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%19%
1 years$151,120$149,774$148,460$147,178$145,927$140,637
2 years$74,812$73,418$72,068$70,759$69,489$64,218
3 years$49,379$47,980$46,633$45,336$44,087$39,000
4 years$36,665$35,270$33,937$32,662$31,443$26,579
5 years$29,039$27,652$26,336$25,088$23,902$19,274
6 years$23,956$22,580$21,284$20,063$18,913$14,524
7 years$20,327$18,963$17,687$16,495$15,381$11,231
8 years$17,607$16,255$15,000$13,837$12,760$8,844
9 years$15,492$14,153$12,919$11,786$10,746$7,059
10 years$13,801$12,475$11,263$10,160$9,156$5,692
11 years$12,419$11,106$9,916$8,842$7,875$4,626
12 years$11,267$9,968$8,800$7,756$6,824$3,783
13 years$10,294$9,008$7,862$6,847$5,951$3,108
14 years$9,460$8,188$7,064$6,078$5,216$2,564
15 years$8,739$7,480$6,378$5,421$4,593$2,122
16 years$8,108$6,863$5,783$4,853$4,059$1,761
17 years$7,551$6,320$5,262$4,361$3,599$1,465
18 years$7,058$5,840$4,804$3,930$3,200$1,220
19 years$6,616$5,413$4,398$3,551$2,852$1,018
20 years$6,220$5,030$4,036$3,216$2,548$850
21 years$5,861$4,685$3,712$2,919$2,280$711
22 years$5,536$4,373$3,421$2,654$2,044$595
23 years$5,239$4,090$3,159$2,417$1,835$498
24 years$4,967$3,832$2,922$2,204$1,649$417
25 years$4,718$3,596$2,706$2,013$1,484$350
26 years$4,488$3,380$2,510$1,841$1,337$293
27 years$4,276$3,181$2,330$1,685$1,205$246
28 years$4,079$2,997$2,166$1,544$1,087$206
29 years$3,896$2,828$2,016$1,416$982$173
30 years$3,725$2,670$1,878$1,299$887$145
31 years$3,566$2,524$1,751$1,193$802$122
32 years$3,417$2,389$1,633$1,097$726$103
33 years$3,277$2,262$1,525$1,008$657$86
34 years$3,146$2,144$1,425$928$594$72
35 years$3,023$2,034$1,332$854$538$61
36 years$2,906$1,930$1,246$787$488$51
37 years$2,797$1,833$1,167$725$442$43
38 years$2,693$1,742$1,092$668$401$36
39 years$2,595$1,657$1,023$616$364$30
40 years$2,502$1,576$959$568$330$25
41 years$2,414$1,500$899$524$299$21
42 years$2,330$1,429$844$484$271$18
43 years$2,250$1,361$792$447$246$15
44 years$2,174$1,298$743$412$224$13
45 years$2,102$1,237$698$381$203$11
46 years$2,033$1,181$655$352$184$9
47 years$1,967$1,127$616$325$167$8
48 years$1,904$1,075$579$300$152$6
49 years$1,844$1,027$544$278$138$5
50 years$1,787$981$511$257$125$4

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 $6,398 every year, while hoping to spend $20,068 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: 82/8/10 Blend
46$1,830,000$1,830,000$1,830,000$1,830,000
47$2,023,260$1,926,270$1,897,905$2,185,499
48$2,208,280$1,999,305$1,940,132$2,365,725
49$2,411,500$2,075,246$1,983,102$2,560,238
50$2,634,754$2,154,214$2,026,817$2,773,188
51$2,880,065$2,236,336$2,071,281$3,006,412
52$3,149,659$2,321,745$2,116,497$3,261,936
53$3,445,990$2,410,576$2,162,466$3,541,988
54$3,771,762$2,502,975$2,209,189$3,849,023
55$4,129,952$2,599,092$2,256,667$4,185,744
56$4,523,842$2,699,082$2,304,901$4,555,131
57$4,957,047$2,803,110$2,353,888$4,960,464
58$5,433,550$2,911,346$2,403,627$5,405,355
59$5,957,739$3,023,969$2,454,115$5,893,786
60$6,534,449$3,141,164$2,505,348$6,430,140
61$7,169,007$3,263,126$2,557,322$7,019,247
62$7,867,284$3,390,057$2,610,031$7,666,429
63$8,635,747$3,522,169$2,663,467$8,377,547
64$9,481,522$3,659,685$2,717,622$9,159,057
65$10,412,461$3,802,833$2,772,486$10,018,075
66$11,437,217$3,951,857$2,828,049$10,962,437
67$12,565,322$4,107,007$2,884,298$12,000,779
68$13,807,281$4,268,547$2,941,218$13,142,612
69$15,174,670$4,436,751$2,998,795$14,398,419
70$16,680,242$4,611,908$3,057,011$15,779,748
71$18,338,052$4,794,317$3,115,846$17,299,320
72$20,163,586$4,984,291$3,175,279$18,971,156
73$22,173,909$5,182,158$3,235,288$20,810,699
74$24,387,824$5,388,260$3,295,846$22,834,969
75$26,826,052$5,602,955$3,356,927$25,062,716
76$29,511,425$5,826,616$3,418,500$27,514,601
77$32,469,103$6,059,633$3,480,533$30,213,390
78$35,726,812$6,302,415$3,542,991$33,184,165
79$39,315,101$6,555,388$3,605,835$36,454,566
80$43,267,637$6,818,997$3,669,026$40,055,048
81$47,621,516$7,093,709$3,732,519$44,019,169
82$52,417,620$7,380,009$3,796,268$48,383,905
83$57,700,995$7,678,408$3,860,221$53,190,001
84$63,521,284$7,989,437$3,924,325$58,482,354
85$69,933,188$8,313,652$3,988,523$64,310,436
86$76,996,986$8,651,635$4,052,752$70,728,762
87$84,779,107$9,003,993$4,116,948$77,797,401
88$93,352,750$9,371,362$4,181,039$85,582,545
89$102,798,578$9,754,407$4,244,952$94,157,136
90$113,205,482$10,153,822$4,308,607$103,601,546
91$124,671,416$10,570,335$4,371,920$114,004,345
92$137,304,324$11,004,704$4,434,802$125,463,128
93$151,223,154$11,457,724$4,497,158$138,085,442
94$166,558,991$11,930,227$4,558,887$151,989,796
95$183,456,281$12,423,081$4,619,883$167,306,782
96$202,074,205$12,937,196$4,680,033$184,180,307
97$222,588,177$13,473,522$4,739,217$202,768,949
98$245,191,500$14,033,053$4,797,310$223,247,455
99$270,097,191$14,616,831$4,854,178$245,808,390
100$297,539,992$15,225,942$4,909,680$270,663,952