Can I retire at age 47 with 1,760,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$145,339$144,045$142,781$141,549$140,345$138,995
2 years$71,950$70,610$69,311$68,052$66,831$65,471
3 years$47,490$46,144$44,849$43,602$42,400$41,073
4 years$35,263$33,921$32,639$31,413$30,240$28,955
5 years$27,928$26,595$25,329$24,128$22,988$21,749
6 years$23,040$21,716$20,470$19,295$18,190$16,998
7 years$19,550$18,237$17,010$15,864$14,793$13,650
8 years$16,933$15,633$14,426$13,308$12,272$11,178
9 years$14,900$13,611$12,425$11,335$10,335$9,288
10 years$13,273$11,998$10,833$9,771$8,806$7,806
11 years$11,944$10,681$9,537$8,504$7,573$6,620
12 years$10,836$9,586$8,464$7,459$6,563$5,655
13 years$9,900$8,663$7,562$6,585$5,723$4,860
14 years$9,099$7,875$6,794$5,846$5,017$4,197
15 years$8,404$7,194$6,134$5,213$4,417$3,639
16 years$7,797$6,600$5,562$4,668$3,904$3,167
17 years$7,263$6,078$5,061$4,194$3,461$2,764
18 years$6,788$5,617$4,620$3,780$3,078$2,418
19 years$6,363$5,206$4,229$3,415$2,743$2,121
20 years$5,982$4,837$3,881$3,093$2,450$1,863
21 years$5,637$4,506$3,570$2,807$2,193$1,639
22 years$5,324$4,206$3,290$2,552$1,966$1,445
23 years$5,039$3,934$3,038$2,325$1,764$1,275
24 years$4,777$3,686$2,810$2,120$1,586$1,126
25 years$4,538$3,459$2,602$1,936$1,427$995
26 years$4,316$3,251$2,414$1,770$1,285$881
27 years$4,112$3,059$2,241$1,620$1,159$780
28 years$3,923$2,883$2,084$1,485$1,046$691
29 years$3,747$2,720$1,939$1,361$944$613
30 years$3,583$2,568$1,806$1,250$853$543
31 years$3,429$2,428$1,684$1,148$771$482
32 years$3,286$2,297$1,571$1,055$698$428
33 years$3,152$2,176$1,467$970$631$380
34 years$3,026$2,062$1,370$892$572$338
35 years$2,907$1,956$1,281$821$518$300
36 years$2,795$1,856$1,199$757$469$267
37 years$2,690$1,763$1,122$697$425$237
38 years$2,590$1,676$1,051$642$386$211
39 years$2,496$1,593$984$592$350$187
40 years$2,406$1,516$923$546$317$167
41 years$2,321$1,443$865$504$288$148
42 years$2,241$1,374$811$465$261$132
43 years$2,164$1,309$761$429$237$117
44 years$2,091$1,248$715$397$215$104
45 years$2,022$1,190$671$366$195$93
46 years$1,955$1,135$630$338$177$83
47 years$1,892$1,083$592$313$161$74
48 years$1,832$1,034$557$289$146$66
49 years$1,774$988$523$267$133$58
50 years$1,718$944$492$247$121$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,760,000, adding $6,507 every year, while hoping to spend $42,584 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: 43/50/7 Blend
46$1,760,000$1,760,000$1,760,000$1,760,000
47$1,946,232$1,852,952$1,825,672$2,025,718
48$2,099,439$1,898,438$1,841,523$2,126,999
49$2,266,845$1,944,725$1,856,478$2,231,787
50$2,449,855$1,991,808$1,870,461$2,344,318
51$2,650,013$2,039,679$1,883,395$2,465,317
52$2,869,021$2,088,330$1,895,195$2,595,578
53$3,108,752$2,137,749$1,905,775$2,735,977
54$3,371,269$2,187,923$1,915,042$2,887,477
55$3,658,843$2,238,836$1,922,901$3,051,142
56$3,973,977$2,290,471$1,929,250$3,228,138
57$4,319,425$2,342,807$1,933,983$3,419,754
58$4,698,222$2,395,820$1,936,987$3,627,407
59$5,113,710$2,449,485$1,938,146$3,852,659
60$5,569,571$2,503,772$1,937,336$4,097,230
61$6,069,859$2,558,648$1,934,428$4,363,015
62$6,619,040$2,614,077$1,929,287$4,652,101
63$7,222,034$2,670,019$1,921,770$4,966,790
64$7,884,261$2,726,429$1,911,729$5,309,614
65$8,611,691$2,783,260$1,899,007$5,683,367
66$9,410,900$2,840,457$1,883,441$6,091,125
67$10,289,135$2,897,962$1,864,859$6,536,279
68$11,254,377$2,955,712$1,843,082$7,022,565
69$12,315,419$3,013,638$1,817,921$7,554,100
70$13,481,951$3,071,665$1,789,180$8,135,422
71$14,764,645$3,129,712$1,756,653$8,771,531
72$16,175,261$3,187,690$1,720,123$9,467,938
73$17,726,755$3,245,505$1,679,365$10,230,717
74$19,433,403$3,303,053$1,634,143$11,066,561
75$21,310,933$3,360,225$1,584,209$11,982,848
76$23,376,673$3,416,901$1,529,305$12,987,707
77$25,649,717$3,472,953$1,469,160$14,090,100
78$28,151,104$3,528,243$1,403,492$15,299,904
79$30,904,013$3,582,624$1,332,006$16,628,005
80$33,933,986$3,635,936$1,254,392$18,086,399
81$37,269,166$3,688,010$1,170,327$19,688,311
82$40,940,562$3,738,664$1,079,474$21,448,315
83$44,982,344$3,787,703$981,481$23,382,475
84$49,432,162$3,834,919$875,980$25,508,497
85$54,331,502$3,880,090$762,585$27,845,895
86$59,726,079$3,922,978$640,895$30,416,178
87$65,666,265$3,963,329$510,490$33,243,052
88$72,207,565$4,000,874$370,933$36,352,647
89$79,411,143$4,035,324$221,766$39,773,761
90$87,344,396$4,066,371$62,512$43,538,135
91$96,081,591$4,093,689$0$47,680,754
92$105,704,563$4,116,930$0$52,248,203
93$116,303,492$4,135,723$0$57,280,459
94$127,977,749$4,149,674$0$62,819,731
95$140,836,836$4,158,365$0$68,917,687
96$155,001,419$4,161,351$0$75,631,272
97$170,604,466$4,158,158$0$83,023,246
98$187,792,499$4,148,286$0$91,162,779
99$206,726,982$4,131,200$0$100,126,101
100$227,585,842$4,106,337$0$109,997,228