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%13.4%
1 years$61,934$61,383$60,844$60,319$59,806$58,961
2 years$30,661$30,090$29,536$29,000$28,479$27,629
3 years$20,237$19,664$19,112$18,580$18,068$17,240
4 years$15,027$14,455$13,909$13,386$12,886$12,087
5 years$11,901$11,333$10,794$10,282$9,796$9,027
6 years$9,818$9,254$8,723$8,222$7,751$7,013
7 years$8,331$7,772$7,249$6,760$6,304$5,597
8 years$7,216$6,662$6,147$5,671$5,230$4,555
9 years$6,349$5,800$5,295$4,830$4,404$3,760
10 years$5,656$5,113$4,616$4,164$3,753$3,139
11 years$5,090$4,551$4,064$3,624$3,227$2,644
12 years$4,618$4,085$3,607$3,179$2,797$2,243
13 years$4,219$3,692$3,222$2,806$2,439$1,914
14 years$3,877$3,356$2,895$2,491$2,138$1,641
15 years$3,581$3,066$2,614$2,222$1,882$1,412
16 years$3,323$2,813$2,370$1,989$1,664$1,220
17 years$3,095$2,590$2,157$1,787$1,475$1,056
18 years$2,892$2,394$1,969$1,611$1,312$917
19 years$2,712$2,218$1,802$1,455$1,169$798
20 years$2,549$2,061$1,654$1,318$1,044$695
21 years$2,402$1,920$1,521$1,196$934$607
22 years$2,269$1,792$1,402$1,088$838$530
23 years$2,147$1,676$1,295$991$752$464
24 years$2,036$1,571$1,197$903$676$406
25 years$1,934$1,474$1,109$825$608$356
26 years$1,839$1,385$1,029$754$548$312
27 years$1,752$1,304$955$691$494$274
28 years$1,672$1,228$888$633$446$241
29 years$1,597$1,159$826$580$402$212
30 years$1,527$1,094$770$532$364$186
31 years$1,461$1,035$717$489$329$164
32 years$1,400$979$669$449$297$144
33 years$1,343$927$625$413$269$127
34 years$1,289$879$584$380$244$111
35 years$1,239$833$546$350$221$98
36 years$1,191$791$511$322$200$86
37 years$1,146$751$478$297$181$76
38 years$1,104$714$448$274$164$67
39 years$1,063$679$419$252$149$59
40 years$1,025$646$393$233$135$52
41 years$989$615$369$215$123$46
42 years$955$586$346$198$111$40
43 years$922$558$324$183$101$36
44 years$891$532$305$169$92$31
45 years$861$507$286$156$83$28
46 years$833$484$269$144$76$24
47 years$806$462$252$133$69$21
48 years$780$441$237$123$62$19
49 years$756$421$223$114$57$17
50 years$732$402$210$105$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $750,000, adding $4,718 every year, while hoping to spend $27,300 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: 70/10/20 Blend
46$750,000$750,000$750,000$750,000
47$831,367$791,617$779,992$885,177
48$887,119$801,359$777,074$931,418
49$947,643$810,663$773,144$978,346
50$1,013,397$819,480$768,139$1,029,037
51$1,084,884$827,755$761,992$1,083,861
52$1,162,659$835,432$754,636$1,143,224
53$1,247,331$842,449$745,996$1,207,577
54$1,339,571$848,741$736,000$1,277,413
55$1,440,117$854,239$724,566$1,353,279
56$1,549,782$858,870$711,612$1,435,778
57$1,669,461$862,556$697,051$1,525,572
58$1,800,137$865,212$680,794$1,623,394
59$1,942,894$866,751$662,744$1,730,051
60$2,098,926$867,078$642,802$1,846,433
61$2,269,545$866,093$620,865$1,973,521
62$2,456,198$863,692$596,823$2,112,397
63$2,660,477$859,759$570,564$2,264,255
64$2,884,136$854,178$541,968$2,430,410
65$3,129,105$846,820$510,911$2,612,313
66$3,397,511$837,551$477,263$2,811,562
67$3,691,695$826,229$440,890$3,029,923
68$4,014,236$812,703$401,648$3,269,338
69$4,367,975$796,812$359,390$3,531,952
70$4,756,041$778,388$313,962$3,820,129
71$5,181,879$757,251$265,202$4,136,475
72$5,649,286$733,211$212,941$4,483,863
73$6,162,442$706,067$157,003$4,865,461
74$6,725,953$675,607$97,205$5,284,763
75$7,344,892$641,604$33,354$5,745,618
76$8,024,850$603,821$0$6,252,273
77$8,771,983$562,007$0$6,816,830
78$9,593,074$515,894$0$7,445,104
79$10,495,597$465,202$0$8,135,706
80$11,487,784$409,633$0$8,894,953
81$12,578,705$348,873$0$9,729,811
82$13,778,355$282,589$0$10,647,952
83$15,097,742$210,430$0$11,657,833
84$16,548,997$132,027$0$12,768,772
85$18,145,486$46,988$0$13,991,037
86$19,901,934$0$0$15,335,945
87$21,834,567$0$0$16,820,927
88$23,961,261$0$0$18,460,758
89$26,301,715$0$0$20,265,461
90$28,877,631$0$0$22,251,777
91$31,712,925$0$0$24,438,153
92$34,833,947$0$0$26,844,916
93$38,269,731$0$0$29,494,461
94$42,052,272$0$0$32,411,468
95$46,216,821$0$0$35,623,130
96$50,802,223$0$0$39,159,411
97$55,851,282$0$0$43,053,328
98$61,411,162$0$0$47,341,264
99$67,533,836$0$0$52,063,308
100$74,276,574$0$0$57,263,639