Can I retire at age 47 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$55,328$54,835$54,354$53,885$53,427$52,434
2 years$27,390$26,880$26,386$25,906$25,441$24,445
3 years$18,079$17,566$17,073$16,598$16,141$15,172
4 years$13,424$12,913$12,425$11,958$11,512$10,577
5 years$10,632$10,124$9,642$9,185$8,751$7,854
6 years$8,771$8,267$7,792$7,345$6,924$6,066
7 years$7,442$6,943$6,476$6,039$5,631$4,812
8 years$6,446$5,951$5,492$5,066$4,672$3,890
9 years$5,672$5,182$4,730$4,315$3,934$3,191
10 years$5,053$4,567$4,124$3,720$3,352$2,646
11 years$4,547$4,066$3,630$3,237$2,883$2,214
12 years$4,125$3,649$3,222$2,839$2,498$1,865
13 years$3,769$3,298$2,879$2,507$2,179$1,579
14 years$3,464$2,998$2,586$2,225$1,910$1,344
15 years$3,199$2,739$2,335$1,985$1,682$1,148
16 years$2,968$2,513$2,117$1,777$1,486$984
17 years$2,765$2,314$1,927$1,597$1,318$845
18 years$2,584$2,138$1,759$1,439$1,172$728
19 years$2,422$1,982$1,610$1,300$1,044$628
20 years$2,277$1,841$1,478$1,178$933$543
21 years$2,146$1,715$1,359$1,069$835$470
22 years$2,027$1,601$1,253$972$748$407
23 years$1,918$1,497$1,157$885$672$353
24 years$1,819$1,403$1,070$807$604$307
25 years$1,727$1,317$991$737$543$267
26 years$1,643$1,237$919$674$489$232
27 years$1,565$1,165$853$617$441$202
28 years$1,493$1,097$793$565$398$176
29 years$1,426$1,035$738$518$359$153
30 years$1,364$978$688$476$325$133
31 years$1,306$924$641$437$294$116
32 years$1,251$875$598$401$266$101
33 years$1,200$828$558$369$240$88
34 years$1,152$785$522$340$218$77
35 years$1,107$745$488$313$197$67
36 years$1,064$707$456$288$179$59
37 years$1,024$671$427$265$162$51
38 years$986$638$400$245$147$45
39 years$950$607$375$226$133$39
40 years$916$577$351$208$121$34
41 years$884$549$329$192$110$30
42 years$853$523$309$177$99$26
43 years$824$498$290$163$90$23
44 years$796$475$272$151$82$20
45 years$770$453$255$139$74$17
46 years$744$432$240$129$67$15
47 years$720$412$225$119$61$13
48 years$697$394$212$110$56$11
49 years$675$376$199$102$51$10
50 years$654$359$187$94$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $670,000, adding $2,464 every year, while hoping to spend $38,997 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: 57/21/22 Blend
46$670,000$670,000$670,000$670,000
47$740,882$705,372$694,987$778,590
48$774,959$698,442$676,776$797,666
49$811,205$689,866$656,649$814,068
50$849,801$679,522$634,499$831,098
51$890,942$667,280$610,216$848,828
52$934,845$653,004$583,685$867,337
53$981,747$636,549$554,786$886,714
54$1,031,906$617,761$523,393$907,061
55$1,085,608$596,479$489,374$928,489
56$1,143,163$572,529$452,591$951,125
57$1,204,913$545,731$412,901$975,112
58$1,271,235$515,892$370,153$1,000,610
59$1,342,538$482,808$324,191$1,027,795
60$1,419,277$446,266$274,851$1,056,868
61$1,501,946$406,036$221,961$1,088,052
62$1,591,092$361,879$165,344$1,121,596
63$1,687,313$313,540$104,812$1,157,778
64$1,791,267$260,752$40,172$1,196,907
65$1,903,677$203,230$0$1,239,330
66$2,025,339$140,675$0$1,292,195
67$2,157,127$72,771$0$1,359,671
68$2,300,000$0$0$1,432,848
69$2,455,017$0$0$1,512,500
70$2,623,338$0$0$1,617,297
71$2,806,242$0$0$1,731,225
72$3,005,135$0$0$1,855,166
73$3,221,564$0$0$1,990,091
74$3,457,231$0$0$2,137,067
75$3,714,008$0$0$2,297,270
76$3,993,957$0$0$2,471,995
77$4,299,346$0$0$2,662,663
78$4,632,672$0$0$2,870,844
79$4,996,683$0$0$3,098,261
80$5,394,404$0$0$3,346,815
81$5,829,167$0$0$3,618,596
82$6,304,639$0$0$3,915,906
83$6,824,858$0$0$4,241,281
84$7,394,268$0$0$4,597,512
85$8,017,767$0$0$4,987,672
86$8,700,745$0$0$5,415,146
87$9,449,139$0$0$5,883,663
88$10,269,488$0$0$6,397,328
89$11,168,994$0$0$6,960,664
90$12,155,589$0$0$7,578,650
91$13,238,007$0$0$8,256,772
92$14,425,873$0$0$9,001,074
93$15,729,785$0$0$9,818,210
94$17,161,419$0$0$10,715,514
95$18,733,636$0$0$11,701,063
96$20,460,604$0$0$12,783,753
97$22,357,932$0$0$13,973,387
98$24,442,813$0$0$15,280,762
99$26,734,189$0$0$16,717,776
100$29,252,930$0$0$18,297,534