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%18.9%
1 years$146,991$145,681$144,404$143,157$141,940$136,849
2 years$72,768$71,412$70,099$68,826$67,590$62,517
3 years$48,030$46,669$45,359$44,097$42,882$37,985
4 years$35,663$34,307$33,010$31,770$30,584$25,901
5 years$28,246$26,897$25,617$24,402$23,249$18,792
6 years$23,302$21,963$20,702$19,515$18,396$14,169
7 years$19,772$18,445$17,204$16,044$14,961$10,962
8 years$17,126$15,810$14,590$13,459$12,412$8,638
9 years$15,069$13,766$12,566$11,464$10,453$6,898
10 years$13,424$12,134$10,956$9,882$8,906$5,566
11 years$12,079$10,802$9,645$8,600$7,660$4,526
12 years$10,960$9,695$8,560$7,544$6,638$3,704
13 years$10,013$8,762$7,648$6,660$5,788$3,046
14 years$9,202$7,964$6,871$5,912$5,074$2,514
15 years$8,500$7,275$6,204$5,272$4,467$2,083
16 years$7,886$6,675$5,625$4,721$3,948$1,729
17 years$7,345$6,148$5,118$4,242$3,501$1,439
18 years$6,865$5,681$4,672$3,823$3,113$1,200
19 years$6,436$5,265$4,277$3,454$2,774$1,002
20 years$6,050$4,892$3,926$3,128$2,478$837
21 years$5,701$4,557$3,611$2,839$2,218$701
22 years$5,384$4,254$3,328$2,581$1,988$587
23 years$5,096$3,978$3,073$2,351$1,784$492
24 years$4,832$3,728$2,842$2,144$1,604$412
25 years$4,589$3,498$2,632$1,958$1,443$346
26 years$4,366$3,288$2,441$1,790$1,300$290
27 years$4,159$3,094$2,267$1,639$1,172$244
28 years$3,967$2,916$2,107$1,502$1,058$205
29 years$3,789$2,750$1,961$1,377$955$172
30 years$3,623$2,598$1,827$1,264$863$144
31 years$3,468$2,456$1,703$1,161$780$121
32 years$3,324$2,323$1,589$1,067$706$102
33 years$3,188$2,200$1,483$981$639$86
34 years$3,060$2,085$1,386$902$578$72
35 years$2,940$1,978$1,296$831$524$61
36 years$2,827$1,877$1,212$765$475$51
37 years$2,720$1,783$1,135$705$430$43
38 years$2,619$1,695$1,063$650$390$36
39 years$2,524$1,611$995$599$354$30
40 years$2,434$1,533$933$553$321$25
41 years$2,348$1,459$875$510$291$21
42 years$2,266$1,390$821$471$264$18
43 years$2,189$1,324$770$434$240$15
44 years$2,115$1,262$723$401$217$13
45 years$2,045$1,204$679$370$197$11
46 years$1,978$1,148$638$342$179$9
47 years$1,914$1,096$599$316$163$8
48 years$1,852$1,046$563$292$148$6
49 years$1,794$999$529$270$134$5
50 years$1,738$954$497$250$122$5

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 $2,032 every year, while hoping to spend $22,316 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: 57/37/6 Blend
46$1,780,000$1,780,000$1,780,000$1,780,000
47$1,963,656$1,869,316$1,841,726$2,073,030
48$2,140,205$1,937,168$1,879,680$2,214,639
49$2,334,014$2,007,598$1,918,157$2,366,158
50$2,546,820$2,080,707$1,957,152$2,530,685
51$2,780,536$2,156,602$1,996,657$2,709,460
52$3,037,271$2,235,395$2,036,665$2,903,853
53$3,319,345$2,317,203$2,077,166$3,115,365
54$3,629,318$2,402,145$2,118,151$3,345,650
55$3,970,007$2,490,349$2,159,608$3,596,526
56$4,344,518$2,581,946$2,201,524$3,869,995
57$4,756,270$2,677,072$2,243,887$4,168,256
58$5,209,031$2,775,871$2,286,679$4,493,731
59$5,706,955$2,878,491$2,329,885$4,849,086
60$6,254,614$2,985,087$2,373,486$5,237,252
61$6,857,050$3,095,822$2,417,463$5,661,457
62$7,519,815$3,210,863$2,461,794$6,125,254
63$8,249,027$3,330,386$2,506,455$6,632,552
64$9,051,428$3,454,575$2,551,422$7,187,655
65$9,934,446$3,583,621$2,596,666$7,795,302
66$10,906,264$3,717,723$2,642,159$8,460,709
67$11,975,900$3,857,089$2,687,869$9,189,619
68$13,153,291$4,001,935$2,733,761$9,988,356
69$14,449,385$4,152,489$2,779,801$10,863,883
70$15,876,246$4,308,984$2,825,948$11,823,866
71$17,447,167$4,471,669$2,872,161$12,876,748
72$19,176,796$4,640,798$2,918,396$14,031,828
73$21,081,272$4,816,640$2,964,606$15,299,344
74$23,178,381$4,999,475$3,010,739$16,690,574
75$25,487,720$5,189,593$3,056,743$18,217,936
76$28,030,884$5,387,299$3,102,560$19,895,111
77$30,831,668$5,592,911$3,148,129$21,737,165
78$33,916,293$5,806,758$3,193,387$23,760,692
79$37,313,653$6,029,188$3,238,264$25,983,973
80$41,055,588$6,260,561$3,282,688$28,427,143
81$45,177,183$6,501,253$3,326,583$31,112,381
82$49,717,099$6,751,658$3,369,867$34,064,120
83$54,717,939$7,012,185$3,412,454$37,309,276
84$60,226,651$7,283,264$3,454,253$40,877,497
85$66,294,967$7,565,342$3,495,168$44,801,447
86$72,979,895$7,858,884$3,535,097$49,117,111
87$80,344,255$8,164,380$3,573,933$53,864,131
88$88,457,272$8,482,339$3,611,564$59,086,181
89$97,395,231$8,813,291$3,647,869$64,831,377
90$107,242,195$9,157,792$3,682,722$71,152,730
91$118,090,798$9,516,422$3,715,992$78,108,644
92$130,043,119$9,889,788$3,747,538$85,763,468
93$143,211,650$10,278,520$3,777,213$94,188,097
94$157,720,351$10,683,280$3,804,863$103,460,644
95$173,705,825$11,104,759$3,830,324$113,667,170
96$191,318,604$11,543,677$3,853,425$124,902,503
97$210,724,573$12,000,788$3,873,985$137,271,120
98$232,106,531$12,476,879$3,891,815$150,888,142
99$255,665,923$12,972,771$3,906,717$165,880,409
100$281,624,735$13,489,325$3,918,480$182,387,682