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

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$151,120$149,774$148,460$147,178$145,927$144,223
2 years$74,812$73,418$72,068$70,759$69,489$67,774
3 years$49,379$47,980$46,633$45,336$44,087$42,414
4 years$36,665$35,270$33,937$32,662$31,443$29,825
5 years$29,039$27,652$26,336$25,088$23,902$22,344
6 years$23,956$22,580$21,284$20,063$18,913$17,417
7 years$20,327$18,963$17,687$16,495$15,381$13,947
8 years$17,607$16,255$15,000$13,837$12,760$11,388
9 years$15,492$14,153$12,919$11,786$10,746$9,435
10 years$13,801$12,475$11,263$10,160$9,156$7,906
11 years$12,419$11,106$9,916$8,842$7,875$6,684
12 years$11,267$9,968$8,800$7,756$6,824$5,692
13 years$10,294$9,008$7,862$6,847$5,951$4,875
14 years$9,460$8,188$7,064$6,078$5,216$4,196
15 years$8,739$7,480$6,378$5,421$4,593$3,627
16 years$8,108$6,863$5,783$4,853$4,059$3,145
17 years$7,551$6,320$5,262$4,361$3,599$2,735
18 years$7,058$5,840$4,804$3,930$3,200$2,385
19 years$6,616$5,413$4,398$3,551$2,852$2,084
20 years$6,220$5,030$4,036$3,216$2,548$1,824
21 years$5,861$4,685$3,712$2,919$2,280$1,599
22 years$5,536$4,373$3,421$2,654$2,044$1,404
23 years$5,239$4,090$3,159$2,417$1,835$1,234
24 years$4,967$3,832$2,922$2,204$1,649$1,086
25 years$4,718$3,596$2,706$2,013$1,484$956
26 years$4,488$3,380$2,510$1,841$1,337$843
27 years$4,276$3,181$2,330$1,685$1,205$743
28 years$4,079$2,997$2,166$1,544$1,087$656
29 years$3,896$2,828$2,016$1,416$982$579
30 years$3,725$2,670$1,878$1,299$887$511
31 years$3,566$2,524$1,751$1,193$802$452
32 years$3,417$2,389$1,633$1,097$726$400
33 years$3,277$2,262$1,525$1,008$657$353
34 years$3,146$2,144$1,425$928$594$313
35 years$3,023$2,034$1,332$854$538$277
36 years$2,906$1,930$1,246$787$488$245
37 years$2,797$1,833$1,167$725$442$217
38 years$2,693$1,742$1,092$668$401$192
39 years$2,595$1,657$1,023$616$364$170
40 years$2,502$1,576$959$568$330$150
41 years$2,414$1,500$899$524$299$133
42 years$2,330$1,429$844$484$271$118
43 years$2,250$1,361$792$447$246$105
44 years$2,174$1,298$743$412$224$93
45 years$2,102$1,237$698$381$203$82
46 years$2,033$1,181$655$352$184$73
47 years$1,967$1,127$616$325$167$64
48 years$1,904$1,075$579$300$152$57
49 years$1,844$1,027$544$278$138$51
50 years$1,787$981$511$257$125$45

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 $2,749 every year, while hoping to spend $24,391 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: 45/26/29 Blend
46$1,830,000$1,830,000$1,830,000$1,830,000
47$2,019,496$1,922,506$1,894,141$2,093,321
48$2,199,532$1,990,757$1,931,642$2,214,423
49$2,397,115$2,061,534$1,969,583$2,343,136
50$2,614,008$2,134,937$2,007,952$2,482,270
51$2,852,155$2,211,066$2,046,736$2,632,814
52$3,113,695$2,290,029$2,085,922$2,795,854
53$3,400,987$2,371,936$2,125,495$2,972,586
54$3,716,628$2,456,901$2,165,440$3,164,323
55$4,063,480$2,545,045$2,205,738$3,372,512
56$4,444,695$2,636,492$2,246,370$3,598,745
57$4,863,746$2,731,372$2,287,316$3,844,774
58$5,324,460$2,829,821$2,328,552$4,112,526
59$5,831,052$2,931,979$2,370,056$4,404,123
60$6,388,166$3,037,993$2,411,800$4,721,900
61$7,000,920$3,148,016$2,453,756$5,068,429
62$7,674,952$3,262,207$2,495,894$5,446,538
63$8,416,472$3,380,730$2,538,182$5,859,345
64$9,232,326$3,503,760$2,580,585$6,310,280
65$10,130,055$3,631,475$2,623,066$6,803,121
66$11,117,967$3,764,064$2,665,585$7,342,026
67$12,205,217$3,901,720$2,708,100$7,931,578
68$13,401,893$4,044,648$2,750,565$8,576,820
69$14,719,110$4,193,060$2,792,932$9,283,308
70$16,169,114$4,347,176$2,835,152$10,057,160
71$17,765,403$4,507,226$2,877,168$10,905,114
72$19,522,844$4,673,450$2,918,923$11,834,594
73$21,457,823$4,846,099$2,960,356$12,853,775
74$23,588,396$5,025,432$3,001,402$13,971,660
75$25,934,455$5,211,721$3,041,993$15,198,170
76$28,517,925$5,405,250$3,082,054$16,544,232
77$31,362,959$5,606,314$3,121,510$18,021,882
78$34,496,178$5,815,221$3,160,277$19,644,379
79$37,946,913$6,032,291$3,198,271$21,426,330
80$41,747,484$6,257,859$3,235,399$23,383,829
81$45,933,508$6,492,275$3,271,566$25,534,604
82$50,544,232$6,735,902$3,306,669$27,898,185
83$55,622,903$6,989,121$3,340,602$30,496,091
84$61,217,178$7,252,327$3,373,251$33,352,030
85$67,379,572$7,525,933$3,404,497$36,492,120
86$74,167,956$7,810,370$3,434,214$39,945,140
87$81,646,097$8,106,089$3,462,271$43,742,795
88$89,884,269$8,413,557$3,488,527$47,920,020
89$98,959,908$8,733,265$3,512,836$52,515,306
90$108,958,347$9,065,723$3,535,044$57,571,061
91$119,973,619$9,411,464$3,554,989$63,134,015
92$132,109,347$9,771,044$3,572,499$69,255,655
93$145,479,719$10,145,044$3,587,397$75,992,711
94$160,210,568$10,534,070$3,599,493$83,407,693
95$176,440,560$10,938,753$3,608,590$91,569,478
96$194,322,499$11,359,753$3,614,479$100,553,961
97$214,024,773$11,797,761$3,616,943$110,444,767
98$235,732,942$12,253,494$3,615,754$121,334,043
99$259,651,491$12,727,703$3,610,670$133,323,327
100$286,005,756$13,221,174$3,601,440$146,524,502