Can I retire at age 47 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$159,378$157,958$156,573$155,221$153,901$152,357
2 years$78,900$77,430$76,006$74,625$73,286$71,731
3 years$52,077$50,602$49,181$47,813$46,496$44,978
4 years$38,669$37,198$35,791$34,447$33,161$31,692
5 years$30,626$29,163$27,775$26,458$25,209$23,793
6 years$25,265$23,814$22,447$21,159$19,947$18,586
7 years$21,438$19,999$18,653$17,396$16,222$14,916
8 years$18,569$17,143$15,819$14,593$13,458$12,208
9 years$16,339$14,926$13,625$12,430$11,333$10,138
10 years$14,555$13,156$11,879$10,715$9,657$8,516
11 years$13,097$11,712$10,458$9,325$8,305$7,217
12 years$11,883$10,512$9,281$8,179$7,197$6,161
13 years$10,857$9,500$8,292$7,221$6,276$5,291
14 years$9,977$8,635$7,451$6,410$5,501$4,566
15 years$9,216$7,889$6,727$5,717$4,844$3,957
16 years$8,551$7,238$6,099$5,119$4,281$3,441
17 years$7,964$6,666$5,550$4,599$3,796$3,001
18 years$7,443$6,159$5,066$4,145$3,375$2,624
19 years$6,978$5,708$4,638$3,745$3,008$2,299
20 years$6,559$5,305$4,256$3,392$2,687$2,019
21 years$6,181$4,941$3,915$3,078$2,405$1,775
22 years$5,838$4,612$3,608$2,799$2,155$1,563
23 years$5,525$4,314$3,332$2,549$1,935$1,378
24 years$5,239$4,042$3,081$2,325$1,739$1,216
25 years$4,976$3,793$2,854$2,123$1,565$1,074
26 years$4,733$3,565$2,647$1,941$1,410$950
27 years$4,509$3,355$2,458$1,777$1,271$840
28 years$4,302$3,161$2,285$1,628$1,147$744
29 years$4,108$2,982$2,126$1,493$1,035$659
30 years$3,929$2,816$1,980$1,370$936$584
31 years$3,761$2,662$1,846$1,258$846$518
32 years$3,604$2,519$1,723$1,157$765$459
33 years$3,456$2,386$1,608$1,064$692$408
34 years$3,318$2,261$1,503$979$627$362
35 years$3,188$2,145$1,405$901$568$321
36 years$3,065$2,036$1,314$830$515$285
37 years$2,950$1,933$1,230$764$466$253
38 years$2,840$1,837$1,152$705$423$225
39 years$2,737$1,747$1,079$650$383$200
40 years$2,639$1,662$1,012$599$348$178
41 years$2,546$1,582$949$553$315$158
42 years$2,457$1,507$890$510$286$140
43 years$2,373$1,436$835$471$260$125
44 years$2,293$1,369$784$435$236$111
45 years$2,217$1,305$736$402$214$99
46 years$2,144$1,245$691$371$194$88
47 years$2,075$1,188$649$343$176$78
48 years$2,008$1,134$610$317$160$69
49 years$1,945$1,083$574$293$146$62
50 years$1,884$1,035$539$271$132$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,930,000, adding $6,071 every year, while hoping to spend $28,364 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: 50/31/19 Blend
46$1,930,000$1,930,000$1,930,000$1,930,000
47$2,133,122$2,030,832$2,000,917$2,228,212
48$2,320,522$2,100,164$2,037,769$2,363,896
49$2,526,085$2,171,942$2,074,904$2,507,864
50$2,751,635$2,246,257$2,112,303$2,663,724
51$2,999,181$2,323,202$2,149,944$2,832,607
52$3,270,932$2,402,874$2,187,802$3,015,761
53$3,569,326$2,485,373$2,225,852$3,214,553
54$3,897,045$2,570,805$2,264,066$3,430,493
55$4,257,048$2,659,278$2,302,416$3,665,238
56$4,652,589$2,750,905$2,340,870$3,920,614
57$5,087,257$2,845,803$2,379,393$4,198,629
58$5,565,004$2,944,095$2,417,950$4,501,494
59$6,090,186$3,045,907$2,456,502$4,831,642
60$6,667,599$3,151,370$2,495,009$5,191,750
61$7,302,528$3,260,622$2,533,426$5,584,768
62$8,000,798$3,373,804$2,571,708$6,013,941
63$8,768,824$3,491,065$2,609,804$6,482,842
64$9,613,674$3,612,558$2,647,663$6,995,407
65$10,543,138$3,738,442$2,685,229$7,555,968
66$11,565,797$3,868,884$2,722,443$8,169,296
67$12,691,105$4,004,057$2,759,242$8,840,644
68$13,929,482$4,144,139$2,795,560$9,575,799
69$15,292,405$4,289,318$2,831,327$10,381,131
70$16,792,522$4,439,787$2,866,469$11,263,660
71$18,443,771$4,595,748$2,900,907$12,231,115
72$20,261,508$4,757,411$2,934,559$13,292,007
73$22,262,652$4,924,995$2,967,338$14,455,716
74$24,465,849$5,098,726$2,999,150$15,732,570
75$26,891,642$5,278,841$3,029,899$17,133,946
76$29,562,671$5,465,585$3,059,481$18,672,378
77$32,503,879$5,659,214$3,087,789$20,361,673
78$35,742,753$5,859,994$3,114,709$22,217,040
79$39,309,582$6,068,202$3,140,119$24,255,235
80$43,237,741$6,284,126$3,163,895$26,494,716
81$47,564,008$6,508,065$3,185,903$28,955,819
82$52,328,908$6,740,332$3,206,002$31,660,949
83$57,577,100$6,981,251$3,224,046$34,634,788
84$63,357,792$7,231,161$3,239,880$37,904,531
85$69,725,212$7,490,412$3,253,341$41,500,139
86$76,739,113$7,759,372$3,264,258$45,454,623
87$84,465,343$8,038,422$3,272,451$49,804,353
88$92,976,462$8,327,959$3,277,732$54,589,402
89$102,352,429$8,628,396$3,279,903$59,853,924
90$112,681,353$8,940,164$3,278,757$65,646,566
91$124,060,331$9,263,712$3,274,075$72,020,932
92$136,596,357$9,599,506$3,265,629$79,036,082
93$150,407,336$9,948,033$3,253,178$86,757,094
94$165,623,198$10,309,800$3,236,473$95,255,675
95$182,387,118$10,685,334$3,215,248$104,610,834
96$200,856,874$11,075,185$3,189,229$114,909,632
97$221,206,332$11,479,926$3,158,126$126,248,000
98$243,627,090$11,900,155$3,121,635$138,731,642
99$268,330,284$12,336,493$3,079,440$152,477,033
100$295,548,579$12,789,588$3,031,208$167,612,521