Can I retire at age 47 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$63,999$63,429$62,873$62,330$61,800$59,797
2 years$31,683$31,093$30,521$29,966$29,428$27,430
3 years$20,912$20,319$19,749$19,200$18,671$16,739
4 years$15,528$14,937$14,372$13,832$13,316$11,465
5 years$12,298$11,711$11,153$10,624$10,123$8,358
6 years$10,145$9,563$9,014$8,496$8,010$6,333
7 years$8,609$8,031$7,490$6,985$6,514$4,925
8 years$7,456$6,884$6,352$5,860$5,404$3,901
9 years$6,561$5,994$5,471$4,991$4,551$3,133
10 years$5,845$5,283$4,770$4,303$3,878$2,542
11 years$5,259$4,703$4,199$3,745$3,335$2,080
12 years$4,772$4,221$3,727$3,284$2,890$1,712
13 years$4,359$3,815$3,330$2,900$2,520$1,416
14 years$4,006$3,468$2,992$2,574$2,209$1,177
15 years$3,701$3,168$2,701$2,296$1,945$981
16 years$3,434$2,906$2,449$2,055$1,719$820
17 years$3,198$2,677$2,229$1,847$1,524$687
18 years$2,989$2,473$2,034$1,664$1,355$576
19 years$2,802$2,292$1,862$1,504$1,208$485
20 years$2,634$2,130$1,709$1,362$1,079$408
21 years$2,482$1,984$1,572$1,236$966$344
22 years$2,344$1,852$1,449$1,124$866$290
23 years$2,219$1,732$1,338$1,024$777$245
24 years$2,104$1,623$1,237$934$698$207
25 years$1,998$1,523$1,146$853$628$175
26 years$1,901$1,431$1,063$780$566$148
27 years$1,811$1,347$987$714$510$125
28 years$1,727$1,269$917$654$460$106
29 years$1,650$1,198$854$600$416$89
30 years$1,578$1,131$795$550$376$76
31 years$1,510$1,069$741$505$340$64
32 years$1,447$1,012$692$464$307$54
33 years$1,388$958$646$427$278$46
34 years$1,332$908$603$393$252$39
35 years$1,280$861$564$362$228$33
36 years$1,231$817$528$333$207$28
37 years$1,184$776$494$307$187$24
38 years$1,140$738$463$283$170$20
39 years$1,099$702$433$261$154$17
40 years$1,060$667$406$241$140$14
41 years$1,022$635$381$222$127$12
42 years$987$605$357$205$115$10
43 years$953$577$335$189$104$9
44 years$921$550$315$175$95$7
45 years$890$524$296$161$86$6
46 years$861$500$278$149$78$5
47 years$833$477$261$138$71$5
48 years$807$455$245$127$64$4
49 years$781$435$230$118$58$3
50 years$757$415$217$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $775,000, adding $5,690 every year, while hoping to spend $45,177 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: 68/27/5 Blend
46$775,000$775,000$775,000$775,000
47$859,919$818,844$806,832$917,509
48$899,563$810,900$785,793$948,424
49$941,736$801,052$762,535$976,163
50$986,649$789,159$736,936$1,005,260
51$1,034,533$775,073$708,868$1,035,838
52$1,085,638$758,635$678,198$1,068,033
53$1,140,243$739,677$644,787$1,102,000
54$1,198,648$718,022$608,488$1,137,907
55$1,261,187$693,482$569,150$1,175,942
56$1,328,225$665,859$526,612$1,216,313
57$1,400,159$634,941$480,709$1,259,253
58$1,477,429$600,507$431,266$1,305,017
59$1,560,515$562,321$378,103$1,353,890
60$1,649,947$520,134$321,029$1,406,188
61$1,746,304$473,683$259,845$1,462,261
62$1,850,224$422,690$194,347$1,522,498
63$1,962,405$366,861$124,316$1,587,328
64$2,083,619$305,885$49,529$1,657,228
65$2,214,709$239,434$0$1,732,728
66$2,356,605$167,162$0$1,816,028
67$2,510,328$88,702$0$1,909,086
68$2,677,001$3,669$0$2,009,989
69$2,857,860$0$0$2,119,548
70$3,054,262$0$0$2,264,906
71$3,267,701$0$0$2,424,098
72$3,499,821$0$0$2,597,265
73$3,752,430$0$0$2,785,761
74$4,027,518$0$0$2,991,077
75$4,327,273$0$0$3,214,851
76$4,654,105$0$0$3,458,890
77$5,010,666$0$0$3,725,177
78$5,399,874$0$0$4,015,901
79$5,824,941$0$0$4,333,468
80$6,289,406$0$0$4,680,526
81$6,797,161$0$0$5,059,994
82$7,352,493$0$0$5,475,082
83$7,960,124$0$0$5,929,326
84$8,625,249$0$0$6,426,620
85$9,353,592$0$0$6,971,253
86$10,151,456$0$0$7,567,945
87$11,025,783$0$0$8,221,897
88$11,984,215$0$0$8,938,835
89$13,035,172$0$0$9,725,068
90$14,187,926$0$0$10,587,543
91$15,452,691$0$0$11,533,911
92$16,840,716$0$0$12,572,602
93$18,364,394$0$0$13,712,899
94$20,037,373$0$0$14,965,030
95$21,874,690$0$0$16,340,261
96$23,892,908$0$0$17,851,003
97$26,110,276$0$0$19,510,928
98$28,546,894$0$0$21,335,098
99$31,224,908$0$0$23,340,105
100$34,168,716$0$0$25,544,232