Can I retire at age 47 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$137,907$136,679$135,480$134,310$133,168$130,320
2 years$68,271$66,999$65,767$64,572$63,413$60,557
3 years$45,062$43,785$42,556$41,372$40,232$37,458
4 years$33,460$32,186$30,970$29,806$28,694$26,023
5 years$26,500$25,235$24,034$22,894$21,813$19,252
6 years$21,862$20,606$19,423$18,309$17,260$14,812
7 years$18,550$17,305$16,140$15,052$14,037$11,703
8 years$16,068$14,833$13,688$12,627$11,645$9,424
9 years$14,138$12,915$11,790$10,756$9,807$7,698
10 years$12,595$11,384$10,279$9,271$8,356$6,356
11 years$11,333$10,135$9,049$8,069$7,186$5,293
12 years$10,282$9,096$8,031$7,077$6,227$4,438
13 years$9,394$8,220$7,175$6,248$5,430$3,742
14 years$8,633$7,472$6,447$5,547$4,760$3,169
15 years$7,975$6,826$5,821$4,947$4,191$2,694
16 years$7,399$6,263$5,277$4,429$3,704$2,298
17 years$6,891$5,768$4,802$3,980$3,284$1,964
18 years$6,441$5,330$4,384$3,586$2,920$1,683
19 years$6,038$4,939$4,013$3,241$2,603$1,445
20 years$5,676$4,590$3,683$2,935$2,325$1,242
21 years$5,349$4,275$3,388$2,664$2,081$1,070
22 years$5,052$3,991$3,122$2,422$1,865$922
23 years$4,781$3,733$2,883$2,206$1,674$795
24 years$4,533$3,497$2,666$2,012$1,505$687
25 years$4,306$3,282$2,469$1,837$1,354$593
26 years$4,096$3,084$2,290$1,680$1,220$513
27 years$3,902$2,903$2,127$1,538$1,100$444
28 years$3,722$2,735$1,977$1,409$992$384
29 years$3,555$2,580$1,840$1,292$896$333
30 years$3,399$2,437$1,714$1,186$810$288
31 years$3,254$2,304$1,598$1,089$732$250
32 years$3,118$2,180$1,491$1,001$662$216
33 years$2,991$2,064$1,392$920$599$188
34 years$2,871$1,957$1,300$847$542$163
35 years$2,758$1,856$1,216$779$491$141
36 years$2,652$1,761$1,137$718$445$122
37 years$2,552$1,673$1,065$661$403$106
38 years$2,458$1,590$997$610$366$92
39 years$2,368$1,512$934$562$332$80
40 years$2,283$1,438$875$518$301$69
41 years$2,203$1,369$821$478$273$60
42 years$2,126$1,304$770$441$248$52
43 years$2,053$1,242$723$408$225$45
44 years$1,984$1,184$678$376$204$39
45 years$1,918$1,129$637$347$185$34
46 years$1,855$1,077$598$321$168$30
47 years$1,795$1,028$562$297$153$26
48 years$1,738$981$528$274$139$22
49 years$1,683$937$496$253$126$19
50 years$1,631$895$467$234$114$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,670,000, adding $6,840 every year, while hoping to spend $50,683 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: 52/20/28 Blend
46$1,670,000$1,670,000$1,670,000$1,670,000
47$1,847,395$1,758,885$1,733,000$1,928,632
48$1,981,903$1,791,145$1,737,130$2,018,077
49$2,128,433$1,823,286$1,739,699$2,109,654
50$2,288,156$1,855,249$1,740,601$2,208,275
51$2,462,363$1,886,972$1,739,727$2,314,636
52$2,652,475$1,918,385$1,736,959$2,429,501
53$2,860,056$1,949,414$1,732,175$2,553,718
54$3,086,826$1,979,980$1,725,247$2,688,217
55$3,334,680$2,009,997$1,716,041$2,834,029
56$3,605,705$2,039,375$1,704,417$2,992,290
57$3,902,198$2,068,015$1,690,225$3,164,251
58$4,226,688$2,095,813$1,673,313$3,351,297
59$4,581,959$2,122,656$1,653,518$3,554,952
60$4,971,078$2,148,426$1,630,670$3,776,900
61$5,397,423$2,172,994$1,604,593$4,018,999
62$5,864,713$2,196,223$1,575,099$4,283,297
63$6,377,044$2,217,968$1,541,995$4,572,055
64$6,938,928$2,238,074$1,505,078$4,887,767
65$7,555,334$2,256,376$1,464,133$5,233,185
66$8,231,735$2,272,695$1,418,939$5,611,344
67$8,974,161$2,286,846$1,369,263$6,025,591
68$9,789,252$2,298,628$1,314,860$6,479,621
69$10,684,324$2,307,829$1,255,475$6,977,507
70$11,667,435$2,314,223$1,190,844$7,523,742
71$12,747,462$2,317,569$1,120,686$8,123,284
72$13,934,186$2,317,612$1,044,712$8,781,598
73$15,238,380$2,314,082$962,617$9,504,714
74$16,671,913$2,306,691$874,083$10,299,282
75$18,247,862$2,295,132$778,778$11,172,634
76$19,980,633$2,279,083$676,357$12,132,859
77$21,886,099$2,258,199$566,456$13,188,875
78$23,981,747$2,232,117$448,698$14,350,517
79$26,286,844$2,200,449$322,688$15,628,632
80$28,822,617$2,162,787$188,013$17,035,179
81$31,612,457$2,118,696$44,245$18,583,346
82$34,682,134$2,067,718$0$20,287,674
83$38,060,041$2,009,366$0$22,196,817
84$41,777,465$1,943,125$0$24,312,060
85$45,868,879$1,868,450$0$26,639,810
86$50,372,265$1,784,765$0$29,201,712
87$55,329,477$1,691,459$0$32,021,618
88$60,786,630$1,587,887$0$35,125,819
89$66,794,540$1,473,367$0$38,543,290
90$73,409,198$1,347,178$0$42,305,964
91$80,692,302$1,208,555$0$46,449,034
92$88,711,837$1,056,694$0$51,011,288
93$97,542,716$890,744$0$56,035,474
94$107,267,485$709,803$0$61,568,705
95$117,977,107$512,921$0$67,662,904
96$129,771,812$299,095$0$74,375,297
97$142,762,051$67,264$0$81,768,951
98$157,069,529$0$0$89,913,372
99$172,828,361$0$0$98,925,590
100$190,186,333$0$0$108,868,875