Can I retire at age 47 with 730,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$60,283$59,746$59,222$58,711$58,211$57,748
2 years$29,843$29,287$28,748$28,226$27,720$27,252
3 years$19,698$19,139$18,602$18,085$17,586$17,130
4 years$14,626$14,070$13,538$13,029$12,543$12,101
5 years$11,584$11,031$10,506$10,008$9,535$9,108
6 years$9,556$9,007$8,490$8,003$7,545$7,134
7 years$8,109$7,564$7,055$6,580$6,136$5,741
8 years$7,024$6,484$5,984$5,520$5,090$4,712
9 years$6,180$5,646$5,154$4,702$4,287$3,925
10 years$5,505$4,976$4,493$4,053$3,652$3,307
11 years$4,954$4,430$3,956$3,527$3,141$2,811
12 years$4,495$3,976$3,510$3,094$2,722$2,407
13 years$4,106$3,593$3,136$2,731$2,374$2,074
14 years$3,774$3,266$2,818$2,425$2,081$1,796
15 years$3,486$2,984$2,544$2,162$1,832$1,562
16 years$3,234$2,738$2,307$1,936$1,619$1,363
17 years$3,012$2,521$2,099$1,740$1,436$1,193
18 years$2,815$2,330$1,916$1,568$1,277$1,046
19 years$2,639$2,159$1,754$1,417$1,138$920
20 years$2,481$2,006$1,610$1,283$1,016$811
21 years$2,338$1,869$1,481$1,164$910$716
22 years$2,208$1,745$1,365$1,059$815$632
23 years$2,090$1,632$1,260$964$732$560
24 years$1,982$1,529$1,165$879$658$496
25 years$1,882$1,435$1,079$803$592$440
26 years$1,790$1,348$1,001$734$533$390
27 years$1,706$1,269$930$672$481$347
28 years$1,627$1,196$864$616$434$308
29 years$1,554$1,128$804$565$392$274
30 years$1,486$1,065$749$518$354$244
31 years$1,422$1,007$698$476$320$217
32 years$1,363$953$652$437$289$193
33 years$1,307$902$608$402$262$172
34 years$1,255$855$568$370$237$154
35 years$1,206$811$531$341$215$137
36 years$1,159$770$497$314$195$122
37 years$1,116$731$465$289$176$109
38 years$1,074$695$436$266$160$97
39 years$1,035$661$408$246$145$87
40 years$998$629$383$227$132$77
41 years$963$598$359$209$119$69
42 years$929$570$337$193$108$62
43 years$898$543$316$178$98$55
44 years$867$518$296$164$89$49
45 years$839$494$278$152$81$44
46 years$811$471$261$140$74$39
47 years$785$449$246$130$67$35
48 years$760$429$231$120$61$31
49 years$736$410$217$111$55$28
50 years$713$391$204$102$50$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $730,000, adding $4,663 every year, while hoping to spend $35,907 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: 55/30/15 Blend
46$730,000$730,000$730,000$730,000
47$809,270$770,580$759,265$850,340
48$853,611$770,134$746,495$878,357
49$901,271$768,462$732,095$904,576
50$952,551$765,467$715,970$932,309
51$1,007,781$761,045$698,025$961,708
52$1,067,324$755,085$678,158$992,941
53$1,131,577$747,471$656,264$1,026,198
54$1,200,980$738,079$632,230$1,061,688
55$1,276,012$726,776$605,941$1,099,642
56$1,357,201$713,425$577,277$1,140,320
57$1,445,130$697,877$546,110$1,184,006
58$1,540,437$679,976$512,308$1,231,018
59$1,643,824$659,557$475,733$1,281,709
60$1,756,063$636,445$436,239$1,336,470
61$1,878,005$610,455$393,677$1,395,734
62$2,010,584$581,389$347,887$1,459,982
63$2,154,828$549,042$298,706$1,529,745
64$2,311,869$513,193$245,961$1,605,614
65$2,482,952$473,612$189,473$1,688,244
66$2,669,445$430,051$129,053$1,778,357
67$2,872,858$382,253$64,505$1,876,757
68$3,094,850$329,944$0$1,984,330
69$3,337,247$272,833$0$2,102,762
70$3,602,060$210,616$0$2,243,503
71$3,891,504$142,970$0$2,397,458
72$4,208,014$69,552$0$2,565,996
73$4,554,276$0$0$2,750,631
74$4,933,242$0$0$2,956,332
75$5,348,168$0$0$3,206,757
76$5,802,637$0$0$3,481,115
77$6,300,593$0$0$3,781,797
78$6,846,382$0$0$4,111,435
79$7,444,790$0$0$4,472,928
80$8,101,089$0$0$4,869,471
81$8,821,083$0$0$5,304,580
82$9,611,167$0$0$5,782,131
83$10,478,386$0$0$6,306,392
84$11,430,498$0$0$6,882,063
85$12,476,050$0$0$7,514,324
86$13,624,456$0$0$8,208,880
87$14,886,089$0$0$8,972,015
88$16,272,375$0$0$9,810,654
89$17,795,902$0$0$10,732,425
90$19,470,535$0$0$11,745,729
91$21,311,554$0$0$12,859,827
92$23,335,791$0$0$14,084,918
93$25,561,789$0$0$15,432,240
94$28,009,979$0$0$16,914,174
95$30,702,873$0$0$18,544,363
96$33,665,273$0$0$20,337,837
97$36,924,504$0$0$22,311,157
98$40,510,676$0$0$24,482,569
99$44,456,964$0$0$26,872,179
100$48,799,921$0$0$29,502,139