Can I retire at age 47 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$63,586$63,019$62,467$61,928$61,401$60,260
2 years$31,478$30,892$30,324$29,773$29,239$28,093
3 years$20,777$20,188$19,621$19,076$18,550$17,436
4 years$15,427$14,840$14,279$13,743$13,230$12,156
5 years$12,219$11,635$11,081$10,556$10,057$9,026
6 years$10,080$9,501$8,955$8,442$7,958$6,971
7 years$8,553$7,979$7,442$6,940$6,472$5,530
8 years$7,408$6,839$6,311$5,822$5,369$4,471
9 years$6,519$5,955$5,436$4,959$4,522$3,667
10 years$5,807$5,249$4,739$4,275$3,853$3,041
11 years$5,225$4,673$4,172$3,720$3,313$2,544
12 years$4,741$4,194$3,703$3,263$2,871$2,143
13 years$4,331$3,790$3,308$2,881$2,504$1,815
14 years$3,981$3,445$2,972$2,557$2,195$1,545
15 years$3,677$3,147$2,684$2,281$1,933$1,319
16 years$3,411$2,888$2,433$2,042$1,708$1,131
17 years$3,177$2,659$2,214$1,835$1,514$972
18 years$2,970$2,457$2,021$1,654$1,347$837
19 years$2,784$2,277$1,850$1,494$1,200$722
20 years$2,617$2,116$1,698$1,353$1,072$624
21 years$2,466$1,971$1,562$1,228$959$540
22 years$2,329$1,840$1,440$1,117$860$468
23 years$2,204$1,721$1,329$1,017$772$406
24 years$2,090$1,612$1,229$928$694$353
25 years$1,985$1,513$1,139$847$624$306
26 years$1,888$1,422$1,056$775$562$266
27 years$1,799$1,338$981$709$507$232
28 years$1,716$1,261$912$650$457$202
29 years$1,639$1,190$848$596$413$176
30 years$1,567$1,124$790$547$373$153
31 years$1,500$1,062$737$502$337$133
32 years$1,438$1,005$687$461$305$116
33 years$1,379$952$642$424$276$101
34 years$1,324$902$600$390$250$88
35 years$1,272$856$561$359$227$77
36 years$1,223$812$524$331$205$67
37 years$1,177$771$491$305$186$59
38 years$1,133$733$460$281$169$51
39 years$1,092$697$431$259$153$45
40 years$1,053$663$404$239$139$39
41 years$1,016$631$378$221$126$34
42 years$980$601$355$204$114$30
43 years$947$573$333$188$104$26
44 years$915$546$313$173$94$23
45 years$884$521$294$160$85$20
46 years$855$497$276$148$78$17
47 years$828$474$259$137$70$15
48 years$801$453$243$126$64$13
49 years$776$432$229$117$58$11
50 years$752$413$215$108$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $770,000, adding $6,216 every year, while hoping to spend $57,540 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: 65/5/30 Blend
46$770,000$770,000$770,000$770,000
47$854,952$814,142$802,207$903,323
48$880,935$792,813$767,859$915,495
49$907,640$768,510$730,431$921,897
50$935,079$741,027$689,761$927,657
51$963,265$710,146$645,676$932,721
52$992,210$675,634$597,998$937,028
53$1,021,924$637,249$546,539$940,516
54$1,052,417$594,731$491,105$943,118
55$1,083,697$547,806$431,491$944,762
56$1,115,771$496,186$367,483$945,373
57$1,148,646$439,565$298,860$944,869
58$1,182,324$377,620$225,388$943,165
59$1,216,808$310,010$146,825$940,168
60$1,252,097$236,375$62,918$935,782
61$1,288,187$156,334$0$929,901
62$1,325,072$69,484$0$930,938
63$1,362,742$0$0$952,298
64$1,401,184$0$0$975,140
65$1,440,379$0$0$1,002,317
66$1,480,305$0$0$1,029,989
67$1,520,933$0$0$1,058,134
68$1,562,229$0$0$1,086,728
69$1,604,151$0$0$1,115,739
70$1,646,650$0$0$1,145,132
71$1,689,668$0$0$1,174,864
72$1,733,139$0$0$1,204,885
73$1,776,984$0$0$1,235,140
74$1,821,114$0$0$1,265,562
75$1,865,426$0$0$1,296,078
76$1,909,802$0$0$1,326,600
77$1,954,109$0$0$1,357,034
78$1,998,195$0$0$1,387,267
79$2,041,888$0$0$1,417,177
80$2,084,993$0$0$1,446,622
81$2,127,292$0$0$1,475,445
82$2,168,539$0$0$1,503,468
83$2,208,458$0$0$1,530,492
84$2,246,738$0$0$1,556,292
85$2,283,033$0$0$1,580,619
86$2,316,955$0$0$1,603,193
87$2,348,070$0$0$1,623,703
88$2,375,894$0$0$1,641,800
89$2,399,888$0$0$1,657,095
90$2,419,452$0$0$1,669,157
91$2,433,917$0$0$1,677,506
92$2,442,539$0$0$1,681,606
93$2,444,492$0$0$1,680,863
94$2,438,858$0$0$1,674,619
95$2,424,618$0$0$1,662,140
96$2,400,640$0$0$1,642,614
97$2,365,672$0$0$1,615,142
98$2,318,321$0$0$1,578,724
99$2,257,049$0$0$1,532,255
100$2,180,147$0$0$1,474,510