Can I retire at age 47 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$137,907$136,679$135,480$134,310$133,168$130,002
2 years$68,271$66,999$65,767$64,572$63,413$60,242
3 years$45,062$43,785$42,556$41,372$40,232$37,154
4 years$33,460$32,186$30,970$29,806$28,694$25,734
5 years$26,500$25,235$24,034$22,894$21,813$18,978
6 years$21,862$20,606$19,423$18,309$17,260$14,554
7 years$18,550$17,305$16,140$15,052$14,037$11,460
8 years$16,068$14,833$13,688$12,627$11,645$9,197
9 years$14,138$12,915$11,790$10,756$9,807$7,485
10 years$12,595$11,384$10,279$9,271$8,356$6,157
11 years$11,333$10,135$9,049$8,069$7,186$5,108
12 years$10,282$9,096$8,031$7,077$6,227$4,266
13 years$9,394$8,220$7,175$6,248$5,430$3,583
14 years$8,633$7,472$6,447$5,547$4,760$3,022
15 years$7,975$6,826$5,821$4,947$4,191$2,558
16 years$7,399$6,263$5,277$4,429$3,704$2,172
17 years$6,891$5,768$4,802$3,980$3,284$1,849
18 years$6,441$5,330$4,384$3,586$2,920$1,578
19 years$6,038$4,939$4,013$3,241$2,603$1,348
20 years$5,676$4,590$3,683$2,935$2,325$1,154
21 years$5,349$4,275$3,388$2,664$2,081$989
22 years$5,052$3,991$3,122$2,422$1,865$848
23 years$4,781$3,733$2,883$2,206$1,674$729
24 years$4,533$3,497$2,666$2,012$1,505$626
25 years$4,306$3,282$2,469$1,837$1,354$538
26 years$4,096$3,084$2,290$1,680$1,220$463
27 years$3,902$2,903$2,127$1,538$1,100$399
28 years$3,722$2,735$1,977$1,409$992$344
29 years$3,555$2,580$1,840$1,292$896$296
30 years$3,399$2,437$1,714$1,186$810$255
31 years$3,254$2,304$1,598$1,089$732$220
32 years$3,118$2,180$1,491$1,001$662$190
33 years$2,991$2,064$1,392$920$599$164
34 years$2,871$1,957$1,300$847$542$141
35 years$2,758$1,856$1,216$779$491$122
36 years$2,652$1,761$1,137$718$445$105
37 years$2,552$1,673$1,065$661$403$91
38 years$2,458$1,590$997$610$366$78
39 years$2,368$1,512$934$562$332$68
40 years$2,283$1,438$875$518$301$58
41 years$2,203$1,369$821$478$273$50
42 years$2,126$1,304$770$441$248$43
43 years$2,053$1,242$723$408$225$37
44 years$1,984$1,184$678$376$204$32
45 years$1,918$1,129$637$347$185$28
46 years$1,855$1,077$598$321$168$24
47 years$1,795$1,028$562$297$153$21
48 years$1,738$981$528$274$139$18
49 years$1,683$937$496$253$126$16
50 years$1,631$895$467$234$114$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,670,000, adding $3,768 every year, while hoping to spend $28,380 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: 31/44/25 Blend
46$1,670,000$1,670,000$1,670,000$1,670,000
47$1,844,227$1,755,717$1,729,832$1,887,099
48$2,002,142$1,811,551$1,757,585$1,976,086
49$2,175,213$1,869,169$1,785,317$2,069,029
50$2,364,956$1,928,630$1,812,996$2,168,506
51$2,573,041$1,989,993$1,840,591$2,275,106
52$2,801,307$2,053,318$1,868,067$2,389,478
53$3,051,779$2,118,669$1,895,386$2,512,333
54$3,326,689$2,186,112$1,922,509$2,644,453
55$3,628,493$2,255,714$1,949,396$2,786,698
56$3,959,900$2,327,545$1,976,001$2,940,014
57$4,323,892$2,401,676$2,002,279$3,105,441
58$4,723,753$2,478,182$2,028,179$3,284,123
59$5,163,102$2,557,140$2,053,650$3,477,319
60$5,645,928$2,638,629$2,078,637$3,686,412
61$6,176,622$2,722,731$2,103,080$3,912,926
62$6,760,023$2,809,530$2,126,919$4,158,538
63$7,401,462$2,899,115$2,150,088$4,425,092
64$8,106,814$2,991,574$2,172,518$4,714,618
65$8,882,550$3,087,001$2,194,138$5,029,353
66$9,735,799$3,185,493$2,214,871$5,371,755
67$10,674,416$3,287,149$2,234,635$5,744,535
68$11,707,059$3,392,071$2,253,347$6,150,675
69$12,843,262$3,500,366$2,270,918$6,593,457
70$14,093,533$3,612,142$2,287,252$7,076,499
71$15,469,451$3,727,514$2,302,252$7,603,783
72$16,983,771$3,846,598$2,315,813$8,179,693
73$18,650,549$3,969,515$2,327,827$8,809,058
74$20,485,273$4,096,390$2,338,177$9,497,198
75$22,505,009$4,227,351$2,346,744$10,249,971
76$24,728,560$4,362,531$2,353,400$11,073,830
77$27,176,647$4,502,069$2,358,012$11,975,881
78$29,872,100$4,646,105$2,360,441$12,963,955
79$32,840,078$4,794,788$2,360,540$14,046,676
80$36,108,302$4,948,269$2,358,154$15,233,543
81$39,707,318$5,106,704$2,353,122$16,535,024
82$43,670,787$5,270,255$2,345,274$17,962,649
83$48,035,800$5,439,090$2,334,433$19,529,119
84$52,843,228$5,613,382$2,320,413$21,248,429
85$58,138,108$5,793,308$2,303,018$23,135,998
86$63,970,070$5,979,055$2,282,043$25,208,811
87$70,393,801$6,170,812$2,257,275$27,485,584
88$77,469,564$6,368,777$2,228,489$29,986,938
89$85,263,766$6,573,154$2,195,450$32,735,591
90$93,849,584$6,784,153$2,157,912$35,756,577
91$103,307,656$7,001,991$2,115,617$39,077,476
92$113,726,843$7,226,894$2,068,296$42,728,681
93$125,205,063$7,459,095$2,015,666$46,743,676
94$137,850,222$7,698,832$1,957,433$51,159,359
95$151,781,225$7,946,356$1,893,288$56,016,385
96$167,129,104$8,201,922$1,822,907$61,359,554
97$184,038,253$8,465,795$1,745,954$67,238,227
98$202,667,786$8,738,251$1,662,076$73,706,799
99$223,193,048$9,019,573$1,570,903$80,825,205
100$245,807,260$9,310,054$1,472,049$88,659,490