Can I retire at age 46 with 310,000?

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 $310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$25,600$25,371$25,149$24,932$24,720$24,142
2 years$12,673$12,437$12,208$11,986$11,771$11,192
3 years$8,365$8,128$7,900$7,680$7,468$6,906
4 years$6,211$5,975$5,749$5,533$5,326$4,786
5 years$4,919$4,684$4,461$4,250$4,049$3,531
6 years$4,058$3,825$3,605$3,399$3,204$2,710
7 years$3,443$3,212$2,996$2,794$2,606$2,135
8 years$2,983$2,754$2,541$2,344$2,162$1,714
9 years$2,624$2,397$2,189$1,997$1,820$1,396
10 years$2,338$2,113$1,908$1,721$1,551$1,149
11 years$2,104$1,881$1,680$1,498$1,334$954
12 years$1,909$1,689$1,491$1,314$1,156$797
13 years$1,744$1,526$1,332$1,160$1,008$670
14 years$1,603$1,387$1,197$1,030$884$565
15 years$1,480$1,267$1,080$918$778$479
16 years$1,373$1,163$980$822$688$407
17 years$1,279$1,071$891$739$610$347
18 years$1,196$989$814$666$542$296
19 years$1,121$917$745$602$483$253
20 years$1,054$852$684$545$432$217
21 years$993$794$629$494$386$186
22 years$938$741$580$450$346$160
23 years$887$693$535$409$311$137
24 years$841$649$495$373$279$118
25 years$799$609$458$341$251$102
26 years$760$573$425$312$226$87
27 years$724$539$395$285$204$75
28 years$691$508$367$262$184$65
29 years$660$479$342$240$166$56
30 years$631$452$318$220$150$48
31 years$604$428$297$202$136$42
32 years$579$405$277$186$123$36
33 years$555$383$258$171$111$31
34 years$533$363$241$157$101$27
35 years$512$344$226$145$91$23
36 years$492$327$211$133$83$20
37 years$474$311$198$123$75$17
38 years$456$295$185$113$68$15
39 years$440$281$173$104$62$13
40 years$424$267$163$96$56$11
41 years$409$254$152$89$51$10
42 years$395$242$143$82$46$8
43 years$381$231$134$76$42$7
44 years$368$220$126$70$38$6
45 years$356$210$118$65$34$5
46 years$344$200$111$60$31$5
47 years$333$191$104$55$28$4
48 years$323$182$98$51$26$3
49 years$312$174$92$47$23$3
50 years$303$166$87$43$21$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $310,000, adding $4,573 every year, while hoping to spend $21,183 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: 50/33/17 Blend
45$310,000$310,000$310,000$310,000
46$346,337$329,907$325,102$361,811
47$359,125$323,534$313,454$366,590
48$372,507$316,139$300,707$369,216
49$386,522$307,649$286,799$371,609
50$401,211$297,987$271,671$373,755
51$416,619$287,073$255,257$375,640
52$432,795$274,820$237,488$377,248
53$449,792$261,138$218,296$378,565
54$467,667$245,931$197,606$379,577
55$486,484$229,096$175,340$380,270
56$506,310$210,526$151,418$380,629
57$527,220$190,108$125,757$380,642
58$549,294$167,721$98,268$380,296
59$572,621$143,239$68,859$379,580
60$597,298$116,527$37,435$378,484
61$623,429$87,444$3,896$376,999
62$651,129$55,839$0$375,119
63$680,525$21,555$0$378,624
64$711,753$0$0$382,858
65$744,963$0$0$392,789
66$780,319$0$0$411,713
67$818,002$0$0$431,902
68$858,209$0$0$453,463
69$901,155$0$0$476,515
70$947,077$0$0$501,188
71$996,235$0$0$527,623
72$1,048,911$0$0$555,977
73$1,105,420$0$0$586,420
74$1,166,102$0$0$619,142
75$1,231,333$0$0$654,348
76$1,301,526$0$0$692,265
77$1,377,133$0$0$733,141
78$1,458,652$0$0$777,249
79$1,546,629$0$0$824,891
80$1,641,665$0$0$876,396
81$1,744,418$0$0$932,126
82$1,855,615$0$0$992,480
83$1,976,051$0$0$1,057,897
84$2,106,603$0$0$1,128,857
85$2,248,236$0$0$1,205,892
86$2,402,007$0$0$1,289,585
87$2,569,083$0$0$1,380,575
88$2,750,747$0$0$1,479,570
89$2,948,408$0$0$1,587,344
90$3,163,619$0$0$1,704,752
91$3,398,087$0$0$1,832,735
92$3,653,692$0$0$1,972,325
93$3,932,502$0$0$2,124,662
94$4,236,794$0$0$2,291,000
95$4,569,073$0$0$2,472,716
96$4,932,100$0$0$2,671,331
97$5,328,909$0$0$2,888,516
98$5,762,846$0$0$3,126,113
99$6,237,592$0$0$3,386,147
100$6,757,201$0$0$3,670,853