Can I retire at age 47 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$125,520$124,402$123,311$122,247$121,207$117,990
2 years$62,139$60,981$59,860$58,772$57,718$54,499
3 years$41,014$39,852$38,733$37,656$36,618$33,499
4 years$30,454$29,295$28,188$27,129$26,117$23,120
5 years$24,120$22,968$21,875$20,838$19,853$16,988
6 years$19,898$18,755$17,678$16,664$15,709$12,978
7 years$16,884$15,751$14,691$13,700$12,776$10,179
8 years$14,624$13,501$12,459$11,493$10,599$8,135
9 years$12,868$11,755$10,731$9,789$8,926$6,593
10 years$11,463$10,362$9,355$8,439$7,605$5,400
11 years$10,315$9,224$8,236$7,344$6,541$4,460
12 years$9,359$8,279$7,310$6,442$5,668$3,708
13 years$8,550$7,482$6,531$5,687$4,943$3,099
14 years$7,858$6,801$5,868$5,048$4,333$2,602
15 years$7,258$6,213$5,298$4,502$3,815$2,192
16 years$6,734$5,700$4,803$4,031$3,372$1,852
17 years$6,272$5,250$4,371$3,622$2,989$1,568
18 years$5,862$4,851$3,990$3,264$2,658$1,331
19 years$5,495$4,496$3,653$2,950$2,369$1,132
20 years$5,166$4,178$3,352$2,671$2,116$963
21 years$4,868$3,891$3,083$2,424$1,894$821
22 years$4,598$3,632$2,842$2,204$1,698$701
23 years$4,352$3,397$2,624$2,008$1,524$598
24 years$4,126$3,183$2,427$1,831$1,370$511
25 years$3,919$2,987$2,248$1,672$1,232$437
26 years$3,728$2,807$2,084$1,529$1,110$374
27 years$3,551$2,642$1,936$1,399$1,001$320
28 years$3,388$2,490$1,799$1,282$903$274
29 years$3,236$2,349$1,675$1,176$815$235
30 years$3,094$2,218$1,560$1,079$737$201
31 years$2,962$2,097$1,454$991$666$173
32 years$2,838$1,984$1,357$911$603$148
33 years$2,722$1,879$1,267$838$545$127
34 years$2,613$1,781$1,184$771$494$109
35 years$2,511$1,689$1,107$709$447$93
36 years$2,414$1,603$1,035$653$405$80
37 years$2,323$1,523$969$602$367$69
38 years$2,237$1,447$907$555$333$59
39 years$2,155$1,376$850$512$302$51
40 years$2,078$1,309$797$472$274$43
41 years$2,005$1,246$747$435$248$37
42 years$1,935$1,187$701$402$225$32
43 years$1,869$1,131$658$371$205$27
44 years$1,806$1,078$617$342$186$24
45 years$1,746$1,028$580$316$169$20
46 years$1,689$981$544$292$153$17
47 years$1,634$936$511$270$139$15
48 years$1,582$893$481$249$126$13
49 years$1,532$853$452$231$115$11
50 years$1,484$815$425$213$104$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,520,000, adding $5,686 every year, while hoping to spend $40,560 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: 81/6/13 Blend
46$1,520,000$1,520,000$1,520,000$1,520,000
47$1,680,905$1,600,345$1,576,785$1,812,457
48$1,809,202$1,635,606$1,586,452$1,934,903
49$1,949,226$1,671,236$1,595,083$2,063,415
50$2,102,129$1,707,210$1,602,601$2,203,301
51$2,269,183$1,743,499$1,608,925$2,355,680
52$2,451,784$1,780,075$1,613,968$2,521,787
53$2,651,472$1,816,905$1,617,642$2,702,982
54$2,869,940$1,853,951$1,619,851$2,900,763
55$3,109,055$1,891,176$1,620,497$3,116,778
56$3,370,870$1,928,535$1,619,475$3,352,846
57$3,657,648$1,965,983$1,616,677$3,610,967
58$3,971,881$2,003,468$1,611,988$3,893,348
59$4,316,311$2,040,937$1,605,288$4,202,419
60$4,693,962$2,078,329$1,596,452$4,540,855
61$5,108,160$2,115,582$1,585,348$4,911,607
62$5,562,572$2,152,625$1,571,837$5,317,924
63$6,061,236$2,189,385$1,555,774$5,763,385
64$6,608,599$2,225,781$1,537,009$6,251,936
65$7,209,560$2,261,729$1,515,383$6,787,924
66$7,869,515$2,297,134$1,490,729$7,376,137
67$8,594,411$2,331,898$1,462,874$8,021,852
68$9,390,795$2,365,916$1,431,634$8,730,885
69$10,265,883$2,399,073$1,396,821$9,509,643
70$11,227,622$2,431,246$1,358,234$10,365,185
71$12,284,770$2,462,307$1,315,664$11,305,294
72$13,446,972$2,492,116$1,268,895$12,338,540
73$14,724,857$2,520,524$1,217,697$13,474,373
74$16,130,135$2,547,372$1,161,832$14,723,201
75$17,675,706$2,572,491$1,101,051$16,096,498
76$19,375,785$2,595,699$1,035,093$17,606,904
77$21,246,033$2,616,806$963,686$19,268,350
78$23,303,704$2,635,605$886,545$21,096,188
79$25,567,810$2,651,879$803,373$23,107,334
80$28,059,301$2,665,395$713,860$25,320,432
81$30,801,255$2,675,905$617,680$27,756,025
82$33,819,106$2,683,148$514,496$30,436,752
83$37,140,876$2,686,843$403,952$33,387,561
84$40,797,442$2,686,694$285,681$36,635,947
85$44,822,825$2,682,386$159,295$40,212,206
86$49,254,514$2,673,585$24,393$44,149,727
87$54,133,819$2,659,934$0$48,485,304
88$59,506,256$2,641,058$0$53,276,071
89$65,421,981$2,616,557$0$58,554,815
90$71,936,262$2,586,007$0$64,367,454
91$79,109,999$2,548,960$0$70,768,321
92$87,010,298$2,504,938$0$77,817,286
93$95,711,107$2,453,438$0$85,580,324
94$105,293,909$2,393,927$0$94,130,136
95$115,848,496$2,325,837$0$103,546,834
96$127,473,811$2,248,572$0$113,918,700
97$140,278,885$2,161,497$0$125,343,017
98$154,383,862$2,063,941$0$137,926,985
99$169,921,138$1,955,196$0$151,788,739
100$187,036,605$1,834,511$0$167,058,457