Can I retire at age 47 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$127,998$126,857$125,745$124,659$123,599$118,695
2 years$63,365$62,185$61,041$59,932$58,857$53,977
3 years$41,824$40,639$39,498$38,399$37,341$32,639
4 years$31,055$29,874$28,744$27,664$26,632$22,143
5 years$24,596$23,421$22,307$21,249$20,245$15,982
6 years$20,291$19,125$18,027$16,993$16,019$11,983
7 years$17,217$16,061$14,981$13,971$13,028$9,218
8 years$14,913$13,768$12,705$11,720$10,808$7,221
9 years$13,122$11,987$10,943$9,983$9,102$5,731
10 years$11,690$10,566$9,540$8,605$7,755$4,595
11 years$10,519$9,406$8,399$7,489$6,670$3,713
12 years$9,543$8,443$7,454$6,569$5,780$3,018
13 years$8,719$7,630$6,659$5,799$5,040$2,465
14 years$8,013$6,935$5,984$5,148$4,418$2,021
15 years$7,402$6,335$5,402$4,591$3,890$1,662
16 years$6,867$5,813$4,898$4,111$3,438$1,370
17 years$6,396$5,353$4,457$3,694$3,048$1,132
18 years$5,978$4,947$4,069$3,329$2,711$936
19 years$5,604$4,584$3,725$3,008$2,416$776
20 years$5,268$4,260$3,418$2,724$2,158$644
21 years$4,964$3,968$3,144$2,472$1,931$534
22 years$4,689$3,704$2,898$2,248$1,731$444
23 years$4,437$3,464$2,676$2,047$1,554$369
24 years$4,207$3,246$2,475$1,867$1,397$307
25 years$3,996$3,046$2,292$1,705$1,257$256
26 years$3,801$2,863$2,126$1,559$1,132$213
27 years$3,621$2,694$1,974$1,427$1,021$177
28 years$3,455$2,539$1,835$1,308$921$148
29 years$3,300$2,395$1,708$1,199$832$123
30 years$3,155$2,262$1,591$1,100$751$102
31 years$3,020$2,138$1,483$1,011$679$85
32 years$2,894$2,023$1,383$929$615$71
33 years$2,776$1,916$1,292$854$556$59
34 years$2,665$1,816$1,207$786$504$49
35 years$2,560$1,722$1,128$723$456$41
36 years$2,462$1,635$1,056$666$413$34
37 years$2,369$1,553$988$614$374$29
38 years$2,281$1,476$925$566$340$24
39 years$2,198$1,403$867$522$308$20
40 years$2,119$1,335$813$481$279$17
41 years$2,044$1,271$762$444$253$14
42 years$1,973$1,210$715$410$230$12
43 years$1,906$1,153$671$378$209$10
44 years$1,842$1,099$629$349$189$8
45 years$1,780$1,048$591$323$172$7
46 years$1,722$1,000$555$298$156$6
47 years$1,666$954$522$275$142$5
48 years$1,613$911$490$254$129$4
49 years$1,562$870$461$235$117$3
50 years$1,513$831$433$217$106$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,550,000, adding $4,555 every year, while hoping to spend $57,726 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: 70/14/16 Blend
46$1,550,000$1,550,000$1,550,000$1,550,000
47$1,712,798$1,630,648$1,606,623$1,826,008
48$1,826,084$1,649,130$1,599,025$1,920,383
49$1,948,990$1,666,583$1,589,238$2,016,299
50$2,082,436$1,682,895$1,577,127$2,119,800
51$2,227,436$1,697,948$1,562,552$2,231,625
52$2,385,102$1,711,615$1,545,365$2,352,591
53$2,556,660$1,723,762$1,525,412$2,483,598
54$2,743,457$1,734,244$1,502,531$2,625,639
55$2,946,977$1,742,910$1,476,554$2,779,806
56$3,168,853$1,749,596$1,447,302$2,947,307
57$3,410,880$1,754,131$1,414,591$3,129,471
58$3,675,037$1,756,330$1,378,227$3,327,765
59$3,963,499$1,755,998$1,338,006$3,543,806
60$4,278,663$1,752,929$1,293,716$3,779,376
61$4,623,166$1,746,903$1,245,136$4,036,443
62$4,999,914$1,737,685$1,192,032$4,317,173
63$5,412,103$1,725,030$1,134,163$4,623,958
64$5,863,255$1,708,673$1,071,275$4,959,432
65$6,357,246$1,688,338$1,003,102$5,326,503
66$6,898,346$1,663,728$929,367$5,728,375
67$7,491,258$1,634,530$849,781$6,168,582
68$8,141,159$1,600,415$764,041$6,651,019
69$8,853,752$1,561,030$671,831$7,179,982
70$9,635,319$1,516,005$572,822$7,760,208
71$10,492,777$1,464,945$466,668$8,396,920
72$11,433,749$1,407,436$353,009$9,095,875
73$12,466,626$1,343,036$231,470$9,863,422
74$13,600,657$1,271,279$101,659$10,706,560
75$14,846,025$1,191,672$0$11,633,007
76$16,213,950$1,103,696$0$12,657,566
77$17,716,794$1,006,797$0$13,802,252
78$19,368,172$900,395$0$15,060,110
79$21,183,084$783,873$0$16,442,620
80$23,178,058$656,582$0$17,962,435
81$25,371,299$517,834$0$19,633,498
82$27,782,867$366,903$0$21,471,176
83$30,434,861$203,023$0$23,492,403
84$33,351,630$25,385$0$25,715,842
85$36,560,001$0$0$28,162,062
86$40,089,530$0$0$30,879,437
87$43,972,784$0$0$33,873,542
88$48,245,645$0$0$37,168,144
89$52,947,648$0$0$40,793,740
90$58,122,355$0$0$44,783,932
91$63,817,765$0$0$49,175,744
92$70,086,765$0$0$54,009,972
93$76,987,630$0$0$59,331,568
94$84,584,572$0$0$65,190,064
95$92,948,344$0$0$71,640,035
96$102,156,910$0$0$78,741,623
97$112,296,176$0$0$86,561,093
98$123,460,804$0$0$95,171,465
99$135,755,102$0$0$104,653,202
100$149,294,009$0$0$115,094,964