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%18.3%
1 years$46,244$45,832$45,430$45,038$44,655$43,157
2 years$22,893$22,467$22,054$21,653$21,264$19,769
3 years$15,111$14,682$14,270$13,873$13,491$12,047
4 years$11,220$10,793$10,385$9,995$9,622$8,239
5 years$8,886$8,462$8,059$7,677$7,314$5,997
6 years$7,331$6,910$6,513$6,139$5,788$4,536
7 years$6,220$5,803$5,412$5,048$4,707$3,522
8 years$5,388$4,974$4,590$4,234$3,905$2,785
9 years$4,741$4,331$3,953$3,607$3,288$2,232
10 years$4,223$3,817$3,447$3,109$2,802$1,808
11 years$3,800$3,398$3,034$2,706$2,410$1,476
12 years$3,448$3,050$2,693$2,373$2,088$1,213
13 years$3,150$2,757$2,406$2,095$1,821$1,001
14 years$2,895$2,506$2,162$1,860$1,596$830
15 years$2,674$2,289$1,952$1,659$1,405$690
16 years$2,481$2,100$1,770$1,485$1,242$576
17 years$2,311$1,934$1,610$1,334$1,101$481
18 years$2,160$1,787$1,470$1,203$979$403
19 years$2,025$1,656$1,346$1,087$873$338
20 years$1,903$1,539$1,235$984$780$284
21 years$1,794$1,434$1,136$893$698$239
22 years$1,694$1,338$1,047$812$625$201
23 years$1,603$1,252$967$740$561$169
24 years$1,520$1,173$894$675$505$142
25 years$1,444$1,101$828$616$454$120
26 years$1,373$1,034$768$563$409$101
27 years$1,308$973$713$516$369$85
28 years$1,248$917$663$472$333$72
29 years$1,192$865$617$433$300$61
30 years$1,140$817$575$398$271$51
31 years$1,091$773$536$365$245$43
32 years$1,046$731$500$336$222$37
33 years$1,003$692$467$309$201$31
34 years$963$656$436$284$182$26
35 years$925$622$408$261$165$22
36 years$889$591$381$241$149$19
37 years$856$561$357$222$135$16
38 years$824$533$334$204$123$13
39 years$794$507$313$188$111$11
40 years$766$482$294$174$101$10
41 years$739$459$275$160$92$8
42 years$713$437$258$148$83$7
43 years$689$417$242$137$75$6
44 years$665$397$227$126$68$5
45 years$643$379$214$117$62$4
46 years$622$361$201$108$56$3
47 years$602$345$188$99$51$3
48 years$583$329$177$92$47$2
49 years$564$314$166$85$42$2
50 years$547$300$156$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $560,000, adding $5,473 every year, while hoping to spend $25,987 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: 59/22/19 Blend
45$560,000$560,000$560,000$560,000
46$622,765$593,085$584,405$656,102
47$658,638$594,497$576,333$680,741
48$697,298$595,106$567,119$704,275
49$739,003$594,847$556,698$729,354
50$784,035$593,648$545,002$756,132
51$832,704$591,435$531,957$784,777
52$885,352$588,127$517,490$815,480
53$942,353$583,641$501,521$848,448
54$1,004,119$577,885$483,968$883,913
55$1,071,103$570,765$464,744$922,130
56$1,143,803$562,180$443,761$963,383
57$1,222,767$552,023$420,923$1,007,984
58$1,308,597$540,180$396,132$1,056,280
59$1,401,957$526,532$369,286$1,108,655
60$1,503,577$510,952$340,276$1,165,531
61$1,614,258$493,305$308,992$1,227,379
62$1,734,884$473,448$275,314$1,294,716
63$1,866,426$451,232$239,122$1,368,115
64$2,009,956$426,496$200,287$1,448,212
65$2,166,650$399,073$158,675$1,535,705
66$2,337,805$368,784$114,147$1,631,370
67$2,524,847$335,441$66,557$1,736,063
68$2,729,348$298,844$15,753$1,850,729
69$2,953,038$258,784$0$1,976,413
70$3,197,821$215,037$0$2,122,068
71$3,465,794$167,369$0$2,285,087
72$3,759,267$115,533$0$2,463,716
73$4,080,783$59,265$0$2,659,549
74$4,433,143$0$0$2,874,342
75$4,819,431$0$0$3,110,448
76$5,243,046$0$0$3,385,147
77$5,707,728$0$0$3,686,525
78$6,217,599$0$0$4,017,261
79$6,777,199$0$0$4,380,304
80$7,391,529$0$0$4,778,907
81$8,066,096$0$0$5,216,650
82$8,806,969$0$0$5,697,476
83$9,620,832$0$0$6,225,731
84$10,515,050$0$0$6,806,203
85$11,497,733$0$0$7,444,164
86$12,577,820$0$0$8,145,425
87$13,765,156$0$0$8,916,386
88$15,070,590$0$0$9,764,099
89$16,506,071$0$0$10,696,334
90$18,084,767$0$0$11,721,649
91$19,821,185$0$0$12,849,477
92$21,731,308$0$0$14,090,209
93$23,832,747$0$0$15,455,292
94$26,144,906$0$0$16,957,343
95$28,689,164$0$0$18,610,259
96$31,489,076$0$0$20,429,356
97$34,570,598$0$0$22,431,508
98$37,962,329$0$0$24,635,307
99$41,695,780$0$0$27,061,240
100$45,805,675$0$0$29,731,883