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

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$154,423$153,047$151,705$150,395$149,116$146,767
2 years$76,447$75,023$73,643$72,306$71,008$68,647
3 years$50,458$49,028$47,652$46,327$45,050$42,751
4 years$37,467$36,041$34,679$33,376$32,130$29,911
5 years$29,674$28,257$26,912$25,636$24,425$22,292
6 years$24,480$23,074$21,749$20,501$19,327$17,282
7 years$20,772$19,377$18,073$16,855$15,718$13,762
8 years$17,992$16,610$15,328$14,139$13,039$11,173
9 years$15,831$14,462$13,202$12,044$10,981$9,202
10 years$14,103$12,747$11,510$10,382$9,356$7,664
11 years$12,690$11,348$10,133$9,035$8,047$6,439
12 years$11,514$10,186$8,993$7,925$6,973$5,448
13 years$10,519$9,205$8,034$6,997$6,081$4,636
14 years$9,667$8,367$7,219$6,211$5,330$3,964
15 years$8,930$7,643$6,518$5,539$4,693$3,403
16 years$8,285$7,013$5,909$4,960$4,148$2,930
17 years$7,716$6,458$5,377$4,456$3,678$2,531
18 years$7,212$5,968$4,909$4,016$3,270$2,191
19 years$6,761$5,531$4,494$3,629$2,915$1,900
20 years$6,356$5,140$4,124$3,286$2,604$1,651
21 years$5,989$4,787$3,793$2,983$2,330$1,436
22 years$5,657$4,469$3,496$2,712$2,088$1,251
23 years$5,354$4,180$3,228$2,470$1,875$1,092
24 years$5,076$3,916$2,985$2,253$1,685$953
25 years$4,821$3,675$2,765$2,057$1,516$833
26 years$4,586$3,454$2,564$1,881$1,366$728
27 years$4,369$3,251$2,381$1,722$1,231$637
28 years$4,168$3,063$2,214$1,577$1,111$558
29 years$3,981$2,890$2,060$1,447$1,003$488
30 years$3,807$2,729$1,919$1,328$907$428
31 years$3,644$2,580$1,789$1,219$820$375
32 years$3,492$2,441$1,669$1,121$741$329
33 years$3,349$2,312$1,558$1,030$671$288
34 years$3,215$2,191$1,456$948$607$253
35 years$3,089$2,078$1,361$873$550$222
36 years$2,970$1,972$1,274$804$499$195
37 years$2,858$1,873$1,192$741$452$171
38 years$2,752$1,780$1,116$683$410$150
39 years$2,652$1,693$1,046$629$371$132
40 years$2,557$1,611$980$581$337$116
41 years$2,466$1,533$919$536$306$102
42 years$2,381$1,460$862$494$277$89
43 years$2,299$1,391$809$456$252$78
44 years$2,222$1,326$759$421$228$69
45 years$2,148$1,265$713$389$207$60
46 years$2,078$1,206$670$359$188$53
47 years$2,010$1,151$629$332$171$47
48 years$1,946$1,099$591$307$155$41
49 years$1,885$1,049$556$284$141$36
50 years$1,826$1,002$523$262$128$32

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 $3,763 every year, while hoping to spend $42,700 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: 41/40/19 Blend
46$1,870,000$1,870,000$1,870,000$1,870,000
47$2,064,622$1,965,512$1,936,527$2,137,569
48$2,229,780$2,016,389$1,955,968$2,240,700
49$2,410,354$2,068,329$1,974,629$2,347,842
50$2,607,871$2,121,337$1,992,439$2,462,923
51$2,824,011$2,175,420$2,009,324$2,586,692
52$3,060,627$2,230,582$2,025,203$2,719,970
53$3,319,758$2,286,828$2,039,994$2,863,665
54$3,603,649$2,344,158$2,053,609$3,018,775
55$3,914,772$2,402,573$2,065,957$3,186,400
56$4,255,853$2,462,073$2,076,940$3,367,750
57$4,629,889$2,522,654$2,086,457$3,564,160
58$5,040,185$2,584,311$2,094,400$3,777,100
59$5,490,380$2,647,038$2,100,659$4,008,189
60$5,984,482$2,710,826$2,105,114$4,259,210
61$6,526,906$2,775,664$2,107,642$4,532,131
62$7,122,515$2,841,536$2,108,113$4,829,117
63$7,776,668$2,908,427$2,106,390$5,152,555
64$8,495,264$2,976,317$2,102,331$5,505,075
65$9,284,808$3,045,182$2,095,785$5,889,577
66$10,152,459$3,114,998$2,086,596$6,309,254
67$11,106,111$3,185,733$2,074,597$6,767,626
68$12,154,454$3,257,354$2,059,616$7,268,574
69$13,307,068$3,329,824$2,041,473$7,816,374
70$14,574,504$3,403,100$2,019,977$8,415,739
71$15,968,386$3,477,135$1,994,929$9,071,861
72$17,501,524$3,551,877$1,966,122$9,790,467
73$19,188,030$3,627,269$1,933,337$10,577,865
74$21,043,451$3,703,248$1,896,346$11,441,009
75$23,084,920$3,779,744$1,854,911$12,387,564
76$25,331,313$3,856,683$1,808,782$13,425,978
77$27,803,427$3,933,980$1,757,696$14,565,563
78$30,524,179$4,011,548$1,701,381$15,816,581
79$33,518,819$4,089,287$1,639,551$17,190,343
80$36,815,170$4,167,093$1,571,907$18,699,318
81$40,443,887$4,244,850$1,498,136$20,357,248
82$44,438,750$4,322,435$1,417,910$22,179,278
83$48,836,982$4,399,714$1,330,889$24,182,104
84$53,679,596$4,476,542$1,236,716$26,384,125
85$59,011,786$4,552,763$1,135,017$28,805,624
86$64,883,350$4,628,211$1,025,402$31,468,953
87$71,349,164$4,702,705$907,465$34,398,751
88$78,469,693$4,776,052$780,780$37,622,174
89$86,311,568$4,848,045$644,902$41,169,152
90$94,948,211$4,918,462$499,369$45,072,675
91$104,460,526$4,987,064$343,696$49,369,103
92$114,937,666$5,053,597$177,376$54,098,511
93$126,477,874$5,117,788$0$59,305,068
94$139,189,404$5,179,347$0$65,037,481
95$153,191,550$5,237,962$0$71,387,759
96$168,615,766$5,293,301$0$78,379,159
97$185,606,912$5,345,010$0$86,076,980
98$204,324,613$5,392,711$0$94,553,186
99$224,944,771$5,436,002$0$103,887,083
100$247,661,227$5,474,455$0$114,166,072