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

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$139,559$138,316$137,103$135,919$134,763$130,449
2 years$69,088$67,802$66,555$65,346$64,173$59,867
3 years$45,601$44,309$43,065$41,868$40,714$36,550
4 years$33,860$32,572$31,341$30,163$29,037$25,048
5 years$26,817$25,537$24,322$23,168$22,074$18,270
6 years$22,124$20,853$19,655$18,528$17,466$13,851
7 years$18,772$17,512$16,334$15,233$14,205$10,777
8 years$16,260$15,011$13,852$12,778$11,784$8,542
9 years$14,307$13,070$11,931$10,884$9,924$6,864
10 years$12,745$11,520$10,402$9,382$8,456$5,573
11 years$11,469$10,256$9,157$8,166$7,272$4,562
12 years$10,405$9,205$8,127$7,162$6,302$3,758
13 years$9,507$8,319$7,261$6,323$5,495$3,111
14 years$8,737$7,562$6,524$5,613$4,817$2,587
15 years$8,070$6,908$5,890$5,006$4,241$2,158
16 years$7,487$6,338$5,340$4,482$3,749$1,805
17 years$6,974$5,837$4,860$4,027$3,324$1,513
18 years$6,518$5,393$4,436$3,629$2,955$1,271
19 years$6,110$4,999$4,061$3,279$2,634$1,069
20 years$5,744$4,645$3,727$2,970$2,353$900
21 years$5,413$4,327$3,428$2,696$2,106$759
22 years$5,112$4,039$3,160$2,451$1,887$641
23 years$4,838$3,777$2,917$2,232$1,694$541
24 years$4,587$3,539$2,698$2,036$1,523$457
25 years$4,357$3,321$2,499$1,859$1,370$387
26 years$4,145$3,121$2,318$1,700$1,234$327
27 years$3,949$2,938$2,152$1,556$1,113$277
28 years$3,767$2,768$2,001$1,426$1,004$235
29 years$3,598$2,611$1,862$1,307$907$199
30 years$3,440$2,466$1,734$1,200$819$168
31 years$3,293$2,331$1,617$1,102$741$143
32 years$3,156$2,206$1,508$1,013$670$121
33 years$3,027$2,089$1,408$931$606$102
34 years$2,905$1,980$1,316$857$549$87
35 years$2,791$1,878$1,230$789$497$74
36 years$2,684$1,782$1,151$726$451$62
37 years$2,583$1,693$1,077$669$408$53
38 years$2,487$1,609$1,009$617$370$45
39 years$2,396$1,530$945$569$336$38
40 years$2,310$1,456$886$525$304$32
41 years$2,229$1,386$831$484$276$27
42 years$2,152$1,320$779$447$251$23
43 years$2,078$1,257$731$412$227$20
44 years$2,008$1,198$686$381$206$17
45 years$1,941$1,143$644$352$187$14
46 years$1,878$1,090$605$325$170$12
47 years$1,817$1,040$569$300$155$10
48 years$1,759$993$534$277$140$9
49 years$1,703$948$502$256$127$7
50 years$1,650$906$472$237$116$6

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 $6,116 every year, while hoping to spend $29,840 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: 34/39/27 Blend
46$1,690,000$1,690,000$1,690,000$1,690,000
47$1,868,689$1,779,119$1,752,924$1,916,764
48$2,027,545$1,834,546$1,779,897$2,008,878
49$2,201,605$1,891,689$1,806,774$2,105,035
50$2,392,388$1,950,601$1,833,520$2,208,147
51$2,601,566$2,011,335$1,860,097$2,318,852
52$2,830,983$2,073,947$1,886,467$2,437,853
53$3,082,668$2,138,495$1,912,589$2,565,922
54$3,358,857$2,205,038$1,938,418$2,703,909
55$3,662,013$2,273,638$1,963,907$2,852,748
56$3,994,848$2,344,356$1,989,007$3,013,468
57$4,360,350$2,417,257$2,013,667$3,187,201
58$4,761,811$2,492,408$2,037,831$3,375,192
59$5,202,858$2,569,878$2,061,440$3,578,810
60$5,687,485$2,649,738$2,084,434$3,799,566
61$6,220,093$2,732,059$2,106,747$4,039,120
62$6,805,530$2,816,918$2,128,310$4,299,299
63$7,449,138$2,904,390$2,149,052$4,582,117
64$8,156,801$2,994,556$2,168,896$4,889,790
65$8,935,003$3,087,498$2,187,763$5,224,757
66$9,790,887$3,183,299$2,205,567$5,589,708
67$10,732,324$3,282,047$2,222,220$5,987,601
68$11,767,984$3,383,831$2,237,627$6,421,696
69$12,907,422$3,488,742$2,251,691$6,895,582
70$14,161,165$3,596,876$2,264,309$7,413,214
71$15,540,810$3,708,330$2,275,370$7,978,947
72$17,059,139$3,823,204$2,284,760$8,597,579
73$18,730,231$3,941,601$2,292,360$9,274,395
74$20,569,604$4,063,629$2,298,043$10,015,216
75$22,594,352$4,189,395$2,301,677$10,826,456
76$24,823,315$4,319,014$2,303,121$11,715,180
77$27,277,248$4,452,601$2,302,231$12,689,173
78$29,979,023$4,590,275$2,298,852$13,757,009
79$32,953,845$4,732,159$2,292,824$14,928,139
80$36,229,482$4,878,380$2,283,979$16,212,971
81$39,836,536$5,029,067$2,272,139$17,622,976
82$43,808,726$5,184,355$2,257,120$19,170,790
83$48,183,209$5,344,382$2,238,726$20,870,337
84$53,000,928$5,509,288$2,216,755$22,736,960
85$58,307,000$5,679,221$2,190,994$24,787,563
86$64,151,141$5,854,329$2,161,218$27,040,774
87$70,588,134$6,034,768$2,127,196$29,517,116
88$77,678,347$6,220,695$2,088,681$32,239,206
89$85,488,305$6,412,276$2,045,418$35,231,963
90$94,091,312$6,609,677$1,997,139$38,522,848
91$103,568,146$6,813,071$1,943,563$42,142,120
92$114,007,822$7,022,637$1,884,398$46,123,122
93$125,508,430$7,238,556$1,819,336$50,502,595
94$138,178,062$7,461,018$1,748,056$55,321,028
95$152,135,832$7,690,215$1,670,223$60,623,035
96$167,512,998$7,926,346$1,585,486$66,457,780
97$184,454,202$8,169,617$1,493,479$72,879,439
98$203,118,839$8,420,236$1,393,819$79,947,713
99$223,682,553$8,678,420$1,286,104$87,728,391
100$246,338,902$8,944,391$1,169,918$96,293,967