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%17.9%
1 years$154,423$153,047$151,705$150,395$149,116$144,343
2 years$76,447$75,023$73,643$72,306$71,008$66,243
3 years$50,458$49,028$47,652$46,327$45,050$40,443
4 years$37,467$36,041$34,679$33,376$32,130$27,716
5 years$29,674$28,257$26,912$25,636$24,425$20,216
6 years$24,480$23,074$21,749$20,501$19,327$15,326
7 years$20,772$19,377$18,073$16,855$15,718$11,925
8 years$17,992$16,610$15,328$14,139$13,039$9,452
9 years$15,831$14,462$13,202$12,044$10,981$7,595
10 years$14,103$12,747$11,510$10,382$9,356$6,167
11 years$12,690$11,348$10,133$9,035$8,047$5,048
12 years$11,514$10,186$8,993$7,925$6,973$4,158
13 years$10,519$9,205$8,034$6,997$6,081$3,443
14 years$9,667$8,367$7,219$6,211$5,330$2,862
15 years$8,930$7,643$6,518$5,539$4,693$2,387
16 years$8,285$7,013$5,909$4,960$4,148$1,997
17 years$7,716$6,458$5,377$4,456$3,678$1,674
18 years$7,212$5,968$4,909$4,016$3,270$1,406
19 years$6,761$5,531$4,494$3,629$2,915$1,183
20 years$6,356$5,140$4,124$3,286$2,604$996
21 years$5,989$4,787$3,793$2,983$2,330$840
22 years$5,657$4,469$3,496$2,712$2,088$709
23 years$5,354$4,180$3,228$2,470$1,875$599
24 years$5,076$3,916$2,985$2,253$1,685$506
25 years$4,821$3,675$2,765$2,057$1,516$428
26 years$4,586$3,454$2,564$1,881$1,366$362
27 years$4,369$3,251$2,381$1,722$1,231$307
28 years$4,168$3,063$2,214$1,577$1,111$260
29 years$3,981$2,890$2,060$1,447$1,003$220
30 years$3,807$2,729$1,919$1,328$907$186
31 years$3,644$2,580$1,789$1,219$820$158
32 years$3,492$2,441$1,669$1,121$741$134
33 years$3,349$2,312$1,558$1,030$671$113
34 years$3,215$2,191$1,456$948$607$96
35 years$3,089$2,078$1,361$873$550$81
36 years$2,970$1,972$1,274$804$499$69
37 years$2,858$1,873$1,192$741$452$59
38 years$2,752$1,780$1,116$683$410$50
39 years$2,652$1,693$1,046$629$371$42
40 years$2,557$1,611$980$581$337$36
41 years$2,466$1,533$919$536$306$30
42 years$2,381$1,460$862$494$277$26
43 years$2,299$1,391$809$456$252$22
44 years$2,222$1,326$759$421$228$18
45 years$2,148$1,265$713$389$207$16
46 years$2,078$1,206$670$359$188$13
47 years$2,010$1,151$629$332$171$11
48 years$1,946$1,099$591$307$155$10
49 years$1,885$1,049$556$284$141$8
50 years$1,826$1,002$523$262$128$7

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 $6,424 every year, while hoping to spend $58,053 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: 69/5/26 Blend
46$1,870,000$1,870,000$1,870,000$1,870,000
47$2,067,366$1,968,256$1,939,271$2,195,780
48$2,216,470$2,002,933$1,942,469$2,317,411
49$2,378,836$2,037,363$1,943,828$2,443,200
50$2,555,757$2,071,473$1,943,226$2,579,518
51$2,748,653$2,105,185$1,940,533$2,727,406
52$2,959,090$2,138,412$1,935,615$2,888,013
53$3,188,788$2,171,066$1,928,329$3,062,605
54$3,439,643$2,203,047$1,918,527$3,252,580
55$3,713,742$2,234,252$1,906,053$3,459,475
56$4,013,382$2,264,568$1,890,744$3,684,988
57$4,341,091$2,293,876$1,872,428$3,930,991
58$4,699,655$2,322,048$1,850,926$4,199,545
59$5,092,138$2,348,948$1,826,051$4,492,925
60$5,521,919$2,374,428$1,797,606$4,813,638
61$5,992,714$2,398,335$1,765,386$5,164,447
62$6,508,618$2,420,501$1,729,173$5,548,399
63$7,074,141$2,440,749$1,688,745$5,968,855
64$7,694,249$2,458,891$1,643,863$6,429,517
65$8,374,412$2,474,727$1,594,282$6,934,468
66$9,120,655$2,488,042$1,539,744$7,488,208
67$9,939,615$2,498,609$1,479,979$8,095,701
68$10,838,602$2,506,186$1,414,703$8,762,416
69$11,825,667$2,510,517$1,343,624$9,494,382
70$12,909,680$2,511,328$1,266,431$10,298,249
71$14,100,414$2,508,329$1,182,803$11,181,344
72$15,408,632$2,501,213$1,092,402$12,151,746
73$16,846,192$2,489,652$994,877$13,218,360
74$18,426,159$2,473,301$889,861$14,391,003
75$20,162,924$2,451,789$776,969$15,680,496
76$22,072,345$2,424,729$655,799$17,098,769
77$24,171,889$2,391,706$525,934$18,658,970
78$26,480,805$2,352,283$386,935$20,375,595
79$29,020,296$2,305,993$238,346$22,264,621
80$31,813,726$2,252,347$79,691$24,343,658
81$34,886,837$2,190,824$0$26,632,121
82$38,267,992$2,120,871$0$29,176,269
83$41,988,438$2,041,905$0$32,000,035
84$46,082,609$1,953,309$0$35,107,436
85$50,588,444$1,854,429$0$38,527,284
86$55,547,744$1,744,574$0$42,291,327
87$61,006,569$1,623,014$0$46,434,550
88$67,015,673$1,488,976$0$50,995,501
89$73,630,978$1,341,642$0$56,016,660
90$80,914,105$1,180,150$0$61,544,835
91$88,932,953$1,003,587$0$67,631,606
92$97,762,341$810,989$0$74,333,812
93$107,484,710$601,337$0$81,714,085
94$118,190,905$373,557$0$89,841,444
95$129,981,028$126,513$0$98,791,944
96$142,965,386$0$0$108,649,395
97$157,265,526$0$0$119,513,909
98$173,015,387$0$0$131,487,658
99$190,362,561$0$0$144,675,903
100$209,469,684$0$0$159,202,310