Can I retire at age 47 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$144,513$143,226$141,970$140,744$139,547$136,842
2 years$71,541$70,209$68,918$67,666$66,451$63,736
3 years$47,220$45,882$44,594$43,354$42,159$39,520
4 years$35,062$33,728$32,453$31,234$30,068$27,525
5 years$27,769$26,443$25,185$23,991$22,858$20,417
6 years$22,909$21,593$20,353$19,186$18,086$15,751
7 years$19,439$18,134$16,914$15,774$14,709$12,480
8 years$16,837$15,544$14,344$13,232$12,203$10,079
9 years$14,815$13,534$12,355$11,271$10,276$8,257
10 years$13,198$11,929$10,771$9,716$8,756$6,839
11 years$11,876$10,620$9,483$8,455$7,530$5,714
12 years$10,775$9,532$8,416$7,417$6,526$4,806
13 years$9,844$8,614$7,519$6,548$5,691$4,066
14 years$9,047$7,830$6,756$5,812$4,988$3,455
15 years$8,357$7,153$6,099$5,184$4,392$2,948
16 years$7,753$6,563$5,530$4,641$3,882$2,522
17 years$7,221$6,044$5,032$4,170$3,442$2,164
18 years$6,749$5,585$4,594$3,758$3,060$1,861
19 years$6,327$5,176$4,205$3,396$2,728$1,604
20 years$5,948$4,810$3,859$3,076$2,436$1,384
21 years$5,605$4,480$3,550$2,791$2,180$1,196
22 years$5,294$4,182$3,272$2,538$1,954$1,035
23 years$5,010$3,911$3,021$2,311$1,754$896
24 years$4,750$3,665$2,794$2,108$1,577$777
25 years$4,512$3,439$2,588$1,925$1,419$674
26 years$4,292$3,232$2,400$1,760$1,278$585
27 years$4,089$3,042$2,229$1,611$1,152$508
28 years$3,900$2,866$2,072$1,476$1,040$442
29 years$3,725$2,704$1,928$1,354$939$384
30 years$3,562$2,554$1,796$1,242$848$334
31 years$3,410$2,414$1,674$1,141$767$291
32 years$3,268$2,284$1,562$1,049$694$253
33 years$3,134$2,163$1,458$964$628$220
34 years$3,009$2,050$1,363$887$568$192
35 years$2,891$1,945$1,274$817$515$167
36 years$2,779$1,846$1,192$752$467$145
37 years$2,674$1,753$1,116$693$423$127
38 years$2,575$1,666$1,045$639$383$110
39 years$2,481$1,584$979$589$348$96
40 years$2,393$1,507$917$543$315$84
41 years$2,308$1,435$860$501$286$73
42 years$2,228$1,366$807$463$260$64
43 years$2,152$1,302$757$427$236$55
44 years$2,079$1,241$711$394$214$48
45 years$2,010$1,183$667$364$194$42
46 years$1,944$1,129$627$336$176$37
47 years$1,881$1,077$589$311$160$32
48 years$1,821$1,028$553$287$145$28
49 years$1,764$982$520$265$132$24
50 years$1,709$938$489$245$120$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,750,000, adding $2,821 every year, while hoping to spend $59,808 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: 77/8/15 Blend
46$1,750,000$1,750,000$1,750,000$1,750,000
47$1,931,410$1,838,660$1,811,535$2,073,757
48$2,064,778$1,865,119$1,808,586$2,194,511
49$2,209,746$1,890,870$1,803,534$2,319,075
50$2,367,433$1,915,815$1,796,245$2,454,023
51$2,539,071$1,939,850$1,786,579$2,600,370
52$2,726,016$1,962,862$1,774,389$2,759,234
53$2,929,760$1,984,733$1,759,522$2,931,848
54$3,151,945$2,005,335$1,741,816$3,119,570
55$3,394,379$2,024,532$1,721,102$3,323,896
56$3,659,050$2,042,179$1,697,203$3,546,474
57$3,948,149$2,058,121$1,669,936$3,789,122
58$4,264,087$2,072,195$1,639,104$4,053,840
59$4,609,516$2,084,225$1,604,507$4,342,836
60$4,987,360$2,094,025$1,565,931$4,658,540
61$5,400,835$2,101,397$1,523,154$5,003,633
62$5,853,485$2,106,131$1,475,945$5,381,065
63$6,349,211$2,108,001$1,424,059$5,794,093
64$6,892,309$2,106,772$1,367,244$6,246,301
65$7,487,511$2,102,190$1,305,233$6,741,644
66$8,140,027$2,093,987$1,237,748$7,284,477
67$8,855,596$2,081,879$1,164,499$7,879,601
68$9,640,541$2,065,565$1,085,183$8,532,309
69$10,501,822$2,044,724$999,483$9,248,432
70$11,447,109$2,019,017$907,067$10,034,398
71$12,484,850$1,988,084$807,590$10,897,292
72$13,624,349$1,951,545$700,689$11,844,922
73$14,875,858$1,908,996$585,987$12,885,895
74$16,250,669$1,860,010$463,091$14,029,694
75$17,761,220$1,804,133$331,587$15,286,775
76$19,421,217$1,740,888$191,048$16,668,659
77$21,245,756$1,669,767$41,023$18,188,045
78$23,251,471$1,590,233$0$19,858,930
79$25,456,686$1,501,720$0$21,715,800
80$27,881,591$1,403,627$0$23,764,842
81$30,548,428$1,295,319$0$26,018,306
82$33,481,704$1,176,126$0$28,496,929
83$36,708,420$1,045,339$0$31,223,562
84$40,258,327$902,208$0$34,223,387
85$44,164,202$745,942$0$37,524,151
86$48,462,161$575,704$0$41,156,428
87$53,191,998$390,610$0$45,153,911
88$58,397,559$189,727$0$49,553,726
89$64,127,157$0$0$54,396,785
90$70,434,024$0$0$59,730,630
91$77,376,819$0$0$65,620,752
92$85,020,171$0$0$72,105,290
93$93,435,300$0$0$79,244,675
94$102,700,678$0$0$87,105,493
95$112,902,776$0$0$95,761,117
96$124,136,878$0$0$105,292,397
97$136,507,975$0$0$115,788,423
98$150,131,762$0$0$127,347,364
99$165,135,725$0$0$140,077,395
100$181,660,343$0$0$154,097,718