Can I retire at age 46 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$50,373$49,925$49,487$49,059$48,642$47,955
2 years$24,937$24,473$24,023$23,586$23,163$22,472
3 years$16,460$15,993$15,544$15,112$14,696$14,022
4 years$12,222$11,757$11,312$10,887$10,481$9,830
5 years$9,680$9,217$8,779$8,363$7,967$7,342
6 years$7,985$7,527$7,095$6,688$6,304$5,704
7 years$6,776$6,321$5,896$5,498$5,127$4,553
8 years$5,869$5,418$5,000$4,612$4,253$3,704
9 years$5,164$4,718$4,306$3,929$3,582$3,058
10 years$4,600$4,158$3,754$3,387$3,052$2,553
11 years$4,140$3,702$3,305$2,947$2,625$2,151
12 years$3,756$3,323$2,933$2,585$2,275$1,824
13 years$3,431$3,003$2,621$2,282$1,984$1,557
14 years$3,153$2,729$2,355$2,026$1,739$1,334
15 years$2,913$2,493$2,126$1,807$1,531$1,149
16 years$2,703$2,288$1,928$1,618$1,353$992
17 years$2,517$2,107$1,754$1,454$1,200$859
18 years$2,353$1,947$1,601$1,310$1,067$746
19 years$2,205$1,804$1,466$1,184$951$649
20 years$2,073$1,677$1,345$1,072$849$565
21 years$1,954$1,562$1,237$973$760$493
22 years$1,845$1,458$1,140$885$681$431
23 years$1,746$1,363$1,053$806$612$377
24 years$1,656$1,277$974$735$550$330
25 years$1,573$1,199$902$671$495$290
26 years$1,496$1,127$837$614$446$254
27 years$1,425$1,060$777$562$402$223
28 years$1,360$999$722$515$362$196
29 years$1,299$943$672$472$327$172
30 years$1,242$890$626$433$296$151
31 years$1,189$841$584$398$267$133
32 years$1,139$796$544$366$242$117
33 years$1,092$754$508$336$219$103
34 years$1,049$715$475$309$198$91
35 years$1,008$678$444$285$179$80
36 years$969$643$415$262$163$70
37 years$932$611$389$242$147$62
38 years$898$581$364$223$134$54
39 years$865$552$341$205$121$48
40 years$834$525$320$189$110$42
41 years$805$500$300$175$100$37
42 years$777$476$281$161$90$33
43 years$750$454$264$149$82$29
44 years$725$433$248$137$75$26
45 years$701$412$233$127$68$22
46 years$678$394$218$117$61$20
47 years$656$376$205$108$56$17
48 years$635$358$193$100$51$15
49 years$615$342$181$93$46$14
50 years$596$327$170$86$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $610,000, adding $2,889 every year, while hoping to spend $44,502 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: 63/29/8 Blend
45$610,000$610,000$610,000$610,000
46$675,200$642,870$633,415$716,461
47$696,721$627,021$607,285$728,504
48$718,945$608,904$578,787$736,187
49$741,897$588,360$547,797$743,435
50$765,604$565,223$514,181$750,204
51$790,092$539,315$477,803$756,449
52$815,389$510,449$438,517$762,119
53$841,525$478,427$396,173$767,163
54$868,530$443,040$350,615$771,526
55$896,436$404,065$301,676$775,148
56$925,278$361,269$249,187$777,967
57$955,089$314,404$192,968$779,919
58$985,907$263,209$132,832$780,934
59$1,017,771$207,408$68,583$780,939
60$1,050,721$146,708$18$779,856
61$1,084,800$80,802$0$777,603
62$1,120,052$9,364$0$780,340
63$1,156,525$0$0$782,139
64$1,194,268$0$0$804,605
65$1,233,334$0$0$830,955
66$1,273,778$0$0$858,237
67$1,315,659$0$0$886,491
68$1,359,038$0$0$915,759
69$1,403,981$0$0$946,087
70$1,450,558$0$0$977,521
71$1,498,841$0$0$1,010,111
72$1,548,910$0$0$1,043,912
73$1,600,847$0$0$1,078,980
74$1,654,741$0$0$1,115,375
75$1,710,686$0$0$1,153,162
76$1,768,783$0$0$1,192,410
77$1,829,140$0$0$1,233,192
78$1,891,872$0$0$1,275,588
79$1,957,101$0$0$1,319,681
80$2,024,959$0$0$1,365,562
81$2,095,588$0$0$1,413,328
82$2,169,141$0$0$1,463,084
83$2,245,779$0$0$1,514,940
84$2,325,679$0$0$1,569,019
85$2,409,030$0$0$1,625,450
86$2,496,036$0$0$1,684,373
87$2,586,917$0$0$1,745,939
88$2,681,912$0$0$1,810,313
89$2,781,275$0$0$1,877,671
90$2,885,288$0$0$1,948,205
91$2,994,249$0$0$2,022,122
92$3,108,486$0$0$2,099,648
93$3,228,354$0$0$2,181,026
94$3,354,236$0$0$2,266,521
95$3,486,551$0$0$2,356,423
96$3,625,753$0$0$2,451,045
97$3,772,336$0$0$2,550,727
98$3,926,838$0$0$2,655,842
99$4,089,845$0$0$2,766,794
100$4,261,998$0$0$2,884,025