Can I retire at age 47 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$158,552$157,140$155,762$154,417$153,103$147,966
2 years$78,491$77,029$75,612$74,239$72,906$67,781
3 years$51,808$50,339$48,926$47,566$46,255$41,303
4 years$38,468$37,005$35,606$34,268$32,989$28,248
5 years$30,467$29,012$27,632$26,321$25,078$20,560
6 years$25,135$23,691$22,330$21,049$19,843$15,553
7 years$21,327$19,895$18,557$17,306$16,138$12,074
8 years$18,473$17,054$15,738$14,517$13,388$9,548
9 years$16,254$14,849$13,555$12,366$11,275$7,653
10 years$14,480$13,088$11,817$10,659$9,607$6,199
11 years$13,029$11,652$10,404$9,277$8,262$5,060
12 years$11,822$10,458$9,233$8,137$7,160$4,157
13 years$10,800$9,451$8,249$7,184$6,243$3,433
14 years$9,926$8,591$7,412$6,377$5,473$2,846
15 years$9,168$7,848$6,692$5,687$4,819$2,367
16 years$8,506$7,200$6,067$5,092$4,259$1,974
17 years$7,923$6,631$5,521$4,575$3,776$1,650
18 years$7,405$6,127$5,040$4,123$3,358$1,382
19 years$6,942$5,679$4,614$3,726$2,993$1,159
20 years$6,525$5,277$4,234$3,374$2,673$973
21 years$6,149$4,915$3,895$3,062$2,392$818
22 years$5,808$4,588$3,590$2,784$2,144$688
23 years$5,497$4,291$3,314$2,536$1,925$580
24 years$5,212$4,021$3,065$2,313$1,730$488
25 years$4,950$3,773$2,839$2,112$1,557$412
26 years$4,709$3,546$2,633$1,931$1,402$347
27 years$4,486$3,337$2,445$1,768$1,264$293
28 years$4,279$3,145$2,273$1,620$1,141$247
29 years$4,087$2,967$2,115$1,485$1,030$209
30 years$3,908$2,802$1,970$1,363$931$176
31 years$3,741$2,649$1,837$1,252$841$149
32 years$3,585$2,506$1,714$1,151$761$126
33 years$3,438$2,373$1,600$1,058$689$106
34 years$3,301$2,249$1,495$973$624$90
35 years$3,171$2,134$1,398$896$565$76
36 years$3,049$2,025$1,308$825$512$64
37 years$2,934$1,923$1,224$760$464$54
38 years$2,825$1,828$1,146$701$421$46
39 years$2,723$1,738$1,074$646$381$39
40 years$2,625$1,654$1,006$596$346$33
41 years$2,532$1,574$944$550$314$28
42 years$2,444$1,499$885$508$285$23
43 years$2,361$1,428$831$469$258$20
44 years$2,281$1,362$780$433$235$17
45 years$2,205$1,298$732$400$213$14
46 years$2,133$1,239$688$369$193$12
47 years$2,064$1,182$646$341$176$10
48 years$1,998$1,128$607$315$159$9
49 years$1,935$1,078$571$291$145$7
50 years$1,875$1,029$536$269$132$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,920,000, adding $3,308 every year, while hoping to spend $39,593 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: 38/42/20 Blend
46$1,920,000$1,920,000$1,920,000$1,920,000
47$2,119,252$2,017,492$1,987,732$2,186,964
48$2,293,289$2,074,223$2,012,195$2,292,902
49$2,483,751$2,132,406$2,036,149$2,403,333
50$2,692,271$2,192,071$2,059,538$2,521,865
51$2,920,649$2,253,249$2,082,298$2,649,251
52$3,170,864$2,315,967$2,104,365$2,786,321
53$3,445,099$2,380,256$2,125,668$2,933,987
54$3,745,757$2,446,146$2,146,135$3,093,254
55$4,075,483$2,513,667$2,165,690$3,265,225
56$4,437,193$2,582,847$2,184,251$3,451,120
57$4,834,096$2,653,716$2,201,733$3,652,276
58$5,269,729$2,726,303$2,218,046$3,870,170
59$5,747,988$2,800,638$2,233,097$4,106,427
60$6,273,162$2,876,749$2,246,785$4,362,834
61$6,849,978$2,954,664$2,259,006$4,641,363
62$7,483,644$3,034,410$2,269,651$4,944,183
63$8,179,896$3,116,016$2,278,604$5,273,685
64$8,945,052$3,199,507$2,285,744$5,632,501
65$9,786,074$3,284,910$2,290,943$6,023,533
66$10,710,632$3,372,250$2,294,068$6,449,976
67$11,727,176$3,461,550$2,294,979$6,915,349
68$12,845,016$3,552,833$2,293,529$7,423,532
69$14,074,408$3,646,122$2,289,562$7,978,796
70$15,426,652$3,741,437$2,282,917$8,585,850
71$16,914,200$3,838,797$2,273,425$9,249,882
72$18,550,770$3,938,219$2,260,906$9,976,607
73$20,351,477$4,039,720$2,245,174$10,772,323
74$22,332,974$4,143,313$2,226,034$11,643,970
75$24,513,612$4,249,010$2,203,281$12,599,195
76$26,913,609$4,356,821$2,176,700$13,646,425
77$29,555,244$4,466,751$2,146,066$14,794,946
78$32,463,063$4,578,807$2,111,144$16,054,991
79$35,664,116$4,692,988$2,071,687$17,437,836
80$39,188,205$4,809,294$2,027,438$18,955,908
81$43,068,171$4,927,718$1,978,126$20,622,902
82$47,340,201$5,048,253$1,923,470$22,453,909
83$52,044,169$5,170,885$1,863,174$24,465,560
84$57,224,012$5,295,597$1,796,928$26,676,183
85$62,928,147$5,422,366$1,724,411$29,105,977
86$69,209,923$5,551,167$1,645,284$31,777,201
87$76,128,128$5,681,967$1,559,193$34,714,387
88$83,747,542$5,814,728$1,465,771$37,944,568
89$92,139,548$5,949,407$1,364,631$41,497,538
90$101,382,806$6,085,952$1,255,370$45,406,132
91$111,563,994$6,224,305$1,137,567$49,706,535
92$122,778,628$6,364,403$1,010,782$54,438,625
93$135,131,961$6,506,171$874,556$59,646,352
94$148,739,975$6,649,528$728,408$65,378,150
95$163,730,481$6,794,384$571,838$71,687,396
96$180,244,318$6,940,636$404,323$78,632,917
97$198,436,686$7,088,175$225,315$86,279,543
98$218,478,610$7,236,877$34,245$94,698,721
99$240,558,554$7,386,610$0$103,969,190
100$264,884,198$7,537,226$0$114,213,932