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%19.3%
1 years$151,945$150,592$149,272$147,983$146,724$141,238
2 years$75,221$73,820$72,462$71,146$69,869$64,404
3 years$49,649$48,242$46,888$45,584$44,328$39,056
4 years$36,866$35,463$34,122$32,840$31,615$26,577
5 years$29,198$27,803$26,480$25,225$24,033$19,243
6 years$24,087$22,704$21,400$20,172$19,017$14,476
7 years$20,438$19,066$17,783$16,585$15,466$11,174
8 years$17,703$16,343$15,082$13,913$12,830$8,784
9 years$15,577$14,230$12,990$11,850$10,805$6,998
10 years$13,877$12,543$11,325$10,215$9,206$5,632
11 years$12,487$11,166$9,970$8,890$7,918$4,568
12 years$11,329$10,022$8,848$7,798$6,861$3,728
13 years$10,350$9,057$7,905$6,884$5,983$3,057
14 years$9,512$8,233$7,103$6,111$5,245$2,517
15 years$8,786$7,521$6,413$5,450$4,618$2,079
16 years$8,152$6,900$5,814$4,880$4,081$1,721
17 years$7,593$6,355$5,291$4,385$3,619$1,428
18 years$7,096$5,872$4,830$3,951$3,218$1,187
19 years$6,652$5,442$4,422$3,570$2,868$988
20 years$6,254$5,057$4,058$3,234$2,562$823
21 years$5,893$4,711$3,732$2,935$2,292$687
22 years$5,566$4,397$3,440$2,668$2,055$573
23 years$5,268$4,113$3,176$2,430$1,845$479
24 years$4,995$3,853$2,938$2,216$1,658$400
25 years$4,744$3,616$2,721$2,024$1,492$335
26 years$4,513$3,398$2,523$1,851$1,344$280
27 years$4,299$3,198$2,343$1,694$1,212$234
28 years$4,101$3,014$2,178$1,552$1,093$196
29 years$3,917$2,843$2,027$1,423$987$164
30 years$3,745$2,685$1,888$1,306$892$138
31 years$3,585$2,538$1,760$1,200$806$115
32 years$3,436$2,402$1,642$1,103$729$97
33 years$3,295$2,274$1,533$1,014$660$81
34 years$3,163$2,156$1,433$933$598$68
35 years$3,039$2,045$1,340$859$541$57
36 years$2,922$1,941$1,253$791$491$48
37 years$2,812$1,843$1,173$729$445$40
38 years$2,708$1,752$1,098$672$403$33
39 years$2,609$1,666$1,029$619$365$28
40 years$2,516$1,585$965$571$332$23
41 years$2,427$1,509$904$527$301$20
42 years$2,343$1,437$848$486$273$16
43 years$2,262$1,369$796$449$248$14
44 years$2,186$1,305$747$415$225$12
45 years$2,114$1,244$702$383$204$10
46 years$2,044$1,187$659$354$185$8
47 years$1,978$1,133$619$327$168$7
48 years$1,915$1,081$582$302$153$6
49 years$1,854$1,033$547$279$139$5
50 years$1,796$986$514$258$126$4

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 $6,925 every year, while hoping to spend $40,906 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: 38/36/26 Blend
46$1,840,000$1,840,000$1,840,000$1,840,000
47$2,034,823$1,937,303$1,908,783$2,096,150
48$2,198,851$1,988,707$1,929,204$2,193,037
49$2,378,240$2,041,259$1,948,937$2,293,395
50$2,574,511$2,094,972$1,967,918$2,401,062
51$2,789,344$2,149,858$1,986,076$2,516,727
52$3,024,585$2,205,929$2,003,337$2,641,147
53$3,282,268$2,263,195$2,019,624$2,775,158
54$3,564,634$2,321,667$2,034,856$2,919,680
55$3,874,150$2,381,351$2,048,947$3,075,726
56$4,213,533$2,442,258$2,061,807$3,244,413
57$4,585,776$2,504,391$2,073,340$3,426,971
58$4,994,176$2,567,757$2,083,448$3,624,756
59$5,442,363$2,632,358$2,092,024$3,839,261
60$5,934,336$2,698,196$2,098,959$4,072,132
61$6,474,502$2,765,270$2,104,138$4,325,183
62$7,067,712$2,833,580$2,107,438$4,600,413
63$7,719,314$2,903,121$2,108,732$4,900,024
64$8,435,196$2,973,886$2,107,887$5,226,446
65$9,221,846$3,045,866$2,104,761$5,582,353
66$10,086,412$3,119,051$2,099,208$5,970,695
67$11,036,767$3,193,426$2,091,073$6,394,723
68$12,081,588$3,268,974$2,080,194$6,858,019
69$13,230,430$3,345,674$2,066,401$7,364,533
70$14,493,825$3,423,503$2,049,516$7,918,618
71$15,883,374$3,502,433$2,029,353$8,525,071
72$17,411,859$3,582,433$2,005,718$9,189,182
73$19,093,363$3,663,467$1,978,404$9,916,778
74$20,943,404$3,745,495$1,947,198$10,714,287
75$22,979,078$3,828,471$1,911,876$11,588,790
76$25,219,223$3,912,346$1,872,204$12,548,093
77$27,684,597$3,997,063$1,827,935$13,600,803
78$30,398,068$4,082,561$1,778,813$14,756,404
79$33,384,837$4,168,773$1,724,569$16,025,351
80$36,672,671$4,255,623$1,664,923$17,419,168
81$40,292,165$4,343,030$1,599,579$18,950,558
82$44,277,032$4,430,905$1,528,232$20,633,522
83$48,664,420$4,519,150$1,450,558$22,483,495
84$53,495,262$4,607,660$1,366,224$24,517,486
85$58,814,663$4,696,320$1,274,876$26,754,246
86$64,672,324$4,785,005$1,176,150$29,214,444
87$71,123,011$4,873,580$1,069,661$31,920,859
88$78,227,073$4,961,900$955,009$34,898,600
89$86,051,009$5,049,807$831,776$38,175,343
90$94,668,096$5,137,132$699,525$41,781,593
91$104,159,083$5,223,693$557,800$45,750,973
92$114,612,948$5,309,292$406,125$50,120,541
93$126,127,740$5,393,720$244,002$54,931,144
94$138,811,506$5,476,748$70,913$60,227,803
95$152,783,307$5,558,136$0$66,060,138
96$168,174,341$5,637,622$0$72,514,412
97$185,129,186$5,714,927$0$79,642,379
98$203,807,158$5,789,754$0$87,490,949
99$224,383,820$5,861,783$0$96,133,517
100$247,052,633$5,930,675$0$105,650,967