Can I retire at age 47 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$131,301$130,131$128,990$127,876$126,789$123,724
2 years$65,000$63,790$62,617$61,479$60,376$57,306
3 years$42,903$41,687$40,517$39,390$38,305$35,327
4 years$31,857$30,645$29,486$28,378$27,319$24,455
5 years$25,231$24,026$22,882$21,797$20,768$18,026
6 years$20,815$19,619$18,492$17,432$16,433$13,816
7 years$17,662$16,476$15,367$14,331$13,364$10,873
8 years$15,298$14,123$13,033$12,022$11,087$8,720
9 years$13,460$12,296$11,225$10,240$9,337$7,093
10 years$11,991$10,839$9,786$8,827$7,955$5,831
11 years$10,790$9,649$8,616$7,682$6,842$4,835
12 years$9,790$8,661$7,646$6,738$5,929$4,035
13 years$8,944$7,827$6,831$5,949$5,170$3,386
14 years$8,220$7,114$6,138$5,281$4,532$2,854
15 years$7,593$6,499$5,542$4,710$3,991$2,415
16 years$7,044$5,963$5,024$4,217$3,527$2,049
17 years$6,561$5,491$4,572$3,789$3,127$1,743
18 years$6,132$5,074$4,174$3,415$2,781$1,486
19 years$5,749$4,703$3,821$3,085$2,478$1,269
20 years$5,404$4,370$3,507$2,794$2,214$1,085
21 years$5,092$4,071$3,225$2,536$1,981$929
22 years$4,810$3,800$2,973$2,306$1,776$797
23 years$4,552$3,554$2,745$2,100$1,594$684
24 years$4,316$3,330$2,538$1,915$1,433$587
25 years$4,099$3,125$2,351$1,749$1,289$504
26 years$3,900$2,937$2,180$1,599$1,161$434
27 years$3,715$2,764$2,025$1,464$1,047$373
28 years$3,544$2,604$1,882$1,341$945$321
29 years$3,385$2,457$1,752$1,230$853$276
30 years$3,237$2,320$1,632$1,129$771$238
31 years$3,098$2,193$1,521$1,037$697$205
32 years$2,969$2,075$1,419$953$630$177
33 years$2,847$1,965$1,325$876$570$152
34 years$2,734$1,863$1,238$806$517$131
35 years$2,626$1,767$1,158$742$468$113
36 years$2,525$1,677$1,083$683$424$97
37 years$2,430$1,593$1,014$630$384$84
38 years$2,340$1,514$949$580$348$72
39 years$2,255$1,439$889$535$316$63
40 years$2,174$1,369$833$494$286$54
41 years$2,097$1,304$782$455$260$47
42 years$2,024$1,241$733$420$236$40
43 years$1,955$1,183$688$388$214$35
44 years$1,889$1,128$646$358$194$30
45 years$1,826$1,075$606$331$176$26
46 years$1,766$1,026$569$306$160$22
47 years$1,709$979$535$282$145$19
48 years$1,655$934$503$261$132$17
49 years$1,602$892$473$241$120$14
50 years$1,552$852$444$223$109$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,590,000, adding $5,152 every year, while hoping to spend $56,096 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: 77/5/18 Blend
46$1,590,000$1,590,000$1,590,000$1,590,000
47$1,757,494$1,673,224$1,648,579$1,885,288
48$1,877,073$1,695,527$1,644,121$1,992,752
49$2,006,969$1,717,042$1,637,633$2,103,058
50$2,148,174$1,737,671$1,628,989$2,222,520
51$2,301,783$1,757,312$1,618,054$2,352,033
52$2,468,995$1,775,851$1,604,690$2,492,585
53$2,651,136$1,793,170$1,588,750$2,645,267
54$2,849,658$1,809,143$1,570,080$2,811,277
55$3,066,166$1,823,633$1,548,520$2,991,939
56$3,302,422$1,836,498$1,523,902$3,188,709
57$3,560,366$1,847,583$1,496,050$3,403,195
58$3,842,135$1,856,727$1,464,779$3,637,166
59$4,150,080$1,863,754$1,429,897$3,892,572
60$4,486,792$1,868,481$1,391,202$4,171,565
61$4,855,120$1,870,712$1,348,483$4,476,514
62$5,258,204$1,870,239$1,301,519$4,810,030
63$5,699,500$1,866,840$1,250,079$5,174,992
64$6,182,815$1,860,281$1,193,923$5,574,574
65$6,712,340$1,850,313$1,132,797$6,012,272
66$7,292,691$1,836,670$1,066,438$6,491,939
67$7,928,952$1,819,074$994,570$7,017,826
68$8,626,722$1,797,226$916,906$7,594,613
69$9,392,169$1,770,811$833,143$8,227,462
70$10,232,086$1,739,496$742,969$8,922,061
71$11,153,954$1,702,927$646,054$9,684,680
72$12,166,016$1,660,729$542,056$10,522,229
73$13,277,351$1,612,506$430,616$11,442,325
74$14,497,960$1,557,838$311,360$12,453,363
75$15,838,859$1,496,280$183,898$13,564,596
76$17,312,187$1,427,362$47,823$14,786,223
77$18,931,314$1,350,586$0$16,129,484
78$20,710,971$1,265,427$0$17,625,475
79$22,667,385$1,171,328$0$19,280,163
80$24,818,436$1,067,701$0$21,099,494
81$27,183,822$953,924$0$23,100,148
82$29,785,245$829,340$0$25,300,508
83$32,646,617$693,255$0$27,720,824
84$35,794,282$544,934$0$30,383,413
85$39,257,267$383,604$0$33,312,864
86$43,067,553$208,445$0$36,536,271
87$47,260,378$18,594$0$40,083,488
88$51,874,570$0$0$43,987,415
89$56,952,909$0$0$48,294,581
90$62,542,533$0$0$53,036,585
91$68,695,383$0$0$58,256,476
92$75,468,688$0$0$64,002,816
93$82,925,512$0$0$70,329,114
94$91,135,340$0$0$77,294,333
95$100,174,741$0$0$84,963,440
96$110,128,084$0$0$93,408,027
97$121,088,337$0$0$102,706,978
98$133,157,943$0$0$112,947,219
99$146,449,784$0$0$124,224,535
100$161,088,249$0$0$136,644,473