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%12.2%
1 years$31,380$31,101$30,828$30,562$30,302$30,023
2 years$15,535$15,245$14,965$14,693$14,429$14,148
3 years$10,254$9,963$9,683$9,414$9,155$8,880
4 years$7,614$7,324$7,047$6,782$6,529$6,263
5 years$6,030$5,742$5,469$5,209$4,963$4,707
6 years$4,975$4,689$4,420$4,166$3,927$3,681
7 years$4,221$3,938$3,673$3,425$3,194$2,958
8 years$3,656$3,375$3,115$2,873$2,650$2,423
9 years$3,217$2,939$2,683$2,447$2,231$2,015
10 years$2,866$2,590$2,339$2,110$1,901$1,694
11 years$2,579$2,306$2,059$1,836$1,635$1,438
12 years$2,340$2,070$1,827$1,610$1,417$1,229
13 years$2,138$1,871$1,633$1,422$1,236$1,057
14 years$1,964$1,700$1,467$1,262$1,083$913
15 years$1,815$1,553$1,324$1,126$954$792
16 years$1,684$1,425$1,201$1,008$843$690
17 years$1,568$1,312$1,093$906$747$603
18 years$1,466$1,213$997$816$665$528
19 years$1,374$1,124$913$737$592$463
20 years$1,291$1,044$838$668$529$407
21 years$1,217$973$771$606$473$359
22 years$1,149$908$710$551$424$316
23 years$1,088$849$656$502$381$279
24 years$1,031$796$607$458$342$247
25 years$980$747$562$418$308$218
26 years$932$702$521$382$278$193
27 years$888$661$484$350$250$171
28 years$847$622$450$321$226$152
29 years$809$587$419$294$204$135
30 years$774$555$390$270$184$120
31 years$740$524$364$248$167$106
32 years$710$496$339$228$151$94
33 years$681$470$317$209$136$84
34 years$653$445$296$193$123$75
35 years$628$422$277$177$112$66
36 years$604$401$259$163$101$59
37 years$581$381$242$150$92$53
38 years$559$362$227$139$83$47
39 years$539$344$213$128$75$42
40 years$520$327$199$118$68$37
41 years$501$312$187$109$62$33
42 years$484$297$175$100$56$29
43 years$467$283$164$93$51$26
44 years$451$269$154$86$46$23
45 years$436$257$145$79$42$21
46 years$422$245$136$73$38$18
47 years$409$234$128$67$35$16
48 years$395$223$120$62$32$15
49 years$383$213$113$58$29$13
50 years$371$204$106$53$26$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $380,000, adding $2,274 every year, while hoping to spend $21,033 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: 49/39/12 Blend
45$380,000$380,000$380,000$380,000
46$421,106$400,966$395,076$440,253
47$441,679$398,234$385,932$450,919
48$463,647$394,664$375,777$460,112
49$487,128$390,191$364,554$469,623
50$512,254$384,749$352,206$479,488
51$539,169$378,267$338,670$489,747
52$568,031$370,670$323,882$500,449
53$599,015$361,876$307,776$511,644
54$632,309$351,803$290,282$523,394
55$668,124$340,361$271,325$535,765
56$706,688$327,454$250,830$548,833
57$748,254$312,983$228,717$562,683
58$793,098$296,842$204,901$577,411
59$841,525$278,918$179,296$593,125
60$893,868$259,093$151,811$609,945
61$950,496$237,241$122,350$628,006
62$1,011,812$213,231$90,813$647,461
63$1,078,259$186,922$57,098$668,478
64$1,150,326$158,165$21,095$691,248
65$1,228,549$126,806$0$715,982
66$1,313,519$92,677$0$745,136
67$1,405,886$55,606$0$779,781
68$1,506,363$15,407$0$817,524
69$1,615,736$0$0$858,710
70$1,734,871$0$0$915,787
71$1,864,719$0$0$985,240
72$2,006,328$0$0$1,061,023
73$2,160,850$0$0$1,143,758
74$2,329,555$0$0$1,234,129
75$2,513,838$0$0$1,332,889
76$2,715,239$0$0$1,440,869
77$2,935,450$0$0$1,558,981
78$3,176,335$0$0$1,688,232
79$3,439,946$0$0$1,829,729
80$3,728,544$0$0$1,984,691
81$4,044,618$0$0$2,154,462
82$4,390,907$0$0$2,340,520
83$4,770,431$0$0$2,544,495
84$5,186,513$0$0$2,768,181
85$5,642,814$0$0$3,013,553
86$6,143,367$0$0$3,282,788
87$6,692,614$0$0$3,578,283
88$7,295,447$0$0$3,902,680
89$7,957,255$0$0$4,258,886
90$8,683,974$0$0$4,650,107
91$9,482,143$0$0$5,079,871
92$10,358,966$0$0$5,552,069
93$11,322,378$0$0$6,070,983
94$12,381,123$0$0$6,641,334
95$13,544,832$0$0$7,268,320
96$14,824,115$0$0$7,957,670
97$16,230,663$0$0$8,715,696
98$17,777,355$0$0$9,549,350
99$19,478,381$0$0$10,466,293
100$21,349,376$0$0$11,474,966