Can I retire at age 47 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$156,074$154,684$153,328$152,004$150,711$146,830
2 years$77,265$75,826$74,431$73,079$71,767$67,882
3 years$50,998$49,553$48,162$46,822$45,532$41,766
4 years$37,867$36,427$35,049$33,733$32,474$28,855
5 years$29,991$28,559$27,200$25,910$24,686$21,224
6 years$24,742$23,320$21,981$20,720$19,533$16,232
7 years$20,994$19,585$18,267$17,035$15,886$12,745
8 years$18,184$16,788$15,492$14,291$13,179$10,198
9 years$16,000$14,617$13,343$12,172$11,098$8,275
10 years$14,254$12,884$11,633$10,493$9,456$6,786
11 years$12,826$11,470$10,241$9,132$8,133$5,612
12 years$11,637$10,295$9,089$8,010$7,048$4,672
13 years$10,632$9,303$8,120$7,071$6,146$3,910
14 years$9,771$8,456$7,296$6,277$5,387$3,287
15 years$9,025$7,725$6,587$5,598$4,743$2,773
16 years$8,373$7,088$5,972$5,013$4,192$2,346
17 years$7,799$6,527$5,435$4,504$3,717$1,990
18 years$7,289$6,032$4,961$4,059$3,305$1,691
19 years$6,833$5,590$4,542$3,667$2,946$1,440
20 years$6,424$5,195$4,168$3,322$2,631$1,228
21 years$6,053$4,839$3,834$3,015$2,355$1,048
22 years$5,717$4,517$3,534$2,741$2,111$896
23 years$5,411$4,224$3,263$2,496$1,895$766
24 years$5,130$3,958$3,017$2,277$1,703$656
25 years$4,873$3,714$2,795$2,079$1,532$562
26 years$4,635$3,491$2,592$1,901$1,380$481
27 years$4,416$3,285$2,407$1,740$1,245$413
28 years$4,212$3,096$2,237$1,594$1,123$354
29 years$4,023$2,920$2,082$1,462$1,014$304
30 years$3,847$2,758$1,939$1,342$916$261
31 years$3,683$2,607$1,808$1,232$828$224
32 years$3,529$2,467$1,687$1,133$749$192
33 years$3,385$2,336$1,575$1,041$678$165
34 years$3,249$2,214$1,472$958$614$142
35 years$3,122$2,100$1,376$882$556$122
36 years$3,002$1,993$1,287$812$504$105
37 years$2,888$1,893$1,205$749$457$90
38 years$2,781$1,799$1,128$690$414$77
39 years$2,680$1,711$1,057$636$375$66
40 years$2,584$1,628$991$587$341$57
41 years$2,493$1,550$929$541$309$49
42 years$2,406$1,476$871$500$280$42
43 years$2,324$1,406$818$461$254$36
44 years$2,246$1,340$768$426$231$31
45 years$2,171$1,278$721$393$210$27
46 years$2,100$1,219$677$363$190$23
47 years$2,032$1,164$636$336$173$20
48 years$1,967$1,111$598$310$157$17
49 years$1,905$1,061$562$287$143$15
50 years$1,845$1,013$528$265$129$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,890,000, adding $5,676 every year, while hoping to spend $59,742 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: 75/20/5 Blend
46$1,890,000$1,890,000$1,890,000$1,890,000
47$2,088,635$1,988,465$1,959,170$2,244,162
48$2,238,111$2,022,335$1,961,237$2,381,023
49$2,400,830$2,055,862$1,961,371$2,522,728
50$2,578,082$2,088,966$1,959,444$2,676,255
51$2,771,284$2,121,562$1,955,323$2,842,749
52$2,981,994$2,153,558$1,948,865$3,023,473
53$3,211,930$2,184,855$1,939,925$3,219,819
54$3,462,981$2,215,347$1,928,347$3,433,317
55$3,737,228$2,244,922$1,913,969$3,665,656
56$4,036,960$2,273,458$1,896,622$3,918,694
57$4,364,699$2,300,826$1,876,127$4,194,478
58$4,723,220$2,326,888$1,852,299$4,495,265
59$5,115,579$2,351,497$1,824,942$4,823,540
60$5,545,143$2,374,495$1,793,853$5,182,041
61$6,015,618$2,395,716$1,758,817$5,573,785
62$6,531,084$2,414,979$1,719,610$6,002,097
63$7,096,037$2,432,095$1,676,000$6,470,640
64$7,715,426$2,446,862$1,627,739$6,983,450
65$8,394,705$2,459,063$1,574,574$7,544,976
66$9,139,878$2,468,470$1,516,235$8,160,118
67$9,957,559$2,474,838$1,452,442$8,834,279
68$10,855,034$2,477,909$1,382,903$9,573,410
69$11,840,328$2,477,408$1,307,311$10,384,072
70$12,922,282$2,473,041$1,225,346$11,273,493
71$14,110,633$2,464,499$1,136,674$12,249,640
72$15,416,110$2,451,452$1,040,945$13,321,292
73$16,850,531$2,433,551$937,795$14,498,126
74$18,426,916$2,410,425$826,841$15,790,805
75$20,159,607$2,381,681$707,686$17,211,081
76$22,064,406$2,346,903$579,913$18,771,905
77$24,158,723$2,305,649$443,088$20,487,553
78$26,461,739$2,257,452$296,757$22,373,755
79$28,994,585$2,201,816$140,447$24,447,849
80$31,780,545$2,138,217$0$26,728,944
81$34,845,271$2,066,100$0$29,239,505
82$38,217,026$1,984,877$0$32,009,423
83$41,926,954$1,893,926$0$35,056,805
84$46,009,365$1,792,591$0$38,409,873
85$50,502,067$1,680,174$0$42,099,728
86$55,446,716$1,555,942$0$46,160,646
87$60,889,213$1,419,115$0$50,630,399
88$66,880,133$1,268,872$0$55,550,618
89$73,475,204$1,104,344$0$60,967,177
90$80,735,831$924,613$0$66,930,637
91$88,729,676$728,709$0$73,496,716
92$97,531,295$515,607$0$80,726,822
93$107,222,842$284,227$0$88,688,626
94$117,894,842$33,424$0$97,456,709
95$129,647,047$0$0$107,113,263
96$142,589,375$0$0$117,801,248
97$156,842,948$0$0$129,580,287
98$172,541,233$0$0$142,553,332
99$189,831,304$0$0$156,841,937
100$208,875,223$0$0$172,580,047