Can I retire at age 47 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$55,741$55,244$54,760$54,287$53,825$52,503
2 years$27,594$27,081$26,582$26,100$25,631$24,307
3 years$18,214$17,697$17,201$16,722$16,261$14,977
4 years$13,524$13,009$12,518$12,047$11,598$10,363
5 years$10,711$10,200$9,714$9,254$8,816$7,634
6 years$8,836$8,329$7,851$7,400$6,976$5,848
7 years$7,498$6,994$6,524$6,084$5,673$4,600
8 years$6,494$5,996$5,533$5,104$4,707$3,687
9 years$5,714$5,220$4,765$4,347$3,964$2,997
10 years$5,091$4,601$4,155$3,747$3,377$2,462
11 years$4,581$4,096$3,658$3,261$2,905$2,040
12 years$4,156$3,677$3,246$2,861$2,517$1,702
13 years$3,797$3,323$2,900$2,526$2,195$1,427
14 years$3,489$3,020$2,606$2,242$1,924$1,202
15 years$3,223$2,759$2,353$1,999$1,694$1,016
16 years$2,991$2,531$2,133$1,790$1,497$862
17 years$2,785$2,331$1,941$1,608$1,328$733
18 years$2,603$2,154$1,772$1,450$1,180$624
19 years$2,440$1,996$1,622$1,310$1,052$532
20 years$2,294$1,855$1,489$1,186$940$455
21 years$2,162$1,728$1,369$1,077$841$389
22 years$2,042$1,613$1,262$979$754$334
23 years$1,932$1,509$1,165$892$677$286
24 years$1,832$1,414$1,078$813$608$245
25 years$1,740$1,327$998$743$547$211
26 years$1,655$1,247$926$679$493$181
27 years$1,577$1,173$860$621$444$156
28 years$1,504$1,106$799$569$401$134
29 years$1,437$1,043$744$522$362$115
30 years$1,374$985$693$479$327$99
31 years$1,315$931$646$440$296$85
32 years$1,260$881$602$404$268$73
33 years$1,209$834$563$372$242$63
34 years$1,160$791$526$342$219$54
35 years$1,115$750$491$315$199$47
36 years$1,072$712$460$290$180$40
37 years$1,032$676$430$267$163$35
38 years$993$643$403$246$148$30
39 years$957$611$378$227$134$26
40 years$923$581$354$210$122$22
41 years$890$553$332$193$110$19
42 years$859$527$311$178$100$17
43 years$830$502$292$165$91$14
44 years$802$479$274$152$82$12
45 years$775$456$257$140$75$11
46 years$750$435$242$130$68$9
47 years$726$416$227$120$62$8
48 years$702$397$213$111$56$7
49 years$680$379$201$102$51$6
50 years$659$362$189$95$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $675,000, adding $6,020 every year, while hoping to spend $55,003 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: 67/16/17 Blend
46$675,000$675,000$675,000$675,000
47$750,060$714,285$703,822$796,834
48$768,043$690,762$668,877$805,324
49$786,017$664,243$630,919$807,626
50$803,923$634,523$589,787$808,788
51$821,694$601,385$545,315$808,694
52$839,254$564,601$497,331$807,221
53$856,519$523,927$445,652$804,232
54$873,392$479,107$390,089$799,582
55$889,765$429,871$330,445$793,110
56$905,518$375,932$266,512$784,642
57$920,516$316,987$198,074$773,991
58$934,605$252,716$124,907$760,952
59$947,619$182,783$46,775$745,301
60$959,367$106,830$0$726,796
61$969,638$24,481$0$711,814
62$978,198$0$0$702,914
63$984,786$0$0$702,723
64$989,110$0$0$705,147
65$990,847$0$0$705,638
66$989,638$0$0$703,928
67$985,084$0$0$699,722
68$976,742$0$0$692,694
69$964,122$0$0$682,479
70$946,678$0$0$668,674
71$923,808$0$0$650,834
72$894,844$0$0$628,464
73$859,044$0$0$601,017
74$815,590$0$0$567,885
75$763,575$0$0$528,400
76$701,995$0$0$481,819
77$629,741$0$0$427,321
78$545,586$0$0$364,000
79$448,172$0$0$290,853
80$336,001$0$0$206,771
81$207,415$0$0$110,529
82$60,583$0$0$775
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0