Can I retire at age 46 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$43,767$43,377$42,997$42,625$42,263$41,512
2 years$21,667$21,263$20,872$20,493$20,125$19,371
3 years$14,301$13,896$13,506$13,130$12,768$12,034
4 years$10,619$10,215$9,829$9,459$9,106$8,399
5 years$8,410$8,009$7,627$7,266$6,923$6,243
6 years$6,938$6,540$6,164$5,811$5,478$4,827
7 years$5,887$5,492$5,122$4,777$4,455$3,833
8 years$5,099$4,708$4,344$4,007$3,696$3,103
9 years$4,487$4,099$3,742$3,413$3,112$2,548
10 years$3,997$3,613$3,262$2,942$2,652$2,116
11 years$3,597$3,216$2,872$2,561$2,281$1,772
12 years$3,263$2,887$2,549$2,246$1,976$1,494
13 years$2,981$2,609$2,277$1,983$1,723$1,268
14 years$2,740$2,371$2,046$1,760$1,511$1,080
15 years$2,531$2,166$1,847$1,570$1,330$924
16 years$2,348$1,988$1,675$1,406$1,176$793
17 years$2,187$1,830$1,524$1,263$1,042$682
18 years$2,044$1,691$1,391$1,138$927$588
19 years$1,916$1,568$1,274$1,028$826$509
20 years$1,801$1,457$1,169$931$738$440
21 years$1,697$1,357$1,075$845$660$382
22 years$1,603$1,267$991$769$592$331
23 years$1,517$1,185$915$700$531$288
24 years$1,439$1,110$846$638$478$250
25 years$1,366$1,042$784$583$430$218
26 years$1,300$979$727$533$387$190
27 years$1,238$921$675$488$349$165
28 years$1,181$868$627$447$315$144
29 years$1,128$819$584$410$284$126
30 years$1,079$773$544$376$257$110
31 years$1,033$731$507$346$232$96
32 years$990$692$473$318$210$84
33 years$949$655$442$292$190$73
34 years$911$621$413$269$172$64
35 years$875$589$386$247$156$56
36 years$842$559$361$228$141$49
37 years$810$531$338$210$128$43
38 years$780$505$316$193$116$37
39 years$752$480$296$178$105$33
40 years$725$456$278$165$95$28
41 years$699$435$261$152$87$25
42 years$675$414$244$140$79$22
43 years$652$394$229$129$71$19
44 years$630$376$215$119$65$17
45 years$609$358$202$110$59$15
46 years$589$342$190$102$53$13
47 years$570$326$178$94$48$11
48 years$552$311$168$87$44$10
49 years$534$297$158$80$40$9
50 years$517$284$148$74$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $530,000, adding $4,477 every year, while hoping to spend $39,214 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: 51/21/28 Blend
45$530,000$530,000$530,000$530,000
46$588,678$560,588$552,373$613,855
47$607,000$546,333$529,154$617,616
48$625,876$530,066$503,843$617,411
49$645,322$511,646$476,328$616,417
50$665,353$490,925$446,494$614,577
51$685,985$467,746$414,217$611,829
52$707,233$441,943$379,371$608,110
53$729,114$413,342$341,823$603,352
54$751,644$381,756$301,435$597,482
55$774,839$346,989$258,060$590,424
56$798,715$308,834$211,548$582,099
57$823,290$267,072$161,740$572,422
58$848,578$221,472$108,471$561,303
59$874,598$171,788$51,569$548,648
60$901,364$117,764$0$534,357
61$928,894$59,125$0$521,060
62$957,203$0$0$522,531
63$986,307$0$0$524,309
64$1,016,220$0$0$540,175
65$1,046,958$0$0$556,475
66$1,078,534$0$0$573,216
67$1,110,962$0$0$590,403
68$1,144,254$0$0$608,044
69$1,178,421$0$0$626,142
70$1,213,472$0$0$644,703
71$1,249,417$0$0$663,729
72$1,286,261$0$0$683,225
73$1,324,009$0$0$703,190
74$1,362,665$0$0$723,626
75$1,402,226$0$0$744,531
76$1,442,691$0$0$765,901
77$1,484,053$0$0$787,732
78$1,526,301$0$0$810,017
79$1,569,420$0$0$832,745
80$1,613,393$0$0$855,906
81$1,658,193$0$0$879,482
82$1,703,790$0$0$903,456
83$1,750,146$0$0$927,805
84$1,797,217$0$0$952,502
85$1,844,949$0$0$977,515
86$1,893,278$0$0$1,002,806
87$1,942,131$0$0$1,028,333
88$1,991,423$0$0$1,054,046
89$2,041,056$0$0$1,079,888
90$2,090,916$0$0$1,105,792
91$2,140,874$0$0$1,131,686
92$2,190,784$0$0$1,157,483
93$2,240,478$0$0$1,183,088
94$2,289,768$0$0$1,208,392
95$2,338,439$0$0$1,233,273
96$2,386,250$0$0$1,257,593
97$2,432,931$0$0$1,281,198
98$2,478,177$0$0$1,303,913
99$2,521,646$0$0$1,325,544
100$2,562,955$0$0$1,345,873