Can I retire at age 47 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$164,332$162,869$161,440$160,046$158,685$155,291
2 years$81,353$79,838$78,369$76,945$75,564$72,161
3 years$53,696$52,175$50,710$49,300$47,941$44,635
4 years$39,871$38,354$36,904$35,518$34,192$31,009
5 years$31,578$30,070$28,639$27,281$25,992$22,941
6 years$26,051$24,554$23,145$21,817$20,567$17,651
7 years$22,105$20,621$19,233$17,937$16,726$13,946
8 years$19,146$17,676$16,311$15,047$13,876$11,230
9 years$16,847$15,390$14,049$12,816$11,686$9,173
10 years$15,008$13,565$12,248$11,048$9,957$7,574
11 years$13,504$12,077$10,783$9,615$8,563$6,308
12 years$12,253$10,839$9,570$8,434$7,421$5,289
13 years$11,194$9,796$8,550$7,446$6,471$4,459
14 years$10,288$8,904$7,682$6,609$5,672$3,777
15 years$9,503$8,134$6,936$5,894$4,994$3,211
16 years$8,816$7,463$6,288$5,278$4,414$2,738
17 years$8,212$6,873$5,722$4,742$3,914$2,341
18 years$7,675$6,351$5,224$4,274$3,480$2,006
19 years$7,195$5,886$4,782$3,862$3,102$1,722
20 years$6,763$5,469$4,389$3,497$2,771$1,480
21 years$6,374$5,095$4,037$3,174$2,479$1,274
22 years$6,020$4,756$3,720$2,886$2,222$1,098
23 years$5,697$4,448$3,435$2,628$1,995$948
24 years$5,402$4,167$3,177$2,397$1,793$818
25 years$5,131$3,911$2,943$2,189$1,614$707
26 years$4,881$3,676$2,729$2,002$1,453$611
27 years$4,649$3,459$2,534$1,832$1,310$529
28 years$4,435$3,259$2,356$1,679$1,182$458
29 years$4,236$3,075$2,192$1,539$1,068$396
30 years$4,051$2,904$2,042$1,413$965$343
31 years$3,878$2,745$1,904$1,298$872$297
32 years$3,716$2,598$1,776$1,192$789$258
33 years$3,564$2,460$1,658$1,097$714$223
34 years$3,421$2,331$1,550$1,009$646$194
35 years$3,287$2,211$1,449$929$586$168
36 years$3,161$2,099$1,355$855$530$146
37 years$3,041$1,993$1,269$788$481$126
38 years$2,928$1,894$1,188$726$436$110
39 years$2,822$1,801$1,113$670$395$95
40 years$2,721$1,714$1,043$618$359$82
41 years$2,625$1,632$978$570$325$72
42 years$2,534$1,554$918$526$295$62
43 years$2,447$1,480$861$486$268$54
44 years$2,364$1,411$808$448$243$47
45 years$2,286$1,346$759$414$221$41
46 years$2,211$1,284$713$382$200$35
47 years$2,139$1,225$670$353$182$31
48 years$2,071$1,170$629$327$165$27
49 years$2,006$1,117$591$302$150$23
50 years$1,943$1,067$556$279$136$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,990,000, adding $3,673 every year, while hoping to spend $29,459 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: 37/45/18 Blend
46$1,990,000$1,990,000$1,990,000$1,990,000
47$2,196,769$2,091,299$2,060,454$2,265,965
48$2,389,495$2,162,428$2,098,135$2,387,446
49$2,600,892$2,236,056$2,136,091$2,515,523
50$2,832,833$2,312,272$2,174,300$2,653,248
51$3,087,382$2,391,173$2,212,738$2,801,502
52$3,366,810$2,472,857$2,251,381$2,961,255
53$3,673,623$2,557,425$2,290,201$3,133,571
54$4,010,578$2,644,984$2,329,168$3,319,618
55$4,380,713$2,735,644$2,368,251$3,520,682
56$4,787,375$2,829,520$2,407,416$3,738,175
57$5,234,251$2,926,730$2,446,629$3,973,650
58$5,725,403$3,027,399$2,485,849$4,228,815
59$6,265,306$3,131,653$2,525,037$4,505,548
60$6,858,891$3,239,628$2,564,150$4,805,913
61$7,511,589$3,351,461$2,603,140$5,132,182
62$8,229,384$3,467,296$2,641,958$5,486,854
63$9,018,871$3,587,282$2,680,553$5,872,679
64$9,887,313$3,711,576$2,718,868$6,292,682
65$10,842,714$3,840,338$2,756,846$6,750,191
66$11,893,893$3,973,738$2,794,422$7,248,871
67$13,050,567$4,111,948$2,831,532$7,792,752
68$14,323,442$4,255,150$2,868,106$8,386,274
69$15,724,314$4,403,534$2,904,069$9,034,321
70$17,266,182$4,557,294$2,939,342$9,742,271
71$18,963,366$4,716,636$2,973,844$10,516,045
72$20,831,649$4,881,770$3,007,487$11,362,162
73$22,888,418$5,052,918$3,040,179$12,287,797
74$25,152,833$5,230,307$3,071,822$13,300,855
75$27,646,008$5,414,178$3,102,313$14,410,036
76$30,391,205$5,604,777$3,131,545$15,624,923
77$33,414,059$5,802,363$3,159,403$16,956,069
78$36,742,818$6,007,203$3,185,768$18,415,096
79$40,408,606$6,219,577$3,210,512$20,014,804
80$44,445,723$6,439,775$3,233,503$21,769,289
81$48,891,961$6,668,099$3,254,600$23,694,079
82$53,788,969$6,904,863$3,273,657$25,806,275
83$59,182,637$7,150,394$3,290,518$28,124,716
84$65,123,536$7,405,033$3,305,020$30,670,150
85$71,667,391$7,669,134$3,316,992$33,465,436
86$78,875,609$7,943,066$3,326,255$36,535,752
87$86,815,856$8,227,211$3,332,620$39,908,835
88$95,562,699$8,521,971$3,335,889$43,615,240
89$105,198,306$8,827,759$3,335,853$47,688,628
90$115,813,224$9,145,010$3,332,295$52,166,083
91$127,507,232$9,474,174$3,324,985$57,088,458
92$140,390,281$9,815,720$3,313,684$62,500,764
93$154,583,537$10,170,138$3,298,140$68,452,588
94$170,220,519$10,537,935$3,278,088$74,998,562
95$187,448,360$10,919,643$3,253,253$82,198,877
96$206,429,200$11,315,813$3,223,344$90,119,852
97$227,341,711$11,727,020$3,188,058$98,834,553
98$250,382,785$12,153,863$3,147,077$108,423,485
99$275,769,393$12,596,966$3,100,068$118,975,349
100$303,740,633$13,056,980$3,046,683$130,587,877