Can I retire at age 46 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$44,593$44,195$43,808$43,430$43,060$42,843
2 years$22,076$21,664$21,266$20,880$20,505$20,285
3 years$14,571$14,158$13,761$13,378$13,009$12,794
4 years$10,819$10,408$10,014$9,638$9,278$9,070
5 years$8,569$8,160$7,771$7,403$7,053$6,852
6 years$7,069$6,663$6,280$5,920$5,581$5,387
7 years$5,998$5,596$5,219$4,867$4,539$4,352
8 years$5,195$4,796$4,426$4,083$3,765$3,586
9 years$4,571$4,176$3,812$3,478$3,171$2,999
10 years$4,072$3,681$3,324$2,998$2,702$2,537
11 years$3,665$3,277$2,926$2,609$2,324$2,167
12 years$3,325$2,941$2,597$2,289$2,014$1,864
13 years$3,038$2,658$2,320$2,020$1,756$1,613
14 years$2,792$2,416$2,085$1,794$1,539$1,403
15 years$2,579$2,207$1,882$1,599$1,355$1,225
16 years$2,392$2,025$1,706$1,432$1,198$1,074
17 years$2,228$1,865$1,553$1,287$1,062$945
18 years$2,083$1,723$1,417$1,160$944$833
19 years$1,952$1,597$1,298$1,048$842$736
20 years$1,835$1,484$1,191$949$752$652
21 years$1,730$1,382$1,095$861$673$579
22 years$1,633$1,290$1,010$783$603$514
23 years$1,546$1,207$932$713$541$457
24 years$1,466$1,131$862$650$487$407
25 years$1,392$1,061$798$594$438$363
26 years$1,324$997$741$543$394$324
27 years$1,262$939$688$497$356$290
28 years$1,204$884$639$456$321$259
29 years$1,150$834$595$418$290$231
30 years$1,099$788$554$383$262$207
31 years$1,052$745$517$352$237$185
32 years$1,008$705$482$324$214$166
33 years$967$668$450$298$194$149
34 years$928$633$420$274$175$133
35 years$892$600$393$252$159$120
36 years$858$570$368$232$144$107
37 years$825$541$344$214$130$96
38 years$795$514$322$197$118$86
39 years$766$489$302$182$107$78
40 years$738$465$283$168$97$70
41 years$712$443$265$155$88$63
42 years$687$422$249$143$80$56
43 years$664$402$234$132$73$50
44 years$642$383$219$122$66$45
45 years$620$365$206$112$60$41
46 years$600$348$193$104$54$37
47 years$581$332$182$96$49$33
48 years$562$317$171$89$45$30
49 years$544$303$160$82$41$27
50 years$527$289$151$76$37$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $540,000, adding $2,104 every year, while hoping to spend $39,645 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: 36/36/28 Blend
45$540,000$540,000$540,000$540,000
46$597,250$568,630$560,260$613,668
47$615,988$554,311$536,847$611,746
48$635,308$537,962$511,321$605,935
49$655,228$519,441$483,569$598,899
50$675,766$498,598$453,473$590,557
51$696,941$475,276$420,911$580,821
52$718,771$449,307$385,754$569,596
53$741,277$420,514$347,868$556,787
54$764,477$388,709$307,112$542,288
55$788,394$353,696$263,339$525,992
56$813,046$315,263$216,398$507,783
57$838,457$273,191$166,127$487,541
58$864,648$227,245$112,360$465,137
59$891,641$177,180$54,923$440,436
60$919,459$122,733$0$413,298
61$948,127$63,629$0$385,477
62$977,668$0$0$372,545
63$1,008,105$0$0$358,138
64$1,039,465$0$0$369,262
65$1,071,773$0$0$380,721
66$1,105,054$0$0$392,523
67$1,139,334$0$0$404,678
68$1,174,640$0$0$417,194
69$1,210,999$0$0$430,081
70$1,248,437$0$0$443,348
71$1,286,983$0$0$457,004
72$1,326,663$0$0$471,058
73$1,367,505$0$0$485,521
74$1,409,538$0$0$500,400
75$1,452,788$0$0$515,706
76$1,497,282$0$0$531,448
77$1,543,050$0$0$547,634
78$1,590,116$0$0$564,274
79$1,638,508$0$0$581,375
80$1,688,251$0$0$598,947
81$1,739,370$0$0$616,996
82$1,791,889$0$0$635,531
83$1,845,831$0$0$654,557
84$1,901,217$0$0$674,082
85$1,958,067$0$0$694,110
86$2,016,397$0$0$714,646
87$2,076,223$0$0$735,693
88$2,137,557$0$0$757,254
89$2,200,408$0$0$779,329
90$2,264,782$0$0$801,919
91$2,330,680$0$0$825,020
92$2,398,098$0$0$848,628
93$2,467,028$0$0$872,738
94$2,537,456$0$0$897,339
95$2,609,359$0$0$922,421
96$2,682,708$0$0$947,968
97$2,757,465$0$0$973,962
98$2,833,583$0$0$1,000,380
99$2,911,003$0$0$1,027,196
100$2,989,655$0$0$1,054,377