Can I retire at age 47 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$151,120$149,774$148,460$147,178$145,927$141,881
2 years$74,812$73,418$72,068$70,759$69,489$65,443
3 years$49,379$47,980$46,633$45,336$44,087$40,168
4 years$36,665$35,270$33,937$32,662$31,443$27,681
5 years$29,039$27,652$26,336$25,088$23,902$20,307
6 years$23,956$22,580$21,284$20,063$18,913$15,488
7 years$20,327$18,963$17,687$16,495$15,381$12,127
8 years$17,607$16,255$15,000$13,837$12,760$9,675
9 years$15,492$14,153$12,919$11,786$10,746$7,826
10 years$13,801$12,475$11,263$10,160$9,156$6,398
11 years$12,419$11,106$9,916$8,842$7,875$5,274
12 years$11,267$9,968$8,800$7,756$6,824$4,377
13 years$10,294$9,008$7,862$6,847$5,951$3,651
14 years$9,460$8,188$7,064$6,078$5,216$3,058
15 years$8,739$7,480$6,378$5,421$4,593$2,571
16 years$8,108$6,863$5,783$4,853$4,059$2,167
17 years$7,551$6,320$5,262$4,361$3,599$1,832
18 years$7,058$5,840$4,804$3,930$3,200$1,551
19 years$6,616$5,413$4,398$3,551$2,852$1,316
20 years$6,220$5,030$4,036$3,216$2,548$1,118
21 years$5,861$4,685$3,712$2,919$2,280$950
22 years$5,536$4,373$3,421$2,654$2,044$809
23 years$5,239$4,090$3,159$2,417$1,835$689
24 years$4,967$3,832$2,922$2,204$1,649$588
25 years$4,718$3,596$2,706$2,013$1,484$501
26 years$4,488$3,380$2,510$1,841$1,337$428
27 years$4,276$3,181$2,330$1,685$1,205$365
28 years$4,079$2,997$2,166$1,544$1,087$312
29 years$3,896$2,828$2,016$1,416$982$267
30 years$3,725$2,670$1,878$1,299$887$228
31 years$3,566$2,524$1,751$1,193$802$195
32 years$3,417$2,389$1,633$1,097$726$167
33 years$3,277$2,262$1,525$1,008$657$143
34 years$3,146$2,144$1,425$928$594$122
35 years$3,023$2,034$1,332$854$538$104
36 years$2,906$1,930$1,246$787$488$89
37 years$2,797$1,833$1,167$725$442$76
38 years$2,693$1,742$1,092$668$401$65
39 years$2,595$1,657$1,023$616$364$56
40 years$2,502$1,576$959$568$330$48
41 years$2,414$1,500$899$524$299$41
42 years$2,330$1,429$844$484$271$35
43 years$2,250$1,361$792$447$246$30
44 years$2,174$1,298$743$412$224$26
45 years$2,102$1,237$698$381$203$22
46 years$2,033$1,181$655$352$184$19
47 years$1,967$1,127$616$325$167$16
48 years$1,904$1,075$579$300$152$14
49 years$1,844$1,027$544$278$138$12
50 years$1,787$981$511$257$125$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,830,000, adding $5,836 every year, while hoping to spend $43,245 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: 37/47/16 Blend
46$1,830,000$1,830,000$1,830,000$1,830,000
47$2,022,680$1,925,690$1,897,325$2,087,494
48$2,182,981$1,974,036$1,914,873$2,183,034
49$2,358,183$2,023,302$1,931,559$2,281,616
50$2,549,761$2,073,487$1,947,310$2,387,176
51$2,759,338$2,124,589$1,962,046$2,500,362
52$2,988,701$2,176,605$1,975,685$2,621,888
53$3,239,818$2,229,528$1,988,140$2,752,539
54$3,514,856$2,283,352$1,999,319$2,893,181
55$3,816,203$2,338,067$2,009,128$3,044,766
56$4,146,486$2,393,663$2,017,464$3,208,343
57$4,508,600$2,450,125$2,024,222$3,385,070
58$4,905,734$2,507,438$2,029,290$3,576,219
59$5,341,399$2,565,583$2,032,552$3,783,194
60$5,819,464$2,624,538$2,033,884$4,007,542
61$6,344,188$2,684,279$2,033,158$4,250,966
62$6,920,265$2,744,779$2,030,238$4,515,344
63$7,552,864$2,806,005$2,024,984$4,802,746
64$8,247,680$2,867,924$2,017,245$5,115,451
65$9,010,987$2,930,496$2,006,866$5,455,973
66$9,849,696$2,993,678$1,993,684$5,827,081
67$10,771,420$3,057,423$1,977,528$6,231,829
68$11,784,547$3,121,679$1,958,217$6,673,582
69$12,898,318$3,186,389$1,935,565$7,156,047
70$14,122,914$3,251,489$1,909,374$7,683,313
71$15,469,551$3,316,912$1,879,437$8,259,885
72$16,950,587$3,382,583$1,845,540$8,890,731
73$18,579,638$3,448,420$1,807,457$9,581,324
74$20,371,705$3,514,336$1,764,950$10,337,700
75$22,343,316$3,580,236$1,717,774$11,166,509
76$24,512,684$3,646,017$1,665,668$12,075,083
77$26,899,872$3,711,567$1,608,363$13,071,506
78$29,526,991$3,776,765$1,545,575$14,164,686
79$32,418,401$3,841,484$1,477,009$15,364,442
80$35,600,945$3,905,583$1,402,355$16,681,601
81$39,104,197$3,968,913$1,321,290$18,128,094
82$42,960,748$4,031,312$1,233,476$19,717,075
83$47,206,506$4,092,608$1,138,560$21,463,041
84$51,881,041$4,152,617$1,036,172$23,381,975
85$57,027,951$4,211,139$925,928$25,491,492
86$62,695,280$4,267,963$807,424$27,811,011
87$68,935,967$4,322,861$680,241$30,361,935
88$75,808,345$4,375,591$543,939$33,167,859
89$83,376,695$4,425,894$398,059$36,254,787
90$91,711,847$4,473,492$242,123$39,651,385
91$100,891,852$4,518,090$75,632$43,389,251
92$111,002,718$4,559,373$0$47,503,210
93$122,139,219$4,597,007$0$52,049,073
94$134,405,792$4,630,632$0$57,066,643
95$147,917,518$4,659,868$0$62,589,730
96$162,801,214$4,684,311$0$68,669,841
97$179,196,625$4,703,529$0$75,363,743
98$197,257,742$4,717,064$0$82,733,999
99$217,154,260$4,724,428$0$90,849,558
100$239,073,174$4,725,105$0$99,786,410