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%19.3%
1 years$42,115$41,740$41,374$41,017$40,668$39,147
2 years$20,849$20,461$20,085$19,720$19,366$17,851
3 years$13,761$13,371$12,996$12,635$12,286$10,825
4 years$10,218$9,829$9,458$9,103$8,763$7,367
5 years$8,093$7,706$7,340$6,992$6,661$5,334
6 years$6,676$6,293$5,932$5,591$5,271$4,012
7 years$5,665$5,285$4,929$4,597$4,287$3,097
8 years$4,907$4,530$4,180$3,856$3,556$2,435
9 years$4,317$3,944$3,600$3,285$2,995$1,940
10 years$3,846$3,477$3,139$2,831$2,552$1,561
11 years$3,461$3,095$2,764$2,464$2,195$1,266
12 years$3,140$2,778$2,453$2,161$1,902$1,033
13 years$2,869$2,510$2,191$1,908$1,658$847
14 years$2,637$2,282$1,969$1,694$1,454$698
15 years$2,435$2,085$1,778$1,511$1,280$576
16 years$2,259$1,913$1,612$1,353$1,131$477
17 years$2,104$1,761$1,466$1,215$1,003$396
18 years$1,967$1,628$1,339$1,095$892$329
19 years$1,844$1,508$1,226$990$795$274
20 years$1,733$1,402$1,125$896$710$228
21 years$1,633$1,306$1,035$813$635$190
22 years$1,543$1,219$953$740$570$159
23 years$1,460$1,140$880$674$511$133
24 years$1,384$1,068$814$614$460$111
25 years$1,315$1,002$754$561$414$93
26 years$1,251$942$699$513$372$78
27 years$1,192$887$649$470$336$65
28 years$1,137$835$604$430$303$54
29 years$1,086$788$562$395$274$46
30 years$1,038$744$523$362$247$38
31 years$994$704$488$333$224$32
32 years$952$666$455$306$202$27
33 years$913$630$425$281$183$22
34 years$877$598$397$259$166$19
35 years$842$567$371$238$150$16
36 years$810$538$347$219$136$13
37 years$779$511$325$202$123$11
38 years$751$486$304$186$112$9
39 years$723$462$285$172$101$8
40 years$697$439$267$158$92$7
41 years$673$418$251$146$83$5
42 years$649$398$235$135$76$5
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$2
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 $6,481 every year, while hoping to spend $36,404 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: 63/15/22 Blend
45$510,000$510,000$510,000$510,000
46$568,705$541,675$533,770$600,897
47$587,980$529,484$512,918$611,206
48$608,000$515,475$490,147$617,820
49$628,803$499,521$465,355$624,215
50$650,431$481,487$438,434$630,374
51$672,926$461,230$409,272$636,279
52$696,333$438,600$377,752$641,912
53$720,704$413,436$343,751$647,253
54$746,090$385,569$307,141$652,285
55$772,550$354,821$267,789$656,990
56$800,146$321,002$225,555$661,347
57$828,943$283,913$180,294$665,341
58$859,013$243,344$131,852$668,951
59$890,435$199,070$80,071$672,161
60$923,292$150,856$24,786$674,956
61$957,673$98,454$0$677,318
62$993,679$41,601$0$687,265
63$1,031,414$0$0$703,485
64$1,070,994$0$0$723,484
65$1,112,544$0$0$751,699
66$1,156,199$0$0$781,355
67$1,202,109$0$0$812,555
68$1,250,432$0$0$845,411
69$1,301,344$0$0$880,041
70$1,355,035$0$0$916,579
71$1,411,712$0$0$955,167
72$1,471,603$0$0$995,961
73$1,534,952$0$0$1,039,132
74$1,602,031$0$0$1,084,867
75$1,673,133$0$0$1,133,368
76$1,748,580$0$0$1,184,859
77$1,828,723$0$0$1,239,582
78$1,913,947$0$0$1,297,804
79$2,004,673$0$0$1,359,815
80$2,101,361$0$0$1,425,936
81$2,204,516$0$0$1,496,514
82$2,314,691$0$0$1,571,933
83$2,432,491$0$0$1,652,612
84$2,558,580$0$0$1,739,012
85$2,693,686$0$0$1,831,635
86$2,838,608$0$0$1,931,037
87$2,994,223$0$0$2,037,823
88$3,161,491$0$0$2,152,661
89$3,341,470$0$0$2,276,283
90$3,535,318$0$0$2,409,491
91$3,744,308$0$0$2,553,169
92$3,969,839$0$0$2,708,287
93$4,213,449$0$0$2,875,909
94$4,476,825$0$0$3,057,207
95$4,761,825$0$0$3,253,468
96$5,070,487$0$0$3,466,107
97$5,405,056$0$0$3,696,680
98$5,767,999$0$0$3,946,898
99$6,162,029$0$0$4,218,643
100$6,590,128$0$0$4,513,984