Can I retire at age 47 with 1,720,000?

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 $1,720,000?

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 years$142,036$140,771$139,536$138,332$137,155$132,184
2 years$70,315$69,005$67,736$66,506$65,312$60,358
3 years$46,411$45,096$43,830$42,611$41,437$36,656
4 years$34,461$33,150$31,897$30,699$29,553$24,982
5 years$27,293$25,990$24,753$23,580$22,466$18,116
6 years$22,516$21,223$20,004$18,857$17,776$13,651
7 years$19,106$17,823$16,624$15,503$14,457$10,556
8 years$16,549$15,278$14,098$13,005$11,993$8,312
9 years$14,561$13,302$12,143$11,078$10,100$6,635
10 years$12,972$11,725$10,586$9,549$8,606$5,350
11 years$11,672$10,438$9,320$8,310$7,401$4,348
12 years$10,590$9,369$8,271$7,289$6,414$3,555
13 years$9,675$8,466$7,390$6,435$5,593$2,922
14 years$8,892$7,696$6,640$5,713$4,903$2,410
15 years$8,213$7,030$5,995$5,095$4,317$1,995
16 years$7,620$6,450$5,435$4,562$3,815$1,655
17 years$7,098$5,940$4,946$4,099$3,383$1,377
18 years$6,633$5,489$4,515$3,694$3,008$1,147
19 years$6,219$5,087$4,133$3,338$2,681$957
20 years$5,846$4,727$3,793$3,023$2,395$799
21 years$5,509$4,403$3,489$2,743$2,143$668
22 years$5,203$4,110$3,216$2,494$1,921$559
23 years$4,924$3,844$2,969$2,272$1,724$468
24 years$4,669$3,602$2,746$2,072$1,550$392
25 years$4,434$3,380$2,543$1,892$1,395$329
26 years$4,218$3,177$2,359$1,730$1,256$276
27 years$4,019$2,990$2,190$1,584$1,133$231
28 years$3,834$2,817$2,036$1,451$1,022$194
29 years$3,661$2,658$1,895$1,331$923$163
30 years$3,501$2,510$1,765$1,221$834$137
31 years$3,352$2,373$1,645$1,121$754$115
32 years$3,212$2,245$1,535$1,031$682$96
33 years$3,080$2,126$1,433$948$617$81
34 years$2,957$2,015$1,339$872$559$68
35 years$2,841$1,911$1,252$803$506$57
36 years$2,732$1,814$1,171$739$459$48
37 years$2,629$1,723$1,096$681$416$40
38 years$2,531$1,637$1,027$628$377$34
39 years$2,439$1,557$962$579$342$28
40 years$2,352$1,481$902$534$310$24
41 years$2,269$1,410$845$493$281$20
42 years$2,190$1,343$793$455$255$17
43 years$2,115$1,280$744$420$232$14
44 years$2,044$1,220$699$388$210$12
45 years$1,976$1,163$656$358$191$10
46 years$1,911$1,110$616$331$173$8
47 years$1,849$1,059$579$305$157$7
48 years$1,790$1,011$544$282$143$6
49 years$1,733$965$511$261$130$5
50 years$1,679$922$481$241$118$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,720,000, adding $2,044 every year, while hoping to spend $54,474 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: 59/31/10 Blend
46$1,720,000$1,720,000$1,720,000$1,720,000
47$1,897,548$1,806,388$1,779,728$2,004,936
48$2,033,138$1,836,942$1,781,389$2,107,930
49$2,180,733$1,867,166$1,781,280$2,213,854
50$2,341,499$1,896,988$1,779,284$2,328,021
51$2,516,720$1,926,329$1,775,279$2,451,227
52$2,707,810$1,955,104$1,769,135$2,584,350
53$2,916,325$1,983,222$1,760,719$2,728,358
54$3,143,976$2,010,586$1,749,889$2,884,320
55$3,392,648$2,037,091$1,736,497$3,053,410
56$3,664,417$2,062,627$1,720,388$3,236,926
57$3,961,566$2,087,074$1,701,400$3,436,298
58$4,286,610$2,110,306$1,679,362$3,653,102
59$4,642,320$2,132,186$1,654,096$3,889,078
60$5,031,744$2,152,571$1,625,415$4,146,140
61$5,458,240$2,171,305$1,593,125$4,426,403
62$5,925,506$2,188,225$1,557,020$4,732,196
63$6,437,615$2,203,155$1,516,888$5,066,089
64$6,999,053$2,215,910$1,472,504$5,430,913
65$7,614,758$2,226,291$1,423,635$5,829,794
66$8,290,171$2,234,088$1,370,035$6,266,173
67$9,031,286$2,239,076$1,311,448$6,743,850
68$9,844,704$2,241,017$1,247,608$7,267,010
69$10,737,695$2,239,658$1,178,235$7,840,271
70$11,718,270$2,234,731$1,103,035$8,468,722
71$12,795,251$2,225,951$1,021,705$9,157,977
72$13,978,358$2,213,014$933,924$9,914,224
73$15,278,299$2,195,600$839,358$10,744,286
74$16,706,870$2,173,369$737,661$11,655,687
75$18,277,065$2,145,959$628,468$12,656,720
76$20,003,203$2,112,988$511,398$13,756,531
77$21,901,056$2,074,050$386,056$14,965,203
78$23,988,001$2,028,717$252,027$16,293,853
79$26,283,186$1,976,533$108,879$17,754,737
80$28,807,705$1,917,016$0$19,361,367
81$31,584,799$1,849,658$0$21,133,323
82$34,640,076$1,773,919$0$23,095,048
83$38,001,751$1,689,228$0$25,253,071
84$41,700,910$1,594,981$0$27,627,410
85$45,771,808$1,490,540$0$30,240,125
86$50,252,185$1,375,229$0$33,115,538
87$55,183,628$1,248,336$0$36,280,453
88$60,611,959$1,109,104$0$39,764,417
89$66,587,666$956,738$0$43,599,999
90$73,166,384$790,395$0$47,823,097
91$80,409,415$609,184$0$52,473,277
92$88,384,307$412,165$0$57,594,153
93$97,165,492$198,347$0$63,233,796
94$106,834,986$0$0$69,445,190
95$117,483,165$0$0$76,298,102
96$129,209,615$0$0$83,919,662
97$142,124,072$0$0$92,313,554
98$156,347,459$0$0$101,558,396
99$172,013,023$0$0$111,740,822
100$189,267,596$0$0$122,956,294