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%12.6%
1 years$151,945$150,592$149,272$147,983$146,724$145,132
2 years$75,221$73,820$72,462$71,146$69,869$68,265
3 years$49,649$48,242$46,888$45,584$44,328$42,763
4 years$36,866$35,463$34,122$32,840$31,615$30,101
5 years$29,198$27,803$26,480$25,225$24,033$22,574
6 years$24,087$22,704$21,400$20,172$19,017$17,615
7 years$20,438$19,066$17,783$16,585$15,466$14,122
8 years$17,703$16,343$15,082$13,913$12,830$11,544
9 years$15,577$14,230$12,990$11,850$10,805$9,576
10 years$13,877$12,543$11,325$10,215$9,206$8,033
11 years$12,487$11,166$9,970$8,890$7,918$6,800
12 years$11,329$10,022$8,848$7,798$6,861$5,798
13 years$10,350$9,057$7,905$6,884$5,983$4,973
14 years$9,512$8,233$7,103$6,111$5,245$4,286
15 years$8,786$7,521$6,413$5,450$4,618$3,709
16 years$8,152$6,900$5,814$4,880$4,081$3,221
17 years$7,593$6,355$5,291$4,385$3,619$2,805
18 years$7,096$5,872$4,830$3,951$3,218$2,449
19 years$6,652$5,442$4,422$3,570$2,868$2,143
20 years$6,254$5,057$4,058$3,234$2,562$1,879
21 years$5,893$4,711$3,732$2,935$2,292$1,649
22 years$5,566$4,397$3,440$2,668$2,055$1,450
23 years$5,268$4,113$3,176$2,430$1,845$1,277
24 years$4,995$3,853$2,938$2,216$1,658$1,125
25 years$4,744$3,616$2,721$2,024$1,492$992
26 years$4,513$3,398$2,523$1,851$1,344$876
27 years$4,299$3,198$2,343$1,694$1,212$774
28 years$4,101$3,014$2,178$1,552$1,093$684
29 years$3,917$2,843$2,027$1,423$987$605
30 years$3,745$2,685$1,888$1,306$892$535
31 years$3,585$2,538$1,760$1,200$806$474
32 years$3,436$2,402$1,642$1,103$729$420
33 years$3,295$2,274$1,533$1,014$660$372
34 years$3,163$2,156$1,433$933$598$329
35 years$3,039$2,045$1,340$859$541$292
36 years$2,922$1,941$1,253$791$491$259
37 years$2,812$1,843$1,173$729$445$229
38 years$2,708$1,752$1,098$672$403$203
39 years$2,609$1,666$1,029$619$365$180
40 years$2,516$1,585$965$571$332$160
41 years$2,427$1,509$904$527$301$142
42 years$2,343$1,437$848$486$273$126
43 years$2,262$1,369$796$449$248$112
44 years$2,186$1,305$747$415$225$99
45 years$2,114$1,244$702$383$204$88
46 years$2,044$1,187$659$354$185$78
47 years$1,978$1,133$619$327$168$69
48 years$1,915$1,081$582$302$153$62
49 years$1,854$1,033$547$279$139$55
50 years$1,796$986$514$258$126$49

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 $2,233 every year, while hoping to spend $24,364 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: 75/20/5 Blend
46$1,840,000$1,840,000$1,840,000$1,840,000
47$2,029,983$1,932,463$1,903,943$2,181,396
48$2,211,119$2,001,231$1,941,802$2,349,971
49$2,409,913$2,072,552$1,980,113$2,531,289
50$2,628,142$2,146,525$2,018,865$2,729,252
51$2,867,762$2,223,253$2,058,046$2,945,496
52$3,130,926$2,302,846$2,097,644$3,181,825
53$3,420,009$2,385,414$2,137,643$3,440,224
54$3,737,625$2,471,074$2,178,029$3,722,875
55$4,086,655$2,559,948$2,218,785$4,032,186
56$4,470,270$2,652,163$2,259,891$4,370,805
57$4,891,968$2,747,849$2,301,327$4,741,646
58$5,355,600$2,847,144$2,343,073$5,147,922
59$5,865,408$2,950,192$2,385,103$5,593,168
60$6,426,069$3,057,140$2,427,393$6,081,278
61$7,042,732$3,168,144$2,469,914$6,616,540
62$7,721,072$3,283,365$2,512,638$7,203,677
63$8,467,343$3,402,971$2,555,533$7,847,891
64$9,288,433$3,527,137$2,598,564$8,554,910
65$10,191,933$3,656,047$2,641,696$9,331,045
66$11,186,206$3,789,890$2,684,889$10,183,246
67$12,280,469$3,928,863$2,728,102$11,119,169
68$13,484,874$4,073,175$2,771,291$12,147,247
69$14,810,610$4,223,039$2,814,408$13,276,771
70$16,270,005$4,378,681$2,857,403$14,517,974
71$17,876,642$4,540,334$2,900,224$15,882,130
72$19,645,490$4,708,241$2,942,812$17,381,657
73$21,593,042$4,882,656$2,985,108$19,030,238
74$23,737,471$5,063,845$3,027,047$20,842,945
75$26,098,803$5,252,083$3,068,563$22,836,384
76$28,699,104$5,447,658$3,109,583$25,028,850
77$31,562,690$5,650,871$3,150,032$27,440,499
78$34,716,354$5,862,033$3,189,828$30,093,538
79$38,189,621$6,081,472$3,228,886$33,012,432
80$42,015,026$6,309,528$3,267,118$36,224,139
81$46,228,420$6,546,556$3,304,427$39,758,359
82$50,869,307$6,792,925$3,340,713$43,647,816
83$55,981,221$7,049,023$3,375,872$47,928,565
84$61,612,132$7,315,252$3,409,790$52,640,333
85$67,814,902$7,592,032$3,442,351$57,826,893
86$74,647,782$7,879,801$3,473,429$63,536,475
87$82,174,962$8,179,018$3,502,896$69,822,221
88$90,467,178$8,490,160$3,530,612$76,742,688
89$99,602,376$8,813,723$3,556,434$84,362,395
90$109,666,452$9,150,230$3,580,208$92,752,438
91$120,754,060$9,500,221$3,601,775$101,991,153
92$132,969,505$9,864,262$3,620,965$112,164,858
93$146,427,729$10,242,946$3,637,602$123,368,669
94$161,255,395$10,636,888$3,651,500$135,707,393
95$177,592,083$11,046,733$3,662,462$149,296,516
96$195,591,604$11,473,152$3,670,284$164,263,296
97$215,423,458$11,916,847$3,674,749$180,747,960
98$237,274,429$12,378,550$3,675,631$198,905,026
99$261,350,349$12,859,028$3,672,693$218,904,765
100$287,878,042$13,359,077$3,665,685$240,934,801