Can I retire at age 47 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$126,346$125,221$124,123$123,051$122,004$121,185
2 years$62,548$61,383$60,254$59,159$58,097$57,271
3 years$41,284$40,114$38,988$37,904$36,859$36,051
4 years$30,655$29,488$28,373$27,308$26,288$25,505
5 years$24,278$23,119$22,019$20,975$19,984$19,228
6 years$20,029$18,878$17,795$16,774$15,813$15,085
7 years$16,995$15,854$14,787$13,791$12,860$12,160
8 years$14,721$13,590$12,541$11,569$10,669$9,997
9 years$12,952$11,832$10,801$9,854$8,984$8,342
10 years$11,539$10,430$9,417$8,494$7,655$7,040
11 years$10,383$9,285$8,291$7,392$6,584$5,996
12 years$9,420$8,334$7,358$6,484$5,705$5,145
13 years$8,606$7,531$6,574$5,725$4,975$4,441
14 years$7,910$6,846$5,906$5,082$4,361$3,853
15 years$7,306$6,254$5,333$4,532$3,840$3,357
16 years$6,778$5,738$4,835$4,058$3,394$2,935
17 years$6,313$5,284$4,399$3,646$3,009$2,574
18 years$5,901$4,883$4,016$3,286$2,676$2,264
19 years$5,532$4,525$3,677$2,969$2,385$1,995
20 years$5,200$4,205$3,374$2,689$2,130$1,762
21 years$4,900$3,917$3,104$2,440$1,906$1,558
22 years$4,628$3,656$2,860$2,219$1,709$1,380
23 years$4,380$3,420$2,641$2,021$1,534$1,224
24 years$4,153$3,204$2,443$1,843$1,379$1,087
25 years$3,945$3,007$2,262$1,683$1,241$966
26 years$3,752$2,826$2,098$1,539$1,117$860
27 years$3,575$2,660$1,948$1,409$1,007$766
28 years$3,410$2,506$1,811$1,291$909$682
29 years$3,257$2,364$1,686$1,184$821$608
30 years$3,114$2,233$1,570$1,086$742$543
31 years$2,981$2,111$1,464$998$671$484
32 years$2,857$1,997$1,366$917$607$432
33 years$2,740$1,891$1,275$843$549$386
34 years$2,630$1,793$1,191$776$497$345
35 years$2,527$1,700$1,114$714$450$308
36 years$2,430$1,614$1,042$658$408$276
37 years$2,338$1,533$975$606$370$247
38 years$2,252$1,457$913$559$335$221
39 years$2,170$1,385$856$515$304$197
40 years$2,092$1,318$802$475$276$177
41 years$2,018$1,254$752$438$250$158
42 years$1,948$1,195$705$404$227$141
43 years$1,881$1,138$662$373$206$127
44 years$1,818$1,085$621$345$187$113
45 years$1,757$1,035$583$318$170$101
46 years$1,700$987$548$294$154$91
47 years$1,645$942$515$272$140$81
48 years$1,592$899$484$251$127$73
49 years$1,542$859$455$232$115$65
50 years$1,494$820$428$214$105$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,530,000, adding $5,637 every year, while hoping to spend $23,784 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: 73/10/17 Blend
46$1,530,000$1,530,000$1,530,000$1,530,000
47$1,691,875$1,610,785$1,587,070$1,808,362
48$1,839,140$1,664,407$1,614,930$1,939,998
49$2,000,629$1,719,860$1,642,927$2,080,714
50$2,177,768$1,777,208$1,671,040$2,234,240
51$2,372,126$1,836,517$1,699,246$2,401,843
52$2,585,435$1,897,858$1,727,523$2,584,918
53$2,819,599$1,961,302$1,755,844$2,785,001
54$3,076,716$2,026,925$1,784,183$3,003,784
55$3,359,099$2,094,802$1,812,511$3,243,129
56$3,669,295$2,165,015$1,840,798$3,505,089
57$4,010,109$2,237,647$1,869,011$3,791,923
58$4,384,633$2,312,784$1,897,115$4,106,121
59$4,796,270$2,390,516$1,925,074$4,450,426
60$5,248,774$2,470,935$1,952,848$4,827,858
61$5,746,277$2,554,138$1,980,396$5,241,746
62$6,293,331$2,640,226$2,007,674$5,695,754
63$6,894,955$2,729,301$2,034,635$6,193,922
64$7,556,675$2,821,471$2,061,230$6,740,698
65$8,284,582$2,916,849$2,087,407$7,340,986
66$9,085,384$3,015,549$2,113,109$8,000,183
67$9,966,475$3,117,693$2,138,280$8,724,241
68$10,936,000$3,223,405$2,162,858$9,519,715
69$12,002,934$3,332,814$2,186,776$10,393,827
70$13,177,167$3,446,055$2,209,966$11,354,534
71$14,469,595$3,563,269$2,232,357$12,410,603
72$15,892,223$3,684,598$2,253,870$13,571,697
73$17,458,282$3,810,195$2,274,427$14,848,458
74$19,182,347$3,940,216$2,293,941$16,252,614
75$21,080,482$4,074,822$2,312,323$17,797,090
76$23,170,385$4,214,182$2,329,480$19,496,123
77$25,471,558$4,358,471$2,345,312$21,365,404
78$28,005,492$4,507,871$2,359,714$23,422,221
79$30,795,866$4,662,570$2,372,578$25,685,625
80$33,868,773$4,822,765$2,383,788$28,176,607
81$37,252,965$4,988,658$2,393,223$30,918,298
82$40,980,128$5,160,462$2,400,756$33,936,185
83$45,085,172$5,338,396$2,406,253$37,258,355
84$49,606,571$5,522,689$2,409,574$40,915,756
85$54,586,718$5,713,578$2,410,571$44,942,492
86$60,072,329$5,911,308$2,409,091$49,376,142
87$66,114,881$6,116,138$2,404,970$54,258,116
88$72,771,102$6,328,331$2,398,040$59,634,049
89$80,103,502$6,548,167$2,388,121$65,554,223
90$88,180,963$6,775,931$2,375,027$72,074,051
91$97,079,393$7,011,923$2,358,562$79,254,594
92$106,882,437$7,256,454$2,338,521$87,163,139
93$117,682,272$7,509,846$2,314,687$95,873,833
94$129,580,472$7,772,436$2,286,837$105,468,385
95$142,688,968$8,044,574$2,254,735$116,036,835
96$157,131,107$8,326,622$2,218,132$127,678,405
97$173,042,811$8,618,957$2,176,771$140,502,434
98$190,573,865$8,921,974$2,130,380$154,629,412
99$209,889,329$9,236,080$2,078,677$170,192,115
100$231,171,093$9,561,701$2,021,366$187,336,861