Can I retire at age 47 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$61,934$61,383$60,844$60,319$59,806$58,647
2 years$30,661$30,090$29,536$29,000$28,479$27,316
3 years$20,237$19,664$19,112$18,580$18,068$16,937
4 years$15,027$14,455$13,909$13,386$12,886$11,796
5 years$11,901$11,333$10,794$10,282$9,796$8,750
6 years$9,818$9,254$8,723$8,222$7,751$6,751
7 years$8,331$7,772$7,249$6,760$6,304$5,349
8 years$7,216$6,662$6,147$5,671$5,230$4,320
9 years$6,349$5,800$5,295$4,830$4,404$3,539
10 years$5,656$5,113$4,616$4,164$3,753$2,931
11 years$5,090$4,551$4,064$3,624$3,227$2,449
12 years$4,618$4,085$3,607$3,179$2,797$2,060
13 years$4,219$3,692$3,222$2,806$2,439$1,743
14 years$3,877$3,356$2,895$2,491$2,138$1,481
15 years$3,581$3,066$2,614$2,222$1,882$1,263
16 years$3,323$2,813$2,370$1,989$1,664$1,081
17 years$3,095$2,590$2,157$1,787$1,475$928
18 years$2,892$2,394$1,969$1,611$1,312$798
19 years$2,712$2,218$1,802$1,455$1,169$687
20 years$2,549$2,061$1,654$1,318$1,044$593
21 years$2,402$1,920$1,521$1,196$934$513
22 years$2,269$1,792$1,402$1,088$838$444
23 years$2,147$1,676$1,295$991$752$384
24 years$2,036$1,571$1,197$903$676$333
25 years$1,934$1,474$1,109$825$608$289
26 years$1,839$1,385$1,029$754$548$251
27 years$1,752$1,304$955$691$494$218
28 years$1,672$1,228$888$633$446$189
29 years$1,597$1,159$826$580$402$165
30 years$1,527$1,094$770$532$364$143
31 years$1,461$1,035$717$489$329$125
32 years$1,400$979$669$449$297$108
33 years$1,343$927$625$413$269$94
34 years$1,289$879$584$380$244$82
35 years$1,239$833$546$350$221$72
36 years$1,191$791$511$322$200$62
37 years$1,146$751$478$297$181$54
38 years$1,104$714$448$274$164$47
39 years$1,063$679$419$252$149$41
40 years$1,025$646$393$233$135$36
41 years$989$615$369$215$123$31
42 years$955$586$346$198$111$27
43 years$922$558$324$183$101$24
44 years$891$532$305$169$92$21
45 years$861$507$286$156$83$18
46 years$833$484$269$144$76$16
47 years$806$462$252$133$69$14
48 years$780$441$237$123$62$12
49 years$756$421$223$114$57$10
50 years$732$402$210$105$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $750,000, adding $2,652 every year, while hoping to spend $49,470 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: 25/47/28 Blend
46$750,000$750,000$750,000$750,000
47$829,236$789,486$777,861$842,633
48$861,182$775,535$751,283$840,072
49$894,729$759,242$722,157$832,949
50$929,987$740,441$690,346$824,286
51$967,078$718,955$655,704$813,989
52$1,006,132$694,595$618,083$801,957
53$1,047,292$667,166$577,323$788,087
54$1,090,715$636,456$533,263$772,271
55$1,136,570$602,244$485,729$754,397
56$1,185,042$564,296$434,543$734,349
57$1,236,333$522,364$379,517$712,005
58$1,290,665$476,185$320,456$687,241
59$1,348,276$425,482$257,155$659,928
60$1,409,433$369,962$189,402$629,933
61$1,474,421$309,317$116,974$597,117
62$1,543,557$243,219$39,637$561,340
63$1,617,186$171,322$0$522,455
64$1,695,684$93,262$0$493,130
65$1,779,466$8,654$0$473,868
66$1,868,984$0$0$452,736
67$1,964,736$0$0$472,541
68$2,067,266$0$0$498,622
69$2,177,171$0$0$526,668
70$2,295,105$0$0$556,855
71$2,421,789$0$0$589,379
72$2,558,011$0$0$624,457
73$2,704,637$0$0$662,324
74$2,862,619$0$0$703,240
75$3,033,002$0$0$747,490
76$3,216,933$0$0$795,387
77$3,415,674$0$0$847,278
78$3,630,611$0$0$903,540
79$3,863,268$0$0$964,591
80$4,115,318$0$0$1,030,889
81$4,388,605$0$0$1,102,939
82$4,685,154$0$0$1,181,295
83$5,007,190$0$0$1,266,569
84$5,357,166$0$0$1,359,430
85$5,737,775$0$0$1,460,619
86$6,151,983$0$0$1,570,949
87$6,603,052$0$0$1,691,315
88$7,094,572$0$0$1,822,702
89$7,630,495$0$0$1,966,196
90$8,215,168$0$0$2,122,989
91$8,853,379$0$0$2,294,397
92$9,550,395$0$0$2,481,867
93$10,312,018$0$0$2,686,992
94$11,144,631$0$0$2,911,526
95$12,055,266$0$0$3,157,404
96$13,051,663$0$0$3,426,751
97$14,142,345$0$0$3,721,911
98$15,336,698$0$0$4,045,464
99$16,645,058$0$0$4,400,254
100$18,078,808$0$0$4,789,410