Can I retire at age 46 with 560,000?

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 $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%16.2%
1 years$46,244$45,832$45,430$45,038$44,655$43,523
2 years$22,893$22,467$22,054$21,653$21,264$20,131
3 years$15,111$14,682$14,270$13,873$13,491$12,392
4 years$11,220$10,793$10,385$9,995$9,622$8,565
5 years$8,886$8,462$8,059$7,677$7,314$6,304
6 years$7,331$6,910$6,513$6,139$5,788$4,824
7 years$6,220$5,803$5,412$5,048$4,707$3,790
8 years$5,388$4,974$4,590$4,234$3,905$3,034
9 years$4,741$4,331$3,953$3,607$3,288$2,463
10 years$4,223$3,817$3,447$3,109$2,802$2,021
11 years$3,800$3,398$3,034$2,706$2,410$1,673
12 years$3,448$3,050$2,693$2,373$2,088$1,393
13 years$3,150$2,757$2,406$2,095$1,821$1,167
14 years$2,895$2,506$2,162$1,860$1,596$982
15 years$2,674$2,289$1,952$1,659$1,405$829
16 years$2,481$2,100$1,770$1,485$1,242$702
17 years$2,311$1,934$1,610$1,334$1,101$596
18 years$2,160$1,787$1,470$1,203$979$507
19 years$2,025$1,656$1,346$1,087$873$432
20 years$1,903$1,539$1,235$984$780$368
21 years$1,794$1,434$1,136$893$698$315
22 years$1,694$1,338$1,047$812$625$269
23 years$1,603$1,252$967$740$561$230
24 years$1,520$1,173$894$675$505$197
25 years$1,444$1,101$828$616$454$169
26 years$1,373$1,034$768$563$409$145
27 years$1,308$973$713$516$369$125
28 years$1,248$917$663$472$333$107
29 years$1,192$865$617$433$300$92
30 years$1,140$817$575$398$271$79
31 years$1,091$773$536$365$245$68
32 years$1,046$731$500$336$222$58
33 years$1,003$692$467$309$201$50
34 years$963$656$436$284$182$43
35 years$925$622$408$261$165$37
36 years$889$591$381$241$149$32
37 years$856$561$357$222$135$27
38 years$824$533$334$204$123$24
39 years$794$507$313$188$111$20
40 years$766$482$294$174$101$17
41 years$739$459$275$160$92$15
42 years$713$437$258$148$83$13
43 years$689$417$242$137$75$11
44 years$665$397$227$126$68$10
45 years$643$379$214$117$62$8
46 years$622$361$201$108$56$7
47 years$602$345$188$99$51$6
48 years$583$329$177$92$47$5
49 years$564$314$166$85$42$5
50 years$547$300$156$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $560,000, adding $4,672 every year, while hoping to spend $43,733 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: 58/37/5 Blend
45$560,000$560,000$560,000$560,000
46$621,939$592,259$583,579$657,168
47$638,845$574,748$556,597$663,838
48$656,010$554,914$527,246$665,710
49$673,414$532,595$495,400$666,645
50$691,034$507,624$460,927$666,556
51$708,842$479,820$423,690$665,349
52$726,807$448,994$383,547$662,924
53$744,893$414,946$340,348$659,172
54$763,058$377,465$293,935$653,976
55$781,254$336,326$244,147$647,210
56$799,429$291,292$190,813$638,740
57$817,519$242,114$133,754$628,420
58$835,456$188,528$72,784$616,093
59$853,161$130,254$7,711$601,592
60$870,546$66,998$0$584,734
61$887,509$0$0$568,619
62$903,941$0$0$551,027
63$919,714$0$0$560,266
64$934,689$0$0$568,969
65$948,708$0$0$577,033
66$961,595$0$0$584,346
67$973,155$0$0$590,781
68$983,168$0$0$596,197
69$991,391$0$0$600,439
70$997,553$0$0$603,331
71$1,001,353$0$0$604,680
72$1,002,454$0$0$604,270
73$1,000,485$0$0$601,864
74$995,032$0$0$597,194
75$985,637$0$0$589,967
76$971,791$0$0$579,856
77$952,929$0$0$566,501
78$928,427$0$0$549,499
79$897,592$0$0$528,407
80$859,658$0$0$502,734
81$813,775$0$0$471,936
82$759,005$0$0$435,411
83$694,308$0$0$392,493
84$618,536$0$0$342,447
85$530,417$0$0$284,459
86$428,547$0$0$217,629
87$311,374$0$0$140,964
88$177,180$0$0$53,364
89$24,072$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0