Can I retire at age 47 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$139,559$138,316$137,103$135,919$134,763$134,026
2 years$69,088$67,802$66,555$65,346$64,173$63,429
3 years$45,601$44,309$43,065$41,868$40,714$39,987
4 years$33,860$32,572$31,341$30,163$29,037$28,332
5 years$26,817$25,537$24,322$23,168$22,074$21,393
6 years$22,124$20,853$19,655$18,528$17,466$16,810
7 years$18,772$17,512$16,334$15,233$14,205$13,574
8 years$16,260$15,011$13,852$12,778$11,784$11,178
9 years$14,307$13,070$11,931$10,884$9,924$9,343
10 years$12,745$11,520$10,402$9,382$8,456$7,900
11 years$11,469$10,256$9,157$8,166$7,272$6,741
12 years$10,405$9,205$8,127$7,162$6,302$5,795
13 years$9,507$8,319$7,261$6,323$5,495$5,012
14 years$8,737$7,562$6,524$5,613$4,817$4,356
15 years$8,070$6,908$5,890$5,006$4,241$3,803
16 years$7,487$6,338$5,340$4,482$3,749$3,332
17 years$6,974$5,837$4,860$4,027$3,324$2,928
18 years$6,518$5,393$4,436$3,629$2,955$2,580
19 years$6,110$4,999$4,061$3,279$2,634$2,279
20 years$5,744$4,645$3,727$2,970$2,353$2,017
21 years$5,413$4,327$3,428$2,696$2,106$1,788
22 years$5,112$4,039$3,160$2,451$1,887$1,587
23 years$4,838$3,777$2,917$2,232$1,694$1,411
24 years$4,587$3,539$2,698$2,036$1,523$1,256
25 years$4,357$3,321$2,499$1,859$1,370$1,119
26 years$4,145$3,121$2,318$1,700$1,234$998
27 years$3,949$2,938$2,152$1,556$1,113$891
28 years$3,767$2,768$2,001$1,426$1,004$795
29 years$3,598$2,611$1,862$1,307$907$711
30 years$3,440$2,466$1,734$1,200$819$636
31 years$3,293$2,331$1,617$1,102$741$569
32 years$3,156$2,206$1,508$1,013$670$509
33 years$3,027$2,089$1,408$931$606$456
34 years$2,905$1,980$1,316$857$549$408
35 years$2,791$1,878$1,230$789$497$366
36 years$2,684$1,782$1,151$726$451$328
37 years$2,583$1,693$1,077$669$408$294
38 years$2,487$1,609$1,009$617$370$264
39 years$2,396$1,530$945$569$336$236
40 years$2,310$1,456$886$525$304$212
41 years$2,229$1,386$831$484$276$190
42 years$2,152$1,320$779$447$251$171
43 years$2,078$1,257$731$412$227$153
44 years$2,008$1,198$686$381$206$138
45 years$1,941$1,143$644$352$187$123
46 years$1,878$1,090$605$325$170$111
47 years$1,817$1,040$569$300$155$100
48 years$1,759$993$534$277$140$89
49 years$1,703$948$502$256$127$80
50 years$1,650$906$472$237$116$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,690,000, adding $4,124 every year, while hoping to spend $46,747 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: 50/30/20 Blend
46$1,690,000$1,690,000$1,690,000$1,690,000
47$1,866,634$1,777,064$1,750,869$1,949,354
48$2,007,292$1,814,402$1,759,785$2,044,359
49$2,160,731$1,852,002$1,767,432$2,142,430
50$2,328,204$1,889,829$1,773,720$2,248,029
51$2,511,092$1,927,842$1,778,551$2,361,883
52$2,710,916$1,965,999$1,781,825$2,484,794
53$2,929,348$2,004,251$1,783,434$2,617,649
54$3,168,230$2,042,548$1,783,268$2,761,424
55$3,429,591$2,080,835$1,781,209$2,917,194
56$3,715,665$2,119,050$1,777,135$3,086,145
57$4,028,909$2,157,131$1,770,916$3,269,587
58$4,372,034$2,195,006$1,762,417$3,468,961
59$4,748,021$2,232,601$1,751,498$3,685,859
60$5,160,154$2,269,834$1,738,008$3,922,033
61$5,612,053$2,306,618$1,721,794$4,179,418
62$6,107,700$2,342,860$1,702,692$4,460,146
63$6,651,484$2,378,459$1,680,531$4,766,569
64$7,248,240$2,413,308$1,655,133$5,101,279
65$7,903,291$2,447,291$1,626,311$5,467,135
66$8,622,503$2,480,284$1,593,868$5,867,290
67$9,412,336$2,512,156$1,557,601$6,305,220
68$10,279,908$2,542,766$1,517,295$6,784,759
69$11,233,059$2,571,962$1,472,724$7,310,131
70$12,280,427$2,599,583$1,423,656$7,885,998
71$13,431,526$2,625,459$1,369,844$8,517,498
72$14,696,840$2,649,404$1,311,032$9,210,297
73$16,087,918$2,671,225$1,246,952$9,970,642
74$17,617,484$2,690,714$1,177,323$10,805,419
75$19,299,556$2,707,648$1,101,853$11,722,225
76$21,149,580$2,721,792$1,020,234$12,729,430
77$23,184,573$2,732,895$932,147$13,836,269
78$25,423,284$2,740,691$837,259$15,052,917
79$27,886,370$2,744,897$735,219$16,390,597
80$30,596,594$2,745,211$625,662$17,861,680
81$33,579,033$2,741,313$508,209$19,479,806
82$36,861,322$2,732,864$382,461$21,260,012
83$40,473,906$2,719,504$248,003$23,218,875
84$44,450,335$2,700,851$104,402$25,374,670
85$48,827,575$2,676,498$0$27,747,546
86$53,646,357$2,646,016$0$30,370,137
87$58,951,564$2,608,949$0$33,280,957
88$64,792,650$2,564,814$0$36,484,801
89$71,224,110$2,513,099$0$40,011,533
90$78,305,990$2,453,262$0$43,894,068
91$86,104,459$2,384,730$0$48,168,683
92$94,692,426$2,306,894$0$52,875,360
93$104,150,233$2,219,111$0$58,058,163
94$114,566,411$2,120,702$0$63,765,658
95$126,038,514$2,010,945$0$70,051,369
96$138,674,040$1,889,079$0$76,974,289
97$152,591,448$1,754,300$0$84,599,433
98$167,921,269$1,605,754$0$92,998,456
99$184,807,346$1,442,543$0$102,250,330
100$203,408,183$1,263,716$0$112,442,091