Can I retire at age 47 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$165,158$163,687$162,252$160,851$159,483$156,647
2 years$81,761$80,239$78,763$77,332$75,944$73,097
3 years$53,966$52,437$50,965$49,547$48,182$45,412
4 years$40,071$38,547$37,089$35,696$34,364$31,693
5 years$31,737$30,221$28,783$27,418$26,123$23,558
6 years$26,182$24,678$23,261$21,926$20,670$18,214
7 years$22,216$20,724$19,330$18,027$16,810$14,464
8 years$19,243$17,765$16,393$15,122$13,946$11,708
9 years$16,931$15,467$14,120$12,881$11,744$9,615
10 years$15,083$13,634$12,310$11,103$10,007$7,983
11 years$13,572$12,137$10,837$9,663$8,606$6,686
12 years$12,314$10,894$9,618$8,476$7,458$5,639
13 years$11,250$9,845$8,593$7,483$6,503$4,783
14 years$10,339$8,949$7,721$6,643$5,701$4,076
15 years$9,550$8,175$6,971$5,924$5,020$3,486
16 years$8,861$7,500$6,320$5,304$4,436$2,992
17 years$8,253$6,907$5,751$4,766$3,934$2,575
18 years$7,713$6,383$5,250$4,295$3,497$2,221
19 years$7,231$5,915$4,806$3,881$3,117$1,919
20 years$6,797$5,497$4,411$3,515$2,785$1,661
21 years$6,406$5,120$4,057$3,190$2,492$1,440
22 years$6,050$4,779$3,739$2,900$2,234$1,250
23 years$5,726$4,470$3,452$2,642$2,005$1,086
24 years$5,429$4,188$3,193$2,409$1,802$944
25 years$5,156$3,930$2,957$2,200$1,622$822
26 years$4,905$3,694$2,743$2,012$1,461$716
27 years$4,673$3,476$2,547$1,841$1,317$624
28 years$4,458$3,276$2,368$1,687$1,188$544
29 years$4,258$3,090$2,203$1,547$1,073$474
30 years$4,071$2,919$2,052$1,420$970$414
31 years$3,897$2,759$1,913$1,304$877$361
32 years$3,734$2,611$1,785$1,198$793$315
33 years$3,582$2,472$1,667$1,102$718$275
34 years$3,438$2,343$1,557$1,014$650$241
35 years$3,304$2,222$1,456$933$588$210
36 years$3,176$2,109$1,362$860$533$184
37 years$3,057$2,003$1,275$792$483$161
38 years$2,943$1,904$1,194$730$438$140
39 years$2,836$1,811$1,119$673$397$123
40 years$2,734$1,723$1,048$621$360$107
41 years$2,638$1,640$983$573$327$94
42 years$2,546$1,562$922$529$297$82
43 years$2,459$1,488$865$488$269$72
44 years$2,376$1,418$812$451$244$63
45 years$2,297$1,352$763$416$222$55
46 years$2,222$1,290$716$384$201$48
47 years$2,150$1,231$673$355$183$42
48 years$2,081$1,175$632$328$166$37
49 years$2,016$1,122$594$303$151$32
50 years$1,953$1,072$559$280$137$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $2,000,000, adding $6,945 every year, while hoping to spend $46,582 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: 51/20/29 Blend
46$2,000,000$2,000,000$2,000,000$2,000,000
47$2,211,164$2,105,164$2,074,164$2,305,527
48$2,387,140$2,158,754$2,094,085$2,425,701
49$2,579,504$2,213,409$2,113,113$2,551,095
50$2,789,879$2,269,131$2,131,168$2,686,547
51$3,020,051$2,325,923$2,148,166$2,833,036
52$3,271,987$2,383,784$2,164,021$2,991,643
53$3,547,853$2,442,713$2,178,639$3,163,556
54$3,850,034$2,502,706$2,191,924$3,350,087
55$4,181,157$2,563,759$2,203,773$3,552,679
56$4,544,115$2,625,863$2,214,079$3,772,926
57$4,942,094$2,689,009$2,222,730$4,012,582
58$5,378,603$2,753,186$2,229,607$4,273,582
59$5,857,507$2,818,378$2,234,585$4,558,057
60$6,383,063$2,884,569$2,237,534$4,868,358
61$6,959,960$2,951,738$2,238,316$5,207,075
62$7,593,365$3,019,862$2,236,789$5,577,062
63$8,288,966$3,088,914$2,232,799$5,981,468
64$9,053,034$3,158,863$2,226,191$6,423,762
65$9,892,471$3,229,675$2,216,796$6,907,767
66$10,814,886$3,301,313$2,204,442$7,437,698
67$11,828,659$3,373,732$2,188,946$8,018,203
68$12,943,023$3,446,885$2,170,115$8,654,403
69$14,168,148$3,520,719$2,147,752$9,351,943
70$15,515,242$3,595,177$2,121,644$10,117,048
71$16,996,651$3,670,195$2,091,573$10,956,576
72$18,625,977$3,745,702$2,057,309$11,878,090
73$20,418,208$3,821,623$2,018,610$12,889,924
74$22,389,857$3,897,874$1,975,225$14,001,267
75$24,559,117$3,974,365$1,926,889$15,222,245
76$26,946,035$4,050,996$1,873,328$16,564,023
77$29,572,697$4,127,662$1,814,251$18,038,904
78$32,463,442$4,204,247$1,749,358$19,660,453
79$35,645,084$4,280,626$1,678,333$21,443,620
80$39,147,170$4,356,664$1,600,844$23,404,883
81$43,002,257$4,432,216$1,516,548$25,562,406
82$47,246,218$4,507,126$1,425,083$27,936,210
83$51,918,581$4,581,224$1,326,073$30,548,364
84$57,062,903$4,654,331$1,219,123$33,423,190
85$62,727,178$4,726,252$1,103,823$36,587,498
86$68,964,290$4,796,778$979,741$40,070,839
87$75,832,515$4,865,687$846,429$43,905,783
88$83,396,065$4,932,739$703,418$48,128,229
89$91,725,699$4,997,679$550,218$52,777,744
90$100,899,388$5,060,233$386,317$57,897,939
91$111,003,049$5,120,108$211,183$63,536,881
92$122,131,360$5,176,993$24,257$69,747,548
93$134,388,647$5,230,554$0$76,588,330
94$147,889,874$5,280,436$0$84,177,802
95$162,761,724$5,326,260$0$92,544,210
96$179,143,795$5,367,623$0$101,758,409
97$197,189,920$5,404,095$0$111,906,766
98$217,069,614$5,435,217$0$123,084,452
99$238,969,676$5,460,504$0$135,396,351
100$263,095,951$5,479,436$0$148,958,039