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%16.3%
1 years$150,294$148,955$147,649$146,374$145,129$141,391
2 years$74,403$73,017$71,674$70,372$69,109$65,368
3 years$49,109$47,718$46,378$45,088$43,846$40,219
4 years$36,465$35,077$33,751$32,483$31,271$27,786
5 years$28,880$27,501$26,192$24,950$23,772$20,438
6 years$23,825$22,457$21,167$19,953$18,810$15,631
7 years$20,216$18,859$17,590$16,405$15,297$12,273
8 years$17,511$16,166$14,918$13,761$12,691$9,820
9 years$15,407$14,075$12,849$11,722$10,687$7,968
10 years$13,726$12,407$11,202$10,104$9,106$6,535
11 years$12,351$11,045$9,862$8,794$7,832$5,404
12 years$11,206$9,913$8,752$7,713$6,787$4,499
13 years$10,238$8,959$7,820$6,810$5,918$3,765
14 years$9,409$8,143$7,026$6,045$5,188$3,165
15 years$8,691$7,439$6,343$5,391$4,568$2,670
16 years$8,063$6,825$5,751$4,827$4,037$2,259
17 years$7,510$6,286$5,233$4,337$3,579$1,916
18 years$7,019$5,808$4,777$3,908$3,183$1,629
19 years$6,580$5,383$4,373$3,532$2,837$1,387
20 years$6,186$5,002$4,014$3,199$2,534$1,182
21 years$5,829$4,659$3,692$2,903$2,268$1,009
22 years$5,505$4,349$3,403$2,639$2,033$863
23 years$5,210$4,068$3,142$2,404$1,825$738
24 years$4,940$3,811$2,906$2,192$1,640$632
25 years$4,692$3,577$2,691$2,002$1,476$541
26 years$4,464$3,362$2,496$1,831$1,329$464
27 years$4,252$3,164$2,318$1,676$1,198$398
28 years$4,056$2,981$2,155$1,535$1,081$341
29 years$3,874$2,812$2,005$1,408$976$293
30 years$3,705$2,656$1,868$1,292$882$251
31 years$3,546$2,511$1,741$1,187$798$216
32 years$3,398$2,376$1,624$1,091$722$185
33 years$3,259$2,250$1,517$1,003$653$159
34 years$3,129$2,132$1,417$923$591$137
35 years$3,006$2,022$1,325$849$535$117
36 years$2,891$1,920$1,239$782$485$101
37 years$2,781$1,823$1,160$721$440$87
38 years$2,678$1,733$1,086$664$399$74
39 years$2,581$1,648$1,018$613$362$64
40 years$2,488$1,568$954$565$328$55
41 years$2,400$1,492$895$521$297$47
42 years$2,317$1,421$839$481$270$41
43 years$2,238$1,354$787$444$245$35
44 years$2,162$1,291$739$410$222$30
45 years$2,091$1,231$694$379$202$26
46 years$2,022$1,174$652$350$183$22
47 years$1,957$1,120$612$323$166$19
48 years$1,894$1,070$575$299$151$16
49 years$1,834$1,021$541$276$137$14
50 years$1,777$976$509$255$125$12

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 $5,606 every year, while hoping to spend $38,469 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: 47/45/8 Blend
46$1,820,000$1,820,000$1,820,000$1,820,000
47$2,011,423$1,914,963$1,886,753$2,101,331
48$2,175,657$1,967,865$1,909,028$2,216,603
49$2,355,354$2,022,070$1,930,760$2,337,154
50$2,552,050$2,077,602$1,951,891$2,467,088
51$2,767,437$2,134,483$1,972,358$2,607,288
52$3,003,379$2,192,735$1,992,095$2,758,725
53$3,261,927$2,252,383$2,011,033$2,922,466
54$3,545,342$2,313,448$2,029,101$3,099,686
55$3,856,112$2,375,952$2,046,221$3,291,680
56$4,196,978$2,439,916$2,062,312$3,499,869
57$4,570,961$2,505,363$2,077,290$3,725,822
58$4,981,385$2,572,312$2,091,066$3,971,264
59$5,431,914$2,640,783$2,103,545$4,238,092
60$5,926,584$2,710,796$2,114,628$4,528,399
61$6,469,839$2,782,369$2,124,212$4,844,487
62$7,066,577$2,855,519$2,132,187$5,188,892
63$7,722,192$2,930,264$2,138,439$5,564,406
64$8,442,627$3,006,618$2,142,848$5,974,104
65$9,234,428$3,084,595$2,145,287$6,421,374
66$10,104,808$3,164,209$2,145,623$6,909,948
67$11,061,714$3,245,471$2,143,717$7,443,933
68$12,113,901$3,328,390$2,139,422$8,027,859
69$13,271,012$3,412,975$2,132,587$8,666,711
70$14,543,677$3,499,232$2,123,050$9,365,983
71$15,943,602$3,587,165$2,110,642$10,131,728
72$17,483,688$3,676,775$2,095,187$10,970,614
73$19,178,149$3,768,062$2,076,501$11,889,988
74$21,042,646$3,861,022$2,054,389$12,897,942
75$23,094,433$3,955,649$2,028,649$14,003,396
76$25,352,524$4,051,935$1,999,067$15,216,174
77$27,837,868$4,149,866$1,965,422$16,547,103
78$30,573,548$4,249,427$1,927,481$18,008,111
79$33,584,997$4,350,596$1,885,000$19,612,344
80$36,900,243$4,453,351$1,837,723$21,374,284
81$40,550,165$4,557,663$1,785,384$23,309,890
82$44,568,791$4,663,498$1,727,703$25,436,748
83$48,993,616$4,770,817$1,664,390$27,774,237
84$53,865,956$4,879,578$1,595,138$30,343,709
85$59,231,336$4,989,731$1,519,628$33,168,694
86$65,139,924$5,101,219$1,437,527$36,275,123
87$71,646,998$5,213,980$1,348,485$39,691,568
88$78,813,471$5,327,945$1,252,139$43,449,517
89$86,706,467$5,443,036$1,148,108$47,583,667
90$95,399,950$5,559,168$1,035,993$52,132,254
91$104,975,426$5,676,248$915,379$57,137,415
92$115,522,707$5,794,172$785,832$62,645,585
93$127,140,764$5,912,827$646,899$68,707,932
94$139,938,657$6,032,091$498,105$75,380,848
95$154,036,566$6,151,830$338,958$82,726,473
96$169,566,923$6,271,896$168,940$90,813,289
97$186,675,663$6,392,133$0$99,716,763
98$205,523,601$6,512,368$0$109,521,126
99$226,287,950$6,632,416$0$120,332,420
100$249,163,993$6,752,076$0$132,237,260