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%12.5%
1 years$55,328$54,835$54,354$53,885$53,427$52,869
2 years$27,390$26,880$26,386$25,906$25,441$24,879
3 years$18,079$17,566$17,073$16,598$16,141$15,593
4 years$13,424$12,913$12,425$11,958$11,512$10,981
5 years$10,632$10,124$9,642$9,185$8,751$8,240
6 years$8,771$8,267$7,792$7,345$6,924$6,433
7 years$7,442$6,943$6,476$6,039$5,631$5,160
8 years$6,446$5,951$5,492$5,066$4,672$4,221
9 years$5,672$5,182$4,730$4,315$3,934$3,503
10 years$5,053$4,567$4,124$3,720$3,352$2,941
11 years$4,547$4,066$3,630$3,237$2,883$2,491
12 years$4,125$3,649$3,222$2,839$2,498$2,125
13 years$3,769$3,298$2,879$2,507$2,179$1,824
14 years$3,464$2,998$2,586$2,225$1,910$1,573
15 years$3,199$2,739$2,335$1,985$1,682$1,362
16 years$2,968$2,513$2,117$1,777$1,486$1,184
17 years$2,765$2,314$1,927$1,597$1,318$1,032
18 years$2,584$2,138$1,759$1,439$1,172$901
19 years$2,422$1,982$1,610$1,300$1,044$789
20 years$2,277$1,841$1,478$1,178$933$692
21 years$2,146$1,715$1,359$1,069$835$608
22 years$2,027$1,601$1,253$972$748$535
23 years$1,918$1,497$1,157$885$672$472
24 years$1,819$1,403$1,070$807$604$416
25 years$1,727$1,317$991$737$543$367
26 years$1,643$1,237$919$674$489$324
27 years$1,565$1,165$853$617$441$287
28 years$1,493$1,097$793$565$398$254
29 years$1,426$1,035$738$518$359$224
30 years$1,364$978$688$476$325$199
31 years$1,306$924$641$437$294$176
32 years$1,251$875$598$401$266$156
33 years$1,200$828$558$369$240$138
34 years$1,152$785$522$340$218$123
35 years$1,107$745$488$313$197$109
36 years$1,064$707$456$288$179$97
37 years$1,024$671$427$265$162$86
38 years$986$638$400$245$147$76
39 years$950$607$375$226$133$68
40 years$916$577$351$208$121$60
41 years$884$549$329$192$110$53
42 years$853$523$309$177$99$47
43 years$824$498$290$163$90$42
44 years$796$475$272$151$82$37
45 years$770$453$255$139$74$33
46 years$744$432$240$129$67$29
47 years$720$412$225$119$61$26
48 years$697$394$212$110$56$23
49 years$675$376$199$102$51$21
50 years$654$359$187$94$46$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $670,000, adding $3,145 every year, while hoping to spend $39,855 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: 61/9/30 Blend
46$670,000$670,000$670,000$670,000
47$741,584$706,074$695,689$780,618
48$774,820$698,266$676,589$799,801
49$810,111$688,740$655,514$816,193
50$847,623$677,369$632,354$833,261
51$887,540$664,020$606,998$851,081
52$930,063$648,551$579,326$869,738
53$975,411$630,811$549,215$889,327
54$1,023,825$610,643$516,536$909,955
55$1,075,567$587,877$481,152$931,741
56$1,130,928$562,336$442,924$954,819
57$1,190,224$533,832$401,703$979,338
58$1,253,802$502,165$357,335$1,005,466
59$1,322,044$467,125$309,660$1,033,389
60$1,395,367$428,489$258,508$1,063,316
61$1,474,232$386,021$203,705$1,095,477
62$1,559,141$339,474$145,067$1,130,133
63$1,650,649$288,584$82,403$1,167,571
64$1,749,364$233,074$15,512$1,208,112
65$1,855,954$172,649$0$1,252,113
66$1,971,153$107,000$0$1,317,856
67$2,095,768$35,801$0$1,394,357
68$2,230,685$0$0$1,477,211
69$2,376,881$0$0$1,571,127
70$2,535,426$0$0$1,676,864
71$2,707,500$0$0$1,791,670
72$2,894,400$0$0$1,916,414
73$3,097,551$0$0$2,052,055
74$3,318,524$0$0$2,199,646
75$3,559,044$0$0$2,360,348
76$3,821,011$0$0$2,535,436
77$4,106,515$0$0$2,726,314
78$4,417,858$0$0$2,934,529
79$4,757,570$0$0$3,161,780
80$5,128,439$0$0$3,409,940
81$5,533,533$0$0$3,681,072
82$5,976,230$0$0$3,977,443
83$6,460,248$0$0$4,301,552
84$6,989,680$0$0$4,656,151
85$7,569,034$0$0$5,044,267
86$8,203,275$0$0$5,469,237
87$8,897,867$0$0$5,934,733
88$9,658,831$0$0$6,444,800
89$10,492,794$0$0$7,003,893
90$11,407,057$0$0$7,616,918
91$12,409,661$0$0$8,289,278
92$13,509,462$0$0$9,026,924
93$14,716,215$0$0$9,836,414
94$16,040,662$0$0$10,724,966
95$17,494,641$0$0$11,700,536
96$19,091,186$0$0$12,771,885
97$20,844,660$0$0$13,948,665
98$22,770,884$0$0$15,241,510
99$24,887,284$0$0$16,662,132
100$27,213,060$0$0$18,223,436