Can I retire at age 47 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$156,074$154,684$153,328$152,004$150,711$146,238
2 years$77,265$75,826$74,431$73,079$71,767$67,298
3 years$50,998$49,553$48,162$46,822$45,532$41,206
4 years$37,867$36,427$35,049$33,733$32,474$28,325
5 years$29,991$28,559$27,200$25,910$24,686$20,725
6 years$24,742$23,320$21,981$20,720$19,533$15,764
7 years$20,994$19,585$18,267$17,035$15,886$12,308
8 years$18,184$16,788$15,492$14,291$13,179$9,790
9 years$16,000$14,617$13,343$12,172$11,098$7,896
10 years$14,254$12,884$11,633$10,493$9,456$6,435
11 years$12,826$11,470$10,241$9,132$8,133$5,288
12 years$11,637$10,295$9,089$8,010$7,048$4,373
13 years$10,632$9,303$8,120$7,071$6,146$3,635
14 years$9,771$8,456$7,296$6,277$5,387$3,035
15 years$9,025$7,725$6,587$5,598$4,743$2,542
16 years$8,373$7,088$5,972$5,013$4,192$2,136
17 years$7,799$6,527$5,435$4,504$3,717$1,798
18 years$7,289$6,032$4,961$4,059$3,305$1,517
19 years$6,833$5,590$4,542$3,667$2,946$1,282
20 years$6,424$5,195$4,168$3,322$2,631$1,085
21 years$6,053$4,839$3,834$3,015$2,355$919
22 years$5,717$4,517$3,534$2,741$2,111$779
23 years$5,411$4,224$3,263$2,496$1,895$661
24 years$5,130$3,958$3,017$2,277$1,703$562
25 years$4,873$3,714$2,795$2,079$1,532$477
26 years$4,635$3,491$2,592$1,901$1,380$406
27 years$4,416$3,285$2,407$1,740$1,245$345
28 years$4,212$3,096$2,237$1,594$1,123$294
29 years$4,023$2,920$2,082$1,462$1,014$250
30 years$3,847$2,758$1,939$1,342$916$213
31 years$3,683$2,607$1,808$1,232$828$181
32 years$3,529$2,467$1,687$1,133$749$154
33 years$3,385$2,336$1,575$1,041$678$131
34 years$3,249$2,214$1,472$958$614$112
35 years$3,122$2,100$1,376$882$556$95
36 years$3,002$1,993$1,287$812$504$81
37 years$2,888$1,893$1,205$749$457$69
38 years$2,781$1,799$1,128$690$414$59
39 years$2,680$1,711$1,057$636$375$50
40 years$2,584$1,628$991$587$341$43
41 years$2,493$1,550$929$541$309$37
42 years$2,406$1,476$871$500$280$31
43 years$2,324$1,406$818$461$254$27
44 years$2,246$1,340$768$426$231$23
45 years$2,171$1,278$721$393$210$19
46 years$2,100$1,219$677$363$190$16
47 years$2,032$1,164$636$336$173$14
48 years$1,967$1,111$598$310$157$12
49 years$1,905$1,061$562$287$143$10
50 years$1,845$1,013$528$265$129$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,890,000, adding $6,422 every year, while hoping to spend $24,522 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: 69/21/10 Blend
46$1,890,000$1,890,000$1,890,000$1,890,000
47$2,089,404$1,989,234$1,959,939$2,228,953
48$2,276,432$2,060,616$1,999,506$2,393,728
49$2,481,715$2,134,673$2,039,576$2,570,345
50$2,707,089$2,211,511$2,080,141$2,762,905
51$2,954,577$2,291,239$2,121,191$2,972,970
52$3,226,407$2,373,973$2,162,713$3,202,256
53$3,525,033$2,459,830$2,204,696$3,452,655
54$3,853,158$2,548,934$2,247,126$3,726,250
55$4,213,763$2,641,414$2,289,988$4,025,332
56$4,610,128$2,737,405$2,333,264$4,352,425
57$5,045,869$2,837,046$2,376,936$4,710,305
58$5,524,970$2,940,483$2,420,985$5,102,033
59$6,051,817$3,047,867$2,465,389$5,530,977
60$6,631,248$3,159,357$2,510,124$6,000,845
61$7,268,587$3,275,118$2,555,166$6,515,721
62$7,969,706$3,395,322$2,600,486$7,080,104
63$8,741,069$3,520,146$2,646,056$7,698,948
64$9,589,803$3,649,778$2,691,844$8,377,707
65$10,523,758$3,784,412$2,737,816$9,122,391
66$11,551,584$3,924,251$2,783,935$9,939,617
67$12,682,812$4,069,506$2,830,163$10,836,677
68$13,927,943$4,220,396$2,876,458$11,821,599
69$15,298,550$4,377,152$2,922,776$12,903,228
70$16,807,382$4,540,012$2,969,069$14,091,307
71$18,468,489$4,709,227$3,015,287$15,396,569
72$20,297,352$4,885,056$3,061,376$16,830,837
73$22,311,028$5,067,770$3,107,279$18,407,136
74$24,528,315$5,257,653$3,152,935$20,139,815
75$26,969,925$5,454,999$3,198,279$22,044,680
76$29,658,680$5,660,117$3,243,244$24,139,148
77$32,619,729$5,873,327$3,287,757$26,442,403
78$35,880,785$6,094,963$3,331,740$28,975,585
79$39,472,385$6,325,376$3,375,113$31,761,981
80$43,428,178$6,564,930$3,417,790$34,827,249
81$47,785,246$6,814,004$3,459,679$38,199,660
82$52,584,446$7,072,996$3,500,684$41,910,360
83$57,870,807$7,342,320$3,540,703$45,993,666
84$63,693,942$7,622,407$3,579,630$50,487,390
85$70,108,527$7,913,708$3,617,351$55,433,192
86$77,174,811$8,216,693$3,653,746$60,876,976
87$84,959,184$8,531,854$3,688,689$66,869,321
88$93,534,809$8,859,703$3,722,048$73,465,956
89$102,982,306$9,200,775$3,753,683$80,728,286
90$113,390,517$9,555,628$3,783,447$88,723,974
91$124,857,341$9,924,846$3,811,184$97,527,574
92$137,490,663$10,309,036$3,836,732$107,221,235
93$151,409,367$10,708,835$3,859,919$117,895,477
94$166,744,460$11,124,906$3,880,563$129,650,044
95$183,640,309$11,557,941$3,898,477$142,594,842
96$202,256,005$12,008,664$3,913,460$156,850,980
97$222,766,860$12,477,831$3,925,303$172,551,906
98$245,366,065$12,966,230$3,933,787$189,844,672
99$270,266,514$13,474,686$3,938,679$208,891,314
100$297,702,812$14,004,059$3,939,738$229,870,388