Can I retire at age 47 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$151,945$150,592$149,272$147,983$146,724$144,951
2 years$75,221$73,820$72,462$71,146$69,869$68,084
3 years$49,649$48,242$46,888$45,584$44,328$42,587
4 years$36,866$35,463$34,122$32,840$31,615$29,932
5 years$29,198$27,803$26,480$25,225$24,033$22,412
6 years$24,087$22,704$21,400$20,172$19,017$17,460
7 years$20,438$19,066$17,783$16,585$15,466$13,974
8 years$17,703$16,343$15,082$13,913$12,830$11,404
9 years$15,577$14,230$12,990$11,850$10,805$9,443
10 years$13,877$12,543$11,325$10,215$9,206$7,908
11 years$12,487$11,166$9,970$8,890$7,918$6,681
12 years$11,329$10,022$8,848$7,798$6,861$5,686
13 years$10,350$9,057$7,905$6,884$5,983$4,867
14 years$9,512$8,233$7,103$6,111$5,245$4,186
15 years$8,786$7,521$6,413$5,450$4,618$3,616
16 years$8,152$6,900$5,814$4,880$4,081$3,133
17 years$7,593$6,355$5,291$4,385$3,619$2,723
18 years$7,096$5,872$4,830$3,951$3,218$2,372
19 years$6,652$5,442$4,422$3,570$2,868$2,071
20 years$6,254$5,057$4,058$3,234$2,562$1,812
21 years$5,893$4,711$3,732$2,935$2,292$1,587
22 years$5,566$4,397$3,440$2,668$2,055$1,392
23 years$5,268$4,113$3,176$2,430$1,845$1,223
24 years$4,995$3,853$2,938$2,216$1,658$1,075
25 years$4,744$3,616$2,721$2,024$1,492$946
26 years$4,513$3,398$2,523$1,851$1,344$833
27 years$4,299$3,198$2,343$1,694$1,212$734
28 years$4,101$3,014$2,178$1,552$1,093$647
29 years$3,917$2,843$2,027$1,423$987$571
30 years$3,745$2,685$1,888$1,306$892$504
31 years$3,585$2,538$1,760$1,200$806$445
32 years$3,436$2,402$1,642$1,103$729$393
33 years$3,295$2,274$1,533$1,014$660$347
34 years$3,163$2,156$1,433$933$598$307
35 years$3,039$2,045$1,340$859$541$272
36 years$2,922$1,941$1,253$791$491$240
37 years$2,812$1,843$1,173$729$445$212
38 years$2,708$1,752$1,098$672$403$188
39 years$2,609$1,666$1,029$619$365$166
40 years$2,516$1,585$965$571$332$147
41 years$2,427$1,509$904$527$301$130
42 years$2,343$1,437$848$486$273$115
43 years$2,262$1,369$796$449$248$102
44 years$2,186$1,305$747$415$225$90
45 years$2,114$1,244$702$383$204$80
46 years$2,044$1,187$659$354$185$71
47 years$1,978$1,133$619$327$168$63
48 years$1,915$1,081$582$302$153$55
49 years$1,854$1,033$547$279$139$49
50 years$1,796$986$514$258$126$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,840,000, adding $4,266 every year, while hoping to spend $41,941 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: 82/9/9 Blend
46$1,840,000$1,840,000$1,840,000$1,840,000
47$2,032,080$1,934,560$1,906,040$2,195,801
48$2,194,728$1,984,729$1,925,268$2,353,765
49$2,372,559$2,035,950$1,943,734$2,521,142
50$2,567,080$2,088,231$1,961,368$2,703,626
51$2,779,946$2,141,578$1,978,098$2,902,709
52$3,012,981$2,195,997$1,993,845$3,120,033
53$3,268,195$2,251,490$2,008,529$3,357,404
54$3,547,799$2,308,061$2,022,063$3,616,814
55$3,854,230$2,365,712$2,034,357$3,900,458
56$4,190,170$2,424,440$2,045,316$4,210,750
57$4,558,574$2,484,245$2,054,842$4,550,351
58$4,962,698$2,545,121$2,062,827$4,922,192
59$5,406,125$2,607,064$2,069,164$5,329,503
60$5,892,804$2,670,065$2,073,736$5,775,839
61$6,427,085$2,734,113$2,076,421$6,265,119
62$7,013,760$2,799,196$2,077,093$6,801,660
63$7,658,105$2,865,299$2,075,617$7,390,217
64$8,365,934$2,932,402$2,071,853$8,036,029
65$9,143,654$3,000,484$2,065,655$8,744,869
66$9,998,320$3,069,520$2,056,867$9,523,096
67$10,937,704$3,139,483$2,045,328$10,377,718
68$11,970,372$3,210,340$2,030,869$11,316,453
69$13,105,759$3,282,055$2,013,312$12,347,809
70$14,354,259$3,354,588$1,992,470$13,481,158
71$15,727,324$3,427,894$1,968,149$14,726,827
72$17,237,574$3,501,923$1,940,144$16,096,195
73$18,898,910$3,576,621$1,908,243$17,601,799
74$20,726,650$3,651,926$1,872,220$19,257,455
75$22,737,671$3,727,774$1,831,842$21,078,385
76$24,950,569$3,804,090$1,786,864$23,081,365
77$27,385,832$3,880,796$1,737,030$25,284,878
78$30,066,037$3,957,805$1,682,070$27,709,292
79$33,016,059$4,035,023$1,621,706$30,377,049
80$36,263,306$4,112,348$1,555,642$33,312,882
81$39,837,981$4,189,671$1,483,573$36,544,043
82$43,773,360$4,266,870$1,405,178$40,100,562
83$48,106,113$4,343,817$1,320,122$44,015,531
84$52,876,645$4,420,372$1,228,054$48,325,417
85$58,129,477$4,496,385$1,128,609$53,070,405
86$63,913,671$4,571,695$1,021,404$58,294,775
87$70,283,284$4,646,127$906,040$64,047,324
88$77,297,886$4,719,494$782,099$70,381,826
89$85,023,117$4,791,595$649,146$77,357,537
90$93,531,308$4,862,217$506,726$85,039,756
91$102,902,163$4,931,128$354,363$93,500,440
92$113,223,512$4,998,081$191,562$102,818,888
93$124,592,136$5,062,813$17,805$113,082,482
94$137,114,684$5,125,041$0$124,387,517
95$150,908,678$5,184,464$0$136,856,209
96$166,103,620$5,240,760$0$150,592,270
97$182,842,218$5,293,585$0$165,722,911
98$201,281,728$5,342,574$0$182,390,202
99$221,595,440$5,387,336$0$200,750,698
100$243,974,314$5,427,455$0$220,976,919