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

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$136,255$135,042$133,858$132,702$131,573$130,909
2 years$67,453$66,197$64,979$63,799$62,654$61,983
3 years$44,522$43,260$42,046$40,877$39,750$39,094
4 years$33,059$31,801$30,599$29,449$28,350$27,714
5 years$26,183$24,932$23,746$22,620$21,551$20,937
6 years$21,600$20,359$19,190$18,089$17,053$16,460
7 years$18,328$17,098$15,947$14,872$13,869$13,299
8 years$15,875$14,656$13,524$12,476$11,505$10,958
9 years$13,968$12,761$11,649$10,627$9,689$9,165
10 years$12,444$11,248$10,156$9,160$8,256$7,753
11 years$11,197$10,013$8,941$7,972$7,100$6,620
12 years$10,159$8,987$7,935$6,993$6,153$5,694
13 years$9,281$8,122$7,089$6,174$5,365$4,928
14 years$8,530$7,383$6,370$5,480$4,703$4,287
15 years$7,879$6,744$5,751$4,887$4,141$3,745
16 years$7,310$6,188$5,214$4,376$3,660$3,283
17 years$6,809$5,699$4,745$3,932$3,245$2,887
18 years$6,363$5,266$4,331$3,543$2,885$2,546
19 years$5,966$4,880$3,965$3,202$2,572$2,250
20 years$5,608$4,535$3,639$2,900$2,297$1,993
21 years$5,285$4,224$3,347$2,632$2,056$1,768
22 years$4,991$3,943$3,085$2,393$1,843$1,571
23 years$4,724$3,688$2,848$2,179$1,654$1,397
24 years$4,479$3,455$2,634$1,988$1,487$1,245
25 years$4,254$3,243$2,440$1,815$1,338$1,110
26 years$4,047$3,048$2,263$1,660$1,205$990
27 years$3,855$2,868$2,101$1,519$1,086$885
28 years$3,677$2,703$1,953$1,392$980$791
29 years$3,512$2,550$1,818$1,276$885$707
30 years$3,359$2,408$1,693$1,171$800$633
31 years$3,215$2,276$1,578$1,076$723$567
32 years$3,081$2,154$1,473$989$654$508
33 years$2,955$2,040$1,375$909$592$455
34 years$2,837$1,933$1,285$837$536$408
35 years$2,725$1,834$1,201$770$485$366
36 years$2,621$1,740$1,124$709$440$328
37 years$2,522$1,653$1,052$653$399$294
38 years$2,428$1,571$985$602$361$264
39 years$2,340$1,494$923$555$328$237
40 years$2,256$1,421$865$512$297$213
41 years$2,176$1,353$811$473$270$191
42 years$2,101$1,288$761$436$245$172
43 years$2,029$1,228$714$403$222$154
44 years$1,960$1,170$670$372$202$139
45 years$1,895$1,116$629$343$183$124
46 years$1,833$1,064$591$317$166$112
47 years$1,774$1,016$555$293$151$101
48 years$1,717$970$522$271$137$90
49 years$1,663$926$490$250$124$81
50 years$1,611$885$461$231$113$73

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 $6,336 every year, while hoping to spend $30,479 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: 45/45/10 Blend
46$1,650,000$1,650,000$1,650,000$1,650,000
47$1,824,836$1,737,386$1,711,811$1,901,518
48$1,978,539$1,790,088$1,736,727$2,007,972
49$2,146,899$1,844,351$1,761,456$2,119,705
50$2,331,379$1,900,220$1,785,960$2,240,169
51$2,533,588$1,957,739$1,810,198$2,370,179
52$2,755,301$2,016,956$1,834,127$2,510,632
53$2,998,472$2,077,917$1,857,702$2,662,517
54$3,265,255$2,140,673$1,880,873$2,826,918
55$3,558,018$2,205,274$1,903,589$3,005,030
56$3,879,374$2,271,771$1,925,798$3,198,166
57$4,232,200$2,340,217$1,947,441$3,407,772
58$4,619,663$2,410,666$1,968,459$3,635,439
59$5,045,254$2,483,174$1,988,788$3,882,917
60$5,512,819$2,557,799$2,008,362$4,152,135
61$6,026,593$2,634,598$2,027,109$4,445,211
62$6,591,244$2,713,631$2,044,955$4,764,483
63$7,211,911$2,794,960$2,061,822$5,112,519
64$7,894,261$2,878,647$2,077,627$5,492,150
65$8,644,532$2,964,757$2,092,284$5,906,492
66$9,469,600$3,053,356$2,105,701$6,358,977
67$10,377,040$3,144,511$2,117,783$6,853,382
68$11,375,197$3,238,292$2,128,428$7,393,868
69$12,473,267$3,334,767$2,137,530$7,985,018
70$13,681,380$3,434,011$2,144,977$8,631,879
71$15,010,700$3,536,097$2,150,653$9,340,010
72$16,473,526$3,641,101$2,154,435$10,115,531
73$18,083,410$3,749,099$2,156,193$10,965,188
74$19,855,284$3,860,171$2,155,791$11,896,409
75$21,805,601$3,974,397$2,153,088$12,917,375
76$23,952,490$4,091,861$2,147,935$14,037,102
77$26,315,928$4,212,646$2,140,174$15,265,519
78$28,917,925$4,336,838$2,129,643$16,613,565
79$31,782,736$4,464,526$2,116,169$18,093,292
80$34,937,086$4,595,798$2,099,571$19,717,976
81$38,410,424$4,730,747$2,079,661$21,502,246
82$42,235,199$4,869,466$2,056,242$23,462,216
83$46,447,170$5,012,049$2,029,106$25,615,644
84$51,085,736$5,158,595$1,998,037$27,982,090
85$56,194,316$5,309,202$1,962,806$30,583,110
86$61,820,754$5,463,970$1,923,177$33,442,453
87$68,017,768$5,623,002$1,878,901$36,586,284
88$74,843,454$5,786,402$1,829,718$40,043,436
89$82,361,828$5,954,277$1,775,355$43,845,676
90$90,643,433$6,126,735$1,715,527$48,028,010
91$99,766,003$6,303,885$1,649,938$52,629,005
92$109,815,199$6,485,840$1,578,275$57,691,163
93$120,885,415$6,672,711$1,500,212$63,261,313
94$133,080,668$6,864,615$1,415,410$69,391,057
95$146,515,583$7,061,668$1,323,513$76,137,256
96$161,316,470$7,263,987$1,224,149$83,562,564
97$177,622,522$7,471,694$1,116,929$91,736,025
98$195,587,121$7,684,910$1,001,449$100,733,716
99$215,379,294$7,903,756$877,283$110,639,472
100$237,185,300$8,128,358$743,990$121,545,672