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%12.6%
1 years$144,513$143,226$141,970$140,744$139,547$138,033
2 years$71,541$70,209$68,918$67,666$66,451$64,926
3 years$47,220$45,882$44,594$43,354$42,159$40,671
4 years$35,062$33,728$32,453$31,234$30,068$28,629
5 years$27,769$26,443$25,185$23,991$22,858$21,470
6 years$22,909$21,593$20,353$19,186$18,086$16,753
7 years$19,439$18,134$16,914$15,774$14,709$13,431
8 years$16,837$15,544$14,344$13,232$12,203$10,979
9 years$14,815$13,534$12,355$11,271$10,276$9,107
10 years$13,198$11,929$10,771$9,716$8,756$7,641
11 years$11,876$10,620$9,483$8,455$7,530$6,468
12 years$10,775$9,532$8,416$7,417$6,526$5,514
13 years$9,844$8,614$7,519$6,548$5,691$4,730
14 years$9,047$7,830$6,756$5,812$4,988$4,076
15 years$8,357$7,153$6,099$5,184$4,392$3,528
16 years$7,753$6,563$5,530$4,641$3,882$3,063
17 years$7,221$6,044$5,032$4,170$3,442$2,668
18 years$6,749$5,585$4,594$3,758$3,060$2,329
19 years$6,327$5,176$4,205$3,396$2,728$2,038
20 years$5,948$4,810$3,859$3,076$2,436$1,787
21 years$5,605$4,480$3,550$2,791$2,180$1,569
22 years$5,294$4,182$3,272$2,538$1,954$1,379
23 years$5,010$3,911$3,021$2,311$1,754$1,214
24 years$4,750$3,665$2,794$2,108$1,577$1,070
25 years$4,512$3,439$2,588$1,925$1,419$944
26 years$4,292$3,232$2,400$1,760$1,278$833
27 years$4,089$3,042$2,229$1,611$1,152$736
28 years$3,900$2,866$2,072$1,476$1,040$650
29 years$3,725$2,704$1,928$1,354$939$575
30 years$3,562$2,554$1,796$1,242$848$509
31 years$3,410$2,414$1,674$1,141$767$451
32 years$3,268$2,284$1,562$1,049$694$399
33 years$3,134$2,163$1,458$964$628$353
34 years$3,009$2,050$1,363$887$568$313
35 years$2,891$1,945$1,274$817$515$278
36 years$2,779$1,846$1,192$752$467$246
37 years$2,674$1,753$1,116$693$423$218
38 years$2,575$1,666$1,045$639$383$194
39 years$2,481$1,584$979$589$348$172
40 years$2,393$1,507$917$543$315$152
41 years$2,308$1,435$860$501$286$135
42 years$2,228$1,366$807$463$260$120
43 years$2,152$1,302$757$427$236$106
44 years$2,079$1,241$711$394$214$94
45 years$2,010$1,183$667$364$194$84
46 years$1,944$1,129$627$336$176$74
47 years$1,881$1,077$589$311$160$66
48 years$1,821$1,028$553$287$145$59
49 years$1,764$982$520$265$132$52
50 years$1,709$938$489$245$120$46

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 $5,796 every year, while hoping to spend $37,748 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: 51/27/22 Blend
46$1,750,000$1,750,000$1,750,000$1,750,000
47$1,934,479$1,841,729$1,814,604$2,021,001
48$2,091,632$1,891,810$1,835,229$2,131,549
49$2,263,550$1,943,080$1,855,281$2,247,342
50$2,451,698$1,995,557$1,874,699$2,372,458
51$2,657,691$2,049,259$1,893,421$2,507,796
52$2,883,307$2,104,205$1,911,383$2,654,343
53$3,130,504$2,160,410$1,928,513$2,813,191
54$3,401,437$2,217,892$1,944,741$2,985,538
55$3,698,482$2,276,667$1,959,987$3,172,708
56$4,024,254$2,336,750$1,974,173$3,376,154
57$4,381,632$2,398,155$1,987,213$3,597,483
58$4,773,791$2,460,897$1,999,017$3,838,460
59$5,204,225$2,524,988$2,009,491$4,101,031
60$5,676,783$2,590,440$2,018,536$4,387,342
61$6,195,707$2,657,264$2,026,049$4,699,756
62$6,765,668$2,725,468$2,031,921$5,040,875
63$7,391,811$2,795,062$2,036,035$5,413,569
64$8,079,807$2,866,051$2,038,274$5,820,998
65$8,835,900$2,938,440$2,038,509$6,266,644
66$9,666,972$3,012,233$2,036,608$6,754,347
67$10,580,601$3,087,431$2,032,433$7,288,335
68$11,585,140$3,164,033$2,025,837$7,873,268
69$12,689,790$3,242,036$2,016,668$8,514,282
70$13,904,687$3,321,434$2,004,765$9,217,036
71$15,241,001$3,402,220$1,989,961$9,987,768
72$16,711,037$3,484,383$1,972,078$10,833,350
73$18,328,353$3,567,908$1,950,933$11,761,357
74$20,107,889$3,652,779$1,926,333$12,780,135
75$22,066,104$3,738,975$1,898,075$13,898,885
76$24,221,133$3,826,472$1,865,948$15,127,744
77$26,592,961$3,915,241$1,829,729$16,477,885
78$29,203,605$4,005,250$1,789,187$17,961,620
79$32,077,327$4,096,462$1,744,079$19,592,520
80$35,240,859$4,188,834$1,694,151$21,385,539
81$38,723,659$4,282,319$1,639,137$23,357,159
82$42,558,184$4,376,864$1,578,760$25,525,544
83$46,780,198$4,472,410$1,512,728$27,910,713
84$51,429,112$4,568,892$1,440,738$30,534,726
85$56,548,352$4,666,237$1,362,473$33,421,897
86$62,185,768$4,764,367$1,277,600$36,599,023
87$68,394,089$4,863,194$1,185,772$40,095,634
88$75,231,418$4,962,623$1,086,628$43,944,276
89$82,761,781$5,062,549$979,788$48,180,818
90$91,055,728$5,162,860$864,856$52,844,789
91$100,191,004$5,263,431$741,420$57,979,754
92$110,253,277$5,364,130$609,048$63,633,725
93$121,336,949$5,464,811$467,290$69,859,614
94$133,546,049$5,565,317$315,675$76,715,737
95$146,995,207$5,665,479$153,711$84,266,359
96$161,810,744$5,765,114$0$92,582,306
97$178,131,861$5,864,024$0$101,746,127
98$196,111,948$5,961,999$0$111,878,150
99$215,920,039$6,058,810$0$123,037,190
100$237,742,403$6,154,211$0$135,327,863