Can I retire at age 47 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$124,694$123,584$122,500$121,442$120,410$119,651
2 years$61,730$60,580$59,466$58,386$57,338$56,572
3 years$40,744$39,590$38,478$37,408$36,377$35,629
4 years$30,254$29,103$28,002$26,951$25,945$25,219
5 years$23,961$22,817$21,731$20,701$19,723$19,022
6 years$19,767$18,632$17,562$16,554$15,606$14,931
7 years$16,773$15,647$14,594$13,610$12,692$12,043
8 years$14,528$13,412$12,377$11,417$10,529$9,907
9 years$12,783$11,678$10,660$9,725$8,867$8,271
10 years$11,388$10,293$9,294$8,383$7,555$6,985
11 years$10,247$9,164$8,182$7,296$6,498$5,953
12 years$9,297$8,225$7,261$6,399$5,631$5,111
13 years$8,494$7,433$6,488$5,650$4,910$4,415
14 years$7,806$6,756$5,829$5,015$4,304$3,832
15 years$7,211$6,172$5,263$4,473$3,790$3,341
16 years$6,690$5,663$4,772$4,005$3,349$2,923
17 years$6,231$5,215$4,342$3,598$2,970$2,566
18 years$5,823$4,819$3,964$3,243$2,641$2,258
19 years$5,459$4,466$3,629$2,930$2,354$1,991
20 years$5,132$4,150$3,330$2,654$2,102$1,759
21 years$4,836$3,866$3,063$2,408$1,881$1,557
22 years$4,568$3,608$2,823$2,190$1,686$1,381
23 years$4,323$3,375$2,607$1,994$1,514$1,226
24 years$4,099$3,162$2,411$1,819$1,361$1,089
25 years$3,893$2,967$2,233$1,661$1,224$969
26 years$3,703$2,789$2,071$1,519$1,103$863
27 years$3,528$2,625$1,923$1,390$994$769
28 years$3,365$2,473$1,788$1,274$897$686
29 years$3,214$2,333$1,664$1,168$810$612
30 years$3,074$2,204$1,549$1,072$732$546
31 years$2,942$2,083$1,445$985$662$488
32 years$2,819$1,971$1,348$905$599$436
33 years$2,704$1,867$1,258$832$542$390
34 years$2,596$1,769$1,176$766$491$348
35 years$2,494$1,678$1,099$705$444$312
36 years$2,398$1,593$1,028$649$403$279
37 years$2,308$1,513$963$598$365$250
38 years$2,222$1,438$901$551$331$223
39 years$2,141$1,367$844$508$300$200
40 years$2,064$1,301$792$469$272$179
41 years$1,992$1,238$742$433$247$160
42 years$1,922$1,179$696$399$224$144
43 years$1,857$1,123$653$368$203$129
44 years$1,794$1,071$613$340$184$115
45 years$1,734$1,021$576$314$167$103
46 years$1,678$974$541$290$152$93
47 years$1,623$930$508$268$138$83
48 years$1,571$887$477$248$125$74
49 years$1,522$847$449$229$114$67
50 years$1,474$809$422$212$103$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,510,000, adding $2,896 every year, while hoping to spend $32,850 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: 69/17/14 Blend
46$1,510,000$1,510,000$1,510,000$1,510,000
47$1,667,007$1,586,977$1,563,572$1,776,549
48$1,802,090$1,629,787$1,581,000$1,892,583
49$1,949,850$1,673,593$1,597,910$2,015,287
50$2,111,546$1,718,411$1,614,251$2,148,689
51$2,288,563$1,764,253$1,629,968$2,293,836
52$2,482,428$1,811,132$1,645,004$2,451,883
53$2,694,821$1,859,063$1,659,296$2,624,102
54$2,927,592$1,908,056$1,672,782$2,811,892
55$3,182,779$1,958,124$1,685,393$3,016,795
56$3,462,628$2,009,277$1,697,059$3,240,511
57$3,769,610$2,061,526$1,707,705$3,484,909
58$4,106,449$2,114,879$1,717,252$3,752,052
59$4,476,144$2,169,346$1,725,617$4,044,209
60$4,881,999$2,224,933$1,732,714$4,363,883
61$5,327,655$2,281,646$1,738,451$4,713,827
62$5,817,119$2,339,490$1,742,733$5,097,078
63$6,354,809$2,398,469$1,745,458$5,516,981
64$6,945,590$2,458,584$1,746,522$5,977,219
65$7,594,823$2,519,838$1,745,813$6,481,854
66$8,308,412$2,582,227$1,743,215$7,035,359
67$9,092,863$2,645,749$1,738,605$7,642,661
68$9,955,343$2,710,399$1,731,857$8,309,192
69$10,903,749$2,776,169$1,722,835$9,040,935
70$11,946,781$2,843,051$1,711,399$9,844,484
71$13,094,023$2,911,031$1,697,402$10,727,103
72$14,356,038$2,980,096$1,680,689$11,696,800
73$15,744,460$3,050,227$1,661,099$12,762,393
74$17,272,111$3,121,404$1,638,461$13,933,605
75$18,953,116$3,193,603$1,612,600$15,221,147
76$20,803,040$3,266,795$1,583,328$16,636,822
77$22,839,033$3,340,951$1,550,452$18,193,636
78$25,079,990$3,416,033$1,513,768$19,905,922
79$27,546,734$3,492,004$1,473,064$21,789,476
80$30,262,205$3,568,817$1,428,116$23,861,701
81$33,251,685$3,646,423$1,378,693$26,141,778
82$36,543,027$3,724,769$1,324,550$28,650,842
83$40,166,926$3,803,793$1,265,433$31,412,184
84$44,157,203$3,883,429$1,201,075$34,451,473
85$48,551,126$3,963,605$1,131,199$37,796,991
86$53,389,760$4,044,241$1,055,513$41,479,910
87$58,718,357$4,125,250$973,714$45,534,578
88$64,586,780$4,206,538$885,485$49,998,848
89$71,049,976$4,288,003$790,493$54,914,433
90$78,168,491$4,369,532$688,392$60,327,303
91$86,009,045$4,451,007$578,820$66,288,116
92$94,645,156$4,532,295$461,400$72,852,698
93$104,157,842$4,613,258$335,737$80,082,569
94$114,636,377$4,693,742$201,418$88,045,526
95$126,179,136$4,773,584$58,015$96,816,282
96$138,894,527$4,852,609$0$106,477,169
97$152,902,010$4,930,628$0$117,133,117
98$168,333,223$5,007,437$0$128,880,092
99$185,333,229$5,082,819$0$141,819,682
100$204,061,881$5,156,540$0$156,073,393