Can I retire at age 47 with 1,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$148,642$147,318$146,027$144,766$143,535$138,884
2 years$73,585$72,215$70,887$69,599$68,350$63,708
3 years$48,570$47,193$45,868$44,593$43,364$38,877
4 years$36,064$34,692$33,380$32,127$30,928$26,629
5 years$28,563$27,199$25,905$24,676$23,511$19,413
6 years$23,564$22,210$20,935$19,734$18,603$14,709
7 years$19,994$18,652$17,397$16,224$15,129$11,439
8 years$17,318$15,988$14,754$13,610$12,551$9,061
9 years$15,238$13,921$12,708$11,593$10,570$7,277
10 years$13,575$12,270$11,079$9,993$9,006$5,905
11 years$12,215$10,924$9,754$8,697$7,746$4,830
12 years$11,083$9,804$8,656$7,628$6,712$3,976
13 years$10,125$8,860$7,734$6,735$5,853$3,290
14 years$9,305$8,054$6,949$5,978$5,131$2,733
15 years$8,595$7,357$6,274$5,332$4,518$2,278
16 years$7,975$6,750$5,688$4,774$3,993$1,904
17 years$7,428$6,217$5,176$4,289$3,540$1,595
18 years$6,942$5,744$4,725$3,866$3,148$1,339
19 years$6,508$5,324$4,325$3,493$2,806$1,125
20 years$6,118$4,947$3,970$3,163$2,506$947
21 years$5,765$4,608$3,651$2,871$2,243$798
22 years$5,445$4,302$3,365$2,610$2,010$673
23 years$5,153$4,023$3,107$2,377$1,804$568
24 years$4,886$3,769$2,874$2,168$1,622$480
25 years$4,641$3,537$2,662$1,980$1,459$405
26 years$4,415$3,325$2,468$1,811$1,315$343
27 years$4,206$3,129$2,292$1,657$1,185$290
28 years$4,012$2,948$2,131$1,518$1,069$245
29 years$3,832$2,781$1,983$1,392$966$207
30 years$3,664$2,627$1,847$1,278$873$176
31 years$3,507$2,483$1,722$1,174$789$149
32 years$3,361$2,350$1,607$1,079$714$126
33 years$3,224$2,225$1,500$992$646$107
34 years$3,095$2,109$1,402$913$585$90
35 years$2,973$2,000$1,310$840$530$76
36 years$2,859$1,898$1,226$774$480$65
37 years$2,751$1,803$1,147$713$435$55
38 years$2,649$1,714$1,074$657$394$46
39 years$2,552$1,629$1,007$606$358$39
40 years$2,461$1,550$944$559$324$33
41 years$2,374$1,476$885$516$294$28
42 years$2,292$1,405$830$476$267$24
43 years$2,213$1,339$779$439$242$20
44 years$2,139$1,276$731$406$220$17
45 years$2,068$1,217$686$375$200$15
46 years$2,000$1,161$645$346$181$12
47 years$1,935$1,108$606$320$165$10
48 years$1,873$1,058$569$295$149$9
49 years$1,814$1,010$535$273$136$8
50 years$1,757$965$503$252$123$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,800,000, adding $6,925 every year, while hoping to spend $46,260 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: 59/30/11 Blend
46$1,800,000$1,800,000$1,800,000$1,800,000
47$1,990,743$1,895,343$1,867,443$2,102,545
48$2,144,579$1,938,995$1,880,782$2,222,247
49$2,312,555$1,983,235$1,893,018$2,346,897
50$2,496,066$2,028,043$1,904,064$2,481,695
51$2,696,645$2,073,398$1,913,830$2,627,620
52$2,915,981$2,119,273$1,922,222$2,785,753
53$3,155,935$2,165,641$1,929,140$2,957,283
54$3,418,553$2,212,470$1,934,479$3,143,518
55$3,706,091$2,259,727$1,938,130$3,345,903
56$4,021,031$2,307,372$1,939,976$3,566,026
57$4,366,108$2,355,366$1,939,898$3,805,639
58$4,744,334$2,403,661$1,937,767$4,066,671
59$5,159,024$2,452,209$1,933,450$4,351,248
60$5,613,832$2,500,954$1,926,808$4,661,711
61$6,112,781$2,549,839$1,917,694$5,000,642
62$6,660,302$2,598,798$1,905,954$5,370,885
63$7,261,277$2,647,764$1,891,428$5,775,573
64$7,921,082$2,696,659$1,873,946$6,218,159
65$8,645,641$2,745,404$1,853,332$6,702,449
66$9,441,479$2,793,911$1,829,400$7,232,638
67$10,315,782$2,842,085$1,801,957$7,813,345
68$11,276,469$2,889,824$1,770,800$8,449,666
69$12,332,263$2,937,020$1,735,716$9,147,213
70$13,492,774$2,983,555$1,696,483$9,912,172
71$14,768,590$3,029,302$1,652,869$10,751,361
72$16,171,376$3,074,127$1,604,629$11,672,295
73$17,713,981$3,117,884$1,551,509$12,683,254
74$19,410,566$3,160,419$1,493,244$13,793,366
75$21,276,730$3,201,566$1,429,553$15,012,690
76$23,329,661$3,241,147$1,360,148$16,352,311
77$25,588,295$3,278,972$1,284,722$17,824,450
78$28,073,500$3,314,840$1,202,958$19,442,571
79$30,808,263$3,348,534$1,114,524$21,221,519
80$33,817,918$3,379,824$1,019,073$23,177,650
81$37,130,375$3,408,464$916,240$25,328,995
82$40,776,387$3,434,194$805,649$27,695,422
83$44,789,843$3,456,733$686,902$30,298,834
84$49,208,080$3,475,786$559,586$33,163,366
85$54,072,242$3,491,037$423,270$36,315,622
86$59,427,664$3,502,152$277,503$39,784,920
87$65,324,301$3,508,772$121,815$43,603,575
88$71,817,197$3,510,520$0$47,807,202
89$78,967,009$3,506,993$0$52,440,256
90$86,840,572$3,497,764$0$57,556,390
91$95,511,534$3,482,378$0$63,189,034
92$105,061,051$3,460,355$0$69,390,802
93$115,578,550$3,431,184$0$76,219,676
94$127,162,574$3,394,324$0$83,739,557
95$139,921,711$3,349,201$0$92,020,866
96$153,975,620$3,295,206$0$101,141,210
97$169,456,157$3,231,695$0$111,186,117
98$186,508,622$3,157,985$0$122,249,844
99$205,293,129$3,073,353$0$134,436,264
100$225,986,114$2,977,034$0$147,859,853