Can I retire at age 47 with 1,860,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$153,597$152,229$150,894$149,591$148,319$142,660
2 years$76,038$74,622$73,250$71,919$70,628$64,993
3 years$50,189$48,766$47,397$46,079$44,809$39,376
4 years$37,266$35,848$34,493$33,197$31,958$26,768
5 years$29,515$28,106$26,768$25,499$24,294$19,360
6 years$24,349$22,950$21,633$20,392$19,223$14,549
7 years$20,661$19,274$17,977$16,765$15,634$11,217
8 years$17,896$16,521$15,246$14,064$12,970$8,807
9 years$15,746$14,385$13,131$11,979$10,922$7,008
10 years$14,027$12,679$11,448$10,326$9,306$5,633
11 years$12,622$11,288$10,079$8,987$8,004$4,563
12 years$11,452$10,131$8,945$7,883$6,936$3,719
13 years$10,463$9,156$7,991$6,959$6,048$3,046
14 years$9,615$8,322$7,180$6,178$5,302$2,504
15 years$8,882$7,602$6,483$5,509$4,668$2,065
16 years$8,241$6,975$5,878$4,933$4,126$1,707
17 years$7,675$6,424$5,348$4,432$3,658$1,415
18 years$7,173$5,936$4,882$3,994$3,253$1,174
19 years$6,725$5,501$4,470$3,609$2,899$976
20 years$6,322$5,112$4,102$3,269$2,590$812
21 years$5,957$4,762$3,773$2,967$2,317$676
22 years$5,626$4,445$3,477$2,697$2,077$564
23 years$5,325$4,157$3,211$2,457$1,865$470
24 years$5,049$3,895$2,969$2,241$1,676$392
25 years$4,795$3,655$2,750$2,046$1,508$328
26 years$4,562$3,435$2,551$1,871$1,358$274
27 years$4,346$3,233$2,369$1,713$1,225$229
28 years$4,146$3,047$2,202$1,569$1,105$191
29 years$3,959$2,874$2,049$1,439$998$160
30 years$3,786$2,714$1,909$1,321$902$133
31 years$3,624$2,566$1,779$1,213$815$112
32 years$3,473$2,428$1,660$1,115$737$93
33 years$3,331$2,299$1,550$1,025$667$78
34 years$3,198$2,179$1,448$943$604$65
35 years$3,072$2,067$1,354$868$547$55
36 years$2,954$1,962$1,267$800$496$46
37 years$2,843$1,863$1,186$737$449$38
38 years$2,737$1,771$1,110$679$407$32
39 years$2,637$1,684$1,040$626$369$27
40 years$2,543$1,602$975$577$335$22
41 years$2,453$1,525$914$533$304$19
42 years$2,368$1,452$858$492$276$16
43 years$2,287$1,384$805$454$250$13
44 years$2,210$1,319$755$419$227$11
45 years$2,136$1,258$709$387$206$9
46 years$2,066$1,200$666$358$187$8
47 years$2,000$1,145$626$330$170$6
48 years$1,936$1,093$588$305$154$5
49 years$1,874$1,044$553$282$140$5
50 years$1,816$997$520$261$127$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,860,000, adding $4,428 every year, while hoping to spend $38,976 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: 40/35/25 Blend
46$1,860,000$1,860,000$1,860,000$1,860,000
47$2,054,287$1,955,707$1,926,877$2,121,122
48$2,222,355$2,010,067$1,949,958$2,224,181
49$2,406,258$2,065,784$1,972,505$2,331,614
50$2,607,573$2,122,883$1,994,460$2,447,080
51$2,828,031$2,181,391$2,015,760$2,571,335
52$3,069,543$2,241,331$2,036,341$2,705,213
53$3,334,210$2,302,730$2,056,132$2,849,632
54$3,624,348$2,365,612$2,075,060$3,005,604
55$3,942,506$2,430,002$2,093,050$3,174,241
56$4,291,493$2,495,924$2,110,019$3,356,770
57$4,674,403$2,563,401$2,125,882$3,554,540
58$5,094,643$2,632,459$2,140,549$3,769,041
59$5,555,965$2,703,118$2,153,927$4,001,909
60$6,062,506$2,775,403$2,165,915$4,254,951
61$6,618,818$2,849,334$2,176,410$4,530,154
62$7,229,919$2,924,933$2,185,302$4,829,711
63$7,901,336$3,002,220$2,192,474$5,156,034
64$8,639,157$3,081,214$2,197,807$5,511,784
65$9,450,090$3,161,933$2,201,173$5,899,891
66$10,341,525$3,244,393$2,202,438$6,323,585
67$11,321,604$3,328,612$2,201,463$6,786,424
68$12,399,296$3,414,602$2,198,100$7,292,329
69$13,584,483$3,502,377$2,192,196$7,845,622
70$14,888,054$3,591,947$2,183,588$8,451,064
71$16,322,005$3,683,322$2,172,107$9,113,903
72$17,899,553$3,776,508$2,157,576$9,839,922
73$19,635,261$3,871,510$2,139,809$10,635,494
74$21,545,175$3,968,331$2,118,610$11,507,642
75$23,646,974$4,066,971$2,093,774$12,464,108
76$25,960,139$4,167,426$2,065,089$13,513,422
77$28,506,133$4,269,690$2,032,330$14,664,985
78$31,308,608$4,373,754$1,995,262$15,929,158
79$34,393,623$4,479,605$1,953,640$17,317,361
80$37,789,893$4,587,226$1,907,207$18,842,180
81$41,529,058$4,696,596$1,855,695$20,517,483
82$45,645,983$4,807,690$1,798,822$22,358,558
83$50,179,084$4,920,478$1,736,293$24,382,253
84$55,170,694$5,034,925$1,667,803$26,607,134
85$60,667,458$5,150,990$1,593,028$29,053,665
86$66,720,778$5,268,626$1,511,632$31,744,401
87$73,387,290$5,387,782$1,423,265$34,704,198
88$80,729,408$5,508,398$1,327,559$37,960,450
89$88,815,906$5,630,408$1,224,130$41,543,350
90$97,722,567$5,753,737$1,112,578$45,486,173
91$107,532,902$5,878,303$992,482$49,825,592
92$118,338,935$6,004,016$863,407$54,602,026
93$130,242,069$6,130,776$724,894$59,860,018
94$143,354,049$6,258,473$576,467$65,648,663
95$157,798,011$6,386,987$417,627$72,022,066
96$173,709,644$6,516,186$247,854$79,039,856
97$191,238,476$6,645,927$66,605$86,767,754
98$210,549,278$6,776,054$0$95,278,186
99$231,823,623$6,906,399$0$104,684,804
100$255,261,597$7,036,778$0$115,062,912