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%11.9%
1 years$139,559$138,316$137,103$135,919$134,763$133,690
2 years$69,088$67,802$66,555$65,346$64,173$63,091
3 years$45,601$44,309$43,065$41,868$40,714$39,657
4 years$33,860$32,572$31,341$30,163$29,037$28,014
5 years$26,817$25,537$24,322$23,168$22,074$21,086
6 years$22,124$20,853$19,655$18,528$17,466$16,516
7 years$18,772$17,512$16,334$15,233$14,205$13,292
8 years$16,260$15,011$13,852$12,778$11,784$10,909
9 years$14,307$13,070$11,931$10,884$9,924$9,086
10 years$12,745$11,520$10,402$9,382$8,456$7,655
11 years$11,469$10,256$9,157$8,166$7,272$6,508
12 years$10,405$9,205$8,127$7,162$6,302$5,573
13 years$9,507$8,319$7,261$6,323$5,495$4,802
14 years$8,737$7,562$6,524$5,613$4,817$4,158
15 years$8,070$6,908$5,890$5,006$4,241$3,615
16 years$7,487$6,338$5,340$4,482$3,749$3,154
17 years$6,974$5,837$4,860$4,027$3,324$2,761
18 years$6,518$5,393$4,436$3,629$2,955$2,422
19 years$6,110$4,999$4,061$3,279$2,634$2,130
20 years$5,744$4,645$3,727$2,970$2,353$1,877
21 years$5,413$4,327$3,428$2,696$2,106$1,657
22 years$5,112$4,039$3,160$2,451$1,887$1,464
23 years$4,838$3,777$2,917$2,232$1,694$1,296
24 years$4,587$3,539$2,698$2,036$1,523$1,148
25 years$4,357$3,321$2,499$1,859$1,370$1,018
26 years$4,145$3,121$2,318$1,700$1,234$904
27 years$3,949$2,938$2,152$1,556$1,113$803
28 years$3,767$2,768$2,001$1,426$1,004$714
29 years$3,598$2,611$1,862$1,307$907$635
30 years$3,440$2,466$1,734$1,200$819$565
31 years$3,293$2,331$1,617$1,102$741$503
32 years$3,156$2,206$1,508$1,013$670$448
33 years$3,027$2,089$1,408$931$606$399
34 years$2,905$1,980$1,316$857$549$356
35 years$2,791$1,878$1,230$789$497$317
36 years$2,684$1,782$1,151$726$451$283
37 years$2,583$1,693$1,077$669$408$252
38 years$2,487$1,609$1,009$617$370$225
39 years$2,396$1,530$945$569$336$201
40 years$2,310$1,456$886$525$304$179
41 years$2,229$1,386$831$484$276$160
42 years$2,152$1,320$779$447$251$143
43 years$2,078$1,257$731$412$227$127
44 years$2,008$1,198$686$381$206$114
45 years$1,941$1,143$644$352$187$102
46 years$1,878$1,090$605$325$170$91
47 years$1,817$1,040$569$300$155$81
48 years$1,759$993$534$277$140$72
49 years$1,703$948$502$256$127$65
50 years$1,650$906$472$237$116$58

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 $2,094 every year, while hoping to spend $34,528 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: 71/18/11 Blend
46$1,690,000$1,690,000$1,690,000$1,690,000
47$1,864,540$1,774,970$1,748,775$1,992,629
48$2,017,986$1,825,206$1,770,621$2,127,961
49$2,185,925$1,876,746$1,792,042$2,271,625
50$2,369,801$1,929,618$1,812,987$2,427,959
51$2,571,201$1,983,850$1,833,403$2,598,204
52$2,791,874$2,039,469$1,853,232$2,783,727
53$3,033,745$2,096,503$1,872,415$2,986,033
54$3,298,936$2,154,980$1,890,890$3,206,781
55$3,589,782$2,214,929$1,908,590$3,447,795
56$3,908,857$2,276,378$1,925,445$3,711,086
57$4,258,995$2,339,354$1,941,381$3,998,870
58$4,643,316$2,403,887$1,956,321$4,313,584
59$5,065,260$2,470,003$1,970,184$4,657,916
60$5,528,615$2,537,732$1,982,884$5,034,824
61$6,037,553$2,607,100$1,994,330$5,447,570
62$6,596,671$2,678,135$2,004,427$5,899,743
63$7,211,033$2,750,865$2,013,076$6,395,299
64$7,886,216$2,825,316$2,020,173$6,938,597
65$8,628,368$2,901,514$2,025,606$7,534,438
66$9,444,258$2,979,485$2,029,261$8,188,112
67$10,341,347$3,059,254$2,031,015$8,905,445
68$11,327,853$3,140,846$2,030,743$9,692,860
69$12,412,831$3,224,284$2,028,309$10,557,429
70$13,606,256$3,309,591$2,023,575$11,506,947
71$14,919,122$3,396,788$2,016,392$12,550,001
72$16,363,538$3,485,897$2,006,607$13,696,055
73$17,952,849$3,576,935$1,994,058$14,955,534
74$19,701,757$3,669,922$1,978,576$16,339,925
75$21,626,461$3,764,873$1,959,983$17,861,888
76$23,744,811$3,861,804$1,938,094$19,535,368
77$26,076,476$3,960,726$1,912,714$21,375,737
78$28,643,126$4,061,651$1,883,639$23,399,928
79$31,468,639$4,164,586$1,850,656$25,626,602
80$34,579,329$4,269,539$1,813,541$28,076,322
81$38,004,187$4,376,513$1,772,061$30,771,748
82$41,775,159$4,485,508$1,725,971$33,737,847
83$45,927,450$4,596,522$1,675,015$37,002,132
84$50,499,847$4,709,549$1,618,926$40,594,924
85$55,535,095$4,824,580$1,557,423$44,549,631
86$61,080,292$4,941,602$1,490,214$48,903,069
87$67,187,339$5,060,597$1,416,993$53,695,808
88$73,913,425$5,181,545$1,337,440$58,972,556
89$81,321,571$5,304,417$1,251,221$64,782,576
90$89,481,221$5,429,183$1,157,987$71,180,159
91$98,468,898$5,555,805$1,057,371$78,225,129
92$108,368,926$5,684,241$948,994$85,983,412
93$119,274,228$5,814,440$832,457$94,527,659
94$131,287,198$5,946,346$707,343$103,937,926
95$144,520,672$6,079,896$573,218$114,302,439
96$159,098,988$6,215,019$429,629$125,718,418
97$175,159,165$6,351,635$276,102$138,292,999
98$192,852,190$6,489,656$112,142$152,144,246
99$212,344,448$6,628,984$0$167,402,265
100$233,819,288$6,769,510$0$184,217,806