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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.8%
1 years$150,294$148,955$147,649$146,374$145,129$139,426
2 years$74,403$73,017$71,674$70,372$69,109$63,433
3 years$49,109$47,718$46,378$45,088$43,846$38,376
4 years$36,465$35,077$33,751$32,483$31,271$26,048
5 years$28,880$27,501$26,192$24,950$23,772$18,810
6 years$23,825$22,457$21,167$19,953$18,810$14,112
7 years$20,216$18,859$17,590$16,405$15,297$10,862
8 years$17,511$16,166$14,918$13,761$12,691$8,513
9 years$15,407$14,075$12,849$11,722$10,687$6,761
10 years$13,726$12,407$11,202$10,104$9,106$5,424
11 years$12,351$11,045$9,862$8,794$7,832$4,385
12 years$11,206$9,913$8,752$7,713$6,787$3,567
13 years$10,238$8,959$7,820$6,810$5,918$2,915
14 years$9,409$8,143$7,026$6,045$5,188$2,392
15 years$8,691$7,439$6,343$5,391$4,568$1,968
16 years$8,063$6,825$5,751$4,827$4,037$1,624
17 years$7,510$6,286$5,233$4,337$3,579$1,342
18 years$7,019$5,808$4,777$3,908$3,183$1,112
19 years$6,580$5,383$4,373$3,532$2,837$922
20 years$6,186$5,002$4,014$3,199$2,534$765
21 years$5,829$4,659$3,692$2,903$2,268$636
22 years$5,505$4,349$3,403$2,639$2,033$529
23 years$5,210$4,068$3,142$2,404$1,825$440
24 years$4,940$3,811$2,906$2,192$1,640$366
25 years$4,692$3,577$2,691$2,002$1,476$305
26 years$4,464$3,362$2,496$1,831$1,329$254
27 years$4,252$3,164$2,318$1,676$1,198$212
28 years$4,056$2,981$2,155$1,535$1,081$177
29 years$3,874$2,812$2,005$1,408$976$147
30 years$3,705$2,656$1,868$1,292$882$123
31 years$3,546$2,511$1,741$1,187$798$102
32 years$3,398$2,376$1,624$1,091$722$85
33 years$3,259$2,250$1,517$1,003$653$71
34 years$3,129$2,132$1,417$923$591$59
35 years$3,006$2,022$1,325$849$535$50
36 years$2,891$1,920$1,239$782$485$41
37 years$2,781$1,823$1,160$721$440$35
38 years$2,678$1,733$1,086$664$399$29
39 years$2,581$1,648$1,018$613$362$24
40 years$2,488$1,568$954$565$328$20
41 years$2,400$1,492$895$521$297$17
42 years$2,317$1,421$839$481$270$14
43 years$2,238$1,354$787$444$245$12
44 years$2,162$1,291$739$410$222$10
45 years$2,091$1,231$694$379$202$8
46 years$2,022$1,174$652$350$183$7
47 years$1,957$1,120$612$323$166$6
48 years$1,894$1,070$575$299$151$5
49 years$1,834$1,021$541$276$137$4
50 years$1,777$976$509$255$125$3

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 $6,140 every year, while hoping to spend $43,061 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: 77/12/11 Blend
46$1,820,000$1,820,000$1,820,000$1,820,000
47$2,011,973$1,915,513$1,887,303$2,162,365
48$2,171,378$1,963,557$1,904,712$2,310,248
49$2,345,599$2,012,511$1,921,260$2,466,252
50$2,536,102$2,062,376$1,936,873$2,636,084
51$2,744,500$2,113,148$1,951,474$2,821,105
52$2,972,571$2,164,825$1,964,981$3,022,812
53$3,222,271$2,217,399$1,977,306$3,242,856
54$3,495,756$2,270,865$1,988,358$3,483,054
55$3,795,397$2,325,212$1,998,043$3,745,407
56$4,123,809$2,380,428$2,006,259$4,032,120
57$4,483,869$2,436,501$2,012,900$4,345,622
58$4,878,748$2,493,413$2,017,856$4,688,588
59$5,311,936$2,551,146$2,021,010$5,063,965
60$5,787,279$2,609,678$2,022,239$5,474,999
61$6,309,013$2,668,984$2,021,416$5,925,268
62$6,881,804$2,729,036$2,018,406$6,418,711
63$7,510,792$2,789,803$2,013,066$6,959,671
64$8,201,639$2,851,249$2,005,250$7,552,931
65$8,960,582$2,913,336$1,994,801$8,203,761
66$9,794,491$2,976,020$1,981,557$8,917,967
67$10,710,937$3,039,252$1,965,347$9,701,947
68$11,718,259$3,102,982$1,945,993$10,562,751
69$12,825,644$3,167,151$1,923,306$11,508,147
70$14,043,215$3,231,696$1,897,092$12,546,693
71$15,382,122$3,296,548$1,867,143$13,687,819
72$16,854,653$3,361,633$1,833,247$14,941,919
73$18,474,343$3,426,869$1,795,177$16,320,443
74$20,256,108$3,492,168$1,752,697$17,836,009
75$22,216,381$3,557,434$1,705,562$19,502,521
76$24,373,267$3,622,564$1,653,514$21,335,300
77$26,746,717$3,687,446$1,596,283$23,351,231
78$29,358,710$3,751,959$1,533,587$25,568,918
79$32,233,468$3,815,974$1,465,131$28,008,863
80$35,397,676$3,879,351$1,390,608$30,693,658
81$38,880,740$3,941,940$1,309,694$33,648,200
82$42,715,060$4,003,580$1,222,053$36,899,924
83$46,936,338$4,064,098$1,127,334$40,479,062
84$51,583,913$4,123,307$1,025,168$44,418,931
85$56,701,133$4,181,010$915,172$48,756,244
86$62,335,763$4,236,994$796,945$53,531,459
87$68,540,435$4,291,030$670,067$58,789,163
88$75,373,146$4,342,878$534,100$64,578,487
89$82,897,804$4,392,275$388,589$70,953,576
90$91,184,829$4,438,946$233,057$77,974,095
91$100,311,822$4,482,594$67,004$85,705,798
92$110,364,291$4,522,905$0$94,221,144
93$121,436,463$4,559,542$0$103,612,920
94$133,632,170$4,592,147$0$113,965,420
95$147,065,828$4,620,338$0$125,367,811
96$161,863,519$4,643,712$0$137,927,027
97$178,164,179$4,661,835$0$151,760,908
98$196,120,911$4,674,250$0$166,999,306
99$215,902,424$4,680,469$0$183,785,320
100$237,694,633$4,679,973$0$202,276,639