Can I retire at age 47 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$146,165$144,863$143,593$142,353$141,142$136,026
2 years$72,359$71,011$69,705$68,439$67,211$62,112
3 years$47,760$46,407$45,104$43,849$42,641$37,721
4 years$35,463$34,114$32,824$31,591$30,412$25,708
5 years$28,087$26,746$25,473$24,265$23,119$18,642
6 years$23,171$21,840$20,586$19,405$18,293$14,048
7 years$19,661$18,341$17,107$15,954$14,877$10,862
8 years$17,030$15,722$14,508$13,383$12,342$8,554
9 years$14,984$13,689$12,496$11,400$10,394$6,827
10 years$13,349$12,066$10,894$9,827$8,856$5,505
11 years$12,012$10,741$9,591$8,552$7,616$4,474
12 years$10,898$9,641$8,512$7,501$6,600$3,659
13 years$9,957$8,713$7,605$6,623$5,756$3,006
14 years$9,150$7,920$6,833$5,879$5,045$2,480
15 years$8,452$7,235$6,169$5,243$4,442$2,053
16 years$7,842$6,638$5,593$4,694$3,926$1,704
17 years$7,304$6,113$5,090$4,218$3,481$1,417
18 years$6,826$5,649$4,646$3,801$3,095$1,180
19 years$6,399$5,235$4,253$3,435$2,759$985
20 years$6,016$4,865$3,904$3,111$2,464$822
21 years$5,669$4,531$3,590$2,823$2,205$688
22 years$5,354$4,230$3,309$2,567$1,977$575
23 years$5,067$3,956$3,055$2,338$1,774$482
24 years$4,805$3,707$2,826$2,132$1,595$404
25 years$4,563$3,478$2,617$1,947$1,435$338
26 years$4,341$3,269$2,427$1,780$1,293$284
27 years$4,135$3,077$2,254$1,630$1,166$238
28 years$3,945$2,899$2,095$1,493$1,052$200
29 years$3,768$2,735$1,950$1,369$950$168
30 years$3,603$2,583$1,816$1,257$858$141
31 years$3,449$2,442$1,693$1,154$776$118
32 years$3,305$2,310$1,580$1,061$702$99
33 years$3,170$2,188$1,475$975$635$83
34 years$3,043$2,074$1,378$897$575$70
35 years$2,924$1,967$1,289$826$521$59
36 years$2,811$1,867$1,205$761$472$49
37 years$2,705$1,773$1,128$701$428$41
38 years$2,605$1,685$1,057$646$388$35
39 years$2,510$1,602$990$596$352$29
40 years$2,420$1,524$928$550$319$25
41 years$2,335$1,451$870$507$289$21
42 years$2,253$1,382$816$468$263$17
43 years$2,176$1,317$766$432$238$15
44 years$2,103$1,255$719$399$216$12
45 years$2,033$1,197$675$368$196$10
46 years$1,966$1,142$634$340$178$9
47 years$1,903$1,090$596$314$162$7
48 years$1,842$1,040$560$290$147$6
49 years$1,784$993$526$268$134$5
50 years$1,728$949$495$248$121$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,770,000, adding $5,944 every year, while hoping to spend $37,959 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: 47/25/28 Blend
46$1,770,000$1,770,000$1,770,000$1,770,000
47$1,956,671$1,862,861$1,835,426$2,032,683
48$2,115,864$1,913,753$1,856,525$2,137,823
49$2,290,021$1,965,867$1,877,058$2,247,724
50$2,480,631$2,019,222$1,896,967$2,366,293
51$2,689,329$2,073,837$1,916,189$2,494,366
52$2,917,918$2,129,733$1,934,659$2,632,862
53$3,168,383$2,186,927$1,952,307$2,782,794
54$3,442,910$2,245,438$1,969,061$2,945,278
55$3,743,906$2,305,284$1,984,844$3,121,544
56$4,074,022$2,366,481$1,999,575$3,312,947
57$4,436,181$2,429,047$2,013,168$3,520,978
58$4,833,597$2,492,996$2,025,536$3,747,283
59$5,269,816$2,558,344$2,036,582$3,993,672
60$5,748,739$2,625,105$2,046,210$4,262,144
61$6,274,666$2,693,291$2,054,314$4,554,898
62$6,852,334$2,762,914$2,060,785$4,874,360
63$7,486,960$2,833,985$2,065,510$5,223,200
64$8,184,292$2,906,513$2,068,366$5,604,364
65$8,950,662$2,980,504$2,069,229$6,021,097
66$9,793,047$3,055,966$2,067,966$6,476,976
67$10,719,132$3,132,902$2,064,436$6,975,942
68$11,737,383$3,211,315$2,058,495$7,522,340
69$12,857,131$3,291,204$2,049,990$8,120,956
70$14,088,653$3,372,568$2,038,759$8,777,068
71$15,443,273$3,455,401$2,024,635$9,496,491
72$16,933,469$3,539,697$2,007,441$10,285,634
73$18,572,986$3,625,445$1,986,994$11,151,562
74$20,376,971$3,712,633$1,963,099$12,102,061
75$22,362,113$3,801,243$1,935,554$13,145,711
76$24,546,800$3,891,256$1,904,147$14,291,970
77$26,951,294$3,982,647$1,868,656$15,551,261
78$29,597,919$4,075,390$1,828,849$16,935,074
79$32,511,274$4,169,451$1,784,482$18,456,070
80$35,718,464$4,264,794$1,735,302$20,128,205
81$39,249,354$4,361,376$1,681,042$21,966,860
82$43,136,855$4,459,151$1,621,424$23,988,988
83$47,417,230$4,558,064$1,556,156$26,213,272
84$52,130,435$4,658,057$1,484,936$28,660,306
85$57,320,502$4,759,065$1,407,444$31,352,784
86$63,035,948$4,861,014$1,323,348$34,315,721
87$69,330,235$4,963,824$1,232,300$37,576,686
88$76,262,275$5,067,407$1,133,938$41,166,064
89$83,896,984$5,171,667$1,027,882$45,117,343
90$92,305,896$5,276,499$913,736$49,467,431
91$101,567,837$5,381,786$791,086$54,257,006
92$111,769,669$5,487,406$659,499$59,530,898
93$123,007,107$5,593,221$518,524$65,338,518
94$135,385,627$5,699,084$367,690$71,734,321
95$149,021,458$5,804,836$206,505$78,778,321
96$164,042,678$5,910,304$34,454$86,536,663
97$180,590,426$6,015,303$0$95,082,245
98$198,820,228$6,119,632$0$104,539,966
99$218,903,472$6,223,075$0$114,967,691
100$241,029,020$6,325,399$0$126,452,871