Can I retire at age 47 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$61,934$61,383$60,844$60,319$59,806$58,078
2 years$30,661$30,090$29,536$29,000$28,479$26,752
3 years$20,237$19,664$19,112$18,580$18,068$16,396
4 years$15,027$14,455$13,909$13,386$12,886$11,282
5 years$11,901$11,333$10,794$10,282$9,796$8,263
6 years$9,818$9,254$8,723$8,222$7,751$6,292
7 years$8,331$7,772$7,249$6,760$6,304$4,918
8 years$7,216$6,662$6,147$5,671$5,230$3,917
9 years$6,349$5,800$5,295$4,830$4,404$3,163
10 years$5,656$5,113$4,616$4,164$3,753$2,581
11 years$5,090$4,551$4,064$3,624$3,227$2,123
12 years$4,618$4,085$3,607$3,179$2,797$1,758
13 years$4,219$3,692$3,222$2,806$2,439$1,464
14 years$3,877$3,356$2,895$2,491$2,138$1,224
15 years$3,581$3,066$2,614$2,222$1,882$1,027
16 years$3,323$2,813$2,370$1,989$1,664$864
17 years$3,095$2,590$2,157$1,787$1,475$728
18 years$2,892$2,394$1,969$1,611$1,312$615
19 years$2,712$2,218$1,802$1,455$1,169$521
20 years$2,549$2,061$1,654$1,318$1,044$441
21 years$2,402$1,920$1,521$1,196$934$374
22 years$2,269$1,792$1,402$1,088$838$318
23 years$2,147$1,676$1,295$991$752$270
24 years$2,036$1,571$1,197$903$676$230
25 years$1,934$1,474$1,109$825$608$196
26 years$1,839$1,385$1,029$754$548$167
27 years$1,752$1,304$955$691$494$142
28 years$1,672$1,228$888$633$446$121
29 years$1,597$1,159$826$580$402$103
30 years$1,527$1,094$770$532$364$88
31 years$1,461$1,035$717$489$329$75
32 years$1,400$979$669$449$297$64
33 years$1,343$927$625$413$269$55
34 years$1,289$879$584$380$244$47
35 years$1,239$833$546$350$221$40
36 years$1,191$791$511$322$200$34
37 years$1,146$751$478$297$181$29
38 years$1,104$714$448$274$164$25
39 years$1,063$679$419$252$149$21
40 years$1,025$646$393$233$135$18
41 years$989$615$369$215$123$15
42 years$955$586$346$198$111$13
43 years$922$558$324$183$101$11
44 years$891$532$305$169$92$10
45 years$861$507$286$156$83$8
46 years$833$484$269$144$76$7
47 years$806$462$252$133$69$6
48 years$780$441$237$123$62$5
49 years$756$421$223$114$57$4
50 years$732$402$210$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $750,000, adding $3,140 every year, while hoping to spend $57,783 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: 68/10/22 Blend
46$750,000$750,000$750,000$750,000
47$829,739$789,989$778,364$881,355
48$852,892$767,218$742,958$893,549
49$876,469$741,394$704,430$899,906
50$900,454$712,307$662,614$905,484
51$924,825$679,735$617,336$910,203
52$949,556$643,441$568,415$913,978
53$974,617$603,176$515,664$916,719
54$999,973$558,677$458,884$918,327
55$1,025,583$509,664$397,869$918,694
56$1,051,399$455,844$332,403$917,705
57$1,077,366$396,905$262,263$915,235
58$1,103,421$332,517$187,213$911,150
59$1,129,493$262,333$107,008$905,305
60$1,155,500$185,987$21,391$897,541
61$1,181,350$103,089$0$887,688
62$1,206,939$13,232$0$891,988
63$1,232,148$0$0$900,241
64$1,256,845$0$0$916,519
65$1,280,879$0$0$933,732
66$1,304,084$0$0$950,299
67$1,326,272$0$0$966,077
68$1,347,231$0$0$980,908
69$1,366,727$0$0$994,615
70$1,384,498$0$0$1,007,000
71$1,400,249$0$0$1,017,844
72$1,413,655$0$0$1,026,899
73$1,424,351$0$0$1,033,892
74$1,431,934$0$0$1,038,520
75$1,435,952$0$0$1,040,444
76$1,435,906$0$0$1,039,288
77$1,431,240$0$0$1,034,635
78$1,421,337$0$0$1,026,021
79$1,405,514$0$0$1,012,933
80$1,383,012$0$0$994,801
81$1,352,990$0$0$970,994
82$1,314,516$0$0$940,813
83$1,266,558$0$0$903,482
84$1,207,975$0$0$858,145
85$1,137,502$0$0$803,853
86$1,053,739$0$0$739,555
87$955,139$0$0$664,091
88$839,991$0$0$576,176
89$706,401$0$0$474,391
90$552,278$0$0$357,166
91$375,310$0$0$222,768
92$172,942$0$0$69,279
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0