Can I retire at age 47 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$157,726$156,321$154,950$153,612$152,306$148,624
2 years$78,082$76,628$75,219$73,852$72,527$68,839
3 years$51,538$50,077$48,671$47,318$46,014$42,436
4 years$38,268$36,812$35,420$34,090$32,818$29,377
5 years$30,308$28,861$27,488$26,184$24,947$21,654
6 years$25,004$23,567$22,214$20,940$19,740$16,597
7 years$21,216$19,792$18,460$17,216$16,054$13,062
8 years$18,377$16,965$15,656$14,442$13,318$10,475
9 years$16,169$14,771$13,484$12,301$11,216$8,520
10 years$14,405$13,020$11,756$10,604$9,557$7,005
11 years$12,962$11,591$10,350$9,228$8,219$5,808
12 years$11,760$10,404$9,185$8,095$7,122$4,848
13 years$10,744$9,402$8,206$7,146$6,211$4,068
14 years$9,874$8,546$7,373$6,344$5,444$3,429
15 years$9,121$7,807$6,657$5,657$4,794$2,901
16 years$8,462$7,163$6,036$5,066$4,237$2,461
17 years$7,882$6,597$5,492$4,551$3,756$2,094
18 years$7,366$6,095$5,014$4,102$3,340$1,785
19 years$6,906$5,649$4,590$3,706$2,977$1,524
20 years$6,491$5,250$4,212$3,357$2,659$1,304
21 years$6,117$4,890$3,874$3,046$2,380$1,116
22 years$5,778$4,564$3,571$2,770$2,133$957
23 years$5,468$4,269$3,297$2,523$1,915$821
24 years$5,185$4,000$3,049$2,301$1,721$705
25 years$4,924$3,754$2,824$2,101$1,549$606
26 years$4,684$3,528$2,619$1,921$1,395$521
27 years$4,463$3,320$2,432$1,759$1,258$448
28 years$4,257$3,128$2,261$1,611$1,135$386
29 years$4,066$2,951$2,104$1,478$1,025$332
30 years$3,888$2,787$1,960$1,356$926$286
31 years$3,722$2,635$1,827$1,245$837$246
32 years$3,566$2,493$1,705$1,145$757$212
33 years$3,421$2,361$1,592$1,052$685$183
34 years$3,284$2,238$1,487$968$620$158
35 years$3,155$2,122$1,391$891$562$136
36 years$3,034$2,014$1,301$821$509$117
37 years$2,919$1,913$1,218$756$461$101
38 years$2,811$1,818$1,140$697$418$87
39 years$2,708$1,729$1,068$643$379$75
40 years$2,611$1,645$1,001$593$344$65
41 years$2,519$1,566$939$547$312$56
42 years$2,432$1,491$881$505$283$48
43 years$2,349$1,421$826$466$257$42
44 years$2,269$1,354$776$430$233$36
45 years$2,194$1,292$728$397$212$31
46 years$2,122$1,232$684$367$192$27
47 years$2,053$1,176$643$339$175$23
48 years$1,988$1,122$604$313$159$20
49 years$1,925$1,072$568$290$144$17
50 years$1,865$1,024$534$268$131$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,910,000, adding $5,745 every year, while hoping to spend $47,974 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: 71/12/17 Blend
46$1,910,000$1,910,000$1,910,000$1,910,000
47$2,110,746$2,009,516$1,979,911$2,251,810
48$2,274,998$2,056,938$1,995,194$2,393,764
49$2,454,396$2,105,076$2,009,381$2,542,816
50$2,650,434$2,153,915$2,022,385$2,704,772
51$2,864,757$2,203,435$2,034,114$2,880,901
52$3,099,177$2,253,618$2,044,471$3,072,600
53$3,355,687$2,304,439$2,053,354$3,281,410
54$3,636,483$2,355,873$2,060,658$3,509,026
55$3,943,984$2,407,890$2,066,270$3,757,317
56$4,280,852$2,460,459$2,070,072$4,028,343
57$4,650,020$2,513,543$2,071,940$4,324,371
58$5,054,718$2,567,102$2,071,746$4,647,901
59$5,498,502$2,621,093$2,069,352$5,001,686
60$5,985,291$2,675,468$2,064,617$5,388,762
61$6,519,399$2,730,174$2,057,390$5,812,472
62$7,105,580$2,785,155$2,047,515$6,276,500
63$7,749,069$2,840,348$2,034,827$6,784,906
64$8,455,634$2,895,685$2,019,154$7,342,163
65$9,231,627$2,951,092$2,000,314$7,953,203
66$10,084,048$3,006,490$1,978,120$8,623,456
67$11,020,606$3,061,793$1,952,371$9,358,912
68$12,049,794$3,116,907$1,922,862$10,166,165
69$13,180,969$3,171,732$1,889,374$11,052,489
70$14,424,441$3,226,160$1,851,681$12,025,893
71$15,791,565$3,280,073$1,809,544$13,095,209
72$17,294,855$3,333,347$1,762,714$14,270,167
73$18,948,095$3,385,846$1,710,930$15,561,490
74$20,766,475$3,437,427$1,653,920$16,980,997
75$22,766,729$3,487,933$1,591,399$18,541,711
76$24,967,293$3,537,200$1,523,069$20,257,985
77$27,388,484$3,585,050$1,448,619$22,145,638
78$30,052,683$3,631,291$1,367,722$24,222,100
79$32,984,554$3,675,721$1,280,037$26,506,584
80$36,211,270$3,718,124$1,185,210$29,020,262
81$39,762,773$3,758,266$1,082,869$31,786,465
82$43,672,056$3,795,900$972,625$34,830,910
83$47,975,470$3,830,763$854,072$38,181,934
84$52,713,071$3,862,574$726,786$41,870,769
85$57,928,997$3,891,033$590,326$45,931,833
86$63,671,882$3,915,821$444,229$50,403,059
87$69,995,316$3,936,598$288,013$55,326,248
88$76,958,351$3,953,004$121,174$60,747,471
89$84,626,056$3,964,654$0$66,717,498
90$93,070,132$3,971,141$0$73,302,601
91$102,369,589$3,972,031$0$80,578,251
92$112,611,490$3,966,863$0$88,590,509
93$123,891,770$3,955,148$0$97,414,374
94$136,316,147$3,936,367$0$107,132,496
95$150,001,115$3,909,969$0$117,835,951
96$165,075,042$3,875,370$0$129,625,104
97$181,679,384$3,831,952$0$142,610,555
98$199,970,020$3,779,056$0$156,914,182
99$220,118,720$3,715,988$0$172,670,294
100$242,314,768$3,642,010$0$190,026,896