Can I retire at age 47 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$149,468$148,137$146,838$145,570$144,332$142,058
2 years$73,994$72,616$71,280$69,986$68,729$66,444
3 years$48,839$47,455$46,123$44,840$43,605$41,380
4 years$36,265$34,885$33,566$32,305$31,099$28,951
5 years$28,722$27,350$26,048$24,813$23,641$21,576
6 years$23,695$22,333$21,051$19,843$18,706$16,727
7 years$20,105$18,756$17,494$16,314$15,213$13,321
8 years$17,414$16,077$14,836$13,686$12,621$10,814
9 years$15,323$13,998$12,778$11,657$10,629$8,907
10 years$13,650$12,338$11,140$10,049$9,056$7,418
11 years$12,283$10,984$9,808$8,745$7,789$6,233
12 years$11,144$9,859$8,704$7,671$6,749$5,274
13 years$10,182$8,909$7,777$6,772$5,886$4,488
14 years$9,357$8,098$6,987$6,012$5,159$3,837
15 years$8,643$7,398$6,309$5,361$4,543$3,293
16 years$8,019$6,788$5,720$4,800$4,015$2,836
17 years$7,469$6,251$5,205$4,313$3,560$2,449
18 years$6,980$5,776$4,751$3,887$3,165$2,120
19 years$6,544$5,353$4,349$3,512$2,821$1,839
20 years$6,152$4,975$3,992$3,181$2,520$1,598
21 years$5,797$4,634$3,672$2,887$2,255$1,390
22 years$5,475$4,325$3,384$2,625$2,021$1,211
23 years$5,182$4,045$3,124$2,391$1,815$1,056
24 years$4,913$3,790$2,890$2,180$1,631$922
25 years$4,666$3,557$2,676$1,991$1,468$806
26 years$4,439$3,343$2,482$1,821$1,322$705
27 years$4,229$3,146$2,305$1,666$1,192$617
28 years$4,034$2,965$2,143$1,527$1,075$540
29 years$3,853$2,797$1,994$1,400$971$473
30 years$3,684$2,641$1,857$1,285$877$414
31 years$3,527$2,497$1,732$1,180$793$363
32 years$3,380$2,363$1,616$1,085$718$318
33 years$3,241$2,237$1,508$997$649$279
34 years$3,112$2,121$1,409$918$588$245
35 years$2,990$2,011$1,318$845$533$215
36 years$2,875$1,909$1,233$778$483$189
37 years$2,766$1,813$1,154$717$437$165
38 years$2,664$1,723$1,080$661$396$145
39 years$2,567$1,639$1,012$609$360$128
40 years$2,475$1,559$949$562$326$112
41 years$2,387$1,484$890$518$296$98
42 years$2,304$1,413$835$478$268$86
43 years$2,226$1,347$783$442$244$76
44 years$2,151$1,284$735$408$221$67
45 years$2,079$1,224$690$377$201$59
46 years$2,011$1,168$648$348$182$51
47 years$1,946$1,114$609$321$166$45
48 years$1,884$1,064$572$297$150$40
49 years$1,824$1,016$538$274$137$35
50 years$1,767$970$506$254$124$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,810,000, adding $6,143 every year, while hoping to spend $59,132 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: 76/17/7 Blend
46$1,810,000$1,810,000$1,810,000$1,810,000
47$2,000,957$1,905,027$1,876,972$2,150,795
48$2,142,138$1,935,457$1,876,934$2,280,569
49$2,295,738$1,965,396$1,874,914$2,414,580
50$2,462,962$1,994,759$1,870,781$2,559,750
51$2,645,133$2,023,451$1,864,401$2,717,164
52$2,843,710$2,051,374$1,855,633$2,888,013
53$3,060,299$2,078,422$1,844,327$3,073,614
54$3,296,666$2,104,481$1,830,328$3,275,415
55$3,554,755$2,129,429$1,813,473$3,495,010
56$3,836,707$2,153,138$1,793,591$3,734,156
57$4,144,877$2,175,469$1,770,503$3,994,792
58$4,481,862$2,196,273$1,744,022$4,279,048
59$4,850,516$2,215,395$1,713,951$4,589,276
60$5,253,985$2,232,666$1,680,085$4,928,065
61$5,695,733$2,247,908$1,642,209$5,298,269
62$6,179,572$2,260,930$1,600,098$5,703,032
63$6,709,705$2,271,532$1,553,517$6,145,819
64$7,290,754$2,279,496$1,502,220$6,630,447
65$7,927,816$2,284,597$1,445,949$7,161,125
66$8,626,500$2,286,589$1,384,435$7,742,488
67$9,392,987$2,285,215$1,317,397$8,379,646
68$10,234,082$2,280,201$1,244,540$9,078,231
69$11,157,284$2,271,257$1,165,558$9,844,447
70$12,170,852$2,258,073$1,080,129$10,685,134
71$13,283,882$2,240,322$987,917$11,607,828
72$14,506,397$2,217,657$888,571$12,620,836
73$15,849,436$2,189,709$781,725$13,733,313
74$17,325,162$2,156,088$666,996$14,955,347
75$18,946,974$2,116,382$543,986$16,298,058
76$20,729,632$2,070,151$412,275$17,773,700
77$22,689,397$2,016,931$271,430$19,395,780
78$24,844,187$1,956,232$120,995$21,179,182
79$27,213,741$1,887,534$0$23,140,311
80$29,819,805$1,810,286$0$25,300,202
81$32,686,342$1,723,907$0$27,685,664
82$35,839,750$1,627,779$0$30,309,652
83$39,309,117$1,521,253$0$33,196,409
84$43,126,491$1,403,639$0$36,372,655
85$47,327,184$1,274,208$0$39,867,835
86$51,950,105$1,132,192$0$43,714,396
87$57,038,123$976,777$0$47,948,100
88$62,638,476$807,104$0$52,608,355
89$68,803,213$622,264$0$57,738,592
90$75,589,684$421,298$0$63,386,671
91$83,061,085$203,195$0$69,605,340
92$91,287,048$0$0$76,452,726
93$100,344,302$0$0$83,999,086
94$110,317,394$0$0$92,350,450
95$121,299,488$0$0$101,546,832
96$133,393,241$0$0$111,674,209
97$146,711,775$0$0$122,827,320
98$161,379,741$0$0$135,110,563
99$177,534,495$0$0$148,638,975
100$195,327,396$0$0$163,539,319