Can I retire at age 46 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$46,244$45,832$45,430$45,038$44,655$43,470
2 years$22,893$22,467$22,054$21,653$21,264$20,078
3 years$15,111$14,682$14,270$13,873$13,491$12,342
4 years$11,220$10,793$10,385$9,995$9,622$8,518
5 years$8,886$8,462$8,059$7,677$7,314$6,259
6 years$7,331$6,910$6,513$6,139$5,788$4,781
7 years$6,220$5,803$5,412$5,048$4,707$3,750
8 years$5,388$4,974$4,590$4,234$3,905$2,997
9 years$4,741$4,331$3,953$3,607$3,288$2,429
10 years$4,223$3,817$3,447$3,109$2,802$1,989
11 years$3,800$3,398$3,034$2,706$2,410$1,643
12 years$3,448$3,050$2,693$2,373$2,088$1,366
13 years$3,150$2,757$2,406$2,095$1,821$1,142
14 years$2,895$2,506$2,162$1,860$1,596$958
15 years$2,674$2,289$1,952$1,659$1,405$807
16 years$2,481$2,100$1,770$1,485$1,242$682
17 years$2,311$1,934$1,610$1,334$1,101$578
18 years$2,160$1,787$1,470$1,203$979$490
19 years$2,025$1,656$1,346$1,087$873$417
20 years$1,903$1,539$1,235$984$780$355
21 years$1,794$1,434$1,136$893$698$303
22 years$1,694$1,338$1,047$812$625$258
23 years$1,603$1,252$967$740$561$220
24 years$1,520$1,173$894$675$505$188
25 years$1,444$1,101$828$616$454$161
26 years$1,373$1,034$768$563$409$138
27 years$1,308$973$713$516$369$118
28 years$1,248$917$663$472$333$101
29 years$1,192$865$617$433$300$87
30 years$1,140$817$575$398$271$74
31 years$1,091$773$536$365$245$64
32 years$1,046$731$500$336$222$55
33 years$1,003$692$467$309$201$47
34 years$963$656$436$284$182$40
35 years$925$622$408$261$165$34
36 years$889$591$381$241$149$29
37 years$856$561$357$222$135$25
38 years$824$533$334$204$123$22
39 years$794$507$313$188$111$19
40 years$766$482$294$174$101$16
41 years$739$459$275$160$92$14
42 years$713$437$258$148$83$12
43 years$689$417$242$137$75$10
44 years$665$397$227$126$68$9
45 years$643$379$214$117$62$7
46 years$622$361$201$108$56$6
47 years$602$345$188$99$51$5
48 years$583$329$177$92$47$5
49 years$564$314$166$85$42$4
50 years$547$300$156$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $560,000, adding $2,016 every year, while hoping to spend $28,138 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: 24/47/29 Blend
45$560,000$560,000$560,000$560,000
46$619,200$589,520$580,840$628,384
47$652,419$588,467$570,359$635,342
48$688,084$586,421$558,584$640,291
49$726,414$583,301$545,442$645,007
50$767,651$579,025$530,857$649,491
51$812,058$573,504$514,748$653,745
52$859,928$566,645$497,031$657,775
53$911,579$558,349$477,620$661,591
54$967,362$548,510$456,423$665,205
55$1,027,663$537,018$433,343$668,638
56$1,092,907$523,754$408,282$671,911
57$1,163,559$508,593$381,135$675,058
58$1,240,131$491,403$351,792$678,113
59$1,323,187$472,045$320,140$681,125
60$1,413,347$450,369$286,059$684,148
61$1,511,291$426,220$249,425$687,247
62$1,617,770$399,432$210,108$690,501
63$1,733,608$369,830$167,972$694,000
64$1,859,713$337,228$122,876$697,851
65$1,997,082$301,431$74,671$702,177
66$2,146,815$262,232$23,203$707,121
67$2,310,121$219,412$0$712,846
68$2,488,330$172,740$0$729,355
69$2,682,908$121,973$0$755,349
70$2,895,467$66,852$0$783,938
71$3,127,783$7,106$0$815,457
72$3,381,809$0$0$850,282
73$3,659,699$0$0$918,597
74$3,963,821$0$0$997,477
75$4,296,784$0$0$1,083,937
76$4,661,463$0$0$1,178,734
77$5,061,020$0$0$1,282,704
78$5,498,942$0$0$1,396,767
79$5,979,064$0$0$1,521,935
80$6,505,615$0$0$1,659,326
81$7,083,250$0$0$1,810,169
82$7,717,096$0$0$1,975,817
83$8,412,802$0$0$2,157,764
84$9,176,591$0$0$2,357,652
85$10,015,314$0$0$2,577,292
86$10,936,523$0$0$2,818,680
87$11,948,534$0$0$3,084,011
88$13,060,509$0$0$3,375,708
89$14,282,542$0$0$3,696,438
90$15,625,754$0$0$4,049,138
91$17,102,394$0$0$4,437,048
92$18,725,960$0$0$4,863,734
93$20,511,323$0$0$5,333,126
94$22,474,864$0$0$5,849,555
95$24,634,636$0$0$6,417,791
96$27,010,525$0$0$7,043,093
97$29,624,445$0$0$7,731,252
98$32,500,538$0$0$8,488,650
99$35,665,406$0$0$9,322,321
100$39,148,360$0$0$10,240,013