Can I retire at age 47 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$56,154$55,654$55,166$54,689$54,224$52,935
2 years$27,799$27,281$26,779$26,293$25,821$24,530
3 years$18,349$17,829$17,328$16,846$16,382$15,129
4 years$13,624$13,106$12,610$12,137$11,684$10,478
5 years$10,790$10,275$9,786$9,322$8,882$7,728
6 years$8,902$8,390$7,909$7,455$7,028$5,926
7 years$7,553$7,046$6,572$6,129$5,716$4,666
8 years$6,542$6,040$5,574$5,142$4,742$3,745
9 years$5,757$5,259$4,801$4,379$3,993$3,048
10 years$5,128$4,635$4,185$3,775$3,402$2,507
11 years$4,615$4,127$3,685$3,286$2,926$2,080
12 years$4,187$3,704$3,270$2,882$2,536$1,737
13 years$3,825$3,347$2,922$2,544$2,211$1,459
14 years$3,515$3,043$2,625$2,258$1,938$1,231
15 years$3,247$2,779$2,370$2,014$1,707$1,042
16 years$3,013$2,550$2,149$1,803$1,508$885
17 years$2,806$2,348$1,955$1,620$1,337$753
18 years$2,622$2,170$1,785$1,460$1,189$642
19 years$2,459$2,011$1,634$1,320$1,060$549
20 years$2,311$1,869$1,500$1,195$947$470
21 years$2,178$1,741$1,379$1,085$847$403
22 years$2,057$1,625$1,271$986$759$345
23 years$1,947$1,520$1,174$898$682$297
24 years$1,846$1,424$1,086$819$613$255
25 years$1,753$1,336$1,005$748$551$219
26 years$1,668$1,256$933$684$497$189
27 years$1,589$1,182$866$626$448$162
28 years$1,516$1,114$805$574$404$140
29 years$1,448$1,051$749$526$365$121
30 years$1,384$992$698$483$330$104
31 years$1,325$938$651$443$298$90
32 years$1,270$888$607$407$270$77
33 years$1,218$841$567$375$244$67
34 years$1,169$797$530$345$221$57
35 years$1,123$756$495$317$200$50
36 years$1,080$717$463$292$181$43
37 years$1,039$681$433$269$164$37
38 years$1,001$647$406$248$149$32
39 years$964$616$380$229$135$27
40 years$930$586$356$211$123$24
41 years$897$558$334$195$111$20
42 years$866$531$314$180$101$18
43 years$836$506$294$166$92$15
44 years$808$482$276$153$83$13
45 years$781$460$259$141$75$11
46 years$755$439$244$131$68$10
47 years$731$419$229$121$62$8
48 years$708$400$215$112$56$7
49 years$685$382$202$103$51$6
50 years$664$365$190$95$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $680,000, adding $3,175 every year, while hoping to spend $22,192 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: 72/8/20 Blend
46$680,000$680,000$680,000$680,000
47$752,635$716,595$706,055$802,974
48$805,792$728,096$706,096$848,384
49$863,627$739,417$705,394$895,140
50$926,593$750,525$703,902$945,789
51$995,191$761,386$701,568$1,000,713
52$1,069,970$771,964$698,340$1,060,334
53$1,151,534$782,217$694,161$1,125,118
54$1,240,549$792,104$688,974$1,195,577
55$1,337,748$801,580$682,718$1,272,275
56$1,443,937$810,596$675,327$1,355,837
57$1,560,004$819,101$666,736$1,446,947
58$1,686,927$827,039$656,874$1,546,362
59$1,825,781$834,352$645,667$1,654,918
60$1,977,752$840,977$633,039$1,773,531
61$2,144,146$846,847$618,908$1,903,217
62$2,326,398$851,892$603,191$2,045,091
63$2,526,092$856,036$585,799$2,200,386
64$2,744,970$859,198$566,640$2,370,458
65$2,984,952$861,294$545,618$2,556,802
66$3,248,152$862,233$522,631$2,761,069
67$3,536,899$861,918$497,574$2,985,076
68$3,853,757$860,246$470,338$3,230,826
69$4,201,552$857,109$440,805$3,500,529
70$4,583,395$852,393$408,857$3,796,619
71$5,002,715$845,973$374,367$4,121,780
72$5,463,287$837,721$337,204$4,478,970
73$5,969,272$827,499$297,230$4,871,450
74$6,525,252$815,161$254,302$5,302,814
75$7,136,277$800,553$208,270$5,777,025
76$7,807,908$783,511$158,977$6,298,449
77$8,546,272$763,861$106,261$6,871,900
78$9,358,121$741,420$49,950$7,502,685
79$10,250,894$715,993$0$8,196,652
80$11,232,783$687,375$0$8,962,412
81$12,312,819$655,348$0$9,816,421
82$13,500,948$619,682$0$10,755,884
83$14,808,132$580,134$0$11,789,475
84$16,246,446$536,445$0$12,926,755
85$17,829,197$488,344$0$14,178,257
86$19,571,045$435,542$0$15,555,590
87$21,488,144$377,737$0$17,071,546
88$23,598,295$314,606$0$18,740,220
89$25,921,109$245,810$0$20,577,145
90$28,478,197$170,990$0$22,599,437
91$31,293,373$89,767$0$24,825,958
92$34,392,874$1,743$0$27,277,493
93$37,805,612$0$0$29,976,946
94$41,563,447$0$0$32,957,789
95$45,701,483$0$0$36,240,433
96$50,258,404$0$0$39,855,416
97$55,276,835$0$0$43,836,559
98$60,803,746$0$0$48,221,129
99$66,890,896$0$0$53,050,192
100$73,595,317$0$0$58,369,001