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%17.4%
1 years$148,642$147,318$146,027$144,766$143,535$139,219
2 years$73,585$72,215$70,887$69,599$68,350$64,038
3 years$48,570$47,193$45,868$44,593$43,364$39,191
4 years$36,064$34,692$33,380$32,127$30,928$26,926
5 years$28,563$27,199$25,905$24,676$23,511$19,691
6 years$23,564$22,210$20,935$19,734$18,603$14,969
7 years$19,994$18,652$17,397$16,224$15,129$11,681
8 years$17,318$15,988$14,754$13,610$12,551$9,286
9 years$15,238$13,921$12,708$11,593$10,570$7,485
10 years$13,575$12,270$11,079$9,993$9,006$6,096
11 years$12,215$10,924$9,754$8,697$7,746$5,006
12 years$11,083$9,804$8,656$7,628$6,712$4,137
13 years$10,125$8,860$7,734$6,735$5,853$3,437
14 years$9,305$8,054$6,949$5,978$5,131$2,867
15 years$8,595$7,357$6,274$5,332$4,518$2,400
16 years$7,975$6,750$5,688$4,774$3,993$2,015
17 years$7,428$6,217$5,176$4,289$3,540$1,695
18 years$6,942$5,744$4,725$3,866$3,148$1,429
19 years$6,508$5,324$4,325$3,493$2,806$1,207
20 years$6,118$4,947$3,970$3,163$2,506$1,020
21 years$5,765$4,608$3,651$2,871$2,243$864
22 years$5,445$4,302$3,365$2,610$2,010$732
23 years$5,153$4,023$3,107$2,377$1,804$621
24 years$4,886$3,769$2,874$2,168$1,622$527
25 years$4,641$3,537$2,662$1,980$1,459$447
26 years$4,415$3,325$2,468$1,811$1,315$380
27 years$4,206$3,129$2,292$1,657$1,185$323
28 years$4,012$2,948$2,131$1,518$1,069$274
29 years$3,832$2,781$1,983$1,392$966$233
30 years$3,664$2,627$1,847$1,278$873$198
31 years$3,507$2,483$1,722$1,174$789$169
32 years$3,361$2,350$1,607$1,079$714$144
33 years$3,224$2,225$1,500$992$646$122
34 years$3,095$2,109$1,402$913$585$104
35 years$2,973$2,000$1,310$840$530$89
36 years$2,859$1,898$1,226$774$480$75
37 years$2,751$1,803$1,147$713$435$64
38 years$2,649$1,714$1,074$657$394$55
39 years$2,552$1,629$1,007$606$358$47
40 years$2,461$1,550$944$559$324$40
41 years$2,374$1,476$885$516$294$34
42 years$2,292$1,405$830$476$267$29
43 years$2,213$1,339$779$439$242$24
44 years$2,139$1,276$731$406$220$21
45 years$2,068$1,217$686$375$200$18
46 years$2,000$1,161$645$346$181$15
47 years$1,935$1,108$606$320$165$13
48 years$1,873$1,058$569$295$149$11
49 years$1,814$1,010$535$273$136$9
50 years$1,757$965$503$252$123$8

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 $3,385 every year, while hoping to spend $51,716 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: 46/27/27 Blend
46$1,800,000$1,800,000$1,800,000$1,800,000
47$1,987,092$1,891,692$1,863,792$2,062,920
48$2,134,750$1,929,359$1,871,203$2,154,557
49$2,295,735$1,967,139$1,877,130$2,248,638
50$2,471,354$2,004,982$1,881,467$2,349,715
51$2,663,041$2,042,835$1,884,105$2,458,470
52$2,872,378$2,080,641$1,884,930$2,575,656
53$3,101,105$2,118,337$1,883,819$2,702,105
54$3,351,138$2,155,856$1,880,648$2,838,734
55$3,624,587$2,193,126$1,875,282$2,986,554
56$3,923,774$2,230,068$1,867,584$3,146,682
57$4,251,257$2,266,600$1,857,405$3,320,349
58$4,609,852$2,302,629$1,844,595$3,508,917
59$5,002,659$2,338,061$1,828,992$3,713,884
60$5,433,096$2,372,791$1,810,428$3,936,905
61$5,904,921$2,406,708$1,788,727$4,179,808
62$6,422,279$2,439,692$1,763,706$4,444,607
63$6,989,732$2,471,618$1,735,170$4,733,525
64$7,612,305$2,502,347$1,702,918$5,049,014
65$8,295,533$2,531,735$1,666,739$5,393,781
66$9,045,514$2,559,627$1,626,412$5,770,812
67$9,868,964$2,585,856$1,581,704$6,183,398
68$10,773,282$2,610,246$1,532,374$6,635,173
69$11,766,616$2,632,608$1,478,169$7,130,145
70$12,857,947$2,652,742$1,418,823$7,672,735
71$14,057,164$2,670,432$1,354,060$8,267,818
72$15,375,163$2,685,452$1,283,590$8,920,773
73$16,823,950$2,697,560$1,207,110$9,637,532
74$18,416,750$2,706,497$1,124,305$10,424,639
75$20,168,133$2,711,990$1,034,844$11,289,311
76$22,094,152$2,713,747$938,381$12,239,506
77$24,212,495$2,711,460$834,556$13,284,003
78$26,542,649$2,704,800$722,993$14,432,482
79$29,106,083$2,693,419$603,297$15,695,618
80$31,926,453$2,676,948$475,058$17,085,184
81$35,029,826$2,654,992$337,846$18,614,163
82$38,444,919$2,627,138$191,215$20,296,870
83$42,203,376$2,592,943$34,696$22,149,090
84$46,340,064$2,551,940$0$24,188,231
85$50,893,400$2,503,635$0$26,471,609
86$55,905,716$2,447,502$0$28,995,408
87$61,423,655$2,382,986$0$31,773,107
88$67,498,615$2,309,499$0$34,830,593
89$74,187,227$2,226,418$0$38,196,395
90$81,551,896$2,133,084$0$41,901,961
91$89,661,385$2,028,801$0$45,981,949
92$98,591,464$1,912,830$0$50,474,558
93$108,425,626$1,784,392$0$55,421,890
94$119,255,875$1,642,662$0$60,870,349
95$131,183,591$1,486,769$0$66,871,078
96$144,320,488$1,315,791$0$73,480,445
97$158,789,667$1,128,754$0$80,760,576
98$174,726,780$924,631$0$88,779,941
99$192,281,307$702,332$0$97,614,005
100$211,617,966$460,712$0$107,345,941