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%18.7%
1 years$131,301$130,131$128,990$127,876$126,789$122,339
2 years$65,000$63,790$62,617$61,479$60,376$55,939
3 years$42,903$41,687$40,517$39,390$38,305$34,021
4 years$31,857$30,645$29,486$28,378$27,319$23,221
5 years$25,231$24,026$22,882$21,797$20,768$16,866
6 years$20,815$19,619$18,492$17,432$16,433$12,730
7 years$17,662$16,476$15,367$14,331$13,364$9,860
8 years$15,298$14,123$13,033$12,022$11,087$7,779
9 years$13,460$12,296$11,225$10,240$9,337$6,220
10 years$11,991$10,839$9,786$8,827$7,955$5,025
11 years$10,790$9,649$8,616$7,682$6,842$4,092
12 years$9,790$8,661$7,646$6,738$5,929$3,353
13 years$8,944$7,827$6,831$5,949$5,170$2,761
14 years$8,220$7,114$6,138$5,281$4,532$2,282
15 years$7,593$6,499$5,542$4,710$3,991$1,893
16 years$7,044$5,963$5,024$4,217$3,527$1,574
17 years$6,561$5,491$4,572$3,789$3,127$1,312
18 years$6,132$5,074$4,174$3,415$2,781$1,095
19 years$5,749$4,703$3,821$3,085$2,478$916
20 years$5,404$4,370$3,507$2,794$2,214$767
21 years$5,092$4,071$3,225$2,536$1,981$643
22 years$4,810$3,800$2,973$2,306$1,776$539
23 years$4,552$3,554$2,745$2,100$1,594$452
24 years$4,316$3,330$2,538$1,915$1,433$380
25 years$4,099$3,125$2,351$1,749$1,289$319
26 years$3,900$2,937$2,180$1,599$1,161$268
27 years$3,715$2,764$2,025$1,464$1,047$226
28 years$3,544$2,604$1,882$1,341$945$190
29 years$3,385$2,457$1,752$1,230$853$160
30 years$3,237$2,320$1,632$1,129$771$134
31 years$3,098$2,193$1,521$1,037$697$113
32 years$2,969$2,075$1,419$953$630$95
33 years$2,847$1,965$1,325$876$570$80
34 years$2,734$1,863$1,238$806$517$68
35 years$2,626$1,767$1,158$742$468$57
36 years$2,525$1,677$1,083$683$424$48
37 years$2,430$1,593$1,014$630$384$40
38 years$2,340$1,514$949$580$348$34
39 years$2,255$1,439$889$535$316$29
40 years$2,174$1,369$833$494$286$24
41 years$2,097$1,304$782$455$260$20
42 years$2,024$1,241$733$420$236$17
43 years$1,955$1,183$688$388$214$14
44 years$1,889$1,128$646$358$194$12
45 years$1,826$1,075$606$331$176$10
46 years$1,766$1,026$569$306$160$9
47 years$1,709$979$535$282$145$7
48 years$1,655$934$503$261$132$6
49 years$1,602$892$473$241$120$5
50 years$1,552$852$444$223$109$4

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 $3,282 every year, while hoping to spend $33,477 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: 44/31/25 Blend
46$1,590,000$1,590,000$1,590,000$1,590,000
47$1,755,565$1,671,295$1,646,650$1,819,949
48$1,899,014$1,717,570$1,666,194$1,912,271
49$2,055,972$1,764,989$1,685,270$2,008,803
50$2,227,782$1,813,575$1,703,828$2,112,784
51$2,415,924$1,863,348$1,721,814$2,224,925
52$2,622,024$1,914,328$1,739,171$2,346,006
53$2,847,877$1,966,536$1,755,839$2,476,888
54$3,095,456$2,019,992$1,771,755$2,618,520
55$3,366,937$2,074,716$1,786,853$2,771,944
56$3,664,714$2,130,727$1,801,063$2,938,312
57$3,991,427$2,188,045$1,814,311$3,118,889
58$4,349,982$2,246,688$1,826,519$3,315,071
59$4,743,579$2,306,675$1,837,607$3,528,395
60$5,175,745$2,368,023$1,847,487$3,760,554
61$5,650,364$2,430,749$1,856,071$4,013,415
62$6,171,715$2,494,869$1,863,263$4,289,032
63$6,744,511$2,560,400$1,868,964$4,589,671
64$7,373,946$2,627,354$1,873,070$4,917,827
65$8,065,741$2,695,747$1,875,470$5,276,251
66$8,826,198$2,765,589$1,876,049$5,667,974
67$9,662,260$2,836,894$1,874,687$6,096,333
68$10,581,578$2,909,669$1,871,257$6,565,010
69$11,592,581$2,983,924$1,865,625$7,078,060
70$12,704,554$3,059,666$1,857,653$7,639,951
71$13,927,728$3,136,899$1,847,194$8,255,609
72$15,273,376$3,215,627$1,834,095$8,930,460
73$16,753,918$3,295,851$1,818,195$9,670,487
74$18,383,039$3,377,569$1,799,326$10,482,281
75$20,175,818$3,460,779$1,777,312$11,373,106
76$22,148,868$3,545,473$1,751,968$12,350,970
77$24,320,495$3,631,644$1,723,102$13,424,695
78$26,710,870$3,719,279$1,690,510$14,604,006
79$29,342,218$3,808,363$1,653,982$15,899,620
80$32,239,029$3,898,878$1,613,296$17,323,349
81$35,428,288$3,990,801$1,568,219$18,888,210
82$38,939,730$4,084,106$1,518,510$20,608,550
83$42,806,117$4,178,763$1,463,915$22,500,180
84$47,063,554$4,274,735$1,404,170$24,580,525
85$51,751,822$4,371,983$1,338,995$26,868,792
86$56,914,760$4,470,462$1,268,103$29,386,147
87$62,600,670$4,570,120$1,191,190$32,155,916
88$68,862,783$4,670,900$1,107,939$35,203,809
89$75,759,752$4,772,739$1,018,020$38,558,161
90$83,356,210$4,875,566$921,087$42,250,199
91$91,723,379$4,979,305$816,779$46,314,339
92$100,939,742$5,083,869$704,719$50,788,510
93$111,091,782$5,189,165$584,514$55,714,515
94$122,274,800$5,295,090$455,751$61,138,423
95$134,593,813$5,401,532$318,002$67,111,009
96$148,164,545$5,508,371$170,818$73,688,230
97$163,114,520$5,615,472$13,732$80,931,755
98$179,584,264$5,722,693$0$88,909,551
99$197,728,632$5,829,878$0$97,737,576
100$217,718,268$5,936,859$0$107,463,903