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

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$138,733$137,497$136,291$135,115$133,966$129,990
2 years$68,680$67,401$66,161$64,959$63,793$59,820
3 years$45,332$44,047$42,810$41,620$40,473$36,628
4 years$33,660$32,379$31,155$29,985$28,866$25,178
5 years$26,659$25,386$24,178$23,031$21,943$18,422
6 years$21,993$20,729$19,539$18,418$17,363$14,012
7 years$18,661$17,408$16,237$15,143$14,121$10,940
8 years$16,164$14,922$13,770$12,703$11,714$8,702
9 years$14,222$12,993$11,860$10,820$9,865$7,018
10 years$12,670$11,452$10,340$9,327$8,406$5,720
11 years$11,401$10,195$9,103$8,117$7,229$4,700
12 years$10,344$9,151$8,079$7,120$6,265$3,887
13 years$9,450$8,270$7,218$6,286$5,463$3,231
14 years$8,685$7,517$6,485$5,580$4,789$2,698
15 years$8,022$6,867$5,855$4,976$4,216$2,260
16 years$7,443$6,300$5,309$4,456$3,726$1,898
17 years$6,932$5,802$4,831$4,003$3,304$1,598
18 years$6,479$5,361$4,410$3,608$2,938$1,349
19 years$6,074$4,969$4,037$3,260$2,619$1,140
20 years$5,710$4,617$3,705$2,953$2,339$964
21 years$5,381$4,301$3,408$2,680$2,093$817
22 years$5,082$4,015$3,141$2,436$1,876$693
23 years$4,810$3,755$2,900$2,219$1,684$588
24 years$4,560$3,518$2,682$2,024$1,514$499
25 years$4,331$3,302$2,484$1,848$1,362$424
26 years$4,120$3,103$2,304$1,690$1,227$361
27 years$3,925$2,920$2,139$1,547$1,106$307
28 years$3,744$2,752$1,989$1,417$998$261
29 years$3,576$2,596$1,851$1,300$901$222
30 years$3,420$2,452$1,724$1,193$814$189
31 years$3,274$2,318$1,607$1,095$736$161
32 years$3,137$2,193$1,500$1,007$666$137
33 years$3,009$2,077$1,400$926$603$117
34 years$2,888$1,968$1,308$852$546$99
35 years$2,775$1,867$1,223$784$494$85
36 years$2,668$1,772$1,144$722$448$72
37 years$2,567$1,683$1,071$665$406$62
38 years$2,472$1,599$1,003$613$368$52
39 years$2,382$1,521$940$565$334$45
40 years$2,297$1,447$881$522$303$38
41 years$2,216$1,377$826$481$275$32
42 years$2,139$1,312$775$444$249$28
43 years$2,066$1,250$727$410$226$24
44 years$1,996$1,191$682$379$205$20
45 years$1,930$1,136$641$350$186$17
46 years$1,866$1,084$602$323$169$15
47 years$1,806$1,034$565$298$154$12
48 years$1,748$987$531$276$140$11
49 years$1,693$943$499$255$127$9
50 years$1,640$901$469$235$115$8

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 $5,797 every year, while hoping to spend $20,309 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: 45/32/23 Blend
46$1,680,000$1,680,000$1,680,000$1,680,000
47$1,857,340$1,768,300$1,742,260$1,928,367
48$2,025,180$1,833,338$1,779,017$2,044,080
49$2,209,459$1,900,882$1,816,324$2,167,052
50$2,411,832$1,971,034$1,854,180$2,300,005
51$2,634,123$2,043,899$1,892,579$2,443,876
52$2,878,341$2,119,587$1,931,518$2,599,699
53$3,146,699$2,198,214$1,970,991$2,768,607
54$3,441,634$2,279,898$2,010,991$2,951,848
55$3,765,833$2,364,765$2,051,511$3,150,795
56$4,122,254$2,452,945$2,092,543$3,366,957
57$4,514,158$2,544,573$2,134,077$3,601,993
58$4,945,136$2,639,791$2,176,103$3,857,730
59$5,419,146$2,738,747$2,218,608$4,136,177
60$5,940,547$2,841,594$2,261,580$4,439,545
61$6,514,144$2,948,493$2,305,004$4,770,266
62$7,145,229$3,059,612$2,348,864$5,131,017
63$7,839,634$3,175,124$2,393,142$5,524,746
64$8,603,784$3,295,213$2,437,820$5,954,695
65$9,444,760$3,420,068$2,482,877$6,424,433
66$10,370,361$3,549,888$2,528,290$6,937,892
67$11,389,185$3,684,879$2,574,034$7,499,397
68$12,510,702$3,825,258$2,620,084$8,113,711
69$13,745,348$3,971,250$2,666,411$8,786,078
70$15,104,622$4,123,090$2,712,985$9,522,273
71$16,601,195$4,281,023$2,759,772$10,328,653
72$18,249,030$4,445,306$2,806,737$11,212,221
73$20,063,511$4,616,206$2,853,842$12,180,687
74$22,061,591$4,794,002$2,901,048$13,242,541
75$24,261,951$4,978,986$2,948,311$14,407,135
76$26,685,175$5,171,461$2,995,584$15,684,767
77$29,353,945$5,371,746$3,042,819$17,086,783
78$32,293,258$5,580,171$3,089,963$18,625,674
79$35,530,654$5,797,083$3,136,961$20,315,203
80$39,096,484$6,022,843$3,183,752$22,170,527
81$43,024,192$6,257,830$3,230,275$24,208,344
82$47,350,633$6,502,437$3,276,462$26,447,046
83$52,116,417$6,757,075$3,322,243$28,906,893
84$57,366,295$7,022,175$3,367,542$31,610,204
85$63,149,582$7,298,187$3,412,280$34,581,565
86$69,520,620$7,585,579$3,456,371$37,848,064
87$76,539,291$7,884,840$3,499,728$41,439,539
88$84,271,586$8,196,485$3,542,256$45,388,864
89$92,790,221$8,521,046$3,583,855$49,732,255
90$102,175,330$8,859,083$3,624,420$54,509,614
91$112,515,215$9,211,180$3,663,840$59,764,899
92$123,907,186$9,577,947$3,701,998$65,546,542
93$136,458,474$9,960,021$3,738,769$71,907,906
94$150,287,245$10,358,068$3,774,025$78,907,781
95$165,523,715$10,772,785$3,807,626$86,610,942
96$182,311,382$11,204,899$3,839,429$95,088,760
97$200,808,374$11,655,170$3,869,281$104,419,871
98$221,188,948$12,124,394$3,897,022$114,690,916
99$243,645,132$12,613,400$3,922,483$125,997,362
100$268,388,536$13,123,057$3,945,487$138,444,395