Can I retire at age 47 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$159,378$157,958$156,573$155,221$153,901$150,180
2 years$78,900$77,430$76,006$74,625$73,286$69,560
3 years$52,077$50,602$49,181$47,813$46,496$42,881
4 years$38,669$37,198$35,791$34,447$33,161$29,685
5 years$30,626$29,163$27,775$26,458$25,209$21,881
6 years$25,265$23,814$22,447$21,159$19,947$16,771
7 years$21,438$19,999$18,653$17,396$16,222$13,198
8 years$18,569$17,143$15,819$14,593$13,458$10,585
9 years$16,339$14,926$13,625$12,430$11,333$8,609
10 years$14,555$13,156$11,879$10,715$9,657$7,078
11 years$13,097$11,712$10,458$9,325$8,305$5,869
12 years$11,883$10,512$9,281$8,179$7,197$4,898
13 years$10,857$9,500$8,292$7,221$6,276$4,111
14 years$9,977$8,635$7,451$6,410$5,501$3,465
15 years$9,216$7,889$6,727$5,717$4,844$2,931
16 years$8,551$7,238$6,099$5,119$4,281$2,487
17 years$7,964$6,666$5,550$4,599$3,796$2,116
18 years$7,443$6,159$5,066$4,145$3,375$1,804
19 years$6,978$5,708$4,638$3,745$3,008$1,540
20 years$6,559$5,305$4,256$3,392$2,687$1,317
21 years$6,181$4,941$3,915$3,078$2,405$1,128
22 years$5,838$4,612$3,608$2,799$2,155$967
23 years$5,525$4,314$3,332$2,549$1,935$830
24 years$5,239$4,042$3,081$2,325$1,739$712
25 years$4,976$3,793$2,854$2,123$1,565$612
26 years$4,733$3,565$2,647$1,941$1,410$526
27 years$4,509$3,355$2,458$1,777$1,271$453
28 years$4,302$3,161$2,285$1,628$1,147$390
29 years$4,108$2,982$2,126$1,493$1,035$335
30 years$3,929$2,816$1,980$1,370$936$289
31 years$3,761$2,662$1,846$1,258$846$249
32 years$3,604$2,519$1,723$1,157$765$214
33 years$3,456$2,386$1,608$1,064$692$185
34 years$3,318$2,261$1,503$979$627$159
35 years$3,188$2,145$1,405$901$568$137
36 years$3,065$2,036$1,314$830$515$118
37 years$2,950$1,933$1,230$764$466$102
38 years$2,840$1,837$1,152$705$423$88
39 years$2,737$1,747$1,079$650$383$76
40 years$2,639$1,662$1,012$599$348$65
41 years$2,546$1,582$949$553$315$56
42 years$2,457$1,507$890$510$286$49
43 years$2,373$1,436$835$471$260$42
44 years$2,293$1,369$784$435$236$36
45 years$2,217$1,305$736$402$214$31
46 years$2,144$1,245$691$371$194$27
47 years$2,075$1,188$649$343$176$23
48 years$2,008$1,134$610$317$160$20
49 years$1,945$1,083$574$293$146$17
50 years$1,884$1,035$539$271$132$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,930,000, adding $4,240 every year, while hoping to spend $41,756 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: 64/30/6 Blend
46$1,930,000$1,930,000$1,930,000$1,930,000
47$2,131,234$2,028,944$1,999,029$2,265,226
48$2,304,191$2,083,934$2,021,568$2,409,914
49$2,493,391$2,140,219$2,043,463$2,562,538
50$2,700,446$2,197,819$2,064,648$2,728,129
51$2,927,131$2,256,752$2,085,053$2,907,939
52$3,175,403$2,317,036$2,104,607$3,103,350
53$3,447,413$2,378,691$2,123,230$3,315,881
54$3,745,535$2,441,732$2,140,844$3,547,205
55$4,072,379$2,506,176$2,157,362$3,799,165
56$4,430,823$2,572,040$2,172,694$4,073,789
57$4,824,034$2,639,337$2,186,747$4,373,310
58$5,255,502$2,708,082$2,199,420$4,700,187
59$5,729,072$2,778,286$2,210,609$5,057,130
60$6,248,978$2,849,963$2,220,205$5,447,122
61$6,819,884$2,923,121$2,228,092$5,873,449
62$7,446,927$2,997,769$2,234,148$6,339,730
63$8,135,769$3,073,915$2,238,247$6,849,950
64$8,892,644$3,151,563$2,240,255$7,408,502
65$9,724,421$3,230,717$2,240,032$8,020,223
66$10,638,669$3,311,379$2,237,429$8,690,441
67$11,643,724$3,393,548$2,232,294$9,425,026
68$12,748,772$3,477,220$2,224,464$10,230,448
69$13,963,933$3,562,390$2,213,770$11,113,829
70$15,300,356$3,649,049$2,200,033$12,083,021
71$16,770,325$3,737,185$2,183,067$13,146,673
72$18,387,375$3,826,784$2,162,676$14,314,312
73$20,166,418$3,917,827$2,138,657$15,596,439
74$22,123,885$4,010,293$2,110,794$17,004,622
75$24,277,879$4,104,155$2,078,863$18,551,606
76$26,648,347$4,199,383$2,042,630$20,251,436
77$29,257,268$4,295,942$2,001,847$22,119,588
78$32,128,858$4,393,792$1,956,258$24,173,111
79$35,289,803$4,492,889$1,905,594$26,430,797
80$38,769,503$4,593,181$1,849,571$28,913,348
81$42,600,357$4,694,611$1,787,897$31,643,578
82$46,818,064$4,797,118$1,720,262$34,646,627
83$51,461,959$4,900,630$1,646,344$37,950,194
84$56,575,389$5,005,070$1,565,806$41,584,807
85$62,206,114$5,110,354$1,478,295$45,584,101
86$68,406,763$5,216,387$1,383,444$49,985,144
87$75,235,332$5,323,069$1,280,868$54,828,781
88$82,755,723$5,430,286$1,170,165$60,160,024
89$91,038,355$5,537,919$1,050,914$66,028,473
90$100,160,825$5,645,835$922,677$72,488,787
91$110,208,638$5,753,890$784,996$79,601,198
92$121,276,018$5,861,928$637,392$87,432,082
93$133,466,792$5,969,783$479,365$96,054,583
94$146,895,375$6,077,273$310,393$105,549,306
95$161,687,845$6,184,201$129,933$116,005,077
96$177,983,135$6,290,356$0$127,519,781
97$195,934,343$6,395,512$0$140,205,298
98$215,710,177$6,499,423$0$154,185,627
99$237,496,548$6,601,828$0$169,583,478
100$261,498,323$6,702,445$0$186,543,250