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%18.3%
1 years$133,778$132,586$131,424$130,289$129,181$124,846
2 years$66,227$64,993$63,798$62,639$61,515$57,190
3 years$43,713$42,474$41,282$40,133$39,028$34,849
4 years$32,458$31,223$30,042$28,914$27,835$23,834
5 years$25,707$24,479$23,314$22,209$21,160$17,348
6 years$21,207$19,989$18,841$17,760$16,743$13,123
7 years$17,995$16,787$15,657$14,602$13,616$10,188
8 years$15,586$14,389$13,279$12,249$11,296$8,056
9 years$13,714$12,528$11,437$10,434$9,513$6,458
10 years$12,217$11,043$9,971$8,994$8,106$5,230
11 years$10,994$9,831$8,778$7,827$6,971$4,270
12 years$9,974$8,824$7,790$6,866$6,041$3,508
13 years$9,113$7,974$6,960$6,061$5,268$2,896
14 years$8,375$7,248$6,254$5,381$4,618$2,401
15 years$7,736$6,622$5,646$4,798$4,066$1,997
16 years$7,177$6,075$5,119$4,297$3,593$1,666
17 years$6,685$5,595$4,658$3,860$3,186$1,392
18 years$6,248$5,170$4,252$3,479$2,833$1,166
19 years$5,857$4,791$3,893$3,144$2,525$978
20 years$5,506$4,452$3,573$2,847$2,255$821
21 years$5,189$4,147$3,286$2,584$2,018$690
22 years$4,900$3,871$3,029$2,349$1,809$581
23 years$4,638$3,621$2,797$2,140$1,624$489
24 years$4,397$3,392$2,586$1,951$1,460$412
25 years$4,177$3,184$2,395$1,782$1,314$347
26 years$3,973$2,992$2,222$1,630$1,183$293
27 years$3,785$2,816$2,063$1,492$1,067$247
28 years$3,611$2,653$1,918$1,367$963$209
29 years$3,449$2,503$1,785$1,253$869$176
30 years$3,298$2,364$1,662$1,150$785$149
31 years$3,157$2,235$1,550$1,056$710$126
32 years$3,025$2,115$1,446$971$642$106
33 years$2,901$2,003$1,350$893$581$90
34 years$2,785$1,898$1,261$821$526$76
35 years$2,676$1,800$1,179$756$477$64
36 years$2,573$1,709$1,103$696$432$54
37 years$2,476$1,623$1,033$642$391$46
38 years$2,384$1,542$967$591$355$39
39 years$2,297$1,467$906$545$322$33
40 years$2,215$1,395$849$503$292$28
41 years$2,137$1,328$796$464$265$23
42 years$2,062$1,265$747$428$240$20
43 years$1,992$1,205$701$395$218$17
44 years$1,925$1,149$658$365$198$14
45 years$1,861$1,095$618$337$180$12
46 years$1,800$1,045$580$311$163$10
47 years$1,742$997$545$288$148$8
48 years$1,686$952$512$266$135$7
49 years$1,633$909$481$246$122$6
50 years$1,582$868$453$227$111$5

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 $4,830 every year, while hoping to spend $25,409 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: 57/37/6 Blend
46$1,620,000$1,620,000$1,620,000$1,620,000
47$1,790,222$1,704,362$1,679,252$1,889,765
48$1,945,790$1,760,841$1,708,472$2,013,722
49$2,116,374$1,819,236$1,737,819$2,145,424
50$2,303,479$1,879,613$1,767,271$2,288,282
51$2,508,763$1,942,043$1,796,804$2,443,362
52$2,734,051$2,006,597$1,826,391$2,611,838
53$2,981,354$2,073,351$1,856,005$2,795,000
54$3,252,888$2,142,381$1,885,617$2,994,267
55$3,551,092$2,213,767$1,915,195$3,211,203
56$3,878,656$2,287,594$1,944,706$3,447,526
57$4,238,539$2,363,946$1,974,114$3,705,127
58$4,634,005$2,442,914$2,003,382$3,986,088
59$5,068,647$2,524,591$2,032,468$4,292,699
60$5,546,424$2,609,071$2,061,332$4,627,483
61$6,071,699$2,696,455$2,089,926$4,993,216
62$6,649,278$2,786,847$2,118,204$5,392,953
63$7,284,455$2,880,354$2,146,115$5,830,060
64$7,983,065$2,977,086$2,173,605$6,308,240
65$8,751,533$3,077,159$2,200,616$6,831,572
66$9,596,943$3,180,693$2,227,090$7,404,546
67$10,527,096$3,287,812$2,252,963$8,032,110
68$11,550,589$3,398,645$2,278,167$8,719,707
69$12,676,896$3,513,324$2,302,632$9,473,337
70$13,916,452$3,631,990$2,326,283$10,299,604
71$15,280,758$3,754,786$2,349,041$11,205,783
72$16,782,486$3,881,860$2,370,824$12,199,887
73$18,435,597$4,013,369$2,391,544$13,290,740
74$20,255,476$4,149,472$2,411,109$14,488,062
75$22,259,076$4,290,338$2,429,423$15,802,562
76$24,465,075$4,436,138$2,446,382$17,246,034
77$26,894,056$4,587,052$2,461,880$18,831,469
78$29,568,701$4,743,269$2,475,803$20,573,179
79$32,514,000$4,904,980$2,488,034$22,486,932
80$35,757,492$5,072,388$2,498,447$24,590,095
81$39,329,523$5,245,702$2,506,912$26,901,803
82$43,263,531$5,425,138$2,513,290$29,443,137
83$47,596,363$5,610,922$2,517,438$32,237,319
84$52,368,623$5,803,288$2,519,202$35,309,936
85$57,625,052$6,002,479$2,518,426$38,689,177
86$63,414,954$6,208,747$2,514,940$42,406,099
87$69,792,659$6,422,356$2,508,570$46,494,920
88$76,818,035$6,643,576$2,499,132$50,993,340
89$84,557,056$6,872,692$2,486,433$55,942,898
90$93,082,419$7,109,997$2,470,272$61,389,361
91$102,474,236$7,355,797$2,450,437$67,383,155
92$112,820,787$7,610,410$2,426,705$73,979,841
93$124,219,353$7,874,166$2,398,846$81,240,641
94$136,777,134$8,147,407$2,366,614$89,233,010
95$150,612,262$8,430,491$2,329,756$98,031,272
96$165,854,915$8,723,787$2,288,005$107,717,327
97$182,648,545$9,027,681$2,241,082$118,381,413
98$201,151,232$9,342,573$2,188,694$130,122,967
99$221,537,179$9,668,880$2,130,536$143,051,553
100$243,998,350$10,007,035$2,066,288$157,287,901