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%15.2%
1 years$126,346$125,221$124,123$123,051$122,004$119,395
2 years$62,548$61,383$60,254$59,159$58,097$55,481
3 years$41,284$40,114$38,988$37,904$36,859$34,318
4 years$30,655$29,488$28,373$27,308$26,288$23,841
5 years$24,278$23,119$22,019$20,975$19,984$17,638
6 years$20,029$18,878$17,795$16,774$15,813$13,571
7 years$16,995$15,854$14,787$13,791$12,860$10,722
8 years$14,721$13,590$12,541$11,569$10,669$8,634
9 years$12,952$11,832$10,801$9,854$8,984$7,052
10 years$11,539$10,430$9,417$8,494$7,655$5,823
11 years$10,383$9,285$8,291$7,392$6,584$4,850
12 years$9,420$8,334$7,358$6,484$5,705$4,066
13 years$8,606$7,531$6,574$5,725$4,975$3,428
14 years$7,910$6,846$5,906$5,082$4,361$2,904
15 years$7,306$6,254$5,333$4,532$3,840$2,468
16 years$6,778$5,738$4,835$4,058$3,394$2,105
17 years$6,313$5,284$4,399$3,646$3,009$1,800
18 years$5,901$4,883$4,016$3,286$2,676$1,542
19 years$5,532$4,525$3,677$2,969$2,385$1,324
20 years$5,200$4,205$3,374$2,689$2,130$1,138
21 years$4,900$3,917$3,104$2,440$1,906$980
22 years$4,628$3,656$2,860$2,219$1,709$845
23 years$4,380$3,420$2,641$2,021$1,534$729
24 years$4,153$3,204$2,443$1,843$1,379$629
25 years$3,945$3,007$2,262$1,683$1,241$544
26 years$3,752$2,826$2,098$1,539$1,117$470
27 years$3,575$2,660$1,948$1,409$1,007$407
28 years$3,410$2,506$1,811$1,291$909$352
29 years$3,257$2,364$1,686$1,184$821$305
30 years$3,114$2,233$1,570$1,086$742$264
31 years$2,981$2,111$1,464$998$671$229
32 years$2,857$1,997$1,366$917$607$198
33 years$2,740$1,891$1,275$843$549$172
34 years$2,630$1,793$1,191$776$497$149
35 years$2,527$1,700$1,114$714$450$129
36 years$2,430$1,614$1,042$658$408$112
37 years$2,338$1,533$975$606$370$97
38 years$2,252$1,457$913$559$335$84
39 years$2,170$1,385$856$515$304$73
40 years$2,092$1,318$802$475$276$63
41 years$2,018$1,254$752$438$250$55
42 years$1,948$1,195$705$404$227$48
43 years$1,881$1,138$662$373$206$41
44 years$1,818$1,085$621$345$187$36
45 years$1,757$1,035$583$318$170$31
46 years$1,700$987$548$294$154$27
47 years$1,645$942$515$272$140$24
48 years$1,592$899$484$251$127$20
49 years$1,542$859$455$232$115$18
50 years$1,494$820$428$214$105$15

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 $3,761 every year, while hoping to spend $57,926 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: 79/8/13 Blend
46$1,530,000$1,530,000$1,530,000$1,530,000
47$1,689,939$1,608,849$1,585,134$1,818,868
48$1,800,680$1,626,050$1,576,604$1,921,396
49$1,920,776$1,642,152$1,565,846$2,026,026
50$2,051,118$1,657,041$1,552,725$2,139,164
51$2,192,689$1,670,594$1,537,098$2,261,635
52$2,346,571$1,682,679$1,518,818$2,394,348
53$2,513,950$1,693,160$1,497,727$2,538,306
54$2,696,134$1,701,886$1,473,663$2,694,613
55$2,894,563$1,708,702$1,446,454$2,864,486
56$3,110,820$1,713,440$1,415,921$3,049,264
57$3,346,646$1,715,921$1,381,878$3,250,425
58$3,603,961$1,715,958$1,344,127$3,469,597
59$3,884,874$1,713,349$1,302,464$3,708,573
60$4,191,709$1,707,881$1,256,675$3,969,330
61$4,527,025$1,699,329$1,206,535$4,254,045
62$4,893,638$1,687,452$1,151,810$4,565,120
63$5,294,648$1,671,996$1,092,255$4,905,199
64$5,733,470$1,652,691$1,027,613$5,277,198
65$6,213,862$1,629,252$957,617$5,684,330
66$6,739,966$1,601,375$881,986$6,130,137
67$7,316,339$1,568,739$800,430$6,618,521
68$7,948,002$1,531,004$712,641$7,153,784
69$8,640,485$1,487,810$618,301$7,740,666
70$9,399,878$1,438,776$517,077$8,384,394
71$10,232,888$1,383,498$408,621$9,090,727
72$11,146,902$1,321,549$292,570$9,866,011
73$12,150,059$1,252,479$168,545$10,717,243
74$13,251,323$1,175,808$36,149$11,652,133
75$14,460,568$1,091,032$0$12,679,181
76$15,788,670$997,616$0$13,822,337
77$17,247,612$894,997$0$15,083,640
78$18,850,593$782,577$0$16,469,513
79$20,612,156$659,726$0$17,992,561
80$22,548,321$525,777$0$19,666,675
81$24,676,737$380,028$0$21,507,162
82$27,016,848$221,733$0$23,530,886
83$29,590,079$50,110$0$25,756,433
84$32,420,030$0$0$28,204,279
85$35,532,707$0$0$30,908,935
86$38,956,760$0$0$33,889,056
87$42,723,759$0$0$37,167,713
88$46,868,483$0$0$40,775,185
89$51,429,257$0$0$44,744,834
90$56,448,305$0$0$49,113,422
91$61,972,155$0$0$53,921,450
92$68,052,070$0$0$59,213,549
93$74,744,537$0$0$65,038,893
94$82,111,796$0$0$71,451,668
95$90,222,431$0$0$78,511,578
96$99,152,011$0$0$86,284,412
97$108,983,805$0$0$94,842,662
98$119,809,568$0$0$104,266,206
99$131,730,405$0$0$114,643,064
100$144,857,726$0$0$126,070,225