Can I retire at age 47 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$142,862$141,589$140,348$139,136$137,953$134,400
2 years$70,724$69,406$68,130$66,892$65,692$62,136
3 years$46,681$45,358$44,085$42,859$41,678$38,230
4 years$34,662$33,343$32,082$30,877$29,725$26,412
5 years$27,452$26,141$24,897$23,717$22,596$19,427
6 years$22,647$21,346$20,121$18,966$17,880$14,858
7 years$19,217$17,927$16,720$15,593$14,541$11,666
8 years$16,645$15,366$14,180$13,081$12,063$9,335
9 years$14,646$13,379$12,213$11,142$10,159$7,574
10 years$13,047$11,793$10,648$9,604$8,656$6,212
11 years$11,740$10,499$9,374$8,359$7,444$5,137
12 years$10,652$9,423$8,319$7,332$6,451$4,276
13 years$9,732$8,516$7,433$6,473$5,626$3,579
14 years$8,943$7,741$6,678$5,746$4,931$3,009
15 years$8,261$7,071$6,030$5,124$4,342$2,538
16 years$7,665$6,488$5,467$4,588$3,837$2,147
17 years$7,139$5,975$4,975$4,123$3,402$1,821
18 years$6,672$5,521$4,541$3,715$3,025$1,548
19 years$6,255$5,117$4,157$3,357$2,697$1,318
20 years$5,880$4,755$3,815$3,040$2,409$1,124
21 years$5,541$4,429$3,509$2,759$2,155$959
22 years$5,233$4,134$3,234$2,509$1,932$820
23 years$4,953$3,867$2,986$2,285$1,734$701
24 years$4,696$3,623$2,762$2,084$1,559$600
25 years$4,460$3,400$2,558$1,903$1,403$514
26 years$4,243$3,195$2,372$1,740$1,264$441
27 years$4,042$3,007$2,203$1,593$1,139$378
28 years$3,856$2,834$2,048$1,459$1,028$324
29 years$3,683$2,673$1,906$1,338$928$278
30 years$3,522$2,525$1,775$1,228$839$239
31 years$3,371$2,387$1,655$1,128$758$205
32 years$3,230$2,258$1,544$1,037$686$176
33 years$3,098$2,139$1,442$953$621$151
34 years$2,974$2,027$1,347$877$562$130
35 years$2,858$1,922$1,259$807$509$112
36 years$2,748$1,825$1,178$744$461$96
37 years$2,644$1,733$1,103$685$418$82
38 years$2,546$1,647$1,033$632$379$71
39 years$2,453$1,566$968$582$344$61
40 years$2,365$1,490$907$537$312$52
41 years$2,282$1,418$850$496$283$45
42 years$2,203$1,351$798$457$257$39
43 years$2,127$1,287$748$422$233$33
44 years$2,055$1,227$703$390$211$29
45 years$1,987$1,170$660$360$192$25
46 years$1,922$1,116$620$333$174$21
47 years$1,860$1,065$582$307$158$18
48 years$1,800$1,017$547$284$144$16
49 years$1,743$971$514$262$130$13
50 years$1,689$927$483$242$119$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,730,000, adding $4,995 every year, while hoping to spend $42,322 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: 66/9/25 Blend
46$1,730,000$1,730,000$1,730,000$1,730,000
47$1,911,612$1,819,922$1,793,107$2,025,054
48$2,061,567$1,864,068$1,808,146$2,146,192
49$2,225,398$1,908,959$1,822,270$2,273,351
50$2,404,476$1,954,586$1,835,405$2,411,417
51$2,600,312$2,000,940$1,847,469$2,561,466
52$2,814,566$2,048,008$1,858,382$2,724,685
53$3,049,068$2,095,777$1,868,054$2,902,381
54$3,305,833$2,144,230$1,876,394$3,095,993
55$3,587,079$2,193,348$1,883,304$3,307,109
56$3,895,250$2,243,111$1,888,684$3,537,477
57$4,233,037$2,293,495$1,892,426$3,789,025
58$4,603,402$2,344,472$1,894,418$4,063,877
59$5,009,611$2,396,013$1,894,543$4,364,374
60$5,455,258$2,448,084$1,892,677$4,693,096
61$5,944,303$2,500,649$1,888,690$5,052,885
62$6,481,107$2,553,666$1,882,447$5,446,876
63$7,070,476$2,607,092$1,873,805$5,878,523
64$7,717,702$2,660,877$1,862,615$6,351,631
65$8,428,616$2,714,967$1,848,720$6,870,395
66$9,209,639$2,769,305$1,831,956$7,439,440
67$10,067,847$2,823,826$1,812,152$8,063,861
68$11,011,036$2,878,462$1,789,128$8,749,276
69$12,047,793$2,933,138$1,762,694$9,501,873
70$13,187,578$2,987,772$1,732,655$10,328,476
71$14,440,815$3,042,277$1,698,803$11,236,604
72$15,818,987$3,096,557$1,660,922$12,234,545
73$17,334,747$3,150,512$1,618,786$13,331,434
74$19,002,034$3,204,030$1,572,159$14,537,338
75$20,836,208$3,256,994$1,520,792$15,863,352
76$22,854,191$3,309,276$1,464,428$17,321,706
77$25,074,627$3,360,740$1,402,796$18,925,879
78$27,518,061$3,411,238$1,335,611$20,690,726
79$30,207,129$3,460,614$1,262,580$22,632,619
80$33,166,772$3,508,700$1,183,392$24,769,603
81$36,424,472$3,555,316$1,097,725$27,121,567
82$40,010,509$3,600,268$1,005,240$29,710,428
83$43,958,251$3,643,351$905,586$32,560,345
84$48,304,463$3,684,345$798,393$35,697,943
85$53,089,656$3,723,016$683,277$39,152,564
86$58,358,471$3,759,113$559,836$42,956,550
87$64,160,095$3,792,369$427,651$47,145,543
88$70,548,730$3,822,501$286,282$51,758,824
89$77,584,101$3,849,204$135,273$56,839,688
90$85,332,021$3,872,157$0$62,435,846
91$93,865,011$3,891,017$0$68,606,789
92$103,262,983$3,905,418$0$75,442,522
93$113,613,997$3,914,972$0$82,970,933
94$125,015,086$3,919,268$0$91,262,558
95$137,573,180$3,917,867$0$100,395,125
96$151,406,105$3,910,303$0$110,454,288
97$166,643,703$3,896,083$0$121,534,435
98$183,429,053$3,874,683$0$133,739,579
99$201,919,821$3,845,547$0$147,184,342
100$222,289,748$3,808,085$0$161,995,031