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%19.6%
1 years$132,952$131,768$130,613$129,485$128,384$123,436
2 years$65,818$64,592$63,404$62,252$61,135$56,210
3 years$43,443$42,212$41,027$39,886$38,787$34,038
4 years$32,257$31,030$29,857$28,735$27,663$23,128
5 years$25,548$24,328$23,170$22,072$21,029$16,718
6 years$21,076$19,866$18,725$17,651$16,639$12,557
7 years$17,884$16,683$15,561$14,512$13,532$9,676
8 years$15,490$14,300$13,197$12,173$11,226$7,593
9 years$13,630$12,451$11,366$10,369$9,454$6,038
10 years$12,142$10,975$9,909$8,938$8,055$4,850
11 years$10,926$9,770$8,724$7,779$6,928$3,926
12 years$9,913$8,769$7,742$6,823$6,004$3,198
13 years$9,056$7,925$6,917$6,024$5,235$2,617
14 years$8,323$7,204$6,215$5,347$4,589$2,150
15 years$7,688$6,581$5,611$4,769$4,041$1,772
16 years$7,133$6,038$5,088$4,270$3,571$1,464
17 years$6,644$5,560$4,630$3,837$3,166$1,212
18 years$6,209$5,138$4,226$3,458$2,815$1,005
19 years$5,821$4,762$3,869$3,124$2,509$835
20 years$5,472$4,425$3,551$2,830$2,242$694
21 years$5,157$4,122$3,266$2,568$2,006$578
22 years$4,870$3,847$3,010$2,335$1,798$481
23 years$4,609$3,598$2,779$2,126$1,614$401
24 years$4,370$3,372$2,570$1,939$1,451$334
25 years$4,151$3,164$2,381$1,771$1,305$279
26 years$3,949$2,974$2,208$1,619$1,176$233
27 years$3,762$2,799$2,050$1,482$1,060$194
28 years$3,588$2,637$1,906$1,358$957$162
29 years$3,427$2,488$1,774$1,245$864$135
30 years$3,277$2,349$1,652$1,143$780$113
31 years$3,137$2,221$1,540$1,050$706$95
32 years$3,006$2,102$1,437$965$638$79
33 years$2,883$1,990$1,342$887$578$66
34 years$2,768$1,886$1,254$816$523$55
35 years$2,659$1,789$1,172$751$474$46
36 years$2,557$1,698$1,096$692$429$39
37 years$2,461$1,613$1,026$638$389$32
38 years$2,369$1,533$961$588$353$27
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$13
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$6
47 years$1,731$991$542$286$147$5
48 years$1,675$946$509$264$134$4
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 $3,682 every year, while hoping to spend $54,901 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: 44/48/8 Blend
46$1,610,000$1,610,000$1,610,000$1,610,000
47$1,778,018$1,692,688$1,667,733$1,852,046
48$1,900,962$1,717,215$1,665,188$1,928,220
49$2,034,605$1,741,105$1,660,717$2,004,811
50$2,179,983$1,764,267$1,654,199$2,086,561
51$2,338,231$1,786,606$1,645,505$2,173,960
52$2,510,601$1,808,020$1,634,499$2,267,555
53$2,698,470$1,828,400$1,621,043$2,367,946
54$2,903,352$1,847,630$1,604,986$2,475,798
55$3,126,916$1,865,586$1,586,175$2,591,843
56$3,370,998$1,882,136$1,564,448$2,716,893
57$3,637,618$1,897,139$1,539,635$2,851,841
58$3,929,000$1,910,444$1,511,558$2,997,678
59$4,247,594$1,921,892$1,480,032$3,155,494
60$4,596,097$1,931,313$1,444,861$3,326,495
61$4,977,477$1,938,525$1,405,842$3,512,014
62$5,395,004$1,943,338$1,362,763$3,713,522
63$5,852,279$1,945,545$1,315,399$3,932,643
64$6,353,266$1,944,931$1,263,519$4,171,171
65$6,902,330$1,941,265$1,206,879$4,431,087
66$7,504,282$1,934,301$1,145,224$4,714,579
67$8,164,418$1,923,780$1,078,287$5,024,062
68$8,888,570$1,909,427$1,005,792$5,362,204
69$9,683,164$1,890,949$927,446$5,731,948
70$10,555,278$1,868,037$842,946$6,136,546
71$11,512,707$1,840,361$751,975$6,579,586
72$12,564,038$1,807,574$654,202$7,065,030
73$13,718,732$1,769,307$549,279$7,597,250
74$14,987,209$1,725,169$436,847$8,181,074
75$16,380,950$1,674,748$316,526$8,821,827
76$17,912,601$1,617,605$187,924$9,525,391
77$19,596,096$1,553,277$50,629$10,298,253
78$21,446,784$1,481,274$0$11,147,575
79$23,481,576$1,401,077$0$12,089,445
80$25,719,105$1,312,137$0$13,129,539
81$28,179,898$1,213,876$0$14,273,194
82$30,886,570$1,105,679$0$15,531,067
83$33,864,042$986,899$0$16,914,914
84$37,139,768$856,850$0$18,437,702
85$40,743,998$714,810$0$20,113,736
86$44,710,062$560,012$0$21,958,790
87$49,074,686$391,650$0$23,990,266
88$53,878,333$208,870$0$26,227,354
89$59,165,590$10,772$0$28,691,219
90$64,985,586$0$0$31,405,204
91$71,392,451$0$0$34,502,588
92$78,445,834$0$0$37,919,036
93$86,211,460$0$0$41,680,722
94$94,761,751$0$0$45,822,760
95$104,176,508$0$0$50,383,840
96$114,543,666$0$0$55,406,596
97$125,960,120$0$0$60,938,006
98$138,532,641$0$0$67,029,838
99$152,378,885$0$0$73,739,135
100$167,628,497$0$0$81,128,758