Can I retire at age 46 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$37,986$37,648$37,318$36,996$36,681$35,823
2 years$18,805$18,455$18,115$17,786$17,467$16,608
3 years$12,412$12,060$11,722$11,396$11,082$10,248
4 years$9,216$8,866$8,531$8,210$7,904$7,102
5 years$7,299$6,951$6,620$6,306$6,008$5,240
6 years$6,022$5,676$5,350$5,043$4,754$4,021
7 years$5,110$4,767$4,446$4,146$3,866$3,168
8 years$4,426$4,086$3,770$3,478$3,208$2,544
9 years$3,894$3,557$3,247$2,963$2,701$2,071
10 years$3,469$3,136$2,831$2,554$2,302$1,705
11 years$3,122$2,792$2,493$2,223$1,979$1,415
12 years$2,832$2,506$2,212$1,949$1,715$1,183
13 years$2,588$2,264$1,976$1,721$1,496$994
14 years$2,378$2,058$1,776$1,528$1,311$839
15 years$2,197$1,880$1,603$1,363$1,154$711
16 years$2,038$1,725$1,454$1,220$1,020$604
17 years$1,898$1,589$1,323$1,096$905$515
18 years$1,774$1,468$1,207$988$804$439
19 years$1,663$1,361$1,105$893$717$376
20 years$1,563$1,264$1,014$808$640$322
21 years$1,473$1,178$933$734$573$276
22 years$1,391$1,099$860$667$514$237
23 years$1,317$1,028$794$608$461$204
24 years$1,249$963$734$554$414$175
25 years$1,186$904$680$506$373$151
26 years$1,128$850$631$463$336$130
27 years$1,075$800$586$424$303$112
28 years$1,025$753$545$388$273$96
29 years$979$711$507$356$247$83
30 years$936$671$472$327$223$72
31 years$896$635$440$300$202$62
32 years$859$600$411$276$182$53
33 years$824$569$383$253$165$46
34 years$791$539$358$233$149$40
35 years$760$511$335$215$135$34
36 years$731$485$313$198$123$30
37 years$703$461$293$182$111$26
38 years$677$438$275$168$101$22
39 years$652$416$257$155$91$19
40 years$629$396$241$143$83$17
41 years$607$377$226$132$75$14
42 years$586$359$212$122$68$12
43 years$566$342$199$112$62$11
44 years$547$326$187$104$56$9
45 years$528$311$175$96$51$8
46 years$511$297$165$88$46$7
47 years$495$283$155$82$42$6
48 years$479$270$145$75$38$5
49 years$464$258$137$70$35$4
50 years$449$247$129$64$32$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $460,000, adding $4,341 every year, while hoping to spend $39,187 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: 72/17/11 Blend
45$460,000$460,000$460,000$460,000
46$511,398$487,018$479,888$546,787
47$521,866$469,187$454,269$552,946
48$532,088$449,169$426,479$554,440
49$541,998$426,816$396,404$555,013
50$551,522$401,969$363,923$554,566
51$560,575$374,464$328,913$552,987
52$569,065$344,124$291,243$550,157
53$576,888$310,764$250,777$545,946
54$583,926$274,187$207,374$540,208
55$590,050$234,187$160,885$532,789
56$595,116$190,542$111,155$523,515
57$598,963$143,023$58,023$512,201
58$601,410$91,385$1,321$498,642
59$602,260$35,369$0$482,612
60$601,292$0$0$470,816
61$598,258$0$0$461,387
62$592,888$0$0$456,707
63$584,879$0$0$449,920
64$573,895$0$0$440,760
65$559,566$0$0$428,931
66$541,481$0$0$414,107
67$519,183$0$0$395,926
68$492,168$0$0$373,987
69$459,879$0$0$347,847
70$421,697$0$0$317,015
71$376,941$0$0$280,951
72$324,855$0$0$239,052
73$264,605$0$0$190,658
74$195,267$0$0$135,035
75$115,823$0$0$71,374
76$25,145$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