Can I retire at age 47 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$158,552$157,140$155,762$154,417$153,103$147,145
2 years$78,491$77,029$75,612$74,239$72,906$66,975
3 years$51,808$50,339$48,926$47,566$46,255$40,538
4 years$38,468$37,005$35,606$34,268$32,989$27,530
5 years$30,467$29,012$27,632$26,321$25,078$19,890
6 years$25,135$23,691$22,330$21,049$19,843$14,931
7 years$21,327$19,895$18,557$17,306$16,138$11,499
8 years$18,473$17,054$15,738$14,517$13,388$9,018
9 years$16,254$14,849$13,555$12,366$11,275$7,167
10 years$14,480$13,088$11,817$10,659$9,607$5,753
11 years$13,029$11,652$10,404$9,277$8,262$4,654
12 years$11,822$10,458$9,233$8,137$7,160$3,788
13 years$10,800$9,451$8,249$7,184$6,243$3,098
14 years$9,926$8,591$7,412$6,377$5,473$2,543
15 years$9,168$7,848$6,692$5,687$4,819$2,095
16 years$8,506$7,200$6,067$5,092$4,259$1,729
17 years$7,923$6,631$5,521$4,575$3,776$1,431
18 years$7,405$6,127$5,040$4,123$3,358$1,186
19 years$6,942$5,679$4,614$3,726$2,993$984
20 years$6,525$5,277$4,234$3,374$2,673$817
21 years$6,149$4,915$3,895$3,062$2,392$680
22 years$5,808$4,588$3,590$2,784$2,144$566
23 years$5,497$4,291$3,314$2,536$1,925$471
24 years$5,212$4,021$3,065$2,313$1,730$392
25 years$4,950$3,773$2,839$2,112$1,557$327
26 years$4,709$3,546$2,633$1,931$1,402$273
27 years$4,486$3,337$2,445$1,768$1,264$228
28 years$4,279$3,145$2,273$1,620$1,141$190
29 years$4,087$2,967$2,115$1,485$1,030$158
30 years$3,908$2,802$1,970$1,363$931$132
31 years$3,741$2,649$1,837$1,252$841$110
32 years$3,585$2,506$1,714$1,151$761$92
33 years$3,438$2,373$1,600$1,058$689$77
34 years$3,301$2,249$1,495$973$624$64
35 years$3,171$2,134$1,398$896$565$54
36 years$3,049$2,025$1,308$825$512$45
37 years$2,934$1,923$1,224$760$464$37
38 years$2,825$1,828$1,146$701$421$31
39 years$2,723$1,738$1,074$646$381$26
40 years$2,625$1,654$1,006$596$346$22
41 years$2,532$1,574$944$550$314$18
42 years$2,444$1,499$885$508$285$15
43 years$2,361$1,428$831$469$258$13
44 years$2,281$1,362$780$433$235$11
45 years$2,205$1,298$732$400$213$9
46 years$2,133$1,239$688$369$193$7
47 years$2,064$1,182$646$341$176$6
48 years$1,998$1,128$607$315$159$5
49 years$1,935$1,078$571$291$145$4
50 years$1,875$1,029$536$269$132$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,920,000, adding $5,676 every year, while hoping to spend $55,381 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: 46/26/28 Blend
46$1,920,000$1,920,000$1,920,000$1,920,000
47$2,121,695$2,019,935$1,990,175$2,201,959
48$2,279,183$2,059,987$1,997,921$2,299,431
49$2,450,878$2,100,145$2,004,070$2,399,327
50$2,638,172$2,140,356$2,008,511$2,506,654
51$2,842,595$2,180,563$2,011,125$2,622,139
52$3,065,832$2,220,703$2,011,790$2,746,583
53$3,309,738$2,260,708$2,010,376$2,880,871
54$3,576,355$2,300,507$2,006,747$3,025,979
55$3,867,931$2,340,019$2,000,761$3,182,983
56$4,186,941$2,379,162$1,992,268$3,353,073
57$4,536,112$2,417,843$1,981,112$3,537,560
58$4,918,444$2,455,967$1,967,128$3,737,893
59$5,337,243$2,493,427$1,950,144$3,955,668
60$5,796,149$2,530,112$1,929,981$4,192,647
61$6,299,170$2,565,901$1,906,450$4,450,776
62$6,850,722$2,600,667$1,879,352$4,732,201
63$7,455,667$2,634,270$1,848,481$5,039,289
64$8,119,360$2,666,565$1,813,621$5,374,652
65$8,847,701$2,697,393$1,774,543$5,741,173
66$9,647,188$2,726,587$1,731,012$6,142,032
67$10,524,979$2,753,968$1,682,779$6,580,736
68$11,488,959$2,779,344$1,629,584$7,061,155
69$12,547,814$2,802,513$1,571,156$7,587,559
70$13,711,111$2,823,256$1,507,210$8,164,656
71$14,989,393$2,841,344$1,437,450$8,797,642
72$16,394,271$2,856,530$1,361,565$9,492,247
73$17,938,540$2,868,553$1,279,230$10,254,791
74$19,636,293$2,877,135$1,190,107$11,092,244
75$21,503,061$2,881,980$1,093,841$12,012,297
76$23,555,950$2,882,774$990,062$13,023,429
77$25,813,811$2,879,184$878,383$14,134,992
78$28,297,411$2,870,855$758,400$15,357,301
79$31,029,631$2,857,411$629,691$16,701,731
80$34,035,684$2,838,455$491,816$18,180,826
81$37,343,346$2,813,562$344,314$19,808,418
82$40,983,225$2,782,284$186,706$21,599,763
83$44,989,043$2,744,145$18,490$23,571,680
84$49,397,959$2,698,641$0$25,742,717
85$54,250,915$2,645,239$0$28,181,434
86$59,593,026$2,583,373$0$30,871,294
87$65,474,000$2,512,444$0$33,831,804
88$71,948,611$2,431,817$0$37,090,553
89$79,077,216$2,340,822$0$40,677,953
90$86,926,318$2,238,749$0$44,627,521
91$95,569,200$2,124,845$0$48,976,201
92$105,086,612$1,998,317$0$53,764,706
93$115,567,536$1,858,323$0$59,037,913
94$127,110,019$1,703,976$0$64,845,281
95$139,822,106$1,534,335$0$71,241,320
96$153,822,851$1,348,408$0$78,286,112
97$169,243,448$1,145,146$0$86,045,870
98$186,228,461$923,439$0$94,593,576
99$204,937,194$682,118$0$104,009,661
100$225,545,192$419,946$0$114,382,773