Can I retire at age 47 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$133,778$132,586$131,424$130,289$129,181$124,449
2 years$66,227$64,993$63,798$62,639$61,515$56,800
3 years$43,713$42,474$41,282$40,133$39,028$34,478
4 years$32,458$31,223$30,042$28,914$27,835$23,486
5 years$25,707$24,479$23,314$22,209$21,160$17,022
6 years$21,207$19,989$18,841$17,760$16,743$12,820
7 years$17,995$16,787$15,657$14,602$13,616$9,907
8 years$15,586$14,389$13,279$12,249$11,296$7,797
9 years$13,714$12,528$11,437$10,434$9,513$6,220
10 years$12,217$11,043$9,971$8,994$8,106$5,012
11 years$10,994$9,831$8,778$7,827$6,971$4,070
12 years$9,974$8,824$7,790$6,866$6,041$3,326
13 years$9,113$7,974$6,960$6,061$5,268$2,732
14 years$8,375$7,248$6,254$5,381$4,618$2,252
15 years$7,736$6,622$5,646$4,798$4,066$1,863
16 years$7,177$6,075$5,119$4,297$3,593$1,544
17 years$6,685$5,595$4,658$3,860$3,186$1,283
18 years$6,248$5,170$4,252$3,479$2,833$1,068
19 years$5,857$4,791$3,893$3,144$2,525$891
20 years$5,506$4,452$3,573$2,847$2,255$743
21 years$5,189$4,147$3,286$2,584$2,018$621
22 years$4,900$3,871$3,029$2,349$1,809$519
23 years$4,638$3,621$2,797$2,140$1,624$434
24 years$4,397$3,392$2,586$1,951$1,460$364
25 years$4,177$3,184$2,395$1,782$1,314$305
26 years$3,973$2,992$2,222$1,630$1,183$255
27 years$3,785$2,816$2,063$1,492$1,067$214
28 years$3,611$2,653$1,918$1,367$963$179
29 years$3,449$2,503$1,785$1,253$869$150
30 years$3,298$2,364$1,662$1,150$785$126
31 years$3,157$2,235$1,550$1,056$710$106
32 years$3,025$2,115$1,446$971$642$89
33 years$2,901$2,003$1,350$893$581$75
34 years$2,785$1,898$1,261$821$526$63
35 years$2,676$1,800$1,179$756$477$52
36 years$2,573$1,709$1,103$696$432$44
37 years$2,476$1,623$1,033$642$391$37
38 years$2,384$1,542$967$591$355$31
39 years$2,297$1,467$906$545$322$26
40 years$2,215$1,395$849$503$292$22
41 years$2,137$1,328$796$464$265$18
42 years$2,062$1,265$747$428$240$15
43 years$1,992$1,205$701$395$218$13
44 years$1,925$1,149$658$365$198$11
45 years$1,861$1,095$618$337$180$9
46 years$1,800$1,045$580$311$163$8
47 years$1,742$997$545$288$148$6
48 years$1,686$952$512$266$135$5
49 years$1,633$909$481$246$122$5
50 years$1,582$868$453$227$111$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,620,000, adding $4,913 every year, while hoping to spend $35,772 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: 39/33/28 Blend
46$1,620,000$1,620,000$1,620,000$1,620,000
47$1,790,308$1,704,448$1,679,338$1,845,103
48$1,934,858$1,749,905$1,697,534$1,931,047
49$2,092,953$1,796,390$1,715,142$2,020,258
50$2,265,938$1,843,916$1,732,102$2,116,045
51$2,455,291$1,892,496$1,748,355$2,219,028
52$2,662,643$1,942,140$1,763,837$2,329,895
53$2,889,787$1,992,859$1,778,480$2,449,401
54$3,138,700$2,044,664$1,792,214$2,578,377
55$3,411,557$2,097,562$1,804,963$2,717,742
56$3,710,757$2,151,564$1,816,650$2,868,505
57$4,038,938$2,206,675$1,827,192$3,031,779
58$4,399,009$2,262,901$1,836,502$3,208,792
59$4,794,172$2,320,247$1,844,489$3,400,895
60$5,227,956$2,378,717$1,851,058$3,609,578
61$5,704,246$2,438,313$1,856,106$3,836,483
62$6,227,323$2,499,034$1,859,530$4,083,419
63$6,801,903$2,560,881$1,861,218$4,352,381
64$7,433,182$2,623,848$1,861,053$4,645,566
65$8,126,881$2,687,931$1,858,913$4,965,397
66$8,889,307$2,753,124$1,854,671$5,314,545
67$9,727,404$2,819,415$1,848,190$5,695,953
68$10,648,827$2,886,794$1,839,332$6,112,864
69$11,662,005$2,955,245$1,827,948$6,568,854
70$12,776,228$3,024,750$1,813,882$7,067,866
71$14,001,730$3,095,289$1,796,973$7,614,242
72$15,349,786$3,166,838$1,777,052$8,212,773
73$16,832,819$3,239,369$1,753,939$8,868,735
74$18,464,520$3,312,850$1,727,448$9,587,949
75$20,259,968$3,387,247$1,697,385$10,376,826
76$22,235,782$3,462,519$1,663,544$11,242,437
77$24,410,272$3,538,623$1,625,713$12,192,573
78$26,803,612$3,615,509$1,583,668$13,235,824
79$29,438,034$3,693,122$1,537,174$14,381,657
80$32,338,031$3,771,402$1,485,986$15,640,508
81$35,530,593$3,850,283$1,429,850$17,023,880
82$39,045,460$3,929,694$1,368,496$18,544,453
83$42,915,401$4,009,554$1,301,646$20,216,201
84$47,176,527$4,089,777$1,229,006$22,054,530
85$51,868,626$4,170,269$1,150,271$24,076,419
86$57,035,543$4,250,929$1,065,121$26,300,585
87$62,725,588$4,331,645$973,223$28,747,655
88$68,992,000$4,412,297$874,228$31,440,368
89$75,893,440$4,492,755$767,770$34,403,785
90$83,494,551$4,572,880$653,471$37,665,531
91$91,866,565$4,652,521$530,932$41,256,052
92$101,087,974$4,731,515$399,738$45,208,907
93$111,245,275$4,809,686$259,456$49,561,084
94$122,433,779$4,886,847$109,635$54,353,351
95$134,758,518$4,962,796$0$59,630,642
96$148,335,230$5,037,316$0$65,457,495
97$163,291,453$5,110,174$0$71,909,412
98$179,767,732$5,181,123$0$79,013,919
99$197,918,938$5,249,895$0$86,837,485
100$217,915,736$5,316,207$0$95,453,358