Can I retire at age 47 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$151,120$149,774$148,460$147,178$145,927$140,974
2 years$74,812$73,418$72,068$70,759$69,489$64,548
3 years$49,379$47,980$46,633$45,336$44,087$39,314
4 years$36,665$35,270$33,937$32,662$31,443$26,874
5 years$29,039$27,652$26,336$25,088$23,902$19,550
6 years$23,956$22,580$21,284$20,063$18,913$14,781
7 years$20,327$18,963$17,687$16,495$15,381$11,468
8 years$17,607$16,255$15,000$13,837$12,760$9,063
9 years$15,492$14,153$12,919$11,786$10,746$7,261
10 years$13,801$12,475$11,263$10,160$9,156$5,877
11 years$12,419$11,106$9,916$8,842$7,875$4,795
12 years$11,267$9,968$8,800$7,756$6,824$3,936
13 years$10,294$9,008$7,862$6,847$5,951$3,248
14 years$9,460$8,188$7,064$6,078$5,216$2,691
15 years$8,739$7,480$6,378$5,421$4,593$2,237
16 years$8,108$6,863$5,783$4,853$4,059$1,864
17 years$7,551$6,320$5,262$4,361$3,599$1,557
18 years$7,058$5,840$4,804$3,930$3,200$1,303
19 years$6,616$5,413$4,398$3,551$2,852$1,092
20 years$6,220$5,030$4,036$3,216$2,548$916
21 years$5,861$4,685$3,712$2,919$2,280$770
22 years$5,536$4,373$3,421$2,654$2,044$647
23 years$5,239$4,090$3,159$2,417$1,835$544
24 years$4,967$3,832$2,922$2,204$1,649$458
25 years$4,718$3,596$2,706$2,013$1,484$386
26 years$4,488$3,380$2,510$1,841$1,337$325
27 years$4,276$3,181$2,330$1,685$1,205$274
28 years$4,079$2,997$2,166$1,544$1,087$231
29 years$3,896$2,828$2,016$1,416$982$195
30 years$3,725$2,670$1,878$1,299$887$164
31 years$3,566$2,524$1,751$1,193$802$139
32 years$3,417$2,389$1,633$1,097$726$117
33 years$3,277$2,262$1,525$1,008$657$99
34 years$3,146$2,144$1,425$928$594$83
35 years$3,023$2,034$1,332$854$538$70
36 years$2,906$1,930$1,246$787$488$59
37 years$2,797$1,833$1,167$725$442$50
38 years$2,693$1,742$1,092$668$401$42
39 years$2,595$1,657$1,023$616$364$36
40 years$2,502$1,576$959$568$330$30
41 years$2,414$1,500$899$524$299$26
42 years$2,330$1,429$844$484$271$22
43 years$2,250$1,361$792$447$246$18
44 years$2,174$1,298$743$412$224$15
45 years$2,102$1,237$698$381$203$13
46 years$2,033$1,181$655$352$184$11
47 years$1,967$1,127$616$325$167$9
48 years$1,904$1,075$579$300$152$8
49 years$1,844$1,027$544$278$138$7
50 years$1,787$981$511$257$125$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,830,000, adding $5,137 every year, while hoping to spend $25,102 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: 63/22/15 Blend
46$1,830,000$1,830,000$1,830,000$1,830,000
47$2,021,959$1,924,969$1,896,604$2,141,606
48$2,201,490$1,992,584$1,933,432$2,290,124
49$2,398,493$2,062,671$1,970,652$2,448,907
50$2,614,721$2,135,324$2,008,251$2,621,691
51$2,852,110$2,210,643$2,046,215$2,809,840
52$3,112,790$2,288,728$2,084,527$3,014,853
53$3,399,106$2,369,687$2,123,171$3,238,381
54$3,713,644$2,453,631$2,162,126$3,482,243
55$4,059,251$2,540,675$2,201,373$3,748,438
56$4,439,065$2,630,939$2,240,890$4,039,168
57$4,856,542$2,724,547$2,280,652$4,356,859
58$5,315,490$2,821,630$2,320,634$4,704,180
59$5,820,103$2,922,322$2,360,808$5,084,070
60$6,375,003$3,026,766$2,401,144$5,499,766
61$6,985,282$3,135,106$2,441,611$5,954,832
62$7,656,550$3,247,496$2,482,175$6,453,194
63$8,394,989$3,364,094$2,522,799$6,999,173
64$9,207,409$3,485,066$2,563,444$7,597,530
65$10,101,315$3,610,584$2,604,069$8,253,508
66$11,084,973$3,740,827$2,644,629$8,972,882
67$12,167,494$3,875,981$2,685,078$9,762,012
68$13,358,915$4,016,241$2,725,365$10,627,905
69$14,670,297$4,161,810$2,765,438$11,578,277
70$16,113,827$4,312,898$2,805,239$12,621,629
71$17,702,932$4,469,724$2,844,709$13,767,326
72$19,452,409$4,632,518$2,883,785$15,025,682
73$21,378,561$4,801,519$2,922,398$16,408,062
74$23,499,354$4,976,973$2,960,479$17,926,985
75$25,834,584$5,159,140$2,997,950$19,596,242
76$28,406,064$5,348,290$3,034,734$21,431,028
77$31,237,829$5,544,703$3,070,744$23,448,080
78$34,356,367$5,748,673$3,105,893$25,665,843
79$37,790,862$5,960,503$3,140,086$28,104,633
80$41,573,475$6,180,513$3,173,224$30,786,838
81$45,739,645$6,409,034$3,205,203$33,737,120
82$50,328,423$6,646,411$3,235,912$36,982,655
83$55,382,842$6,893,005$3,265,234$40,553,384
84$60,950,320$7,149,190$3,293,048$44,482,295
85$67,083,111$7,415,359$3,319,224$48,805,737
86$73,838,797$7,691,920$3,343,626$53,563,759
87$81,280,829$7,979,299$3,366,112$58,800,490
88$89,479,128$8,277,939$3,386,531$64,564,553
89$98,510,745$8,588,304$3,404,726$70,909,522
90$108,460,586$8,910,875$3,420,529$77,894,432
91$119,422,215$9,246,158$3,433,767$85,584,330
92$131,498,739$9,594,678$3,444,256$94,050,890
93$144,803,774$9,956,981$3,451,803$103,373,090
94$159,462,527$10,333,641$3,456,205$113,637,956
95$175,612,968$10,725,253$3,457,252$124,941,380
96$193,407,141$11,132,440$3,454,720$137,389,030
97$213,012,591$11,555,851$3,448,374$151,097,339
98$234,613,951$11,996,164$3,437,971$166,194,610
99$258,414,683$12,454,085$3,423,252$182,822,221
100$284,638,999$12,930,353$3,403,949$201,135,963