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%14.5%
1 years$157,726$156,321$154,950$153,612$152,306$149,476
2 years$78,082$76,628$75,219$73,852$72,527$69,686
3 years$51,538$50,077$48,671$47,318$46,014$43,251
4 years$38,268$36,812$35,420$34,090$32,818$30,154
5 years$30,308$28,861$27,488$26,184$24,947$22,390
6 years$25,004$23,567$22,214$20,940$19,740$17,293
7 years$21,216$19,792$18,460$17,216$16,054$13,717
8 years$18,377$16,965$15,656$14,442$13,318$11,091
9 years$16,169$14,771$13,484$12,301$11,216$9,097
10 years$14,405$13,020$11,756$10,604$9,557$7,544
11 years$12,962$11,591$10,350$9,228$8,219$6,310
12 years$11,760$10,404$9,185$8,095$7,122$5,315
13 years$10,744$9,402$8,206$7,146$6,211$4,502
14 years$9,874$8,546$7,373$6,344$5,444$3,831
15 years$9,121$7,807$6,657$5,657$4,794$3,273
16 years$8,462$7,163$6,036$5,066$4,237$2,805
17 years$7,882$6,597$5,492$4,551$3,756$2,410
18 years$7,366$6,095$5,014$4,102$3,340$2,076
19 years$6,906$5,649$4,590$3,706$2,977$1,791
20 years$6,491$5,250$4,212$3,357$2,659$1,548
21 years$6,117$4,890$3,874$3,046$2,380$1,340
22 years$5,778$4,564$3,571$2,770$2,133$1,161
23 years$5,468$4,269$3,297$2,523$1,915$1,007
24 years$5,185$4,000$3,049$2,301$1,721$875
25 years$4,924$3,754$2,824$2,101$1,549$760
26 years$4,684$3,528$2,619$1,921$1,395$661
27 years$4,463$3,320$2,432$1,759$1,258$575
28 years$4,257$3,128$2,261$1,611$1,135$500
29 years$4,066$2,951$2,104$1,478$1,025$436
30 years$3,888$2,787$1,960$1,356$926$380
31 years$3,722$2,635$1,827$1,245$837$331
32 years$3,566$2,493$1,705$1,145$757$288
33 years$3,421$2,361$1,592$1,052$685$251
34 years$3,284$2,238$1,487$968$620$219
35 years$3,155$2,122$1,391$891$562$191
36 years$3,034$2,014$1,301$821$509$167
37 years$2,919$1,913$1,218$756$461$146
38 years$2,811$1,818$1,140$697$418$127
39 years$2,708$1,729$1,068$643$379$111
40 years$2,611$1,645$1,001$593$344$97
41 years$2,519$1,566$939$547$312$84
42 years$2,432$1,491$881$505$283$74
43 years$2,349$1,421$826$466$257$64
44 years$2,269$1,354$776$430$233$56
45 years$2,194$1,292$728$397$212$49
46 years$2,122$1,232$684$367$192$43
47 years$2,053$1,176$643$339$175$37
48 years$1,988$1,122$604$313$159$33
49 years$1,925$1,072$568$290$144$29
50 years$1,865$1,024$534$268$131$25

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 $6,946 every year, while hoping to spend $33,226 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: 60/26/14 Blend
46$1,910,000$1,910,000$1,910,000$1,910,000
47$2,111,985$2,010,755$1,981,150$2,230,947
48$2,292,055$2,073,930$2,012,166$2,375,070
49$2,489,379$2,139,086$2,043,108$2,527,876
50$2,705,681$2,206,287$2,073,938$2,693,775
51$2,942,861$2,275,596$2,104,615$2,874,033
52$3,203,011$2,347,079$2,135,098$3,070,048
53$3,488,436$2,420,803$2,165,342$3,283,353
54$3,801,674$2,496,840$2,195,298$3,515,641
55$4,145,521$2,575,261$2,224,917$3,768,772
56$4,523,057$2,656,141$2,254,144$4,044,796
57$4,937,674$2,739,558$2,282,923$4,345,968
58$5,393,110$2,825,589$2,311,194$4,674,773
59$5,893,482$2,914,318$2,338,894$5,033,946
60$6,443,325$3,005,827$2,365,955$5,426,499
61$7,047,637$3,100,206$2,392,307$5,855,751
62$7,711,922$3,197,542$2,417,875$6,325,354
63$8,442,245$3,297,928$2,442,581$6,839,333
64$9,245,287$3,401,460$2,466,341$7,402,119
65$10,128,411$3,508,236$2,489,068$8,018,595
66$11,099,727$3,618,358$2,510,670$8,694,137
67$12,168,171$3,731,929$2,531,049$9,434,670
68$13,343,589$3,849,058$2,550,104$10,246,716
69$14,636,829$3,969,856$2,567,726$11,137,465
70$16,059,843$4,094,436$2,583,802$12,114,835
71$17,625,802$4,222,918$2,598,214$13,187,547
72$19,349,215$4,355,423$2,610,836$14,365,213
73$21,246,073$4,492,077$2,621,537$15,658,418
74$23,333,992$4,633,008$2,630,178$17,078,829
75$25,632,385$4,778,351$2,636,615$18,639,294
76$28,162,641$4,928,243$2,640,695$20,353,974
77$30,948,330$5,082,826$2,642,257$22,238,467
78$34,015,421$5,242,247$2,641,134$24,309,961
79$37,392,532$5,406,655$2,637,150$26,587,393
80$41,111,196$5,576,206$2,630,120$29,091,629
81$45,206,159$5,751,062$2,619,851$31,845,659
82$49,715,710$5,931,386$2,606,138$34,874,815
83$54,682,038$6,117,350$2,588,770$38,207,009
84$60,151,635$6,309,129$2,567,522$41,872,997
85$66,175,729$6,506,903$2,542,161$45,906,667
86$72,810,772$6,710,861$2,512,443$50,345,361
87$80,118,972$6,921,194$2,478,110$55,230,226
88$88,168,874$7,138,100$2,438,895$60,606,600
89$97,036,017$7,361,784$2,394,515$66,524,444
90$106,803,637$7,592,457$2,344,677$73,038,809
91$117,563,457$7,830,337$2,289,073$80,210,358
92$129,416,553$8,075,647$2,227,380$88,105,937
93$142,474,306$8,328,618$2,159,262$96,799,205
94$156,859,453$8,589,489$2,084,366$106,371,331
95$172,707,248$8,858,504$2,002,322$116,911,758
96$190,166,734$9,135,917$1,912,747$128,519,048
97$209,402,153$9,421,990$1,815,236$141,301,809
98$230,594,494$9,716,989$1,709,368$155,379,726
99$253,943,205$10,021,193$1,594,704$170,884,684
100$279,668,067$10,334,888$1,470,783$187,962,015