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%15%
1 years$144,513$143,226$141,970$140,744$139,547$136,674
2 years$71,541$70,209$68,918$67,666$66,451$63,569
3 years$47,220$45,882$44,594$43,354$42,159$39,359
4 years$35,062$33,728$32,453$31,234$30,068$27,371
5 years$27,769$26,443$25,185$23,991$22,858$20,271
6 years$22,909$21,593$20,353$19,186$18,086$15,613
7 years$19,439$18,134$16,914$15,774$14,709$12,350
8 years$16,837$15,544$14,344$13,232$12,203$9,957
9 years$14,815$13,534$12,355$11,271$10,276$8,142
10 years$13,198$11,929$10,771$9,716$8,756$6,731
11 years$11,876$10,620$9,483$8,455$7,530$5,613
12 years$10,775$9,532$8,416$7,417$6,526$4,713
13 years$9,844$8,614$7,519$6,548$5,691$3,979
14 years$9,047$7,830$6,756$5,812$4,988$3,374
15 years$8,357$7,153$6,099$5,184$4,392$2,872
16 years$7,753$6,563$5,530$4,641$3,882$2,453
17 years$7,221$6,044$5,032$4,170$3,442$2,100
18 years$6,749$5,585$4,594$3,758$3,060$1,802
19 years$6,327$5,176$4,205$3,396$2,728$1,549
20 years$5,948$4,810$3,859$3,076$2,436$1,334
21 years$5,605$4,480$3,550$2,791$2,180$1,150
22 years$5,294$4,182$3,272$2,538$1,954$993
23 years$5,010$3,911$3,021$2,311$1,754$858
24 years$4,750$3,665$2,794$2,108$1,577$742
25 years$4,512$3,439$2,588$1,925$1,419$642
26 years$4,292$3,232$2,400$1,760$1,278$556
27 years$4,089$3,042$2,229$1,611$1,152$482
28 years$3,900$2,866$2,072$1,476$1,040$418
29 years$3,725$2,704$1,928$1,354$939$362
30 years$3,562$2,554$1,796$1,242$848$314
31 years$3,410$2,414$1,674$1,141$767$273
32 years$3,268$2,284$1,562$1,049$694$237
33 years$3,134$2,163$1,458$964$628$206
34 years$3,009$2,050$1,363$887$568$179
35 years$2,891$1,945$1,274$817$515$155
36 years$2,779$1,846$1,192$752$467$135
37 years$2,674$1,753$1,116$693$423$117
38 years$2,575$1,666$1,045$639$383$102
39 years$2,481$1,584$979$589$348$88
40 years$2,393$1,507$917$543$315$77
41 years$2,308$1,435$860$501$286$67
42 years$2,228$1,366$807$463$260$58
43 years$2,152$1,302$757$427$236$50
44 years$2,079$1,241$711$394$214$44
45 years$2,010$1,183$667$364$194$38
46 years$1,944$1,129$627$336$176$33
47 years$1,881$1,077$589$311$160$29
48 years$1,821$1,028$553$287$145$25
49 years$1,764$982$520$265$132$22
50 years$1,709$938$489$245$120$19

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 $6,868 every year, while hoping to spend $21,192 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: 74/17/9 Blend
46$1,750,000$1,750,000$1,750,000$1,750,000
47$1,935,584$1,842,834$1,815,709$2,075,336
48$2,110,466$1,910,585$1,853,987$2,236,164
49$2,302,475$1,980,945$1,892,838$2,408,966
50$2,513,336$2,054,021$1,932,257$2,597,681
51$2,744,950$2,129,921$1,972,241$2,803,877
52$2,999,409$2,208,761$2,012,784$3,029,281
53$3,279,018$2,290,660$2,053,882$3,275,795
54$3,586,318$2,375,742$2,095,528$3,545,510
55$3,924,107$2,464,138$2,137,712$3,840,732
56$4,295,468$2,555,983$2,180,428$4,163,999
57$4,703,798$2,651,419$2,223,664$4,518,103
58$5,152,838$2,750,591$2,267,410$4,906,122
59$5,646,712$2,853,654$2,311,653$5,331,445
60$6,189,962$2,960,769$2,356,379$5,797,803
61$6,787,594$3,072,102$2,401,572$6,309,307
62$7,445,120$3,187,827$2,447,217$6,870,482
63$8,168,618$3,308,126$2,493,294$7,486,314
64$8,964,781$3,433,188$2,539,784$8,162,294
65$9,840,987$3,563,212$2,586,665$8,904,471
66$10,805,362$3,698,404$2,633,912$9,719,508
67$11,866,862$3,838,979$2,681,502$10,614,743
68$13,035,355$3,985,162$2,729,405$11,598,261
69$14,321,713$4,137,187$2,777,592$12,678,968
70$15,737,918$4,295,299$2,826,031$13,866,675
71$17,297,170$4,459,754$2,874,688$15,172,189
72$19,014,017$4,630,817$2,923,525$16,607,417
73$20,904,487$4,808,767$2,972,503$18,185,476
74$22,986,242$4,993,894$3,021,580$19,920,819
75$25,278,746$5,186,502$3,070,710$21,829,365
76$27,803,444$5,386,907$3,119,845$23,928,657
77$30,583,968$5,595,438$3,168,933$26,238,020
78$33,646,361$5,812,442$3,217,920$28,778,746
79$37,019,316$6,038,278$3,266,747$31,574,295
80$40,734,455$6,273,323$3,315,351$34,650,514
81$44,826,622$6,517,969$3,363,668$38,035,883
82$49,334,214$6,772,625$3,411,627$41,761,779
83$54,299,541$7,037,721$3,459,154$45,862,776
84$59,769,229$7,313,704$3,506,170$50,376,969
85$65,794,655$7,601,040$3,552,592$55,346,331
86$72,432,437$7,900,219$3,598,331$60,817,111
87$79,744,965$8,211,749$3,643,295$66,840,269
88$87,800,990$8,536,163$3,687,384$73,471,956
89$96,676,274$8,874,018$3,730,494$80,774,046
90$106,454,304$9,225,895$3,772,515$88,814,712
91$117,227,079$9,592,400$3,813,331$97,669,077
92$129,095,983$9,974,169$3,852,819$107,419,919
93$142,172,735$10,371,865$3,890,850$118,158,448
94$156,580,447$10,786,180$3,927,287$129,985,172
95$172,454,788$11,217,838$3,961,987$143,010,842
96$189,945,261$11,667,597$3,994,798$157,357,495
97$209,216,615$12,136,246$4,025,560$173,159,608
98$230,450,400$12,624,612$4,054,107$190,565,362
99$253,846,682$13,133,560$4,080,262$209,738,047
100$279,625,931$13,663,992$4,103,838$230,857,594