Can I retire at age 47 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$62,760$62,201$61,656$61,123$60,603$59,550
2 years$31,069$30,491$29,930$29,386$28,859$27,801
3 years$20,507$19,926$19,367$18,828$18,309$17,280
4 years$15,227$14,648$14,094$13,565$13,058$12,066
5 years$12,060$11,484$10,937$10,419$9,927$8,973
6 years$9,949$9,378$8,839$8,332$7,855$6,942
7 years$8,442$7,875$7,345$6,850$6,388$5,516
8 years$7,312$6,751$6,229$5,746$5,299$4,467
9 years$6,434$5,878$5,365$4,895$4,463$3,671
10 years$5,732$5,181$4,678$4,219$3,803$3,050
11 years$5,157$4,612$4,118$3,672$3,270$2,556
12 years$4,679$4,140$3,655$3,221$2,834$2,157
13 years$4,275$3,741$3,265$2,844$2,471$1,831
14 years$3,929$3,400$2,934$2,524$2,166$1,561
15 years$3,629$3,106$2,649$2,251$1,907$1,336
16 years$3,367$2,850$2,402$2,016$1,686$1,148
17 years$3,136$2,625$2,185$1,811$1,495$988
18 years$2,931$2,425$1,995$1,632$1,329$853
19 years$2,748$2,248$1,826$1,475$1,185$738
20 years$2,583$2,089$1,676$1,336$1,058$639
21 years$2,434$1,946$1,542$1,212$947$554
22 years$2,299$1,816$1,421$1,102$849$481
23 years$2,176$1,699$1,312$1,004$762$419
24 years$2,063$1,592$1,213$916$685$364
25 years$1,959$1,494$1,124$836$616$317
26 years$1,864$1,404$1,042$764$555$277
27 years$1,776$1,321$968$700$500$241
28 years$1,694$1,245$900$641$452$210
29 years$1,618$1,174$837$588$408$184
30 years$1,547$1,109$780$540$368$160
31 years$1,481$1,048$727$496$333$140
32 years$1,419$992$678$455$301$122
33 years$1,361$939$633$419$273$107
34 years$1,307$890$592$385$247$94
35 years$1,255$845$553$355$224$82
36 years$1,207$802$518$327$203$72
37 years$1,161$761$484$301$184$63
38 years$1,118$724$454$277$166$55
39 years$1,078$688$425$256$151$48
40 years$1,039$655$398$236$137$42
41 years$1,002$623$374$218$124$37
42 years$968$593$350$201$113$32
43 years$934$565$329$185$102$28
44 years$903$539$309$171$93$25
45 years$873$514$290$158$84$22
46 years$844$490$272$146$77$19
47 years$817$468$256$135$70$17
48 years$791$447$240$125$63$14
49 years$766$427$226$115$57$13
50 years$742$407$212$107$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $760,000, adding $5,860 every year, while hoping to spend $48,398 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: 63/13/24 Blend
46$760,000$760,000$760,000$760,000
47$843,565$803,285$791,505$891,046
48$878,113$791,150$766,525$911,708
49$914,563$776,800$739,086$928,379
50$953,059$760,072$709,055$945,506
51$993,754$740,800$676,292$963,140
52$1,036,821$718,802$640,652$981,340
53$1,082,443$693,891$601,981$1,000,169
54$1,130,826$665,864$560,120$1,019,703
55$1,182,189$634,511$514,903$1,040,025
56$1,236,776$599,605$466,156$1,061,229
57$1,294,852$560,911$413,697$1,083,424
58$1,356,707$518,176$357,336$1,106,729
59$1,422,660$471,135$296,875$1,131,280
60$1,493,058$419,508$232,108$1,157,228
61$1,568,283$362,997$162,817$1,184,746
62$1,648,754$301,290$88,777$1,214,025
63$1,734,929$234,055$9,753$1,245,279
64$1,827,310$160,942$0$1,278,751
65$1,926,450$81,583$0$1,333,806
66$2,032,955$0$0$1,395,555
67$2,147,487$0$0$1,462,533
68$2,270,779$0$0$1,547,235
69$2,403,629$0$0$1,638,546
70$2,546,919$0$0$1,737,075
71$2,701,616$0$0$1,843,494
72$2,868,781$0$0$1,958,538
73$3,049,583$0$0$2,083,017
74$3,245,304$0$0$2,217,822
75$3,457,355$0$0$2,363,930
76$3,687,289$0$0$2,522,418
77$3,936,810$0$0$2,694,468
78$4,207,795$0$0$2,881,383
79$4,502,307$0$0$3,084,594
80$4,822,617$0$0$3,305,675
81$5,171,222$0$0$3,546,360
82$5,550,872$0$0$3,808,555
83$5,964,589$0$0$4,094,359
84$6,415,702$0$0$4,406,080
85$6,907,875$0$0$4,746,262
86$7,445,140$0$0$5,117,701
87$8,031,934$0$0$5,523,477
88$8,673,144$0$0$5,966,981
89$9,374,149$0$0$6,451,946
90$10,140,872$0$0$6,982,482
91$10,979,832$0$0$7,563,114
92$11,898,212$0$0$8,198,826
93$12,903,916$0$0$8,895,106
94$14,005,654$0$0$9,657,996
95$15,213,013$0$0$10,494,151
96$16,536,554$0$0$11,410,903
97$17,987,909$0$0$12,416,322
98$19,579,887$0$0$13,519,303
99$21,326,600$0$0$14,729,637
100$23,243,588$0$0$16,058,113