Can I retire at age 46 with 370,000?

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 $370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$30,554$30,282$30,017$29,757$29,504$28,803
2 years$15,126$14,844$14,571$14,306$14,050$13,347
3 years$9,984$9,701$9,428$9,166$8,914$8,232
4 years$7,413$7,131$6,862$6,604$6,357$5,701
5 years$5,871$5,591$5,325$5,072$4,833$4,205
6 years$4,844$4,565$4,303$4,056$3,824$3,225
7 years$4,110$3,834$3,576$3,335$3,110$2,539
8 years$3,560$3,286$3,033$2,798$2,580$2,038
9 years$3,132$2,861$2,612$2,383$2,173$1,658
10 years$2,790$2,522$2,277$2,054$1,851$1,364
11 years$2,511$2,245$2,005$1,788$1,592$1,132
12 years$2,278$2,015$1,779$1,568$1,380$945
13 years$2,081$1,821$1,590$1,384$1,203$794
14 years$1,913$1,655$1,428$1,229$1,055$670
15 years$1,767$1,512$1,290$1,096$929$567
16 years$1,639$1,388$1,169$981$821$481
17 years$1,527$1,278$1,064$882$728$410
18 years$1,427$1,181$971$795$647$350
19 years$1,338$1,094$889$718$577$299
20 years$1,258$1,017$816$650$515$256
21 years$1,185$947$751$590$461$219
22 years$1,119$884$692$537$413$188
23 years$1,059$827$639$489$371$161
24 years$1,004$775$591$446$333$139
25 years$954$727$547$407$300$119
26 years$907$683$507$372$270$103
27 years$864$643$471$341$244$88
28 years$825$606$438$312$220$76
29 years$788$572$408$286$199$66
30 years$753$540$380$263$179$57
31 years$721$510$354$241$162$49
32 years$691$483$330$222$147$42
33 years$663$457$308$204$133$36
34 years$636$433$288$188$120$31
35 years$611$411$269$173$109$27
36 years$588$390$252$159$99$23
37 years$565$371$236$147$89$20
38 years$544$352$221$135$81$17
39 years$525$335$207$125$73$15
40 years$506$319$194$115$67$13
41 years$488$303$182$106$60$11
42 years$471$289$171$98$55$10
43 years$455$275$160$90$50$8
44 years$440$262$150$83$45$7
45 years$425$250$141$77$41$6
46 years$411$239$133$71$37$5
47 years$398$228$124$66$34$5
48 years$385$217$117$61$31$4
49 years$373$208$110$56$28$3
50 years$361$198$103$52$25$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $370,000, adding $3,587 every year, while hoping to spend $25,724 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: 40/33/27 Blend
45$370,000$370,000$370,000$370,000
46$411,440$391,830$386,095$424,496
47$426,037$383,660$371,659$426,125
48$441,260$374,227$355,877$425,223
49$457,147$363,442$338,678$423,752
50$473,737$351,212$319,984$421,675
51$491,073$337,436$299,719$418,956
52$509,201$322,009$277,798$415,554
53$528,172$304,820$254,136$411,429
54$548,039$285,749$228,643$406,540
55$568,861$264,673$201,225$400,843
56$590,703$241,460$171,784$394,292
57$613,632$215,969$140,216$386,841
58$637,724$188,053$106,415$378,443
59$663,062$157,557$70,269$369,049
60$689,732$124,316$31,662$358,608
61$717,833$88,155$0$347,068
62$747,469$48,892$0$337,125
63$778,755$6,332$0$335,890
64$811,817$0$0$334,217
65$846,789$0$0$346,517
66$883,823$0$0$361,998
67$923,079$0$0$378,434
68$964,737$0$0$395,900
69$1,008,989$0$0$414,482
70$1,056,050$0$0$434,272
71$1,106,152$0$0$455,373
72$1,159,549$0$0$477,896
73$1,216,521$0$0$501,962
74$1,277,373$0$0$527,706
75$1,342,440$0$0$555,274
76$1,412,089$0$0$584,826
77$1,486,723$0$0$616,539
78$1,566,783$0$0$650,608
79$1,652,755$0$0$687,243
80$1,745,170$0$0$726,679
81$1,844,612$0$0$769,171
82$1,951,722$0$0$815,002
83$2,067,205$0$0$864,479
84$2,191,834$0$0$917,943
85$2,326,459$0$0$975,767
86$2,472,014$0$0$1,038,361
87$2,629,526$0$0$1,106,176
88$2,800,122$0$0$1,179,708
89$2,985,045$0$0$1,259,502
90$3,185,659$0$0$1,346,159
91$3,403,463$0$0$1,440,338
92$3,640,108$0$0$1,542,764
93$3,897,411$0$0$1,654,236
94$4,177,367$0$0$1,775,633
95$4,482,176$0$0$1,907,922
96$4,814,254$0$0$2,052,165
97$5,176,264$0$0$2,209,536
98$5,571,134$0$0$2,381,321
99$6,002,087$0$0$2,568,941
100$6,472,673$0$0$2,773,956