Can I retire at age 47 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$150,294$148,955$147,649$146,374$145,129$139,371
2 years$74,403$73,017$71,674$70,372$69,109$63,379
3 years$49,109$47,718$46,378$45,088$43,846$38,325
4 years$36,465$35,077$33,751$32,483$31,271$26,001
5 years$28,880$27,501$26,192$24,950$23,772$18,766
6 years$23,825$22,457$21,167$19,953$18,810$14,071
7 years$20,216$18,859$17,590$16,405$15,297$10,824
8 years$17,511$16,166$14,918$13,761$12,691$8,478
9 years$15,407$14,075$12,849$11,722$10,687$6,730
10 years$13,726$12,407$11,202$10,104$9,106$5,396
11 years$12,351$11,045$9,862$8,794$7,832$4,359
12 years$11,206$9,913$8,752$7,713$6,787$3,543
13 years$10,238$8,959$7,820$6,810$5,918$2,894
14 years$9,409$8,143$7,026$6,045$5,188$2,372
15 years$8,691$7,439$6,343$5,391$4,568$1,951
16 years$8,063$6,825$5,751$4,827$4,037$1,608
17 years$7,510$6,286$5,233$4,337$3,579$1,329
18 years$7,019$5,808$4,777$3,908$3,183$1,099
19 years$6,580$5,383$4,373$3,532$2,837$911
20 years$6,186$5,002$4,014$3,199$2,534$756
21 years$5,829$4,659$3,692$2,903$2,268$627
22 years$5,505$4,349$3,403$2,639$2,033$521
23 years$5,210$4,068$3,142$2,404$1,825$433
24 years$4,940$3,811$2,906$2,192$1,640$361
25 years$4,692$3,577$2,691$2,002$1,476$300
26 years$4,464$3,362$2,496$1,831$1,329$250
27 years$4,252$3,164$2,318$1,676$1,198$208
28 years$4,056$2,981$2,155$1,535$1,081$173
29 years$3,874$2,812$2,005$1,408$976$144
30 years$3,705$2,656$1,868$1,292$882$120
31 years$3,546$2,511$1,741$1,187$798$100
32 years$3,398$2,376$1,624$1,091$722$84
33 years$3,259$2,250$1,517$1,003$653$70
34 years$3,129$2,132$1,417$923$591$58
35 years$3,006$2,022$1,325$849$535$48
36 years$2,891$1,920$1,239$782$485$40
37 years$2,781$1,823$1,160$721$440$34
38 years$2,678$1,733$1,086$664$399$28
39 years$2,581$1,648$1,018$613$362$23
40 years$2,488$1,568$954$565$328$20
41 years$2,400$1,492$895$521$297$16
42 years$2,317$1,421$839$481$270$14
43 years$2,238$1,354$787$444$245$11
44 years$2,162$1,291$739$410$222$9
45 years$2,091$1,231$694$379$202$8
46 years$2,022$1,174$652$350$183$7
47 years$1,957$1,120$612$323$166$5
48 years$1,894$1,070$575$299$151$5
49 years$1,834$1,021$541$276$137$4
50 years$1,777$976$509$255$125$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,820,000, adding $3,541 every year, while hoping to spend $51,616 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: 45/27/28 Blend
46$1,820,000$1,820,000$1,820,000$1,820,000
47$2,009,293$1,912,833$1,884,623$2,083,302
48$2,159,321$1,951,642$1,892,838$2,175,083
49$2,322,923$1,990,624$1,899,599$2,269,329
50$2,501,428$2,029,731$1,904,803$2,370,554
51$2,696,299$2,068,914$1,908,339$2,479,438
52$2,909,149$2,108,118$1,910,096$2,596,732
53$3,141,751$2,147,284$1,909,953$2,723,266
54$3,396,059$2,186,350$1,907,785$2,859,952
55$3,674,222$2,225,246$1,903,461$3,007,801
56$3,978,608$2,263,899$1,896,843$3,167,926
57$4,311,824$2,302,228$1,887,785$3,341,555
58$4,676,742$2,340,149$1,876,138$3,530,044
59$5,076,522$2,377,569$1,861,741$3,734,889
60$5,514,647$2,414,389$1,844,428$3,957,740
61$5,994,950$2,450,503$1,824,026$4,200,419
62$6,521,655$2,485,798$1,800,351$4,464,935
63$7,099,414$2,520,152$1,773,213$4,753,505
64$7,733,349$2,553,434$1,742,410$5,068,575
65$8,429,104$2,585,506$1,707,734$5,412,844
66$9,192,895$2,616,219$1,668,966$5,789,289
67$10,031,570$2,645,413$1,625,876$6,201,194
68$10,952,671$2,672,919$1,578,223$6,652,183
69$11,964,507$2,698,556$1,525,758$7,146,251
70$13,076,233$2,722,131$1,468,217$7,687,809
71$14,297,932$2,743,439$1,405,325$8,281,720
72$15,640,714$2,762,260$1,336,797$8,933,347
73$17,116,818$2,778,362$1,262,331$9,648,608
74$18,739,728$2,791,497$1,181,614$10,434,029
75$20,524,301$2,801,401$1,094,318$11,296,808
76$22,486,903$2,807,793$1,000,101$12,244,882
77$24,645,568$2,810,376$898,606$13,287,007
78$27,020,165$2,808,833$789,458$14,432,839
79$29,632,584$2,802,827$672,267$15,693,024
80$32,506,945$2,792,004$546,625$17,079,306
81$35,669,823$2,775,982$412,107$18,604,633
82$39,150,502$2,754,362$268,269$20,283,284
83$42,981,243$2,726,716$114,647$22,131,003
84$47,197,598$2,692,593$0$24,165,153
85$51,838,738$2,651,515$0$26,419,605
86$56,947,824$2,602,974$0$28,938,249
87$62,572,415$2,546,433$0$31,710,228
88$68,764,916$2,481,322$0$34,761,367
89$75,583,071$2,407,040$0$38,120,130
90$83,090,507$2,322,948$0$41,817,887
91$91,357,338$2,228,372$0$45,889,216
92$100,460,821$2,122,596$0$50,372,224
93$110,486,087$2,004,866$0$55,308,914
94$121,526,946$1,874,383$0$60,745,576
95$133,686,768$1,730,301$0$66,733,233
96$147,079,461$1,571,728$0$73,328,114
97$161,830,542$1,397,719$0$80,592,198
98$178,078,326$1,207,276$0$88,593,788
99$195,975,227$999,345$0$97,408,168
100$215,689,200$772,812$0$107,118,308