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%12.5%
1 years$48,722$48,288$47,864$47,451$47,047$46,556
2 years$24,120$23,670$23,235$22,813$22,404$21,909
3 years$15,920$15,469$15,035$14,616$14,214$13,731
4 years$11,821$11,371$10,941$10,530$10,137$9,670
5 years$9,362$8,915$8,491$8,088$7,706$7,256
6 years$7,724$7,280$6,862$6,468$6,098$5,665
7 years$6,554$6,114$5,702$5,318$4,959$4,544
8 years$5,677$5,241$4,836$4,461$4,114$3,717
9 years$4,995$4,563$4,165$3,800$3,465$3,085
10 years$4,450$4,022$3,631$3,276$2,952$2,590
11 years$4,004$3,580$3,197$2,851$2,539$2,193
12 years$3,633$3,214$2,837$2,500$2,200$1,871
13 years$3,319$2,904$2,535$2,208$1,919$1,606
14 years$3,050$2,640$2,278$1,960$1,682$1,385
15 years$2,817$2,412$2,056$1,748$1,481$1,199
16 years$2,614$2,213$1,864$1,565$1,309$1,042
17 years$2,435$2,038$1,697$1,406$1,160$908
18 years$2,275$1,883$1,549$1,267$1,032$794
19 years$2,133$1,745$1,418$1,145$920$695
20 years$2,005$1,622$1,301$1,037$821$610
21 years$1,890$1,510$1,197$941$735$536
22 years$1,785$1,410$1,103$856$659$471
23 years$1,689$1,319$1,018$779$591$415
24 years$1,602$1,236$942$711$532$366
25 years$1,521$1,159$872$649$478$323
26 years$1,447$1,090$809$593$431$286
27 years$1,378$1,026$751$543$389$252
28 years$1,315$966$698$498$351$223
29 years$1,256$912$650$456$317$198
30 years$1,201$861$605$419$286$175
31 years$1,150$814$564$385$259$155
32 years$1,102$770$527$354$234$137
33 years$1,057$729$492$325$212$122
34 years$1,014$691$459$299$192$108
35 years$975$656$430$275$174$96
36 years$937$622$402$254$157$85
37 years$902$591$376$234$143$75
38 years$868$562$352$215$129$67
39 years$837$534$330$199$117$59
40 years$807$508$309$183$106$53
41 years$778$484$290$169$96$47
42 years$751$461$272$156$88$42
43 years$725$439$255$144$79$37
44 years$701$418$240$133$72$33
45 years$678$399$225$123$65$29
46 years$655$381$211$113$59$26
47 years$634$363$199$105$54$23
48 years$614$347$187$97$49$20
49 years$595$331$175$89$45$18
50 years$576$316$165$83$40$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $590,000, adding $6,694 every year, while hoping to spend $44,988 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: 77/15/8 Blend
45$590,000$590,000$590,000$590,000
46$657,085$625,815$616,670$706,409
47$676,241$608,613$589,461$722,559
48$695,842$589,060$559,834$733,799
49$715,888$566,994$527,658$744,814
50$736,375$542,243$492,800$755,563
51$757,296$514,623$455,120$766,001
52$778,644$483,944$414,471$776,078
53$800,409$450,000$370,698$785,742
54$822,578$412,577$323,644$794,935
55$845,134$371,447$273,140$803,594
56$868,059$326,369$219,011$811,649
57$891,329$277,089$161,076$819,027
58$914,916$223,339$99,144$825,646
59$938,789$164,833$33,016$831,417
60$962,909$101,273$0$836,245
61$987,232$32,343$0$843,230
62$1,011,709$0$0$852,270
63$1,036,281$0$0$867,418
64$1,060,884$0$0$887,919
65$1,085,441$0$0$908,370
66$1,109,868$0$0$928,698
67$1,134,068$0$0$948,821
68$1,157,934$0$0$968,647
69$1,181,341$0$0$988,071
70$1,204,153$0$0$1,006,976
71$1,226,214$0$0$1,025,231
72$1,247,352$0$0$1,042,686
73$1,267,372$0$0$1,059,178
74$1,286,057$0$0$1,074,521
75$1,303,164$0$0$1,088,510
76$1,318,423$0$0$1,100,914
77$1,331,532$0$0$1,111,476
78$1,342,155$0$0$1,119,911
79$1,349,918$0$0$1,125,900
80$1,354,405$0$0$1,129,092
81$1,355,153$0$0$1,129,091
82$1,351,650$0$0$1,125,463
83$1,343,325$0$0$1,117,723
84$1,329,546$0$0$1,105,333
85$1,309,611$0$0$1,087,698
86$1,282,743$0$0$1,064,157
87$1,248,081$0$0$1,033,979
88$1,204,669$0$0$996,353
89$1,151,452$0$0$950,382
90$1,087,260$0$0$895,072
91$1,010,798$0$0$829,325
92$920,636$0$0$751,925
93$815,189$0$0$661,527
94$692,707$0$0$556,645
95$551,255$0$0$435,636
96$388,693$0$0$296,683
97$202,657$0$0$137,781
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0