Can I retire at age 46 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$37,161$36,830$36,507$36,191$35,884$35,145
2 years$18,396$18,054$17,722$17,400$17,087$16,346
3 years$12,142$11,798$11,467$11,148$10,841$10,121
4 years$9,016$8,673$8,345$8,032$7,732$7,038
5 years$7,141$6,800$6,476$6,169$5,878$5,213
6 years$5,891$5,552$5,234$4,933$4,651$4,015
7 years$4,999$4,663$4,349$4,056$3,782$3,176
8 years$4,330$3,997$3,688$3,403$3,138$2,560
9 years$3,810$3,480$3,177$2,898$2,642$2,094
10 years$3,394$3,068$2,770$2,498$2,252$1,731
11 years$3,054$2,731$2,438$2,174$1,936$1,443
12 years$2,771$2,451$2,164$1,907$1,678$1,212
13 years$2,531$2,215$1,933$1,684$1,463$1,023
14 years$2,326$2,013$1,737$1,495$1,283$868
15 years$2,149$1,839$1,568$1,333$1,129$739
16 years$1,994$1,688$1,422$1,193$998$631
17 years$1,857$1,554$1,294$1,072$885$540
18 years$1,735$1,436$1,181$966$787$463
19 years$1,627$1,331$1,081$873$701$398
20 years$1,529$1,237$992$791$627$343
21 years$1,441$1,152$913$718$561$296
22 years$1,361$1,075$841$653$503$255
23 years$1,288$1,006$777$594$451$221
24 years$1,222$942$718$542$405$191
25 years$1,160$884$665$495$365$165
26 years$1,104$831$617$453$329$143
27 years$1,051$782$573$414$296$124
28 years$1,003$737$533$380$267$107
29 years$958$695$496$348$241$93
30 years$916$657$462$319$218$81
31 years$877$621$430$293$197$70
32 years$840$587$402$270$178$61
33 years$806$556$375$248$161$53
34 years$774$527$350$228$146$46
35 years$743$500$328$210$132$40
36 years$715$475$306$193$120$35
37 years$688$451$287$178$109$30
38 years$662$428$269$164$99$26
39 years$638$407$252$151$89$23
40 years$615$388$236$140$81$20
41 years$594$369$221$129$74$17
42 years$573$351$207$119$67$15
43 years$553$335$195$110$61$13
44 years$535$319$183$101$55$11
45 years$517$304$172$94$50$10
46 years$500$290$161$86$45$9
47 years$484$277$151$80$41$7
48 years$468$264$142$74$37$6
49 years$454$253$134$68$34$6
50 years$439$241$126$63$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $450,000, adding $4,827 every year, while hoping to spend $20,167 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: 57/31/12 Blend
45$450,000$450,000$450,000$450,000
46$500,879$477,029$470,054$527,658
47$530,511$478,946$464,343$548,231
48$562,490$480,281$457,765$567,989
49$597,033$480,984$450,270$589,040
50$634,381$481,002$441,804$611,511
51$674,796$480,280$432,313$635,543
52$718,568$478,757$421,739$661,291
53$766,016$476,370$410,021$688,926
54$817,490$473,052$397,096$718,640
55$873,373$468,731$382,899$750,642
56$934,091$463,333$367,360$785,165
57$1,000,109$456,776$350,406$822,468
58$1,071,938$448,976$331,963$862,835
59$1,150,144$439,844$311,952$906,581
60$1,235,345$429,284$290,289$954,054
61$1,328,226$417,194$266,890$1,005,641
62$1,429,537$403,469$241,662$1,061,767
63$1,540,106$387,994$214,514$1,122,904
64$1,660,843$370,652$185,346$1,189,572
65$1,792,749$351,314$154,055$1,262,348
66$1,936,929$329,848$120,535$1,341,866
67$2,094,596$306,111$84,674$1,428,831
68$2,267,089$279,954$46,355$1,524,020
69$2,455,879$251,220$5,455$1,628,290
70$2,662,589$219,740$0$1,742,592
71$2,889,004$185,338$0$1,872,861
72$3,137,091$147,828$0$2,016,430
73$3,409,015$107,012$0$2,173,895
74$3,707,161$62,682$0$2,346,686
75$4,034,156$14,618$0$2,536,382
76$4,392,894$0$0$2,744,725
77$4,786,562$0$0$2,986,399
78$5,218,670$0$0$3,257,186
79$5,693,086$0$0$3,554,528
80$6,214,068$0$0$3,881,100
81$6,786,310$0$0$4,239,849
82$7,414,980$0$0$4,634,020
83$8,105,773$0$0$5,067,191
84$8,864,963$0$0$5,543,300
85$9,699,460$0$0$6,066,690
86$10,616,880$0$0$6,642,141
87$11,625,612$0$0$7,274,923
88$12,734,896$0$0$7,970,840
89$13,954,918$0$0$8,736,288
90$15,296,894$0$0$9,578,313
91$16,773,188$0$0$10,504,678
92$18,397,418$0$0$11,523,938
93$20,184,590$0$0$12,645,517
94$22,151,239$0$0$13,879,801
95$24,315,582$0$0$15,238,232
96$26,697,693$0$0$16,733,418
97$29,319,690$0$0$18,379,250
98$32,205,944$0$0$20,191,037
99$35,383,309$0$0$22,185,644
100$38,881,374$0$0$24,381,658