Can I retire at age 47 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$145,339$144,045$142,781$141,549$140,345$135,365
2 years$71,950$70,610$69,311$68,052$66,831$61,867
3 years$47,490$46,144$44,849$43,602$42,400$37,608
4 years$35,263$33,921$32,639$31,413$30,240$25,657
5 years$27,928$26,595$25,329$24,128$22,988$18,625
6 years$23,040$21,716$20,470$19,295$18,190$14,050
7 years$19,550$18,237$17,010$15,864$14,793$10,877
8 years$16,933$15,633$14,426$13,308$12,272$8,575
9 years$14,900$13,611$12,425$11,335$10,335$6,853
10 years$13,273$11,998$10,833$9,771$8,806$5,533
11 years$11,944$10,681$9,537$8,504$7,573$4,502
12 years$10,836$9,586$8,464$7,459$6,563$3,687
13 years$9,900$8,663$7,562$6,585$5,723$3,034
14 years$9,099$7,875$6,794$5,846$5,017$2,506
15 years$8,404$7,194$6,134$5,213$4,417$2,077
16 years$7,797$6,600$5,562$4,668$3,904$1,726
17 years$7,263$6,078$5,061$4,194$3,461$1,438
18 years$6,788$5,617$4,620$3,780$3,078$1,199
19 years$6,363$5,206$4,229$3,415$2,743$1,002
20 years$5,982$4,837$3,881$3,093$2,450$838
21 years$5,637$4,506$3,570$2,807$2,193$702
22 years$5,324$4,206$3,290$2,552$1,966$588
23 years$5,039$3,934$3,038$2,325$1,764$493
24 years$4,777$3,686$2,810$2,120$1,586$414
25 years$4,538$3,459$2,602$1,936$1,427$348
26 years$4,316$3,251$2,414$1,770$1,285$292
27 years$4,112$3,059$2,241$1,620$1,159$245
28 years$3,923$2,883$2,084$1,485$1,046$206
29 years$3,747$2,720$1,939$1,361$944$173
30 years$3,583$2,568$1,806$1,250$853$146
31 years$3,429$2,428$1,684$1,148$771$123
32 years$3,286$2,297$1,571$1,055$698$103
33 years$3,152$2,176$1,467$970$631$87
34 years$3,026$2,062$1,370$892$572$73
35 years$2,907$1,956$1,281$821$518$61
36 years$2,795$1,856$1,199$757$469$52
37 years$2,690$1,763$1,122$697$425$43
38 years$2,590$1,676$1,051$642$386$37
39 years$2,496$1,593$984$592$350$31
40 years$2,406$1,516$923$546$317$26
41 years$2,321$1,443$865$504$288$22
42 years$2,241$1,374$811$465$261$18
43 years$2,164$1,309$761$429$237$15
44 years$2,091$1,248$715$397$215$13
45 years$2,022$1,190$671$366$195$11
46 years$1,955$1,135$630$338$177$9
47 years$1,892$1,083$592$313$161$8
48 years$1,832$1,034$557$289$146$7
49 years$1,774$988$523$267$133$5
50 years$1,718$944$492$247$121$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,760,000, adding $5,032 every year, while hoping to spend $57,803 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: 54/27/19 Blend
46$1,760,000$1,760,000$1,760,000$1,760,000
47$1,944,711$1,851,431$1,824,151$2,039,451
48$2,081,569$1,880,649$1,823,758$2,134,071
49$2,230,450$1,909,361$1,821,414$2,230,484
50$2,392,518$1,937,482$1,816,994$2,334,173
51$2,569,056$1,964,920$1,810,364$2,445,851
52$2,761,475$1,991,576$1,801,387$2,566,301
53$2,971,327$2,017,345$1,789,915$2,696,389
54$3,200,322$2,042,114$1,775,796$2,837,072
55$3,450,340$2,065,764$1,758,871$2,989,402
56$3,723,454$2,088,165$1,738,972$3,154,543
57$4,021,942$2,109,181$1,715,924$3,333,780
58$4,348,315$2,128,666$1,689,542$3,528,527
59$4,705,337$2,146,464$1,659,635$3,740,349
60$5,096,049$2,162,409$1,626,001$3,970,969
61$5,523,804$2,176,324$1,588,430$4,222,291
62$5,992,290$2,188,022$1,546,700$4,496,413
63$6,505,570$2,197,303$1,500,582$4,795,652
64$7,068,121$2,203,953$1,449,834$5,122,563
65$7,684,870$2,207,747$1,394,204$5,479,967
66$8,361,245$2,208,445$1,333,428$5,870,972
67$9,103,224$2,205,791$1,267,230$6,299,012
68$9,917,393$2,199,515$1,195,323$6,767,871
69$10,811,005$2,189,329$1,117,404$7,281,725
70$11,792,050$2,174,928$1,033,159$7,845,181
71$12,869,328$2,155,989$942,259$8,463,320
72$14,052,535$2,132,168$844,360$9,141,747
73$15,352,351$2,103,102$739,104$9,886,645
74$16,780,542$2,068,405$626,114$10,704,833
75$18,350,069$2,027,668$505,001$11,603,831
76$20,075,212$1,980,460$375,355$12,591,934
77$21,971,703$1,926,322$236,748$13,678,292
78$24,056,874$1,864,768$88,736$14,872,993
79$26,349,820$1,795,287$0$16,187,164
80$28,871,579$1,717,334$0$17,647,109
81$31,645,332$1,630,335$0$19,272,437
82$34,696,616$1,533,681$0$21,060,163
83$38,053,570$1,426,731$0$23,026,851
84$41,747,197$1,308,803$0$25,190,756
85$45,811,657$1,179,181$0$27,572,002
86$50,284,589$1,037,104$0$30,192,771
87$55,207,464$881,769$0$33,077,514
88$60,625,979$712,329$0$36,253,184
89$66,590,484$527,889$0$39,749,487
90$73,156,459$327,501$0$43,599,171
91$80,385,037$110,167$0$47,838,330
92$88,343,578$0$0$52,506,751
93$97,106,307$0$0$57,685,473
94$106,755,013$0$0$63,424,058
95$117,379,818$0$0$69,743,400
96$129,080,031$0$0$76,702,593
97$141,965,081$0$0$84,366,752
98$156,155,551$0$0$92,807,631
99$171,784,315$0$0$102,104,298
100$188,997,791$0$0$112,343,878