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

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$145,339$144,045$142,781$141,549$140,345$137,906
2 years$71,950$70,610$69,311$68,052$66,831$64,382
3 years$47,490$46,144$44,849$43,602$42,400$40,017
4 years$35,263$33,921$32,639$31,413$30,240$27,942
5 years$27,928$26,595$25,329$24,128$22,988$20,780
6 years$23,040$21,716$20,470$19,295$18,190$16,075
7 years$19,550$18,237$17,010$15,864$14,793$12,773
8 years$16,933$15,633$14,426$13,308$12,272$10,346
9 years$14,900$13,611$12,425$11,335$10,335$8,501
10 years$13,273$11,998$10,833$9,771$8,806$7,062
11 years$11,944$10,681$9,537$8,504$7,573$5,919
12 years$10,836$9,586$8,464$7,459$6,563$4,995
13 years$9,900$8,663$7,562$6,585$5,723$4,240
14 years$9,099$7,875$6,794$5,846$5,017$3,615
15 years$8,404$7,194$6,134$5,213$4,417$3,095
16 years$7,797$6,600$5,562$4,668$3,904$2,658
17 years$7,263$6,078$5,061$4,194$3,461$2,288
18 years$6,788$5,617$4,620$3,780$3,078$1,975
19 years$6,363$5,206$4,229$3,415$2,743$1,708
20 years$5,982$4,837$3,881$3,093$2,450$1,480
21 years$5,637$4,506$3,570$2,807$2,193$1,284
22 years$5,324$4,206$3,290$2,552$1,966$1,115
23 years$5,039$3,934$3,038$2,325$1,764$969
24 years$4,777$3,686$2,810$2,120$1,586$844
25 years$4,538$3,459$2,602$1,936$1,427$735
26 years$4,316$3,251$2,414$1,770$1,285$641
27 years$4,112$3,059$2,241$1,620$1,159$559
28 years$3,923$2,883$2,084$1,485$1,046$487
29 years$3,747$2,720$1,939$1,361$944$425
30 years$3,583$2,568$1,806$1,250$853$372
31 years$3,429$2,428$1,684$1,148$771$325
32 years$3,286$2,297$1,571$1,055$698$284
33 years$3,152$2,176$1,467$970$631$248
34 years$3,026$2,062$1,370$892$572$217
35 years$2,907$1,956$1,281$821$518$190
36 years$2,795$1,856$1,199$757$469$166
37 years$2,690$1,763$1,122$697$425$145
38 years$2,590$1,676$1,051$642$386$127
39 years$2,496$1,593$984$592$350$111
40 years$2,406$1,516$923$546$317$97
41 years$2,321$1,443$865$504$288$85
42 years$2,241$1,374$811$465$261$74
43 years$2,164$1,309$761$429$237$65
44 years$2,091$1,248$715$397$215$57
45 years$2,022$1,190$671$366$195$50
46 years$1,955$1,135$630$338$177$44
47 years$1,892$1,083$592$313$161$38
48 years$1,832$1,034$557$289$146$33
49 years$1,774$988$523$267$133$29
50 years$1,718$944$492$247$121$26

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 $3,918 every year, while hoping to spend $45,019 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: 41/40/19 Blend
46$1,760,000$1,760,000$1,760,000$1,760,000
47$1,943,561$1,850,281$1,823,001$2,012,218
48$2,093,905$1,893,045$1,836,172$2,104,197
49$2,258,074$1,936,396$1,848,275$2,199,041
50$2,437,433$1,980,314$1,859,227$2,300,763
51$2,633,481$2,024,779$1,868,941$2,410,015
52$2,847,869$2,069,767$1,877,324$2,527,515
53$3,082,417$2,115,251$1,884,280$2,654,055
54$3,339,127$2,161,202$1,889,707$2,790,508
55$3,620,204$2,207,586$1,893,498$2,937,835
56$3,928,076$2,254,369$1,895,541$3,097,096
57$4,265,418$2,301,511$1,895,720$3,269,460
58$4,635,173$2,348,968$1,893,909$3,456,216
59$5,040,586$2,396,693$1,889,980$3,658,783
60$5,485,229$2,444,634$1,883,798$3,878,728
61$5,973,037$2,492,735$1,875,219$4,117,776
62$6,508,342$2,540,935$1,864,095$4,377,831
63$7,095,920$2,589,168$1,850,269$4,660,992
64$7,741,028$2,637,361$1,833,577$4,969,571
65$8,449,459$2,685,437$1,813,847$5,306,121
66$9,227,593$2,733,313$1,790,901$5,673,454
67$10,082,460$2,780,898$1,764,548$6,074,670
68$11,021,803$2,828,095$1,734,593$6,513,190
69$12,054,154$2,874,798$1,700,829$6,992,784
70$13,188,911$2,920,896$1,663,040$7,517,608
71$14,436,427$2,966,268$1,620,999$8,092,246
72$15,808,111$3,010,784$1,574,471$8,721,752
73$17,316,531$3,054,304$1,523,209$9,411,696
74$18,975,534$3,096,681$1,466,952$10,168,223
75$20,800,375$3,137,756$1,405,432$10,998,106
76$22,807,864$3,177,356$1,338,365$11,908,813
77$25,016,521$3,215,302$1,265,455$12,908,578
78$27,446,752$3,251,398$1,186,394$14,006,477
79$30,121,041$3,285,437$1,100,858$15,212,520
80$33,064,161$3,317,197$1,008,511$16,537,741
81$36,303,409$3,346,443$909,000$17,994,305
82$39,868,862$3,372,924$801,956$19,595,624
83$43,793,659$3,396,370$686,995$21,356,484
84$48,114,318$3,416,499$563,715$23,293,185
85$52,871,076$3,433,005$431,697$25,423,698
86$58,108,270$3,445,566$290,503$27,767,834
87$63,874,755$3,453,840$139,676$30,347,434
88$70,224,364$3,457,462$0$33,186,574
89$77,216,415$3,456,044$0$36,316,111
90$84,916,275$3,449,175$0$39,791,488
91$93,395,970$3,436,419$0$43,616,717
92$102,734,868$3,417,313$0$47,827,465
93$113,020,427$3,391,364$0$52,463,039
94$124,349,022$3,358,052$0$57,566,763
95$136,826,849$3,316,824$0$63,186,388
96$150,570,933$3,267,093$0$69,374,539
97$165,710,227$3,208,240$0$76,189,221
98$182,386,833$3,139,606$0$83,694,359
99$200,757,338$3,060,496$0$91,960,412
100$220,994,298$2,970,171$0$101,065,031