Can I retire at age 47 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$60,283$59,746$59,222$58,711$58,211$56,101
2 years$29,843$29,287$28,748$28,226$27,720$25,617
3 years$19,698$19,139$18,602$18,085$17,586$15,557
4 years$14,626$14,070$13,538$13,029$12,543$10,603
5 years$11,584$11,031$10,506$10,008$9,535$7,689
6 years$9,556$9,007$8,490$8,003$7,545$5,794
7 years$8,109$7,564$7,055$6,580$6,136$4,480
8 years$7,024$6,484$5,984$5,520$5,090$3,528
9 years$6,180$5,646$5,154$4,702$4,287$2,816
10 years$5,505$4,976$4,493$4,053$3,652$2,270
11 years$4,954$4,430$3,956$3,527$3,141$1,845
12 years$4,495$3,976$3,510$3,094$2,722$1,509
13 years$4,106$3,593$3,136$2,731$2,374$1,240
14 years$3,774$3,266$2,818$2,425$2,081$1,023
15 years$3,486$2,984$2,544$2,162$1,832$847
16 years$3,234$2,738$2,307$1,936$1,619$703
17 years$3,012$2,521$2,099$1,740$1,436$584
18 years$2,815$2,330$1,916$1,568$1,277$487
19 years$2,639$2,159$1,754$1,417$1,138$406
20 years$2,481$2,006$1,610$1,283$1,016$339
21 years$2,338$1,869$1,481$1,164$910$284
22 years$2,208$1,745$1,365$1,059$815$237
23 years$2,090$1,632$1,260$964$732$199
24 years$1,982$1,529$1,165$879$658$166
25 years$1,882$1,435$1,079$803$592$140
26 years$1,790$1,348$1,001$734$533$117
27 years$1,706$1,269$930$672$481$98
28 years$1,627$1,196$864$616$434$82
29 years$1,554$1,128$804$565$392$69
30 years$1,486$1,065$749$518$354$58
31 years$1,422$1,007$698$476$320$49
32 years$1,363$953$652$437$289$41
33 years$1,307$902$608$402$262$34
34 years$1,255$855$568$370$237$29
35 years$1,206$811$531$341$215$24
36 years$1,159$770$497$314$195$20
37 years$1,116$731$465$289$176$17
38 years$1,074$695$436$266$160$14
39 years$1,035$661$408$246$145$12
40 years$998$629$383$227$132$10
41 years$963$598$359$209$119$9
42 years$929$570$337$193$108$7
43 years$898$543$316$178$98$6
44 years$867$518$296$164$89$5
45 years$839$494$278$152$81$4
46 years$811$471$261$140$74$4
47 years$785$449$246$130$67$3
48 years$760$429$231$120$61$3
49 years$736$410$217$111$55$2
50 years$713$391$204$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $730,000, adding $5,661 every year, while hoping to spend $44,786 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: 41/41/18 Blend
46$730,000$730,000$730,000$730,000
47$810,299$771,609$760,294$839,012
48$845,298$761,766$738,112$850,099
49$882,365$749,940$713,686$857,318
50$921,665$735,986$686,893$864,194
51$963,377$719,750$657,606$870,718
52$1,007,695$701,072$625,690$876,883
53$1,054,835$679,780$591,005$882,687
54$1,105,030$655,691$553,406$888,131
55$1,158,538$628,614$512,739$893,218
56$1,215,637$598,345$468,845$897,960
57$1,276,638$564,669$421,557$902,371
58$1,341,876$527,359$370,700$906,474
59$1,411,721$486,174$316,092$910,299
60$1,486,580$440,859$257,544$913,884
61$1,566,896$391,146$194,857$917,277
62$1,653,158$336,751$127,823$920,540
63$1,745,901$277,373$56,227$923,744
64$1,845,715$212,696$0$926,977
65$1,953,243$142,384$0$934,218
66$2,069,197$66,083$0$953,492
67$2,194,354$0$0$974,179
68$2,329,572$0$0$1,003,975
69$2,475,791$0$0$1,068,509
70$2,634,045$0$0$1,138,433
71$2,805,471$0$0$1,214,259
72$2,991,319$0$0$1,296,550
73$3,192,965$0$0$1,385,925
74$3,411,918$0$0$1,483,066
75$3,649,843$0$0$1,588,723
76$3,908,569$0$0$1,703,719
77$4,190,108$0$0$1,828,963
78$4,496,673$0$0$1,965,453
79$4,830,703$0$0$2,114,288
80$5,194,877$0$0$2,276,677
81$5,592,148$0$0$2,453,952
82$6,025,764$0$0$2,647,578
83$6,499,299$0$0$2,859,169
84$7,016,691$0$0$3,090,501
85$7,582,272$0$0$3,343,529
86$8,200,813$0$0$3,620,406
87$8,877,568$0$0$3,923,503
88$9,618,321$0$0$4,255,432
89$10,429,440$0$0$4,619,067
90$11,317,941$0$0$5,017,575
91$12,291,546$0$0$5,454,442
92$13,358,763$0$0$5,933,509
93$14,528,961$0$0$6,459,007
94$15,812,458$0$0$7,035,595
95$17,220,621$0$0$7,668,404
96$18,765,968$0$0$8,363,088
97$20,462,289$0$0$9,125,874
98$22,324,774$0$0$9,963,621
99$24,370,156$0$0$10,883,885
100$26,616,866$0$0$11,894,992