Can I retire at age 47 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$139,559$138,316$137,103$135,919$134,763$131,773
2 years$69,088$67,802$66,555$65,346$64,173$61,176
3 years$45,601$44,309$43,065$41,868$40,714$37,804
4 years$33,860$32,572$31,341$30,163$29,037$26,236
5 years$26,817$25,537$24,322$23,168$22,074$19,390
6 years$22,124$20,853$19,655$18,528$17,466$14,902
7 years$18,772$17,512$16,334$15,233$14,205$11,761
8 years$16,260$15,011$13,852$12,778$11,784$9,460
9 years$14,307$13,070$11,931$10,884$9,924$7,717
10 years$12,745$11,520$10,402$9,382$8,456$6,364
11 years$11,469$10,256$9,157$8,166$7,272$5,294
12 years$10,405$9,205$8,127$7,162$6,302$4,433
13 years$9,507$8,319$7,261$6,323$5,495$3,732
14 years$8,737$7,562$6,524$5,613$4,817$3,157
15 years$8,070$6,908$5,890$5,006$4,241$2,680
16 years$7,487$6,338$5,340$4,482$3,749$2,282
17 years$6,974$5,837$4,860$4,027$3,324$1,948
18 years$6,518$5,393$4,436$3,629$2,955$1,667
19 years$6,110$4,999$4,061$3,279$2,634$1,429
20 years$5,744$4,645$3,727$2,970$2,353$1,227
21 years$5,413$4,327$3,428$2,696$2,106$1,054
22 years$5,112$4,039$3,160$2,451$1,887$907
23 years$4,838$3,777$2,917$2,232$1,694$782
24 years$4,587$3,539$2,698$2,036$1,523$674
25 years$4,357$3,321$2,499$1,859$1,370$581
26 years$4,145$3,121$2,318$1,700$1,234$502
27 years$3,949$2,938$2,152$1,556$1,113$433
28 years$3,767$2,768$2,001$1,426$1,004$375
29 years$3,598$2,611$1,862$1,307$907$324
30 years$3,440$2,466$1,734$1,200$819$280
31 years$3,293$2,331$1,617$1,102$741$242
32 years$3,156$2,206$1,508$1,013$670$210
33 years$3,027$2,089$1,408$931$606$181
34 years$2,905$1,980$1,316$857$549$157
35 years$2,791$1,878$1,230$789$497$136
36 years$2,684$1,782$1,151$726$451$118
37 years$2,583$1,693$1,077$669$408$102
38 years$2,487$1,609$1,009$617$370$88
39 years$2,396$1,530$945$569$336$76
40 years$2,310$1,456$886$525$304$66
41 years$2,229$1,386$831$484$276$57
42 years$2,152$1,320$779$447$251$50
43 years$2,078$1,257$731$412$227$43
44 years$2,008$1,198$686$381$206$37
45 years$1,941$1,143$644$352$187$32
46 years$1,878$1,090$605$325$170$28
47 years$1,817$1,040$569$300$155$24
48 years$1,759$993$534$277$140$21
49 years$1,703$948$502$256$127$18
50 years$1,650$906$472$237$116$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,690,000, adding $3,897 every year, while hoping to spend $54,219 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: 61/19/20 Blend
46$1,690,000$1,690,000$1,690,000$1,690,000
47$1,866,400$1,776,830$1,750,635$1,970,313
48$1,999,084$1,806,206$1,751,592$2,070,386
49$2,143,485$1,835,204$1,750,765$2,173,206
50$2,300,740$1,863,749$1,748,035$2,284,188
51$2,472,102$1,891,759$1,743,281$2,404,132
52$2,658,948$1,919,147$1,736,373$2,533,921
53$2,862,795$1,945,820$1,727,176$2,674,527
54$3,085,313$1,971,678$1,715,549$2,827,024
55$3,328,339$1,996,614$1,701,344$2,992,596
56$3,593,896$2,020,514$1,684,405$3,172,548
57$3,884,210$2,043,256$1,664,570$3,368,318
58$4,201,735$2,064,711$1,641,668$3,581,494
59$4,549,168$2,084,739$1,615,520$3,813,827
60$4,929,484$2,103,192$1,585,941$4,067,247
61$5,345,956$2,119,912$1,552,735$4,343,883
62$5,802,189$2,134,733$1,515,696$4,646,082
63$6,302,151$2,147,474$1,474,611$4,976,434
64$6,850,217$2,157,947$1,429,257$5,337,793
65$7,451,200$2,165,947$1,379,398$5,733,308
66$8,110,405$2,171,261$1,324,790$6,166,452
67$8,833,673$2,173,660$1,265,178$6,641,051
68$9,627,439$2,172,900$1,200,292$7,161,329
69$10,498,789$2,168,724$1,129,854$7,731,941
70$11,455,532$2,160,858$1,053,570$8,358,020
71$12,506,268$2,149,011$971,136$9,045,227
72$13,660,470$2,132,876$882,232$9,799,802
73$14,928,576$2,112,124$786,524$10,628,628
74$16,322,082$2,086,410$683,665$11,539,294
75$17,853,656$2,055,366$573,289$12,540,165
76$19,537,253$2,018,602$455,018$13,640,467
77$21,388,246$1,975,707$328,454$14,850,370
78$23,423,573$1,926,242$193,183$16,181,087
79$25,661,896$1,869,747$48,774$17,644,984
80$28,123,775$1,805,730$0$19,255,689
81$30,831,863$1,733,674$0$21,050,709
82$33,811,119$1,653,030$0$23,036,702
83$37,089,043$1,563,219$0$25,221,618
84$40,695,935$1,463,626$0$27,625,702
85$44,665,180$1,353,603$0$30,271,266
86$49,033,563$1,232,465$0$33,182,901
87$53,841,616$1,099,485$0$36,387,707
88$59,134,000$953,898$0$39,915,554
89$64,959,923$794,895$0$43,799,358
90$71,373,609$621,619$0$48,075,398
91$78,434,807$433,167$0$52,783,657
92$86,209,351$228,586$0$57,968,200
93$94,769,785$6,868$0$63,677,591
94$104,196,047$0$0$69,965,352
95$114,576,220$0$0$76,939,195
96$126,007,363$0$0$84,620,879
97$138,596,431$0$0$93,080,863
98$152,461,278$0$0$102,398,368
99$167,731,772$0$0$112,660,691
100$184,551,018$0$0$123,964,028