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%19.9%
1 years$156,074$154,684$153,328$152,004$150,711$144,732
2 years$77,265$75,826$74,431$73,079$71,767$65,817
3 years$50,998$49,553$48,162$46,822$45,532$39,799
4 years$37,867$36,427$35,049$33,733$32,474$27,001
5 years$29,991$28,559$27,200$25,910$24,686$19,487
6 years$24,742$23,320$21,981$20,720$19,533$14,612
7 years$20,994$19,585$18,267$17,035$15,886$11,240
8 years$18,184$16,788$15,492$14,291$13,179$8,805
9 years$16,000$14,617$13,343$12,172$11,098$6,989
10 years$14,254$12,884$11,633$10,493$9,456$5,603
11 years$12,826$11,470$10,241$9,132$8,133$4,527
12 years$11,637$10,295$9,089$8,010$7,048$3,680
13 years$10,632$9,303$8,120$7,071$6,146$3,005
14 years$9,771$8,456$7,296$6,277$5,387$2,464
15 years$9,025$7,725$6,587$5,598$4,743$2,026
16 years$8,373$7,088$5,972$5,013$4,192$1,670
17 years$7,799$6,527$5,435$4,504$3,717$1,380
18 years$7,289$6,032$4,961$4,059$3,305$1,142
19 years$6,833$5,590$4,542$3,667$2,946$946
20 years$6,424$5,195$4,168$3,322$2,631$785
21 years$6,053$4,839$3,834$3,015$2,355$652
22 years$5,717$4,517$3,534$2,741$2,111$541
23 years$5,411$4,224$3,263$2,496$1,895$450
24 years$5,130$3,958$3,017$2,277$1,703$374
25 years$4,873$3,714$2,795$2,079$1,532$312
26 years$4,635$3,491$2,592$1,901$1,380$259
27 years$4,416$3,285$2,407$1,740$1,245$216
28 years$4,212$3,096$2,237$1,594$1,123$180
29 years$4,023$2,920$2,082$1,462$1,014$150
30 years$3,847$2,758$1,939$1,342$916$125
31 years$3,683$2,607$1,808$1,232$828$104
32 years$3,529$2,467$1,687$1,133$749$87
33 years$3,385$2,336$1,575$1,041$678$72
34 years$3,249$2,214$1,472$958$614$60
35 years$3,122$2,100$1,376$882$556$50
36 years$3,002$1,993$1,287$812$504$42
37 years$2,888$1,893$1,205$749$457$35
38 years$2,781$1,799$1,128$690$414$29
39 years$2,680$1,711$1,057$636$375$24
40 years$2,584$1,628$991$587$341$20
41 years$2,493$1,550$929$541$309$17
42 years$2,406$1,476$871$500$280$14
43 years$2,324$1,406$818$461$254$12
44 years$2,246$1,340$768$426$231$10
45 years$2,171$1,278$721$393$210$8
46 years$2,100$1,219$677$363$190$7
47 years$2,032$1,164$636$336$173$6
48 years$1,967$1,111$598$310$157$5
49 years$1,905$1,061$562$287$143$4
50 years$1,845$1,013$528$265$129$3

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 $4,891 every year, while hoping to spend $50,364 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: 57/14/29 Blend
46$1,890,000$1,890,000$1,890,000$1,890,000
47$2,087,825$1,987,655$1,958,360$2,189,926
48$2,247,196$2,031,463$1,970,378$2,304,450
49$2,421,135$2,075,730$1,981,111$2,423,552
50$2,611,075$2,120,425$1,990,462$2,552,358
51$2,818,593$2,165,514$1,998,331$2,691,822
52$3,045,425$2,210,959$2,004,610$2,842,999
53$3,293,482$2,256,720$2,009,189$3,007,049
54$3,564,871$2,302,753$2,011,950$3,185,255
55$3,861,908$2,349,008$2,012,770$3,379,026
56$4,187,145$2,395,432$2,011,521$3,589,921
57$4,543,393$2,441,968$2,008,066$3,819,655
58$4,933,748$2,488,552$2,002,265$4,070,121
59$5,361,616$2,535,118$1,993,967$4,343,406
60$5,830,753$2,581,590$1,983,017$4,641,810
61$6,345,293$2,627,891$1,969,251$4,967,870
62$6,909,789$2,673,935$1,952,497$5,324,382
63$7,529,259$2,719,628$1,932,577$5,714,431
64$8,209,226$2,764,873$1,909,301$6,141,415
65$8,955,777$2,809,562$1,882,473$6,609,083
66$9,775,617$2,853,582$1,851,887$7,121,569
67$10,676,131$2,896,808$1,817,326$7,683,427
68$11,665,454$2,939,109$1,778,564$8,299,683
69$12,752,550$2,980,344$1,735,365$8,975,874
70$13,947,291$3,020,363$1,687,481$9,718,106
71$15,260,557$3,059,002$1,634,653$10,533,112
72$16,704,331$3,096,091$1,576,611$11,428,312
73$18,291,816$3,131,443$1,513,072$12,411,889
74$20,037,560$3,164,862$1,443,738$13,492,862
75$21,957,589$3,196,138$1,368,301$14,681,175
76$24,069,561$3,225,047$1,286,437$15,987,791
77$26,392,932$3,251,350$1,197,809$17,424,793
78$28,949,137$3,274,793$1,102,061$19,005,503
79$31,761,796$3,295,104$998,827$20,744,608
80$34,856,930$3,311,995$887,719$22,658,296
81$38,263,214$3,325,160$768,335$24,764,412
82$42,012,242$3,334,273$640,254$27,082,628
83$46,138,826$3,338,987$503,037$29,634,628
84$50,681,323$3,338,935$356,226$32,444,316
85$55,681,999$3,333,724$199,341$35,538,040
86$61,187,427$3,322,940$31,882$38,944,843
87$67,248,923$3,306,142$0$42,696,739
88$73,923,033$3,282,863$0$46,874,447
89$81,272,066$3,252,608$0$51,484,912
90$89,364,681$3,214,849$0$56,561,308
91$98,276,532$3,169,031$0$62,151,072
92$108,090,987$3,114,562$0$68,306,483
93$118,899,909$3,050,817$0$75,085,151
94$130,804,526$2,977,133$0$82,550,562
95$143,916,384$2,892,809$0$90,772,679
96$158,358,399$2,797,101$0$99,828,600
97$174,266,021$2,689,224$0$109,803,287
98$191,788,505$2,568,345$0$120,790,372
99$211,090,323$2,433,585$0$132,893,035
100$232,352,718$2,284,012$0$146,224,982