Can I retire at age 47 with 780,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18%
1 years$64,412$63,838$63,278$62,732$62,198$60,183
2 years$31,887$31,293$30,718$30,160$29,618$27,607
3 years$21,047$20,450$19,876$19,323$18,791$16,847
4 years$15,628$15,033$14,465$13,921$13,402$11,539
5 years$12,377$11,786$11,225$10,693$10,188$8,412
6 years$10,211$9,624$9,072$8,551$8,061$6,374
7 years$8,664$8,082$7,539$7,031$6,556$4,957
8 years$7,505$6,928$6,393$5,898$5,439$3,927
9 years$6,603$6,032$5,507$5,024$4,580$3,153
10 years$5,882$5,317$4,801$4,330$3,903$2,559
11 years$5,293$4,734$4,227$3,769$3,356$2,093
12 years$4,803$4,249$3,751$3,306$2,909$1,723
13 years$4,388$3,839$3,351$2,918$2,536$1,426
14 years$4,032$3,490$3,011$2,591$2,223$1,184
15 years$3,725$3,188$2,719$2,310$1,958$987
16 years$3,456$2,925$2,465$2,069$1,730$825
17 years$3,219$2,694$2,243$1,859$1,534$691
18 years$3,008$2,489$2,047$1,675$1,364$580
19 years$2,820$2,307$1,874$1,514$1,216$488
20 years$2,651$2,144$1,720$1,371$1,086$410
21 years$2,498$1,997$1,582$1,244$972$346
22 years$2,359$1,864$1,458$1,131$871$292
23 years$2,233$1,743$1,346$1,030$782$246
24 years$2,117$1,633$1,245$940$703$208
25 years$2,011$1,533$1,153$858$632$176
26 years$1,913$1,441$1,070$785$570$149
27 years$1,822$1,356$993$718$514$126
28 years$1,738$1,278$923$658$463$106
29 years$1,660$1,205$859$603$418$90
30 years$1,588$1,138$800$554$378$76
31 years$1,520$1,076$746$509$342$64
32 years$1,456$1,018$696$467$309$55
33 years$1,397$964$650$430$280$46
34 years$1,341$914$607$395$253$39
35 years$1,288$867$568$364$229$33
36 years$1,239$823$531$335$208$28
37 years$1,192$781$497$309$188$24
38 years$1,148$743$466$285$171$20
39 years$1,106$706$436$263$155$17
40 years$1,066$672$409$242$141$14
41 years$1,029$639$383$223$127$12
42 years$993$609$360$206$116$10
43 years$959$580$337$190$105$9
44 years$927$553$317$176$95$7
45 years$896$527$297$162$87$6
46 years$867$503$279$150$79$5
47 years$839$480$262$139$71$5
48 years$812$458$247$128$65$4
49 years$786$438$232$118$59$3
50 years$762$418$218$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $780,000, adding $5,863 every year, while hoping to spend $59,522 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: 44/32/24 Blend
46$780,000$780,000$780,000$780,000
47$865,608$824,268$812,178$897,444
48$890,569$801,326$776,055$897,645
49$916,081$775,265$736,727$891,649
50$942,137$745,869$694,023$883,965
51$968,729$712,911$647,767$874,468
52$995,844$676,148$597,771$863,024
53$1,023,466$635,325$543,843$849,492
54$1,051,576$590,172$485,778$833,722
55$1,080,150$540,404$423,365$815,555
56$1,109,160$485,719$356,382$794,821
57$1,138,573$425,797$284,599$771,338
58$1,168,348$360,302$207,774$744,915
59$1,198,440$288,877$125,655$715,348
60$1,228,795$211,147$37,979$682,420
61$1,259,353$126,713$0$645,899
62$1,290,041$35,156$0$619,773
63$1,320,780$0$0$600,852
64$1,351,478$0$0$601,721
65$1,382,031$0$0$614,848
66$1,412,320$0$0$627,793
67$1,442,212$0$0$640,491
68$1,471,557$0$0$652,867
69$1,500,185$0$0$664,838
70$1,527,907$0$0$676,309
71$1,554,511$0$0$687,175
72$1,579,756$0$0$697,319
73$1,603,377$0$0$706,609
74$1,625,076$0$0$714,899
75$1,644,520$0$0$722,026
76$1,661,338$0$0$727,807
77$1,675,118$0$0$732,039
78$1,685,400$0$0$734,498
79$1,691,672$0$0$734,934
80$1,693,366$0$0$733,068
81$1,689,851$0$0$728,591
82$1,680,425$0$0$721,161
83$1,664,312$0$0$710,398
84$1,640,649$0$0$695,882
85$1,608,480$0$0$677,145
86$1,566,744$0$0$653,671
87$1,514,268$0$0$624,887
88$1,449,753$0$0$590,160
89$1,371,760$0$0$548,790
90$1,278,697$0$0$500,001
91$1,168,802$0$0$442,934
92$1,040,128$0$0$376,643
93$890,521$0$0$300,079
94$717,599$0$0$212,084
95$518,731$0$0$111,377
96$291,008$0$0$0
97$31,218$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0