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

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$146,165$144,863$143,593$142,353$141,142$135,649
2 years$72,359$71,011$69,705$68,439$67,211$61,743
3 years$47,760$46,407$45,104$43,849$42,641$37,371
4 years$35,463$34,114$32,824$31,591$30,412$25,379
5 years$28,087$26,746$25,473$24,265$23,119$18,336
6 years$23,171$21,840$20,586$19,405$18,293$13,764
7 years$19,661$18,341$17,107$15,954$14,877$10,600
8 years$17,030$15,722$14,508$13,383$12,342$8,313
9 years$14,984$13,689$12,496$11,400$10,394$6,607
10 years$13,349$12,066$10,894$9,827$8,856$5,304
11 years$12,012$10,741$9,591$8,552$7,616$4,291
12 years$10,898$9,641$8,512$7,501$6,600$3,492
13 years$9,957$8,713$7,605$6,623$5,756$2,856
14 years$9,150$7,920$6,833$5,879$5,045$2,345
15 years$8,452$7,235$6,169$5,243$4,442$1,931
16 years$7,842$6,638$5,593$4,694$3,926$1,594
17 years$7,304$6,113$5,090$4,218$3,481$1,319
18 years$6,826$5,649$4,646$3,801$3,095$1,093
19 years$6,399$5,235$4,253$3,435$2,759$907
20 years$6,016$4,865$3,904$3,111$2,464$753
21 years$5,669$4,531$3,590$2,823$2,205$627
22 years$5,354$4,230$3,309$2,567$1,977$521
23 years$5,067$3,956$3,055$2,338$1,774$434
24 years$4,805$3,707$2,826$2,132$1,595$362
25 years$4,563$3,478$2,617$1,947$1,435$302
26 years$4,341$3,269$2,427$1,780$1,293$251
27 years$4,135$3,077$2,254$1,630$1,166$210
28 years$3,945$2,899$2,095$1,493$1,052$175
29 years$3,768$2,735$1,950$1,369$950$146
30 years$3,603$2,583$1,816$1,257$858$122
31 years$3,449$2,442$1,693$1,154$776$102
32 years$3,305$2,310$1,580$1,061$702$85
33 years$3,170$2,188$1,475$975$635$71
34 years$3,043$2,074$1,378$897$575$59
35 years$2,924$1,967$1,289$826$521$49
36 years$2,811$1,867$1,205$761$472$41
37 years$2,705$1,773$1,128$701$428$35
38 years$2,605$1,685$1,057$646$388$29
39 years$2,510$1,602$990$596$352$24
40 years$2,420$1,524$928$550$319$20
41 years$2,335$1,451$870$507$289$17
42 years$2,253$1,382$816$468$263$14
43 years$2,176$1,317$766$432$238$12
44 years$2,103$1,255$719$399$216$10
45 years$2,033$1,197$675$368$196$8
46 years$1,966$1,142$634$340$178$7
47 years$1,903$1,090$596$314$162$6
48 years$1,842$1,040$560$290$147$5
49 years$1,784$993$526$268$134$4
50 years$1,728$949$495$248$121$3

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 $2,894 every year, while hoping to spend $39,792 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: 33/42/25 Blend
46$1,770,000$1,770,000$1,770,000$1,770,000
47$1,953,525$1,859,715$1,832,280$2,003,001
48$2,110,446$1,908,503$1,851,323$2,089,320
49$2,282,040$1,958,347$1,869,670$2,178,506
50$2,469,760$2,009,259$1,887,257$2,273,833
51$2,675,209$2,061,246$1,904,013$2,375,869
52$2,900,150$2,114,316$1,919,867$2,485,241
53$3,146,525$2,168,478$1,934,742$2,602,638
54$3,416,473$2,223,735$1,948,559$2,728,820
55$3,712,349$2,280,094$1,961,231$2,864,624
56$4,036,748$2,337,558$1,972,672$3,010,972
57$4,392,526$2,396,128$1,982,786$3,168,879
58$4,782,830$2,455,805$1,991,476$3,339,465
59$5,211,127$2,516,588$1,998,638$3,523,964
60$5,681,234$2,578,473$2,004,165$3,723,733
61$6,197,357$2,641,455$2,007,942$3,940,273
62$6,764,129$2,705,528$2,009,849$4,175,232
63$7,386,652$2,770,681$2,009,762$4,430,430
64$8,070,550$2,836,903$2,007,547$4,707,873
65$8,822,014$2,904,180$2,003,068$5,009,771
66$9,647,868$2,972,493$1,996,180$5,338,561
67$10,555,629$3,041,823$1,986,730$5,696,927
68$11,553,577$3,112,147$1,974,559$6,087,830
69$12,650,836$3,183,436$1,959,501$6,514,532
70$13,857,457$3,255,660$1,941,380$6,980,631
71$15,184,515$3,328,785$1,920,014$7,490,091
72$16,644,211$3,402,771$1,895,210$8,047,282
73$18,249,989$3,477,575$1,866,768$8,657,024
74$20,016,661$3,553,149$1,834,478$9,324,626
75$21,960,546$3,629,439$1,798,118$10,055,944
76$24,099,626$3,706,386$1,757,459$10,857,430
77$26,453,713$3,783,924$1,712,260$11,736,201
78$29,044,640$3,861,985$1,662,269$12,700,097
79$31,896,459$3,940,488$1,607,221$13,757,766
80$35,035,676$4,019,350$1,546,841$14,918,736
81$38,491,495$4,098,478$1,480,840$16,193,514
82$42,296,096$4,177,772$1,408,917$17,593,680
83$46,484,939$4,257,123$1,330,756$19,132,000
84$51,097,094$4,336,414$1,246,028$20,822,546
85$56,175,616$4,415,517$1,154,388$22,680,830
86$61,767,946$4,494,294$1,055,477$24,723,951
87$67,926,359$4,572,598$948,919$26,970,758
88$74,708,461$4,650,267$834,320$29,442,027
89$82,177,725$4,727,132$711,271$32,160,661
90$90,404,098$4,803,006$579,344$35,151,903
91$99,464,655$4,877,693$438,091$38,443,582
92$109,444,327$4,950,977$287,044$42,066,368
93$120,436,707$5,022,633$125,718$46,054,070
94$132,544,924$5,092,415$0$50,443,956
95$145,882,624$5,160,062$0$55,289,490
96$160,575,041$5,225,294$0$60,660,153
97$176,760,175$5,287,813$0$66,572,427
98$194,590,097$5,347,300$0$73,081,471
99$214,232,383$5,403,414$0$80,248,076
100$235,871,696$5,455,791$0$88,139,236