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%13.1%
1 years$149,468$148,137$146,838$145,570$144,332$142,469
2 years$73,994$72,616$71,280$69,986$68,729$66,856
3 years$48,839$47,455$46,123$44,840$43,605$41,778
4 years$36,265$34,885$33,566$32,305$31,099$29,333
5 years$28,722$27,350$26,048$24,813$23,641$21,941
6 years$23,695$22,333$21,051$19,843$18,706$17,075
7 years$20,105$18,756$17,494$16,314$15,213$13,651
8 years$17,414$16,077$14,836$13,686$12,621$11,127
9 years$15,323$13,998$12,778$11,657$10,629$9,203
10 years$13,650$12,338$11,140$10,049$9,056$7,697
11 years$12,283$10,984$9,808$8,745$7,789$6,495
12 years$11,144$9,859$8,704$7,671$6,749$5,520
13 years$10,182$8,909$7,777$6,772$5,886$4,719
14 years$9,357$8,098$6,987$6,012$5,159$4,054
15 years$8,643$7,398$6,309$5,361$4,543$3,496
16 years$8,019$6,788$5,720$4,800$4,015$3,026
17 years$7,469$6,251$5,205$4,313$3,560$2,626
18 years$6,980$5,776$4,751$3,887$3,165$2,285
19 years$6,544$5,353$4,349$3,512$2,821$1,992
20 years$6,152$4,975$3,992$3,181$2,520$1,740
21 years$5,797$4,634$3,672$2,887$2,255$1,522
22 years$5,475$4,325$3,384$2,625$2,021$1,333
23 years$5,182$4,045$3,124$2,391$1,815$1,169
24 years$4,913$3,790$2,890$2,180$1,631$1,026
25 years$4,666$3,557$2,676$1,991$1,468$901
26 years$4,439$3,343$2,482$1,821$1,322$793
27 years$4,229$3,146$2,305$1,666$1,192$697
28 years$4,034$2,965$2,143$1,527$1,075$614
29 years$3,853$2,797$1,994$1,400$971$541
30 years$3,684$2,641$1,857$1,285$877$477
31 years$3,527$2,497$1,732$1,180$793$420
32 years$3,380$2,363$1,616$1,085$718$370
33 years$3,241$2,237$1,508$997$649$327
34 years$3,112$2,121$1,409$918$588$288
35 years$2,990$2,011$1,318$845$533$254
36 years$2,875$1,909$1,233$778$483$225
37 years$2,766$1,813$1,154$717$437$198
38 years$2,664$1,723$1,080$661$396$175
39 years$2,567$1,639$1,012$609$360$155
40 years$2,475$1,559$949$562$326$137
41 years$2,387$1,484$890$518$296$121
42 years$2,304$1,413$835$478$268$107
43 years$2,226$1,347$783$442$244$94
44 years$2,151$1,284$735$408$221$83
45 years$2,079$1,224$690$377$201$74
46 years$2,011$1,168$648$348$182$65
47 years$1,946$1,114$609$321$166$57
48 years$1,884$1,064$572$297$150$51
49 years$1,824$1,016$538$274$137$45
50 years$1,767$970$506$254$124$40

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 $6,540 every year, while hoping to spend $24,382 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: 42/44/14 Blend
46$1,810,000$1,810,000$1,810,000$1,810,000
47$2,001,366$1,905,436$1,877,381$2,076,957
48$2,179,563$1,972,860$1,914,331$2,198,159
49$2,375,119$2,042,771$1,951,702$2,326,402
50$2,589,779$2,115,264$1,989,481$2,464,740
51$2,825,464$2,190,440$2,027,657$2,614,106
52$3,084,293$2,268,403$2,066,215$2,775,528
53$3,368,597$2,349,261$2,105,139$2,950,132
54$3,680,946$2,433,127$2,144,413$3,139,157
55$4,024,170$2,520,118$2,184,019$3,343,965
56$4,401,388$2,610,356$2,223,936$3,566,053
57$4,816,034$2,703,968$2,264,143$3,807,065
58$5,271,895$2,801,087$2,304,616$4,068,813
59$5,773,138$2,901,851$2,345,331$4,353,285
60$6,324,359$3,006,403$2,386,261$4,662,670
61$6,930,619$3,114,892$2,427,376$4,999,377
62$7,597,495$3,227,474$2,468,645$5,366,052
63$8,331,130$3,344,311$2,510,036$5,765,611
64$9,138,295$3,465,572$2,551,511$6,201,260
65$10,026,448$3,591,432$2,593,034$6,676,526
66$11,003,809$3,722,075$2,634,564$7,195,291
67$12,079,432$3,857,692$2,676,057$7,761,830
68$13,263,296$3,998,480$2,717,466$8,380,845
69$14,566,394$4,144,648$2,758,743$9,057,514
70$16,000,841$4,296,410$2,799,836$9,797,535
71$17,579,985$4,453,992$2,840,689$10,607,182
72$19,318,534$4,617,628$2,881,242$11,493,363
73$21,232,695$4,787,562$2,921,434$12,463,682
74$23,340,325$4,964,049$2,961,198$13,526,513
75$25,661,104$5,147,352$3,000,463$14,691,075
76$28,216,714$5,337,750$3,039,156$15,967,523
77$31,031,049$5,535,530$3,077,198$17,367,036
78$34,130,438$5,740,993$3,114,506$18,901,927
79$37,543,892$5,954,451$3,150,991$20,585,756
80$41,303,381$6,176,231$3,186,561$22,433,457
81$45,444,133$6,406,673$3,221,118$24,461,478
82$50,004,968$6,646,134$3,254,559$26,687,936
83$55,028,662$6,894,982$3,286,775$29,132,784
84$60,562,354$7,153,604$3,317,650$31,818,002
85$66,657,986$7,422,403$3,347,063$34,767,800
86$73,372,799$7,701,799$3,374,888$38,008,845
87$80,769,867$7,992,229$3,400,989$41,570,515
88$88,918,696$8,294,152$3,425,225$45,485,171
89$97,895,881$8,608,043$3,447,448$49,788,461
90$107,785,824$8,934,400$3,467,501$54,519,659
91$118,681,535$9,273,743$3,485,219$59,722,028
92$130,685,508$9,626,612$3,500,430$65,443,232
93$143,910,687$9,993,574$3,512,952$71,735,782
94$158,481,535$10,375,217$3,522,594$78,657,527
95$174,535,206$10,772,157$3,529,155$86,272,205
96$192,222,842$11,185,037$3,532,426$94,650,035
97$211,710,995$11,614,527$3,532,185$103,868,382
98$233,183,204$12,061,327$3,528,202$114,012,486
99$256,841,726$12,526,167$3,520,231$125,176,261
100$282,909,443$13,009,810$3,508,020$137,463,181