Can I retire at age 47 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$63,586$63,019$62,467$61,928$61,401$59,340
2 years$31,478$30,892$30,324$29,773$29,239$27,183
3 years$20,777$20,188$19,621$19,076$18,550$16,564
4 years$15,427$14,840$14,279$13,743$13,230$11,329
5 years$12,219$11,635$11,081$10,556$10,057$8,246
6 years$10,080$9,501$8,955$8,442$7,958$6,237
7 years$8,553$7,979$7,442$6,940$6,472$4,842
8 years$7,408$6,839$6,311$5,822$5,369$3,829
9 years$6,519$5,955$5,436$4,959$4,522$3,069
10 years$5,807$5,249$4,739$4,275$3,853$2,486
11 years$5,225$4,673$4,172$3,720$3,313$2,029
12 years$4,741$4,194$3,703$3,263$2,871$1,667
13 years$4,331$3,790$3,308$2,881$2,504$1,377
14 years$3,981$3,445$2,972$2,557$2,195$1,141
15 years$3,677$3,147$2,684$2,281$1,933$949
16 years$3,411$2,888$2,433$2,042$1,708$792
17 years$3,177$2,659$2,214$1,835$1,514$662
18 years$2,970$2,457$2,021$1,654$1,347$554
19 years$2,784$2,277$1,850$1,494$1,200$465
20 years$2,617$2,116$1,698$1,353$1,072$390
21 years$2,466$1,971$1,562$1,228$959$328
22 years$2,329$1,840$1,440$1,117$860$276
23 years$2,204$1,721$1,329$1,017$772$232
24 years$2,090$1,612$1,229$928$694$196
25 years$1,985$1,513$1,139$847$624$165
26 years$1,888$1,422$1,056$775$562$139
27 years$1,799$1,338$981$709$507$117
28 years$1,716$1,261$912$650$457$99
29 years$1,639$1,190$848$596$413$84
30 years$1,567$1,124$790$547$373$71
31 years$1,500$1,062$737$502$337$60
32 years$1,438$1,005$687$461$305$50
33 years$1,379$952$642$424$276$43
34 years$1,324$902$600$390$250$36
35 years$1,272$856$561$359$227$30
36 years$1,223$812$524$331$205$26
37 years$1,177$771$491$305$186$22
38 years$1,133$733$460$281$169$18
39 years$1,092$697$431$259$153$15
40 years$1,053$663$404$239$139$13
41 years$1,016$631$378$221$126$11
42 years$980$601$355$204$114$9
43 years$947$573$333$188$104$8
44 years$915$546$313$173$94$7
45 years$884$521$294$160$85$6
46 years$855$497$276$148$78$5
47 years$828$474$259$137$70$4
48 years$801$453$243$126$64$3
49 years$776$432$229$117$58$3
50 years$752$413$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $770,000, adding $3,339 every year, while hoping to spend $20,268 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: 64/31/5 Blend
46$770,000$770,000$770,000$770,000
47$851,984$811,174$799,239$905,691
48$917,322$829,357$804,449$960,008
49$988,644$847,751$809,153$1,016,591
50$1,066,541$866,346$813,315$1,077,850
51$1,151,660$885,129$816,893$1,144,235
52$1,244,716$904,087$819,846$1,216,244
53$1,346,495$923,205$822,129$1,294,425
54$1,457,862$942,466$823,694$1,379,380
55$1,579,770$961,853$824,494$1,471,772
56$1,713,269$981,346$824,477$1,572,333
57$1,859,514$1,000,924$823,589$1,681,869
58$2,019,778$1,020,563$821,773$1,801,267
59$2,195,463$1,040,238$818,969$1,931,503
60$2,388,112$1,059,921$815,117$2,073,654
61$2,599,425$1,079,584$810,149$2,228,908
62$2,831,276$1,099,193$803,999$2,398,570
63$3,085,727$1,118,714$796,594$2,584,081
64$3,365,051$1,138,111$787,859$2,787,028
65$3,671,750$1,157,342$777,716$3,009,157
66$4,008,581$1,176,364$766,082$3,252,397
67$4,378,581$1,195,131$752,871$3,518,869
68$4,785,098$1,213,594$737,993$3,810,912
69$5,231,816$1,231,698$721,354$4,131,104
70$5,722,796$1,249,386$702,854$4,482,286
71$6,262,512$1,266,597$682,391$4,867,587
72$6,855,893$1,283,265$659,856$5,290,456
73$7,508,368$1,299,319$635,135$5,754,695
74$8,225,922$1,314,686$608,112$6,264,493
75$9,015,144$1,329,284$578,662$6,824,466
76$9,883,298$1,343,028$546,656$7,439,701
77$10,838,384$1,355,826$511,959$8,115,807
78$11,889,220$1,367,582$474,430$8,858,961
79$13,045,518$1,378,191$433,922$9,675,973
80$14,317,982$1,387,544$390,279$10,574,348
81$15,718,405$1,395,522$343,342$11,562,358
82$17,259,780$1,402,001$292,942$12,649,117
83$18,956,426$1,406,847$238,904$13,844,671
84$20,824,118$1,409,919$181,044$15,160,092
85$22,880,241$1,411,068$119,172$16,607,580
86$25,143,948$1,410,132$53,086$18,200,584
87$27,636,345$1,406,944$0$19,953,923
88$30,380,690$1,401,322$0$21,884,861
89$33,402,609$1,393,076$0$24,013,550
90$36,730,342$1,382,003$0$26,357,006
91$40,395,004$1,367,888$0$28,937,106
92$44,430,884$1,350,504$0$31,777,957
93$48,875,765$1,329,610$0$34,906,129
94$53,771,282$1,304,949$0$38,350,902
95$59,163,311$1,276,250$0$42,144,547
96$65,102,410$1,243,227$0$46,322,624
97$71,644,286$1,205,576$0$50,924,327
98$78,850,329$1,162,975$0$55,992,846
99$86,788,186$1,115,084$0$61,575,781
100$95,532,400$1,061,542$0$67,725,590