Can I retire at age 47 with 780,000?

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 $780,000?

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$64,412$63,838$63,278$62,732$62,198$59,944
2 years$31,887$31,293$30,718$30,160$29,618$27,372
3 years$21,047$20,450$19,876$19,323$18,791$16,623
4 years$15,628$15,033$14,465$13,921$13,402$11,329
5 years$12,377$11,786$11,225$10,693$10,188$8,215
6 years$10,211$9,624$9,072$8,551$8,061$6,191
7 years$8,664$8,082$7,539$7,031$6,556$4,787
8 years$7,505$6,928$6,393$5,898$5,439$3,770
9 years$6,603$6,032$5,507$5,024$4,580$3,009
10 years$5,882$5,317$4,801$4,330$3,903$2,426
11 years$5,293$4,734$4,227$3,769$3,356$1,972
12 years$4,803$4,249$3,751$3,306$2,909$1,612
13 years$4,388$3,839$3,351$2,918$2,536$1,325
14 years$4,032$3,490$3,011$2,591$2,223$1,093
15 years$3,725$3,188$2,719$2,310$1,958$905
16 years$3,456$2,925$2,465$2,069$1,730$751
17 years$3,219$2,694$2,243$1,859$1,534$624
18 years$3,008$2,489$2,047$1,675$1,364$520
19 years$2,820$2,307$1,874$1,514$1,216$434
20 years$2,651$2,144$1,720$1,371$1,086$362
21 years$2,498$1,997$1,582$1,244$972$303
22 years$2,359$1,864$1,458$1,131$871$254
23 years$2,233$1,743$1,346$1,030$782$212
24 years$2,117$1,633$1,245$940$703$178
25 years$2,011$1,533$1,153$858$632$149
26 years$1,913$1,441$1,070$785$570$125
27 years$1,822$1,356$993$718$514$105
28 years$1,738$1,278$923$658$463$88
29 years$1,660$1,205$859$603$418$74
30 years$1,588$1,138$800$554$378$62
31 years$1,520$1,076$746$509$342$52
32 years$1,456$1,018$696$467$309$44
33 years$1,397$964$650$430$280$37
34 years$1,341$914$607$395$253$31
35 years$1,288$867$568$364$229$26
36 years$1,239$823$531$335$208$22
37 years$1,192$781$497$309$188$18
38 years$1,148$743$466$285$171$15
39 years$1,106$706$436$263$155$13
40 years$1,066$672$409$242$141$11
41 years$1,029$639$383$223$127$9
42 years$993$609$360$206$116$8
43 years$959$580$337$190$105$6
44 years$927$553$317$176$95$5
45 years$896$527$297$162$87$5
46 years$867$503$279$150$79$4
47 years$839$480$262$139$71$3
48 years$812$458$247$128$65$3
49 years$786$438$232$118$59$2
50 years$762$418$218$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $780,000, adding $2,993 every year, while hoping to spend $43,972 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: 38/49/13 Blend
46$780,000$780,000$780,000$780,000
47$862,647$821,307$809,217$891,917
48$903,851$814,765$789,540$906,514
49$947,785$806,429$767,730$917,795
50$994,679$796,165$743,669$929,025
51$1,044,788$783,829$717,234$940,222
52$1,098,391$769,271$688,296$951,407
53$1,155,794$752,332$656,721$962,607
54$1,217,330$732,841$622,366$973,858
55$1,283,368$710,621$585,085$985,200
56$1,354,310$685,480$544,725$996,686
57$1,430,600$657,219$501,123$1,008,375
58$1,512,723$625,625$454,113$1,020,340
59$1,601,213$590,473$403,518$1,032,665
60$1,696,657$551,525$349,156$1,045,449
61$1,799,697$508,531$290,833$1,058,806
62$1,911,041$461,225$228,352$1,072,870
63$2,031,468$409,325$161,502$1,087,794
64$2,161,832$352,536$90,066$1,103,755
65$2,303,072$290,543$13,817$1,120,954
66$2,456,221$223,016$0$1,139,621
67$2,622,416$149,605$0$1,169,391
68$2,802,907$69,939$0$1,203,846
69$2,999,067$0$0$1,241,442
70$3,212,409$0$0$1,291,427
71$3,444,596$0$0$1,386,963
72$3,697,458$0$0$1,491,103
73$3,973,010$0$0$1,604,690
74$4,273,468$0$0$1,728,650
75$4,601,273$0$0$1,864,003
76$4,959,108$0$0$2,011,871
77$5,349,930$0$0$2,173,490
78$5,776,994$0$0$2,350,222
79$6,243,881$0$0$2,543,564
80$6,754,537$0$0$2,755,165
81$7,313,303$0$0$2,986,843
82$7,924,962$0$0$3,240,598
83$8,594,780$0$0$3,518,632
84$9,328,556$0$0$3,823,372
85$10,132,676$0$0$4,157,489
86$11,014,173$0$0$4,523,926
87$11,980,794$0$0$4,925,925
88$13,041,070$0$0$5,367,054
89$14,204,399$0$0$5,851,248
90$15,481,131$0$0$6,382,838
91$16,882,669$0$0$6,966,594
92$18,421,570$0$0$7,607,774
93$20,111,671$0$0$8,312,168
94$21,968,212$0$0$9,086,154
95$24,007,983$0$0$9,936,761
96$26,249,478$0$0$10,871,730
97$28,713,076$0$0$11,899,590
98$31,421,225$0$0$13,029,739
99$34,398,656$0$0$14,272,530
100$37,672,618$0$0$15,639,368