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%13.5%
1 years$59,870$59,337$58,816$58,308$57,813$56,972
2 years$29,639$29,087$28,552$28,033$27,530$26,685
3 years$19,563$19,008$18,475$17,961$17,466$16,643
4 years$14,526$13,973$13,445$12,940$12,457$11,662
5 years$11,504$10,955$10,434$9,939$9,470$8,705
6 years$9,491$8,946$8,432$7,948$7,493$6,760
7 years$8,053$7,513$7,007$6,535$6,094$5,392
8 years$6,975$6,440$5,943$5,482$5,055$4,385
9 years$6,138$5,607$5,118$4,669$4,257$3,618
10 years$5,468$4,942$4,462$4,025$3,627$3,019
11 years$4,920$4,400$3,929$3,503$3,120$2,541
12 years$4,464$3,949$3,486$3,073$2,704$2,154
13 years$4,078$3,569$3,115$2,713$2,358$1,837
14 years$3,748$3,244$2,799$2,408$2,067$1,574
15 years$3,462$2,963$2,527$2,147$1,820$1,353
16 years$3,212$2,719$2,291$1,923$1,608$1,168
17 years$2,992$2,504$2,085$1,728$1,426$1,011
18 years$2,796$2,314$1,903$1,557$1,268$877
19 years$2,621$2,144$1,742$1,407$1,130$762
20 years$2,464$1,993$1,599$1,274$1,009$664
21 years$2,322$1,856$1,471$1,156$903$579
22 years$2,193$1,733$1,355$1,051$810$506
23 years$2,076$1,620$1,252$958$727$442
24 years$1,968$1,518$1,157$873$653$387
25 years$1,869$1,425$1,072$798$588$339
26 years$1,778$1,339$994$729$530$297
27 years$1,694$1,260$923$668$477$260
28 years$1,616$1,188$858$612$431$228
29 years$1,543$1,120$799$561$389$201
30 years$1,476$1,058$744$515$351$176
31 years$1,413$1,000$694$473$318$155
32 years$1,354$946$647$434$287$136
33 years$1,298$896$604$400$260$120
34 years$1,246$849$565$368$236$105
35 years$1,198$806$528$338$213$93
36 years$1,151$765$494$312$193$81
37 years$1,108$726$462$287$175$72
38 years$1,067$690$433$265$159$63
39 years$1,028$656$405$244$144$55
40 years$991$624$380$225$131$49
41 years$956$594$356$208$119$43
42 years$923$566$334$192$108$38
43 years$891$539$314$177$98$33
44 years$861$514$294$163$89$29
45 years$833$490$276$151$80$26
46 years$805$468$260$139$73$23
47 years$779$446$244$129$66$20
48 years$754$426$229$119$60$18
49 years$731$407$215$110$55$16
50 years$708$389$203$102$50$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $725,000, adding $2,615 every year, while hoping to spend $38,385 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: 67/27/6 Blend
46$725,000$725,000$725,000$725,000
47$801,647$763,222$751,985$854,461
48$842,574$759,779$736,335$886,372
49$886,389$754,880$718,874$916,359
50$933,346$748,415$699,502$948,108
51$983,723$740,263$678,111$981,783
52$1,037,827$730,300$654,593$1,017,568
53$1,095,994$718,393$628,829$1,055,666
54$1,158,590$704,400$600,701$1,096,302
55$1,226,023$688,172$570,080$1,139,724
56$1,298,735$669,549$536,835$1,186,208
57$1,377,214$648,366$500,828$1,236,058
58$1,461,998$624,444$461,914$1,289,611
59$1,553,676$597,596$419,942$1,347,240
60$1,652,895$567,622$374,754$1,409,357
61$1,760,368$534,313$326,186$1,476,419
62$1,876,878$497,447$274,066$1,548,930
63$2,003,286$456,788$218,213$1,627,449
64$2,140,538$412,088$158,441$1,712,593
65$2,289,678$363,085$94,553$1,805,044
66$2,451,850$309,502$26,346$1,905,558
67$2,628,316$251,044$0$2,014,970
68$2,820,461$187,403$0$2,137,175
69$3,029,814$118,251$0$2,272,214
70$3,258,052$43,243$0$2,419,541
71$3,507,026$0$0$2,580,417
72$3,778,770$0$0$2,767,521
73$4,075,524$0$0$2,985,918
74$4,399,753$0$0$3,224,578
75$4,754,171$0$0$3,485,506
76$5,141,769$0$0$3,770,907
77$5,565,835$0$0$4,083,210
78$6,029,994$0$0$4,425,089
79$6,538,235$0$0$4,799,490
80$7,094,952$0$0$5,209,656
81$7,704,983$0$0$5,659,158
82$8,373,657$0$0$6,151,930
83$9,106,843$0$0$6,692,305
84$9,911,005$0$0$7,285,053
85$10,793,262$0$0$7,935,430
86$11,761,456$0$0$8,649,226
87$12,824,226$0$0$9,432,818
88$13,991,085$0$0$10,293,229
89$15,272,517$0$0$11,238,197
90$16,680,066$0$0$12,276,246
91$18,226,452$0$0$13,416,766
92$19,925,688$0$0$14,670,103
93$21,793,210$0$0$16,047,651
94$23,846,025$0$0$17,561,968
95$26,102,869$0$0$19,226,884
96$28,584,385$0$0$21,057,640
97$31,313,315$0$0$23,071,027
98$34,314,715$0$0$25,285,542
99$37,616,192$0$0$27,721,567
100$41,248,163$0$0$30,401,560