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%14.3%
1 years$158,552$157,140$155,762$154,417$153,103$150,382
2 years$78,491$77,029$75,612$74,239$72,906$70,173
3 years$51,808$50,339$48,926$47,566$46,255$43,596
4 years$38,468$37,005$35,606$34,268$32,989$30,425
5 years$30,467$29,012$27,632$26,321$25,078$22,615
6 years$25,135$23,691$22,330$21,049$19,843$17,485
7 years$21,327$19,895$18,557$17,306$16,138$13,885
8 years$18,473$17,054$15,738$14,517$13,388$11,240
9 years$16,254$14,849$13,555$12,366$11,275$9,230
10 years$14,480$13,088$11,817$10,659$9,607$7,664
11 years$13,029$11,652$10,404$9,277$8,262$6,419
12 years$11,822$10,458$9,233$8,137$7,160$5,414
13 years$10,800$9,451$8,249$7,184$6,243$4,592
14 years$9,926$8,591$7,412$6,377$5,473$3,913
15 years$9,168$7,848$6,692$5,687$4,819$3,347
16 years$8,506$7,200$6,067$5,092$4,259$2,872
17 years$7,923$6,631$5,521$4,575$3,776$2,472
18 years$7,405$6,127$5,040$4,123$3,358$2,132
19 years$6,942$5,679$4,614$3,726$2,993$1,842
20 years$6,525$5,277$4,234$3,374$2,673$1,595
21 years$6,149$4,915$3,895$3,062$2,392$1,382
22 years$5,808$4,588$3,590$2,784$2,144$1,200
23 years$5,497$4,291$3,314$2,536$1,925$1,042
24 years$5,212$4,021$3,065$2,313$1,730$906
25 years$4,950$3,773$2,839$2,112$1,557$789
26 years$4,709$3,546$2,633$1,931$1,402$687
27 years$4,486$3,337$2,445$1,768$1,264$599
28 years$4,279$3,145$2,273$1,620$1,141$522
29 years$4,087$2,967$2,115$1,485$1,030$455
30 years$3,908$2,802$1,970$1,363$931$397
31 years$3,741$2,649$1,837$1,252$841$347
32 years$3,585$2,506$1,714$1,151$761$303
33 years$3,438$2,373$1,600$1,058$689$264
34 years$3,301$2,249$1,495$973$624$231
35 years$3,171$2,134$1,398$896$565$202
36 years$3,049$2,025$1,308$825$512$176
37 years$2,934$1,923$1,224$760$464$154
38 years$2,825$1,828$1,146$701$421$135
39 years$2,723$1,738$1,074$646$381$118
40 years$2,625$1,654$1,006$596$346$103
41 years$2,532$1,574$944$550$314$90
42 years$2,444$1,499$885$508$285$79
43 years$2,361$1,428$831$469$258$69
44 years$2,281$1,362$780$433$235$60
45 years$2,205$1,298$732$400$213$53
46 years$2,133$1,239$688$369$193$46
47 years$2,064$1,182$646$341$176$40
48 years$1,998$1,128$607$315$159$35
49 years$1,935$1,078$571$291$145$31
50 years$1,875$1,029$536$269$132$27

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 $3,276 every year, while hoping to spend $33,886 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: 65/16/19 Blend
46$1,920,000$1,920,000$1,920,000$1,920,000
47$2,119,219$2,017,459$1,987,699$2,246,650
48$2,299,325$2,080,260$2,018,233$2,395,370
49$2,496,666$2,145,003$2,048,653$2,553,657
50$2,712,964$2,211,746$2,078,922$2,725,832
51$2,950,117$2,280,552$2,108,995$2,913,255
52$3,210,212$2,351,482$2,138,830$3,117,425
53$3,495,552$2,424,603$2,168,379$3,339,992
54$3,808,669$2,499,980$2,197,591$3,582,773
55$4,152,357$2,577,683$2,226,414$3,847,768
56$4,529,690$2,657,781$2,254,791$4,137,181
57$4,944,056$2,740,350$2,282,664$4,453,440
58$5,399,185$2,825,462$2,309,969$4,799,217
59$5,899,188$2,913,197$2,336,639$5,177,457
60$6,448,595$3,003,633$2,362,606$5,591,403
61$7,052,393$3,096,853$2,387,795$6,044,629
62$7,716,080$3,192,940$2,412,128$6,541,069
63$8,445,708$3,291,983$2,435,523$7,085,061
64$9,247,951$3,394,071$2,457,894$7,681,380
65$10,130,157$3,499,295$2,479,148$8,335,288
66$11,100,423$3,607,751$2,499,190$9,052,584
67$12,167,672$3,719,537$2,517,919$9,839,654
68$13,341,734$3,834,753$2,535,227$10,703,536
69$14,633,437$3,953,502$2,551,004$11,651,982
70$16,054,716$4,075,892$2,565,131$12,693,535
71$17,618,719$4,202,032$2,577,485$13,837,608
72$19,339,932$4,332,036$2,587,934$15,094,572
73$21,234,318$4,466,018$2,596,343$16,475,852
74$23,319,465$4,604,100$2,602,568$17,994,039
75$25,614,754$4,746,404$2,606,457$19,663,007
76$28,141,538$4,893,058$2,607,853$21,498,043
77$30,923,348$5,044,190$2,606,588$23,515,989
78$33,986,110$5,199,937$2,602,490$25,735,406
79$37,358,395$5,360,435$2,595,375$28,176,746
80$41,071,683$5,525,828$2,585,051$30,862,545
81$45,160,661$5,696,260$2,571,318$33,817,636
82$49,663,555$5,871,884$2,553,963$37,069,382
83$54,622,485$6,052,853$2,532,768$40,647,938
84$60,083,862$6,239,326$2,507,499$44,586,529
85$66,098,831$6,431,468$2,477,916$48,921,770
86$72,723,749$6,629,447$2,443,763$53,694,009
87$80,020,718$6,833,437$2,404,776$58,947,707
88$88,058,171$7,043,615$2,360,675$64,731,858
89$96,911,517$7,260,165$2,311,171$71,100,451
90$106,663,854$7,483,276$2,255,958$78,112,981
91$117,406,752$7,713,141$2,194,717$85,835,010
92$129,241,115$7,949,959$2,127,114$94,338,784
93$142,278,138$8,193,936$2,052,802$103,703,918
94$156,640,352$8,445,283$1,971,414$114,018,145
95$172,462,782$8,704,216$1,882,571$125,378,146
96$189,894,220$8,970,957$1,785,872$137,890,460
97$209,098,633$9,245,736$1,680,901$151,672,492
98$230,256,705$9,528,789$1,567,222$166,853,622
99$253,567,545$9,820,356$1,444,380$183,576,423
100$279,250,568$10,120,686$1,311,900$201,998,010