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%12.7%
1 years$145,339$144,045$142,781$141,549$140,345$138,764
2 years$71,950$70,610$69,311$68,052$66,831$65,239
3 years$47,490$46,144$44,849$43,602$42,400$40,847
4 years$35,263$33,921$32,639$31,413$30,240$28,738
5 years$27,928$26,595$25,329$24,128$22,988$21,541
6 years$23,040$21,716$20,470$19,295$18,190$16,800
7 years$19,550$18,237$17,010$15,864$14,793$13,461
8 years$16,933$15,633$14,426$13,308$12,272$10,997
9 years$14,900$13,611$12,425$11,335$10,335$9,117
10 years$13,273$11,998$10,833$9,771$8,806$7,644
11 years$11,944$10,681$9,537$8,504$7,573$6,466
12 years$10,836$9,586$8,464$7,459$6,563$5,510
13 years$9,900$8,663$7,562$6,585$5,723$4,723
14 years$9,099$7,875$6,794$5,846$5,017$4,068
15 years$8,404$7,194$6,134$5,213$4,417$3,518
16 years$7,797$6,600$5,562$4,668$3,904$3,053
17 years$7,263$6,078$5,061$4,194$3,461$2,657
18 years$6,788$5,617$4,620$3,780$3,078$2,318
19 years$6,363$5,206$4,229$3,415$2,743$2,027
20 years$5,982$4,837$3,881$3,093$2,450$1,775
21 years$5,637$4,506$3,570$2,807$2,193$1,558
22 years$5,324$4,206$3,290$2,552$1,966$1,368
23 years$5,039$3,934$3,038$2,325$1,764$1,204
24 years$4,777$3,686$2,810$2,120$1,586$1,060
25 years$4,538$3,459$2,602$1,936$1,427$934
26 years$4,316$3,251$2,414$1,770$1,285$824
27 years$4,112$3,059$2,241$1,620$1,159$727
28 years$3,923$2,883$2,084$1,485$1,046$642
29 years$3,747$2,720$1,939$1,361$944$568
30 years$3,583$2,568$1,806$1,250$853$502
31 years$3,429$2,428$1,684$1,148$771$444
32 years$3,286$2,297$1,571$1,055$698$393
33 years$3,152$2,176$1,467$970$631$348
34 years$3,026$2,062$1,370$892$572$308
35 years$2,907$1,956$1,281$821$518$273
36 years$2,795$1,856$1,199$757$469$241
37 years$2,690$1,763$1,122$697$425$214
38 years$2,590$1,676$1,051$642$386$190
39 years$2,496$1,593$984$592$350$168
40 years$2,406$1,516$923$546$317$149
41 years$2,321$1,443$865$504$288$132
42 years$2,241$1,374$811$465$261$117
43 years$2,164$1,309$761$429$237$104
44 years$2,091$1,248$715$397$215$92
45 years$2,022$1,190$671$366$195$82
46 years$1,955$1,135$630$338$177$72
47 years$1,892$1,083$592$313$161$64
48 years$1,832$1,034$557$289$146$57
49 years$1,774$988$523$267$133$50
50 years$1,718$944$492$247$121$45

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 $6,714 every year, while hoping to spend $48,215 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: 69/15/16 Blend
46$1,760,000$1,760,000$1,760,000$1,760,000
47$1,946,445$1,853,165$1,825,885$2,072,987
48$2,093,683$1,892,670$1,835,752$2,197,629
49$2,254,322$1,932,495$1,844,334$2,327,595
50$2,429,679$1,972,604$1,851,536$2,468,574
51$2,621,204$2,012,959$1,857,259$2,621,645
52$2,830,491$2,053,518$1,861,402$2,787,997
53$3,059,295$2,094,234$1,863,853$2,968,939
54$3,309,551$2,135,059$1,864,499$3,165,916
55$3,583,386$2,175,938$1,863,221$3,380,517
56$3,883,145$2,216,812$1,859,892$3,614,496
57$4,211,408$2,257,619$1,854,381$3,869,782
58$4,571,017$2,298,288$1,846,549$4,148,503
59$4,965,103$2,338,746$1,836,250$4,453,005
60$5,397,113$2,378,914$1,823,334$4,785,870
61$5,870,844$2,418,706$1,807,641$5,149,946
62$6,390,476$2,458,029$1,789,003$5,548,371
63$6,960,617$2,496,784$1,767,247$5,984,602
64$7,586,338$2,534,865$1,742,188$6,462,450
65$8,273,229$2,572,158$1,713,636$6,986,116
66$9,027,445$2,608,540$1,681,389$7,560,226
67$9,855,767$2,643,881$1,645,238$8,189,884
68$10,765,665$2,678,041$1,604,963$8,880,709
69$11,765,367$2,710,870$1,560,334$9,638,898
70$12,863,940$2,742,208$1,511,110$10,471,280
71$14,071,370$2,771,884$1,457,041$11,385,379
72$15,398,660$2,799,716$1,397,862$12,389,492
73$16,857,932$2,825,511$1,333,299$13,492,758
74$18,462,541$2,849,061$1,263,064$14,705,254
75$20,227,201$2,870,146$1,186,857$16,038,083
76$22,168,122$2,888,530$1,104,364$17,503,483
77$24,303,167$2,903,964$1,015,257$19,114,942
78$26,652,014$2,916,182$919,192$20,887,325
79$29,236,346$2,924,901$815,811$22,837,017
80$32,080,053$2,929,822$704,741$24,982,074
81$35,209,459$2,930,623$585,590$27,342,397
82$38,653,567$2,926,967$457,951$29,939,920
83$42,444,336$2,918,494$321,397$32,798,816
84$46,616,978$2,904,820$175,484$35,945,728
85$51,210,295$2,885,541$19,747$39,410,018
86$56,267,039$2,860,226$0$43,224,047
87$61,834,319$2,828,420$0$47,448,485
88$67,964,046$2,789,639$0$52,102,858
89$74,713,417$2,743,370$0$57,227,205
90$82,145,461$2,689,070$0$62,869,365
91$90,329,629$2,626,165$0$69,082,055
92$99,342,450$2,554,046$0$75,923,371
93$109,268,253$2,472,068$0$83,457,334
94$120,199,964$2,379,548$0$91,754,493
95$132,239,979$2,275,764$0$100,892,596
96$145,501,133$2,159,953$0$110,957,319
97$160,107,765$2,031,307$0$122,043,078
98$176,196,887$1,888,971$0$134,253,920
99$193,919,480$1,732,042$0$147,704,506
100$213,441,920$1,559,564$0$162,521,192