Can I retire at age 47 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$154,423$153,047$151,705$150,395$149,116$148,426
2 years$76,447$75,023$73,643$72,306$71,008$70,311
3 years$50,458$49,028$47,652$46,327$45,050$44,368
4 years$37,467$36,041$34,679$33,376$32,130$31,468
5 years$29,674$28,257$26,912$25,636$24,425$23,785
6 years$24,480$23,074$21,749$20,501$19,327$18,710
7 years$20,772$19,377$18,073$16,855$15,718$15,125
8 years$17,992$16,610$15,328$14,139$13,039$12,470
9 years$15,831$14,462$13,202$12,044$10,981$10,435
10 years$14,103$12,747$11,510$10,382$9,356$8,833
11 years$12,690$11,348$10,133$9,035$8,047$7,547
12 years$11,514$10,186$8,993$7,925$6,973$6,495
13 years$10,519$9,205$8,034$6,997$6,081$5,625
14 years$9,667$8,367$7,219$6,211$5,330$4,896
15 years$8,930$7,643$6,518$5,539$4,693$4,280
16 years$8,285$7,013$5,909$4,960$4,148$3,755
17 years$7,716$6,458$5,377$4,456$3,678$3,304
18 years$7,212$5,968$4,909$4,016$3,270$2,916
19 years$6,761$5,531$4,494$3,629$2,915$2,579
20 years$6,356$5,140$4,124$3,286$2,604$2,285
21 years$5,989$4,787$3,793$2,983$2,330$2,029
22 years$5,657$4,469$3,496$2,712$2,088$1,804
23 years$5,354$4,180$3,228$2,470$1,875$1,606
24 years$5,076$3,916$2,985$2,253$1,685$1,432
25 years$4,821$3,675$2,765$2,057$1,516$1,278
26 years$4,586$3,454$2,564$1,881$1,366$1,141
27 years$4,369$3,251$2,381$1,722$1,231$1,020
28 years$4,168$3,063$2,214$1,577$1,111$913
29 years$3,981$2,890$2,060$1,447$1,003$817
30 years$3,807$2,729$1,919$1,328$907$732
31 years$3,644$2,580$1,789$1,219$820$656
32 years$3,492$2,441$1,669$1,121$741$588
33 years$3,349$2,312$1,558$1,030$671$527
34 years$3,215$2,191$1,456$948$607$473
35 years$3,089$2,078$1,361$873$550$425
36 years$2,970$1,972$1,274$804$499$381
37 years$2,858$1,873$1,192$741$452$342
38 years$2,752$1,780$1,116$683$410$307
39 years$2,652$1,693$1,046$629$371$276
40 years$2,557$1,611$980$581$337$248
41 years$2,466$1,533$919$536$306$223
42 years$2,381$1,460$862$494$277$200
43 years$2,299$1,391$809$456$252$180
44 years$2,222$1,326$759$421$228$162
45 years$2,148$1,265$713$389$207$146
46 years$2,078$1,206$670$359$188$131
47 years$2,010$1,151$629$332$171$118
48 years$1,946$1,099$591$307$155$106
49 years$1,885$1,049$556$284$141$95
50 years$1,826$1,002$523$262$128$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,870,000, adding $3,960 every year, while hoping to spend $39,255 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: 32/46/22 Blend
46$1,870,000$1,870,000$1,870,000$1,870,000
47$2,064,825$1,965,715$1,936,730$2,116,775
48$2,233,670$2,020,268$1,959,843$2,210,763
49$2,418,421$2,076,178$1,982,415$2,308,108
50$2,620,661$2,133,471$2,004,386$2,412,152
51$2,842,128$2,192,172$2,025,694$2,523,508
52$3,084,742$2,252,304$2,046,271$2,642,849
53$3,350,613$2,313,894$2,066,048$2,770,915
54$3,642,066$2,376,966$2,084,951$2,908,521
55$3,961,662$2,441,543$2,102,903$3,056,566
56$4,312,223$2,507,650$2,119,821$3,216,036
57$4,696,855$2,575,310$2,135,620$3,388,019
58$5,118,980$2,644,546$2,150,210$3,573,712
59$5,582,368$2,715,380$2,163,493$3,774,434
60$6,091,170$2,787,835$2,175,371$3,991,637
61$6,649,962$2,861,931$2,185,739$4,226,920
62$7,263,782$2,937,689$2,194,484$4,482,045
63$7,938,180$3,015,128$2,201,492$4,758,953
64$8,679,271$3,094,267$2,206,639$5,059,780
65$9,493,793$3,175,122$2,209,798$5,386,883
66$10,389,167$3,257,710$2,210,833$5,742,854
67$11,373,570$3,342,046$2,209,604$6,130,554
68$12,456,011$3,428,143$2,205,962$6,553,131
69$13,646,414$3,516,012$2,199,752$7,014,056
70$14,955,714$3,605,663$2,190,810$7,517,153
71$16,395,961$3,697,104$2,178,966$8,066,635
72$17,980,427$3,790,340$2,164,039$8,667,146
73$19,723,740$3,885,376$2,145,844$9,323,802
74$21,642,014$3,982,212$2,124,182$10,042,243
75$23,753,004$4,080,845$2,098,847$10,828,681
76$26,076,277$4,181,273$2,069,625$11,689,966
77$28,633,388$4,283,486$2,036,288$12,633,644
78$31,448,090$4,387,473$1,998,600$13,668,031
79$34,546,555$4,493,220$1,956,313$14,802,295
80$37,957,623$4,600,707$1,909,169$16,046,537
81$41,713,071$4,709,911$1,856,896$17,411,891
82$45,847,913$4,820,806$1,799,211$18,910,626
83$50,400,732$4,933,358$1,735,817$20,556,265
84$55,414,044$5,047,529$1,666,404$22,363,712
85$60,934,694$5,163,276$1,590,647$24,349,394
86$67,014,307$5,280,550$1,508,207$26,531,413
87$73,709,764$5,399,296$1,418,730$28,929,721
88$81,083,749$5,519,449$1,321,846$31,566,309
89$89,205,330$5,640,941$1,217,167$34,465,412
90$98,150,621$5,763,694$1,104,289$37,653,741
91$108,003,491$5,887,622$982,789$41,160,735
92$118,856,361$6,012,630$852,227$45,018,839
93$130,811,075$6,138,614$712,141$49,263,812
94$143,979,857$6,265,458$562,050$53,935,065
95$158,486,376$6,393,039$401,452$59,076,034
96$174,466,907$6,521,219$229,822$64,734,591
97$192,071,623$6,649,850$46,613$70,963,495
98$211,466,006$6,778,770$0$77,820,897
99$232,832,413$6,907,805$0$85,405,835
100$256,371,796$7,036,763$0$93,767,936