Can I retire at age 47 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$156,900$155,503$154,139$152,808$151,509$148,328
2 years$77,673$76,227$74,825$73,465$72,147$68,958
3 years$51,268$49,815$48,417$47,070$45,773$42,675
4 years$38,068$36,619$35,235$33,911$32,646$29,662
5 years$30,150$28,710$27,344$26,047$24,817$21,956
6 years$24,873$23,444$22,098$20,830$19,637$16,902
7 years$21,105$19,688$18,363$17,126$15,970$13,362
8 years$18,280$16,876$15,574$14,366$13,249$10,766
9 years$16,085$14,694$13,414$12,237$11,157$8,799
10 years$14,329$12,952$11,694$10,548$9,506$7,270
11 years$12,894$11,530$10,295$9,180$8,176$6,058
12 years$11,698$10,349$9,137$8,052$7,085$5,083
13 years$10,688$9,353$8,163$7,109$6,178$4,289
14 years$9,822$8,501$7,335$6,310$5,416$3,635
15 years$9,073$7,766$6,622$5,628$4,769$3,092
16 years$8,418$7,125$6,004$5,039$4,214$2,639
17 years$7,840$6,562$5,463$4,528$3,737$2,257
18 years$7,328$6,064$4,987$4,080$3,323$1,936
19 years$6,869$5,620$4,566$3,687$2,962$1,663
20 years$6,457$5,222$4,190$3,339$2,645$1,431
21 years$6,085$4,864$3,854$3,031$2,367$1,233
22 years$5,747$4,540$3,552$2,755$2,122$1,063
23 years$5,439$4,247$3,280$2,509$1,905$918
24 years$5,157$3,979$3,033$2,289$1,712$793
25 years$4,898$3,734$2,809$2,090$1,541$686
26 years$4,660$3,509$2,606$1,911$1,388$594
27 years$4,439$3,303$2,420$1,749$1,251$514
28 years$4,235$3,112$2,249$1,603$1,129$445
29 years$4,045$2,936$2,093$1,470$1,019$386
30 years$3,868$2,773$1,950$1,349$921$334
31 years$3,702$2,621$1,818$1,239$833$290
32 years$3,548$2,480$1,696$1,139$753$252
33 years$3,403$2,349$1,583$1,047$682$218
34 years$3,266$2,226$1,479$963$617$189
35 years$3,138$2,111$1,383$887$559$164
36 years$3,018$2,004$1,294$817$507$143
37 years$2,904$1,903$1,211$752$459$124
38 years$2,796$1,809$1,134$694$416$108
39 years$2,694$1,720$1,063$640$377$93
40 years$2,598$1,636$996$590$342$81
41 years$2,506$1,558$934$544$311$70
42 years$2,419$1,484$876$502$282$61
43 years$2,336$1,414$822$464$256$53
44 years$2,257$1,347$772$428$232$46
45 years$2,182$1,285$725$395$211$40
46 years$2,111$1,226$681$365$191$35
47 years$2,043$1,170$639$337$174$30
48 years$1,977$1,117$601$312$158$26
49 years$1,915$1,066$565$288$143$23
50 years$1,855$1,019$531$266$130$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,900,000, adding $2,954 every year, while hoping to spend $50,880 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: 82/10/8 Blend
46$1,900,000$1,900,000$1,900,000$1,900,000
47$2,096,847$1,996,147$1,966,697$2,266,519
48$2,256,590$2,039,822$1,978,445$2,421,638
49$2,430,920$2,083,932$1,988,882$2,584,816
50$2,621,274$2,128,445$1,997,910$2,762,403
51$2,829,229$2,173,324$2,005,425$2,955,815
52$3,056,525$2,218,531$2,011,320$3,166,608
53$3,305,074$2,264,022$2,015,483$3,396,499
54$3,576,983$2,309,751$2,017,794$3,647,377
55$3,874,573$2,355,667$2,018,128$3,921,323
56$4,200,399$2,401,714$2,016,354$4,220,629
57$4,557,273$2,447,831$2,012,336$4,547,820
58$4,948,294$2,493,955$2,005,928$4,905,677
59$5,376,875$2,540,012$1,996,981$5,297,263
60$5,846,771$2,585,928$1,985,335$5,725,952
61$6,362,123$2,631,620$1,970,825$6,195,464
62$6,927,489$2,676,999$1,953,277$6,709,893
63$7,547,889$2,721,968$1,932,508$7,273,752
64$8,228,855$2,766,426$1,908,329$7,892,013
65$8,976,479$2,810,261$1,880,538$8,570,151
66$9,797,471$2,853,355$1,848,927$9,314,203
67$10,699,224$2,895,580$1,813,277$10,130,817
68$11,689,881$2,936,801$1,773,359$11,027,319
69$12,778,415$2,976,870$1,728,932$12,011,781
70$13,974,709$3,015,632$1,679,747$13,093,097
71$15,289,651$3,052,919$1,625,540$14,281,069
72$16,735,237$3,088,554$1,566,037$15,586,494
73$18,324,682$3,122,345$1,500,951$17,021,271
74$20,072,549$3,154,088$1,429,982$18,598,513
75$21,994,878$3,183,568$1,352,816$20,332,668
76$24,109,346$3,210,553$1,269,125$22,239,656
77$26,435,425$3,234,796$1,178,566$24,337,020
78$28,994,573$3,256,035$1,080,782$26,644,094
79$31,810,429$3,273,991$975,399$29,182,180
80$34,909,043$3,288,367$862,025$31,974,752
81$38,319,115$3,298,846$740,252$35,047,681
82$42,072,269$3,305,094$609,655$38,429,471
83$46,203,350$3,306,753$469,788$42,151,537
84$50,750,751$3,303,444$320,185$46,248,495
85$55,756,780$3,294,764$160,363$50,758,494
86$61,268,051$3,280,287$0$55,723,569
87$67,335,930$3,259,559$0$61,190,917
88$74,017,017$3,232,100$0$67,225,383
89$81,373,679$3,197,398$0$73,869,567
90$89,474,638$3,154,915$0$81,185,513
91$98,395,621$3,104,076$0$89,241,591
92$108,220,074$3,044,276$0$98,113,142
93$119,039,947$2,974,870$0$107,883,188
94$130,956,561$2,895,178$0$118,643,216
95$144,081,568$2,804,480$0$130,494,044
96$158,538,000$2,702,011$0$143,546,768
97$174,461,431$2,586,965$0$157,923,813
98$192,001,258$2,458,487$0$173,760,092
99$211,322,107$2,315,674$0$191,204,271
100$232,605,390$2,157,569$0$210,420,182