Can I retire at age 46 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$42,941$42,559$42,185$41,821$41,466$40,712
2 years$21,258$20,862$20,478$20,106$19,745$18,989
3 years$14,031$13,634$13,251$12,882$12,527$11,791
4 years$10,419$10,022$9,643$9,281$8,935$8,225
5 years$8,251$7,857$7,484$7,129$6,792$6,110
6 years$6,807$6,416$6,048$5,701$5,374$4,722
7 years$5,776$5,388$5,026$4,687$4,371$3,747
8 years$5,003$4,619$4,262$3,932$3,626$3,032
9 years$4,402$4,021$3,671$3,349$3,054$2,488
10 years$3,922$3,545$3,201$2,887$2,602$2,065
11 years$3,529$3,156$2,818$2,512$2,238$1,728
12 years$3,202$2,832$2,501$2,204$1,939$1,457
13 years$2,925$2,560$2,234$1,946$1,691$1,235
14 years$2,688$2,327$2,007$1,727$1,482$1,051
15 years$2,483$2,125$1,812$1,540$1,305$899
16 years$2,304$1,950$1,643$1,379$1,153$771
17 years$2,146$1,796$1,495$1,239$1,023$663
18 years$2,005$1,660$1,365$1,117$909$571
19 years$1,880$1,538$1,250$1,009$811$493
20 years$1,767$1,429$1,147$914$724$427
21 years$1,665$1,331$1,055$829$648$370
22 years$1,573$1,243$972$754$581$320
23 years$1,489$1,162$898$687$521$278
24 years$1,412$1,089$830$626$469$242
25 years$1,341$1,022$769$572$422$210
26 years$1,275$960$713$523$380$183
27 years$1,215$904$662$479$342$159
28 years$1,159$852$616$439$309$139
29 years$1,107$804$573$402$279$121
30 years$1,058$759$534$369$252$105
31 years$1,013$717$497$339$228$92
32 years$971$679$464$312$206$80
33 years$931$643$433$287$187$70
34 years$894$609$405$264$169$61
35 years$859$578$379$243$153$53
36 years$826$548$354$224$139$47
37 years$795$521$331$206$126$41
38 years$765$495$310$190$114$36
39 years$737$471$291$175$103$31
40 years$711$448$273$161$94$27
41 years$686$426$256$149$85$24
42 years$662$406$240$137$77$21
43 years$639$387$225$127$70$18
44 years$618$369$211$117$64$16
45 years$597$352$198$108$58$14
46 years$578$335$186$100$52$12
47 years$559$320$175$92$48$11
48 years$541$306$164$85$43$9
49 years$524$292$155$79$39$8
50 years$508$279$145$73$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $520,000, adding $6,044 every year, while hoping to spend $33,166 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: 83/8/9 Blend
45$520,000$520,000$520,000$520,000
46$579,274$551,714$543,654$626,136
47$603,072$543,460$526,578$649,425
48$628,185$533,690$507,819$669,932
49$654,714$522,294$487,284$691,435
50$682,765$509,157$464,879$714,015
51$712,458$494,156$440,503$737,759
52$743,921$477,162$414,052$762,766
53$777,296$458,038$385,418$789,143
54$812,735$436,637$354,484$817,007
55$850,408$412,806$321,134$846,490
56$890,500$386,384$285,242$877,734
57$933,211$357,197$246,677$910,899
58$978,763$325,064$205,305$946,157
59$1,027,397$289,793$160,984$983,702
60$1,079,380$251,181$113,565$1,023,745
61$1,135,001$209,013$62,894$1,066,521
62$1,194,580$163,063$8,810$1,112,285
63$1,258,466$113,092$0$1,161,324
64$1,327,042$58,846$0$1,218,646
65$1,400,730$59$0$1,281,109
66$1,479,991$0$0$1,348,265
67$1,565,333$0$0$1,426,148
68$1,657,313$0$0$1,510,102
69$1,756,543$0$0$1,600,682
70$1,863,696$0$0$1,698,502
71$1,979,509$0$0$1,804,238
72$2,104,795$0$0$1,918,633
73$2,240,447$0$0$2,042,502
74$2,387,446$0$0$2,176,744
75$2,546,870$0$0$2,322,344
76$2,719,907$0$0$2,480,387
77$2,907,861$0$0$2,652,068
78$3,112,168$0$0$2,838,699
79$3,334,407$0$0$3,041,724
80$3,576,316$0$0$3,262,732
81$3,839,805$0$0$3,503,472
82$4,126,980$0$0$3,765,867
83$4,440,156$0$0$4,052,035
84$4,781,880$0$0$4,364,307
85$5,154,959$0$0$4,705,248
86$5,562,479$0$0$5,077,683
87$6,007,840$0$0$5,484,719
88$6,494,785$0$0$5,929,780
89$7,027,434$0$0$6,416,634
90$7,610,324$0$0$6,949,431
91$8,248,450$0$0$7,532,739
92$8,947,314$0$0$8,171,591
93$9,712,974$0$0$8,871,527
94$10,552,102$0$0$9,638,649
95$11,472,046$0$0$10,479,677
96$12,480,899$0$0$11,402,014
97$13,587,574$0$0$12,413,811
98$14,801,888$0$0$13,524,049
99$16,134,657$0$0$14,742,618
100$17,597,792$0$0$16,080,413