Can I retire at age 46 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$45,418$45,014$44,619$44,234$43,858$43,328
2 years$22,484$22,066$21,660$21,266$20,885$20,351
3 years$14,841$14,420$14,015$13,626$13,250$12,730
4 years$11,020$10,600$10,200$9,816$9,450$8,947
5 years$8,728$8,311$7,915$7,540$7,184$6,699
6 years$7,200$6,786$6,397$6,030$5,684$5,219
7 years$6,109$5,699$5,316$4,957$4,623$4,177
8 years$5,292$4,885$4,508$4,159$3,835$3,409
9 years$4,656$4,254$3,883$3,542$3,230$2,823
10 years$4,148$3,749$3,385$3,053$2,752$2,364
11 years$3,732$3,338$2,980$2,657$2,367$1,997
12 years$3,386$2,996$2,645$2,331$2,051$1,700
13 years$3,094$2,707$2,363$2,058$1,788$1,455
14 years$2,843$2,461$2,123$1,827$1,568$1,251
15 years$2,626$2,248$1,917$1,629$1,380$1,081
16 years$2,437$2,063$1,738$1,459$1,220$937
17 years$2,270$1,900$1,582$1,311$1,082$814
18 years$2,121$1,755$1,444$1,181$962$709
19 years$1,989$1,627$1,322$1,067$857$619
20 years$1,869$1,512$1,213$967$766$542
21 years$1,762$1,408$1,116$877$685$474
22 years$1,664$1,314$1,028$798$614$416
23 years$1,575$1,229$949$726$551$366
24 years$1,493$1,152$878$663$496$321
25 years$1,418$1,081$813$605$446$283
26 years$1,349$1,016$754$553$402$249
27 years$1,285$956$700$506$362$219
28 years$1,226$901$651$464$327$194
29 years$1,171$850$606$425$295$171
30 years$1,120$803$564$390$267$151
31 years$1,072$759$526$359$241$133
32 years$1,027$718$491$330$218$118
33 years$985$680$458$303$197$104
34 years$946$644$428$279$179$92
35 years$908$611$400$257$162$81
36 years$874$580$375$236$147$72
37 years$841$551$351$218$133$63
38 years$809$524$328$201$120$56
39 years$780$498$308$185$109$50
40 years$752$474$288$171$99$44
41 years$725$451$270$158$90$39
42 years$700$429$254$145$82$34
43 years$676$409$238$134$74$30
44 years$653$390$223$124$67$27
45 years$632$372$210$114$61$24
46 years$611$355$197$106$55$21
47 years$591$339$185$98$50$19
48 years$572$323$174$90$46$17
49 years$554$309$163$83$41$15
50 years$537$295$154$77$38$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $550,000, adding $3,144 every year, while hoping to spend $38,473 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: 20/50/30 Blend
45$550,000$550,000$550,000$550,000
46$609,343$580,193$571,668$615,678
47$630,561$567,688$549,884$609,469
48$652,654$553,280$526,081$599,472
49$675,670$536,836$500,150$587,953
50$699,662$518,215$471,978$574,815
51$724,686$497,265$441,448$559,954
52$750,802$473,830$408,435$543,263
53$778,077$447,740$372,811$524,627
54$806,581$418,819$334,439$503,929
55$836,389$386,879$293,181$481,042
56$867,586$351,721$248,887$455,835
57$900,260$313,136$201,405$428,170
58$934,509$270,902$150,574$397,903
59$970,437$224,784$96,227$364,882
60$1,008,159$174,536$38,188$328,949
61$1,047,799$119,896$0$289,937
62$1,089,492$60,588$0$255,274
63$1,133,384$0$0$230,716
64$1,179,635$0$0$205,923
65$1,228,419$0$0$214,972
66$1,279,926$0$0$224,567
67$1,334,362$0$0$234,753
68$1,391,953$0$0$245,577
69$1,452,944$0$0$257,091
70$1,517,606$0$0$269,354
71$1,586,232$0$0$282,427
72$1,659,143$0$0$296,381
73$1,736,692$0$0$311,290
74$1,819,262$0$0$327,237
75$1,907,276$0$0$344,313
76$2,001,193$0$0$362,616
77$2,101,521$0$0$382,258
78$2,208,813$0$0$403,356
79$2,323,676$0$0$426,043
80$2,446,777$0$0$450,462
81$2,578,845$0$0$476,772
82$2,720,683$0$0$505,148
83$2,873,171$0$0$535,780
84$3,037,274$0$0$568,878
85$3,214,053$0$0$604,673
86$3,404,674$0$0$643,419
87$3,610,416$0$0$685,395
88$3,832,685$0$0$730,907
89$4,073,027$0$0$780,293
90$4,333,139$0$0$833,924
91$4,614,891$0$0$892,208
92$4,920,334$0$0$955,592
93$5,251,725$0$0$1,024,572
94$5,611,549$0$0$1,099,691
95$6,002,535$0$0$1,181,546
96$6,427,688$0$0$1,270,795
97$6,890,313$0$0$1,368,163
98$7,394,046$0$0$1,474,446
99$7,942,888$0$0$1,590,522
100$8,541,244$0$0$1,717,357