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

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$140,384$139,134$137,914$136,723$135,560$130,595
2 years$69,497$68,203$66,949$65,732$64,553$59,605
3 years$45,871$44,571$43,320$42,115$40,955$36,181
4 years$34,061$32,765$31,526$30,342$29,209$24,646
5 years$26,976$25,688$24,465$23,305$22,204$17,863
6 years$22,255$20,976$19,772$18,637$17,570$13,453
7 years$18,883$17,616$16,430$15,323$14,289$10,396
8 years$16,356$15,100$13,934$12,854$11,854$8,182
9 years$14,392$13,147$12,002$10,949$9,983$6,527
10 years$12,821$11,589$10,463$9,438$8,506$5,259
11 years$11,537$10,317$9,212$8,214$7,315$4,271
12 years$10,467$9,260$8,175$7,205$6,339$3,491
13 years$9,563$8,368$7,304$6,361$5,528$2,866
14 years$8,788$7,606$6,563$5,646$4,846$2,363
15 years$8,118$6,949$5,925$5,035$4,267$1,955
16 years$7,532$6,375$5,372$4,509$3,771$1,621
17 years$7,015$5,871$4,888$4,051$3,343$1,347
18 years$6,556$5,425$4,462$3,651$2,973$1,121
19 years$6,146$5,028$4,085$3,299$2,650$935
20 years$5,778$4,672$3,749$2,988$2,367$780
21 years$5,445$4,352$3,448$2,712$2,118$652
22 years$5,142$4,063$3,178$2,465$1,899$545
23 years$4,867$3,800$2,935$2,245$1,704$456
24 years$4,615$3,560$2,714$2,048$1,532$382
25 years$4,383$3,341$2,514$1,870$1,378$320
26 years$4,169$3,140$2,331$1,710$1,242$268
27 years$3,972$2,955$2,165$1,565$1,119$225
28 years$3,789$2,784$2,013$1,434$1,010$188
29 years$3,619$2,627$1,873$1,315$912$158
30 years$3,460$2,481$1,744$1,207$824$132
31 years$3,313$2,345$1,626$1,108$745$111
32 years$3,174$2,219$1,517$1,019$674$93
33 years$3,044$2,101$1,417$937$610$78
34 years$2,923$1,992$1,324$862$552$66
35 years$2,808$1,889$1,238$793$500$55
36 years$2,700$1,793$1,158$731$453$46
37 years$2,598$1,703$1,084$673$411$39
38 years$2,502$1,618$1,015$621$372$33
39 years$2,411$1,539$951$572$338$27
40 years$2,324$1,464$891$528$306$23
41 years$2,242$1,394$836$487$278$19
42 years$2,164$1,327$784$449$252$16
43 years$2,090$1,265$736$415$229$14
44 years$2,020$1,206$690$383$208$11
45 years$1,953$1,150$648$354$189$10
46 years$1,889$1,097$609$327$171$8
47 years$1,828$1,047$572$302$155$7
48 years$1,769$999$538$279$141$6
49 years$1,713$954$505$258$128$5
50 years$1,660$911$475$238$116$4

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 $2,722 every year, while hoping to spend $57,788 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: 48/27/25 Blend
46$1,700,000$1,700,000$1,700,000$1,700,000
47$1,876,208$1,786,108$1,759,758$1,952,797
48$2,006,095$1,812,141$1,757,224$2,032,758
49$2,147,294$1,837,513$1,752,668$2,113,592
50$2,300,897$1,862,131$1,745,962$2,200,223
51$2,468,107$1,885,894$1,736,970$2,293,223
52$2,650,247$1,908,696$1,725,551$2,393,226
53$2,848,773$1,930,422$1,711,558$2,500,931
54$3,065,286$1,950,951$1,694,834$2,617,111
55$3,301,551$1,970,154$1,675,216$2,742,620
56$3,559,509$1,987,890$1,652,535$2,878,402
57$3,841,296$2,004,014$1,626,612$3,025,500
58$4,149,265$2,018,368$1,597,261$3,185,066
59$4,486,005$2,030,783$1,564,284$3,358,371
60$4,854,369$2,041,083$1,527,479$3,546,821
61$5,257,496$2,049,077$1,486,631$3,751,967
62$5,698,843$2,054,565$1,441,516$3,975,524
63$6,182,218$2,057,331$1,391,900$4,219,385
64$6,711,813$2,057,149$1,337,537$4,485,640
65$7,292,246$2,053,777$1,278,172$4,776,596
66$7,928,601$2,046,958$1,213,537$5,094,803
67$8,626,480$2,036,420$1,143,352$5,443,073
68$9,392,050$2,021,875$1,067,324$5,824,512
69$10,232,108$2,003,015$985,147$6,242,549
70$11,154,136$1,979,517$896,503$6,700,969
71$12,166,380$1,951,035$801,058$7,203,948
72$13,277,920$1,917,204$698,463$7,756,097
73$14,498,760$1,877,640$588,353$8,362,505
74$15,839,920$1,831,931$470,350$9,028,786
75$17,313,541$1,779,644$344,055$9,761,138
76$18,932,996$1,720,320$209,055$10,566,398
77$20,713,020$1,653,474$64,917$11,452,111
78$22,669,845$1,578,592$0$12,426,601
79$24,821,356$1,495,130$0$13,522,768
80$27,187,255$1,402,512$0$14,747,050
81$29,789,251$1,300,131$0$16,093,423
82$32,651,261$1,187,343$0$17,574,355
83$35,799,636$1,063,470$0$19,203,590
84$39,263,410$927,791$0$20,996,283
85$43,074,575$779,549$0$22,969,139
86$47,268,376$617,942$0$25,140,574
87$51,883,651$442,122$0$27,530,891
88$56,963,192$251,195$0$30,162,469
89$62,554,150$44,215$0$33,059,982
90$68,708,478$0$0$36,250,626
91$75,483,422$0$0$39,817,808
92$82,942,061$0$0$43,759,667
93$91,153,900$0$0$48,099,830
94$100,195,526$0$0$52,878,806
95$110,151,332$0$0$58,141,229
96$121,114,310$0$0$63,936,287
97$133,186,930$0$0$70,318,177
98$146,482,104$0$0$77,346,622
99$161,124,254$0$0$85,087,433
100$177,250,484$0$0$93,613,126