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%15.9%
1 years$56,154$55,654$55,166$54,689$54,224$52,913
2 years$27,799$27,281$26,779$26,293$25,821$24,508
3 years$18,349$17,829$17,328$16,846$16,382$15,108
4 years$13,624$13,106$12,610$12,137$11,684$10,459
5 years$10,790$10,275$9,786$9,322$8,882$7,709
6 years$8,902$8,390$7,909$7,455$7,028$5,909
7 years$7,553$7,046$6,572$6,129$5,716$4,650
8 years$6,542$6,040$5,574$5,142$4,742$3,729
9 years$5,757$5,259$4,801$4,379$3,993$3,033
10 years$5,128$4,635$4,185$3,775$3,402$2,494
11 years$4,615$4,127$3,685$3,286$2,926$2,068
12 years$4,187$3,704$3,270$2,882$2,536$1,726
13 years$3,825$3,347$2,922$2,544$2,211$1,448
14 years$3,515$3,043$2,625$2,258$1,938$1,221
15 years$3,247$2,779$2,370$2,014$1,707$1,033
16 years$3,013$2,550$2,149$1,803$1,508$876
17 years$2,806$2,348$1,955$1,620$1,337$745
18 years$2,622$2,170$1,785$1,460$1,189$635
19 years$2,459$2,011$1,634$1,320$1,060$543
20 years$2,311$1,869$1,500$1,195$947$464
21 years$2,178$1,741$1,379$1,085$847$397
22 years$2,057$1,625$1,271$986$759$341
23 years$1,947$1,520$1,174$898$682$292
24 years$1,846$1,424$1,086$819$613$251
25 years$1,753$1,336$1,005$748$551$216
26 years$1,668$1,256$933$684$497$185
27 years$1,589$1,182$866$626$448$160
28 years$1,516$1,114$805$574$404$137
29 years$1,448$1,051$749$526$365$118
30 years$1,384$992$698$483$330$102
31 years$1,325$938$651$443$298$88
32 years$1,270$888$607$407$270$76
33 years$1,218$841$567$375$244$65
34 years$1,169$797$530$345$221$56
35 years$1,123$756$495$317$200$48
36 years$1,080$717$463$292$181$42
37 years$1,039$681$433$269$164$36
38 years$1,001$647$406$248$149$31
39 years$964$616$380$229$135$27
40 years$930$586$356$211$123$23
41 years$897$558$334$195$111$20
42 years$866$531$314$180$101$17
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$9
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 $5,586 every year, while hoping to spend $41,108 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: 53/39/8 Blend
46$680,000$680,000$680,000$680,000
47$755,122$719,082$708,542$793,365
48$788,406$710,578$688,540$811,427
49$823,707$700,280$666,489$826,113
50$861,187$688,057$642,279$841,109
51$901,025$673,768$615,792$856,453
52$943,414$657,267$586,905$872,186
53$988,567$638,398$555,491$888,359
54$1,036,717$616,995$521,416$905,030
55$1,088,118$592,884$484,540$922,265
56$1,143,050$565,880$444,717$940,138
57$1,201,820$535,787$401,793$958,737
58$1,264,763$502,398$355,611$978,159
59$1,332,248$465,494$306,002$998,517
60$1,404,678$424,843$252,794$1,019,938
61$1,482,497$380,202$195,804$1,042,566
62$1,566,191$331,312$134,843$1,066,563
63$1,656,295$277,899$69,713$1,092,114
64$1,753,396$219,675$208$1,119,426
65$1,858,139$156,335$0$1,148,734
66$1,971,231$87,557$0$1,186,615
67$2,093,450$13,002$0$1,227,481
68$2,225,652$0$0$1,271,666
69$2,368,777$0$0$1,348,614
70$2,523,858$0$0$1,438,091
71$2,692,032$0$0$1,535,181
72$2,874,547$0$0$1,640,612
73$3,072,779$0$0$1,755,185
74$3,288,239$0$0$1,879,782
75$3,522,589$0$0$2,015,373
76$3,777,661$0$0$2,163,026
77$4,055,467$0$0$2,323,916
78$4,358,222$0$0$2,499,334
79$4,688,364$0$0$2,690,704
80$5,048,578$0$0$2,899,592
81$5,441,816$0$0$3,127,720
82$5,871,331$0$0$3,376,988
83$6,340,701$0$0$3,649,483
84$6,853,868$0$0$3,947,507
85$7,415,170$0$0$4,273,590
86$8,029,384$0$0$4,630,523
87$8,701,770$0$0$5,021,375
88$9,438,122$0$0$5,449,528
89$10,244,818$0$0$5,918,705
90$11,128,884$0$0$6,433,008
91$12,098,055$0$0$6,996,955
92$13,160,854$0$0$7,615,518
93$14,326,665$0$0$8,294,179
94$15,605,827$0$0$9,038,972
95$17,009,724$0$0$9,856,546
96$18,550,901$0$0$10,754,224
97$20,243,172$0$0$11,740,072
98$22,101,758$0$0$12,822,979
99$24,143,424$0$0$14,012,732
100$26,386,638$0$0$15,320,117