Can I retire at age 46 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$51,199$50,743$50,298$49,864$49,440$47,972
2 years$25,346$24,874$24,417$23,973$23,543$22,077
3 years$16,730$16,255$15,799$15,360$14,936$13,517
4 years$12,422$11,949$11,498$11,066$10,653$9,292
5 years$9,838$9,369$8,923$8,500$8,098$6,799
6 years$8,116$7,650$7,211$6,797$6,408$5,171
7 years$6,887$6,425$5,992$5,588$5,211$4,038
8 years$5,965$5,507$5,082$4,688$4,323$3,212
9 years$5,249$4,795$4,377$3,993$3,641$2,590
10 years$4,676$4,226$3,816$3,442$3,102$2,111
11 years$4,207$3,763$3,360$2,996$2,668$1,735
12 years$3,817$3,377$2,982$2,628$2,312$1,435
13 years$3,488$3,052$2,664$2,320$2,016$1,193
14 years$3,205$2,774$2,393$2,059$1,767$996
15 years$2,961$2,534$2,161$1,836$1,556$834
16 years$2,747$2,325$1,959$1,644$1,375$701
17 years$2,558$2,141$1,783$1,477$1,219$590
18 years$2,391$1,979$1,627$1,331$1,084$498
19 years$2,242$1,834$1,490$1,203$966$421
20 years$2,107$1,704$1,367$1,090$863$356
21 years$1,986$1,587$1,258$989$772$301
22 years$1,875$1,482$1,159$899$692$256
23 years$1,775$1,386$1,070$819$622$217
24 years$1,683$1,298$990$747$559$184
25 years$1,598$1,218$917$682$503$157
26 years$1,521$1,145$850$624$453$133
27 years$1,449$1,078$790$571$408$113
28 years$1,382$1,016$734$523$368$96
29 years$1,320$958$683$480$333$82
30 years$1,262$905$636$440$301$70
31 years$1,208$855$593$404$272$59
32 years$1,158$809$553$372$246$51
33 years$1,110$766$517$342$222$43
34 years$1,066$726$483$314$201$37
35 years$1,024$689$451$289$182$31
36 years$985$654$422$267$165$27
37 years$948$621$395$246$150$23
38 years$912$590$370$226$136$19
39 years$879$561$347$209$123$16
40 years$848$534$325$192$112$14
41 years$818$508$305$178$101$12
42 years$789$484$286$164$92$10
43 years$762$461$268$151$83$9
44 years$737$440$252$140$76$7
45 years$712$419$236$129$69$6
46 years$689$400$222$119$62$5
47 years$667$382$209$110$57$5
48 years$645$364$196$102$51$4
49 years$625$348$184$94$47$3
50 years$605$332$173$87$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $620,000, adding $2,397 every year, while hoping to spend $27,470 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: 59/22/19 Blend
45$620,000$620,000$620,000$620,000
46$685,713$652,853$643,243$722,621
47$726,427$655,614$635,563$750,674
48$770,374$657,591$626,706$778,035
49$817,854$658,715$616,603$807,255
50$869,198$658,914$605,181$838,516
51$924,768$658,112$592,366$872,023
52$984,963$656,229$578,080$908,002
53$1,050,224$653,179$562,240$946,702
54$1,121,032$648,870$544,760$988,399
55$1,197,919$643,206$525,551$1,033,398
56$1,281,468$636,085$504,519$1,082,038
57$1,372,322$627,397$481,564$1,134,691
58$1,471,188$617,029$456,586$1,191,771
59$1,578,843$604,857$429,475$1,253,734
60$1,696,143$590,753$400,121$1,321,084
61$1,824,030$574,580$368,405$1,394,380
62$1,963,540$556,194$334,206$1,474,238
63$2,115,814$535,440$297,395$1,561,339
64$2,282,108$512,158$257,838$1,656,436
65$2,463,804$486,174$215,397$1,760,361
66$2,662,424$457,309$169,924$1,874,034
67$2,879,643$425,369$121,269$1,998,469
68$3,117,307$390,152$69,272$2,134,787
69$3,377,447$351,444$13,767$2,284,229
70$3,662,299$309,018$0$2,448,162
71$3,974,328$262,634$0$2,637,315
72$4,316,245$212,039$0$2,847,716
73$4,691,039$156,965$0$3,078,451
74$5,102,000$97,132$0$3,331,596
75$5,552,751$32,239$0$3,609,436
76$6,047,286$0$0$3,914,495
77$6,589,999$0$0$4,258,761
78$7,185,735$0$0$4,645,280
79$7,839,828$0$0$5,069,715
80$8,558,155$0$0$5,535,888
81$9,347,189$0$0$6,048,006
82$10,214,061$0$0$6,610,705
83$11,166,629$0$0$7,229,091
84$12,213,546$0$0$7,908,793
85$13,364,349$0$0$8,656,007
86$14,629,541$0$0$9,477,563
87$16,020,698$0$0$10,380,985
88$17,550,569$0$0$11,374,563
89$19,233,203$0$0$12,467,430
90$21,084,079$0$0$13,669,647
91$23,120,250$0$0$14,992,303
92$25,360,507$0$0$16,447,613
93$27,825,553$0$0$18,049,036
94$30,538,200$0$0$19,811,403
95$33,523,581$0$0$21,751,055
96$36,809,392$0$0$23,885,996
97$40,426,147$0$0$26,236,066
98$44,407,470$0$0$28,823,124
99$48,790,410$0$0$31,671,258
100$53,615,792$0$0$34,807,009