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%13.3%
1 years$165,158$163,687$162,252$160,851$159,483$157,294
2 years$81,761$80,239$78,763$77,332$75,944$73,743
3 years$53,966$52,437$50,965$49,547$48,182$46,037
4 years$40,071$38,547$37,089$35,696$34,364$32,291
5 years$31,737$30,221$28,783$27,418$26,123$24,129
6 years$26,182$24,678$23,261$21,926$20,670$18,757
7 years$22,216$20,724$19,330$18,027$16,810$14,979
8 years$19,243$17,765$16,393$15,122$13,946$12,195
9 years$16,931$15,467$14,120$12,881$11,744$10,074
10 years$15,083$13,634$12,310$11,103$10,007$8,416
11 years$13,572$12,137$10,837$9,663$8,606$7,093
12 years$12,314$10,894$9,618$8,476$7,458$6,021
13 years$11,250$9,845$8,593$7,483$6,503$5,140
14 years$10,339$8,949$7,721$6,643$5,701$4,410
15 years$9,550$8,175$6,971$5,924$5,020$3,798
16 years$8,861$7,500$6,320$5,304$4,436$3,282
17 years$8,253$6,907$5,751$4,766$3,934$2,845
18 years$7,713$6,383$5,250$4,295$3,497$2,471
19 years$7,231$5,915$4,806$3,881$3,117$2,151
20 years$6,797$5,497$4,411$3,515$2,785$1,876
21 years$6,406$5,120$4,057$3,190$2,492$1,639
22 years$6,050$4,779$3,739$2,900$2,234$1,433
23 years$5,726$4,470$3,452$2,642$2,005$1,255
24 years$5,429$4,188$3,193$2,409$1,802$1,100
25 years$5,156$3,930$2,957$2,200$1,622$965
26 years$4,905$3,694$2,743$2,012$1,461$847
27 years$4,673$3,476$2,547$1,841$1,317$744
28 years$4,458$3,276$2,368$1,687$1,188$654
29 years$4,258$3,090$2,203$1,547$1,073$575
30 years$4,071$2,919$2,052$1,420$970$506
31 years$3,897$2,759$1,913$1,304$877$445
32 years$3,734$2,611$1,785$1,198$793$392
33 years$3,582$2,472$1,667$1,102$718$345
34 years$3,438$2,343$1,557$1,014$650$304
35 years$3,304$2,222$1,456$933$588$268
36 years$3,176$2,109$1,362$860$533$236
37 years$3,057$2,003$1,275$792$483$208
38 years$2,943$1,904$1,194$730$438$183
39 years$2,836$1,811$1,119$673$397$162
40 years$2,734$1,723$1,048$621$360$143
41 years$2,638$1,640$983$573$327$126
42 years$2,546$1,562$922$529$297$111
43 years$2,459$1,488$865$488$269$98
44 years$2,376$1,418$812$451$244$86
45 years$2,297$1,352$763$416$222$76
46 years$2,222$1,290$716$384$201$67
47 years$2,150$1,231$673$355$183$59
48 years$2,081$1,175$632$328$166$52
49 years$2,016$1,122$594$303$151$46
50 years$1,953$1,072$559$280$137$41

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 $2,911 every year, while hoping to spend $23,596 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: 60/18/22 Blend
46$2,000,000$2,000,000$2,000,000$2,000,000
47$2,207,003$2,101,003$2,070,003$2,326,406
48$2,407,011$2,178,846$2,114,242$2,485,583
49$2,626,629$2,259,713$2,159,172$2,656,341
50$2,867,833$2,343,726$2,204,792$2,842,124
51$3,132,798$2,431,014$2,251,098$3,044,395
52$3,423,921$2,521,712$2,298,088$3,264,762
53$3,743,844$2,615,959$2,345,757$3,504,999
54$4,095,476$2,713,900$2,394,099$3,767,054
55$4,482,021$2,815,688$2,443,108$4,053,074
56$4,907,011$2,921,481$2,492,776$4,365,422
57$5,374,337$3,031,444$2,543,095$4,706,701
58$5,888,284$3,145,750$2,594,054$5,079,773
59$6,453,576$3,264,578$2,645,641$5,487,794
60$7,075,415$3,388,117$2,697,844$5,934,236
61$7,759,534$3,516,561$2,750,649$6,422,924
62$8,512,250$3,650,116$2,804,039$6,958,068
63$9,340,522$3,788,995$2,857,997$7,544,308
64$10,252,018$3,933,418$2,912,503$8,186,750
65$11,255,188$4,083,620$2,967,536$8,891,020
66$12,359,342$4,239,842$3,023,073$9,663,316
67$13,574,737$4,402,337$3,079,089$10,510,460
68$14,912,677$4,571,368$3,135,555$11,439,972
69$16,385,616$4,747,211$3,192,442$12,460,130
70$18,007,279$4,930,154$3,249,718$13,580,057
71$19,792,786$5,120,496$3,307,348$14,809,799
72$21,758,801$5,318,551$3,365,295$16,160,425
73$23,923,684$5,524,646$3,423,519$17,644,128
74$26,307,669$5,739,123$3,481,975$19,274,340
75$28,933,049$5,962,337$3,540,619$21,065,860
76$31,824,390$6,194,662$3,599,401$23,034,989
77$35,008,764$6,436,487$3,658,266$25,199,688
78$38,516,000$6,688,216$3,717,160$27,579,745
79$42,378,968$6,950,276$3,776,022$30,196,961
80$46,633,891$7,223,107$3,834,787$33,075,353
81$51,320,683$7,507,174$3,893,387$36,241,386
82$56,483,327$7,802,960$3,951,749$39,724,217
83$62,170,290$8,110,969$4,009,796$43,555,969
84$68,434,982$8,431,728$4,067,447$47,772,038
85$75,336,257$8,765,790$4,124,613$52,411,424
86$82,938,970$9,113,729$4,181,203$57,517,095
87$91,314,591$9,476,148$4,237,119$63,136,400
88$100,541,874$9,853,673$4,292,257$69,321,506
89$110,707,605$10,246,964$4,346,508$76,129,895
90$121,907,421$10,656,705$4,399,756$83,624,906
91$134,246,708$11,083,614$4,451,879$91,876,328
92$147,841,602$11,528,441$4,502,746$100,961,062
93$162,820,079$11,991,968$4,552,222$110,963,843
94$179,323,168$12,475,016$4,600,163$121,978,042
95$197,506,279$12,978,439$4,646,415$134,106,543
96$217,540,669$13,503,132$4,690,820$147,462,714
97$239,615,063$14,050,031$4,733,208$162,171,477
98$263,937,431$14,620,114$4,773,402$178,370,488
99$290,736,951$15,214,401$4,811,213$196,211,430
100$320,266,176$15,833,963$4,846,445$215,861,447