Can I retire at age 47 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$127,998$126,857$125,745$124,659$123,599$118,930
2 years$63,365$62,185$61,041$59,932$58,857$54,207
3 years$41,824$40,639$39,498$38,399$37,341$32,857
4 years$31,055$29,874$28,744$27,664$26,632$22,348
5 years$24,596$23,421$22,307$21,249$20,245$16,172
6 years$20,291$19,125$18,027$16,993$16,019$12,159
7 years$17,217$16,061$14,981$13,971$13,028$9,380
8 years$14,913$13,768$12,705$11,720$10,808$7,369
9 years$13,122$11,987$10,943$9,983$9,102$5,868
10 years$11,690$10,566$9,540$8,605$7,755$4,719
11 years$10,519$9,406$8,399$7,489$6,670$3,825
12 years$9,543$8,443$7,454$6,569$5,780$3,120
13 years$8,719$7,630$6,659$5,799$5,040$2,557
14 years$8,013$6,935$5,984$5,148$4,418$2,103
15 years$7,402$6,335$5,402$4,591$3,890$1,736
16 years$6,867$5,813$4,898$4,111$3,438$1,436
17 years$6,396$5,353$4,457$3,694$3,048$1,191
18 years$5,978$4,947$4,069$3,329$2,711$989
19 years$5,604$4,584$3,725$3,008$2,416$823
20 years$5,268$4,260$3,418$2,724$2,158$685
21 years$4,964$3,968$3,144$2,472$1,931$571
22 years$4,689$3,704$2,898$2,248$1,731$476
23 years$4,437$3,464$2,676$2,047$1,554$398
24 years$4,207$3,246$2,475$1,867$1,397$332
25 years$3,996$3,046$2,292$1,705$1,257$277
26 years$3,801$2,863$2,126$1,559$1,132$232
27 years$3,621$2,694$1,974$1,427$1,021$194
28 years$3,455$2,539$1,835$1,308$921$162
29 years$3,300$2,395$1,708$1,199$832$136
30 years$3,155$2,262$1,591$1,100$751$114
31 years$3,020$2,138$1,483$1,011$679$95
32 years$2,894$2,023$1,383$929$615$80
33 years$2,776$1,916$1,292$854$556$67
34 years$2,665$1,816$1,207$786$504$56
35 years$2,560$1,722$1,128$723$456$47
36 years$2,462$1,635$1,056$666$413$39
37 years$2,369$1,553$988$614$374$33
38 years$2,281$1,476$925$566$340$27
39 years$2,198$1,403$867$522$308$23
40 years$2,119$1,335$813$481$279$19
41 years$2,044$1,271$762$444$253$16
42 years$1,973$1,210$715$410$230$13
43 years$1,906$1,153$671$378$209$11
44 years$1,842$1,099$629$349$189$9
45 years$1,780$1,048$591$323$172$8
46 years$1,722$1,000$555$298$156$7
47 years$1,666$954$522$275$142$6
48 years$1,613$911$490$254$129$5
49 years$1,562$870$461$235$117$4
50 years$1,513$831$433$217$106$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,550,000, adding $5,983 every year, while hoping to spend $32,249 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: 53/28/19 Blend
46$1,550,000$1,550,000$1,550,000$1,550,000
47$1,714,271$1,632,121$1,608,096$1,795,940
48$1,854,814$1,677,783$1,627,655$1,898,280
49$2,008,612$1,724,601$1,646,788$2,005,695
50$2,176,982$1,772,598$1,665,447$2,121,878
51$2,361,376$1,821,796$1,683,581$2,247,672
52$2,563,391$1,872,220$1,701,136$2,384,006
53$2,784,789$1,923,890$1,718,056$2,531,906
54$3,027,507$1,976,830$1,734,280$2,692,497
55$3,293,680$2,031,063$1,749,746$2,867,021
56$3,585,660$2,086,609$1,764,388$3,056,844
57$3,906,037$2,143,493$1,778,134$3,263,473
58$4,257,664$2,201,735$1,790,912$3,488,566
59$4,643,682$2,261,356$1,802,645$3,733,949
60$5,067,554$2,322,379$1,813,250$4,001,635
61$5,533,093$2,384,824$1,822,642$4,293,840
62$6,044,499$2,448,711$1,830,731$4,613,005
63$6,606,401$2,514,060$1,837,423$4,961,821
64$7,223,895$2,580,891$1,842,618$5,343,251
65$7,902,598$2,649,220$1,846,211$5,760,562
66$8,648,697$2,719,066$1,848,094$6,217,349
67$9,469,010$2,790,446$1,848,151$6,717,578
68$10,371,046$2,863,375$1,846,261$7,265,616
69$11,363,080$2,937,868$1,842,298$7,866,274
70$12,454,229$3,013,938$1,836,129$8,524,856
71$13,654,536$3,091,597$1,827,616$9,247,204
72$14,975,069$3,170,856$1,816,611$10,039,757
73$16,428,021$3,251,722$1,802,962$10,909,609
74$18,026,828$3,334,205$1,786,510$11,864,578
75$19,786,291$3,418,308$1,767,085$12,913,278
76$21,722,723$3,504,035$1,744,513$14,065,203
77$23,854,095$3,591,388$1,718,608$15,330,814
78$26,200,210$3,680,363$1,689,179$16,721,638
79$28,782,889$3,770,958$1,656,023$18,250,379
80$31,626,174$3,863,165$1,618,930$19,931,037
81$34,756,557$3,956,974$1,577,679$21,779,038
82$38,203,232$4,052,372$1,532,037$23,811,384
83$41,998,366$4,149,342$1,481,764$26,046,810
84$46,177,403$4,247,863$1,426,606$28,505,962
85$50,779,400$4,347,911$1,366,300$31,211,593
86$55,847,396$4,449,456$1,300,568$34,188,778
87$61,428,815$4,552,464$1,229,122$37,465,148
88$67,575,916$4,656,896$1,151,660$41,071,156
89$74,346,285$4,762,709$1,067,865$45,040,359
90$81,803,376$4,869,852$977,409$49,409,741
91$90,017,114$4,978,269$879,946$54,220,057
92$99,064,552$5,087,896$775,116$59,516,223
93$109,030,598$5,198,664$662,544$65,347,735
94$120,008,816$5,310,497$541,837$71,769,142
95$132,102,312$5,423,307$412,585$78,840,557
96$145,424,701$5,537,002$274,360$86,628,227
97$160,101,184$5,651,479$126,714$95,205,161
98$176,269,728$5,766,625$0$104,651,813
99$194,082,367$5,882,316$0$115,063,106
100$213,706,639$5,998,421$0$126,558,318