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%14.6%
1 years$151,945$150,592$149,272$147,983$146,724$143,938
2 years$75,221$73,820$72,462$71,146$69,869$67,073
3 years$49,649$48,242$46,888$45,584$44,328$41,609
4 years$36,866$35,463$34,122$32,840$31,615$28,994
5 years$29,198$27,803$26,480$25,225$24,033$21,518
6 years$24,087$22,704$21,400$20,172$19,017$16,610
7 years$20,438$19,066$17,783$16,585$15,466$13,168
8 years$17,703$16,343$15,082$13,913$12,830$10,641
9 years$15,577$14,230$12,990$11,850$10,805$8,723
10 years$13,877$12,543$11,325$10,215$9,206$7,229
11 years$12,487$11,166$9,970$8,890$7,918$6,043
12 years$11,329$10,022$8,848$7,798$6,861$5,087
13 years$10,350$9,057$7,905$6,884$5,983$4,306
14 years$9,512$8,233$7,103$6,111$5,245$3,662
15 years$8,786$7,521$6,413$5,450$4,618$3,126
16 years$8,152$6,900$5,814$4,880$4,081$2,677
17 years$7,593$6,355$5,291$4,385$3,619$2,299
18 years$7,096$5,872$4,830$3,951$3,218$1,978
19 years$6,652$5,442$4,422$3,570$2,868$1,706
20 years$6,254$5,057$4,058$3,234$2,562$1,473
21 years$5,893$4,711$3,732$2,935$2,292$1,274
22 years$5,566$4,397$3,440$2,668$2,055$1,103
23 years$5,268$4,113$3,176$2,430$1,845$956
24 years$4,995$3,853$2,938$2,216$1,658$830
25 years$4,744$3,616$2,721$2,024$1,492$720
26 years$4,513$3,398$2,523$1,851$1,344$626
27 years$4,299$3,198$2,343$1,694$1,212$544
28 years$4,101$3,014$2,178$1,552$1,093$473
29 years$3,917$2,843$2,027$1,423$987$412
30 years$3,745$2,685$1,888$1,306$892$358
31 years$3,585$2,538$1,760$1,200$806$312
32 years$3,436$2,402$1,642$1,103$729$272
33 years$3,295$2,274$1,533$1,014$660$237
34 years$3,163$2,156$1,433$933$598$206
35 years$3,039$2,045$1,340$859$541$180
36 years$2,922$1,941$1,253$791$491$157
37 years$2,812$1,843$1,173$729$445$137
38 years$2,708$1,752$1,098$672$403$119
39 years$2,609$1,666$1,029$619$365$104
40 years$2,516$1,585$965$571$332$91
41 years$2,427$1,509$904$527$301$79
42 years$2,343$1,437$848$486$273$69
43 years$2,262$1,369$796$449$248$60
44 years$2,186$1,305$747$415$225$52
45 years$2,114$1,244$702$383$204$46
46 years$2,044$1,187$659$354$185$40
47 years$1,978$1,133$619$327$168$35
48 years$1,915$1,081$582$302$153$30
49 years$1,854$1,033$547$279$139$26
50 years$1,796$986$514$258$126$23

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 $3,844 every year, while hoping to spend $55,541 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: 74/13/13 Blend
46$1,840,000$1,840,000$1,840,000$1,840,000
47$2,031,645$1,934,125$1,905,605$2,176,208
48$2,179,778$1,969,802$1,910,348$2,307,946
49$2,341,158$2,005,366$1,913,388$2,444,967
50$2,517,080$2,040,752$1,914,609$2,593,583
51$2,708,964$2,075,891$1,913,891$2,754,927
52$2,918,378$2,110,709$1,911,106$2,930,250
53$3,147,045$2,145,126$1,906,120$3,120,929
54$3,396,862$2,179,056$1,898,794$3,328,480
55$3,669,918$2,212,406$1,888,980$3,554,574
56$3,968,513$2,245,077$1,876,524$3,801,053
57$4,295,179$2,276,963$1,861,265$4,069,947
58$4,652,704$2,307,952$1,843,034$4,363,490
59$5,044,158$2,337,920$1,821,654$4,684,146
60$5,472,923$2,366,738$1,796,940$5,034,630
61$5,942,720$2,394,267$1,768,697$5,417,933
62$6,457,651$2,420,360$1,736,721$5,837,351
63$7,022,231$2,444,857$1,700,801$6,296,517
64$7,641,434$2,467,591$1,660,714$6,799,435
65$8,320,739$2,488,381$1,616,226$7,350,516
66$9,066,178$2,507,036$1,567,094$7,954,621
67$9,884,400$2,523,351$1,513,062$8,617,111
68$10,782,724$2,537,111$1,453,865$9,343,888
69$11,769,216$2,548,084$1,389,224$10,141,462
70$12,852,759$2,556,023$1,318,846$11,017,006
71$14,043,142$2,560,669$1,242,429$11,978,422
72$15,351,144$2,561,744$1,159,652$13,034,425
73$16,788,644$2,558,953$1,070,184$14,194,614
74$18,368,727$2,551,983$973,676$15,469,572
75$20,105,810$2,540,502$869,766$16,870,961
76$22,015,774$2,524,158$758,075$18,411,634
77$24,116,118$2,502,577$638,206$20,105,757
78$26,426,121$2,475,363$509,745$21,968,943
79$28,967,025$2,442,095$372,261$24,018,397
80$31,762,233$2,402,329$225,303$26,273,085
81$34,837,529$2,355,592$68,399$28,753,907
82$38,221,326$2,301,385$0$31,483,897
83$41,944,927$2,239,178$0$34,502,180
84$46,042,823$2,168,411$0$37,834,017
85$50,553,019$2,088,492$0$41,500,819
86$55,517,391$1,998,791$0$45,536,650
87$60,982,079$1,898,647$0$49,979,047
88$66,997,926$1,787,356$0$54,869,372
89$73,620,954$1,664,175$0$60,253,211
90$80,912,891$1,528,319$0$66,180,793
91$88,941,757$1,378,959$0$72,707,475
92$97,782,504$1,215,216$0$79,894,258
93$107,517,721$1,036,163$0$87,808,364
94$118,238,415$840,820$0$96,523,875
95$130,044,866$628,154$0$106,122,425
96$143,047,579$397,069$0$116,693,979
97$157,368,319$146,413$0$128,337,677
98$173,141,267$0$0$141,162,774
99$190,514,279$0$0$155,307,553
100$209,650,284$0$0$170,910,913