Can I retire at age 47 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$146,991$145,681$144,404$143,157$141,940$140,692
2 years$72,768$71,412$70,099$68,826$67,590$66,333
3 years$48,030$46,669$45,359$44,097$42,882$41,654
4 years$35,663$34,307$33,010$31,770$30,584$29,394
5 years$28,246$26,897$25,617$24,402$23,249$22,102
6 years$23,302$21,963$20,702$19,515$18,396$17,293
7 years$19,772$18,445$17,204$16,044$14,961$13,902
8 years$17,126$15,810$14,590$13,459$12,412$11,397
9 years$15,069$13,766$12,566$11,464$10,453$9,482
10 years$13,424$12,134$10,956$9,882$8,906$7,979
11 years$12,079$10,802$9,645$8,600$7,660$6,775
12 years$10,960$9,695$8,560$7,544$6,638$5,794
13 years$10,013$8,762$7,648$6,660$5,788$4,986
14 years$9,202$7,964$6,871$5,912$5,074$4,311
15 years$8,500$7,275$6,204$5,272$4,467$3,744
16 years$7,886$6,675$5,625$4,721$3,948$3,262
17 years$7,345$6,148$5,118$4,242$3,501$2,851
18 years$6,865$5,681$4,672$3,823$3,113$2,498
19 years$6,436$5,265$4,277$3,454$2,774$2,194
20 years$6,050$4,892$3,926$3,128$2,478$1,930
21 years$5,701$4,557$3,611$2,839$2,218$1,701
22 years$5,384$4,254$3,328$2,581$1,988$1,501
23 years$5,096$3,978$3,073$2,351$1,784$1,327
24 years$4,832$3,728$2,842$2,144$1,604$1,173
25 years$4,589$3,498$2,632$1,958$1,443$1,039
26 years$4,366$3,288$2,441$1,790$1,300$921
27 years$4,159$3,094$2,267$1,639$1,172$817
28 years$3,967$2,916$2,107$1,502$1,058$725
29 years$3,789$2,750$1,961$1,377$955$644
30 years$3,623$2,598$1,827$1,264$863$572
31 years$3,468$2,456$1,703$1,161$780$508
32 years$3,324$2,323$1,589$1,067$706$452
33 years$3,188$2,200$1,483$981$639$402
34 years$3,060$2,085$1,386$902$578$358
35 years$2,940$1,978$1,296$831$524$318
36 years$2,827$1,877$1,212$765$475$283
37 years$2,720$1,783$1,135$705$430$252
38 years$2,619$1,695$1,063$650$390$225
39 years$2,524$1,611$995$599$354$200
40 years$2,434$1,533$933$553$321$178
41 years$2,348$1,459$875$510$291$159
42 years$2,266$1,390$821$471$264$142
43 years$2,189$1,324$770$434$240$126
44 years$2,115$1,262$723$401$217$113
45 years$2,045$1,204$679$370$197$100
46 years$1,978$1,148$638$342$179$89
47 years$1,914$1,096$599$316$163$80
48 years$1,852$1,046$563$292$148$71
49 years$1,794$999$529$270$134$63
50 years$1,738$954$497$250$122$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,780,000, adding $4,588 every year, while hoping to spend $42,975 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: 48/28/24 Blend
46$1,780,000$1,780,000$1,780,000$1,780,000
47$1,966,293$1,871,953$1,844,363$2,047,061
48$2,121,129$1,917,953$1,860,424$2,150,027
49$2,290,319$1,964,767$1,875,582$2,257,134
50$2,475,281$2,012,390$1,889,763$2,372,581
51$2,677,575$2,060,813$1,902,887$2,497,173
52$2,898,924$2,110,029$1,914,869$2,631,797
53$3,141,219$2,160,025$1,925,622$2,777,429
54$3,406,546$2,210,790$1,935,054$2,935,146
55$3,697,202$2,262,306$1,943,066$3,106,133
56$4,015,715$2,314,558$1,949,557$3,291,697
57$4,364,871$2,367,524$1,954,420$3,493,281
58$4,747,736$2,421,181$1,957,542$3,712,470
59$5,167,690$2,475,503$1,958,804$3,951,016
60$5,628,453$2,530,462$1,958,082$4,210,848
61$6,134,124$2,586,023$1,955,247$4,494,092
62$6,689,218$2,642,151$1,950,161$4,803,091
63$7,298,708$2,698,807$1,942,681$5,140,430
64$7,968,072$2,755,944$1,932,657$5,508,955
65$8,703,346$2,813,516$1,919,931$5,911,806
66$9,511,177$2,871,468$1,904,339$6,352,443
67$10,398,890$2,929,743$1,885,707$6,834,681
68$11,374,554$2,988,277$1,863,855$7,362,724
69$12,447,056$3,047,001$1,838,592$7,941,207
70$13,626,192$3,105,840$1,809,721$8,575,238
71$14,922,749$3,164,712$1,777,033$9,270,451
72$16,348,616$3,223,529$1,740,310$10,033,053
73$17,916,890$3,282,197$1,699,325$10,869,887
74$19,642,000$3,340,612$1,653,839$11,788,498
75$21,539,845$3,398,663$1,603,604$12,797,200
76$23,627,942$3,456,231$1,548,358$13,905,161
77$25,925,594$3,513,187$1,487,829$15,122,485
78$28,454,065$3,569,394$1,421,732$16,460,310
79$31,236,788$3,624,703$1,349,769$17,930,913
80$34,299,581$3,678,954$1,271,627$19,547,827
81$37,670,894$3,731,979$1,186,982$21,325,971
82$41,382,073$3,783,593$1,095,494$23,281,787
83$45,467,657$3,833,602$996,805$25,433,400
84$49,965,706$3,881,796$890,547$27,800,789
85$54,918,157$3,927,954$776,329$30,405,975
86$60,371,221$3,971,835$653,747$33,273,232
87$66,375,816$4,013,186$522,379$36,429,315
88$72,988,053$4,051,735$381,782$39,903,714
89$80,269,757$4,087,193$231,494$43,728,934
90$88,289,058$4,119,251$71,035$47,940,802
91$97,121,030$4,147,582$0$52,578,810
92$106,848,396$4,171,835$0$57,712,143
93$117,562,316$4,191,639$0$63,384,195
94$129,363,241$4,206,597$0$69,629,774
95$142,361,861$4,216,290$0$76,507,308
96$156,680,154$4,220,271$0$84,081,184
97$172,452,529$4,218,064$0$92,422,360
98$189,827,103$4,209,165$0$101,609,033
99$208,967,093$4,193,040$0$111,727,382
100$230,052,357$4,169,119$0$122,872,375