Can I retire at age 46 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$42,115$41,740$41,374$41,017$40,668$39,116
2 years$20,849$20,461$20,085$19,720$19,366$17,821
3 years$13,761$13,371$12,996$12,635$12,286$10,797
4 years$10,218$9,829$9,458$9,103$8,763$7,340
5 years$8,093$7,706$7,340$6,992$6,661$5,308
6 years$6,676$6,293$5,932$5,591$5,271$3,989
7 years$5,665$5,285$4,929$4,597$4,287$3,076
8 years$4,907$4,530$4,180$3,856$3,556$2,415
9 years$4,317$3,944$3,600$3,285$2,995$1,922
10 years$3,846$3,477$3,139$2,831$2,552$1,545
11 years$3,461$3,095$2,764$2,464$2,195$1,251
12 years$3,140$2,778$2,453$2,161$1,902$1,020
13 years$2,869$2,510$2,191$1,908$1,658$835
14 years$2,637$2,282$1,969$1,694$1,454$687
15 years$2,435$2,085$1,778$1,511$1,280$566
16 years$2,259$1,913$1,612$1,353$1,131$468
17 years$2,104$1,761$1,466$1,215$1,003$388
18 years$1,967$1,628$1,339$1,095$892$322
19 years$1,844$1,508$1,226$990$795$268
20 years$1,733$1,402$1,125$896$710$223
21 years$1,633$1,306$1,035$813$635$185
22 years$1,543$1,219$953$740$570$155
23 years$1,460$1,140$880$674$511$129
24 years$1,384$1,068$814$614$460$108
25 years$1,315$1,002$754$561$414$90
26 years$1,251$942$699$513$372$75
27 years$1,192$887$649$470$336$63
28 years$1,137$835$604$430$303$52
29 years$1,086$788$562$395$274$44
30 years$1,038$744$523$362$247$37
31 years$994$704$488$333$224$31
32 years$952$666$455$306$202$26
33 years$913$630$425$281$183$21
34 years$877$598$397$259$166$18
35 years$842$567$371$238$150$15
36 years$810$538$347$219$136$13
37 years$779$511$325$202$123$10
38 years$751$486$304$186$112$9
39 years$723$462$285$172$101$7
40 years$697$439$267$158$92$6
41 years$673$418$251$146$83$5
42 years$649$398$235$135$76$4
43 years$627$379$221$124$69$4
44 years$606$362$207$115$62$3
45 years$586$345$194$106$57$3
46 years$567$329$183$98$51$2
47 years$548$314$172$91$47$2
48 years$531$300$161$84$42$1
49 years$514$286$152$77$38$1
50 years$498$273$143$71$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $510,000, adding $3,784 every year, while hoping to spend $36,474 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: 76/9/15 Blend
45$510,000$510,000$510,000$510,000
46$565,923$538,893$530,988$606,826
47$584,839$526,491$509,968$621,953
48$604,462$512,258$487,022$633,593
49$624,826$496,068$462,045$645,357
50$645,966$477,783$434,932$657,246
51$667,921$457,260$405,568$669,261
52$690,731$434,348$373,837$681,403
53$714,441$408,886$339,615$693,675
54$739,096$380,704$302,775$706,080
55$764,747$349,622$263,181$718,623
56$791,448$315,450$220,694$731,309
57$819,256$277,988$175,168$744,145
58$848,234$237,023$126,450$757,140
59$878,448$192,331$74,381$770,303
60$909,971$143,676$18,793$783,647
61$942,879$90,808$0$797,186
62$977,257$33,461$0$817,424
63$1,013,194$0$0$841,527
64$1,050,789$0$0$869,374
65$1,090,148$0$0$902,001
66$1,131,386$0$0$936,191
67$1,174,625$0$0$972,047
68$1,220,002$0$0$1,009,682
69$1,267,663$0$0$1,049,218
70$1,317,767$0$0$1,090,788
71$1,370,486$0$0$1,134,536
72$1,426,010$0$0$1,180,620
73$1,484,542$0$0$1,229,211
74$1,546,307$0$0$1,280,495
75$1,611,548$0$0$1,334,677
76$1,680,530$0$0$1,391,977
77$1,753,543$0$0$1,452,639
78$1,830,904$0$0$1,516,927
79$1,912,958$0$0$1,585,129
80$2,000,084$0$0$1,657,563
81$2,092,695$0$0$1,734,574
82$2,191,243$0$0$1,816,540
83$2,296,224$0$0$1,903,875
84$2,408,179$0$0$1,997,033
85$2,527,703$0$0$2,096,511
86$2,655,445$0$0$2,202,852
87$2,792,119$0$0$2,316,654
88$2,938,508$0$0$2,438,570
89$3,095,468$0$0$2,569,319
90$3,263,941$0$0$2,709,688
91$3,444,959$0$0$2,860,541
92$3,639,656$0$0$3,022,826
93$3,849,277$0$0$3,197,586
94$4,075,188$0$0$3,385,963
95$4,318,890$0$0$3,589,216
96$4,582,033$0$0$3,808,723
97$4,866,429$0$0$4,046,002
98$5,174,069$0$0$4,302,721
99$5,507,144$0$0$4,580,712
100$5,868,060$0$0$4,881,990