Can I retire at age 47 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$147,817$146,500$145,215$143,961$142,737$137,074
2 years$73,176$71,814$70,493$69,212$67,970$62,335
3 years$48,300$46,931$45,614$44,345$43,123$37,693
4 years$35,864$34,499$33,195$31,948$30,756$25,572
5 years$28,404$27,048$25,761$24,539$23,380$18,456
6 years$23,433$22,087$20,818$19,624$18,500$13,839
7 years$19,883$18,548$17,300$16,134$15,045$10,646
8 years$17,222$15,899$14,672$13,534$12,482$8,339
9 years$15,153$13,843$12,637$11,528$10,511$6,619
10 years$13,500$12,202$11,017$9,938$8,956$5,307
11 years$12,147$10,863$9,699$8,649$7,703$4,287
12 years$11,021$9,750$8,608$7,586$6,675$3,485
13 years$10,069$8,811$7,691$6,697$5,821$2,846
14 years$9,254$8,009$6,910$5,945$5,102$2,333
15 years$8,548$7,316$6,239$5,302$4,492$1,919
16 years$7,930$6,713$5,656$4,747$3,970$1,582
17 years$7,386$6,182$5,147$4,265$3,520$1,307
18 years$6,903$5,713$4,699$3,844$3,130$1,081
19 years$6,472$5,294$4,301$3,473$2,790$896
20 years$6,084$4,920$3,948$3,146$2,492$743
21 years$5,733$4,583$3,631$2,855$2,230$617
22 years$5,415$4,278$3,347$2,596$1,999$513
23 years$5,125$4,001$3,090$2,364$1,794$426
24 years$4,859$3,748$2,858$2,156$1,613$355
25 years$4,615$3,518$2,647$1,969$1,451$295
26 years$4,390$3,306$2,455$1,801$1,307$246
27 years$4,182$3,111$2,279$1,648$1,179$205
28 years$3,990$2,932$2,119$1,510$1,064$170
29 years$3,810$2,766$1,972$1,385$960$142
30 years$3,644$2,612$1,837$1,271$868$118
31 years$3,488$2,469$1,712$1,167$785$99
32 years$3,342$2,336$1,598$1,073$710$82
33 years$3,206$2,213$1,492$986$642$69
34 years$3,077$2,097$1,394$908$581$57
35 years$2,957$1,989$1,303$835$527$48
36 years$2,843$1,888$1,219$769$477$40
37 years$2,736$1,793$1,141$709$432$33
38 years$2,634$1,704$1,069$653$392$28
39 years$2,538$1,620$1,001$602$356$23
40 years$2,447$1,542$938$556$323$19
41 years$2,361$1,468$880$513$293$16
42 years$2,279$1,398$825$473$265$13
43 years$2,201$1,332$774$437$241$11
44 years$2,127$1,269$727$403$219$9
45 years$2,056$1,210$683$372$199$8
46 years$1,989$1,155$641$344$180$6
47 years$1,924$1,102$602$318$164$5
48 years$1,863$1,052$566$294$149$4
49 years$1,804$1,005$532$271$135$4
50 years$1,748$960$500$251$123$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,790,000, adding $6,641 every year, while hoping to spend $57,217 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: 57/23/20 Blend
46$1,790,000$1,790,000$1,790,000$1,790,000
47$1,979,430$1,884,560$1,856,815$2,081,329
48$2,120,454$1,916,025$1,858,140$2,182,932
49$2,273,944$1,947,114$1,857,592$2,286,879
50$2,441,112$1,977,749$1,855,047$2,398,900
51$2,623,291$2,007,844$1,850,376$2,519,784
52$2,821,947$2,037,309$1,843,445$2,650,405
53$3,038,695$2,066,047$1,834,110$2,791,722
54$3,275,313$2,093,954$1,822,223$2,944,798
55$3,533,755$2,120,918$1,807,628$3,110,801
56$3,816,176$2,146,821$1,790,161$3,291,021
57$4,124,947$2,171,535$1,769,652$3,486,883
58$4,462,676$2,194,926$1,745,921$3,699,955
59$4,832,239$2,216,847$1,718,779$3,931,971
60$5,236,801$2,237,146$1,688,031$4,184,839
61$5,679,845$2,255,656$1,653,471$4,460,667
62$6,165,210$2,272,204$1,614,882$4,761,778
63$6,697,121$2,286,602$1,572,041$5,090,737
64$7,280,234$2,298,652$1,524,711$5,450,370
65$7,919,675$2,308,143$1,472,646$5,843,796
66$8,621,090$2,314,850$1,415,587$6,274,455
67$9,390,697$2,318,534$1,353,266$6,746,138
68$10,235,348$2,318,942$1,285,400$7,263,030
69$11,162,587$2,315,804$1,211,695$7,829,746
70$12,180,727$2,308,834$1,131,842$8,451,373
71$13,298,922$2,297,728$1,045,520$9,133,523
72$14,527,260$2,282,165$952,393$9,882,385
73$15,876,852$2,261,802$852,110$10,704,783
74$17,359,939$2,236,278$744,303$11,608,244
75$18,990,005$2,205,208$628,589$12,601,066
76$20,781,907$2,168,185$504,569$13,692,401
77$22,752,013$2,124,778$371,824$14,892,340
78$24,918,357$2,074,530$229,918$16,212,011
79$27,300,804$2,016,957$78,395$17,663,681
80$29,921,247$1,951,548$0$19,260,881
81$32,803,800$1,877,760$0$21,036,302
82$35,975,038$1,795,020$0$23,007,624
83$39,464,237$1,702,722$0$25,176,342
84$43,303,656$1,600,222$0$27,562,563
85$47,528,839$1,486,843$0$30,188,450
86$52,178,950$1,361,868$0$33,078,429
87$57,297,140$1,224,537$0$36,259,421
88$62,930,958$1,074,048$0$39,761,100
89$69,132,794$909,556$0$43,616,168
90$75,960,379$730,163$0$47,860,672
91$83,477,322$534,926$0$52,534,339
92$91,753,717$322,845$0$57,680,954
93$100,866,798$92,866$0$63,348,778
94$110,901,670$0$0$69,590,997
95$121,952,113$0$0$76,505,749
96$134,121,463$0$0$84,146,741
97$147,523,589$0$0$92,561,992
98$162,283,966$0$0$101,830,316
99$178,540,861$0$0$112,038,560
100$196,446,633$0$0$123,282,423