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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$132,952$131,768$130,613$129,485$128,384$125,077
2 years$65,818$64,592$63,404$62,252$61,135$57,826
3 years$43,443$42,212$41,027$39,886$38,787$35,578
4 years$32,257$31,030$29,857$28,735$27,663$24,580
5 years$25,548$24,328$23,170$22,072$21,029$18,080
6 years$21,076$19,866$18,725$17,651$16,639$13,827
7 years$17,884$16,683$15,561$14,512$13,532$10,857
8 years$15,490$14,300$13,197$12,173$11,226$8,687
9 years$13,630$12,451$11,366$10,369$9,454$7,049
10 years$12,142$10,975$9,909$8,938$8,055$5,781
11 years$10,926$9,770$8,724$7,779$6,928$4,780
12 years$9,913$8,769$7,742$6,823$6,004$3,980
13 years$9,056$7,925$6,917$6,024$5,235$3,331
14 years$8,323$7,204$6,215$5,347$4,589$2,800
15 years$7,688$6,581$5,611$4,769$4,041$2,362
16 years$7,133$6,038$5,088$4,270$3,571$1,998
17 years$6,644$5,560$4,630$3,837$3,166$1,695
18 years$6,209$5,138$4,226$3,458$2,815$1,441
19 years$5,821$4,762$3,869$3,124$2,509$1,227
20 years$5,472$4,425$3,551$2,830$2,242$1,046
21 years$5,157$4,122$3,266$2,568$2,006$893
22 years$4,870$3,847$3,010$2,335$1,798$763
23 years$4,609$3,598$2,779$2,126$1,614$653
24 years$4,370$3,372$2,570$1,939$1,451$559
25 years$4,151$3,164$2,381$1,771$1,305$479
26 years$3,949$2,974$2,208$1,619$1,176$410
27 years$3,762$2,799$2,050$1,482$1,060$352
28 years$3,588$2,637$1,906$1,358$957$302
29 years$3,427$2,488$1,774$1,245$864$259
30 years$3,277$2,349$1,652$1,143$780$222
31 years$3,137$2,221$1,540$1,050$706$191
32 years$3,006$2,102$1,437$965$638$164
33 years$2,883$1,990$1,342$887$578$141
34 years$2,768$1,886$1,254$816$523$121
35 years$2,659$1,789$1,172$751$474$104
36 years$2,557$1,698$1,096$692$429$89
37 years$2,461$1,613$1,026$638$389$77
38 years$2,369$1,533$961$588$353$66
39 years$2,283$1,457$900$542$320$57
40 years$2,201$1,387$844$500$290$49
41 years$2,123$1,320$791$461$263$42
42 years$2,050$1,257$742$426$239$36
43 years$1,980$1,198$697$393$217$31
44 years$1,913$1,142$654$363$197$27
45 years$1,849$1,089$614$335$179$23
46 years$1,789$1,039$577$309$162$20
47 years$1,731$991$542$286$147$17
48 years$1,675$946$509$264$134$15
49 years$1,623$904$479$244$121$12
50 years$1,572$863$450$226$110$11

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 $4,759 every year, while hoping to spend $49,057 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: 67/8/25 Blend
46$1,610,000$1,610,000$1,610,000$1,610,000
47$1,779,129$1,693,799$1,668,844$1,886,537
48$1,908,404$1,724,599$1,672,554$1,990,134
49$2,049,221$1,755,264$1,674,744$2,097,377
50$2,202,705$1,785,735$1,675,312$2,213,541
51$2,370,095$1,815,950$1,674,149$2,339,508
52$2,552,754$1,845,842$1,671,142$2,476,250
53$2,752,183$1,875,336$1,666,174$2,624,838
54$2,970,034$1,904,356$1,659,119$2,786,453
55$3,208,126$1,932,817$1,649,847$2,962,398
56$3,468,459$1,960,630$1,638,222$3,154,108
57$3,753,240$1,987,699$1,624,101$3,363,166
58$4,064,895$2,013,921$1,607,332$3,591,317
59$4,406,097$2,039,185$1,587,760$3,840,483
60$4,779,788$2,063,375$1,565,220$4,112,787
61$5,189,211$2,086,364$1,539,539$4,410,567
62$5,637,933$2,108,020$1,510,537$4,736,399
63$6,129,888$2,128,198$1,478,025$5,093,126
64$6,669,404$2,146,747$1,441,806$5,483,882
65$7,261,249$2,163,504$1,401,673$5,912,120
66$7,910,678$2,178,296$1,357,410$6,381,649
67$8,623,474$2,190,941$1,308,791$6,896,666
68$9,406,012$2,201,240$1,255,579$7,461,800
69$10,265,312$2,208,987$1,197,527$8,082,153
70$11,209,107$2,213,960$1,134,377$8,763,349
71$12,245,915$2,215,924$1,065,859$9,511,590
72$13,385,123$2,214,629$991,689$10,333,711
73$14,637,069$2,209,809$911,574$11,237,248
74$16,013,144$2,201,183$825,205$12,230,507
75$17,525,895$2,188,452$732,260$13,322,646
76$19,189,148$2,171,298$632,403$14,523,758
77$21,018,135$2,149,386$525,283$15,844,972
78$23,029,637$2,122,358$410,532$17,298,554
79$25,242,144$2,089,837$287,768$18,898,024
80$27,676,026$2,051,422$156,592$20,658,286
81$30,353,727$2,006,689$16,585$22,595,770
82$33,299,980$1,955,189$0$24,728,584
83$36,542,030$1,896,445$0$27,112,123
84$40,109,901$1,829,955$0$29,739,979
85$44,036,673$1,755,185$0$32,632,105
86$48,358,796$1,671,572$0$35,815,364
87$53,116,433$1,578,519$0$39,319,359
88$58,353,838$1,475,395$0$43,176,711
89$64,119,773$1,361,533$0$47,423,366
90$70,467,970$1,236,227$0$52,098,935
91$77,457,634$1,098,733$0$57,247,070
92$85,154,004$948,263$0$62,915,872
93$93,628,969$783,984$0$69,158,347
94$102,961,741$605,017$0$76,032,907
95$113,239,609$410,433$0$83,603,922
96$124,558,756$199,251$0$91,942,323
97$137,025,170$0$0$101,126,278
98$150,755,644$0$0$111,244,529
99$165,878,873$0$0$122,408,586
100$182,536,676$0$0$134,705,616