Can I retire at age 46 with 360,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$29,728$29,464$29,205$28,953$28,707$28,586
2 years$14,717$14,443$14,177$13,920$13,670$13,548
3 years$9,714$9,439$9,174$8,919$8,673$8,553
4 years$7,213$6,938$6,676$6,425$6,186$6,070
5 years$5,713$5,440$5,181$4,935$4,702$4,590
6 years$4,713$4,442$4,187$3,947$3,721$3,613
7 years$3,999$3,730$3,479$3,245$3,026$2,922
8 years$3,464$3,198$2,951$2,722$2,510$2,410
9 years$3,048$2,784$2,542$2,319$2,114$2,018
10 years$2,715$2,454$2,216$1,999$1,801$1,709
11 years$2,443$2,185$1,951$1,739$1,549$1,461
12 years$2,217$1,961$1,731$1,526$1,342$1,259
13 years$2,025$1,772$1,547$1,347$1,171$1,091
14 years$1,861$1,611$1,390$1,196$1,026$950
15 years$1,719$1,471$1,255$1,066$904$831
16 years$1,595$1,350$1,138$955$799$729
17 years$1,486$1,243$1,035$858$708$642
18 years$1,388$1,149$945$773$630$567
19 years$1,302$1,065$865$699$561$502
20 years$1,224$989$794$633$501$445
21 years$1,153$922$730$574$449$396
22 years$1,089$860$673$522$402$352
23 years$1,031$805$621$475$361$314
24 years$977$754$575$434$324$280
25 years$928$707$532$396$292$250
26 years$883$665$494$362$263$223
27 years$841$626$458$331$237$200
28 years$802$590$426$304$214$179
29 years$766$556$397$278$193$160
30 years$733$525$369$256$175$144
31 years$701$497$344$235$158$129
32 years$672$470$321$216$143$116
33 years$645$445$300$198$129$104
34 years$619$422$280$183$117$93
35 years$595$400$262$168$106$84
36 years$572$380$245$155$96$75
37 years$550$361$229$143$87$68
38 years$530$343$215$131$79$61
39 years$510$326$201$121$72$55
40 years$492$310$189$112$65$49
41 years$475$295$177$103$59$44
42 years$458$281$166$95$53$40
43 years$443$268$156$88$48$36
44 years$428$255$146$81$44$32
45 years$414$243$137$75$40$29
46 years$400$232$129$69$36$26
47 years$387$222$121$64$33$23
48 years$375$212$114$59$30$21
49 years$363$202$107$55$27$19
50 years$351$193$101$50$25$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $360,000, adding $2,236 every year, while hoping to spend $39,536 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: 27/47/26 Blend
45$360,000$360,000$360,000$360,000
46$399,026$379,946$374,366$406,511
47$397,661$356,498$344,842$389,240
48$394,831$330,575$313,003$367,141
49$390,346$302,015$278,731$342,597
50$383,994$270,646$241,900$315,428
51$375,539$236,286$202,382$285,439
52$364,722$198,742$160,039$252,421
53$351,254$157,811$114,731$216,151
54$334,817$113,278$66,309$176,387
55$315,056$64,917$14,619$132,872
56$291,582$12,487$0$85,327
57$263,961$0$0$44,703
58$231,716$0$0$27,381
59$194,319$0$0$14,945
60$151,184$0$0$760
61$101,667$0$0$0
62$45,053$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0