Can I retire at age 46 with 510,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$42,115$41,740$41,374$41,017$40,668$39,733
2 years$20,849$20,461$20,085$19,720$19,366$18,429
3 years$13,761$13,371$12,996$12,635$12,286$11,377
4 years$10,218$9,829$9,458$9,103$8,763$7,888
5 years$8,093$7,706$7,340$6,992$6,661$5,824
6 years$6,676$6,293$5,932$5,591$5,271$4,471
7 years$5,665$5,285$4,929$4,597$4,287$3,524
8 years$4,907$4,530$4,180$3,856$3,556$2,832
9 years$4,317$3,944$3,600$3,285$2,995$2,307
10 years$3,846$3,477$3,139$2,831$2,552$1,900
11 years$3,461$3,095$2,764$2,464$2,195$1,579
12 years$3,140$2,778$2,453$2,161$1,902$1,320
13 years$2,869$2,510$2,191$1,908$1,658$1,110
14 years$2,637$2,282$1,969$1,694$1,454$938
15 years$2,435$2,085$1,778$1,511$1,280$795
16 years$2,259$1,913$1,612$1,353$1,131$676
17 years$2,104$1,761$1,466$1,215$1,003$576
18 years$1,967$1,628$1,339$1,095$892$492
19 years$1,844$1,508$1,226$990$795$421
20 years$1,733$1,402$1,125$896$710$361
21 years$1,633$1,306$1,035$813$635$310
22 years$1,543$1,219$953$740$570$266
23 years$1,460$1,140$880$674$511$229
24 years$1,384$1,068$814$614$460$197
25 years$1,315$1,002$754$561$414$170
26 years$1,251$942$699$513$372$146
27 years$1,192$887$649$470$336$126
28 years$1,137$835$604$430$303$109
29 years$1,086$788$562$395$274$94
30 years$1,038$744$523$362$247$81
31 years$994$704$488$333$224$70
32 years$952$666$455$306$202$61
33 years$913$630$425$281$183$52
34 years$877$598$397$259$166$45
35 years$842$567$371$238$150$39
36 years$810$538$347$219$136$34
37 years$779$511$325$202$123$29
38 years$751$486$304$186$112$25
39 years$723$462$285$172$101$22
40 years$697$439$267$158$92$19
41 years$673$418$251$146$83$16
42 years$649$398$235$135$76$14
43 years$627$379$221$124$69$12
44 years$606$362$207$115$62$11
45 years$586$345$194$106$57$9
46 years$567$329$183$98$51$8
47 years$548$314$172$91$47$7
48 years$531$300$161$84$42$6
49 years$514$286$152$77$38$5
50 years$498$273$143$71$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $510,000, adding $6,541 every year, while hoping to spend $39,768 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: 82/12/6 Blend
45$510,000$510,000$510,000$510,000
46$568,767$541,737$533,832$614,640
47$584,468$525,969$509,403$629,819
48$600,439$508,096$482,822$640,474
49$616,663$487,972$453,976$650,939
50$633,124$465,444$422,745$661,171
51$649,801$440,350$389,006$671,124
52$666,670$412,516$352,627$680,746
53$683,704$381,763$313,473$689,982
54$700,869$347,897$271,402$698,768
55$718,129$310,715$226,266$707,038
56$735,442$270,004$177,909$714,715
57$752,759$225,536$126,171$721,718
58$770,024$177,071$70,882$727,957
59$787,176$124,357$11,865$733,332
60$804,143$67,126$0$737,735
61$820,846$5,095$0$744,319
62$837,196$0$0$750,704
63$853,090$0$0$764,190
64$868,417$0$0$777,829
65$883,049$0$0$790,833
66$896,844$0$0$803,074
67$909,644$0$0$814,409
68$921,270$0$0$824,676
69$931,527$0$0$833,698
70$940,192$0$0$841,274
71$947,021$0$0$847,183
72$951,741$0$0$851,178
73$954,048$0$0$852,984
74$953,605$0$0$852,296
75$950,038$0$0$848,776
76$942,931$0$0$842,048
77$931,822$0$0$831,694
78$916,201$0$0$817,252
79$895,501$0$0$798,210
80$869,093$0$0$774,001
81$836,282$0$0$743,994
82$796,299$0$0$707,495
83$748,291$0$0$663,733
84$691,316$0$0$611,856
85$624,330$0$0$550,920
86$546,180$0$0$479,884
87$455,592$0$0$397,594
88$351,155$0$0$302,776
89$231,311$0$0$194,023
90$94,341$0$0$69,778
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