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

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$164,332$162,869$161,440$160,046$158,685$153,360
2 years$81,353$79,838$78,369$76,945$75,564$70,252
3 years$53,696$52,175$50,710$49,300$47,941$42,808
4 years$39,871$38,354$36,904$35,518$34,192$29,278
5 years$31,578$30,070$28,639$27,281$25,992$21,310
6 years$26,051$24,554$23,145$21,817$20,567$16,120
7 years$22,105$20,621$19,233$17,937$16,726$12,514
8 years$19,146$17,676$16,311$15,047$13,876$9,896
9 years$16,847$15,390$14,049$12,816$11,686$7,932
10 years$15,008$13,565$12,248$11,048$9,957$6,424
11 years$13,504$12,077$10,783$9,615$8,563$5,245
12 years$12,253$10,839$9,570$8,434$7,421$4,309
13 years$11,194$9,796$8,550$7,446$6,471$3,558
14 years$10,288$8,904$7,682$6,609$5,672$2,950
15 years$9,503$8,134$6,936$5,894$4,994$2,454
16 years$8,816$7,463$6,288$5,278$4,414$2,046
17 years$8,212$6,873$5,722$4,742$3,914$1,710
18 years$7,675$6,351$5,224$4,274$3,480$1,432
19 years$7,195$5,886$4,782$3,862$3,102$1,201
20 years$6,763$5,469$4,389$3,497$2,771$1,009
21 years$6,374$5,095$4,037$3,174$2,479$848
22 years$6,020$4,756$3,720$2,886$2,222$714
23 years$5,697$4,448$3,435$2,628$1,995$601
24 years$5,402$4,167$3,177$2,397$1,793$506
25 years$5,131$3,911$2,943$2,189$1,614$427
26 years$4,881$3,676$2,729$2,002$1,453$360
27 years$4,649$3,459$2,534$1,832$1,310$304
28 years$4,435$3,259$2,356$1,679$1,182$256
29 years$4,236$3,075$2,192$1,539$1,068$216
30 years$4,051$2,904$2,042$1,413$965$183
31 years$3,878$2,745$1,904$1,298$872$154
32 years$3,716$2,598$1,776$1,192$789$130
33 years$3,564$2,460$1,658$1,097$714$110
34 years$3,421$2,331$1,550$1,009$646$93
35 years$3,287$2,211$1,449$929$586$79
36 years$3,161$2,099$1,355$855$530$66
37 years$3,041$1,993$1,269$788$481$56
38 years$2,928$1,894$1,188$726$436$47
39 years$2,822$1,801$1,113$670$395$40
40 years$2,721$1,714$1,043$618$359$34
41 years$2,625$1,632$978$570$325$29
42 years$2,534$1,554$918$526$295$24
43 years$2,447$1,480$861$486$268$20
44 years$2,364$1,411$808$448$243$17
45 years$2,286$1,346$759$414$221$15
46 years$2,211$1,284$713$382$200$12
47 years$2,139$1,225$670$353$182$10
48 years$2,071$1,170$629$327$165$9
49 years$2,006$1,117$591$302$150$7
50 years$1,943$1,067$556$279$136$6

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 $2,440 every year, while hoping to spend $39,026 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: 44/32/24 Blend
46$1,990,000$1,990,000$1,990,000$1,990,000
47$2,195,497$2,090,027$2,059,182$2,276,720
48$2,377,914$2,150,915$2,086,641$2,395,441
49$2,577,630$2,213,478$2,113,712$2,520,085
50$2,796,368$2,277,758$2,140,341$2,654,422
51$3,036,025$2,343,796$2,166,470$2,799,371
52$3,298,692$2,411,634$2,192,039$2,955,945
53$3,586,670$2,481,316$2,216,984$3,125,260
54$3,902,494$2,552,885$2,241,237$3,308,541
55$4,248,958$2,626,385$2,264,727$3,507,141
56$4,629,135$2,701,861$2,287,379$3,722,548
57$5,046,414$2,779,359$2,309,113$3,956,398
58$5,504,526$2,858,926$2,329,847$4,210,498
59$6,007,582$2,940,608$2,349,491$4,486,834
60$6,560,110$3,024,452$2,367,954$4,787,594
61$7,167,098$3,110,507$2,385,137$5,115,190
62$7,834,042$3,198,822$2,400,939$5,472,277
63$8,566,994$3,289,444$2,415,250$5,861,779
64$9,372,625$3,382,424$2,427,959$6,286,920
65$10,258,282$3,477,812$2,438,945$6,751,250
66$11,232,060$3,575,658$2,448,082$7,258,679
67$12,302,877$3,676,013$2,455,240$7,813,516
68$13,480,560$3,778,927$2,460,280$8,420,509
69$14,775,934$3,884,451$2,463,057$9,084,888
70$16,200,928$3,992,638$2,463,418$9,812,416
71$17,768,683$4,103,538$2,461,203$10,609,445
72$19,493,680$4,217,203$2,456,245$11,482,970
73$21,391,874$4,333,684$2,448,367$12,440,701
74$23,480,843$4,453,032$2,437,385$13,491,134
75$25,779,957$4,575,299$2,423,106$14,643,630
76$28,310,560$4,700,535$2,405,326$15,908,505
77$31,096,166$4,828,791$2,383,834$17,297,126
78$34,162,689$4,960,116$2,358,407$18,822,018
79$37,538,681$5,094,559$2,328,812$20,496,986
80$41,255,604$5,232,170$2,294,804$22,337,240
81$45,348,123$5,372,994$2,256,128$24,359,541
82$49,854,440$5,517,079$2,212,516$26,582,363
83$54,816,647$5,664,469$2,163,689$29,026,060
84$60,281,126$5,815,209$2,109,353$31,713,065
85$66,298,986$5,969,341$2,049,203$34,668,099
86$72,926,548$6,126,904$1,982,916$37,918,403
87$80,225,871$6,287,937$1,910,159$41,493,999
88$88,265,341$6,452,476$1,830,580$45,427,972
89$97,120,314$6,620,556$1,743,813$49,756,780
90$106,873,829$6,792,207$1,649,474$54,520,605
91$117,617,391$6,967,456$1,547,163$59,763,724
92$129,451,833$7,146,330$1,436,461$65,534,934
93$142,488,268$7,328,848$1,316,930$71,888,012
94$156,849,139$7,515,029$1,188,115$78,882,219
95$172,669,371$7,704,885$1,049,536$86,582,864
96$190,097,648$7,898,425$900,697$95,061,922
97$209,297,813$8,095,653$741,075$104,398,709
98$230,450,416$8,296,567$570,128$114,680,634
99$253,754,418$8,501,158$387,286$126,004,027
100$279,429,067$8,709,413$191,959$138,475,045