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%18.9%
1 years$137,907$136,679$135,480$134,310$133,168$128,392
2 years$68,271$66,999$65,767$64,572$63,413$58,653
3 years$45,062$43,785$42,556$41,372$40,232$35,638
4 years$33,460$32,186$30,970$29,806$28,694$24,300
5 years$26,500$25,235$24,034$22,894$21,813$17,631
6 years$21,862$20,606$19,423$18,309$17,260$13,293
7 years$18,550$17,305$16,140$15,052$14,037$10,284
8 years$16,068$14,833$13,688$12,627$11,645$8,104
9 years$14,138$12,915$11,790$10,756$9,807$6,472
10 years$12,595$11,384$10,279$9,271$8,356$5,222
11 years$11,333$10,135$9,049$8,069$7,186$4,247
12 years$10,282$9,096$8,031$7,077$6,227$3,475
13 years$9,394$8,220$7,175$6,248$5,430$2,857
14 years$8,633$7,472$6,447$5,547$4,760$2,359
15 years$7,975$6,826$5,821$4,947$4,191$1,954
16 years$7,399$6,263$5,277$4,429$3,704$1,623
17 years$6,891$5,768$4,802$3,980$3,284$1,350
18 years$6,441$5,330$4,384$3,586$2,920$1,126
19 years$6,038$4,939$4,013$3,241$2,603$940
20 years$5,676$4,590$3,683$2,935$2,325$786
21 years$5,349$4,275$3,388$2,664$2,081$657
22 years$5,052$3,991$3,122$2,422$1,865$550
23 years$4,781$3,733$2,883$2,206$1,674$461
24 years$4,533$3,497$2,666$2,012$1,505$387
25 years$4,306$3,282$2,469$1,837$1,354$325
26 years$4,096$3,084$2,290$1,680$1,220$272
27 years$3,902$2,903$2,127$1,538$1,100$229
28 years$3,722$2,735$1,977$1,409$992$192
29 years$3,555$2,580$1,840$1,292$896$161
30 years$3,399$2,437$1,714$1,186$810$136
31 years$3,254$2,304$1,598$1,089$732$114
32 years$3,118$2,180$1,491$1,001$662$96
33 years$2,991$2,064$1,392$920$599$80
34 years$2,871$1,957$1,300$847$542$68
35 years$2,758$1,856$1,216$779$491$57
36 years$2,652$1,761$1,137$718$445$48
37 years$2,552$1,673$1,065$661$403$40
38 years$2,458$1,590$997$610$366$34
39 years$2,368$1,512$934$562$332$28
40 years$2,283$1,438$875$518$301$24
41 years$2,203$1,369$821$478$273$20
42 years$2,126$1,304$770$441$248$17
43 years$2,053$1,242$723$408$225$14
44 years$1,984$1,184$678$376$204$12
45 years$1,918$1,129$637$347$185$10
46 years$1,855$1,077$598$321$168$8
47 years$1,795$1,028$562$297$153$7
48 years$1,738$981$528$274$139$6
49 years$1,683$937$496$253$126$5
50 years$1,631$895$467$234$114$4

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 $5,371 every year, while hoping to spend $41,351 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: 74/19/7 Blend
46$1,670,000$1,670,000$1,670,000$1,670,000
47$1,845,880$1,757,370$1,731,485$1,980,321
48$1,990,163$1,799,484$1,745,493$2,111,705
49$2,147,776$1,842,276$1,758,584$2,249,832
50$2,320,037$1,885,735$1,770,684$2,399,969
51$2,508,393$1,929,849$1,781,714$2,563,288
52$2,714,441$1,974,603$1,791,594$2,741,084
53$2,939,937$2,019,981$1,800,235$2,934,777
54$3,186,815$2,065,965$1,807,547$3,145,936
55$3,457,205$2,112,532$1,813,435$3,376,287
56$3,753,453$2,159,659$1,817,798$3,627,730
57$4,078,142$2,207,319$1,820,531$3,902,359
58$4,434,118$2,255,483$1,821,524$4,202,480
59$4,824,513$2,304,116$1,820,660$4,530,635
60$5,252,779$2,353,183$1,817,817$4,889,621
61$5,722,717$2,402,644$1,812,869$5,282,521
62$6,238,514$2,452,454$1,805,681$5,712,733
63$6,804,784$2,502,566$1,796,112$6,183,996
64$7,426,606$2,552,926$1,784,016$6,700,434
65$8,109,578$2,603,477$1,769,239$7,266,589
66$8,859,865$2,654,157$1,751,618$7,887,463
67$9,684,259$2,704,899$1,730,985$8,568,572
68$10,590,243$2,755,628$1,707,162$9,315,989
69$11,586,060$2,806,267$1,679,965$10,136,407
70$12,680,792$2,856,728$1,649,198$11,037,203
71$13,884,446$2,906,920$1,614,658$12,026,502
72$15,208,043$2,956,743$1,576,133$13,113,259
73$16,663,730$3,006,090$1,533,400$14,307,340
74$18,264,888$3,054,846$1,486,227$15,619,620
75$20,026,259$3,102,886$1,434,368$17,062,077
76$21,964,089$3,150,079$1,377,571$18,647,914
77$24,096,275$3,196,282$1,315,568$20,391,680
78$26,442,537$3,241,341$1,248,082$22,309,405
79$29,024,603$3,285,095$1,174,820$24,418,755
80$31,866,416$3,327,367$1,095,479$26,739,197
81$34,994,354$3,367,972$1,009,742$29,292,185
82$38,437,486$3,406,710$917,276$32,101,357
83$42,227,838$3,443,368$817,733$35,192,765
84$46,400,703$3,477,718$710,753$38,595,118
85$50,994,967$3,509,519$595,956$42,340,050
86$56,053,481$3,538,512$472,947$46,462,427
87$61,623,459$3,564,422$341,314$51,000,666
88$67,756,929$3,586,956$200,625$55,997,106
89$74,511,221$3,605,803$50,432$61,498,404
90$81,949,508$3,620,630$0$67,555,977
91$90,141,402$3,631,085$0$74,234,692
92$99,163,611$3,636,793$0$81,593,338
93$109,100,659$3,637,357$0$89,696,994
94$120,045,691$3,632,352$0$98,621,534
95$132,101,344$3,621,330$0$108,450,567
96$145,380,721$3,603,814$0$119,276,230
97$160,008,452$3,579,299$0$131,200,057
98$176,121,877$3,547,247$0$144,333,938
99$193,872,337$3,507,091$0$158,801,177
100$213,426,605$3,458,227$0$174,737,651