Can I retire at age 47 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$163,507$162,050$160,629$159,242$157,888$155,915
2 years$80,944$79,436$77,975$76,559$75,185$73,200
3 years$53,427$51,913$50,455$49,052$47,700$45,764
4 years$39,671$38,161$36,718$35,339$34,020$32,149
5 years$31,419$29,919$28,495$27,144$25,862$24,060
6 years$25,920$24,431$23,028$21,707$20,463$18,734
7 years$21,994$20,517$19,137$17,847$16,642$14,985
8 years$19,050$17,587$16,229$14,971$13,806$12,222
9 years$16,762$15,313$13,978$12,752$11,627$10,114
10 years$14,932$13,497$12,187$10,992$9,907$8,465
11 years$13,437$12,016$10,729$9,567$8,520$7,147
12 years$12,191$10,785$9,522$8,391$7,383$6,079
13 years$11,138$9,746$8,507$7,408$6,438$5,200
14 years$10,236$8,859$7,644$6,576$5,644$4,470
15 years$9,455$8,093$6,901$5,865$4,969$3,858
16 years$8,772$7,425$6,257$5,251$4,392$3,341
17 years$8,170$6,838$5,693$4,718$3,894$2,901
18 years$7,636$6,319$5,197$4,252$3,463$2,526
19 years$7,159$5,856$4,758$3,842$3,086$2,204
20 years$6,729$5,442$4,367$3,480$2,757$1,926
21 years$6,342$5,069$4,016$3,158$2,467$1,686
22 years$5,989$4,732$3,702$2,871$2,211$1,478
23 years$5,668$4,425$3,418$2,615$1,985$1,297
24 years$5,375$4,146$3,161$2,385$1,784$1,139
25 years$5,105$3,891$2,928$2,178$1,605$1,002
26 years$4,856$3,657$2,715$1,992$1,446$882
27 years$4,626$3,442$2,521$1,823$1,304$776
28 years$4,413$3,243$2,344$1,670$1,176$684
29 years$4,215$3,059$2,181$1,532$1,062$603
30 years$4,030$2,889$2,032$1,406$960$532
31 years$3,858$2,731$1,894$1,291$868$469
32 years$3,697$2,584$1,767$1,186$785$414
33 years$3,546$2,448$1,650$1,091$710$366
34 years$3,404$2,320$1,542$1,004$643$323
35 years$3,270$2,200$1,441$924$583$285
36 years$3,145$2,088$1,348$851$528$252
37 years$3,026$1,983$1,262$784$478$223
38 years$2,914$1,885$1,182$723$434$197
39 years$2,808$1,792$1,107$666$393$174
40 years$2,707$1,705$1,038$615$357$154
41 years$2,612$1,623$973$567$324$136
42 years$2,521$1,546$913$523$294$120
43 years$2,435$1,473$857$483$267$106
44 years$2,353$1,404$804$446$242$94
45 years$2,274$1,339$755$412$220$83
46 years$2,200$1,277$709$381$199$74
47 years$2,129$1,219$666$352$181$65
48 years$2,060$1,164$626$325$164$58
49 years$1,995$1,111$588$300$149$51
50 years$1,933$1,061$553$278$136$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,980,000, adding $6,055 every year, while hoping to spend $45,966 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: 44/36/20 Blend
46$1,980,000$1,980,000$1,980,000$1,980,000
47$2,188,206$2,083,266$2,052,576$2,271,577
48$2,362,495$2,136,438$2,072,430$2,384,088
49$2,553,022$2,190,676$2,091,408$2,500,982
50$2,761,393$2,245,982$2,109,433$2,626,738
51$2,989,378$2,302,358$2,126,423$2,762,199
52$3,238,928$2,359,807$2,142,291$2,908,293
53$3,512,187$2,418,326$2,156,946$3,066,040
54$3,811,520$2,477,914$2,170,294$3,236,567
55$4,139,529$2,538,566$2,182,233$3,421,113
56$4,499,081$2,600,276$2,192,657$3,621,044
57$4,893,333$2,663,035$2,201,457$3,837,864
58$5,325,762$2,726,832$2,208,515$4,073,233
59$5,800,198$2,791,655$2,213,708$4,328,976
60$6,320,860$2,857,488$2,216,909$4,607,107
61$6,892,393$2,924,311$2,217,981$4,909,844
62$7,519,918$2,992,102$2,216,784$5,239,631
63$8,209,072$3,060,837$2,213,168$5,599,162
64$8,966,066$3,130,488$2,206,979$5,991,406
65$9,797,744$3,201,020$2,198,051$6,419,636
66$10,711,642$3,272,398$2,186,214$6,887,456
67$11,716,066$3,344,582$2,171,288$7,398,842
68$12,820,163$3,417,526$2,153,086$7,958,173
69$14,034,014$3,491,179$2,131,408$8,570,277
70$15,368,723$3,565,486$2,106,050$9,240,475
71$16,836,525$3,640,386$2,076,794$9,974,632
72$18,450,898$3,715,813$2,043,414$10,779,211
73$20,226,694$3,791,692$2,005,673$11,661,337
74$22,180,276$3,867,944$1,963,323$12,628,864
75$24,329,673$3,944,483$1,916,103$13,690,446
76$26,694,749$4,021,212$1,863,742$14,855,623
77$29,297,392$4,098,029$1,805,955$16,134,912
78$32,161,717$4,174,824$1,742,446$17,539,901
79$35,314,297$4,251,476$1,672,903$19,083,367
80$38,784,411$4,327,854$1,597,001$20,779,389
81$42,604,321$4,403,818$1,514,400$22,643,488
82$46,809,574$4,479,217$1,424,745$24,692,770
83$51,439,340$4,553,889$1,327,664$26,946,090
84$56,536,781$4,627,658$1,222,769$29,424,229
85$62,149,456$4,700,337$1,109,655$32,150,095
86$68,329,771$4,771,723$987,899$35,148,933
87$75,135,471$4,841,601$857,057$38,448,571
88$82,630,189$4,909,739$716,668$42,079,680
89$90,884,041$4,975,890$566,249$46,076,066
90$99,974,292$5,039,787$405,297$50,474,989
91$109,986,081$5,101,147$233,286$55,317,515
92$121,013,226$5,159,669$49,666$60,648,907
93$133,159,110$5,215,027$0$66,519,054
94$146,537,654$5,266,878$0$73,014,159
95$161,274,393$5,314,854$0$80,176,944
96$177,507,661$5,358,562$0$88,063,727
97$195,389,896$5,397,585$0$96,748,264
98$215,089,078$5,431,479$0$106,311,834
99$236,790,312$5,459,770$0$116,844,014
100$260,697,580$5,481,954$0$128,443,518