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%17.8%
1 years$138,733$137,497$136,291$135,115$133,966$129,729
2 years$68,680$67,401$66,161$64,959$63,793$59,563
3 years$45,332$44,047$42,810$41,620$40,473$36,383
4 years$33,660$32,379$31,155$29,985$28,866$24,946
5 years$26,659$25,386$24,178$23,031$21,943$18,205
6 years$21,993$20,729$19,539$18,418$17,363$13,809
7 years$18,661$17,408$16,237$15,143$14,121$10,751
8 years$16,164$14,922$13,770$12,703$11,714$8,527
9 years$14,222$12,993$11,860$10,820$9,865$6,856
10 years$12,670$11,452$10,340$9,327$8,406$5,570
11 years$11,401$10,195$9,103$8,117$7,229$4,562
12 years$10,344$9,151$8,079$7,120$6,265$3,760
13 years$9,450$8,270$7,218$6,286$5,463$3,116
14 years$8,685$7,517$6,485$5,580$4,789$2,592
15 years$8,022$6,867$5,855$4,976$4,216$2,164
16 years$7,443$6,300$5,309$4,456$3,726$1,811
17 years$6,932$5,802$4,831$4,003$3,304$1,519
18 years$6,479$5,361$4,410$3,608$2,938$1,277
19 years$6,074$4,969$4,037$3,260$2,619$1,075
20 years$5,710$4,617$3,705$2,953$2,339$906
21 years$5,381$4,301$3,408$2,680$2,093$765
22 years$5,082$4,015$3,141$2,436$1,876$646
23 years$4,810$3,755$2,900$2,219$1,684$546
24 years$4,560$3,518$2,682$2,024$1,514$462
25 years$4,331$3,302$2,484$1,848$1,362$391
26 years$4,120$3,103$2,304$1,690$1,227$331
27 years$3,925$2,920$2,139$1,547$1,106$280
28 years$3,744$2,752$1,989$1,417$998$238
29 years$3,576$2,596$1,851$1,300$901$201
30 years$3,420$2,452$1,724$1,193$814$171
31 years$3,274$2,318$1,607$1,095$736$145
32 years$3,137$2,193$1,500$1,007$666$123
33 years$3,009$2,077$1,400$926$603$104
34 years$2,888$1,968$1,308$852$546$88
35 years$2,775$1,867$1,223$784$494$75
36 years$2,668$1,772$1,144$722$448$64
37 years$2,567$1,683$1,071$665$406$54
38 years$2,472$1,599$1,003$613$368$46
39 years$2,382$1,521$940$565$334$39
40 years$2,297$1,447$881$522$303$33
41 years$2,216$1,377$826$481$275$28
42 years$2,139$1,312$775$444$249$24
43 years$2,066$1,250$727$410$226$20
44 years$1,996$1,191$682$379$205$17
45 years$1,930$1,136$641$350$186$15
46 years$1,866$1,084$602$323$169$12
47 years$1,806$1,034$565$298$154$10
48 years$1,748$987$531$276$140$9
49 years$1,693$943$499$255$127$8
50 years$1,640$901$469$235$115$6

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 $4,370 every year, while hoping to spend $29,613 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: 57/36/7 Blend
46$1,680,000$1,680,000$1,680,000$1,680,000
47$1,855,868$1,766,828$1,740,788$1,958,555
48$2,013,658$1,821,894$1,767,596$2,083,218
49$2,186,551$1,878,667$1,794,310$2,215,268
50$2,376,055$1,937,197$1,820,895$2,358,410
51$2,583,832$1,997,539$1,847,315$2,513,705
52$2,811,713$2,059,749$1,873,530$2,682,320
53$3,061,715$2,123,884$1,899,500$2,865,543
54$3,336,058$2,190,002$1,925,182$3,064,786
55$3,637,188$2,258,164$1,950,527$3,281,606
56$3,967,800$2,328,434$1,975,489$3,517,715
57$4,330,863$2,400,874$2,000,015$3,775,000
58$4,729,646$2,475,552$2,024,051$4,055,534
59$5,167,752$2,552,536$2,047,539$4,361,603
60$5,649,148$2,631,896$2,070,417$4,695,721
61$6,178,207$2,713,704$2,092,622$5,060,657
62$6,759,745$2,798,036$2,114,085$5,459,460
63$7,399,067$2,884,968$2,134,735$5,895,487
64$8,102,020$2,974,580$2,154,496$6,372,433
65$8,875,043$3,066,952$2,173,290$6,894,371
66$9,725,234$3,162,168$2,191,031$7,465,782
67$10,660,409$3,260,316$2,207,632$8,091,604
68$11,689,184$3,361,484$2,223,000$8,777,275
69$12,821,047$3,465,764$2,237,038$9,528,784
70$14,066,457$3,573,250$2,249,642$10,352,727
71$15,436,936$3,684,038$2,260,704$11,256,371
72$16,945,177$3,798,231$2,270,112$12,247,720
73$18,605,170$3,915,929$2,277,746$13,335,592
74$20,432,328$4,037,239$2,283,480$14,529,697
75$22,443,632$4,162,271$2,287,184$15,840,736
76$24,657,796$4,291,136$2,288,718$17,280,496
77$27,095,440$4,423,950$2,287,939$18,861,962
78$29,779,284$4,560,833$2,284,694$20,599,440
79$32,734,364$4,701,906$2,278,824$22,508,691
80$35,988,265$4,847,296$2,270,161$24,607,078
81$39,571,387$4,997,133$2,258,530$26,913,732
82$43,517,226$5,151,549$2,243,748$29,449,731
83$47,862,691$5,310,683$2,225,622$32,238,298
84$52,648,455$5,474,676$2,203,949$35,305,020
85$57,919,335$5,643,673$2,178,520$38,678,088
86$63,724,719$5,817,825$2,149,112$42,388,565
87$70,119,027$5,997,284$2,115,493$46,470,676
88$77,162,227$6,182,211$2,077,421$50,962,133
89$84,920,401$6,372,767$2,034,643$55,904,488
90$93,466,370$6,569,120$1,986,891$61,343,526
91$102,880,377$6,771,444$1,933,889$67,329,696
92$113,250,846$6,979,915$1,875,344$73,918,588
93$124,675,217$7,194,716$1,810,954$81,171,456
94$137,260,868$7,416,036$1,740,399$89,155,794
95$151,126,121$7,644,066$1,663,347$97,945,976
96$166,401,367$7,879,007$1,579,451$107,623,956
97$183,230,289$8,121,061$1,488,345$118,280,037
98$201,771,226$8,370,440$1,389,652$130,013,731
99$222,198,658$8,627,359$1,282,972$142,934,688
100$244,704,861$8,892,039$1,167,892$157,163,741