Can I retire at age 47 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$133,778$132,586$131,424$130,289$129,181$124,056
2 years$66,227$64,993$63,798$62,639$61,515$56,415
3 years$43,713$42,474$41,282$40,133$39,028$34,113
4 years$32,458$31,223$30,042$28,914$27,835$23,143
5 years$25,707$24,479$23,314$22,209$21,160$16,703
6 years$21,207$19,989$18,841$17,760$16,743$12,525
7 years$17,995$16,787$15,657$14,602$13,616$9,635
8 years$15,586$14,389$13,279$12,249$11,296$7,547
9 years$13,714$12,528$11,437$10,434$9,513$5,990
10 years$12,217$11,043$9,971$8,994$8,106$4,803
11 years$10,994$9,831$8,778$7,827$6,971$3,880
12 years$9,974$8,824$7,790$6,866$6,041$3,154
13 years$9,113$7,974$6,960$6,061$5,268$2,576
14 years$8,375$7,248$6,254$5,381$4,618$2,112
15 years$7,736$6,622$5,646$4,798$4,066$1,737
16 years$7,177$6,075$5,119$4,297$3,593$1,432
17 years$6,685$5,595$4,658$3,860$3,186$1,183
18 years$6,248$5,170$4,252$3,479$2,833$979
19 years$5,857$4,791$3,893$3,144$2,525$811
20 years$5,506$4,452$3,573$2,847$2,255$673
21 years$5,189$4,147$3,286$2,584$2,018$558
22 years$4,900$3,871$3,029$2,349$1,809$464
23 years$4,638$3,621$2,797$2,140$1,624$386
24 years$4,397$3,392$2,586$1,951$1,460$321
25 years$4,177$3,184$2,395$1,782$1,314$267
26 years$3,973$2,992$2,222$1,630$1,183$222
27 years$3,785$2,816$2,063$1,492$1,067$185
28 years$3,611$2,653$1,918$1,367$963$154
29 years$3,449$2,503$1,785$1,253$869$129
30 years$3,298$2,364$1,662$1,150$785$107
31 years$3,157$2,235$1,550$1,056$710$89
32 years$3,025$2,115$1,446$971$642$74
33 years$2,901$2,003$1,350$893$581$62
34 years$2,785$1,898$1,261$821$526$52
35 years$2,676$1,800$1,179$756$477$43
36 years$2,573$1,709$1,103$696$432$36
37 years$2,476$1,623$1,033$642$391$30
38 years$2,384$1,542$967$591$355$25
39 years$2,297$1,467$906$545$322$21
40 years$2,215$1,395$849$503$292$17
41 years$2,137$1,328$796$464$265$14
42 years$2,062$1,265$747$428$240$12
43 years$1,992$1,205$701$395$218$10
44 years$1,925$1,149$658$365$198$8
45 years$1,861$1,095$618$337$180$7
46 years$1,800$1,045$580$311$163$6
47 years$1,742$997$545$288$148$5
48 years$1,686$952$512$266$135$4
49 years$1,633$909$481$246$122$3
50 years$1,582$868$453$227$111$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,620,000, adding $5,130 every year, while hoping to spend $32,968 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: 54/34/12 Blend
46$1,620,000$1,620,000$1,620,000$1,620,000
47$1,790,532$1,704,672$1,679,562$1,881,396
48$1,938,088$1,753,123$1,700,749$1,992,171
49$2,099,590$1,802,843$1,721,542$2,108,673
50$2,276,426$1,853,860$1,741,891$2,234,710
51$2,470,124$1,906,201$1,761,746$2,371,195
52$2,682,366$1,959,894$1,781,054$2,519,133
53$2,915,005$2,014,967$1,799,758$2,679,629
54$3,170,084$2,071,449$1,817,798$2,853,901
55$3,449,850$2,129,367$1,835,111$3,043,289
56$3,756,779$2,188,750$1,851,631$3,249,269
57$4,093,598$2,249,627$1,867,289$3,473,465
58$4,463,313$2,312,027$1,882,011$3,717,666
59$4,869,231$2,375,977$1,895,719$3,983,843
60$5,314,999$2,441,506$1,908,332$4,274,164
61$5,804,633$2,508,643$1,919,765$4,591,020
62$6,342,555$2,577,416$1,929,927$4,937,041
63$6,933,640$2,647,854$1,938,723$5,315,126
64$7,583,255$2,719,983$1,946,055$5,728,468
65$8,297,317$2,793,832$1,951,818$6,180,583
66$9,082,341$2,869,428$1,955,901$6,675,345
67$9,945,507$2,946,796$1,958,190$7,217,022
68$10,894,723$3,025,964$1,958,564$7,810,315
69$11,938,705$3,106,956$1,956,897$8,460,403
70$13,087,054$3,189,798$1,953,053$9,172,993
71$14,350,348$3,274,513$1,946,896$9,954,370
72$15,740,243$3,361,124$1,938,276$10,811,462
73$17,269,582$3,449,653$1,927,042$11,751,898
74$18,952,514$3,540,121$1,913,033$12,784,088
75$20,804,630$3,632,546$1,896,079$13,917,295
76$22,843,110$3,726,948$1,876,005$15,161,726
77$25,086,881$3,823,342$1,852,625$16,528,629
78$27,556,800$3,921,744$1,825,746$18,030,397
79$30,275,850$4,022,165$1,795,165$19,680,685
80$33,269,353$4,124,618$1,760,669$21,494,540
81$36,565,212$4,229,109$1,722,036$23,488,543
82$40,194,174$4,335,646$1,679,035$25,680,963
83$44,190,118$4,444,231$1,631,421$28,091,932
84$48,590,377$4,554,865$1,578,941$30,743,637
85$53,436,088$4,667,546$1,521,327$33,660,521
86$58,772,580$4,782,267$1,458,303$36,869,525
87$64,649,804$4,899,019$1,389,577$40,400,333
88$71,122,801$5,017,788$1,314,845$44,285,656
89$78,252,223$5,138,556$1,233,788$48,561,542
90$86,104,905$5,261,301$1,146,076$53,267,715
91$94,754,497$5,385,995$1,051,360$58,447,949
92$104,282,153$5,512,607$949,279$64,150,482
93$114,777,306$5,641,097$839,453$70,428,471
94$126,338,502$5,771,423$721,486$77,340,498
95$139,074,339$5,903,532$594,965$84,951,116
96$153,104,485$6,037,368$459,460$93,331,463
97$168,560,809$6,172,866$314,519$102,559,934
98$185,588,628$6,309,953$159,671$112,722,921
99$204,348,075$6,448,547$0$123,915,624
100$225,015,612$6,588,559$0$136,243,674