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%11.4%
1 years$147,817$146,500$145,215$143,961$142,737$141,897
2 years$73,176$71,814$70,493$69,212$67,970$67,123
3 years$48,300$46,931$45,614$44,345$43,123$42,294
4 years$35,864$34,499$33,195$31,948$30,756$29,952
5 years$28,404$27,048$25,761$24,539$23,380$22,604
6 years$23,433$22,087$20,818$19,624$18,500$17,752
7 years$19,883$18,548$17,300$16,134$15,045$14,327
8 years$17,222$15,899$14,672$13,534$12,482$11,792
9 years$15,153$13,843$12,637$11,528$10,511$9,850
10 years$13,500$12,202$11,017$9,938$8,956$8,324
11 years$12,147$10,863$9,699$8,649$7,703$7,098
12 years$11,021$9,750$8,608$7,586$6,675$6,098
13 years$10,069$8,811$7,691$6,697$5,821$5,271
14 years$9,254$8,009$6,910$5,945$5,102$4,579
15 years$8,548$7,316$6,239$5,302$4,492$3,994
16 years$7,930$6,713$5,656$4,747$3,970$3,497
17 years$7,386$6,182$5,147$4,265$3,520$3,071
18 years$6,903$5,713$4,699$3,844$3,130$2,704
19 years$6,472$5,294$4,301$3,473$2,790$2,387
20 years$6,084$4,920$3,948$3,146$2,492$2,111
21 years$5,733$4,583$3,631$2,855$2,230$1,870
22 years$5,415$4,278$3,347$2,596$1,999$1,659
23 years$5,125$4,001$3,090$2,364$1,794$1,474
24 years$4,859$3,748$2,858$2,156$1,613$1,311
25 years$4,615$3,518$2,647$1,969$1,451$1,167
26 years$4,390$3,306$2,455$1,801$1,307$1,040
27 years$4,182$3,111$2,279$1,648$1,179$927
28 years$3,990$2,932$2,119$1,510$1,064$827
29 years$3,810$2,766$1,972$1,385$960$739
30 years$3,644$2,612$1,837$1,271$868$660
31 years$3,488$2,469$1,712$1,167$785$590
32 years$3,342$2,336$1,598$1,073$710$528
33 years$3,206$2,213$1,492$986$642$472
34 years$3,077$2,097$1,394$908$581$423
35 years$2,957$1,989$1,303$835$527$378
36 years$2,843$1,888$1,219$769$477$339
37 years$2,736$1,793$1,141$709$432$304
38 years$2,634$1,704$1,069$653$392$272
39 years$2,538$1,620$1,001$602$356$244
40 years$2,447$1,542$938$556$323$218
41 years$2,361$1,468$880$513$293$196
42 years$2,279$1,398$825$473$265$176
43 years$2,201$1,332$774$437$241$157
44 years$2,127$1,269$727$403$219$141
45 years$2,056$1,210$683$372$199$127
46 years$1,989$1,155$641$344$180$114
47 years$1,924$1,102$602$318$164$102
48 years$1,863$1,052$566$294$149$91
49 years$1,804$1,005$532$271$135$82
50 years$1,748$960$500$251$123$74

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 $3,947 every year, while hoping to spend $32,384 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: 46/37/17 Blend
46$1,790,000$1,790,000$1,790,000$1,790,000
47$1,976,651$1,881,781$1,854,036$2,057,837
48$2,143,813$1,939,532$1,881,690$2,172,574
49$2,326,941$1,999,028$1,909,185$2,293,404
50$2,527,627$2,060,319$1,936,482$2,423,800
51$2,747,629$2,123,458$1,963,538$2,564,665
52$2,988,880$2,188,500$1,990,309$2,716,993
53$3,253,510$2,255,501$2,016,748$2,881,876
54$3,543,864$2,324,517$2,042,806$3,060,518
55$3,862,528$2,395,608$2,068,429$3,254,241
56$4,212,346$2,468,833$2,093,562$3,464,503
57$4,596,455$2,544,255$2,118,146$3,692,907
58$5,018,308$2,621,939$2,142,119$3,941,217
59$5,481,711$2,701,948$2,165,414$4,211,377
60$5,990,853$2,784,352$2,187,964$4,505,525
61$6,550,354$2,869,219$2,209,694$4,826,015
62$7,165,299$2,956,619$2,230,528$5,175,441
63$7,841,293$3,046,627$2,250,384$5,556,658
64$8,584,510$3,139,317$2,269,177$5,972,810
65$9,401,752$3,234,766$2,286,817$6,427,358
66$10,300,514$3,333,053$2,303,209$6,924,117
67$11,289,054$3,434,259$2,318,253$7,467,286
68$12,376,467$3,538,468$2,331,844$8,061,490
69$13,572,779$3,645,765$2,343,873$8,711,826
70$14,889,032$3,756,238$2,354,223$9,423,905
71$16,337,397$3,869,976$2,362,772$10,203,909
72$17,931,279$3,987,073$2,369,393$11,058,648
73$19,685,453$4,107,623$2,373,951$11,995,625
74$21,616,195$4,231,723$2,376,305$13,023,105
75$23,741,442$4,359,472$2,376,306$14,150,191
76$26,080,957$4,490,974$2,373,800$15,386,915
77$28,656,516$4,626,333$2,368,624$16,744,327
78$31,492,114$4,765,657$2,360,606$18,234,604
79$34,614,191$4,909,055$2,349,568$19,871,160
80$38,051,881$5,056,642$2,335,321$21,668,774
81$41,837,287$5,208,532$2,317,668$23,643,731
82$46,005,785$5,364,844$2,296,404$25,813,973
83$50,596,353$5,525,699$2,271,312$28,199,269
84$55,651,946$5,691,223$2,242,166$30,821,401
85$61,219,894$5,861,543$2,208,728$33,704,371
86$67,352,354$6,036,789$2,170,751$36,874,625
87$74,106,797$6,217,095$2,127,975$40,361,304
88$81,546,556$6,402,598$2,080,127$44,196,517
89$89,741,417$6,593,438$2,026,924$48,415,644
90$98,768,283$6,789,758$1,968,067$53,057,674
91$108,711,897$6,991,705$1,903,246$58,165,566
92$119,665,640$7,199,429$1,832,135$63,786,659
93$131,732,417$7,413,082$1,754,393$69,973,117
94$145,025,623$7,632,823$1,669,665$76,782,420
95$159,670,216$7,858,810$1,577,578$84,277,910
96$175,803,895$8,091,208$1,477,743$92,529,385
97$193,578,399$8,330,185$1,369,755$101,613,757
98$213,160,941$8,575,910$1,253,187$111,615,784
99$234,735,786$8,828,558$1,127,598$122,628,861
100$258,505,986$9,088,307$992,523$134,755,909