Can I retire at age 47 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$144,513$143,226$141,970$140,744$139,547$136,507
2 years$71,541$70,209$68,918$67,666$66,451$63,403
3 years$47,220$45,882$44,594$43,354$42,159$39,199
4 years$35,062$33,728$32,453$31,234$30,068$27,219
5 years$27,769$26,443$25,185$23,991$22,858$20,126
6 years$22,909$21,593$20,353$19,186$18,086$15,476
7 years$19,439$18,134$16,914$15,774$14,709$12,221
8 years$16,837$15,544$14,344$13,232$12,203$9,836
9 years$14,815$13,534$12,355$11,271$10,276$8,029
10 years$13,198$11,929$10,771$9,716$8,756$6,625
11 years$11,876$10,620$9,483$8,455$7,530$5,514
12 years$10,775$9,532$8,416$7,417$6,526$4,621
13 years$9,844$8,614$7,519$6,548$5,691$3,893
14 years$9,047$7,830$6,756$5,812$4,988$3,295
15 years$8,357$7,153$6,099$5,184$4,392$2,799
16 years$7,753$6,563$5,530$4,641$3,882$2,385
17 years$7,221$6,044$5,032$4,170$3,442$2,038
18 years$6,749$5,585$4,594$3,758$3,060$1,745
19 years$6,327$5,176$4,205$3,396$2,728$1,497
20 years$5,948$4,810$3,859$3,076$2,436$1,286
21 years$5,605$4,480$3,550$2,791$2,180$1,106
22 years$5,294$4,182$3,272$2,538$1,954$953
23 years$5,010$3,911$3,021$2,311$1,754$821
24 years$4,750$3,665$2,794$2,108$1,577$709
25 years$4,512$3,439$2,588$1,925$1,419$612
26 years$4,292$3,232$2,400$1,760$1,278$529
27 years$4,089$3,042$2,229$1,611$1,152$457
28 years$3,900$2,866$2,072$1,476$1,040$395
29 years$3,725$2,704$1,928$1,354$939$342
30 years$3,562$2,554$1,796$1,242$848$296
31 years$3,410$2,414$1,674$1,141$767$256
32 years$3,268$2,284$1,562$1,049$694$222
33 years$3,134$2,163$1,458$964$628$192
34 years$3,009$2,050$1,363$887$568$166
35 years$2,891$1,945$1,274$817$515$144
36 years$2,779$1,846$1,192$752$467$125
37 years$2,674$1,753$1,116$693$423$108
38 years$2,575$1,666$1,045$639$383$94
39 years$2,481$1,584$979$589$348$81
40 years$2,393$1,507$917$543$315$70
41 years$2,308$1,435$860$501$286$61
42 years$2,228$1,366$807$463$260$53
43 years$2,152$1,302$757$427$236$46
44 years$2,079$1,241$711$394$214$40
45 years$2,010$1,183$667$364$194$35
46 years$1,944$1,129$627$336$176$30
47 years$1,881$1,077$589$311$160$26
48 years$1,821$1,028$553$287$145$23
49 years$1,764$982$520$265$132$20
50 years$1,709$938$489$245$120$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,750,000, adding $2,496 every year, while hoping to spend $30,416 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: 49/43/8 Blend
46$1,750,000$1,750,000$1,750,000$1,750,000
47$1,931,075$1,838,325$1,811,200$2,021,515
48$2,095,682$1,896,040$1,839,512$2,141,350
49$2,276,060$1,955,564$1,867,754$2,268,010
50$2,473,784$2,016,954$1,895,891$2,404,872
51$2,690,592$2,080,266$1,923,885$2,552,897
52$2,928,396$2,145,563$1,951,698$2,713,142
53$3,189,302$2,212,904$1,979,289$2,886,768
54$3,475,629$2,282,355$2,006,614$3,075,053
55$3,789,934$2,353,982$2,033,627$3,279,404
56$4,135,031$2,427,851$2,060,278$3,501,367
57$4,514,022$2,504,033$2,086,515$3,742,644
58$4,930,323$2,582,601$2,112,283$4,005,107
59$5,387,696$2,663,629$2,137,524$4,290,818
60$5,890,287$2,747,193$2,162,178$4,602,044
61$6,442,663$2,833,372$2,186,178$4,941,283
62$7,049,856$2,922,249$2,209,456$5,311,281
63$7,717,409$3,013,907$2,231,941$5,715,066
64$8,451,430$3,108,433$2,253,555$6,155,967
65$9,258,646$3,205,916$2,274,219$6,637,651
66$10,146,470$3,306,449$2,293,849$7,164,156
67$11,123,072$3,410,126$2,312,354$7,739,929
68$12,197,449$3,517,046$2,329,642$8,369,864
69$13,379,517$3,627,309$2,345,613$9,059,354
70$14,680,201$3,741,021$2,360,164$9,814,336
71$16,111,537$3,858,287$2,373,185$10,641,349
72$17,686,789$3,979,218$2,384,563$11,547,597
73$19,420,572$4,103,930$2,394,175$12,541,011
74$21,328,986$4,232,539$2,401,896$13,630,330
75$23,429,776$4,365,166$2,407,593$14,825,178
76$25,742,491$4,501,937$2,411,125$16,136,157
77$28,288,674$4,642,981$2,412,346$17,574,945
78$31,092,061$4,788,429$2,411,103$19,154,408
79$34,178,809$4,938,420$2,407,232$20,888,717
80$37,577,739$5,093,094$2,400,566$22,793,486
81$41,320,610$5,252,597$2,390,927$24,885,914
82$45,442,417$5,417,079$2,378,127$27,184,951
83$49,981,722$5,586,694$2,361,973$29,711,473
84$54,981,017$5,761,602$2,342,259$32,488,481
85$60,487,127$5,941,967$2,318,771$35,541,315
86$66,551,649$6,127,959$2,291,285$38,897,895
87$73,231,440$6,319,751$2,259,565$42,588,982
88$80,589,152$6,517,524$2,223,366$46,648,468
89$88,693,826$6,721,463$2,182,429$51,113,696
90$97,621,541$6,931,760$2,136,485$56,025,811
91$107,456,133$7,148,610$2,085,252$61,430,149
92$118,289,984$7,372,219$2,028,434$67,376,663
93$130,224,899$7,602,793$1,965,723$73,920,393
94$143,373,058$7,840,550$1,896,794$81,121,985
95$157,858,085$8,085,712$1,821,312$89,048,267
96$173,816,205$8,338,507$1,738,921$97,772,872
97$191,397,536$8,599,171$1,649,252$107,376,936
98$210,767,503$8,867,949$1,551,921$117,949,865
99$232,108,400$9,145,091$1,446,522$129,590,173
100$255,621,111$9,430,855$1,332,635$142,406,415