Can I retire at age 47 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$138,733$137,497$136,291$135,115$133,966$130,462
2 years$68,680$67,401$66,161$64,959$63,793$60,288
3 years$45,332$44,047$42,810$41,620$40,473$37,075
4 years$33,660$32,379$31,155$29,985$28,866$25,601
5 years$26,659$25,386$24,178$23,031$21,943$18,821
6 years$21,993$20,729$19,539$18,418$17,363$14,386
7 years$18,661$17,408$16,237$15,143$14,121$11,290
8 years$16,164$14,922$13,770$12,703$11,714$9,028
9 years$14,222$12,993$11,860$10,820$9,865$7,321
10 years$12,670$11,452$10,340$9,327$8,406$6,000
11 years$11,401$10,195$9,103$8,117$7,229$4,959
12 years$10,344$9,151$8,079$7,120$6,265$4,125
13 years$9,450$8,270$7,218$6,286$5,463$3,450
14 years$8,685$7,517$6,485$5,580$4,789$2,898
15 years$8,022$6,867$5,855$4,976$4,216$2,443
16 years$7,443$6,300$5,309$4,456$3,726$2,066
17 years$6,932$5,802$4,831$4,003$3,304$1,751
18 years$6,479$5,361$4,410$3,608$2,938$1,487
19 years$6,074$4,969$4,037$3,260$2,619$1,265
20 years$5,710$4,617$3,705$2,953$2,339$1,078
21 years$5,381$4,301$3,408$2,680$2,093$920
22 years$5,082$4,015$3,141$2,436$1,876$785
23 years$4,810$3,755$2,900$2,219$1,684$671
24 years$4,560$3,518$2,682$2,024$1,514$574
25 years$4,331$3,302$2,484$1,848$1,362$491
26 years$4,120$3,103$2,304$1,690$1,227$421
27 years$3,925$2,920$2,139$1,547$1,106$360
28 years$3,744$2,752$1,989$1,417$998$309
29 years$3,576$2,596$1,851$1,300$901$265
30 years$3,420$2,452$1,724$1,193$814$227
31 years$3,274$2,318$1,607$1,095$736$195
32 years$3,137$2,193$1,500$1,007$666$167
33 years$3,009$2,077$1,400$926$603$143
34 years$2,888$1,968$1,308$852$546$123
35 years$2,775$1,867$1,223$784$494$106
36 years$2,668$1,772$1,144$722$448$91
37 years$2,567$1,683$1,071$665$406$78
38 years$2,472$1,599$1,003$613$368$67
39 years$2,382$1,521$940$565$334$57
40 years$2,297$1,447$881$522$303$49
41 years$2,216$1,377$826$481$275$42
42 years$2,139$1,312$775$444$249$36
43 years$2,066$1,250$727$410$226$31
44 years$1,996$1,191$682$379$205$27
45 years$1,930$1,136$641$350$186$23
46 years$1,866$1,084$602$323$169$20
47 years$1,806$1,034$565$298$154$17
48 years$1,748$987$531$276$140$15
49 years$1,693$943$499$255$127$13
50 years$1,640$901$469$235$115$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,680,000, adding $4,041 every year, while hoping to spend $56,287 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: 49/39/12 Blend
46$1,680,000$1,680,000$1,680,000$1,680,000
47$1,855,528$1,766,488$1,740,448$1,940,182
48$1,984,903$1,793,157$1,738,864$2,025,439
49$2,125,588$1,819,247$1,735,341$2,111,780
50$2,278,677$1,844,668$1,729,753$2,204,295
51$2,445,373$1,869,328$1,721,972$2,303,578
52$2,627,002$1,893,127$1,711,859$2,410,287
53$2,825,021$1,915,955$1,699,271$2,525,148
54$3,041,036$1,937,699$1,684,059$2,648,962
55$3,276,812$1,958,236$1,666,065$2,782,612
56$3,534,293$1,977,436$1,645,124$2,927,076
57$3,815,619$1,995,159$1,621,064$3,083,430
58$4,123,146$2,011,256$1,593,705$3,252,863
59$4,459,469$2,025,570$1,562,856$3,436,689
60$4,827,444$2,037,931$1,528,320$3,636,356
61$5,230,214$2,048,161$1,489,890$3,853,463
62$5,671,244$2,056,069$1,447,349$4,089,776
63$6,154,347$2,061,452$1,400,471$4,347,244
64$6,683,722$2,064,095$1,349,019$4,628,016
65$7,263,995$2,063,769$1,292,745$4,934,465
66$7,900,260$2,060,231$1,231,389$5,269,212
67$8,598,127$2,053,223$1,164,680$5,635,147
68$9,363,775$2,042,470$1,092,337$6,035,459
69$10,204,012$2,027,683$1,014,062$6,473,670
70$11,126,334$2,008,552$929,546$6,953,662
71$12,139,001$1,984,752$838,467$7,479,722
72$13,251,111$1,955,936$740,486$8,056,580
73$14,472,684$1,921,737$635,252$8,689,453
74$15,814,761$1,881,766$522,397$9,384,098
75$17,289,505$1,835,611$401,536$10,146,868
76$18,910,315$1,782,836$272,267$10,984,768
77$20,691,951$1,722,979$134,172$11,905,531
78$22,650,677$1,655,552$0$12,917,682
79$24,804,410$1,580,037$0$14,032,320
80$27,172,889$1,495,889$0$15,276,574
81$29,777,864$1,402,527$0$16,644,754
82$32,643,296$1,299,341$0$18,149,549
83$35,795,587$1,185,684$0$19,804,949
84$39,263,826$1,060,872$0$21,626,382
85$43,080,064$924,183$0$23,630,860
86$47,279,616$774,852$0$25,837,139
87$51,901,390$612,074$0$28,265,898
88$56,988,263$434,996$0$30,939,942
89$62,587,474$242,719$0$33,884,409
90$68,751,076$34,292$0$37,127,019
91$75,536,425$0$0$40,698,331
92$83,006,722$0$0$44,714,132
93$91,231,604$0$0$49,152,007
94$100,287,808$0$0$54,038,672
95$110,259,887$0$0$59,419,781
96$121,241,015$0$0$65,345,643
97$133,333,858$0$0$71,871,691
98$146,651,548$0$0$79,059,010
99$161,318,748$0$0$86,974,913
100$177,472,828$0$0$95,693,573