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%18.9%
1 years$154,423$153,047$151,705$150,395$149,116$143,768
2 years$76,447$75,023$73,643$72,306$71,008$65,678
3 years$50,458$49,028$47,652$46,327$45,050$39,906
4 years$37,467$36,041$34,679$33,376$32,130$27,210
5 years$29,674$28,257$26,912$25,636$24,425$19,742
6 years$24,480$23,074$21,749$20,501$19,327$14,885
7 years$20,772$19,377$18,073$16,855$15,718$11,516
8 years$17,992$16,610$15,328$14,139$13,039$9,074
9 years$15,831$14,462$13,202$12,044$10,981$7,247
10 years$14,103$12,747$11,510$10,382$9,356$5,847
11 years$12,690$11,348$10,133$9,035$8,047$4,755
12 years$11,514$10,186$8,993$7,925$6,973$3,891
13 years$10,519$9,205$8,034$6,997$6,081$3,200
14 years$9,667$8,367$7,219$6,211$5,330$2,642
15 years$8,930$7,643$6,518$5,539$4,693$2,188
16 years$8,285$7,013$5,909$4,960$4,148$1,817
17 years$7,716$6,458$5,377$4,456$3,678$1,512
18 years$7,212$5,968$4,909$4,016$3,270$1,261
19 years$6,761$5,531$4,494$3,629$2,915$1,052
20 years$6,356$5,140$4,124$3,286$2,604$880
21 years$5,989$4,787$3,793$2,983$2,330$736
22 years$5,657$4,469$3,496$2,712$2,088$616
23 years$5,354$4,180$3,228$2,470$1,875$517
24 years$5,076$3,916$2,985$2,253$1,685$433
25 years$4,821$3,675$2,765$2,057$1,516$363
26 years$4,586$3,454$2,564$1,881$1,366$305
27 years$4,369$3,251$2,381$1,722$1,231$256
28 years$4,168$3,063$2,214$1,577$1,111$215
29 years$3,981$2,890$2,060$1,447$1,003$181
30 years$3,807$2,729$1,919$1,328$907$152
31 years$3,644$2,580$1,789$1,219$820$128
32 years$3,492$2,441$1,669$1,121$741$107
33 years$3,349$2,312$1,558$1,030$671$90
34 years$3,215$2,191$1,456$948$607$76
35 years$3,089$2,078$1,361$873$550$64
36 years$2,970$1,972$1,274$804$499$54
37 years$2,858$1,873$1,192$741$452$45
38 years$2,752$1,780$1,116$683$410$38
39 years$2,652$1,693$1,046$629$371$32
40 years$2,557$1,611$980$581$337$27
41 years$2,466$1,533$919$536$306$22
42 years$2,381$1,460$862$494$277$19
43 years$2,299$1,391$809$456$252$16
44 years$2,222$1,326$759$421$228$13
45 years$2,148$1,265$713$389$207$11
46 years$2,078$1,206$670$359$188$9
47 years$2,010$1,151$629$332$171$8
48 years$1,946$1,099$591$307$155$7
49 years$1,885$1,049$556$284$141$6
50 years$1,826$1,002$523$262$128$5

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 $5,017 every year, while hoping to spend $51,445 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: 37/39/24 Blend
46$1,870,000$1,870,000$1,870,000$1,870,000
47$2,065,915$1,966,805$1,937,820$2,127,317
48$2,221,901$2,008,441$1,948,000$2,214,365
49$2,392,074$2,050,394$1,956,797$2,303,208
50$2,577,826$2,092,623$1,964,109$2,398,153
51$2,780,689$2,135,087$1,969,833$2,499,779
52$3,002,353$2,177,740$1,973,855$2,608,731
53$3,244,674$2,220,530$1,976,061$2,725,715
54$3,509,699$2,263,404$1,976,327$2,851,512
55$3,799,679$2,306,302$1,974,525$2,986,987
56$4,117,095$2,349,160$1,970,520$3,133,089
57$4,464,678$2,391,908$1,964,172$3,290,870
58$4,845,435$2,434,471$1,955,331$3,461,488
59$5,262,678$2,476,768$1,943,843$3,646,222
60$5,720,054$2,518,713$1,929,545$3,846,483
61$6,221,581$2,560,211$1,912,266$4,063,830
62$6,771,683$2,601,163$1,891,828$4,299,980
63$7,375,235$2,641,459$1,868,044$4,556,831
64$8,037,602$2,680,985$1,840,717$4,836,475
65$8,764,700$2,719,615$1,809,643$5,141,222
66$9,563,040$2,757,216$1,774,607$5,473,619
67$10,439,797$2,793,647$1,735,383$5,836,479
68$11,402,875$2,828,755$1,691,738$6,232,904
69$12,460,982$2,862,377$1,643,424$6,666,315
70$13,623,708$2,894,340$1,590,184$7,140,490
71$14,901,620$2,924,457$1,531,750$7,659,595
72$16,306,362$2,952,531$1,467,840$8,228,226
73$17,850,757$2,978,352$1,398,159$8,851,453
74$19,548,937$3,001,693$1,322,400$9,534,869
75$21,416,469$3,022,317$1,240,241$10,284,646
76$23,470,506$3,039,968$1,151,346$11,107,589
77$25,729,946$3,054,374$1,055,364$12,011,207
78$28,215,610$3,065,248$951,929$13,003,779
79$30,950,440$3,072,284$840,656$14,094,441
80$33,959,713$3,075,154$721,147$15,293,265
81$37,271,281$3,073,513$592,982$16,611,364
82$40,915,830$3,066,994$455,725$18,060,992
83$44,927,174$3,055,206$308,921$19,655,663
84$49,342,570$3,037,735$152,094$21,410,280
85$54,203,070$3,014,142$0$23,341,282
86$59,553,909$2,983,961$0$25,470,701
87$65,444,930$2,946,698$0$27,856,436
88$71,931,057$2,901,829$0$30,481,674
89$79,072,806$2,848,801$0$33,370,865
90$86,936,865$2,787,024$0$36,550,956
91$95,596,715$2,715,878$0$40,051,655
92$105,133,326$2,634,703$0$43,905,705
93$115,635,923$2,542,801$0$48,149,200
94$127,202,823$2,439,434$0$52,821,924
95$139,942,366$2,323,821$0$57,967,732
96$153,973,935$2,195,136$0$63,634,961
97$169,429,084$2,052,506$0$69,876,893
98$186,452,778$1,895,005$0$76,752,255
99$205,204,758$1,721,658$0$84,325,781
100$225,861,056$1,531,431$0$92,668,820