Can I retire at age 47 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$132,952$131,768$130,613$129,485$128,384$123,485
2 years$65,818$64,592$63,404$62,252$61,135$56,257
3 years$43,443$42,212$41,027$39,886$38,787$34,083
4 years$32,257$31,030$29,857$28,735$27,663$23,170
5 years$25,548$24,328$23,170$22,072$21,029$16,758
6 years$21,076$19,866$18,725$17,651$16,639$12,593
7 years$17,884$16,683$15,561$14,512$13,532$9,710
8 years$15,490$14,300$13,197$12,173$11,226$7,624
9 years$13,630$12,451$11,366$10,369$9,454$6,066
10 years$12,142$10,975$9,909$8,938$8,055$4,876
11 years$10,926$9,770$8,724$7,779$6,928$3,950
12 years$9,913$8,769$7,742$6,823$6,004$3,219
13 years$9,056$7,925$6,917$6,024$5,235$2,636
14 years$8,323$7,204$6,215$5,347$4,589$2,167
15 years$7,688$6,581$5,611$4,769$4,041$1,787
16 years$7,133$6,038$5,088$4,270$3,571$1,478
17 years$6,644$5,560$4,630$3,837$3,166$1,224
18 years$6,209$5,138$4,226$3,458$2,815$1,016
19 years$5,821$4,762$3,869$3,124$2,509$845
20 years$5,472$4,425$3,551$2,830$2,242$703
21 years$5,157$4,122$3,266$2,568$2,006$585
22 years$4,870$3,847$3,010$2,335$1,798$488
23 years$4,609$3,598$2,779$2,126$1,614$407
24 years$4,370$3,372$2,570$1,939$1,451$340
25 years$4,151$3,164$2,381$1,771$1,305$283
26 years$3,949$2,974$2,208$1,619$1,176$237
27 years$3,762$2,799$2,050$1,482$1,060$198
28 years$3,588$2,637$1,906$1,358$957$165
29 years$3,427$2,488$1,774$1,245$864$138
30 years$3,277$2,349$1,652$1,143$780$116
31 years$3,137$2,221$1,540$1,050$706$97
32 years$3,006$2,102$1,437$965$638$81
33 years$2,883$1,990$1,342$887$578$68
34 years$2,768$1,886$1,254$816$523$57
35 years$2,659$1,789$1,172$751$474$47
36 years$2,557$1,698$1,096$692$429$40
37 years$2,461$1,613$1,026$638$389$33
38 years$2,369$1,533$961$588$353$28
39 years$2,283$1,457$900$542$320$23
40 years$2,201$1,387$844$500$290$19
41 years$2,123$1,320$791$461$263$16
42 years$2,050$1,257$742$426$239$14
43 years$1,980$1,198$697$393$217$11
44 years$1,913$1,142$654$363$197$9
45 years$1,849$1,089$614$335$179$8
46 years$1,789$1,039$577$309$162$7
47 years$1,731$991$542$286$147$6
48 years$1,675$946$509$264$134$5
49 years$1,623$904$479$244$121$4
50 years$1,572$863$450$226$110$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,610,000, adding $2,090 every year, while hoping to spend $24,438 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: 66/21/13 Blend
46$1,610,000$1,610,000$1,610,000$1,610,000
47$1,776,376$1,691,046$1,666,091$1,888,185
48$1,931,564$1,747,905$1,695,903$2,019,896
49$2,101,763$1,806,732$1,725,895$2,160,740
50$2,288,477$1,867,596$1,756,047$2,314,069
51$2,493,364$1,930,571$1,786,337$2,481,102
52$2,718,252$1,995,733$1,816,743$2,663,180
53$2,965,150$2,063,160$1,847,241$2,861,781
54$3,236,275$2,132,935$1,877,803$3,078,531
55$3,534,069$2,205,142$1,908,403$3,315,221
56$3,861,220$2,279,870$1,939,011$3,573,822
57$4,220,690$2,357,210$1,969,594$3,856,505
58$4,615,744$2,437,257$2,000,119$4,165,659
59$5,049,977$2,520,109$2,030,549$4,503,916
60$5,527,349$2,605,869$2,060,847$4,874,176
61$6,052,225$2,694,643$2,090,972$5,279,629
62$6,629,412$2,786,541$2,120,880$5,723,792
63$7,264,208$2,881,677$2,150,525$6,210,536
64$7,962,449$2,980,171$2,179,859$6,744,126
65$8,730,565$3,082,146$2,208,831$7,329,259
66$9,575,642$3,187,730$2,237,386$7,971,109
67$10,505,484$3,297,056$2,265,465$8,675,376
68$11,528,695$3,410,262$2,293,009$9,448,337
69$12,654,749$3,527,493$2,319,953$10,296,909
70$13,894,091$3,648,897$2,346,228$11,228,710
71$15,258,224$3,774,630$2,371,763$12,252,133
72$16,759,828$3,904,851$2,396,482$13,376,424
73$18,412,871$4,039,730$2,420,305$14,611,770
74$20,232,747$4,179,439$2,443,148$15,969,393
75$22,236,415$4,324,159$2,464,921$17,461,656
76$24,442,565$4,474,079$2,485,532$19,102,183
77$26,871,790$4,629,392$2,504,881$20,905,981
78$29,546,783$4,790,303$2,522,864$22,889,585
79$32,492,548$4,957,021$2,539,374$25,071,214
80$35,736,639$5,129,766$2,554,294$27,470,941
81$39,309,418$5,308,767$2,567,505$30,110,882
82$43,244,341$5,494,258$2,578,878$33,015,407
83$47,578,275$5,686,488$2,588,282$36,211,366
84$52,351,845$5,885,712$2,595,576$39,728,345
85$57,609,818$6,092,197$2,600,612$43,598,942
86$63,401,524$6,306,219$2,603,237$47,859,077
87$69,781,322$6,528,066$2,603,288$52,548,327
88$76,809,114$6,758,038$2,600,595$57,710,305
89$84,550,908$6,996,448$2,594,980$63,393,064
90$93,079,445$7,243,618$2,586,256$69,649,555
91$102,474,879$7,499,886$2,574,227$76,538,127
92$112,825,540$7,765,603$2,558,686$84,123,071
93$124,228,762$8,041,134$2,539,419$92,475,233
94$136,791,805$8,326,860$2,516,199$101,672,680
95$150,632,868$8,623,175$2,488,791$111,801,434
96$165,882,201$8,930,490$2,456,945$122,956,287
97$182,683,336$9,249,235$2,420,404$135,241,693
98$201,194,444$9,579,855$2,378,894$148,772,754
99$221,589,822$9,922,813$2,332,133$163,676,304
100$244,061,546$10,278,593$2,279,821$180,092,112