Can I retire at age 46 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$47,896$47,469$47,053$46,647$46,250$45,242
2 years$23,711$23,269$22,841$22,426$22,024$21,014
3 years$15,650$15,207$14,780$14,369$13,973$12,992
4 years$11,621$11,179$10,756$10,352$9,966$9,021
5 years$9,204$8,764$8,347$7,951$7,576$6,670
6 years$7,593$7,157$6,746$6,359$5,994$5,129
7 years$6,443$6,010$5,606$5,228$4,875$4,050
8 years$5,580$5,152$4,754$4,385$4,044$3,260
9 years$4,910$4,486$4,095$3,735$3,406$2,661
10 years$4,374$3,954$3,570$3,220$2,902$2,196
11 years$3,936$3,520$3,143$2,802$2,496$1,828
12 years$3,571$3,159$2,789$2,458$2,163$1,531
13 years$3,263$2,855$2,492$2,170$1,886$1,290
14 years$2,998$2,595$2,239$1,926$1,653$1,092
15 years$2,770$2,371$2,022$1,718$1,456$928
16 years$2,570$2,175$1,833$1,538$1,287$791
17 years$2,393$2,003$1,668$1,382$1,141$675
18 years$2,237$1,851$1,522$1,246$1,014$578
19 years$2,097$1,715$1,394$1,125$904$496
20 years$1,971$1,594$1,279$1,019$808$426
21 years$1,858$1,485$1,177$925$723$367
22 years$1,754$1,386$1,084$841$648$316
23 years$1,660$1,296$1,001$766$581$272
24 years$1,574$1,215$926$699$523$235
25 years$1,495$1,140$858$638$470$203
26 years$1,422$1,071$795$583$424$175
27 years$1,355$1,008$739$534$382$151
28 years$1,293$950$687$489$345$131
29 years$1,235$896$639$449$311$113
30 years$1,181$846$595$412$281$98
31 years$1,130$800$555$378$254$85
32 years$1,083$757$518$348$230$73
33 years$1,039$717$483$320$208$64
34 years$997$680$452$294$188$55
35 years$958$645$422$271$171$48
36 years$921$612$395$249$155$41
37 years$886$581$370$230$140$36
38 years$854$552$346$212$127$31
39 years$822$525$324$195$115$27
40 years$793$500$304$180$104$23
41 years$765$476$285$166$95$20
42 years$738$453$267$153$86$18
43 years$713$431$251$142$78$15
44 years$689$411$236$131$71$13
45 years$666$392$221$121$64$11
46 years$644$374$208$111$58$10
47 years$624$357$195$103$53$9
48 years$604$341$183$95$48$7
49 years$585$326$172$88$44$6
50 years$566$311$162$81$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $580,000, adding $4,498 every year, while hoping to spend $21,471 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: 46/27/27 Blend
45$580,000$580,000$580,000$580,000
46$643,800$613,060$604,070$668,233
47$686,622$620,255$601,461$693,153
48$733,093$627,083$598,045$717,740
49$783,562$633,503$593,773$744,001
50$838,413$639,472$588,592$772,104
51$898,068$644,944$582,447$802,235
52$962,994$649,869$575,282$834,599
53$1,033,702$654,195$567,037$869,425
54$1,110,756$657,866$557,649$906,965
55$1,194,775$660,824$547,052$947,498
56$1,286,441$663,004$535,177$991,334
57$1,386,507$664,339$521,954$1,038,813
58$1,495,797$664,759$507,306$1,090,314
59$1,615,223$664,186$491,156$1,146,255
60$1,745,787$662,542$473,420$1,207,097
61$1,888,590$659,740$454,014$1,273,353
62$2,044,850$655,691$432,846$1,345,587
63$2,215,901$650,296$409,823$1,424,424
64$2,403,218$643,456$384,847$1,510,553
65$2,608,422$635,061$357,815$1,604,739
66$2,833,299$624,997$328,620$1,707,823
67$3,079,816$613,143$297,150$1,820,738
68$3,350,141$599,370$263,287$1,944,514
69$3,646,657$583,541$226,910$2,080,285
70$3,971,995$565,514$187,890$2,229,310
71$4,329,049$545,134$146,095$2,392,974
72$4,721,008$522,241$101,384$2,572,811
73$5,151,383$496,664$53,614$2,770,510
74$5,624,046$468,221$2,631$2,987,942
75$6,143,257$436,723$0$3,227,167
76$6,713,713$401,966$0$3,505,380
77$7,340,586$363,737$0$3,811,956
78$8,029,576$321,810$0$4,148,960
79$8,786,961$275,947$0$4,519,509
80$9,619,657$225,895$0$4,927,036
81$10,535,287$171,388$0$5,375,329
82$11,542,244$112,144$0$5,868,562
83$12,649,781$47,867$0$6,411,343
84$13,868,088$0$0$7,008,746
85$15,208,396$0$0$7,672,835
86$16,683,077$0$0$8,419,227
87$18,305,763$0$0$9,240,610
88$20,091,475$0$0$10,144,596
89$22,056,763$0$0$11,139,575
90$24,219,863$0$0$12,234,788
91$26,600,868$0$0$13,440,421
92$29,221,920$0$0$14,767,695
93$32,107,413$0$0$16,228,977
94$35,284,229$0$0$17,837,891
95$38,781,989$0$0$19,609,451
96$42,633,332$0$0$21,560,202
97$46,874,223$0$0$23,708,372
98$51,544,292$0$0$26,074,050
99$56,687,208$0$0$28,679,372
100$62,351,092$0$0$31,548,728