Can I retire at age 47 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$140,384$139,134$137,914$136,723$135,560$132,607
2 years$69,497$68,203$66,949$65,732$64,553$61,592
3 years$45,871$44,571$43,320$42,115$40,955$38,079
4 years$34,061$32,765$31,526$30,342$29,209$26,441
5 years$26,976$25,688$24,465$23,305$22,204$19,551
6 years$22,255$20,976$19,772$18,637$17,570$15,034
7 years$18,883$17,616$16,430$15,323$14,289$11,872
8 years$16,356$15,100$13,934$12,854$11,854$9,555
9 years$14,392$13,147$12,002$10,949$9,983$7,799
10 years$12,821$11,589$10,463$9,438$8,506$6,436
11 years$11,537$10,317$9,212$8,214$7,315$5,357
12 years$10,467$9,260$8,175$7,205$6,339$4,489
13 years$9,563$8,368$7,304$6,361$5,528$3,782
14 years$8,788$7,606$6,563$5,646$4,846$3,201
15 years$8,118$6,949$5,925$5,035$4,267$2,719
16 years$7,532$6,375$5,372$4,509$3,771$2,317
17 years$7,015$5,871$4,888$4,051$3,343$1,980
18 years$6,556$5,425$4,462$3,651$2,973$1,695
19 years$6,146$5,028$4,085$3,299$2,650$1,454
20 years$5,778$4,672$3,749$2,988$2,367$1,249
21 years$5,445$4,352$3,448$2,712$2,118$1,075
22 years$5,142$4,063$3,178$2,465$1,899$926
23 years$4,867$3,800$2,935$2,245$1,704$798
24 years$4,615$3,560$2,714$2,048$1,532$688
25 years$4,383$3,341$2,514$1,870$1,378$594
26 years$4,169$3,140$2,331$1,710$1,242$514
27 years$3,972$2,955$2,165$1,565$1,119$444
28 years$3,789$2,784$2,013$1,434$1,010$384
29 years$3,619$2,627$1,873$1,315$912$332
30 years$3,460$2,481$1,744$1,207$824$287
31 years$3,313$2,345$1,626$1,108$745$249
32 years$3,174$2,219$1,517$1,019$674$215
33 years$3,044$2,101$1,417$937$610$187
34 years$2,923$1,992$1,324$862$552$162
35 years$2,808$1,889$1,238$793$500$140
36 years$2,700$1,793$1,158$731$453$121
37 years$2,598$1,703$1,084$673$411$105
38 years$2,502$1,618$1,015$621$372$91
39 years$2,411$1,539$951$572$338$79
40 years$2,324$1,464$891$528$306$68
41 years$2,242$1,394$836$487$278$59
42 years$2,164$1,327$784$449$252$51
43 years$2,090$1,265$736$415$229$45
44 years$2,020$1,206$690$383$208$39
45 years$1,953$1,150$648$354$189$34
46 years$1,889$1,097$609$327$171$29
47 years$1,828$1,047$572$302$155$25
48 years$1,769$999$538$279$141$22
49 years$1,713$954$505$258$128$19
50 years$1,660$911$475$238$116$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,700,000, adding $2,538 every year, while hoping to spend $28,515 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: 56/28/16 Blend
46$1,700,000$1,700,000$1,700,000$1,700,000
47$1,876,018$1,785,918$1,759,568$1,973,051
48$2,037,032$1,843,088$1,788,174$2,096,449
49$2,213,514$1,902,104$1,816,782$2,227,497
50$2,407,011$1,963,026$1,845,363$2,369,604
51$2,619,228$2,025,916$1,873,885$2,523,833
52$2,852,042$2,090,839$1,902,313$2,691,357
53$3,107,522$2,157,861$1,930,611$2,873,466
54$3,387,944$2,227,051$1,958,742$3,071,580
55$3,695,818$2,298,481$1,986,664$3,287,260
56$4,033,908$2,372,223$2,014,333$3,522,228
57$4,405,258$2,448,353$2,041,705$3,778,376
58$4,813,223$2,526,951$2,068,730$4,057,790
59$5,261,497$2,608,097$2,095,358$4,362,765
60$5,754,150$2,691,874$2,121,533$4,695,829
61$6,295,668$2,778,370$2,147,199$5,059,766
62$6,890,989$2,867,674$2,172,294$5,457,640
63$7,545,559$2,959,879$2,196,754$5,892,827
64$8,265,373$3,055,079$2,220,512$6,369,046
65$9,057,038$3,153,375$2,243,496$6,890,390
66$9,927,833$3,254,868$2,265,631$7,461,369
67$10,885,780$3,359,664$2,286,837$8,086,952
68$11,939,714$3,467,873$2,307,031$8,772,609
69$13,099,373$3,579,606$2,326,124$9,524,369
70$14,375,483$3,694,982$2,344,024$10,348,870
71$15,779,866$3,814,119$2,360,633$11,253,426
72$17,325,546$3,937,145$2,375,847$12,246,096
73$19,026,874$4,064,186$2,389,560$13,335,755
74$20,899,661$4,195,378$2,401,657$14,532,181
75$22,961,332$4,330,858$2,412,018$15,846,149
76$25,231,086$4,470,768$2,420,519$17,289,528
77$27,730,078$4,615,256$2,427,026$18,875,395
78$30,481,617$4,764,474$2,431,403$20,618,156
79$33,511,390$4,918,582$2,433,503$22,533,685
80$36,847,700$5,077,741$2,433,174$24,639,473
81$40,521,735$5,242,120$2,430,255$26,954,789
82$44,567,863$5,411,894$2,424,579$29,500,866
83$49,023,952$5,587,244$2,415,970$32,301,097
84$53,931,733$5,768,357$2,404,242$35,381,259
85$59,337,188$5,955,425$2,389,203$38,769,755
86$65,290,989$6,148,648$2,370,649$42,497,879
87$71,848,972$6,348,234$2,348,368$46,600,116
88$79,072,666$6,554,396$2,322,137$51,114,463
89$87,029,872$6,767,356$2,291,723$56,082,787
90$95,795,304$6,987,342$2,256,881$61,551,223
91$105,451,295$7,214,592$2,217,357$67,570,608
92$116,088,571$7,449,350$2,172,881$74,196,959
93$127,807,107$7,691,871$2,123,175$81,492,001
94$140,717,076$7,942,416$2,067,946$89,523,752
95$154,939,882$8,201,258$2,006,885$98,367,164
96$170,609,307$8,468,678$1,939,674$108,104,825
97$187,872,780$8,744,966$1,865,976$118,827,746
98$206,892,758$9,030,424$1,785,441$130,636,216
99$227,848,268$9,325,364$1,697,702$143,640,745
100$250,936,593$9,630,108$1,602,376$157,963,112