Can I retire at age 47 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$156,900$155,503$154,139$152,808$151,509$148,207
2 years$77,673$76,227$74,825$73,465$72,147$68,838
3 years$51,268$49,815$48,417$47,070$45,773$42,559
4 years$38,068$36,619$35,235$33,911$32,646$29,552
5 years$30,150$28,710$27,344$26,047$24,817$21,851
6 years$24,873$23,444$22,098$20,830$19,637$16,803
7 years$21,105$19,688$18,363$17,126$15,970$13,269
8 years$18,280$16,876$15,574$14,366$13,249$10,679
9 years$16,085$14,694$13,414$12,237$11,157$8,717
10 years$14,329$12,952$11,694$10,548$9,506$7,193
11 years$12,894$11,530$10,295$9,180$8,176$5,987
12 years$11,698$10,349$9,137$8,052$7,085$5,017
13 years$10,688$9,353$8,163$7,109$6,178$4,227
14 years$9,822$8,501$7,335$6,310$5,416$3,577
15 years$9,073$7,766$6,622$5,628$4,769$3,039
16 years$8,418$7,125$6,004$5,039$4,214$2,590
17 years$7,840$6,562$5,463$4,528$3,737$2,213
18 years$7,328$6,064$4,987$4,080$3,323$1,894
19 years$6,869$5,620$4,566$3,687$2,962$1,625
20 years$6,457$5,222$4,190$3,339$2,645$1,396
21 years$6,085$4,864$3,854$3,031$2,367$1,201
22 years$5,747$4,540$3,552$2,755$2,122$1,034
23 years$5,439$4,247$3,280$2,509$1,905$892
24 years$5,157$3,979$3,033$2,289$1,712$769
25 years$4,898$3,734$2,809$2,090$1,541$664
26 years$4,660$3,509$2,606$1,911$1,388$574
27 years$4,439$3,303$2,420$1,749$1,251$496
28 years$4,235$3,112$2,249$1,603$1,129$429
29 years$4,045$2,936$2,093$1,470$1,019$371
30 years$3,868$2,773$1,950$1,349$921$321
31 years$3,702$2,621$1,818$1,239$833$278
32 years$3,548$2,480$1,696$1,139$753$241
33 years$3,403$2,349$1,583$1,047$682$209
34 years$3,266$2,226$1,479$963$617$181
35 years$3,138$2,111$1,383$887$559$157
36 years$3,018$2,004$1,294$817$507$136
37 years$2,904$1,903$1,211$752$459$118
38 years$2,796$1,809$1,134$694$416$102
39 years$2,694$1,720$1,063$640$377$88
40 years$2,598$1,636$996$590$342$77
41 years$2,506$1,558$934$544$311$66
42 years$2,419$1,484$876$502$282$58
43 years$2,336$1,414$822$464$256$50
44 years$2,257$1,347$772$428$232$43
45 years$2,182$1,285$725$395$211$37
46 years$2,111$1,226$681$365$191$33
47 years$2,043$1,170$639$337$174$28
48 years$1,977$1,117$601$312$158$24
49 years$1,915$1,066$565$288$143$21
50 years$1,855$1,019$531$266$130$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,900,000, adding $6,081 every year, while hoping to spend $28,699 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: 20/50/30 Blend
46$1,900,000$1,900,000$1,900,000$1,900,000
47$2,100,073$1,999,373$1,969,923$2,121,957
48$2,283,744$2,066,806$2,005,379$2,210,823
49$2,485,189$2,136,582$2,041,062$2,302,935
50$2,706,189$2,208,785$2,076,948$2,400,695
51$2,948,707$2,283,503$2,113,013$2,504,574
52$3,214,906$2,360,826$2,149,230$2,615,087
53$3,507,169$2,440,849$2,185,572$2,732,801
54$3,828,120$2,523,670$2,222,008$2,858,337
55$4,180,649$2,609,390$2,258,506$2,992,375
56$4,567,941$2,698,116$2,295,031$3,135,661
57$4,993,503$2,789,956$2,331,548$3,289,015
58$5,461,202$2,885,025$2,368,016$3,453,336
59$5,975,294$2,983,441$2,404,394$3,629,612
60$6,540,471$3,085,327$2,440,638$3,818,928
61$7,161,900$3,190,809$2,476,701$4,022,474
62$7,845,275$3,300,020$2,512,532$4,241,560
63$8,596,870$3,413,098$2,548,078$4,477,624
64$9,423,596$3,530,185$2,583,284$4,732,246
65$10,333,068$3,651,429$2,618,089$5,007,164
66$11,333,677$3,776,985$2,652,431$5,304,290
67$12,434,667$3,907,012$2,686,242$5,625,722
68$13,646,223$4,041,676$2,719,452$5,973,773
69$14,979,570$4,181,150$2,751,986$6,350,982
70$16,447,074$4,325,614$2,783,764$6,760,145
71$18,062,360$4,475,253$2,814,705$7,204,338
72$19,840,442$4,630,262$2,844,719$7,686,943
73$21,797,863$4,790,842$2,873,713$8,211,684
74$23,952,853$4,957,201$2,901,591$8,782,657
75$26,325,498$5,129,557$2,928,248$9,404,372
76$28,937,930$5,308,137$2,953,576$10,081,792
77$31,814,538$5,493,175$2,977,460$10,820,380
78$34,982,196$5,684,915$2,999,779$11,626,150
79$38,470,516$5,883,612$3,020,408$12,505,722
80$42,312,129$6,089,529$3,039,212$13,466,386
81$46,542,991$6,302,942$3,056,051$14,516,166
82$51,202,725$6,524,134$3,070,777$15,663,900
83$56,334,991$6,753,404$3,083,235$16,919,318
84$61,987,899$6,991,061$3,093,263$18,293,135
85$68,214,467$7,237,425$3,100,689$19,797,152
86$75,073,114$7,492,830$3,105,334$21,444,365
87$82,628,217$7,757,624$3,107,009$23,249,086
88$90,950,717$8,032,170$3,105,515$25,227,078
89$100,118,786$8,316,842$3,100,646$27,395,704
90$110,218,568$8,612,033$3,092,183$29,774,088
91$121,344,989$8,918,150$3,079,898$32,383,295
92$133,602,655$9,235,616$3,063,552$35,246,528
93$147,106,838$9,564,873$3,042,893$38,389,347
94$161,984,564$9,906,380$3,017,658$41,839,907
95$178,375,812$10,260,616$2,987,572$45,629,227
96$196,434,835$10,628,076$2,952,347$49,791,474
97$216,331,617$11,009,280$2,911,678$54,364,291
98$238,253,473$11,404,767$2,865,251$59,389,148
99$262,406,824$11,815,097$2,812,734$64,911,731
100$289,019,139$12,240,855$2,753,779$70,982,374