Can I retire at age 47 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$142,862$141,589$140,348$139,136$137,953$135,167
2 years$70,724$69,406$68,130$66,892$65,692$62,898
3 years$46,681$45,358$44,085$42,859$41,678$38,962
4 years$34,662$33,343$32,082$30,877$29,725$27,109
5 years$27,452$26,141$24,897$23,717$22,596$20,087
6 years$22,647$21,346$20,121$18,966$17,880$15,480
7 years$19,217$17,927$16,720$15,593$14,541$12,252
8 years$16,645$15,366$14,180$13,081$12,063$9,883
9 years$14,646$13,379$12,213$11,142$10,159$8,087
10 years$13,047$11,793$10,648$9,604$8,656$6,690
11 years$11,740$10,499$9,374$8,359$7,444$5,582
12 years$10,652$9,423$8,319$7,332$6,451$4,689
13 years$9,732$8,516$7,433$6,473$5,626$3,962
14 years$8,943$7,741$6,678$5,746$4,931$3,362
15 years$8,261$7,071$6,030$5,124$4,342$2,864
16 years$7,665$6,488$5,467$4,588$3,837$2,448
17 years$7,139$5,975$4,975$4,123$3,402$2,097
18 years$6,672$5,521$4,541$3,715$3,025$1,801
19 years$6,255$5,117$4,157$3,357$2,697$1,549
20 years$5,880$4,755$3,815$3,040$2,409$1,335
21 years$5,541$4,429$3,509$2,759$2,155$1,152
22 years$5,233$4,134$3,234$2,509$1,932$995
23 years$4,953$3,867$2,986$2,285$1,734$861
24 years$4,696$3,623$2,762$2,084$1,559$745
25 years$4,460$3,400$2,558$1,903$1,403$645
26 years$4,243$3,195$2,372$1,740$1,264$559
27 years$4,042$3,007$2,203$1,593$1,139$485
28 years$3,856$2,834$2,048$1,459$1,028$421
29 years$3,683$2,673$1,906$1,338$928$365
30 years$3,522$2,525$1,775$1,228$839$317
31 years$3,371$2,387$1,655$1,128$758$275
32 years$3,230$2,258$1,544$1,037$686$239
33 years$3,098$2,139$1,442$953$621$208
34 years$2,974$2,027$1,347$877$562$181
35 years$2,858$1,922$1,259$807$509$157
36 years$2,748$1,825$1,178$744$461$137
37 years$2,644$1,733$1,103$685$418$119
38 years$2,546$1,647$1,033$632$379$103
39 years$2,453$1,566$968$582$344$90
40 years$2,365$1,490$907$537$312$78
41 years$2,282$1,418$850$496$283$68
42 years$2,203$1,351$798$457$257$59
43 years$2,127$1,287$748$422$233$51
44 years$2,055$1,227$703$390$211$45
45 years$1,987$1,170$660$360$192$39
46 years$1,922$1,116$620$333$174$34
47 years$1,860$1,065$582$307$158$29
48 years$1,800$1,017$547$284$144$26
49 years$1,743$971$514$262$130$22
50 years$1,689$927$483$242$119$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,730,000, adding $3,012 every year, while hoping to spend $39,529 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: 26/46/28 Blend
46$1,730,000$1,730,000$1,730,000$1,730,000
47$1,909,567$1,817,877$1,791,062$1,942,443
48$2,062,284$1,864,894$1,809,004$2,016,719
49$2,229,254$1,912,891$1,826,222$2,092,780
50$2,411,888$1,961,872$1,842,651$2,173,577
51$2,611,741$2,011,845$1,858,220$2,259,541
52$2,830,525$2,062,811$1,872,857$2,351,141
53$3,070,125$2,114,776$1,886,484$2,448,897
54$3,332,617$2,167,739$1,899,020$2,553,381
55$3,620,287$2,221,702$1,910,381$2,665,225
56$3,935,654$2,276,663$1,920,477$2,785,122
57$4,281,491$2,332,619$1,929,212$2,913,839
58$4,660,851$2,389,566$1,936,489$3,052,221
59$5,077,099$2,447,496$1,942,203$3,201,197
60$5,533,942$2,506,402$1,946,245$3,361,795
61$6,035,460$2,566,271$1,948,500$3,535,144
62$6,586,150$2,627,092$1,948,849$3,722,493
63$7,190,965$2,688,847$1,947,163$3,925,216
64$7,855,362$2,751,519$1,943,311$4,144,829
65$8,585,352$2,815,086$1,937,155$4,383,005
66$9,387,555$2,879,523$1,928,547$4,641,586
67$10,269,268$2,944,802$1,917,336$4,922,605
68$11,238,528$3,010,892$1,903,361$5,228,304
69$12,304,188$3,077,756$1,886,454$5,561,153
70$13,476,005$3,145,356$1,866,440$5,923,878
71$14,764,726$3,213,647$1,843,134$6,319,485
72$16,182,193$3,282,580$1,816,344$6,751,286
73$17,741,453$3,352,103$1,785,868$7,222,936
74$19,456,880$3,422,155$1,751,494$7,738,464
75$21,344,314$3,492,673$1,713,001$8,302,314
76$23,421,205$3,563,585$1,670,157$8,919,383
77$25,706,782$3,634,814$1,622,721$9,595,076
78$28,222,231$3,706,278$1,570,440$10,335,347
79$30,990,897$3,777,883$1,513,048$11,146,766
80$34,038,501$3,849,532$1,450,268$12,036,574
81$37,393,387$3,921,118$1,381,810$13,012,758
82$41,086,785$3,992,525$1,307,373$14,084,121
83$45,153,106$4,063,628$1,226,639$15,260,373
84$49,630,269$4,134,292$1,139,278$16,552,217
85$54,560,056$4,204,372$1,044,943$17,971,454
86$59,988,508$4,273,713$943,275$19,531,097
87$65,966,357$4,342,146$833,896$21,245,491
88$72,549,506$4,409,491$716,412$23,130,454
89$79,799,555$4,475,555$590,411$25,203,422
90$87,784,384$4,540,132$455,464$27,483,621
91$96,578,791$4,602,999$311,123$29,992,246
92$106,265,201$4,663,919$156,919$32,752,663
93$116,934,439$4,722,639$0$35,790,631
94$128,686,590$4,778,886$0$39,136,834
95$141,631,943$4,832,373$0$42,870,471
96$155,892,031$4,882,788$0$46,979,285
97$171,600,777$4,929,804$0$51,501,486
98$188,905,759$4,973,067$0$56,479,187
99$207,969,603$5,012,204$0$61,958,803
100$228,971,516$5,046,816$0$67,991,484