Can I retire at age 47 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$152,771$151,410$150,083$148,787$147,522$144,484
2 years$75,629$74,221$72,856$71,532$70,248$67,202
3 years$49,919$48,504$47,142$45,831$44,568$41,608
4 years$37,066$35,656$34,308$33,019$31,787$28,935
5 years$29,356$27,954$26,624$25,362$24,164$21,429
6 years$24,218$22,827$21,516$20,282$19,120$16,505
7 years$20,550$19,170$17,880$16,675$15,550$13,056
8 years$17,799$16,432$15,164$13,988$12,900$10,526
9 years$15,661$14,307$13,061$11,915$10,864$8,607
10 years$13,952$12,611$11,386$10,271$9,256$7,116
11 years$12,554$11,227$10,024$8,939$7,961$5,934
12 years$11,391$10,077$8,896$7,840$6,899$4,982
13 years$10,407$9,106$7,948$6,922$6,016$4,206
14 years$9,564$8,277$7,142$6,144$5,273$3,567
15 years$8,834$7,562$6,448$5,480$4,643$3,037
16 years$8,196$6,938$5,846$4,907$4,104$2,593
17 years$7,634$6,389$5,320$4,408$3,638$2,220
18 years$7,135$5,904$4,856$3,973$3,235$1,905
19 years$6,689$5,472$4,446$3,590$2,884$1,638
20 years$6,288$5,085$4,080$3,251$2,576$1,410
21 years$5,925$4,736$3,753$2,951$2,305$1,216
22 years$5,596$4,421$3,459$2,683$2,066$1,050
23 years$5,296$4,135$3,194$2,443$1,855$907
24 years$5,022$3,874$2,953$2,229$1,667$785
25 years$4,770$3,636$2,736$2,035$1,500$679
26 years$4,537$3,417$2,537$1,861$1,351$588
27 years$4,322$3,216$2,356$1,703$1,218$510
28 years$4,123$3,030$2,190$1,561$1,099$442
29 years$3,938$2,859$2,038$1,431$993$383
30 years$3,766$2,700$1,898$1,313$897$332
31 years$3,605$2,552$1,770$1,206$811$288
32 years$3,454$2,415$1,651$1,109$733$250
33 years$3,313$2,287$1,542$1,019$664$217
34 years$3,180$2,167$1,441$938$601$189
35 years$3,056$2,056$1,347$863$544$164
36 years$2,938$1,951$1,260$795$493$142
37 years$2,827$1,853$1,179$733$447$124
38 years$2,722$1,761$1,104$675$405$108
39 years$2,623$1,675$1,035$623$367$93
40 years$2,529$1,593$970$574$333$81
41 years$2,440$1,517$909$530$302$71
42 years$2,355$1,444$853$489$274$61
43 years$2,275$1,376$800$451$249$53
44 years$2,198$1,312$751$417$226$46
45 years$2,125$1,251$705$385$205$40
46 years$2,055$1,193$663$356$186$35
47 years$1,989$1,139$622$329$169$30
48 years$1,925$1,087$585$304$154$26
49 years$1,864$1,038$550$281$140$23
50 years$1,806$992$517$259$127$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,850,000, adding $3,846 every year, while hoping to spend $58,304 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: 33/50/17 Blend
46$1,850,000$1,850,000$1,850,000$1,850,000
47$2,042,667$1,944,617$1,915,942$2,099,156
48$2,188,984$1,977,868$1,918,091$2,174,398
49$2,348,271$2,010,795$1,918,358$2,249,766
50$2,521,790$2,043,319$1,916,618$2,329,750
51$2,710,929$2,075,358$1,912,741$2,414,788
52$2,917,215$2,106,822$1,906,589$2,505,365
53$3,142,331$2,137,615$1,898,019$2,602,017
54$3,388,126$2,167,636$1,886,880$2,705,338
55$3,656,638$2,196,773$1,873,015$2,815,982
56$3,950,111$2,224,911$1,856,256$2,934,675
57$4,271,013$2,251,923$1,836,432$3,062,219
58$4,622,065$2,277,675$1,813,361$3,199,501
59$5,006,259$2,302,025$1,786,852$3,347,501
60$5,426,892$2,324,819$1,756,706$3,507,303
61$5,887,595$2,345,894$1,722,715$3,680,105
62$6,392,364$2,365,078$1,684,661$3,867,233
63$6,945,604$2,382,186$1,642,316$4,070,149
64$7,552,163$2,397,020$1,595,441$4,290,474
65$8,217,381$2,409,371$1,543,785$4,529,995
66$8,947,140$2,419,017$1,487,089$4,790,688
67$9,747,920$2,425,720$1,425,078$5,074,739
68$10,626,857$2,429,230$1,357,467$5,384,560
69$11,591,811$2,429,277$1,283,957$5,722,817
70$12,651,444$2,425,579$1,204,237$6,092,456
71$13,815,292$2,417,834$1,117,980$6,496,731
72$15,093,866$2,405,721$1,024,846$6,939,235
73$16,498,740$2,388,902$924,479$7,423,938
74$18,042,668$2,367,015$816,506$7,955,224
75$19,739,701$2,339,679$700,539$8,537,934
76$21,605,316$2,306,489$576,173$9,177,413
77$23,656,567$2,267,016$442,983$9,879,564
78$25,912,242$2,220,805$300,529$10,650,903
79$28,393,041$2,167,375$148,347$11,498,626
80$31,121,771$2,106,216$0$12,430,673
81$34,123,560$2,036,789$0$13,458,362
82$37,426,093$1,958,521$0$14,617,702
83$41,059,875$1,870,810$0$15,892,531
84$45,058,518$1,773,014$0$17,294,737
85$49,459,053$1,664,459$0$18,837,431
86$54,302,287$1,544,428$0$20,535,076
87$59,633,181$1,412,165$0$22,403,627
88$65,501,276$1,266,872$0$24,460,680
89$71,961,160$1,107,703$0$26,725,641
90$79,072,983$933,765$0$29,219,917
91$86,903,024$744,115$0$31,967,114
92$95,524,313$537,758$0$34,993,269
93$105,017,325$313,640$0$38,327,092
94$115,470,734$70,650$0$42,000,249
95$126,982,253$0$0$46,047,656
96$139,659,552$0$0$50,613,669
97$153,621,277$0$0$55,685,479
98$168,998,165$0$0$61,271,755
99$185,934,283$0$0$67,424,881
100$204,588,382$0$0$74,202,583