1,689
20 years$5,098$4,123$3,308$2,636$2,088$1,477
21 years$4,804$3,840$3,043$2,393$1,869$1,294
22 years$4,537$3,585$2,804$2,175$1,675$1,135
23 years$4,294$3,353$2,589$1,981$1,504$997
24 years$4,072$3,141$2,395$1,807$1,352$876
25 years$3,867$2,948$2,218$1,650$1,216$771
26 years$3,679$2,770$2,057$1,509$1,096$679
27 years$3,505$2,607$1,910$1,381$988$599
28 years$3,343$2,457$1,776$1,265$891$528
29 years$3,193$2,318$1,652$1,160$805$466
30 years$3,053$2,189$1,539$1,065$727$411
31 years$2,923$2,069$1,435$978$657$363
32 years$2,801$1,958$1,339$899$595$321
33 years$2,686$1,854$1,250$827$538$283
34 years$2,579$1,757$1,168$761$487$250
35 years$2,478$1,667$1,092$700$441$221
36 years$2,382$1,582$1,022$645$400$196
37 years$2,292$1,503$956$594$362$173
38 years$2,207$1,428$895$548$329$153
39 years$2,127$1,358$839$505$298$135
40 years$2,051$1,292$786$466$270$120
41 years$1,978$1,230$737$430$245$106
42 years$1,910$1,171$692$397$222$94
43 years$1,844$1,116$649$366$202$83
44 years$1,782$1,064$609$338$183$74
45 years$1,723$1,014$572$312$166$65
46 years$1,666$968$537$288$151$58
47 years$1,613$923$505$266$137$51
48 years$1,561$882$474$246$125$45
49 years$1,512$842$446$227$113$40
50 years$1,465$804$419$210$103$35

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 $6,855 every year, while hoping to spend $35,837 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: 33/42/25 Blend
46$1,500,000$1,500,000$1,500,000$1,500,000
47$1,660,071$1,580,571$1,557,321$1,701,999
48$1,791,268$1,619,889$1,571,361$1,773,491
49$1,934,646$1,659,932$1,584,670$1,846,788
50$2,091,409$1,700,698$1,597,186$1,925,069
51$2,262,885$1,742,184$1,608,844$2,008,797
52$2,450,533$1,784,384$1,619,573$2,098,485
53$2,655,961$1,827,293$1,629,303$2,194,695
54$2,880,940$1,870,902$1,637,956$2,298,047
55$3,127,420$1,915,200$1,645,452$2,409,226
56$3,397,549$1,960,177$1,651,706$2,528,987
57$3,693,692$2,005,818$1,656,631$2,658,160
58$4,018,453$2,052,108$1,660,133$2,797,661
59$4,374,702$2,099,029$1,662,115$2,948,501
60$4,765,600$2,146,559$1,662,473$3,111,794
61$5,194,626$2,194,675$1,661,101$3,288,768
62$5,665,615$2,243,352$1,657,885$3,480,775
63$6,182,791$2,292,559$1,652,708$3,689,310
64$6,750,806$2,342,265$1,645,444$3,916,016
65$7,374,786$2,392,434$1,635,964$4,162,711
66$8,060,377$2,443,026$1,624,132$4,431,393
67$8,813,800$2,493,998$1,609,804$4,724,269
68$9,641,906$2,545,303$1,592,831$5,043,772
69$10,552,245$2,596,888$1,573,056$5,392,584
70$11,553,136$2,648,697$1,550,315$5,773,662
71$12,653,741$2,700,668$1,524,436$6,190,268
72$13,864,156$2,752,735$1,495,238$6,645,997
73$15,195,506$2,804,824$1,462,534$7,144,814
74$16,660,045$2,856,858$1,426,127$7,691,090
75$18,271,277$2,908,752$1,385,810$8,289,645
76$20,044,080$2,960,413$1,341,367$8,945,794
77$21,994,846$3,011,744$1,292,573$9,665,397
78$24,141,638$3,062,637$1,239,192$10,454,915
79$26,504,357$3,112,978$1,180,977$11,321,470
80$29,104,933$3,162,645$1,117,670$12,272,917
81$31,967,526$3,211,505$1,049,002$13,317,915
82$35,118,762$3,259,416$974,692$14,466,012
83$38,587,976$3,306,228$894,444$15,727,732
84$42,407,493$3,351,777$807,952$17,114,681
85$46,612,933$3,395,890$714,894$18,639,652
86$51,243,543$3,438,380$614,934$20,316,751
87$56,342,573$3,479,049$507,723$22,161,525
88$61,957,678$3,517,684$392,894$24,191,120
89$68,141,371$3,554,061$270,066$26,424,432
90$74,951,516$3,587,935$138,839$28,882,297
91$82,451,878$3,619,051$0$31,587,681
92$90,712,719$3,647,134$0$34,566,224
93$99,811,464$3,671,892$0$37,885,061
94$109,833,432$3,693,013$0$41,538,006
95$120,872,638$3,710,166$0$45,559,103
96$133,032,684$3,723,001$0$49,985,869
97$146,427,732$3,731,142$0$54,859,657
98$161,183,584$3,734,192$0$60,226,040
99$177,438,871$3,731,728$0$66,135,243
100$195,346,356$3,723,303$0$72,642,623