Can I retire at age 47 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$155,249$153,866$152,517$151,200$149,914$144,080
2 years$76,856$75,424$74,037$72,692$71,388$65,580
3 years$50,728$49,291$47,907$46,575$45,291$39,693
4 years$37,667$36,234$34,864$33,554$32,302$26,957
5 years$29,832$28,408$27,056$25,773$24,556$19,476
6 years$24,611$23,197$21,865$20,611$19,430$14,620
7 years$20,883$19,481$18,170$16,945$15,802$11,259
8 years$18,088$16,699$15,410$14,215$13,109$8,830
9 years$15,915$14,539$13,272$12,108$11,040$7,017
10 years$14,178$12,816$11,571$10,437$9,406$5,633
11 years$12,758$11,409$10,187$9,084$8,090$4,557
12 years$11,575$10,240$9,041$7,967$7,010$3,709
13 years$10,575$9,254$8,077$7,034$6,113$3,033
14 years$9,719$8,412$7,257$6,244$5,359$2,490
15 years$8,977$7,684$6,553$5,569$4,718$2,051
16 years$8,329$7,050$5,941$4,986$4,170$1,693
17 years$7,758$6,493$5,406$4,480$3,697$1,401
18 years$7,250$6,000$4,935$4,037$3,288$1,161
19 years$6,797$5,560$4,518$3,648$2,930$963
20 years$6,390$5,167$4,146$3,304$2,617$800
21 years$6,021$4,813$3,814$2,999$2,342$666
22 years$5,687$4,493$3,515$2,726$2,100$554
23 years$5,382$4,202$3,245$2,483$1,885$461
24 years$5,103$3,937$3,001$2,265$1,694$384
25 years$4,847$3,695$2,780$2,068$1,524$320
26 years$4,611$3,472$2,578$1,891$1,373$267
27 years$4,392$3,268$2,394$1,731$1,238$223
28 years$4,190$3,079$2,226$1,586$1,117$186
29 years$4,002$2,905$2,071$1,454$1,009$155
30 years$3,827$2,743$1,929$1,335$911$129
31 years$3,663$2,593$1,799$1,226$824$108
32 years$3,510$2,454$1,678$1,127$745$90
33 years$3,367$2,324$1,567$1,036$675$75
34 years$3,232$2,203$1,464$953$611$63
35 years$3,105$2,089$1,369$877$553$53
36 years$2,986$1,983$1,280$808$501$44
37 years$2,873$1,883$1,198$745$454$37
38 years$2,767$1,790$1,122$686$412$31
39 years$2,666$1,702$1,051$633$373$26
40 years$2,570$1,619$985$584$339$21
41 years$2,480$1,541$924$538$307$18
42 years$2,394$1,468$867$497$279$15
43 years$2,312$1,399$813$459$253$12
44 years$2,234$1,333$764$424$230$10
45 years$2,159$1,271$717$391$209$9
46 years$2,089$1,213$673$361$189$7
47 years$2,021$1,157$633$334$172$6
48 years$1,956$1,105$594$308$156$5
49 years$1,895$1,055$559$285$142$4
50 years$1,836$1,008$525$264$129$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,880,000, adding $6,894 every year, while hoping to spend $54,407 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: 60/19/21 Blend
46$1,880,000$1,880,000$1,880,000$1,880,000
47$2,078,871$1,979,231$1,950,091$2,191,717
48$2,233,027$2,018,325$1,957,531$2,308,092
49$2,401,084$2,057,511$1,963,396$2,428,435
50$2,584,402$2,096,736$1,967,576$2,558,516
51$2,784,477$2,135,942$1,969,957$2,699,287
52$3,002,959$2,175,069$1,970,416$2,851,801
53$3,241,662$2,214,049$1,968,826$3,017,215
54$3,502,584$2,252,809$1,965,054$3,196,808
55$3,787,923$2,291,272$1,958,958$3,391,988
56$4,100,101$2,329,354$1,950,393$3,604,307
57$4,441,784$2,366,965$1,939,204$3,835,476
58$4,815,908$2,404,008$1,925,229$4,087,384
59$5,225,706$2,440,380$1,908,300$4,362,111
60$5,674,738$2,475,969$1,888,239$4,661,949
61$6,166,927$2,510,657$1,864,860$4,989,429
62$6,706,589$2,544,315$1,837,969$5,347,337
63$7,298,482$2,576,808$1,807,362$5,738,749
64$7,947,845$2,607,989$1,772,826$6,167,052
65$8,660,447$2,637,702$1,734,138$6,635,982
66$9,442,646$2,665,783$1,691,064$7,149,660
67$10,301,442$2,692,052$1,643,361$7,712,625
68$11,244,548$2,716,322$1,590,772$8,329,886
69$12,280,460$2,738,390$1,533,032$9,006,960
70$13,418,538$2,758,042$1,469,859$9,749,934
71$14,669,092$2,775,049$1,400,962$10,565,517
72$16,043,481$2,789,168$1,326,036$11,461,104
73$17,554,219$2,800,140$1,244,762$12,444,850
74$19,215,093$2,807,691$1,156,805$13,525,742
75$21,041,293$2,811,528$1,061,818$14,713,691
76$23,049,551$2,811,339$959,435$16,019,620
77$25,258,307$2,806,796$849,278$17,455,572
78$27,687,873$2,797,548$730,947$19,034,824
79$30,360,631$2,783,223$604,029$20,772,010
80$33,301,242$2,763,427$468,090$22,683,262
81$36,536,875$2,737,742$322,678$24,786,365
82$40,097,468$2,705,723$167,320$27,100,923
83$44,016,008$2,666,901$1,523$29,648,546
84$48,328,839$2,620,778$0$32,453,055
85$53,076,010$2,566,826$0$35,580,013
86$58,301,648$2,504,485$0$39,021,978
87$64,054,375$2,433,164$0$42,810,640
88$70,387,768$2,352,235$0$46,981,297
89$77,360,862$2,261,037$0$51,572,851
90$85,038,709$2,158,866$0$56,628,172
91$93,492,987$2,044,981$0$62,194,507
92$102,802,683$1,918,596$0$68,323,922
93$113,054,829$1,778,880$0$75,073,799
94$124,345,333$1,624,956$0$82,507,374
95$136,779,873$1,455,895$0$90,694,338
96$150,474,903$1,270,717$0$99,711,491
97$165,558,746$1,068,384$0$109,643,474
98$182,172,806$847,803$0$120,583,563
99$200,472,902$607,816$0$132,634,556
100$220,630,740$347,201$0$145,909,739