Can I retire at age 46 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$41,290$40,922$40,563$40,213$39,871$39,066
2 years$20,440$20,060$19,691$19,333$18,986$18,179
3 years$13,492$13,109$12,741$12,387$12,046$11,261
4 years$10,018$9,637$9,272$8,924$8,591$7,835
5 years$7,934$7,555$7,196$6,855$6,531$5,806
6 years$6,545$6,169$5,815$5,482$5,168$4,474
7 years$5,554$5,181$4,832$4,507$4,203$3,541
8 years$4,811$4,441$4,098$3,781$3,486$2,856
9 years$4,233$3,867$3,530$3,220$2,936$2,337
10 years$3,771$3,408$3,077$2,776$2,502$1,933
11 years$3,393$3,034$2,709$2,416$2,152$1,613
12 years$3,079$2,723$2,404$2,119$1,864$1,355
13 years$2,813$2,461$2,148$1,871$1,626$1,145
14 years$2,585$2,237$1,930$1,661$1,425$972
15 years$2,388$2,044$1,743$1,481$1,255$828
16 years$2,215$1,875$1,580$1,326$1,109$707
17 years$2,063$1,727$1,438$1,191$983$606
18 years$1,928$1,596$1,312$1,074$874$520
19 years$1,808$1,479$1,202$970$779$448
20 years$1,699$1,374$1,103$879$696$386
21 years$1,601$1,280$1,014$798$623$333
22 years$1,512$1,195$935$725$558$288
23 years$1,431$1,118$863$660$501$249
24 years$1,357$1,047$798$602$451$215
25 years$1,289$983$739$550$405$186
26 years$1,226$923$686$503$365$162
27 years$1,168$869$637$460$329$140
28 years$1,114$819$592$422$297$122
29 years$1,064$773$551$387$268$106
30 years$1,018$730$513$355$242$92
31 years$974$690$478$326$219$80
32 years$934$653$446$300$198$69
33 years$895$618$417$276$179$60
34 years$860$586$389$254$162$52
35 years$826$556$364$233$147$45
36 years$794$527$341$215$133$39
37 years$764$501$319$198$121$34
38 years$736$476$298$183$110$30
39 years$709$453$280$168$99$26
40 years$684$431$262$155$90$23
41 years$659$410$246$143$82$20
42 years$637$390$231$132$74$17
43 years$615$372$216$122$67$15
44 years$594$355$203$113$61$13
45 years$574$338$191$104$55$11
46 years$555$323$179$96$50$10
47 years$538$308$168$89$46$9
48 years$520$294$158$82$42$7
49 years$504$281$149$76$38$6
50 years$488$268$140$70$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $500,000, adding $6,722 every year, while hoping to spend $39,897 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: 38/33/29 Blend
45$500,000$500,000$500,000$500,000
46$557,934$531,434$523,684$574,114
47$572,393$515,024$498,777$570,216
48$586,990$496,473$471,699$561,878
49$601,696$475,633$442,334$552,110
50$616,480$452,350$410,563$540,811
51$631,304$426,458$376,260$527,869
52$646,126$397,784$339,294$513,169
53$660,899$366,143$299,528$496,584
54$675,568$331,342$256,820$477,983
55$690,071$293,173$211,019$457,224
56$704,341$251,421$161,970$434,157
57$718,298$205,855$109,510$408,619
58$731,855$156,232$53,470$380,440
59$744,914$102,298$0$349,437
60$757,366$43,781$0$317,376
61$769,086$0$0$299,871
62$779,937$0$0$287,317
63$789,766$0$0$290,196
64$798,401$0$0$292,535
65$805,652$0$0$294,254
66$811,305$0$0$295,263
67$815,124$0$0$295,462
68$816,846$0$0$294,738
69$816,180$0$0$292,968
70$812,799$0$0$290,015
71$806,345$0$0$285,726
72$796,418$0$0$279,933
73$782,575$0$0$272,448
74$764,325$0$0$263,065
75$741,125$0$0$251,554
76$712,371$0$0$237,661
77$677,397$0$0$221,105
78$635,466$0$0$201,575
79$585,760$0$0$178,727
80$527,376$0$0$152,182
81$459,317$0$0$121,518
82$380,477$0$0$86,272
83$289,636$0$0$45,930
84$185,445$0$0$0
85$66,414$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