Can I retire at age 47 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$155,249$153,866$152,517$151,200$149,914$144,080
2 years$76,856$75,424$74,037$72,692$71,388$65,580
3 years$50,728$49,291$47,907$46,575$45,291$39,693
4 years$37,667$36,234$34,864$33,554$32,302$26,957
5 years$29,832$28,408$27,056$25,773$24,556$19,476
6 years$24,611$23,197$21,865$20,611$19,430$14,620
7 years$20,883$19,481$18,170$16,945$15,802$11,259
8 years$18,088$16,699$15,410$14,215$13,109$8,830
9 years$15,915$14,539$13,272$12,108$11,040$7,017
10 years$14,178$12,816$11,571$10,437$9,406$5,633
11 years$12,758$11,409$10,187$9,084$8,090$4,557
12 years$11,575$10,240$9,041$7,967$7,010$3,709
13 years$10,575$9,254$8,077$7,034$6,113$3,033
14 years$9,719$8,412$7,257$6,244$5,359$2,490
15 years$8,977$7,684$6,553$5,569$4,718$2,051
16 years$8,329$7,050$5,941$4,986$4,170$1,693
17 years$7,758$6,493$5,406$4,480$3,697$1,401
18 years$7,250$6,000$4,935$4,037$3,288$1,161
19 years$6,797$5,560$4,518$3,648$2,930$963
20 years$6,390$5,167$4,146$3,304$2,617$800
21 years$6,021$4,813$3,814$2,999$2,342$666
22 years$5,687$4,493$3,515$2,726$2,100$554
23 years$5,382$4,202$3,245$2,483$1,885$461
24 years$5,103$3,937$3,001$2,265$1,694$384
25 years$4,847$3,695$2,780$2,068$1,524$320
26 years$4,611$3,472$2,578$1,891$1,373$267
27 years$4,392$3,268$2,394$1,731$1,238$223
28 years$4,190$3,079$2,226$1,586$1,117$186
29 years$4,002$2,905$2,071$1,454$1,009$155
30 years$3,827$2,743$1,929$1,335$911$129
31 years$3,663$2,593$1,799$1,226$824$108
32 years$3,510$2,454$1,678$1,127$745$90
33 years$3,367$2,324$1,567$1,036$675$75
34 years$3,232$2,203$1,464$953$611$63
35 years$3,105$2,089$1,369$877$553$53
36 years$2,986$1,983$1,280$808$501$44
37 years$2,873$1,883$1,198$745$454$37
38 years$2,767$1,790$1,122$686$412$31
39 years$2,666$1,702$1,051$633$373$26
40 years$2,570$1,619$985$584$339$21
41 years$2,480$1,541$924$538$307$18
42 years$2,394$1,468$867$497$279$15
43 years$2,312$1,399$813$459$253$12
44 years$2,234$1,333$764$424$230$10
45 years$2,159$1,271$717$391$209$9
46 years$2,089$1,213$673$361$189$7
47 years$2,021$1,157$633$334$172$6
48 years$1,956$1,105$594$308$156$5
49 years$1,895$1,055$559$285$142$4
50 years$1,836$1,008$525$264$129$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,880,000, adding $6,852 every year, while hoping to spend $27,467 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: 60/18/22 Blend
46$1,880,000$1,880,000$1,880,000$1,880,000
47$2,078,828$1,979,188$1,950,048$2,191,067
48$2,261,644$2,046,943$1,986,150$2,335,755
49$2,462,186$2,117,098$2,022,541$2,489,946
50$2,682,234$2,189,741$2,059,201$2,657,567
51$2,923,748$2,264,964$2,096,110$2,839,927
52$3,188,885$2,342,863$2,133,245$3,038,467
53$3,480,025$2,423,536$2,170,582$3,254,771
54$3,799,786$2,507,088$2,208,094$3,490,585
55$4,151,053$2,593,624$2,245,755$3,747,832
56$4,537,006$2,683,258$2,283,533$4,028,627
57$4,961,146$2,776,103$2,321,397$4,335,300
58$5,427,332$2,872,281$2,359,313$4,670,417
59$5,939,813$2,971,916$2,397,243$5,036,804
60$6,503,273$3,075,138$2,435,149$5,437,573
61$7,122,869$3,182,083$2,472,990$5,876,151
62$7,804,287$3,292,890$2,510,720$6,356,312
63$8,553,789$3,407,706$2,548,293$6,882,215
64$9,378,273$3,526,682$2,585,659$7,458,439
65$10,285,343$3,649,976$2,622,765$8,090,027
66$11,283,375$3,777,751$2,659,554$8,782,538
67$12,381,597$3,910,178$2,695,967$9,542,091
68$13,590,178$4,047,435$2,731,940$10,375,429
69$14,920,322$4,189,706$2,767,406$11,289,981
70$16,384,376$4,337,182$2,802,295$12,293,929
71$17,995,942$4,490,063$2,836,532$13,396,288
72$19,770,008$4,648,557$2,870,036$14,606,991
73$21,723,092$4,812,879$2,902,725$15,936,980
74$23,873,392$4,983,254$2,934,510$17,398,310
75$26,240,960$5,159,916$2,965,299$19,004,263
76$28,847,893$5,343,107$2,994,991$20,769,473
77$31,718,539$5,533,081$3,023,485$22,710,064
78$34,879,729$5,730,100$3,050,670$24,843,800
79$38,361,026$5,934,440$3,076,432$27,190,255
80$42,195,007$6,146,384$3,100,649$29,770,995
81$46,417,571$6,366,230$3,123,194$32,609,784
82$51,068,274$6,594,286$3,143,932$35,732,804
83$56,190,707$6,830,875$3,162,723$39,168,906
84$61,832,902$7,076,331$3,179,417$42,949,879
85$68,047,789$7,331,003$3,193,859$47,110,751
86$74,893,695$7,595,253$3,205,885$51,690,119
87$82,434,892$7,869,460$3,215,322$56,730,511
88$90,742,205$8,154,018$3,221,989$62,278,791
89$99,893,681$8,449,336$3,225,697$68,386,598
90$109,975,324$8,755,841$3,226,245$75,110,834
91$121,081,908$9,073,979$3,223,426$82,514,199
92$133,317,871$9,404,212$3,217,018$90,665,786
93$146,798,298$9,747,023$3,206,793$99,641,728
94$161,650,013$10,102,914$3,192,508$109,525,921
95$178,012,768$10,472,411$3,173,911$120,410,811
96$196,040,569$10,856,058$3,150,736$132,398,270
97$215,903,127$11,254,425$3,122,706$145,600,555
98$237,787,458$11,668,104$3,089,528$160,141,368
99$261,899,650$12,097,713$3,050,899$176,157,021
100$288,466,809$12,543,895$3,006,499$193,797,726