Can I retire at age 46 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$38,812$38,466$38,129$37,800$37,478$37,321
2 years$19,214$18,856$18,509$18,173$17,847$17,687
3 years$12,682$12,323$11,977$11,644$11,323$11,167
4 years$9,417$9,058$8,716$8,389$8,076$7,924
5 years$7,458$7,102$6,764$6,443$6,139$5,993
6 years$6,153$5,799$5,466$5,153$4,857$4,716
7 years$5,221$4,870$4,543$4,236$3,950$3,815
8 years$4,522$4,175$3,852$3,554$3,277$3,147
9 years$3,979$3,635$3,318$3,027$2,760$2,635
10 years$3,545$3,204$2,893$2,609$2,352$2,232
11 years$3,190$2,852$2,547$2,271$2,022$1,908
12 years$2,894$2,560$2,260$1,992$1,753$1,643
13 years$2,644$2,314$2,019$1,759$1,528$1,424
14 years$2,430$2,103$1,814$1,561$1,340$1,240
15 years$2,244$1,921$1,638$1,392$1,180$1,085
16 years$2,082$1,763$1,485$1,247$1,043$952
17 years$1,939$1,623$1,351$1,120$924$839
18 years$1,813$1,500$1,234$1,009$822$741
19 years$1,699$1,390$1,129$912$733$655
20 years$1,597$1,292$1,037$826$654$581
21 years$1,505$1,203$953$750$586$516
22 years$1,422$1,123$879$682$525$460
23 years$1,346$1,050$811$621$471$409
24 years$1,276$984$750$566$423$365
25 years$1,212$924$695$517$381$326
26 years$1,153$868$645$473$343$292
27 years$1,098$817$599$433$309$261
28 years$1,048$770$556$396$279$234
29 years$1,001$726$518$364$252$209
30 years$957$686$482$334$228$188
31 years$916$648$450$306$206$168
32 years$878$613$420$282$186$151
33 years$842$581$392$259$169$135
34 years$808$551$366$238$153$122
35 years$776$522$342$219$138$109
36 years$746$496$320$202$125$98
37 years$718$471$300$186$114$88
38 years$692$447$281$172$103$79
39 years$666$425$263$158$93$71
40 years$643$405$246$146$85$64
41 years$620$385$231$135$77$58
42 years$598$367$217$124$70$52
43 years$578$350$203$115$63$47
44 years$558$333$191$106$57$42
45 years$540$318$179$98$52$38
46 years$522$303$168$90$47$34
47 years$505$289$158$83$43$31
48 years$489$276$149$77$39$28
49 years$474$264$140$71$35$25
50 years$459$252$131$66$32$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $470,000, adding $3,500 every year, while hoping to spend $22,982 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: 58/34/8 Blend
45$470,000$470,000$470,000$470,000
46$521,550$496,640$489,355$550,662
47$550,296$496,523$481,296$570,530
48$581,203$495,630$472,196$589,274
49$614,468$493,898$461,998$609,137
50$650,307$491,262$450,638$630,229
51$688,956$487,652$438,052$652,670
52$730,675$482,992$424,172$676,594
53$775,750$477,205$408,928$702,151
54$824,495$470,206$392,245$729,504
55$877,255$461,908$374,047$758,836
56$934,409$452,215$354,252$790,351
57$996,375$441,030$332,775$824,272
58$1,063,610$428,246$309,529$860,847
59$1,136,621$413,752$284,420$900,352
60$1,215,961$397,431$257,353$943,092
61$1,302,241$379,157$228,226$989,403
62$1,396,132$358,798$196,934$1,039,660
63$1,498,374$336,216$163,368$1,094,275
64$1,609,779$311,261$127,412$1,153,707
65$1,731,243$283,779$88,946$1,218,462
66$1,863,749$253,604$47,846$1,289,101
67$2,008,383$220,562$3,980$1,366,242
68$2,166,337$184,469$0$1,450,573
69$2,338,926$145,130$0$1,546,508
70$2,527,594$102,339$0$1,651,829
71$2,733,935$55,880$0$1,767,137
72$2,959,701$5,523$0$1,893,470
73$3,206,822$0$0$2,031,976
74$3,477,425$0$0$2,202,246
75$3,773,849$0$0$2,391,066
76$4,098,674$0$0$2,598,019
77$4,454,737$0$0$2,824,917
78$4,845,165$0$0$3,073,758
79$5,273,403$0$0$3,346,744
80$5,743,243$0$0$3,646,297
81$6,258,863$0$0$3,975,087
82$6,824,865$0$0$4,336,055
83$7,446,319$0$0$4,732,441
84$8,128,808$0$0$5,167,812
85$8,878,485$0$0$5,646,100
86$9,702,126$0$0$6,171,635
87$10,607,196$0$0$6,749,188
88$11,601,921$0$0$7,384,015
89$12,695,360$0$0$8,081,906
90$13,897,496$0$0$8,849,241
91$15,219,327$0$0$9,693,048
92$16,672,970$0$0$10,621,071
93$18,271,775$0$0$11,641,840
94$20,030,450$0$0$12,764,757
95$21,965,201$0$0$14,000,179
96$24,093,883$0$0$15,359,516
97$26,436,170$0$0$16,855,341
98$29,013,738$0$0$18,501,510
99$31,850,473$0$0$20,313,285
100$34,972,691$0$0$22,307,488