Can I retire at age 47 with 760,000?

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 $760,000?

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 years$62,760$62,201$61,656$61,123$60,603$58,876
2 years$31,069$30,491$29,930$29,386$28,859$27,132
3 years$20,507$19,926$19,367$18,828$18,309$16,637
4 years$15,227$14,648$14,094$13,565$13,058$11,453
5 years$12,060$11,484$10,937$10,419$9,927$8,394
6 years$9,949$9,378$8,839$8,332$7,855$6,395
7 years$8,442$7,875$7,345$6,850$6,388$5,001
8 years$7,312$6,751$6,229$5,746$5,299$3,985
9 years$6,434$5,878$5,365$4,895$4,463$3,220
10 years$5,732$5,181$4,678$4,219$3,803$2,629
11 years$5,157$4,612$4,118$3,672$3,270$2,165
12 years$4,679$4,140$3,655$3,221$2,834$1,794
13 years$4,275$3,741$3,265$2,844$2,471$1,494
14 years$3,929$3,400$2,934$2,524$2,166$1,250
15 years$3,629$3,106$2,649$2,251$1,907$1,049
16 years$3,367$2,850$2,402$2,016$1,686$883
17 years$3,136$2,625$2,185$1,811$1,495$745
18 years$2,931$2,425$1,995$1,632$1,329$630
19 years$2,748$2,248$1,826$1,475$1,185$534
20 years$2,583$2,089$1,676$1,336$1,058$453
21 years$2,434$1,946$1,542$1,212$947$384
22 years$2,299$1,816$1,421$1,102$849$327
23 years$2,176$1,699$1,312$1,004$762$278
24 years$2,063$1,592$1,213$916$685$237
25 years$1,959$1,494$1,124$836$616$202
26 years$1,864$1,404$1,042$764$555$172
27 years$1,776$1,321$968$700$500$146
28 years$1,694$1,245$900$641$452$125
29 years$1,618$1,174$837$588$408$107
30 years$1,547$1,109$780$540$368$91
31 years$1,481$1,048$727$496$333$78
32 years$1,419$992$678$455$301$66
33 years$1,361$939$633$419$273$57
34 years$1,307$890$592$385$247$48
35 years$1,255$845$553$355$224$41
36 years$1,207$802$518$327$203$35
37 years$1,161$761$484$301$184$30
38 years$1,118$724$454$277$166$26
39 years$1,078$688$425$256$151$22
40 years$1,039$655$398$236$137$19
41 years$1,002$623$374$218$124$16
42 years$968$593$350$201$113$14
43 years$934$565$329$185$102$12
44 years$903$539$309$171$93$10
45 years$873$514$290$158$84$9
46 years$844$490$272$146$77$7
47 years$817$468$256$135$70$6
48 years$791$447$240$125$63$5
49 years$766$427$226$115$57$5
50 years$742$407$212$107$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $760,000, adding $3,474 every year, while hoping to spend $34,769 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: 42/49/9 Blend
46$760,000$760,000$760,000$760,000
47$841,103$800,823$789,043$874,070
48$889,902$803,070$778,482$899,663
49$942,513$804,261$766,402$923,584
50$999,288$804,309$752,716$948,697
51$1,060,614$803,118$737,330$975,125
52$1,126,917$800,591$720,151$1,003,005
53$1,198,663$796,621$701,077$1,032,489
54$1,276,366$791,095$680,003$1,063,748
55$1,360,592$783,895$656,819$1,096,972
56$1,451,961$774,894$631,411$1,132,372
57$1,551,156$763,959$603,658$1,170,185
58$1,658,928$750,948$573,435$1,210,675
59$1,776,104$735,709$540,610$1,254,134
60$1,903,593$718,085$505,047$1,300,889
61$2,042,395$697,907$466,602$1,351,302
62$2,193,611$674,996$425,125$1,405,779
63$2,358,452$649,164$380,459$1,464,766
64$2,538,251$620,210$332,441$1,528,765
65$2,734,476$587,923$280,901$1,598,330
66$2,948,741$552,080$225,660$1,674,077
67$3,182,825$512,445$166,532$1,756,689
68$3,438,685$468,766$103,323$1,846,928
69$3,718,475$420,780$35,829$1,945,634
70$4,024,569$368,208$0$2,053,744
71$4,359,579$310,754$0$2,175,771
72$4,726,383$248,107$0$2,313,286
73$5,128,147$179,938$0$2,464,142
74$5,568,360$105,897$0$2,629,774
75$6,050,866$25,619$0$2,811,773
76$6,579,895$0$0$3,011,896
77$7,160,107$0$0$3,265,137
78$7,796,637$0$0$3,558,209
79$8,495,138$0$0$3,879,916
80$9,261,839$0$0$4,233,139
81$10,103,599$0$0$4,621,051
82$11,027,976$0$0$5,047,147
83$12,043,294$0$0$5,515,280
84$13,158,725$0$0$6,029,693
85$14,384,370$0$0$6,595,059
86$15,731,360$0$0$7,216,528
87$17,211,956$0$0$7,899,773
88$18,839,667$0$0$8,651,044
89$20,629,375$0$0$9,477,228
90$22,597,478$0$0$10,385,912
91$24,762,039$0$0$11,385,455
92$27,142,965$0$0$12,485,068
93$29,762,183$0$0$13,694,896
94$32,643,857$0$0$15,026,123
95$35,814,608$0$0$16,491,066
96$39,303,770$0$0$18,103,301
97$43,143,662$0$0$19,877,783
98$47,369,897$0$0$21,830,993
99$52,021,714$0$0$23,981,088
100$57,142,349$0$0$26,348,079