Can I retire at age 47 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$136,255$135,042$133,858$132,702$131,573$128,236
2 years$67,453$66,197$64,979$63,799$62,654$59,314
3 years$44,522$43,260$42,046$40,877$39,750$36,511
4 years$33,059$31,801$30,599$29,449$28,350$25,237
5 years$26,183$24,932$23,746$22,620$21,551$18,573
6 years$21,600$20,359$19,190$18,089$17,053$14,212
7 years$18,328$17,098$15,947$14,872$13,869$11,166
8 years$15,875$14,656$13,524$12,476$11,505$8,939
9 years$13,968$12,761$11,649$10,627$9,689$7,258
10 years$12,444$11,248$10,156$9,160$8,256$5,956
11 years$11,197$10,013$8,941$7,972$7,100$4,928
12 years$10,159$8,987$7,935$6,993$6,153$4,106
13 years$9,281$8,122$7,089$6,174$5,365$3,438
14 years$8,530$7,383$6,370$5,480$4,703$2,892
15 years$7,879$6,744$5,751$4,887$4,141$2,442
16 years$7,310$6,188$5,214$4,376$3,660$2,067
17 years$6,809$5,699$4,745$3,932$3,245$1,755
18 years$6,363$5,266$4,331$3,543$2,885$1,493
19 years$5,966$4,880$3,965$3,202$2,572$1,272
20 years$5,608$4,535$3,639$2,900$2,297$1,085
21 years$5,285$4,224$3,347$2,632$2,056$927
22 years$4,991$3,943$3,085$2,393$1,843$793
23 years$4,724$3,688$2,848$2,179$1,654$679
24 years$4,479$3,455$2,634$1,988$1,487$582
25 years$4,254$3,243$2,440$1,815$1,338$499
26 years$4,047$3,048$2,263$1,660$1,205$428
27 years$3,855$2,868$2,101$1,519$1,086$367
28 years$3,677$2,703$1,953$1,392$980$315
29 years$3,512$2,550$1,818$1,276$885$270
30 years$3,359$2,408$1,693$1,171$800$232
31 years$3,215$2,276$1,578$1,076$723$200
32 years$3,081$2,154$1,473$989$654$172
33 years$2,955$2,040$1,375$909$592$148
34 years$2,837$1,933$1,285$837$536$127
35 years$2,725$1,834$1,201$770$485$109
36 years$2,621$1,740$1,124$709$440$94
37 years$2,522$1,653$1,052$653$399$81
38 years$2,428$1,571$985$602$361$69
39 years$2,340$1,494$923$555$328$60
40 years$2,256$1,421$865$512$297$51
41 years$2,176$1,353$811$473$270$44
42 years$2,101$1,288$761$436$245$38
43 years$2,029$1,228$714$403$222$33
44 years$1,960$1,170$670$372$202$28
45 years$1,895$1,116$629$343$183$24
46 years$1,833$1,064$591$317$166$21
47 years$1,774$1,016$555$293$151$18
48 years$1,717$970$522$271$137$15
49 years$1,663$926$490$250$124$13
50 years$1,611$885$461$231$113$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,650,000, adding $6,258 every year, while hoping to spend $34,080 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: 42/42/16 Blend
46$1,650,000$1,650,000$1,650,000$1,650,000
47$1,824,755$1,737,305$1,711,730$1,892,599
48$1,974,619$1,786,172$1,732,812$1,989,916
49$2,138,627$1,836,292$1,753,458$2,091,400
50$2,318,186$1,887,689$1,773,618$2,200,566
51$2,514,845$1,940,389$1,793,238$2,318,134
52$2,730,308$1,994,418$1,812,261$2,444,895
53$2,966,457$2,049,801$1,830,628$2,581,721
54$3,225,358$2,106,564$1,848,277$2,729,570
55$3,509,292$2,164,733$1,865,142$2,889,497
56$3,820,768$2,224,333$1,881,152$3,062,664
57$4,162,550$2,285,389$1,896,235$3,250,350
58$4,537,684$2,347,927$1,910,313$3,453,962
59$4,949,524$2,411,972$1,923,305$3,675,050
60$5,401,766$2,477,549$1,935,125$3,915,323
61$5,898,479$2,544,681$1,945,685$4,176,658
62$6,444,147$2,613,394$1,954,888$4,461,128
63$7,043,710$2,683,710$1,962,637$4,771,013
64$7,702,609$2,755,653$1,968,827$5,108,823
65$8,426,841$2,829,245$1,973,347$5,477,326
66$9,223,008$2,904,508$1,976,085$5,879,569
67$10,098,389$2,981,463$1,976,917$6,318,910
68$11,060,999$3,060,130$1,975,719$6,799,047
69$12,119,672$3,140,527$1,972,356$7,324,055
70$13,284,139$3,222,673$1,966,690$7,898,422
71$14,565,121$3,306,584$1,958,574$8,527,095
72$15,974,433$3,392,276$1,947,856$9,215,523
73$17,525,090$3,479,762$1,934,374$9,969,710
74$19,231,434$3,569,055$1,917,960$10,796,271
75$21,109,266$3,660,165$1,898,438$11,702,496
76$23,175,999$3,753,101$1,875,623$12,696,417
77$25,450,816$3,847,868$1,849,322$13,786,884
78$27,954,857$3,944,471$1,819,332$14,983,650
79$30,711,414$4,042,912$1,785,441$16,297,461
80$33,746,153$4,143,189$1,747,428$17,740,159
81$37,087,353$4,245,298$1,705,059$19,324,793
82$40,766,177$4,349,231$1,658,093$21,065,743
83$44,816,963$4,454,979$1,606,274$22,978,856
84$49,277,546$4,562,527$1,549,338$25,081,593
85$54,189,621$4,671,855$1,487,006$27,393,198
86$59,599,129$4,782,943$1,418,987$29,934,878
87$65,556,695$4,895,761$1,344,978$32,730,000
88$72,118,103$5,010,280$1,264,660$35,804,320
89$79,344,827$5,126,460$1,177,703$39,186,215
90$87,304,602$5,244,260$1,083,759$42,906,964
91$96,072,073$5,363,630$982,466$47,001,031
92$105,729,491$5,484,514$873,446$51,506,400
93$116,367,495$5,606,851$756,302$56,464,930
94$128,085,963$5,730,571$630,622$61,922,749
95$140,994,958$5,855,596$495,975$67,930,694
96$155,215,764$5,981,841$351,911$74,544,787
97$170,882,031$6,109,210$197,958$81,826,769
98$188,141,036$6,237,599$33,628$89,844,678
99$207,155,075$6,366,894$0$98,673,496
100$228,102,990$6,496,969$0$108,420,055