Can I retire at age 46 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$49,547$49,106$48,676$48,255$47,845$47,227
2 years$24,528$24,072$23,629$23,200$22,783$22,162
3 years$16,190$15,731$15,289$14,864$14,455$13,849
4 years$12,021$11,564$11,127$10,709$10,309$9,724
5 years$9,521$9,066$8,635$8,225$7,837$7,273
6 years$7,855$7,403$6,978$6,578$6,201$5,660
7 years$6,665$6,217$5,799$5,408$5,043$4,525
8 years$5,773$5,329$4,918$4,537$4,184$3,688
9 years$5,079$4,640$4,236$3,864$3,523$3,051
10 years$4,525$4,090$3,693$3,331$3,002$2,552
11 years$4,072$3,641$3,251$2,899$2,582$2,153
12 years$3,694$3,268$2,885$2,543$2,237$1,830
13 years$3,375$2,953$2,578$2,245$1,951$1,564
14 years$3,102$2,685$2,316$1,993$1,710$1,344
15 years$2,865$2,452$2,091$1,777$1,506$1,159
16 years$2,658$2,250$1,896$1,591$1,331$1,003
17 years$2,476$2,072$1,725$1,430$1,180$871
18 years$2,314$1,915$1,575$1,289$1,049$757
19 years$2,169$1,775$1,442$1,164$935$660
20 years$2,039$1,649$1,323$1,054$835$577
21 years$1,922$1,536$1,217$957$748$504
22 years$1,815$1,434$1,122$870$670$442
23 years$1,718$1,341$1,036$792$601$387
24 years$1,629$1,256$958$723$541$340
25 years$1,547$1,179$887$660$486$299
26 years$1,472$1,108$823$604$438$263
27 years$1,402$1,043$764$552$395$231
28 years$1,337$983$710$506$356$204
29 years$1,277$927$661$464$322$179
30 years$1,221$876$616$426$291$158
31 years$1,169$828$574$391$263$139
32 years$1,120$783$536$360$238$123
33 years$1,075$742$500$331$215$108
34 years$1,032$703$467$304$195$96
35 years$991$667$437$280$177$84
36 years$953$633$409$258$160$74
37 years$917$601$382$238$145$66
38 years$883$571$358$219$131$58
39 years$851$543$336$202$119$51
40 years$820$517$315$186$108$45
41 years$791$492$295$172$98$40
42 years$764$468$277$159$89$35
43 years$738$446$260$146$81$31
44 years$713$425$244$135$73$28
45 years$689$406$229$125$67$24
46 years$667$387$215$115$60$22
47 years$645$369$202$107$55$19
48 years$624$353$190$98$50$17
49 years$605$337$178$91$45$15
50 years$586$322$168$84$41$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $600,000, adding $4,458 every year, while hoping to spend $54,252 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: 66/18/16 Blend
45$600,000$600,000$600,000$600,000
46$665,798$633,998$624,698$706,885
47$675,986$607,341$587,902$708,256
48$685,395$577,558$548,055$703,035
49$693,887$544,441$504,997$695,991
50$701,312$507,766$458,562$686,946
51$707,498$467,299$408,576$675,701
52$712,256$422,791$354,857$662,042
53$715,377$373,978$297,215$645,736
54$716,625$320,583$235,452$626,528
55$715,742$262,313$169,361$604,138
56$712,439$198,857$98,725$578,263
57$706,394$129,888$23,320$548,571
58$697,254$55,060$0$514,700
59$684,624$0$0$486,010
60$668,068$0$0$462,343
61$647,101$0$0$446,351
62$621,189$0$0$426,739
63$589,739$0$0$403,075
64$552,094$0$0$374,881
65$507,528$0$0$341,628
66$455,240$0$0$302,731
67$394,340$0$0$257,543
68$323,847$0$0$205,350
69$242,676$0$0$145,362
70$149,629$0$0$76,706
71$43,380$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$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