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

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$157,726$156,321$154,950$153,612$152,306$149,048
2 years$78,082$76,628$75,219$73,852$72,527$69,260
3 years$51,538$50,077$48,671$47,318$46,014$42,841
4 years$38,268$36,812$35,420$34,090$32,818$29,762
5 years$30,308$28,861$27,488$26,184$24,947$22,019
6 years$25,004$23,567$22,214$20,940$19,740$16,941
7 years$21,216$19,792$18,460$17,216$16,054$13,385
8 years$18,377$16,965$15,656$14,442$13,318$10,779
9 years$16,169$14,771$13,484$12,301$11,216$8,804
10 years$14,405$13,020$11,756$10,604$9,557$7,270
11 years$12,962$11,591$10,350$9,228$8,219$6,054
12 years$11,760$10,404$9,185$8,095$7,122$5,076
13 years$10,744$9,402$8,206$7,146$6,211$4,280
14 years$9,874$8,546$7,373$6,344$5,444$3,625
15 years$9,121$7,807$6,657$5,657$4,794$3,082
16 years$8,462$7,163$6,036$5,066$4,237$2,628
17 years$7,882$6,597$5,492$4,551$3,756$2,247
18 years$7,366$6,095$5,014$4,102$3,340$1,925
19 years$6,906$5,649$4,590$3,706$2,977$1,653
20 years$6,491$5,250$4,212$3,357$2,659$1,421
21 years$6,117$4,890$3,874$3,046$2,380$1,223
22 years$5,778$4,564$3,571$2,770$2,133$1,054
23 years$5,468$4,269$3,297$2,523$1,915$910
24 years$5,185$4,000$3,049$2,301$1,721$785
25 years$4,924$3,754$2,824$2,101$1,549$679
26 years$4,684$3,528$2,619$1,921$1,395$587
27 years$4,463$3,320$2,432$1,759$1,258$508
28 years$4,257$3,128$2,261$1,611$1,135$439
29 years$4,066$2,951$2,104$1,478$1,025$380
30 years$3,888$2,787$1,960$1,356$926$330
31 years$3,722$2,635$1,827$1,245$837$285
32 years$3,566$2,493$1,705$1,145$757$247
33 years$3,421$2,361$1,592$1,052$685$214
34 years$3,284$2,238$1,487$968$620$186
35 years$3,155$2,122$1,391$891$562$161
36 years$3,034$2,014$1,301$821$509$140
37 years$2,919$1,913$1,218$756$461$121
38 years$2,811$1,818$1,140$697$418$105
39 years$2,708$1,729$1,068$643$379$91
40 years$2,611$1,645$1,001$593$344$79
41 years$2,519$1,566$939$547$312$69
42 years$2,432$1,491$881$505$283$60
43 years$2,349$1,421$826$466$257$52
44 years$2,269$1,354$776$430$233$45
45 years$2,194$1,292$728$397$212$39
46 years$2,122$1,232$684$367$192$34
47 years$2,053$1,176$643$339$175$29
48 years$1,988$1,122$604$313$159$25
49 years$1,925$1,072$568$290$144$22
50 years$1,865$1,024$534$268$131$19

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 $4,435 every year, while hoping to spend $56,561 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: 49/45/6 Blend
46$1,910,000$1,910,000$1,910,000$1,910,000
47$2,109,395$2,008,165$1,978,560$2,209,337
48$2,264,372$2,046,384$1,984,661$2,316,236
49$2,433,262$2,084,581$1,989,071$2,425,878
50$2,617,424$2,122,694$1,991,673$2,543,619
51$2,818,352$2,160,657$1,992,346$2,670,228
52$3,037,695$2,198,401$1,990,960$2,806,553
53$3,277,265$2,235,847$1,987,382$2,953,530
54$3,539,057$2,272,915$1,981,471$3,112,187
55$3,825,269$2,309,515$1,973,078$3,283,662
56$4,138,319$2,345,554$1,962,049$3,469,205
57$4,480,870$2,380,929$1,948,220$3,670,197
58$4,855,856$2,415,532$1,931,422$3,888,160
59$5,266,505$2,449,245$1,911,477$4,124,771
60$5,716,374$2,481,943$1,888,197$4,381,881
61$6,209,379$2,513,493$1,861,387$4,661,528
62$6,749,834$2,543,753$1,830,841$4,965,963
63$7,342,488$2,572,568$1,796,346$5,297,664
64$7,992,575$2,599,777$1,757,677$5,659,368
65$8,705,857$2,625,205$1,714,598$6,054,088
66$9,488,682$2,648,668$1,666,865$6,485,152
67$10,348,043$2,669,968$1,614,219$6,956,224
68$11,291,640$2,688,893$1,556,393$7,471,349
69$12,327,960$2,705,222$1,493,105$8,034,986
70$13,466,349$2,718,714$1,424,060$8,652,049
71$14,717,102$2,729,117$1,348,952$9,327,962
72$16,091,564$2,736,161$1,267,460$10,068,702
73$17,602,230$2,739,560$1,179,246$10,880,862
74$19,262,869$2,739,009$1,083,962$11,771,709
75$21,088,646$2,734,185$981,239$12,749,260
76$23,096,273$2,724,745$870,696$13,822,352
77$25,304,161$2,710,325$751,932$15,000,730
78$27,732,593$2,690,539$624,529$16,295,139
79$30,403,918$2,664,977$488,052$17,717,428
80$33,342,761$2,633,203$342,045$19,280,659
81$36,576,251$2,594,759$186,032$20,999,236
82$40,134,282$2,549,156$19,518$22,889,039
83$44,049,791$2,495,876$0$24,967,579
84$48,359,069$2,434,373$0$27,264,287
85$53,102,103$2,364,067$0$29,792,312
86$58,322,955$2,284,343$0$32,573,906
87$64,070,173$2,194,553$0$35,634,977
88$70,397,253$2,094,009$0$39,004,089
89$77,363,141$1,981,983$0$42,712,726
90$85,032,789$1,857,708$0$46,795,600
91$93,477,767$1,720,369$0$51,290,972
92$102,776,939$1,569,107$0$56,241,022
93$113,017,206$1,403,013$0$61,692,246
94$124,294,327$1,221,126$0$67,695,899
95$136,713,819$1,022,432$0$74,308,478
96$150,391,956$805,859$0$81,592,262
97$165,456,863$570,273$0$89,615,903
98$182,049,725$314,479$0$98,455,073
99$200,326,121$37,212$0$108,193,186
100$220,457,491$0$0$118,922,185