Can I retire at age 47 with 1,630,000?

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 $1,630,000?

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$134,604$133,405$132,235$131,093$129,978$125,617
2 years$66,636$65,395$64,192$63,026$61,895$57,543
3 years$43,982$42,736$41,536$40,381$39,268$35,064
4 years$32,658$31,416$30,228$29,092$28,007$23,981
5 years$25,865$24,630$23,458$22,346$21,290$17,455
6 years$21,338$20,112$18,958$17,870$16,846$13,204
7 years$18,106$16,890$15,754$14,692$13,700$10,251
8 years$15,683$14,478$13,361$12,325$11,366$8,106
9 years$13,799$12,606$11,507$10,498$9,572$6,497
10 years$12,293$11,111$10,032$9,049$8,156$5,262
11 years$11,061$9,892$8,832$7,876$7,014$4,296
12 years$10,036$8,878$7,839$6,908$6,078$3,530
13 years$9,169$8,023$7,003$6,099$5,300$2,914
14 years$8,426$7,293$6,292$5,414$4,646$2,416
15 years$7,784$6,662$5,681$4,828$4,091$2,010
16 years$7,222$6,113$5,151$4,323$3,616$1,676
17 years$6,726$5,629$4,687$3,884$3,206$1,401
18 years$6,286$5,202$4,279$3,500$2,850$1,173
19 years$5,893$4,821$3,917$3,163$2,541$984
20 years$5,540$4,480$3,595$2,865$2,269$826
21 years$5,221$4,173$3,306$2,600$2,031$695
22 years$4,931$3,895$3,047$2,364$1,820$584
23 years$4,666$3,643$2,814$2,153$1,634$492
24 years$4,425$3,413$2,602$1,964$1,469$415
25 years$4,202$3,203$2,410$1,793$1,322$349
26 years$3,998$3,011$2,235$1,640$1,190$295
27 years$3,808$2,833$2,076$1,501$1,073$249
28 years$3,633$2,670$1,930$1,375$968$210
29 years$3,470$2,519$1,796$1,261$875$177
30 years$3,318$2,379$1,673$1,157$790$150
31 years$3,176$2,249$1,559$1,063$714$126
32 years$3,043$2,128$1,455$977$646$107
33 years$2,919$2,015$1,358$898$585$90
34 years$2,802$1,910$1,269$826$529$76
35 years$2,692$1,811$1,187$761$480$64
36 years$2,589$1,719$1,110$701$435$54
37 years$2,491$1,633$1,039$646$394$46
38 years$2,399$1,552$973$595$357$39
39 years$2,311$1,476$912$549$324$33
40 years$2,228$1,404$854$506$294$28
41 years$2,150$1,336$801$467$266$23
42 years$2,075$1,273$752$431$242$20
43 years$2,004$1,213$705$398$219$17
44 years$1,937$1,156$662$367$199$14
45 years$1,872$1,102$622$339$181$12
46 years$1,811$1,052$584$313$164$10
47 years$1,752$1,003$548$289$149$9
48 years$1,696$958$515$267$135$7
49 years$1,643$915$484$247$123$6
50 years$1,591$874$455$228$112$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,630,000, adding $4,354 every year, while hoping to spend $27,997 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: 64/27/9 Blend
46$1,630,000$1,630,000$1,630,000$1,630,000
47$1,800,751$1,714,361$1,689,096$1,912,337
48$1,954,639$1,768,576$1,715,892$2,041,514
49$2,123,285$1,824,510$1,742,648$2,178,864
50$2,308,166$1,882,216$1,769,332$2,328,161
51$2,510,905$1,941,751$1,795,911$2,490,565
52$2,733,295$2,003,174$1,822,351$2,667,352
53$2,977,305$2,066,544$1,848,614$2,859,926
54$3,245,110$2,131,924$1,874,662$3,069,832
55$3,539,099$2,199,377$1,900,452$3,298,773
56$3,861,910$2,268,969$1,925,940$3,548,622
57$4,216,445$2,340,768$1,951,079$3,821,441
58$4,605,903$2,414,846$1,975,820$4,119,500
59$5,033,805$2,491,274$2,000,110$4,445,302
60$5,504,033$2,570,126$2,023,894$4,801,598
61$6,020,864$2,651,482$2,047,114$5,191,421
62$6,589,007$2,735,419$2,069,707$5,618,110
63$7,213,651$2,822,021$2,091,608$6,085,343
64$7,900,516$2,911,372$2,112,749$6,597,170
65$8,655,899$3,003,559$2,133,057$7,158,052
66$9,486,742$3,098,675$2,152,455$7,772,902
67$10,400,691$3,196,811$2,170,863$8,447,133
68$11,406,171$3,298,064$2,188,197$9,186,706
69$12,512,465$3,402,534$2,204,366$9,998,188
70$13,729,801$3,510,323$2,219,277$10,888,814
71$15,069,450$3,621,538$2,232,832$11,866,553
72$16,543,827$3,736,287$2,244,925$12,940,183
73$18,166,616$3,854,683$2,255,449$14,119,377
74$19,952,892$3,976,844$2,264,287$15,414,789
75$21,919,266$4,102,888$2,271,320$16,838,159
76$24,084,043$4,232,941$2,276,421$18,402,418
77$26,467,390$4,367,131$2,279,456$20,121,817
78$29,091,533$4,505,589$2,280,287$22,012,053
79$31,980,959$4,648,452$2,278,766$24,090,423
80$35,162,652$4,795,862$2,274,740$26,375,984
81$38,666,346$4,947,963$2,268,047$28,889,732
82$42,524,806$5,104,905$2,258,519$31,654,805
83$46,774,135$5,266,845$2,245,979$34,696,691
84$51,454,118$5,433,941$2,230,240$38,043,478
85$56,608,593$5,606,359$2,211,108$41,726,114
86$62,285,868$5,784,269$2,188,379$45,778,699
87$68,539,176$5,967,848$2,161,839$50,238,807
88$75,427,176$6,157,277$2,131,265$55,147,841
89$83,014,508$6,352,744$2,096,422$60,551,420
90$91,372,401$6,554,441$2,057,066$66,499,813
91$100,579,347$6,762,570$2,012,939$73,048,414
92$110,721,841$6,977,337$1,963,773$80,258,257
93$121,895,197$7,198,954$1,909,287$88,196,602
94$134,204,446$7,427,642$1,849,187$96,937,559
95$147,765,331$7,663,628$1,783,166$106,562,796
96$162,705,395$7,907,146$1,710,902$117,162,303
97$179,165,187$8,158,438$1,632,060$128,835,244
98$197,299,590$8,417,755$1,546,287$141,690,893
99$217,279,277$8,685,354$1,453,217$155,849,663
100$239,292,329$8,961,502$1,352,466$171,444,243