Can I retire at age 46 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$48,722$48,288$47,864$47,451$47,047$45,966
2 years$24,120$23,670$23,235$22,813$22,404$21,320
3 years$15,920$15,469$15,035$14,616$14,214$13,162
4 years$11,821$11,371$10,941$10,530$10,137$9,125
5 years$9,362$8,915$8,491$8,088$7,706$6,737
6 years$7,724$7,280$6,862$6,468$6,098$5,172
7 years$6,554$6,114$5,702$5,318$4,959$4,077
8 years$5,677$5,241$4,836$4,461$4,114$3,276
9 years$4,995$4,563$4,165$3,800$3,465$2,669
10 years$4,450$4,022$3,631$3,276$2,952$2,198
11 years$4,004$3,580$3,197$2,851$2,539$1,826
12 years$3,633$3,214$2,837$2,500$2,200$1,527
13 years$3,319$2,904$2,535$2,208$1,919$1,284
14 years$3,050$2,640$2,278$1,960$1,682$1,085
15 years$2,817$2,412$2,056$1,748$1,481$920
16 years$2,614$2,213$1,864$1,565$1,309$782
17 years$2,435$2,038$1,697$1,406$1,160$667
18 years$2,275$1,883$1,549$1,267$1,032$570
19 years$2,133$1,745$1,418$1,145$920$487
20 years$2,005$1,622$1,301$1,037$821$418
21 years$1,890$1,510$1,197$941$735$359
22 years$1,785$1,410$1,103$856$659$308
23 years$1,689$1,319$1,018$779$591$265
24 years$1,602$1,236$942$711$532$228
25 years$1,521$1,159$872$649$478$196
26 years$1,447$1,090$809$593$431$169
27 years$1,378$1,026$751$543$389$146
28 years$1,315$966$698$498$351$126
29 years$1,256$912$650$456$317$109
30 years$1,201$861$605$419$286$94
31 years$1,150$814$564$385$259$81
32 years$1,102$770$527$354$234$70
33 years$1,057$729$492$325$212$60
34 years$1,014$691$459$299$192$52
35 years$975$656$430$275$174$45
36 years$937$622$402$254$157$39
37 years$902$591$376$234$143$34
38 years$868$562$352$215$129$29
39 years$837$534$330$199$117$25
40 years$807$508$309$183$106$22
41 years$778$484$290$169$96$19
42 years$751$461$272$156$88$16
43 years$725$439$255$144$79$14
44 years$701$418$240$133$72$12
45 years$678$399$225$123$65$11
46 years$655$381$211$113$59$9
47 years$634$363$199$105$54$8
48 years$614$347$187$97$49$7
49 years$595$331$175$89$45$6
50 years$576$316$165$83$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $590,000, adding $5,526 every year, while hoping to spend $34,204 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: 47/47/6 Blend
45$590,000$590,000$590,000$590,000
46$655,880$624,610$615,465$685,407
47$686,387$618,823$599,690$700,448
48$718,859$611,606$582,241$712,711
49$753,461$602,853$563,024$725,212
50$790,373$592,452$541,944$737,983
51$829,792$580,282$518,900$751,063
52$871,933$566,219$493,786$764,493
53$917,034$550,128$466,491$778,324
54$965,355$531,867$436,902$792,615
55$1,017,180$511,288$404,897$807,430
56$1,072,822$488,230$370,351$822,846
57$1,132,624$462,528$333,132$838,950
58$1,196,963$434,003$293,103$855,842
59$1,266,251$402,467$250,120$873,634
60$1,340,944$367,723$204,034$892,454
61$1,421,540$329,561$154,689$912,448
62$1,508,587$287,760$101,921$933,781
63$1,602,687$242,085$45,560$956,639
64$1,704,503$192,288$0$981,231
65$1,814,762$138,110$0$1,008,728
66$1,934,263$79,273$0$1,041,636
67$2,063,888$15,487$0$1,077,348
68$2,204,602$0$0$1,116,212
69$2,357,470$0$0$1,186,319
70$2,523,663$0$0$1,271,304
71$2,704,469$0$0$1,363,823
72$2,901,303$0$0$1,464,608
73$3,115,725$0$0$1,574,465
74$3,349,450$0$0$1,694,283
75$3,604,367$0$0$1,825,038
76$3,882,554$0$0$1,967,805
77$4,186,298$0$0$2,123,768
78$4,518,117$0$0$2,294,229
79$4,880,783$0$0$2,480,623
80$5,277,348$0$0$2,684,529
81$5,711,173$0$0$2,907,687
82$6,185,957$0$0$3,152,010
83$6,705,775$0$0$3,419,609
84$7,275,114$0$0$3,712,804
85$7,898,913$0$0$4,034,154
86$8,582,615$0$0$4,386,474
87$9,332,211$0$0$4,772,868
88$10,154,303$0$0$5,196,751
89$11,056,160$0$0$5,661,888
90$12,045,788$0$0$6,172,423
91$13,132,009$0$0$6,732,923
92$14,324,537$0$0$7,348,418
93$15,634,074$0$0$8,024,449
94$17,072,410$0$0$8,767,119
95$18,652,532$0$0$9,583,153
96$20,388,746$0$0$10,479,959
97$22,296,814$0$0$11,465,698
98$24,394,100$0$0$12,549,361
99$26,699,734$0$0$13,740,853
100$29,234,792$0$0$15,051,089