Can I retire at age 47 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$148,642$147,318$146,027$144,766$143,535$141,273
2 years$73,585$72,215$70,887$69,599$68,350$66,077
3 years$48,570$47,193$45,868$44,593$43,364$41,151
4 years$36,064$34,692$33,380$32,127$30,928$28,791
5 years$28,563$27,199$25,905$24,676$23,511$21,457
6 years$23,564$22,210$20,935$19,734$18,603$16,635
7 years$19,994$18,652$17,397$16,224$15,129$13,247
8 years$17,318$15,988$14,754$13,610$12,551$10,754
9 years$15,238$13,921$12,708$11,593$10,570$8,858
10 years$13,575$12,270$11,079$9,993$9,006$7,377
11 years$12,215$10,924$9,754$8,697$7,746$6,198
12 years$11,083$9,804$8,656$7,628$6,712$5,244
13 years$10,125$8,860$7,734$6,735$5,853$4,463
14 years$9,305$8,054$6,949$5,978$5,131$3,816
15 years$8,595$7,357$6,274$5,332$4,518$3,275
16 years$7,975$6,750$5,688$4,774$3,993$2,821
17 years$7,428$6,217$5,176$4,289$3,540$2,436
18 years$6,942$5,744$4,725$3,866$3,148$2,109
19 years$6,508$5,324$4,325$3,493$2,806$1,829
20 years$6,118$4,947$3,970$3,163$2,506$1,589
21 years$5,765$4,608$3,651$2,871$2,243$1,383
22 years$5,445$4,302$3,365$2,610$2,010$1,205
23 years$5,153$4,023$3,107$2,377$1,804$1,051
24 years$4,886$3,769$2,874$2,168$1,622$917
25 years$4,641$3,537$2,662$1,980$1,459$801
26 years$4,415$3,325$2,468$1,811$1,315$701
27 years$4,206$3,129$2,292$1,657$1,185$613
28 years$4,012$2,948$2,131$1,518$1,069$537
29 years$3,832$2,781$1,983$1,392$966$470
30 years$3,664$2,627$1,847$1,278$873$412
31 years$3,507$2,483$1,722$1,174$789$361
32 years$3,361$2,350$1,607$1,079$714$317
33 years$3,224$2,225$1,500$992$646$278
34 years$3,095$2,109$1,402$913$585$243
35 years$2,973$2,000$1,310$840$530$214
36 years$2,859$1,898$1,226$774$480$187
37 years$2,751$1,803$1,147$713$435$165
38 years$2,649$1,714$1,074$657$394$144
39 years$2,552$1,629$1,007$606$358$127
40 years$2,461$1,550$944$559$324$111
41 years$2,374$1,476$885$516$294$98
42 years$2,292$1,405$830$476$267$86
43 years$2,213$1,339$779$439$242$75
44 years$2,139$1,276$731$406$220$66
45 years$2,068$1,217$686$375$200$58
46 years$2,000$1,161$645$346$181$51
47 years$1,935$1,108$606$320$165$45
48 years$1,873$1,058$569$295$149$39
49 years$1,814$1,010$535$273$136$35
50 years$1,757$965$503$252$123$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,800,000, adding $2,517 every year, while hoping to spend $24,382 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: 51/37/12 Blend
46$1,800,000$1,800,000$1,800,000$1,800,000
47$1,986,196$1,890,796$1,862,896$2,081,001
48$2,162,846$1,957,503$1,899,361$2,212,811
49$2,356,697$2,026,661$1,936,230$2,353,235
50$2,569,478$2,098,365$1,973,492$2,505,336
51$2,803,093$2,172,713$2,011,132$2,670,222
52$3,059,639$2,249,808$2,049,136$2,849,108
53$3,341,429$2,329,754$2,087,488$3,043,334
54$3,651,006$2,412,664$2,126,171$3,254,371
55$3,991,177$2,498,652$2,165,165$3,483,837
56$4,365,029$2,587,839$2,204,451$3,733,513
57$4,775,967$2,680,348$2,244,005$4,005,357
58$5,227,740$2,776,310$2,283,804$4,301,525
59$5,724,480$2,875,859$2,323,821$4,624,386
60$6,270,738$2,979,137$2,364,030$4,976,551
61$6,871,528$3,086,290$2,404,401$5,360,892
62$7,532,377$3,197,471$2,444,900$5,780,568
63$8,259,370$3,312,838$2,485,495$6,239,058
64$9,059,215$3,432,556$2,526,149$6,740,192
65$9,939,303$3,556,799$2,566,823$7,288,185
66$10,907,774$3,685,745$2,607,474$7,887,677
67$11,973,602$3,819,581$2,648,059$8,543,779
68$13,146,671$3,958,502$2,688,531$9,262,115
69$14,437,874$4,102,711$2,728,839$10,048,880
70$15,859,212$4,252,419$2,768,930$10,910,895
71$17,423,909$4,407,845$2,808,747$11,855,670
72$19,146,539$4,569,220$2,848,230$12,891,477
73$21,043,156$4,736,782$2,887,316$14,027,424
74$23,131,453$4,910,780$2,925,937$15,273,545
75$25,430,927$5,091,474$2,964,021$16,640,887
76$27,963,059$5,279,134$3,001,493$18,141,619
77$30,751,521$5,474,041$3,038,273$19,789,146
78$33,822,398$5,676,491$3,074,277$21,598,231
79$37,204,432$5,886,788$3,109,415$23,585,136
80$40,929,296$6,105,253$3,143,592$25,767,774
81$45,031,891$6,332,217$3,176,710$28,165,877
82$49,550,678$6,568,029$3,208,663$30,801,183
83$54,528,034$6,813,051$3,239,341$33,697,635
84$60,010,662$7,067,658$3,268,627$36,881,614
85$66,050,022$7,332,246$3,296,398$40,382,179
86$72,702,822$7,607,224$3,322,525$44,231,344
87$80,031,552$7,893,020$3,346,872$48,464,379
88$88,105,073$8,190,081$3,369,296$53,120,142
89$96,999,269$8,498,873$3,389,645$58,241,443
90$106,797,757$8,819,881$3,407,761$63,875,445
91$117,592,686$9,153,612$3,423,478$70,074,114
92$129,485,596$9,500,595$3,436,621$76,894,702
93$142,588,384$9,861,382$3,447,005$84,400,288
94$157,024,357$10,236,547$3,454,438$92,660,373
95$172,929,396$10,626,693$3,458,716$101,751,533
96$190,453,239$11,032,445$3,459,627$111,758,141
97$209,760,892$11,454,458$3,456,948$122,773,161
98$231,034,191$11,893,414$3,450,444$134,899,023
99$254,473,514$12,350,027$3,439,869$148,248,590
100$280,299,673$12,825,039$3,424,965$162,946,221