Can I retire at age 47 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$136,255$135,042$133,858$132,702$131,573$126,403
2 years$67,453$66,197$64,979$63,799$62,654$57,508
3 years$44,522$43,260$42,046$40,877$39,750$34,791
4 years$33,059$31,801$30,599$29,449$28,350$23,615
5 years$26,183$24,932$23,746$22,620$21,551$17,053
6 years$21,600$20,359$19,190$18,089$17,053$12,794
7 years$18,328$17,098$15,947$14,872$13,869$9,847
8 years$15,875$14,656$13,524$12,476$11,505$7,718
9 years$13,968$12,761$11,649$10,627$9,689$6,130
10 years$12,444$11,248$10,156$9,160$8,256$4,918
11 years$11,197$10,013$8,941$7,972$7,100$3,976
12 years$10,159$8,987$7,935$6,993$6,153$3,234
13 years$9,281$8,122$7,089$6,174$5,365$2,643
14 years$8,530$7,383$6,370$5,480$4,703$2,168
15 years$7,879$6,744$5,751$4,887$4,141$1,784
16 years$7,310$6,188$5,214$4,376$3,660$1,472
17 years$6,809$5,699$4,745$3,932$3,245$1,217
18 years$6,363$5,266$4,331$3,543$2,885$1,008
19 years$5,966$4,880$3,965$3,202$2,572$836
20 years$5,608$4,535$3,639$2,900$2,297$694
21 years$5,285$4,224$3,347$2,632$2,056$576
22 years$4,991$3,943$3,085$2,393$1,843$479
23 years$4,724$3,688$2,848$2,179$1,654$399
24 years$4,479$3,455$2,634$1,988$1,487$332
25 years$4,254$3,243$2,440$1,815$1,338$277
26 years$4,047$3,048$2,263$1,660$1,205$230
27 years$3,855$2,868$2,101$1,519$1,086$192
28 years$3,677$2,703$1,953$1,392$980$160
29 years$3,512$2,550$1,818$1,276$885$134
30 years$3,359$2,408$1,693$1,171$800$111
31 years$3,215$2,276$1,578$1,076$723$93
32 years$3,081$2,154$1,473$989$654$77
33 years$2,955$2,040$1,375$909$592$65
34 years$2,837$1,933$1,285$837$536$54
35 years$2,725$1,834$1,201$770$485$45
36 years$2,621$1,740$1,124$709$440$38
37 years$2,522$1,653$1,052$653$399$31
38 years$2,428$1,571$985$602$361$26
39 years$2,340$1,494$923$555$328$22
40 years$2,256$1,421$865$512$297$18
41 years$2,176$1,353$811$473$270$15
42 years$2,101$1,288$761$436$245$13
43 years$2,029$1,228$714$403$222$11
44 years$1,960$1,170$670$372$202$9
45 years$1,895$1,116$629$343$183$7
46 years$1,833$1,064$591$317$166$6
47 years$1,774$1,016$555$293$151$5
48 years$1,717$970$522$271$137$4
49 years$1,663$926$490$250$124$4
50 years$1,611$885$461$231$113$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,650,000, adding $2,972 every year, while hoping to spend $29,931 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: 41/44/15 Blend
46$1,650,000$1,650,000$1,650,000$1,650,000
47$1,821,366$1,733,916$1,708,341$1,887,861
48$1,975,299$1,787,031$1,733,724$1,988,250
49$2,143,929$1,841,746$1,758,954$2,093,675
50$2,328,726$1,898,107$1,783,995$2,207,137
51$2,531,304$1,956,163$1,808,807$2,329,382
52$2,753,445$2,015,962$1,833,349$2,461,230
53$2,997,108$2,077,556$1,857,578$2,603,585
54$3,264,453$2,140,997$1,881,447$2,757,439
55$3,557,860$2,206,338$1,904,908$2,923,884
56$3,879,947$2,273,634$1,927,908$3,104,122
57$4,233,601$2,342,942$1,950,393$3,299,474
58$4,622,002$2,414,320$1,972,305$3,511,394
59$5,048,653$2,487,827$1,993,583$3,741,483
60$5,517,410$2,563,526$2,014,162$3,991,503
61$6,032,525$2,641,478$2,033,976$4,263,393
62$6,598,681$2,721,748$2,052,953$4,559,288
63$7,221,036$2,804,403$2,071,016$4,881,537
64$7,905,273$2,889,511$2,088,087$5,232,727
65$8,657,656$2,977,142$2,104,082$5,615,708
66$9,485,081$3,067,367$2,118,914$6,033,615
67$10,395,151$3,160,259$2,132,489$6,489,903
68$11,396,240$3,255,895$2,144,711$6,988,375
69$12,497,575$3,354,352$2,155,477$7,533,220
70$13,709,321$3,455,709$2,164,679$8,129,052
71$15,042,681$3,560,048$2,172,205$8,780,952
72$16,509,996$3,667,452$2,177,936$9,494,516
73$18,124,866$3,778,008$2,181,747$10,275,910
74$19,902,275$3,891,802$2,183,507$11,131,923
75$21,858,732$4,008,926$2,183,080$12,070,037
76$24,012,430$4,129,471$2,180,321$13,098,490
77$26,383,415$4,253,532$2,175,079$14,226,361
78$28,993,775$4,381,206$2,167,195$15,463,650
79$31,867,847$4,512,592$2,156,503$16,821,372
80$35,032,451$4,647,793$2,142,830$18,311,667
81$38,517,139$4,786,913$2,125,992$19,947,905
82$42,354,473$4,930,057$2,105,799$21,744,820
83$46,580,335$5,077,336$2,082,049$23,718,642
84$51,234,265$5,228,862$2,054,534$25,887,257
85$56,359,833$5,384,748$2,023,033$28,270,368
86$62,005,047$5,545,113$1,987,317$30,889,686
87$68,222,814$5,710,075$1,947,144$33,769,132
88$75,071,431$5,879,758$1,902,263$36,935,065
89$82,615,138$6,054,287$1,852,409$40,416,527
90$90,924,725$6,233,791$1,797,308$44,245,519
91$100,078,200$6,418,399$1,736,671$48,457,302
92$110,161,522$6,608,247$1,670,195$53,090,730
93$121,269,417$6,803,470$1,597,566$58,188,616
94$133,506,267$7,004,210$1,518,454$63,798,135
95$146,987,097$7,210,607$1,432,514$69,971,272
96$161,838,663$7,422,809$1,339,385$76,765,308
97$178,200,643$7,640,963$1,238,691$84,243,363
98$196,226,960$7,865,222$1,130,038$92,474,992
99$216,087,232$8,095,739$1,013,016$101,536,840
100$237,968,373$8,332,674$887,195$111,513,364