Can I retire at age 47 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$60,283$59,746$59,222$58,711$58,211$57,436
2 years$29,843$29,287$28,748$28,226$27,720$26,940
3 years$19,698$19,139$18,602$18,085$17,586$16,827
4 years$14,626$14,070$13,538$13,029$12,543$11,808
5 years$11,584$11,031$10,506$10,008$9,535$8,828
6 years$9,556$9,007$8,490$8,003$7,545$6,866
7 years$8,109$7,564$7,055$6,580$6,136$5,486
8 years$7,024$6,484$5,984$5,520$5,090$4,469
9 years$6,180$5,646$5,154$4,702$4,287$3,694
10 years$5,505$4,976$4,493$4,053$3,652$3,088
11 years$4,954$4,430$3,956$3,527$3,141$2,604
12 years$4,495$3,976$3,510$3,094$2,722$2,212
13 years$4,106$3,593$3,136$2,731$2,374$1,890
14 years$3,774$3,266$2,818$2,425$2,081$1,622
15 years$3,486$2,984$2,544$2,162$1,832$1,398
16 years$3,234$2,738$2,307$1,936$1,619$1,209
17 years$3,012$2,521$2,099$1,740$1,436$1,049
18 years$2,815$2,330$1,916$1,568$1,277$912
19 years$2,639$2,159$1,754$1,417$1,138$794
20 years$2,481$2,006$1,610$1,283$1,016$693
21 years$2,338$1,869$1,481$1,164$910$606
22 years$2,208$1,745$1,365$1,059$815$530
23 years$2,090$1,632$1,260$964$732$465
24 years$1,982$1,529$1,165$879$658$408
25 years$1,882$1,435$1,079$803$592$358
26 years$1,790$1,348$1,001$734$533$314
27 years$1,706$1,269$930$672$481$276
28 years$1,627$1,196$864$616$434$243
29 years$1,554$1,128$804$565$392$214
30 years$1,486$1,065$749$518$354$188
31 years$1,422$1,007$698$476$320$166
32 years$1,363$953$652$437$289$146
33 years$1,307$902$608$402$262$129
34 years$1,255$855$568$370$237$114
35 years$1,206$811$531$341$215$100
36 years$1,159$770$497$314$195$88
37 years$1,116$731$465$289$176$78
38 years$1,074$695$436$266$160$69
39 years$1,035$661$408$246$145$61
40 years$998$629$383$227$132$54
41 years$963$598$359$209$119$47
42 years$929$570$337$193$108$42
43 years$898$543$316$178$98$37
44 years$867$518$296$164$89$33
45 years$839$494$278$152$81$29
46 years$811$471$261$140$74$25
47 years$785$449$246$130$67$22
48 years$760$429$231$120$61$20
49 years$736$410$217$111$55$17
50 years$713$391$204$102$50$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $730,000, adding $4,837 every year, while hoping to spend $33,948 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: 33/38/29 Blend
46$730,000$730,000$730,000$730,000
47$809,449$770,759$759,444$828,912
48$855,893$772,406$748,765$845,806
49$905,936$772,996$736,591$860,661
50$959,909$772,441$722,835$876,018
51$1,018,178$770,648$707,407$891,944
52$1,081,140$767,519$690,214$908,518
53$1,149,238$762,948$671,157$925,829
54$1,222,952$756,824$650,133$943,976
55$1,302,815$749,030$627,034$963,074
56$1,389,410$739,441$601,748$983,251
57$1,483,379$727,923$574,156$1,004,654
58$1,585,429$714,337$544,136$1,027,445
59$1,696,337$698,533$511,558$1,051,811
60$1,816,957$680,355$476,289$1,077,958
61$1,948,230$659,636$438,188$1,106,120
62$2,091,190$636,198$397,107$1,136,559
63$2,246,975$609,855$352,894$1,169,569
64$2,416,838$580,410$305,388$1,205,478
65$2,602,159$547,653$254,422$1,244,654
66$2,804,454$511,364$199,820$1,287,510
67$3,025,395$471,307$141,401$1,334,504
68$3,266,822$427,237$78,974$1,386,151
69$3,530,758$378,892$12,340$1,443,023
70$3,819,433$325,996$0$1,505,758
71$4,135,302$268,256$0$1,593,253
72$4,481,067$205,366$0$1,693,373
73$4,859,706$136,999$0$1,803,247
74$5,274,495$62,811$0$1,923,929
75$5,729,045$0$0$2,056,587
76$6,227,329$0$0$2,209,856
77$6,773,728$0$0$2,406,834
78$7,373,062$0$0$2,623,008
79$8,030,643$0$0$2,860,308
80$8,752,322$0$0$3,120,860
81$9,544,542$0$0$3,407,005
82$10,414,402$0$0$3,721,324
83$11,369,723$0$0$4,066,658
84$12,419,117$0$0$4,446,136
85$13,572,074$0$0$4,863,210
86$14,839,048$0$0$5,321,677
87$16,231,557$0$0$5,825,723
88$17,762,287$0$0$6,379,962
89$19,445,218$0$0$6,989,473
90$21,295,750$0$0$7,659,856
91$23,330,851$0$0$8,397,277
92$25,569,214$0$0$9,208,532
93$28,031,437$0$0$10,101,110
94$30,740,212$0$0$11,083,260
95$33,720,545$0$0$12,164,073
96$36,999,983$0$0$13,353,563
97$40,608,882$0$0$14,662,767
98$44,580,688$0$0$16,103,844
99$48,952,254$0$0$17,690,194
100$53,764,186$0$0$19,436,580