Can I retire at age 47 with 725,000?

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 $725,000?

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$59,870$59,337$58,816$58,308$57,813$56,392
2 years$29,639$29,087$28,552$28,033$27,530$26,107
3 years$19,563$19,008$18,475$17,961$17,466$16,086
4 years$14,526$13,973$13,445$12,940$12,457$11,130
5 years$11,504$10,955$10,434$9,939$9,470$8,200
6 years$9,491$8,946$8,432$7,948$7,493$6,282
7 years$8,053$7,513$7,007$6,535$6,094$4,941
8 years$6,975$6,440$5,943$5,482$5,055$3,960
9 years$6,138$5,607$5,118$4,669$4,257$3,219
10 years$5,468$4,942$4,462$4,025$3,627$2,645
11 years$4,920$4,400$3,929$3,503$3,120$2,191
12 years$4,464$3,949$3,486$3,073$2,704$1,828
13 years$4,078$3,569$3,115$2,713$2,358$1,533
14 years$3,748$3,244$2,799$2,408$2,067$1,291
15 years$3,462$2,963$2,527$2,147$1,820$1,092
16 years$3,212$2,719$2,291$1,923$1,608$926
17 years$2,992$2,504$2,085$1,728$1,426$787
18 years$2,796$2,314$1,903$1,557$1,268$670
19 years$2,621$2,144$1,742$1,407$1,130$572
20 years$2,464$1,993$1,599$1,274$1,009$489
21 years$2,322$1,856$1,471$1,156$903$418
22 years$2,193$1,733$1,355$1,051$810$358
23 years$2,076$1,620$1,252$958$727$307
24 years$1,968$1,518$1,157$873$653$264
25 years$1,869$1,425$1,072$798$588$226
26 years$1,778$1,339$994$729$530$194
27 years$1,694$1,260$923$668$477$167
28 years$1,616$1,188$858$612$431$144
29 years$1,543$1,120$799$561$389$124
30 years$1,476$1,058$744$515$351$106
31 years$1,413$1,000$694$473$318$92
32 years$1,354$946$647$434$287$79
33 years$1,298$896$604$400$260$68
34 years$1,246$849$565$368$236$58
35 years$1,198$806$528$338$213$50
36 years$1,151$765$494$312$193$43
37 years$1,108$726$462$287$175$37
38 years$1,067$690$433$265$159$32
39 years$1,028$656$405$244$144$28
40 years$991$624$380$225$131$24
41 years$956$594$356$208$119$21
42 years$923$566$334$192$108$18
43 years$891$539$314$177$98$15
44 years$861$514$294$163$89$13
45 years$833$490$276$151$80$11
46 years$805$468$260$139$73$10
47 years$779$446$244$129$66$8
48 years$754$426$229$119$60$7
49 years$731$407$215$110$55$6
50 years$708$389$203$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $725,000, adding $3,806 every year, while hoping to spend $25,949 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: 35/40/25 Blend
46$725,000$725,000$725,000$725,000
47$802,876$764,451$753,213$824,794
48$857,160$774,299$750,837$851,258
49$916,111$783,761$747,510$877,161
50$980,178$792,789$743,176$904,597
51$1,049,854$801,334$737,770$933,719
52$1,125,683$809,343$731,229$964,698
53$1,208,262$816,760$723,485$997,722
54$1,298,248$823,525$714,465$1,033,003
55$1,396,366$829,574$704,096$1,070,772
56$1,503,411$834,838$692,299$1,111,289
57$1,620,259$839,246$678,991$1,154,840
58$1,747,877$842,721$664,089$1,201,743
59$1,887,326$845,179$647,501$1,252,350
60$2,039,775$846,535$629,134$1,307,050
61$2,206,512$846,695$608,890$1,366,278
62$2,388,955$845,562$586,667$1,430,512
63$2,588,664$843,030$562,356$1,500,281
64$2,807,359$838,990$535,846$1,576,175
65$3,046,932$833,323$507,020$1,658,844
66$3,309,468$825,905$475,754$1,749,007
67$3,597,263$816,603$441,921$1,847,462
68$3,912,846$805,278$405,387$1,955,090
69$4,259,000$791,781$366,011$2,072,868
70$4,638,795$775,955$323,649$2,201,875
71$5,055,607$757,632$278,147$2,343,304
72$5,513,160$736,637$229,345$2,498,476
73$6,015,552$712,782$177,078$2,668,851
74$6,567,300$685,870$121,172$2,856,044
75$7,173,378$655,691$61,445$3,061,837
76$7,839,267$622,024$0$3,288,203
77$8,571,003$584,635$0$3,537,935
78$9,375,240$543,276$0$3,830,358
79$10,259,303$497,685$0$4,151,782
80$11,231,266$447,586$0$4,505,204
81$12,300,022$392,685$0$4,893,930
82$13,475,372$332,674$0$5,321,611
83$14,768,111$267,226$0$5,792,272
84$16,190,135$195,996$0$6,310,357
85$17,754,548$118,620$0$6,880,767
86$19,475,792$34,712$0$7,508,909
87$21,369,776$0$0$8,200,750
88$23,454,032$0$0$8,987,578
89$25,747,875$0$0$9,870,466
90$28,272,587$0$0$10,842,342
91$31,051,622$0$0$11,912,250
92$34,110,817$0$0$13,090,155
93$37,478,646$0$0$14,387,035
94$41,186,482$0$0$15,814,991
95$45,268,896$0$0$17,387,352
96$49,763,979$0$0$19,118,811
97$54,713,707$0$0$21,025,554
98$60,164,333$0$0$23,125,418
99$66,166,821$0$0$25,438,059
100$72,777,334$0$0$27,985,135