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%17.5%
1 years$152,771$151,410$150,083$148,787$147,522$143,028
2 years$75,629$74,221$72,856$71,532$70,248$65,760
3 years$49,919$48,504$47,142$45,831$44,568$40,226
4 years$37,066$35,656$34,308$33,019$31,787$27,623
5 years$29,356$27,954$26,624$25,362$24,164$20,190
6 years$24,218$22,827$21,516$20,282$19,120$15,340
7 years$20,550$19,170$17,880$16,675$15,550$11,964
8 years$17,799$16,432$15,164$13,988$12,900$9,505
9 years$15,661$14,307$13,061$11,915$10,864$7,656
10 years$13,952$12,611$11,386$10,271$9,256$6,232
11 years$12,554$11,227$10,024$8,939$7,961$5,114
12 years$11,391$10,077$8,896$7,840$6,899$4,224
13 years$10,407$9,106$7,948$6,922$6,016$3,507
14 years$9,564$8,277$7,142$6,144$5,273$2,924
15 years$8,834$7,562$6,448$5,480$4,643$2,446
16 years$8,196$6,938$5,846$4,907$4,104$2,051
17 years$7,634$6,389$5,320$4,408$3,638$1,725
18 years$7,135$5,904$4,856$3,973$3,235$1,453
19 years$6,689$5,472$4,446$3,590$2,884$1,226
20 years$6,288$5,085$4,080$3,251$2,576$1,036
21 years$5,925$4,736$3,753$2,951$2,305$876
22 years$5,596$4,421$3,459$2,683$2,066$742
23 years$5,296$4,135$3,194$2,443$1,855$629
24 years$5,022$3,874$2,953$2,229$1,667$533
25 years$4,770$3,636$2,736$2,035$1,500$452
26 years$4,537$3,417$2,537$1,861$1,351$384
27 years$4,322$3,216$2,356$1,703$1,218$326
28 years$4,123$3,030$2,190$1,561$1,099$277
29 years$3,938$2,859$2,038$1,431$993$235
30 years$3,766$2,700$1,898$1,313$897$200
31 years$3,605$2,552$1,770$1,206$811$170
32 years$3,454$2,415$1,651$1,109$733$144
33 years$3,313$2,287$1,542$1,019$664$123
34 years$3,180$2,167$1,441$938$601$104
35 years$3,056$2,056$1,347$863$544$89
36 years$2,938$1,951$1,260$795$493$76
37 years$2,827$1,853$1,179$733$447$64
38 years$2,722$1,761$1,104$675$405$55
39 years$2,623$1,675$1,035$623$367$47
40 years$2,529$1,593$970$574$333$40
41 years$2,440$1,517$909$530$302$34
42 years$2,355$1,444$853$489$274$29
43 years$2,275$1,376$800$451$249$24
44 years$2,198$1,312$751$417$226$21
45 years$2,125$1,251$705$385$205$18
46 years$2,055$1,193$663$356$186$15
47 years$1,989$1,139$622$329$169$13
48 years$1,925$1,087$585$304$154$11
49 years$1,864$1,038$550$281$140$9
50 years$1,806$992$517$259$127$8

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 $4,171 every year, while hoping to spend $41,091 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: 60/26/14 Blend
46$1,850,000$1,850,000$1,850,000$1,850,000
47$2,043,002$1,944,952$1,916,277$2,158,227
48$2,207,668$1,996,535$1,936,752$2,287,911
49$2,387,753$2,049,267$1,956,536$2,424,336
50$2,584,785$2,103,163$1,975,561$2,572,178
51$2,800,450$2,158,234$1,993,759$2,732,544
52$3,036,600$2,214,493$2,011,055$2,906,652
53$3,295,279$2,271,949$2,027,371$3,095,845
54$3,578,735$2,330,612$2,042,626$3,301,599
55$3,889,445$2,390,490$2,056,732$3,525,543
56$4,230,136$2,451,592$2,069,600$3,769,470
57$4,603,813$2,513,923$2,081,135$4,035,352
58$5,013,784$2,577,487$2,091,235$4,325,366
59$5,463,694$2,642,288$2,099,795$4,641,907
60$5,957,557$2,708,327$2,106,705$4,987,613
61$6,499,797$2,775,603$2,111,848$5,365,392
62$7,095,284$2,844,116$2,115,103$5,778,447
63$7,749,384$2,913,859$2,116,341$6,230,306
64$8,468,010$2,984,827$2,115,427$6,724,858
65$9,257,674$3,057,010$2,112,220$7,266,384
66$10,125,550$3,130,397$2,106,573$7,859,606
67$11,079,543$3,204,973$2,098,330$8,509,722
68$12,128,360$3,280,720$2,087,327$9,222,463
69$13,281,596$3,357,619$2,073,396$10,004,141
70$14,549,820$3,435,643$2,056,356$10,861,714
71$15,944,678$3,514,767$2,036,021$11,802,846
72$17,479,002$3,594,957$2,012,194$12,835,985
73$19,166,927$3,676,177$1,984,670$13,970,439
74$21,024,031$3,758,386$1,953,233$15,216,464
75$23,067,474$3,841,540$1,917,659$16,585,364
76$25,316,167$3,925,586$1,877,711$18,089,592
77$27,790,945$4,010,468$1,833,143$19,742,876
78$30,514,764$4,096,124$1,783,696$21,560,339
79$33,512,922$4,182,486$1,729,102$23,558,650
80$36,813,289$4,269,477$1,669,076$25,756,177
81$40,446,578$4,357,015$1,603,324$28,173,161
82$44,446,630$4,445,010$1,531,536$30,831,910
83$48,850,735$4,533,363$1,453,391$33,757,005
84$53,699,980$4,621,969$1,368,550$36,975,538
85$59,039,642$4,710,709$1,276,660$40,517,361
86$64,919,611$4,799,460$1,177,354$44,415,374
87$71,394,862$4,888,083$1,070,246$48,705,836
88$78,525,972$4,976,433$954,933$53,428,700
89$86,379,693$5,064,351$830,995$58,628,001
90$95,029,582$5,151,664$697,994$64,352,264
91$104,556,694$5,238,190$555,471$70,654,966
92$115,050,344$5,323,729$402,947$77,595,040
93$126,608,957$5,408,069$239,923$85,237,433
94$139,340,987$5,490,981$65,877$93,653,720
95$153,365,949$5,572,221$0$102,922,777
96$168,815,541$5,651,524$0$113,149,434
97$185,834,888$5,728,611$0$124,423,248
98$204,583,914$5,803,180$0$136,840,026
99$225,238,847$5,874,910$0$150,516,203
100$247,993,886$5,943,458$0$165,580,088