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%17.5%
1 years$149,468$148,137$146,838$145,570$144,332$139,936
2 years$73,994$72,616$71,280$69,986$68,729$64,338
3 years$48,839$47,455$46,123$44,840$43,605$39,356
4 years$36,265$34,885$33,566$32,305$31,099$27,026
5 years$28,722$27,350$26,048$24,813$23,641$19,754
6 years$23,695$22,333$21,051$19,843$18,706$15,009
7 years$20,105$18,756$17,494$16,314$15,213$11,705
8 years$17,414$16,077$14,836$13,686$12,621$9,300
9 years$15,323$13,998$12,778$11,657$10,629$7,491
10 years$13,650$12,338$11,140$10,049$9,056$6,097
11 years$12,283$10,984$9,808$8,745$7,789$5,004
12 years$11,144$9,859$8,704$7,671$6,749$4,133
13 years$10,182$8,909$7,777$6,772$5,886$3,431
14 years$9,357$8,098$6,987$6,012$5,159$2,860
15 years$8,643$7,398$6,309$5,361$4,543$2,393
16 years$8,019$6,788$5,720$4,800$4,015$2,007
17 years$7,469$6,251$5,205$4,313$3,560$1,688
18 years$6,980$5,776$4,751$3,887$3,165$1,422
19 years$6,544$5,353$4,349$3,512$2,821$1,200
20 years$6,152$4,975$3,992$3,181$2,520$1,013
21 years$5,797$4,634$3,672$2,887$2,255$857
22 years$5,475$4,325$3,384$2,625$2,021$726
23 years$5,182$4,045$3,124$2,391$1,815$615
24 years$4,913$3,790$2,890$2,180$1,631$521
25 years$4,666$3,557$2,676$1,991$1,468$442
26 years$4,439$3,343$2,482$1,821$1,322$375
27 years$4,229$3,146$2,305$1,666$1,192$319
28 years$4,034$2,965$2,143$1,527$1,075$271
29 years$3,853$2,797$1,994$1,400$971$230
30 years$3,684$2,641$1,857$1,285$877$196
31 years$3,527$2,497$1,732$1,180$793$166
32 years$3,380$2,363$1,616$1,085$718$141
33 years$3,241$2,237$1,508$997$649$120
34 years$3,112$2,121$1,409$918$588$102
35 years$2,990$2,011$1,318$845$533$87
36 years$2,875$1,909$1,233$778$483$74
37 years$2,766$1,813$1,154$717$437$63
38 years$2,664$1,723$1,080$661$396$54
39 years$2,567$1,639$1,012$609$360$46
40 years$2,475$1,559$949$562$326$39
41 years$2,387$1,484$890$518$296$33
42 years$2,304$1,413$835$478$268$28
43 years$2,226$1,347$783$442$244$24
44 years$2,151$1,284$735$408$221$20
45 years$2,079$1,224$690$377$201$17
46 years$2,011$1,168$648$348$182$15
47 years$1,946$1,114$609$321$166$13
48 years$1,884$1,064$572$297$150$11
49 years$1,824$1,016$538$274$137$9
50 years$1,767$970$506$254$124$8

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 $3,729 every year, while hoping to spend $51,156 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: 50/45/5 Blend
46$1,810,000$1,810,000$1,810,000$1,810,000
47$1,998,466$1,902,536$1,874,481$2,095,824
48$2,147,880$1,941,331$1,882,847$2,201,251
49$2,310,820$1,980,312$1,889,778$2,309,918
50$2,488,611$2,019,435$1,895,173$2,426,760
51$2,682,713$2,058,650$1,898,925$2,552,551
52$2,894,731$2,097,906$1,900,920$2,688,147
53$3,126,434$2,137,143$1,901,041$2,834,489
54$3,379,768$2,176,302$1,899,164$2,992,614
55$3,656,877$2,215,313$1,895,159$3,163,664
56$3,960,122$2,254,107$1,888,890$3,348,899
57$4,292,100$2,292,603$1,880,213$3,549,707
58$4,655,673$2,330,720$1,868,979$3,767,618
59$5,053,992$2,368,366$1,855,031$4,004,317
60$5,490,529$2,405,445$1,838,204$4,261,662
61$5,969,105$2,441,854$1,818,326$4,541,703
62$6,493,929$2,477,481$1,795,215$4,846,696
63$7,069,639$2,512,206$1,768,684$5,179,131
64$7,701,341$2,545,903$1,738,534$5,541,752
65$8,394,660$2,578,435$1,704,558$5,937,582
66$9,155,794$2,609,656$1,666,538$6,369,957
67$9,991,566$2,639,411$1,624,249$6,842,552
68$10,909,497$2,667,533$1,577,452$7,359,420
69$11,917,868$2,693,845$1,525,899$7,925,027
70$13,025,805$2,718,158$1,469,331$8,544,300
71$14,243,360$2,740,270$1,407,476$9,222,667
72$15,581,605$2,759,966$1,340,050$9,966,115
73$17,052,743$2,777,019$1,266,755$10,781,244
74$18,670,214$2,791,184$1,187,283$11,675,329
75$20,448,827$2,802,203$1,101,308$12,656,390
76$22,404,898$2,809,801$1,008,492$13,733,271
77$24,556,401$2,813,685$908,480$14,915,721
78$26,923,144$2,813,545$800,904$16,214,486
79$29,526,946$2,809,051$685,377$17,641,415
80$32,391,853$2,799,852$561,495$19,209,569
81$35,544,354$2,785,578$428,837$20,933,350
82$39,013,640$2,765,832$286,964$22,828,630
83$42,831,871$2,740,197$135,417$24,912,911
84$47,034,485$2,708,230$0$27,205,485
85$51,660,529$2,669,460$0$29,729,022
86$56,753,028$2,623,389$0$32,513,366
87$62,359,390$2,569,489$0$35,577,157
88$68,531,855$2,507,200$0$38,948,914
89$75,327,982$2,435,932$0$42,660,074
90$82,811,200$2,355,056$0$46,745,291
91$91,051,399$2,263,910$0$51,242,760
92$100,125,592$2,161,792$0$56,194,586
93$110,118,641$2,047,959$0$61,647,176
94$121,124,059$1,921,625$0$67,651,685
95$133,244,889$1,781,961$0$74,264,498
96$146,594,679$1,628,088$0$81,547,766
97$161,298,549$1,459,077$0$89,569,992
98$177,494,378$1,273,948$0$98,406,684
99$195,334,097$1,071,664$0$108,141,068
100$214,985,129$851,130$0$118,864,876