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%16.8%
1 years$56,154$55,654$55,166$54,689$54,224$52,721
2 years$27,799$27,281$26,779$26,293$25,821$24,318
3 years$18,349$17,829$17,328$16,846$16,382$14,926
4 years$13,624$13,106$12,610$12,137$11,684$10,286
5 years$10,790$10,275$9,786$9,322$8,882$7,546
6 years$8,902$8,390$7,909$7,455$7,028$5,755
7 years$7,553$7,046$6,572$6,129$5,716$4,506
8 years$6,542$6,040$5,574$5,142$4,742$3,595
9 years$5,757$5,259$4,801$4,379$3,993$2,908
10 years$5,128$4,635$4,185$3,775$3,402$2,378
11 years$4,615$4,127$3,685$3,286$2,926$1,960
12 years$4,187$3,704$3,270$2,882$2,536$1,626
13 years$3,825$3,347$2,922$2,544$2,211$1,357
14 years$3,515$3,043$2,625$2,258$1,938$1,136
15 years$3,247$2,779$2,370$2,014$1,707$955
16 years$3,013$2,550$2,149$1,803$1,508$805
17 years$2,806$2,348$1,955$1,620$1,337$681
18 years$2,622$2,170$1,785$1,460$1,189$576
19 years$2,459$2,011$1,634$1,320$1,060$489
20 years$2,311$1,869$1,500$1,195$947$415
21 years$2,178$1,741$1,379$1,085$847$353
22 years$2,057$1,625$1,271$986$759$301
23 years$1,947$1,520$1,174$898$682$256
24 years$1,846$1,424$1,086$819$613$218
25 years$1,753$1,336$1,005$748$551$186
26 years$1,668$1,256$933$684$497$159
27 years$1,589$1,182$866$626$448$136
28 years$1,516$1,114$805$574$404$116
29 years$1,448$1,051$749$526$365$99
30 years$1,384$992$698$483$330$85
31 years$1,325$938$651$443$298$72
32 years$1,270$888$607$407$270$62
33 years$1,218$841$567$375$244$53
34 years$1,169$797$530$345$221$45
35 years$1,123$756$495$317$200$39
36 years$1,080$717$463$292$181$33
37 years$1,039$681$433$269$164$28
38 years$1,001$647$406$248$149$24
39 years$964$616$380$229$135$21
40 years$930$586$356$211$123$18
41 years$897$558$334$195$111$15
42 years$866$531$314$180$101$13
43 years$836$506$294$166$92$11
44 years$808$482$276$153$83$10
45 years$781$460$259$141$75$8
46 years$755$439$244$131$68$7
47 years$731$419$229$121$62$6
48 years$708$400$215$112$56$5
49 years$685$382$202$103$51$4
50 years$664$365$190$95$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $680,000, adding $2,576 every year, while hoping to spend $34,875 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: 75/8/17 Blend
46$680,000$680,000$680,000$680,000
47$752,017$715,977$705,437$805,340
48$791,616$713,953$691,963$838,956
49$834,085$710,661$676,868$871,229
50$879,681$706,003$660,062$905,673
51$928,683$699,872$641,449$942,496
52$981,401$692,158$620,929$981,926
53$1,038,173$682,742$598,400$1,024,213
54$1,099,371$671,501$573,750$1,069,636
55$1,165,403$658,301$546,867$1,118,502
56$1,236,718$643,001$517,631$1,171,148
57$1,313,809$625,454$485,917$1,227,949
58$1,397,218$605,502$451,596$1,289,315
59$1,487,541$582,978$414,531$1,355,702
60$1,585,433$557,707$374,581$1,427,611
61$1,691,614$529,501$331,596$1,505,597
62$1,806,876$498,164$285,422$1,590,269
63$1,932,091$463,488$235,897$1,682,303
64$2,068,216$425,250$182,851$1,782,442
65$2,216,306$383,220$126,109$1,891,507
66$2,377,521$337,149$65,485$2,010,404
67$2,553,137$286,778$788$2,140,132
68$2,744,558$231,832$0$2,281,795
69$2,953,332$172,020$0$2,448,989
70$3,181,158$107,036$0$2,631,633
71$3,429,910$36,555$0$2,831,105
72$3,701,650$0$0$3,049,079
73$3,998,646$0$0$3,290,902
74$4,323,398$0$0$3,558,869
75$4,678,657$0$0$3,852,036
76$5,067,452$0$0$4,172,906
77$5,493,118$0$0$4,524,236
78$5,959,329$0$0$4,909,061
79$6,470,130$0$0$5,330,724
80$7,029,975$0$0$5,792,906
81$7,643,771$0$0$6,299,661
82$8,316,922$0$0$6,855,456
83$9,055,379$0$0$7,465,208
84$9,865,697$0$0$8,134,336
85$10,755,099$0$0$8,868,807
86$11,731,536$0$0$9,675,194
87$12,803,773$0$0$10,560,738
88$13,981,459$0$0$11,533,416
89$15,275,228$0$0$12,602,015
90$16,696,792$0$0$13,776,214
91$18,259,056$0$0$15,066,679
92$19,976,236$0$0$16,485,159
93$21,863,992$0$0$18,044,596
94$23,939,581$0$0$19,759,251
95$26,222,011$0$0$21,644,835
96$28,732,228$0$0$23,718,658
97$31,493,308$0$0$25,999,792
98$34,530,675$0$0$28,509,249
99$37,872,343$0$0$31,270,182
100$41,549,176$0$0$34,308,098