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

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$137,907$136,679$135,480$134,310$133,168$130,693
2 years$68,271$66,999$65,767$64,572$63,413$60,929
3 years$45,062$43,785$42,556$41,372$40,232$37,816
4 years$33,460$32,186$30,970$29,806$28,694$26,365
5 years$26,500$25,235$24,034$22,894$21,813$19,577
6 years$21,862$20,606$19,423$18,309$17,260$15,120
7 years$18,550$17,305$16,140$15,052$14,037$11,993
8 years$16,068$14,833$13,688$12,627$11,645$9,697
9 years$14,138$12,915$11,790$10,756$9,807$7,954
10 years$12,595$11,384$10,279$9,271$8,356$6,596
11 years$11,333$10,135$9,049$8,069$7,186$5,517
12 years$10,282$9,096$8,031$7,077$6,227$4,647
13 years$9,394$8,220$7,175$6,248$5,430$3,937
14 years$8,633$7,472$6,447$5,547$4,760$3,350
15 years$7,975$6,826$5,821$4,947$4,191$2,862
16 years$7,399$6,263$5,277$4,429$3,704$2,452
17 years$6,891$5,768$4,802$3,980$3,284$2,107
18 years$6,441$5,330$4,384$3,586$2,920$1,815
19 years$6,038$4,939$4,013$3,241$2,603$1,566
20 years$5,676$4,590$3,683$2,935$2,325$1,354
21 years$5,349$4,275$3,388$2,664$2,081$1,172
22 years$5,052$3,991$3,122$2,422$1,865$1,015
23 years$4,781$3,733$2,883$2,206$1,674$881
24 years$4,533$3,497$2,666$2,012$1,505$765
25 years$4,306$3,282$2,469$1,837$1,354$664
26 years$4,096$3,084$2,290$1,680$1,220$578
27 years$3,902$2,903$2,127$1,538$1,100$503
28 years$3,722$2,735$1,977$1,409$992$438
29 years$3,555$2,580$1,840$1,292$896$381
30 years$3,399$2,437$1,714$1,186$810$332
31 years$3,254$2,304$1,598$1,089$732$289
32 years$3,118$2,180$1,491$1,001$662$252
33 years$2,991$2,064$1,392$920$599$220
34 years$2,871$1,957$1,300$847$542$192
35 years$2,758$1,856$1,216$779$491$167
36 years$2,652$1,761$1,137$718$445$146
37 years$2,552$1,673$1,065$661$403$127
38 years$2,458$1,590$997$610$366$111
39 years$2,368$1,512$934$562$332$97
40 years$2,283$1,438$875$518$301$85
41 years$2,203$1,369$821$478$273$74
42 years$2,126$1,304$770$441$248$64
43 years$2,053$1,242$723$408$225$56
44 years$1,984$1,184$678$376$204$49
45 years$1,918$1,129$637$347$185$43
46 years$1,855$1,077$598$321$168$37
47 years$1,795$1,028$562$297$153$33
48 years$1,738$981$528$274$139$29
49 years$1,683$937$496$253$126$25
50 years$1,631$895$467$234$114$22

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 $4,363 every year, while hoping to spend $48,078 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: 55/38/7 Blend
46$1,670,000$1,670,000$1,670,000$1,670,000
47$1,844,840$1,756,330$1,730,445$1,943,108
48$1,981,860$1,791,236$1,737,261$2,044,852
49$2,131,243$1,826,241$1,742,693$2,149,864
50$2,294,202$1,861,298$1,746,645$2,263,022
51$2,472,068$1,896,359$1,749,015$2,385,106
52$2,666,308$1,931,370$1,749,696$2,516,976
53$2,878,536$1,966,272$1,748,576$2,659,580
54$3,110,530$2,001,002$1,745,536$2,813,961
55$3,364,246$2,035,493$1,740,453$2,981,269
56$3,641,839$2,069,672$1,733,199$3,162,772
57$3,945,681$2,103,461$1,723,636$3,359,867
58$4,278,385$2,136,775$1,711,622$3,574,094
59$4,642,828$2,169,525$1,697,009$3,807,149
60$5,042,177$2,201,613$1,679,640$4,060,904
61$5,479,923$2,232,935$1,659,351$4,337,419
62$5,959,906$2,263,380$1,635,970$4,638,968
63$6,486,360$2,292,829$1,609,319$4,968,054
64$7,063,947$2,321,156$1,579,209$5,327,441
65$7,697,801$2,348,224$1,545,444$5,720,171
66$8,393,578$2,373,888$1,507,818$6,149,600
67$9,157,509$2,397,994$1,466,115$6,619,427
68$9,996,455$2,420,376$1,420,111$7,133,730
69$10,917,978$2,440,859$1,369,569$7,697,004
70$11,930,405$2,459,255$1,314,243$8,314,205
71$13,042,912$2,475,364$1,253,876$8,990,795
72$14,265,606$2,488,974$1,188,198$9,732,797
73$15,609,623$2,499,859$1,116,927$10,546,851
74$17,087,231$2,507,778$1,039,771$11,440,273
75$18,711,946$2,512,477$956,420$12,421,134
76$20,498,659$2,513,682$866,555$13,498,327
77$22,463,777$2,511,107$769,839$14,681,657
78$24,625,375$2,504,445$665,922$15,981,934
79$27,003,371$2,493,371$554,438$17,411,072
80$29,619,708$2,477,539$435,005$18,982,208
81$32,498,565$2,456,585$307,224$20,709,820
82$35,666,580$2,430,119$170,678$22,609,872
83$39,153,108$2,397,731$24,932$24,699,959
84$42,990,490$2,358,986$0$26,999,477
85$47,214,364$2,313,420$0$29,539,562
86$51,863,997$2,260,545$0$32,336,652
87$56,982,656$2,199,843$0$35,414,899
88$62,618,017$2,130,765$0$38,802,981
89$68,822,613$2,052,732$0$42,532,507
90$75,654,332$1,965,127$0$46,638,318
91$83,176,957$1,867,302$0$51,158,814
92$91,460,776$1,758,569$0$56,136,322
93$100,583,237$1,638,201$0$61,617,494
94$110,629,683$1,505,428$0$67,653,750
95$121,694,156$1,359,439$0$74,301,765
96$133,880,282$1,199,375$0$81,624,004
97$147,302,254$1,024,326$0$89,689,317
98$162,085,901$833,336$0$98,573,587
99$178,369,882$625,389$0$108,360,452
100$196,306,994$399,416$0$119,142,095