Can I retire at age 47 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$157,726$156,321$154,950$153,612$152,306$147,078
2 years$78,082$76,628$75,219$73,852$72,527$67,312
3 years$51,538$50,077$48,671$47,318$46,014$40,978
4 years$38,268$36,812$35,420$34,090$32,818$27,998
5 years$30,308$28,861$27,488$26,184$24,947$20,357
6 years$25,004$23,567$22,214$20,940$19,740$15,382
7 years$21,216$19,792$18,460$17,216$16,054$11,928
8 years$18,377$16,965$15,656$14,442$13,318$9,421
9 years$16,169$14,771$13,484$12,301$11,216$7,542
10 years$14,405$13,020$11,756$10,604$9,557$6,101
11 years$12,962$11,591$10,350$9,228$8,219$4,974
12 years$11,760$10,404$9,185$8,095$7,122$4,081
13 years$10,744$9,402$8,206$7,146$6,211$3,365
14 years$9,874$8,546$7,373$6,344$5,444$2,786
15 years$9,121$7,807$6,657$5,657$4,794$2,314
16 years$8,462$7,163$6,036$5,066$4,237$1,927
17 years$7,882$6,597$5,492$4,551$3,756$1,609
18 years$7,366$6,095$5,014$4,102$3,340$1,345
19 years$6,906$5,649$4,590$3,706$2,977$1,126
20 years$6,491$5,250$4,212$3,357$2,659$944
21 years$6,117$4,890$3,874$3,046$2,380$793
22 years$5,778$4,564$3,571$2,770$2,133$666
23 years$5,468$4,269$3,297$2,523$1,915$560
24 years$5,185$4,000$3,049$2,301$1,721$471
25 years$4,924$3,754$2,824$2,101$1,549$396
26 years$4,684$3,528$2,619$1,921$1,395$334
27 years$4,463$3,320$2,432$1,759$1,258$281
28 years$4,257$3,128$2,261$1,611$1,135$237
29 years$4,066$2,951$2,104$1,478$1,025$200
30 years$3,888$2,787$1,960$1,356$926$168
31 years$3,722$2,635$1,827$1,245$837$142
32 years$3,566$2,493$1,705$1,145$757$120
33 years$3,421$2,361$1,592$1,052$685$101
34 years$3,284$2,238$1,487$968$620$85
35 years$3,155$2,122$1,391$891$562$72
36 years$3,034$2,014$1,301$821$509$61
37 years$2,919$1,913$1,218$756$461$51
38 years$2,811$1,818$1,140$697$418$43
39 years$2,708$1,729$1,068$643$379$36
40 years$2,611$1,645$1,001$593$344$31
41 years$2,519$1,566$939$547$312$26
42 years$2,432$1,491$881$505$283$22
43 years$2,349$1,421$826$466$257$18
44 years$2,269$1,354$776$430$233$16
45 years$2,194$1,292$728$397$212$13
46 years$2,122$1,232$684$367$192$11
47 years$2,053$1,176$643$339$175$9
48 years$1,988$1,122$604$313$159$8
49 years$1,925$1,072$568$290$144$7
50 years$1,865$1,024$534$268$131$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,910,000, adding $3,934 every year, while hoping to spend $52,169 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: 70/21/9 Blend
46$1,910,000$1,910,000$1,910,000$1,910,000
47$2,108,878$2,007,648$1,978,043$2,252,697
48$2,268,476$2,050,515$1,988,800$2,391,300
49$2,442,605$2,093,735$1,998,169$2,536,164
50$2,632,691$2,137,268$2,006,048$2,693,272
51$2,840,306$2,181,074$2,012,331$2,863,818
52$3,067,178$2,225,108$2,016,905$3,049,115
53$3,315,212$2,269,320$2,019,653$3,250,612
54$3,586,503$2,313,657$2,020,452$3,469,900
55$3,883,361$2,358,060$2,019,171$3,708,737
56$4,208,325$2,402,467$2,015,674$3,969,055
57$4,564,195$2,446,808$2,009,820$4,252,986
58$4,954,052$2,491,011$2,001,458$4,562,877
59$5,381,290$2,534,995$1,990,432$4,901,315
60$5,849,647$2,578,676$1,976,577$5,271,147
61$6,363,240$2,621,959$1,959,721$5,675,515
62$6,926,602$2,664,747$1,939,684$6,117,876
63$7,544,729$2,706,933$1,916,276$6,602,043
64$8,223,119$2,748,401$1,889,300$7,132,215
65$8,967,834$2,789,029$1,858,548$7,713,021
66$9,785,548$2,828,686$1,823,803$8,349,561
67$10,683,612$2,867,230$1,784,840$9,047,453
68$11,670,127$2,904,511$1,741,418$9,812,892
69$12,754,016$2,940,368$1,693,291$10,652,701
70$13,945,107$2,974,628$1,640,198$11,574,402
71$15,254,231$3,007,107$1,581,868$12,586,282
72$16,693,317$3,037,610$1,518,015$13,697,475
73$18,275,509$3,065,926$1,448,342$14,918,047
74$20,015,288$3,091,834$1,372,538$16,259,091
75$21,928,608$3,115,095$1,290,279$17,732,830
76$24,033,048$3,135,456$1,201,225$19,352,739
77$26,347,973$3,152,648$1,105,021$21,133,664
78$28,894,723$3,166,384$1,001,296$23,091,969
79$31,696,808$3,176,360$889,662$25,245,687
80$34,780,132$3,182,252$769,716$27,614,692
81$38,173,239$3,183,715$641,035$30,220,887
82$41,907,577$3,180,385$503,177$33,088,411
83$46,017,798$3,171,872$355,681$36,243,866
84$50,542,084$3,157,765$198,068$39,716,571
85$55,522,508$3,137,627$29,834$43,538,838
86$61,005,427$3,110,993$0$47,746,276
87$67,041,921$3,077,373$0$52,392,506
88$73,688,277$3,036,244$0$57,510,396
89$81,006,516$2,987,054$0$63,144,799
90$89,064,979$2,929,218$0$69,348,305
91$97,938,973$2,862,116$0$76,178,869
92$107,711,480$2,785,091$0$83,700,358
93$118,473,938$2,697,448$0$91,983,154
94$130,327,107$2,598,451$0$101,104,822
95$143,382,018$2,487,321$0$111,150,839
96$157,761,019$2,363,234$0$122,215,403
97$173,598,929$2,225,319$0$134,402,321
98$191,044,314$2,072,655$0$147,825,995
99$210,260,886$1,904,266$0$162,612,494
100$231,429,043$1,719,122$0$178,900,756