Can I retire at age 47 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$141,210$139,952$138,725$137,527$136,358$135,783
2 years$69,906$68,604$67,342$66,119$64,932$64,352
3 years$46,141$44,834$43,575$42,363$41,196$40,628
4 years$34,261$32,957$31,711$30,520$29,381$28,830
5 years$27,135$25,839$24,609$23,442$22,335$21,803
6 years$22,385$21,099$19,888$18,747$17,673$17,160
7 years$18,994$17,719$16,527$15,413$14,373$13,879
8 years$16,452$15,189$14,016$12,930$11,924$11,449
9 years$14,476$13,225$12,072$11,013$10,041$9,587
10 years$12,896$11,657$10,525$9,493$8,556$8,120
11 years$11,604$10,377$9,266$8,262$7,358$6,941
12 years$10,529$9,314$8,223$7,247$6,377$5,978
13 years$9,619$8,417$7,347$6,398$5,560$5,180
14 years$8,840$7,651$6,601$5,679$4,874$4,512
15 years$8,166$6,989$5,960$5,065$4,292$3,947
16 years$7,576$6,413$5,404$4,535$3,793$3,465
17 years$7,056$5,906$4,917$4,075$3,363$3,051
18 years$6,595$5,457$4,489$3,672$2,990$2,694
19 years$6,182$5,058$4,109$3,318$2,665$2,385
20 years$5,812$4,700$3,771$3,005$2,381$2,115
21 years$5,477$4,378$3,469$2,727$2,131$1,879
22 years$5,173$4,086$3,197$2,480$1,910$1,672
23 years$4,895$3,822$2,952$2,258$1,714$1,490
24 years$4,642$3,581$2,730$2,060$1,541$1,329
25 years$4,409$3,361$2,529$1,881$1,386$1,187
26 years$4,194$3,158$2,345$1,720$1,249$1,061
27 years$3,995$2,972$2,178$1,574$1,126$949
28 years$3,811$2,801$2,024$1,443$1,016$850
29 years$3,640$2,642$1,884$1,323$917$761
30 years$3,481$2,495$1,755$1,214$829$682
31 years$3,332$2,359$1,636$1,115$749$612
32 years$3,193$2,232$1,526$1,025$678$549
33 years$3,062$2,114$1,425$942$614$493
34 years$2,940$2,003$1,332$867$555$443
35 years$2,825$1,900$1,245$798$503$398
36 years$2,716$1,804$1,165$735$456$357
37 years$2,613$1,713$1,090$677$413$321
38 years$2,516$1,628$1,021$624$375$289
39 years$2,425$1,548$956$576$340$259
40 years$2,338$1,473$896$531$308$233
41 years$2,255$1,402$841$490$280$210
42 years$2,177$1,335$788$452$254$189
43 years$2,103$1,272$740$417$230$170
44 years$2,032$1,213$694$385$209$153
45 years$1,964$1,156$652$356$190$138
46 years$1,900$1,103$612$329$172$124
47 years$1,838$1,053$575$304$156$112
48 years$1,780$1,005$541$281$142$100
49 years$1,723$960$508$259$129$90
50 years$1,670$917$478$240$117$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,710,000, adding $5,375 every year, while hoping to spend $24,994 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: 61/25/14 Blend
46$1,710,000$1,710,000$1,710,000$1,710,000
47$1,889,964$1,799,334$1,772,829$1,998,419
48$2,056,147$1,860,908$1,805,626$2,133,568
49$2,238,443$1,924,662$1,838,683$2,277,679
50$2,438,469$1,990,675$1,871,984$2,434,339
51$2,658,007$2,059,031$1,905,509$2,604,765
52$2,899,017$2,129,818$1,939,237$2,790,294
53$3,163,663$2,203,125$1,973,148$2,992,400
54$3,454,324$2,279,046$2,007,216$3,212,705
55$3,773,624$2,357,678$2,041,416$3,452,994
56$4,124,451$2,439,122$2,075,721$3,715,232
57$4,509,989$2,523,483$2,110,102$4,001,582
58$4,933,745$2,610,870$2,144,527$4,314,425
59$5,399,581$2,701,397$2,178,963$4,656,383
60$5,911,755$2,795,182$2,213,375$5,030,344
61$6,474,955$2,892,347$2,247,724$5,439,486
62$7,094,347$2,993,019$2,281,969$5,887,309
63$7,775,625$3,097,331$2,316,069$6,377,670
64$8,525,058$3,205,420$2,349,978$6,914,812
65$9,349,558$3,317,430$2,383,646$7,503,412
66$10,256,738$3,433,508$2,417,023$8,148,620
67$11,254,987$3,553,811$2,450,054$8,856,107
68$12,353,546$3,678,499$2,482,682$9,632,121
69$13,562,601$3,807,739$2,514,845$10,483,542
70$14,893,373$3,941,704$2,546,479$11,417,950
71$16,358,226$4,080,577$2,577,515$12,443,695
72$17,970,785$4,224,545$2,607,882$13,569,973
73$19,746,061$4,373,804$2,637,502$14,806,918
74$21,700,596$4,528,557$2,666,295$16,165,690
75$23,852,618$4,689,018$2,694,177$17,658,586
76$26,222,211$4,855,405$2,721,058$19,299,151
77$28,831,506$5,027,950$2,746,843$21,102,310
78$31,704,890$5,206,890$2,771,433$23,084,504
79$34,869,235$5,392,473$2,794,722$25,263,848
80$38,354,152$5,584,960$2,816,600$27,660,297
81$42,192,271$5,784,618$2,836,952$30,295,842
82$46,419,547$5,991,729$2,855,654$33,194,706
83$51,075,601$6,206,583$2,872,578$36,383,583
84$56,204,091$6,429,485$2,887,589$39,891,881
85$61,853,130$6,660,751$2,900,544$43,752,004
86$68,075,731$6,900,709$2,911,294$47,999,655
87$74,930,315$7,149,704$2,919,682$52,674,171
88$82,481,259$7,408,091$2,925,543$57,818,899
89$90,799,502$7,676,243$2,928,704$63,481,598
90$99,963,219$7,954,547$2,928,983$69,714,894
91$110,058,554$8,243,405$2,926,190$76,576,773
92$121,180,434$8,543,240$2,920,125$84,131,128
93$133,433,466$8,854,487$2,910,577$92,448,365
94$146,932,926$9,177,603$2,897,328$101,606,059
95$161,805,842$9,513,063$2,880,146$111,689,695
96$178,192,196$9,861,361$2,858,789$122,793,467
97$196,246,247$10,223,015$2,833,006$135,021,167
98$216,137,982$10,598,560$2,802,529$148,487,170
99$238,054,724$10,988,558$2,767,082$163,317,503
100$262,202,901$11,393,592$2,726,374$179,651,043