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%15.1%
1 years$64,412$63,838$63,278$62,732$62,198$60,893
2 years$31,887$31,293$30,718$30,160$29,618$28,309
3 years$21,047$20,450$19,876$19,323$18,791$17,519
4 years$15,628$15,033$14,465$13,921$13,402$12,177
5 years$12,377$11,786$11,225$10,693$10,188$9,013
6 years$10,211$9,624$9,072$8,551$8,061$6,939
7 years$8,664$8,082$7,539$7,031$6,556$5,485
8 years$7,505$6,928$6,393$5,898$5,439$4,420
9 years$6,603$6,032$5,507$5,024$4,580$3,612
10 years$5,882$5,317$4,801$4,330$3,903$2,984
11 years$5,293$4,734$4,227$3,769$3,356$2,487
12 years$4,803$4,249$3,751$3,306$2,909$2,087
13 years$4,388$3,839$3,351$2,918$2,536$1,761
14 years$4,032$3,490$3,011$2,591$2,223$1,492
15 years$3,725$3,188$2,719$2,310$1,958$1,269
16 years$3,456$2,925$2,465$2,069$1,730$1,083
17 years$3,219$2,694$2,243$1,859$1,534$927
18 years$3,008$2,489$2,047$1,675$1,364$795
19 years$2,820$2,307$1,874$1,514$1,216$683
20 years$2,651$2,144$1,720$1,371$1,086$587
21 years$2,498$1,997$1,582$1,244$972$506
22 years$2,359$1,864$1,458$1,131$871$437
23 years$2,233$1,743$1,346$1,030$782$377
24 years$2,117$1,633$1,245$940$703$326
25 years$2,011$1,533$1,153$858$632$282
26 years$1,913$1,441$1,070$785$570$244
27 years$1,822$1,356$993$718$514$211
28 years$1,738$1,278$923$658$463$183
29 years$1,660$1,205$859$603$418$158
30 years$1,588$1,138$800$554$378$137
31 years$1,520$1,076$746$509$342$119
32 years$1,456$1,018$696$467$309$103
33 years$1,397$964$650$430$280$90
34 years$1,341$914$607$395$253$78
35 years$1,288$867$568$364$229$67
36 years$1,239$823$531$335$208$59
37 years$1,192$781$497$309$188$51
38 years$1,148$743$466$285$171$44
39 years$1,106$706$436$263$155$38
40 years$1,066$672$409$242$141$33
41 years$1,029$639$383$223$127$29
42 years$993$609$360$206$116$25
43 years$959$580$337$190$105$22
44 years$927$553$317$176$95$19
45 years$896$527$297$162$87$16
46 years$867$503$279$150$79$14
47 years$839$480$262$139$71$12
48 years$812$458$247$128$65$11
49 years$786$438$232$118$59$9
50 years$762$418$218$109$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $780,000, adding $6,028 every year, while hoping to spend $55,630 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: 56/19/25 Blend
46$780,000$780,000$780,000$780,000
47$865,778$824,438$812,348$908,033
48$894,897$805,645$780,372$918,888
49$925,122$784,068$745,460$924,359
50$956,507$759,509$707,455$929,157
51$989,110$731,764$666,193$933,234
52$1,022,991$700,613$621,503$936,541
53$1,058,218$665,824$573,205$939,025
54$1,094,861$627,154$521,112$940,634
55$1,132,995$584,343$465,028$941,312
56$1,172,702$537,118$404,748$941,003
57$1,214,071$485,189$340,060$939,647
58$1,257,193$428,251$270,739$937,184
59$1,302,172$365,981$196,554$933,553
60$1,349,117$298,037$117,262$928,690
61$1,398,144$224,058$32,608$922,531
62$1,449,382$143,664$0$915,010
63$1,502,968$56,453$0$921,462
64$1,559,051$0$0$936,701
65$1,617,792$0$0$959,976
66$1,679,365$0$0$996,764
67$1,743,961$0$0$1,035,380
68$1,811,784$0$0$1,075,948
69$1,883,059$0$0$1,118,606
70$1,958,027$0$0$1,163,501
71$2,036,953$0$0$1,210,796
72$2,120,125$0$0$1,260,666
73$2,207,856$0$0$1,313,303
74$2,300,486$0$0$1,368,917
75$2,398,389$0$0$1,427,736
76$2,501,971$0$0$1,490,009
77$2,611,674$0$0$1,556,008
78$2,727,985$0$0$1,626,031
79$2,851,431$0$0$1,700,402
80$2,982,592$0$0$1,779,477
81$3,122,102$0$0$1,863,646
82$3,270,653$0$0$1,953,333
83$3,429,005$0$0$2,049,006
84$3,597,988$0$0$2,151,175
85$3,778,512$0$0$2,260,400
86$3,971,577$0$0$2,377,295
87$4,178,275$0$0$2,502,533
88$4,399,806$0$0$2,636,851
89$4,637,488$0$0$2,781,061
90$4,892,763$0$0$2,936,050
91$5,167,217$0$0$3,102,795
92$5,462,590$0$0$3,282,367
93$5,780,794$0$0$3,475,943
94$6,123,926$0$0$3,684,814
95$6,494,293$0$0$3,910,402
96$6,894,428$0$0$4,154,266
97$7,327,114$0$0$4,418,122
98$7,795,412$0$0$4,703,855
99$8,302,686$0$0$5,013,539
100$8,852,635$0$0$5,349,451