Can I retire at age 47 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$151,945$150,592$149,272$147,983$146,724$142,370
2 years$75,221$73,820$72,462$71,146$69,869$65,518
3 years$49,649$48,242$46,888$45,584$44,328$40,116
4 years$36,866$35,463$34,122$32,840$31,615$27,576
5 years$29,198$27,803$26,480$25,225$24,033$20,177
6 years$24,087$22,704$21,400$20,172$19,017$15,347
7 years$20,438$19,066$17,783$16,585$15,466$11,982
8 years$17,703$16,343$15,082$13,913$12,830$9,531
9 years$15,577$14,230$12,990$11,850$10,805$7,687
10 years$13,877$12,543$11,325$10,215$9,206$6,265
11 years$12,487$11,166$9,970$8,890$7,918$5,148
12 years$11,329$10,022$8,848$7,798$6,861$4,257
13 years$10,350$9,057$7,905$6,884$5,983$3,539
14 years$9,512$8,233$7,103$6,111$5,245$2,955
15 years$8,786$7,521$6,413$5,450$4,618$2,475
16 years$8,152$6,900$5,814$4,880$4,081$2,079
17 years$7,593$6,355$5,291$4,385$3,619$1,751
18 years$7,096$5,872$4,830$3,951$3,218$1,477
19 years$6,652$5,442$4,422$3,570$2,868$1,248
20 years$6,254$5,057$4,058$3,234$2,562$1,056
21 years$5,893$4,711$3,732$2,935$2,292$895
22 years$5,566$4,397$3,440$2,668$2,055$759
23 years$5,268$4,113$3,176$2,430$1,845$644
24 years$4,995$3,853$2,938$2,216$1,658$547
25 years$4,744$3,616$2,721$2,024$1,492$465
26 years$4,513$3,398$2,523$1,851$1,344$395
27 years$4,299$3,198$2,343$1,694$1,212$336
28 years$4,101$3,014$2,178$1,552$1,093$286
29 years$3,917$2,843$2,027$1,423$987$243
30 years$3,745$2,685$1,888$1,306$892$207
31 years$3,585$2,538$1,760$1,200$806$176
32 years$3,436$2,402$1,642$1,103$729$150
33 years$3,295$2,274$1,533$1,014$660$128
34 years$3,163$2,156$1,433$933$598$109
35 years$3,039$2,045$1,340$859$541$93
36 years$2,922$1,941$1,253$791$491$79
37 years$2,812$1,843$1,173$729$445$67
38 years$2,708$1,752$1,098$672$403$57
39 years$2,609$1,666$1,029$619$365$49
40 years$2,516$1,585$965$571$332$42
41 years$2,427$1,509$904$527$301$36
42 years$2,343$1,437$848$486$273$30
43 years$2,262$1,369$796$449$248$26
44 years$2,186$1,305$747$415$225$22
45 years$2,114$1,244$702$383$204$19
46 years$2,044$1,187$659$354$185$16
47 years$1,978$1,133$619$327$168$14
48 years$1,915$1,081$582$302$153$12
49 years$1,854$1,033$547$279$139$10
50 years$1,796$986$514$258$126$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,840,000, adding $6,200 every year, while hoping to spend $34,527 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: 56/15/29 Blend
46$1,840,000$1,840,000$1,840,000$1,840,000
47$2,034,075$1,936,555$1,908,035$2,131,378
48$2,204,815$1,994,710$1,935,218$2,257,242
49$2,391,812$2,054,557$1,962,154$2,390,218
50$2,596,689$2,116,143$1,988,799$2,534,417
51$2,821,233$2,179,516$2,015,105$2,690,935
52$3,067,410$2,244,723$2,041,023$2,860,978
53$3,337,388$2,311,816$2,066,498$3,045,876
54$3,633,551$2,380,845$2,091,476$3,247,093
55$3,958,530$2,451,863$2,115,897$3,466,240
56$4,315,218$2,524,922$2,139,698$3,705,096
57$4,706,806$2,600,079$2,162,813$3,965,617
58$5,136,805$2,677,388$2,185,173$4,249,958
59$5,609,087$2,756,908$2,206,703$4,560,495
60$6,127,914$2,838,696$2,227,328$4,899,845
61$6,697,982$2,922,813$2,246,964$5,270,891
62$7,324,465$3,009,320$2,265,527$5,676,810
63$8,013,063$3,098,280$2,282,925$6,121,102
64$8,770,056$3,189,756$2,299,063$6,607,625
65$9,602,361$3,283,813$2,313,841$7,140,627
66$10,517,601$3,380,518$2,327,153$7,724,792
67$11,524,172$3,479,940$2,338,889$8,365,279
68$12,631,328$3,582,148$2,348,932$9,067,774
69$13,849,262$3,687,212$2,357,160$9,838,543
70$15,189,206$3,795,204$2,363,444$10,684,490
71$16,663,535$3,906,199$2,367,649$11,613,222
72$18,285,883$4,020,270$2,369,633$12,633,125
73$20,071,276$4,137,496$2,369,248$13,753,437
74$22,036,265$4,257,953$2,366,337$14,984,339
75$24,199,092$4,381,720$2,360,737$16,337,052
76$26,579,853$4,508,878$2,352,276$17,823,938
77$29,200,695$4,639,510$2,340,774$19,458,624
78$32,086,017$4,773,697$2,326,041$21,256,124
79$35,262,709$4,911,526$2,307,881$23,232,986
80$38,760,396$5,053,082$2,286,086$25,407,445
81$42,611,726$5,198,452$2,260,440$27,799,596
82$46,852,671$5,347,725$2,230,713$30,431,586
83$51,522,870$5,500,991$2,196,669$33,327,819
84$56,666,004$5,658,340$2,158,058$36,515,190
85$62,330,203$5,819,866$2,114,620$40,023,339
86$68,568,504$5,985,660$2,066,081$43,884,930
87$75,439,352$6,155,818$2,012,155$48,135,959
88$83,007,148$6,330,435$1,952,544$52,816,094
89$91,342,857$6,509,606$1,886,934$57,969,053
90$100,524,682$6,693,430$1,815,000$63,643,012
91$110,638,796$6,882,005$1,736,399$69,891,064
92$121,780,158$7,075,428$1,650,773$76,771,719
93$134,053,410$7,273,800$1,557,750$84,349,457
94$147,573,861$7,477,219$1,456,938$92,695,338
95$162,468,579$7,685,787$1,347,929$101,887,670
96$178,877,587$7,899,603$1,230,297$112,012,754
97$196,955,185$8,118,769$1,103,597$123,165,694
98$216,871,410$8,343,384$967,363$135,451,298
99$238,813,633$8,573,549$821,110$148,985,070
100$262,988,336$8,809,365$664,329$163,894,296