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%12.7%
1 years$164,332$162,869$161,440$160,046$158,685$156,898
2 years$81,353$79,838$78,369$76,945$75,564$73,765
3 years$53,696$52,175$50,710$49,300$47,941$46,185
4 years$39,871$38,354$36,904$35,518$34,192$32,494
5 years$31,578$30,070$28,639$27,281$25,992$24,356
6 years$26,051$24,554$23,145$21,817$20,567$18,995
7 years$22,105$20,621$19,233$17,937$16,726$15,220
8 years$19,146$17,676$16,311$15,047$13,876$12,434
9 years$16,847$15,390$14,049$12,816$11,686$10,308
10 years$15,008$13,565$12,248$11,048$9,957$8,643
11 years$13,504$12,077$10,783$9,615$8,563$7,311
12 years$12,253$10,839$9,570$8,434$7,421$6,230
13 years$11,194$9,796$8,550$7,446$6,471$5,340
14 years$10,288$8,904$7,682$6,609$5,672$4,599
15 years$9,503$8,134$6,936$5,894$4,994$3,977
16 years$8,816$7,463$6,288$5,278$4,414$3,452
17 years$8,212$6,873$5,722$4,742$3,914$3,004
18 years$7,675$6,351$5,224$4,274$3,480$2,621
19 years$7,195$5,886$4,782$3,862$3,102$2,292
20 years$6,763$5,469$4,389$3,497$2,771$2,007
21 years$6,374$5,095$4,037$3,174$2,479$1,761
22 years$6,020$4,756$3,720$2,886$2,222$1,547
23 years$5,697$4,448$3,435$2,628$1,995$1,361
24 years$5,402$4,167$3,177$2,397$1,793$1,198
25 years$5,131$3,911$2,943$2,189$1,614$1,056
26 years$4,881$3,676$2,729$2,002$1,453$932
27 years$4,649$3,459$2,534$1,832$1,310$822
28 years$4,435$3,259$2,356$1,679$1,182$726
29 years$4,236$3,075$2,192$1,539$1,068$642
30 years$4,051$2,904$2,042$1,413$965$567
31 years$3,878$2,745$1,904$1,298$872$502
32 years$3,716$2,598$1,776$1,192$789$444
33 years$3,564$2,460$1,658$1,097$714$393
34 years$3,421$2,331$1,550$1,009$646$348
35 years$3,287$2,211$1,449$929$586$308
36 years$3,161$2,099$1,355$855$530$273
37 years$3,041$1,993$1,269$788$481$242
38 years$2,928$1,894$1,188$726$436$214
39 years$2,822$1,801$1,113$670$395$190
40 years$2,721$1,714$1,043$618$359$168
41 years$2,625$1,632$978$570$325$149
42 years$2,534$1,554$918$526$295$132
43 years$2,447$1,480$861$486$268$117
44 years$2,364$1,411$808$448$243$104
45 years$2,286$1,346$759$414$221$92
46 years$2,211$1,284$713$382$200$82
47 years$2,139$1,225$670$353$182$73
48 years$2,071$1,170$629$327$165$64
49 years$2,006$1,117$591$302$150$57
50 years$1,943$1,067$556$279$136$51

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 $5,798 every year, while hoping to spend $36,609 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: 41/34/25 Blend
46$1,990,000$1,990,000$1,990,000$1,990,000
47$2,198,961$2,093,491$2,062,646$2,272,735
48$2,384,303$2,157,120$2,092,793$2,389,964
49$2,587,323$2,222,640$2,122,722$2,512,876
50$2,809,786$2,290,105$2,152,389$2,645,201
51$3,053,634$2,359,571$2,181,745$2,787,824
52$3,321,008$2,431,093$2,210,737$2,941,719
53$3,614,266$2,504,731$2,239,311$3,107,958
54$3,936,003$2,580,545$2,267,410$3,287,721
55$4,289,079$2,658,595$2,294,972$3,482,305
56$4,676,644$2,738,946$2,321,932$3,693,141
57$5,102,169$2,821,661$2,348,224$3,921,801
58$5,569,475$2,906,807$2,373,774$4,170,017
59$6,082,773$2,994,453$2,398,508$4,439,697
60$6,646,702$3,084,667$2,422,343$4,732,941
61$7,266,371$3,177,521$2,445,198$5,052,062
62$7,947,410$3,273,089$2,466,981$5,399,605
63$8,696,021$3,371,446$2,487,600$5,778,376
64$9,519,037$3,472,668$2,506,956$6,191,465
65$10,423,985$3,576,835$2,524,946$6,642,274
66$11,419,159$3,684,027$2,541,459$7,134,550
67$12,513,696$3,794,327$2,556,381$7,672,422
68$13,717,664$3,907,821$2,569,591$8,260,439
69$15,042,156$4,024,594$2,580,962$8,903,609
70$16,499,392$4,144,735$2,590,360$9,607,453
71$18,102,839$4,268,336$2,597,646$10,378,051
72$19,867,333$4,395,489$2,602,672$11,222,101
73$21,809,223$4,526,291$2,605,284$12,146,985
74$23,946,522$4,660,837$2,605,319$13,160,833
75$26,299,077$4,799,227$2,602,606$14,272,606
76$28,888,758$4,941,564$2,596,969$15,492,175
77$31,739,662$5,087,952$2,588,218$16,830,415
78$34,878,343$5,238,497$2,576,159$18,299,313
79$38,334,058$5,393,307$2,560,584$19,912,072
80$42,139,046$5,552,494$2,541,278$21,683,244
81$46,328,833$5,716,171$2,518,015$23,628,862
82$50,942,565$5,884,453$2,490,559$25,766,592
83$56,023,374$6,057,459$2,458,661$28,115,901
84$61,618,794$6,235,310$2,422,061$30,698,242
85$67,781,198$6,418,128$2,380,488$33,537,253
86$74,568,303$6,606,038$2,333,657$36,658,981
87$82,043,705$6,799,169$2,281,269$40,092,130
88$90,277,485$6,997,651$2,223,014$43,868,331
89$99,346,868$7,201,616$2,158,565$48,022,437
90$109,336,953$7,411,199$2,087,581$52,592,859
91$120,341,512$7,626,538$2,009,705$57,621,923
92$132,463,881$7,847,773$1,924,564$63,156,270
93$145,817,928$8,075,045$1,831,769$69,247,299
94$160,529,134$8,308,500$1,730,911$75,951,652
95$176,735,773$8,548,284$1,621,564$83,331,746
96$194,590,219$8,794,546$1,503,282$91,456,366
97$214,260,381$9,047,438$1,375,602$100,401,309
98$235,931,291$9,307,114$1,238,036$110,250,107
99$259,806,849$9,573,729$1,090,076$121,094,810
100$286,111,747$9,847,441$931,193$133,036,858