diff --git a/src/runtime/time.go b/src/runtime/time.go
index ad267c3..46e9a8c 100644
--- a/src/runtime/time.go
+++ b/src/runtime/time.go
@@ -367,9 +367,9 @@
 
 // dodeltimer removes timer i from the current P's heap.
 // We are locked on the P when this is called.
-// It reports whether it saw no problems due to races.
+// It returns the smallest changed index in pp.timers.
 // The caller must have locked the timers for pp.
-func dodeltimer(pp *p, i int) {
+func dodeltimer(pp *p, i int) int {
 	if t := pp.timers[i]; t.pp.ptr() != pp {
 		throw("dodeltimer: wrong P")
 	} else {
@@ -381,16 +381,18 @@
 	}
 	pp.timers[last] = nil
 	pp.timers = pp.timers[:last]
+	smallestChanged := i
 	if i != last {
 		// Moving to i may have moved the last timer to a new parent,
 		// so sift up to preserve the heap guarantee.
-		siftupTimer(pp.timers, i)
+		smallestChanged = siftupTimer(pp.timers, i)
 		siftdownTimer(pp.timers, i)
 	}
 	if i == 0 {
 		updateTimer0When(pp)
 	}
 	atomic.Xadd(&pp.numTimers, -1)
+	return smallestChanged
 }
 
 // dodeltimer0 removes timer 0 from the current P's heap.
@@ -675,13 +677,14 @@
 		switch s := atomic.Load(&t.status); s {
 		case timerDeleted:
 			if atomic.Cas(&t.status, s, timerRemoving) {
-				dodeltimer(pp, i)
+				changed := dodeltimer(pp, i)
 				if !atomic.Cas(&t.status, timerRemoving, timerRemoved) {
 					badTimer()
 				}
 				atomic.Xadd(&pp.deletedTimers, -1)
-				// Look at this heap position again.
-				i--
+				// Go back to the earliest changed heap entry.
+				// "- 1" because the loop will add 1.
+				i = changed - 1
 			}
 		case timerModifiedEarlier, timerModifiedLater:
 			if atomic.Cas(&t.status, s, timerMoving) {
@@ -691,10 +694,11 @@
 				// We don't add it back yet because the
 				// heap manipulation could cause our
 				// loop to skip some other timer.
-				dodeltimer(pp, i)
+				changed := dodeltimer(pp, i)
 				moved = append(moved, t)
-				// Look at this heap position again.
-				i--
+				// Go back to the earliest changed heap entry.
+				// "- 1" because the loop will add 1.
+				i = changed - 1
 			}
 		case timerNoStatus, timerRunning, timerRemoving, timerRemoved, timerMoving:
 			badTimer()
@@ -1044,7 +1048,10 @@
 // "panic holding locks" message. Instead, we panic while not
 // holding a lock.
 
-func siftupTimer(t []*timer, i int) {
+// siftupTimer puts the timer at position i in the right place
+// in the heap by moving it up toward the top of the heap.
+// It returns the smallest changed index.
+func siftupTimer(t []*timer, i int) int {
 	if i >= len(t) {
 		badTimer()
 	}
@@ -1064,8 +1071,11 @@
 	if tmp != t[i] {
 		t[i] = tmp
 	}
+	return i
 }
 
+// siftdownTimer puts the timer at position i in the right place
+// in the heap by moving it down toward the bottom of the heap.
 func siftdownTimer(t []*timer, i int) {
 	n := len(t)
 	if i >= n {
diff --git a/src/time/sleep_test.go b/src/time/sleep_test.go
index e0172bf..c48e704 100644
--- a/src/time/sleep_test.go
+++ b/src/time/sleep_test.go
@@ -7,6 +7,7 @@
 import (
 	"errors"
 	"fmt"
+	"math/rand"
 	"runtime"
 	"strings"
 	"sync"
@@ -561,6 +562,72 @@
 	}
 }
 
+// Test that rapidly moving timers earlier and later doesn't cause
+// some of the sleep times to be lost.
+// Issue 47762
+func TestAdjustTimers(t *testing.T) {
+	var rnd = rand.New(rand.NewSource(Now().UnixNano()))
+
+	timers := make([]*Timer, 100)
+	states := make([]int, len(timers))
+	indices := rnd.Perm(len(timers))
+
+	for len(indices) != 0 {
+		var ii = rnd.Intn(len(indices))
+		var i = indices[ii]
+
+		var timer = timers[i]
+		var state = states[i]
+		states[i]++
+
+		switch state {
+		case 0:
+			timers[i] = NewTimer(0)
+		case 1:
+			<-timer.C // Timer is now idle.
+
+		// Reset to various long durations, which we'll cancel.
+		case 2:
+			if timer.Reset(1 * Minute) {
+				panic("shouldn't be active (1)")
+			}
+		case 4:
+			if timer.Reset(3 * Minute) {
+				panic("shouldn't be active (3)")
+			}
+		case 6:
+			if timer.Reset(2 * Minute) {
+				panic("shouldn't be active (2)")
+			}
+
+		// Stop and drain a long-duration timer.
+		case 3, 5, 7:
+			if !timer.Stop() {
+				t.Logf("timer %d state %d Stop returned false", i, state)
+				<-timer.C
+			}
+
+		// Start a short-duration timer we expect to select without blocking.
+		case 8:
+			if timer.Reset(0) {
+				t.Fatal("timer.Reset returned true")
+			}
+		case 9:
+			now := Now()
+			<-timer.C
+			dur := Since(now)
+			if dur > 750*Millisecond {
+				t.Errorf("timer %d took %v to complete", i, dur)
+			}
+
+		// Timer is done. Swap with tail and remove.
+		case 10:
+			indices[ii] = indices[len(indices)-1]
+			indices = indices[:len(indices)-1]
+		}
+	}
+}
+
 // Benchmark timer latency when the thread that creates the timer is busy with
 // other work and the timers must be serviced by other threads.
 // https://golang.org/issue/38860