Can I retire at age 47 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$55,328$54,835$54,354$53,885$53,427$52,263
2 years$27,390$26,880$26,386$25,906$25,441$24,274
3 years$18,079$17,566$17,073$16,598$16,141$15,008
4 years$13,424$12,913$12,425$11,958$11,512$10,421
5 years$10,632$10,124$9,642$9,185$8,751$7,705
6 years$8,771$8,267$7,792$7,345$6,924$5,925
7 years$7,442$6,943$6,476$6,039$5,631$4,679
8 years$6,446$5,951$5,492$5,066$4,672$3,766
9 years$5,672$5,182$4,730$4,315$3,934$3,074
10 years$5,053$4,567$4,124$3,720$3,352$2,537
11 years$4,547$4,066$3,630$3,237$2,883$2,111
12 years$4,125$3,649$3,222$2,839$2,498$1,769
13 years$3,769$3,298$2,879$2,507$2,179$1,491
14 years$3,464$2,998$2,586$2,225$1,910$1,262
15 years$3,199$2,739$2,335$1,985$1,682$1,072
16 years$2,968$2,513$2,117$1,777$1,486$913
17 years$2,765$2,314$1,927$1,597$1,318$780
18 years$2,584$2,138$1,759$1,439$1,172$668
19 years$2,422$1,982$1,610$1,300$1,044$573
20 years$2,277$1,841$1,478$1,178$933$492
21 years$2,146$1,715$1,359$1,069$835$424
22 years$2,027$1,601$1,253$972$748$365
23 years$1,918$1,497$1,157$885$672$314
24 years$1,819$1,403$1,070$807$604$271
25 years$1,727$1,317$991$737$543$234
26 years$1,643$1,237$919$674$489$202
27 years$1,565$1,165$853$617$441$175
28 years$1,493$1,097$793$565$398$151
29 years$1,426$1,035$738$518$359$131
30 years$1,364$978$688$476$325$113
31 years$1,306$924$641$437$294$98
32 years$1,251$875$598$401$266$85
33 years$1,200$828$558$369$240$74
34 years$1,152$785$522$340$218$64
35 years$1,107$745$488$313$197$55
36 years$1,064$707$456$288$179$48
37 years$1,024$671$427$265$162$41
38 years$986$638$400$245$147$36
39 years$950$607$375$226$133$31
40 years$916$577$351$208$121$27
41 years$884$549$329$192$110$23
42 years$853$523$309$177$99$20
43 years$824$498$290$163$90$18
44 years$796$475$272$151$82$15
45 years$770$453$255$139$74$13
46 years$744$432$240$129$67$11
47 years$720$412$225$119$61$10
48 years$697$394$212$110$56$9
49 years$675$376$199$102$51$7
50 years$654$359$187$94$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $670,000, adding $2,636 every year, while hoping to spend $21,217 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: 34/40/26 Blend
46$670,000$670,000$670,000$670,000
47$741,059$705,549$695,164$760,335
48$794,072$717,546$695,877$787,017
49$851,782$729,420$695,903$813,673
50$914,644$741,142$695,197$842,002
51$983,162$752,682$693,710$872,164
52$1,057,888$764,008$691,393$904,341
53$1,139,431$775,082$688,193$938,732
54$1,228,462$785,870$684,056$975,556
55$1,325,716$796,329$678,923$1,015,059
56$1,432,008$806,417$672,735$1,057,510
57$1,548,229$816,088$665,429$1,103,208
58$1,675,365$825,294$656,937$1,152,484
59$1,814,500$833,980$647,192$1,205,702
60$1,966,825$842,092$636,120$1,263,267
61$2,133,657$849,569$623,645$1,325,626
62$2,316,441$856,349$609,688$1,393,272
63$2,516,771$862,364$594,165$1,466,754
64$2,736,402$867,540$576,991$1,546,674
65$2,977,268$871,802$558,073$1,633,700
66$3,241,497$875,069$537,316$1,728,570
67$3,531,435$877,252$514,622$1,832,101
68$3,849,665$878,261$489,885$1,945,192
69$4,199,032$877,997$462,997$2,068,840
70$4,582,671$876,356$433,845$2,204,146
71$5,004,033$873,228$402,309$2,352,324
72$5,466,924$868,495$368,266$2,514,718
73$5,975,532$862,034$331,585$2,692,810
74$6,534,475$853,712$292,131$2,888,238
75$7,148,837$843,389$249,763$3,102,811
76$7,824,221$830,918$204,333$3,338,527
77$8,566,799$816,141$155,686$3,597,591
78$9,383,373$798,892$103,661$3,882,438
79$10,281,434$778,995$48,091$4,195,756
80$11,269,237$756,262$0$4,540,512
81$12,355,878$730,498$0$4,923,094
82$13,551,378$701,492$0$5,358,446
83$14,866,777$669,024$0$5,837,256
84$16,314,241$632,859$0$6,363,984
85$17,907,175$592,751$0$6,943,548
86$19,660,348$548,436$0$7,581,372
87$21,590,034$499,640$0$8,283,436
88$23,714,164$446,069$0$9,056,336
89$26,052,496$387,414$0$9,907,345
90$28,626,803$323,349$0$10,844,483
91$31,461,073$253,529$0$11,876,593
92$34,581,739$177,590$0$13,013,425
93$38,017,931$95,145$0$14,265,731
94$41,801,742$5,790$0$15,645,365
95$45,968,541$0$0$17,165,399
96$50,557,299$0$0$18,880,256
97$55,610,959$0$0$20,771,791
98$61,176,842$0$0$22,855,183
99$67,307,092$0$0$25,149,969
100$74,059,170$0$0$27,677,675