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

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$159,378$157,958$156,573$155,221$153,901$149,816
2 years$78,900$77,430$76,006$74,625$73,286$69,199
3 years$52,077$50,602$49,181$47,813$46,496$42,534
4 years$38,669$37,198$35,791$34,447$33,161$29,356
5 years$30,626$29,163$27,775$26,458$25,209$21,570
6 years$25,265$23,814$22,447$21,159$19,947$16,479
7 years$21,438$19,999$18,653$17,396$16,222$12,925
8 years$18,569$17,143$15,819$14,593$13,458$10,329
9 years$16,339$14,926$13,625$12,430$11,333$8,371
10 years$14,555$13,156$11,879$10,715$9,657$6,856
11 years$13,097$11,712$10,458$9,325$8,305$5,663
12 years$11,883$10,512$9,281$8,179$7,197$4,708
13 years$10,857$9,500$8,292$7,221$6,276$3,935
14 years$9,977$8,635$7,451$6,410$5,501$3,303
15 years$9,216$7,889$6,727$5,717$4,844$2,783
16 years$8,551$7,238$6,099$5,119$4,281$2,351
17 years$7,964$6,666$5,550$4,599$3,796$1,991
18 years$7,443$6,159$5,066$4,145$3,375$1,690
19 years$6,978$5,708$4,638$3,745$3,008$1,437
20 years$6,559$5,305$4,256$3,392$2,687$1,223
21 years$6,181$4,941$3,915$3,078$2,405$1,043
22 years$5,838$4,612$3,608$2,799$2,155$890
23 years$5,525$4,314$3,332$2,549$1,935$760
24 years$5,239$4,042$3,081$2,325$1,739$649
25 years$4,976$3,793$2,854$2,123$1,565$555
26 years$4,733$3,565$2,647$1,941$1,410$475
27 years$4,509$3,355$2,458$1,777$1,271$407
28 years$4,302$3,161$2,285$1,628$1,147$348
29 years$4,108$2,982$2,126$1,493$1,035$298
30 years$3,929$2,816$1,980$1,370$936$256
31 years$3,761$2,662$1,846$1,258$846$219
32 years$3,604$2,519$1,723$1,157$765$188
33 years$3,456$2,386$1,608$1,064$692$161
34 years$3,318$2,261$1,503$979$627$138
35 years$3,188$2,145$1,405$901$568$118
36 years$3,065$2,036$1,314$830$515$102
37 years$2,950$1,933$1,230$764$466$87
38 years$2,840$1,837$1,152$705$423$75
39 years$2,737$1,747$1,079$650$383$64
40 years$2,639$1,662$1,012$599$348$55
41 years$2,546$1,582$949$553$315$47
42 years$2,457$1,507$890$510$286$41
43 years$2,373$1,436$835$471$260$35
44 years$2,293$1,369$784$435$236$30
45 years$2,217$1,305$736$402$214$26
46 years$2,144$1,245$691$371$194$22
47 years$2,075$1,188$649$343$176$19
48 years$2,008$1,134$610$317$160$16
49 years$1,945$1,083$574$293$146$14
50 years$1,884$1,035$539$271$132$12

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 $5,523 every year, while hoping to spend $50,736 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: 51/21/28 Blend
46$1,930,000$1,930,000$1,930,000$1,930,000
47$2,132,557$2,030,267$2,000,352$2,224,241
48$2,296,095$2,075,767$2,013,381$2,334,224
49$2,474,614$2,121,797$2,025,146$2,448,222
50$2,669,587$2,168,328$2,035,551$2,571,188
51$2,882,638$2,215,329$2,044,496$2,703,999
52$3,115,555$2,262,768$2,051,874$2,847,622
53$3,370,304$2,310,605$2,057,574$3,003,121
54$3,649,051$2,358,802$2,061,479$3,171,672
55$3,954,183$2,407,311$2,063,467$3,354,571
56$4,288,325$2,456,085$2,063,409$3,553,244
57$4,654,370$2,505,069$2,061,169$3,769,268
58$5,055,504$2,554,206$2,056,606$4,004,379
59$5,495,235$2,603,432$2,049,572$4,260,491
60$5,977,427$2,652,678$2,039,911$4,539,716
61$6,506,335$2,701,869$2,027,458$4,844,383
62$7,086,647$2,750,927$2,012,044$5,177,058
63$7,723,525$2,799,763$1,993,488$5,540,573
64$8,422,658$2,848,284$1,971,603$5,938,050
65$9,190,309$2,896,390$1,946,191$6,372,929
66$10,033,379$2,943,972$1,917,047$6,849,006
67$10,959,471$2,990,914$1,883,956$7,370,466
68$11,976,959$3,037,090$1,846,690$7,941,922
69$13,095,069$3,082,367$1,805,014$8,568,463
70$14,323,964$3,126,602$1,758,680$9,255,697
71$15,674,843$3,169,639$1,707,430$10,009,809
72$17,160,041$3,211,316$1,650,993$10,837,618
73$18,793,149$3,251,455$1,589,086$11,746,641
74$20,589,142$3,289,868$1,521,412$12,745,169
75$22,564,518$3,326,355$1,447,663$13,842,339
76$24,737,454$3,360,701$1,367,515$15,048,227
77$27,127,977$3,392,678$1,280,629$16,373,940
78$29,758,153$3,422,042$1,186,653$17,831,725
79$32,652,296$3,448,533$1,085,217$19,435,083
80$35,837,194$3,471,875$975,935$21,198,896
81$39,342,364$3,491,773$858,405$23,139,572
82$43,200,329$3,507,913$732,205$25,275,201
83$47,446,925$3,519,964$596,897$27,625,722
84$52,121,639$3,527,570$452,021$30,213,118
85$57,267,981$3,530,356$297,098$33,061,619
86$62,933,892$3,527,920$131,628$36,197,938
87$69,172,201$3,519,840$0$39,651,522
88$76,041,117$3,505,664$0$43,468,260
89$83,604,783$3,484,914$0$47,713,341
90$91,933,879$3,457,082$0$52,387,008
91$101,106,287$3,421,631$0$57,532,913
92$111,207,827$3,377,991$0$63,199,163
93$122,333,069$3,325,556$0$69,438,771
94$134,586,220$3,263,685$0$76,310,163
95$148,082,110$3,191,702$0$83,877,724
96$162,947,276$3,108,886$0$92,212,411
97$179,321,154$3,014,477$0$101,392,420
98$197,357,395$2,907,670$0$111,503,928
99$217,225,315$2,787,612$0$122,641,903
100$239,111,493$2,653,401$0$134,911,008