Depending on your level of fitness, a 47 year old man in relatively good shape, and running on a regular basis, should run a mile in 7 1/2 to 9 minutes.
If it takes you longer, you need to run more often and further than 1 mile. See runners world for great tips and good luck.
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The oldest person to run under a 5-minute mile was 65 years old.
The oldest person to run under a 6-minute mile was 71 years old.
The oldest under 7 minutes was 78.
I cant answer your question specifically, but I would guess that the average for a 70-year old is probably between 8:30 and 9:30. The 78-year old who ran a 6:55, adding even more astonishment, didnt start running seriously until he turned 70.
The average 62 year old can not run a mile. If you can run it at all, your doing something right! Keep at it!