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

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$148,642$147,318$146,027$144,766$143,535$142,095
2 years$73,585$72,215$70,887$69,599$68,350$66,900
3 years$48,570$47,193$45,868$44,593$43,364$41,948
4 years$36,064$34,692$33,380$32,127$30,928$29,557
5 years$28,563$27,199$25,905$24,676$23,511$22,190
6 years$23,564$22,210$20,935$19,734$18,603$17,334
7 years$19,994$18,652$17,397$16,224$15,129$13,912
8 years$17,318$15,988$14,754$13,610$12,551$11,385
9 years$15,238$13,921$12,708$11,593$10,570$9,455
10 years$13,575$12,270$11,079$9,993$9,006$7,942
11 years$12,215$10,924$9,754$8,697$7,746$6,731
12 years$11,083$9,804$8,656$7,628$6,712$5,746
13 years$10,125$8,860$7,734$6,735$5,853$4,935
14 years$9,305$8,054$6,949$5,978$5,131$4,259
15 years$8,595$7,357$6,274$5,332$4,518$3,691
16 years$7,975$6,750$5,688$4,774$3,993$3,209
17 years$7,428$6,217$5,176$4,289$3,540$2,799
18 years$6,942$5,744$4,725$3,866$3,148$2,447
19 years$6,508$5,324$4,325$3,493$2,806$2,144
20 years$6,118$4,947$3,970$3,163$2,506$1,883
21 years$5,765$4,608$3,651$2,871$2,243$1,655
22 years$5,445$4,302$3,365$2,610$2,010$1,458
23 years$5,153$4,023$3,107$2,377$1,804$1,285
24 years$4,886$3,769$2,874$2,168$1,622$1,134
25 years$4,641$3,537$2,662$1,980$1,459$1,002
26 years$4,415$3,325$2,468$1,811$1,315$886
27 years$4,206$3,129$2,292$1,657$1,185$784
28 years$4,012$2,948$2,131$1,518$1,069$694
29 years$3,832$2,781$1,983$1,392$966$615
30 years$3,664$2,627$1,847$1,278$873$545
31 years$3,507$2,483$1,722$1,174$789$483
32 years$3,361$2,350$1,607$1,079$714$428
33 years$3,224$2,225$1,500$992$646$380
34 years$3,095$2,109$1,402$913$585$337
35 years$2,973$2,000$1,310$840$530$300
36 years$2,859$1,898$1,226$774$480$266
37 years$2,751$1,803$1,147$713$435$236
38 years$2,649$1,714$1,074$657$394$210
39 years$2,552$1,629$1,007$606$358$187
40 years$2,461$1,550$944$559$324$166
41 years$2,374$1,476$885$516$294$147
42 years$2,292$1,405$830$476$267$131
43 years$2,213$1,339$779$439$242$116
44 years$2,139$1,276$731$406$220$103
45 years$2,068$1,217$686$375$200$92
46 years$2,000$1,161$645$346$181$82
47 years$1,935$1,108$606$320$165$73
48 years$1,873$1,058$569$295$149$65
49 years$1,814$1,010$535$273$136$58
50 years$1,757$965$503$252$123$51

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 $5,348 every year, while hoping to spend $24,946 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: 48/32/20 Blend
46$1,800,000$1,800,000$1,800,000$1,800,000
47$1,989,116$1,893,716$1,865,816$2,073,117
48$2,165,464$1,959,966$1,901,779$2,198,357
49$2,358,963$2,028,626$1,938,110$2,331,327
50$2,571,336$2,099,788$1,974,796$2,475,196
51$2,804,482$2,173,547$2,011,821$2,630,997
52$3,060,491$2,250,003$2,049,169$2,799,865
53$3,341,667$2,329,258$2,086,822$2,983,051
54$3,650,546$2,411,421$2,124,759$3,181,927
55$3,989,924$2,496,603$2,162,961$3,398,006
56$4,362,879$2,584,920$2,201,403$3,632,951
57$4,772,804$2,676,492$2,240,062$3,888,592
58$5,223,437$2,771,447$2,278,910$4,166,941
59$5,718,894$2,869,914$2,317,920$4,470,216
60$6,263,711$2,972,030$2,357,061$4,800,855
61$6,862,887$3,077,937$2,396,300$5,161,543
62$7,521,927$3,187,782$2,435,602$5,555,235
63$8,246,899$3,301,718$2,474,930$5,985,184
64$9,044,487$3,419,907$2,514,244$6,454,970
65$9,922,055$3,542,513$2,553,502$6,968,538
66$10,887,719$3,669,710$2,592,658$7,530,228
67$11,950,419$3,801,679$2,631,665$8,144,820
68$13,120,008$3,938,607$2,670,472$8,817,578
69$14,407,340$4,080,690$2,709,024$9,554,299
70$15,824,376$4,228,131$2,747,263$10,361,367
71$17,384,296$4,381,143$2,785,130$11,245,810
72$19,101,621$4,539,946$2,822,559$12,215,371
73$20,992,354$4,704,770$2,859,482$13,278,579
74$23,074,125$4,875,856$2,895,826$14,444,825
75$25,366,365$5,053,452$2,931,516$15,724,454
76$27,890,482$5,237,819$2,966,469$17,128,862
77$30,670,066$5,429,227$3,000,600$18,670,600
78$33,731,113$5,627,959$3,033,820$20,363,494
79$37,102,266$5,834,308$3,066,033$22,222,777
80$40,815,090$6,048,583$3,097,138$24,265,225
81$44,904,367$6,271,101$3,127,030$26,509,323
82$49,408,423$6,502,195$3,155,596$28,975,434
83$54,369,493$6,742,214$3,182,720$31,685,988
84$59,834,117$6,991,518$3,208,276$34,665,701
85$65,853,578$7,250,484$3,232,135$37,941,799
86$72,484,391$7,519,505$3,254,160$41,544,279
87$79,788,830$7,798,992$3,274,205$45,506,190
88$87,835,519$8,089,371$3,292,119$49,863,944
89$96,700,079$8,391,087$3,307,742$54,657,658
90$106,465,843$8,704,606$3,320,907$59,931,532
91$117,224,639$9,030,412$3,331,438$65,734,267
92$129,077,659$9,369,009$3,339,148$72,119,521
93$142,136,415$9,720,925$3,343,844$79,146,416
94$156,523,788$10,086,709$3,345,322$86,880,094
95$172,375,191$10,466,935$3,343,367$95,392,330
96$189,839,846$10,862,200$3,337,754$104,762,213
97$209,082,190$11,273,128$3,328,249$115,076,883
98$230,283,432$11,700,370$3,314,604$126,432,361
99$253,643,259$12,144,604$3,296,560$138,934,447
100$279,381,722$12,606,541$3,273,846$152,699,722