Can I retire at age 47 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$150,294$148,955$147,649$146,374$145,129$141,621
2 years$74,403$73,017$71,674$70,372$69,109$65,596
3 years$49,109$47,718$46,378$45,088$43,846$40,437
4 years$36,465$35,077$33,751$32,483$31,271$27,993
5 years$28,880$27,501$26,192$24,950$23,772$20,634
6 years$23,825$22,457$21,167$19,953$18,810$15,815
7 years$20,216$18,859$17,590$16,405$15,297$12,446
8 years$17,511$16,166$14,918$13,761$12,691$9,982
9 years$15,407$14,075$12,849$11,722$10,687$8,119
10 years$13,726$12,407$11,202$10,104$9,106$6,675
11 years$12,351$11,045$9,862$8,794$7,832$5,534
12 years$11,206$9,913$8,752$7,713$6,787$4,619
13 years$10,238$8,959$7,820$6,810$5,918$3,876
14 years$9,409$8,143$7,026$6,045$5,188$3,267
15 years$8,691$7,439$6,343$5,391$4,568$2,764
16 years$8,063$6,825$5,751$4,827$4,037$2,345
17 years$7,510$6,286$5,233$4,337$3,579$1,995
18 years$7,019$5,808$4,777$3,908$3,183$1,701
19 years$6,580$5,383$4,373$3,532$2,837$1,452
20 years$6,186$5,002$4,014$3,199$2,534$1,242
21 years$5,829$4,659$3,692$2,903$2,268$1,064
22 years$5,505$4,349$3,403$2,639$2,033$912
23 years$5,210$4,068$3,142$2,404$1,825$782
24 years$4,940$3,811$2,906$2,192$1,640$672
25 years$4,692$3,577$2,691$2,002$1,476$577
26 years$4,464$3,362$2,496$1,831$1,329$496
27 years$4,252$3,164$2,318$1,676$1,198$427
28 years$4,056$2,981$2,155$1,535$1,081$367
29 years$3,874$2,812$2,005$1,408$976$316
30 years$3,705$2,656$1,868$1,292$882$272
31 years$3,546$2,511$1,741$1,187$798$235
32 years$3,398$2,376$1,624$1,091$722$202
33 years$3,259$2,250$1,517$1,003$653$174
34 years$3,129$2,132$1,417$923$591$150
35 years$3,006$2,022$1,325$849$535$129
36 years$2,891$1,920$1,239$782$485$112
37 years$2,781$1,823$1,160$721$440$96
38 years$2,678$1,733$1,086$664$399$83
39 years$2,581$1,648$1,018$613$362$72
40 years$2,488$1,568$954$565$328$62
41 years$2,400$1,492$895$521$297$53
42 years$2,317$1,421$839$481$270$46
43 years$2,238$1,354$787$444$245$40
44 years$2,162$1,291$739$410$222$34
45 years$2,091$1,231$694$379$202$29
46 years$2,022$1,174$652$350$183$25
47 years$1,957$1,120$612$323$166$22
48 years$1,894$1,070$575$299$151$19
49 years$1,834$1,021$541$276$137$16
50 years$1,777$976$509$255$125$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,820,000, adding $5,616 every year, while hoping to spend $57,360 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: 74/9/17 Blend
46$1,820,000$1,820,000$1,820,000$1,820,000
47$2,011,433$1,914,973$1,886,763$2,152,075
48$2,155,568$1,947,776$1,888,939$2,278,813
49$2,312,483$1,980,264$1,889,265$2,410,063
50$2,483,421$2,012,361$1,887,620$2,552,370
51$2,669,748$2,043,985$1,883,873$2,706,818
52$2,872,971$2,075,049$1,877,892$2,874,605
53$3,094,746$2,105,458$1,869,533$3,057,047
54$3,336,897$2,135,113$1,858,650$3,255,596
55$3,601,432$2,163,905$1,845,086$3,471,852
56$3,890,561$2,191,719$1,828,679$3,707,579
57$4,206,718$2,218,433$1,809,259$3,964,719
58$4,552,580$2,243,913$1,786,647$4,245,414
59$4,931,100$2,268,021$1,760,656$4,552,023
60$5,345,524$2,290,606$1,731,090$4,887,146
61$5,799,430$2,311,509$1,697,744$5,253,651
62$6,296,758$2,330,559$1,660,404$5,654,696
63$6,841,845$2,347,574$1,618,846$6,093,763
64$7,439,470$2,362,362$1,572,834$6,574,688
65$8,094,895$2,374,717$1,522,123$7,101,701
66$8,813,916$2,384,420$1,466,456$7,679,463
67$9,602,918$2,391,238$1,405,564$8,313,111
68$10,468,932$2,394,926$1,339,167$9,008,307
69$11,419,705$2,395,219$1,266,971$9,771,293
70$12,463,770$2,391,839$1,188,669$10,608,946
71$13,610,525$2,384,490$1,103,941$11,528,847
72$14,870,327$2,372,858$1,012,451$12,539,353
73$16,254,581$2,356,609$913,849$13,649,673
74$17,775,855$2,335,389$807,769$14,869,958
75$19,447,993$2,308,824$693,830$16,211,395
76$21,286,247$2,276,516$571,633$17,686,315
77$23,307,422$2,238,043$440,760$19,308,309
78$25,530,032$2,192,959$300,778$21,092,357
79$27,974,472$2,140,792$151,232$23,054,967
80$30,663,218$2,081,040$0$25,214,336
81$33,621,029$2,013,174$0$27,592,037
82$36,875,187$1,936,633$0$30,238,029
83$40,455,751$1,850,823$0$33,149,309
84$44,395,840$1,755,116$0$36,352,824
85$48,731,947$1,648,847$0$39,878,271
86$53,504,280$1,531,315$0$43,758,371
87$58,757,144$1,401,777$0$48,029,184
88$64,539,356$1,259,447$0$52,730,444
89$70,904,707$1,103,497$0$57,905,938
90$77,912,467$933,048$0$63,603,916
91$85,627,946$747,175$0$69,877,549
92$94,123,109$544,898$0$76,785,430
93$103,477,253$325,186$0$84,392,127
94$113,777,758$86,945$0$92,768,791
95$125,120,908$0$0$101,993,831
96$137,612,801$0$0$112,170,585
97$151,370,348$0$0$123,388,018
98$166,522,377$0$0$135,742,573
99$183,210,850$0$0$149,350,017
100$201,592,197$0$0$164,337,912