Can I retire at age 46 with 380,000?

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 $380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$31,380$31,101$30,828$30,562$30,302$29,641
2 years$15,535$15,245$14,965$14,693$14,429$13,768
3 years$10,254$9,963$9,683$9,414$9,155$8,512
4 years$7,614$7,324$7,047$6,782$6,529$5,910
5 years$6,030$5,742$5,469$5,209$4,963$4,370
6 years$4,975$4,689$4,420$4,166$3,927$3,361
7 years$4,221$3,938$3,673$3,425$3,194$2,654
8 years$3,656$3,375$3,115$2,873$2,650$2,136
9 years$3,217$2,939$2,683$2,447$2,231$1,743
10 years$2,866$2,590$2,339$2,110$1,901$1,439
11 years$2,579$2,306$2,059$1,836$1,635$1,197
12 years$2,340$2,070$1,827$1,610$1,417$1,003
13 years$2,138$1,871$1,633$1,422$1,236$845
14 years$1,964$1,700$1,467$1,262$1,083$715
15 years$1,815$1,553$1,324$1,126$954$608
16 years$1,684$1,425$1,201$1,008$843$518
17 years$1,568$1,312$1,093$906$747$443
18 years$1,466$1,213$997$816$665$379
19 years$1,374$1,124$913$737$592$325
20 years$1,291$1,044$838$668$529$279
21 years$1,217$973$771$606$473$240
22 years$1,149$908$710$551$424$207
23 years$1,088$849$656$502$381$178
24 years$1,031$796$607$458$342$154
25 years$980$747$562$418$308$133
26 years$932$702$521$382$278$115
27 years$888$661$484$350$250$99
28 years$847$622$450$321$226$86
29 years$809$587$419$294$204$74
30 years$774$555$390$270$184$64
31 years$740$524$364$248$167$56
32 years$710$496$339$228$151$48
33 years$681$470$317$209$136$42
34 years$653$445$296$193$123$36
35 years$628$422$277$177$112$31
36 years$604$401$259$163$101$27
37 years$581$381$242$150$92$24
38 years$559$362$227$139$83$20
39 years$539$344$213$128$75$18
40 years$520$327$199$118$68$15
41 years$501$312$187$109$62$13
42 years$484$297$175$100$56$12
43 years$467$283$164$93$51$10
44 years$451$269$154$86$46$9
45 years$436$257$145$79$42$7
46 years$422$245$136$73$38$7
47 years$409$234$128$67$35$6
48 years$395$223$120$62$32$5
49 years$383$213$113$58$29$4
50 years$371$204$106$53$26$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $380,000, adding $6,527 every year, while hoping to spend $22,796 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: 50/43/7 Blend
45$380,000$380,000$380,000$380,000
46$425,493$405,353$399,463$445,687
47$444,638$400,960$388,590$455,774
48$464,972$395,588$376,589$463,744
49$486,593$389,165$363,398$471,864
50$509,605$381,615$348,952$480,153
51$534,127$372,855$333,183$488,635
52$560,284$362,802$316,022$497,336
53$588,218$351,364$297,393$506,287
54$618,080$338,445$277,220$515,523
55$650,040$323,944$255,422$525,085
56$684,280$307,753$231,914$535,020
57$721,002$289,759$206,609$545,382
58$760,428$269,841$179,414$556,231
59$802,801$247,872$150,234$567,638
60$848,387$223,719$118,968$579,682
61$897,480$197,238$85,510$592,452
62$950,401$168,281$49,753$606,051
63$1,007,503$136,688$11,581$620,593
64$1,069,175$102,292$0$636,207
65$1,135,843$64,916$0$655,219
66$1,207,976$24,374$0$676,680
67$1,286,089$0$0$699,918
68$1,370,749$0$0$734,394
69$1,462,578$0$0$784,335
70$1,562,263$0$0$838,582
71$1,670,557$0$0$897,552
72$1,788,288$0$0$961,700
73$1,916,368$0$0$1,031,527
74$2,055,802$0$0$1,107,587
75$2,207,693$0$0$1,190,486
76$2,373,256$0$0$1,280,894
77$2,553,828$0$0$1,379,546
78$2,750,881$0$0$1,487,252
79$2,966,036$0$0$1,604,905
80$3,201,075$0$0$1,733,486
81$3,457,962$0$0$1,874,076
82$3,738,858$0$0$2,027,865
83$4,046,143$0$0$2,196,164
84$4,382,439$0$0$2,380,415
85$4,750,629$0$0$2,582,207
86$5,153,892$0$0$2,803,290
87$5,595,727$0$0$3,045,591
88$6,079,987$0$0$3,311,232
89$6,610,917$0$0$3,602,551
90$7,193,191$0$0$3,922,122
91$7,831,957$0$0$4,272,781
92$8,532,888$0$0$4,657,651
93$9,302,228$0$0$5,080,172
94$10,146,860$0$0$5,544,136
95$11,074,361$0$0$6,053,715
96$12,093,082$0$0$6,613,510
97$13,212,221$0$0$7,228,588
98$14,441,909$0$0$7,904,529
99$15,793,310$0$0$8,647,482
100$17,278,721$0$0$9,464,223