Can I retire at age 47 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$142,036$140,771$139,536$138,332$137,155$133,138
2 years$70,315$69,005$67,736$66,506$65,312$61,298
3 years$46,411$45,096$43,830$42,611$41,437$37,550
4 years$34,461$33,150$31,897$30,699$29,553$25,825
5 years$27,293$25,990$24,753$23,580$22,466$18,906
6 years$22,516$21,223$20,004$18,857$17,776$14,388
7 years$19,106$17,823$16,624$15,503$14,457$11,240
8 years$16,549$15,278$14,098$13,005$11,993$8,946
9 years$14,561$13,302$12,143$11,078$10,100$7,219
10 years$12,972$11,725$10,586$9,549$8,606$5,887
11 years$11,672$10,438$9,320$8,310$7,401$4,841
12 years$10,590$9,369$8,271$7,289$6,414$4,006
13 years$9,675$8,466$7,390$6,435$5,593$3,333
14 years$8,892$7,696$6,640$5,713$4,903$2,784
15 years$8,213$7,030$5,995$5,095$4,317$2,334
16 years$7,620$6,450$5,435$4,562$3,815$1,962
17 years$7,098$5,940$4,946$4,099$3,383$1,653
18 years$6,633$5,489$4,515$3,694$3,008$1,396
19 years$6,219$5,087$4,133$3,338$2,681$1,180
20 years$5,846$4,727$3,793$3,023$2,395$1,000
21 years$5,509$4,403$3,489$2,743$2,143$847
22 years$5,203$4,110$3,216$2,494$1,921$719
23 years$4,924$3,844$2,969$2,272$1,724$611
24 years$4,669$3,602$2,746$2,072$1,550$519
25 years$4,434$3,380$2,543$1,892$1,395$442
26 years$4,218$3,177$2,359$1,730$1,256$376
27 years$4,019$2,990$2,190$1,584$1,133$320
28 years$3,834$2,817$2,036$1,451$1,022$272
29 years$3,661$2,658$1,895$1,331$923$232
30 years$3,501$2,510$1,765$1,221$834$198
31 years$3,352$2,373$1,645$1,121$754$168
32 years$3,212$2,245$1,535$1,031$682$144
33 years$3,080$2,126$1,433$948$617$122
34 years$2,957$2,015$1,339$872$559$104
35 years$2,841$1,911$1,252$803$506$89
36 years$2,732$1,814$1,171$739$459$76
37 years$2,629$1,723$1,096$681$416$65
38 years$2,531$1,637$1,027$628$377$55
39 years$2,439$1,557$962$579$342$47
40 years$2,352$1,481$902$534$310$40
41 years$2,269$1,410$845$493$281$34
42 years$2,190$1,343$793$455$255$29
43 years$2,115$1,280$744$420$232$25
44 years$2,044$1,220$699$388$210$21
45 years$1,976$1,163$656$358$191$18
46 years$1,911$1,110$616$331$173$15
47 years$1,849$1,059$579$305$157$13
48 years$1,790$1,011$544$282$143$11
49 years$1,733$965$511$261$130$10
50 years$1,679$922$481$241$118$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,720,000, adding $5,382 every year, while hoping to spend $44,185 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: 66/22/12 Blend
46$1,720,000$1,720,000$1,720,000$1,720,000
47$1,900,992$1,809,832$1,783,172$2,020,995
48$2,047,880$1,851,501$1,795,895$2,143,341
49$2,208,271$1,893,731$1,807,564$2,271,311
50$2,383,493$1,936,503$1,818,097$2,410,056
51$2,575,013$1,979,795$1,827,407$2,560,628
52$2,784,442$2,023,583$1,835,403$2,724,180
53$3,013,557$2,067,840$1,841,990$2,901,988
54$3,264,312$2,112,537$1,847,069$3,095,455
55$3,538,861$2,157,639$1,850,535$3,306,124
56$3,839,573$2,203,112$1,852,276$3,535,700
57$4,169,060$2,248,916$1,852,178$3,786,056
58$4,530,197$2,295,005$1,850,119$4,059,261
59$4,926,151$2,341,334$1,845,972$4,357,589
60$5,360,409$2,387,850$1,839,602$4,683,550
61$5,836,813$2,434,497$1,830,871$5,039,906
62$6,359,593$2,481,213$1,819,631$5,429,704
63$6,933,412$2,527,932$1,805,728$5,856,299
64$7,563,401$2,574,582$1,789,002$6,323,388
65$8,255,217$2,621,086$1,769,282$6,835,046
66$9,015,090$2,667,359$1,746,394$7,395,763
67$9,849,881$2,713,312$1,720,150$8,010,486
68$10,767,151$2,758,847$1,690,358$8,684,668
69$11,775,230$2,803,860$1,656,813$9,424,318
70$12,883,292$2,848,237$1,619,305$10,236,056
71$14,101,446$2,891,860$1,577,611$11,127,181
72$15,440,830$2,934,597$1,531,497$12,105,734
73$16,913,714$2,976,312$1,480,722$13,180,578
74$18,533,616$3,016,855$1,425,029$14,361,479
75$20,315,432$3,056,067$1,364,155$15,659,201
76$22,275,572$3,093,780$1,297,819$17,085,607
77$24,432,116$3,129,812$1,225,733$18,653,770
78$26,804,988$3,163,969$1,147,591$20,378,098
79$29,416,139$3,196,044$1,063,076$22,274,469
80$32,289,753$3,225,818$971,857$24,360,382
81$35,452,480$3,253,056$873,587$26,655,124
82$38,933,685$3,277,508$767,904$29,179,948
83$42,765,722$3,298,907$654,430$31,958,280
84$46,984,242$3,316,969$532,770$35,015,934
85$51,628,527$3,331,394$402,511$38,381,362
86$56,741,865$3,341,860$263,223$42,085,918
87$62,371,951$3,348,027$114,456$46,164,161
88$68,571,341$3,349,532$0$50,654,173
89$75,397,950$3,345,990$0$55,603,599
90$82,915,590$3,336,993$0$61,069,032
91$91,194,582$3,322,108$0$67,086,845
92$100,312,412$3,300,873$0$73,713,289
93$110,354,464$3,272,802$0$81,010,353
94$121,414,826$3,237,376$0$89,046,349
95$133,597,177$3,194,047$0$97,896,559
96$147,015,767$3,142,232$0$107,643,943
97$161,796,490$3,081,317$0$118,379,926
98$178,078,078$3,010,648$0$130,205,258
99$196,013,406$2,929,534$0$143,230,969
100$215,770,936$2,837,243$0$157,579,415