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%13.7%
1 years$142,862$141,589$140,348$139,136$137,953$135,835
2 years$70,724$69,406$68,130$66,892$65,692$63,563
3 years$46,681$45,358$44,085$42,859$41,678$39,605
4 years$34,662$33,343$32,082$30,877$29,725$27,723
5 years$27,452$26,141$24,897$23,717$22,596$20,672
6 years$22,647$21,346$20,121$18,966$17,880$16,035
7 years$19,217$17,927$16,720$15,593$14,541$12,776
8 years$16,645$15,366$14,180$13,081$12,063$10,378
9 years$14,646$13,379$12,213$11,142$10,159$8,553
10 years$13,047$11,793$10,648$9,604$8,656$7,128
11 years$11,740$10,499$9,374$8,359$7,444$5,992
12 years$10,652$9,423$8,319$7,332$6,451$5,074
13 years$9,732$8,516$7,433$6,473$5,626$4,320
14 years$8,943$7,741$6,678$5,746$4,931$3,696
15 years$8,261$7,071$6,030$5,124$4,342$3,175
16 years$7,665$6,488$5,467$4,588$3,837$2,736
17 years$7,139$5,975$4,975$4,123$3,402$2,365
18 years$6,672$5,521$4,541$3,715$3,025$2,048
19 years$6,255$5,117$4,157$3,357$2,697$1,778
20 years$5,880$4,755$3,815$3,040$2,409$1,546
21 years$5,541$4,429$3,509$2,759$2,155$1,346
22 years$5,233$4,134$3,234$2,509$1,932$1,174
23 years$4,953$3,867$2,986$2,285$1,734$1,025
24 years$4,696$3,623$2,762$2,084$1,559$895
25 years$4,460$3,400$2,558$1,903$1,403$783
26 years$4,243$3,195$2,372$1,740$1,264$685
27 years$4,042$3,007$2,203$1,593$1,139$600
28 years$3,856$2,834$2,048$1,459$1,028$525
29 years$3,683$2,673$1,906$1,338$928$461
30 years$3,522$2,525$1,775$1,228$839$404
31 years$3,371$2,387$1,655$1,128$758$354
32 years$3,230$2,258$1,544$1,037$686$311
33 years$3,098$2,139$1,442$953$621$273
34 years$2,974$2,027$1,347$877$562$240
35 years$2,858$1,922$1,259$807$509$210
36 years$2,748$1,825$1,178$744$461$185
37 years$2,644$1,733$1,103$685$418$162
38 years$2,546$1,647$1,033$632$379$143
39 years$2,453$1,566$968$582$344$125
40 years$2,365$1,490$907$537$312$110
41 years$2,282$1,418$850$496$283$97
42 years$2,203$1,351$798$457$257$85
43 years$2,127$1,287$748$422$233$75
44 years$2,055$1,227$703$390$211$66
45 years$1,987$1,170$660$360$192$58
46 years$1,922$1,116$620$333$174$51
47 years$1,860$1,065$582$307$158$45
48 years$1,800$1,017$547$284$144$39
49 years$1,743$971$514$262$130$35
50 years$1,689$927$483$242$119$30

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 $5,728 every year, while hoping to spend $52,833 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: 65/20/15 Blend
46$1,730,000$1,730,000$1,730,000$1,730,000
47$1,912,368$1,820,678$1,793,863$2,029,422
48$2,051,216$1,853,678$1,797,744$2,141,443
49$2,202,456$1,886,523$1,799,984$2,257,158
50$2,367,295$1,919,152$1,800,472$2,382,302
51$2,547,064$1,951,495$1,799,093$2,517,795
52$2,743,226$1,983,480$1,795,724$2,664,651
53$2,957,391$2,015,027$1,790,237$2,823,989
54$3,191,334$2,046,052$1,782,499$2,997,040
55$3,447,007$2,076,465$1,772,369$3,185,161
56$3,726,557$2,106,168$1,759,699$3,389,849
57$4,032,353$2,135,057$1,744,336$3,612,753
58$4,366,998$2,163,020$1,726,117$3,855,692
59$4,733,363$2,189,939$1,704,873$4,120,670
60$5,134,607$2,215,687$1,680,427$4,409,895
61$5,574,208$2,240,127$1,652,592$4,725,802
62$6,055,999$2,263,115$1,621,176$5,071,076
63$6,584,199$2,284,495$1,585,973$5,448,676
64$7,163,455$2,304,103$1,546,771$5,861,862
65$7,798,887$2,321,764$1,503,348$6,314,232
66$8,496,133$2,337,290$1,455,469$6,809,748
67$9,261,404$2,350,483$1,402,893$7,352,779
68$10,101,540$2,361,129$1,345,363$7,948,143
69$11,024,078$2,369,005$1,282,613$8,601,148
70$12,037,318$2,373,870$1,214,364$9,317,648
71$13,150,405$2,375,471$1,140,326$10,104,095
72$14,373,413$2,373,536$1,060,195$10,967,600
73$15,717,441$2,367,779$973,651$11,916,006
74$17,194,715$2,357,895$880,363$12,957,953
75$18,818,705$2,343,561$779,984$14,102,970
76$20,604,250$2,324,433$672,151$15,361,558
77$22,567,702$2,300,148$556,486$16,745,295
78$24,727,073$2,270,321$432,594$18,266,942
79$27,102,210$2,234,542$300,061$19,940,564
80$29,714,979$2,192,378$158,457$21,781,669
81$32,589,474$2,143,372$7,332$23,807,347
82$35,752,240$2,087,036$0$26,036,440
83$39,232,525$2,022,858$0$28,514,353
84$43,062,556$1,950,291$0$31,242,192
85$47,277,842$1,868,761$0$34,244,097
86$51,917,509$1,777,657$0$37,547,964
87$57,024,667$1,676,335$0$41,184,540
88$62,646,821$1,564,113$0$45,187,705
89$68,836,311$1,440,269$0$49,594,802
90$75,650,815$1,304,042$0$54,446,984
91$83,153,883$1,154,625$0$59,789,603
92$91,415,545$991,168$0$65,672,641
93$100,512,965$812,770$0$72,151,184
94$110,531,173$618,481$0$79,285,936
95$121,563,864$407,297$0$87,143,801
96$133,714,282$178,159$0$95,798,510
97$147,096,196$0$0$105,331,320
98$161,834,972$0$0$115,847,199
99$178,068,754$0$0$127,473,089
100$195,949,770$0$0$140,278,818