Can I retire at age 46 with 620,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$51,199$50,743$50,298$49,864$49,440$48,944
2 years$25,346$24,874$24,417$23,973$23,543$23,043
3 years$16,730$16,255$15,799$15,360$14,936$14,449
4 years$12,422$11,949$11,498$11,066$10,653$10,181
5 years$9,838$9,369$8,923$8,500$8,098$7,643
6 years$8,116$7,650$7,211$6,797$6,408$5,971
7 years$6,887$6,425$5,992$5,588$5,211$4,792
8 years$5,965$5,507$5,082$4,688$4,323$3,922
9 years$5,249$4,795$4,377$3,993$3,641$3,257
10 years$4,676$4,226$3,816$3,442$3,102$2,736
11 years$4,207$3,763$3,360$2,996$2,668$2,318
12 years$3,817$3,377$2,982$2,628$2,312$1,979
13 years$3,488$3,052$2,664$2,320$2,016$1,700
14 years$3,205$2,774$2,393$2,059$1,767$1,467
15 years$2,961$2,534$2,161$1,836$1,556$1,271
16 years$2,747$2,325$1,959$1,644$1,375$1,105
17 years$2,558$2,141$1,783$1,477$1,219$964
18 years$2,391$1,979$1,627$1,331$1,084$843
19 years$2,242$1,834$1,490$1,203$966$739
20 years$2,107$1,704$1,367$1,090$863$648
21 years$1,986$1,587$1,258$989$772$570
22 years$1,875$1,482$1,159$899$692$502
23 years$1,775$1,386$1,070$819$622$443
24 years$1,683$1,298$990$747$559$391
25 years$1,598$1,218$917$682$503$345
26 years$1,521$1,145$850$624$453$305
27 years$1,449$1,078$790$571$408$270
28 years$1,382$1,016$734$523$368$239
29 years$1,320$958$683$480$333$212
30 years$1,262$905$636$440$301$188
31 years$1,208$855$593$404$272$166
32 years$1,158$809$553$372$246$148
33 years$1,110$766$517$342$222$131
34 years$1,066$726$483$314$201$116
35 years$1,024$689$451$289$182$103
36 years$985$654$422$267$165$92
37 years$948$621$395$246$150$81
38 years$912$590$370$226$136$72
39 years$879$561$347$209$123$64
40 years$848$534$325$192$112$57
41 years$818$508$305$178$101$51
42 years$789$484$286$164$92$45
43 years$762$461$268$151$83$40
44 years$737$440$252$140$76$36
45 years$712$419$236$129$69$32
46 years$689$400$222$119$62$28
47 years$667$382$209$110$57$25
48 years$645$364$196$102$51$22
49 years$625$348$184$94$47$20
50 years$605$332$173$87$42$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $620,000, adding $2,607 every year, while hoping to spend $45,658 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: 37/48/15 Blend
45$620,000$620,000$620,000$620,000
46$685,929$653,069$643,459$708,088
47$707,314$636,490$616,435$707,669
48$729,350$617,568$586,976$702,660
49$752,055$596,140$554,951$696,269
50$775,448$572,034$520,225$688,394
51$799,548$545,068$482,657$678,929
52$824,373$515,048$442,097$667,763
53$849,944$481,769$398,392$654,776
54$876,279$445,017$351,379$639,843
55$903,400$404,563$300,890$622,830
56$931,326$360,166$246,749$603,598
57$960,077$311,570$188,771$581,998
58$989,674$258,506$126,764$557,873
59$1,020,137$200,689$60,527$531,057
60$1,051,487$137,819$0$501,374
61$1,083,745$69,579$0$470,266
62$1,116,932$0$0$446,354
63$1,151,066$0$0$422,078
64$1,186,168$0$0$434,902
65$1,222,259$0$0$448,082
66$1,259,356$0$0$461,624
67$1,297,479$0$0$475,534
68$1,336,645$0$0$489,818
69$1,376,870$0$0$504,482
70$1,418,171$0$0$519,529
71$1,460,562$0$0$534,963
72$1,504,055$0$0$550,790
73$1,548,662$0$0$567,010
74$1,594,392$0$0$583,626
75$1,641,250$0$0$600,638
76$1,689,242$0$0$618,046
77$1,738,367$0$0$635,848
78$1,788,622$0$0$654,042
79$1,840,002$0$0$672,621
80$1,892,493$0$0$691,578
81$1,946,080$0$0$710,906
82$2,000,741$0$0$730,592
83$2,056,446$0$0$750,621
84$2,113,159$0$0$770,978
85$2,170,836$0$0$791,640
86$2,229,424$0$0$812,583
87$2,288,858$0$0$833,779
88$2,349,063$0$0$855,193
89$2,409,952$0$0$876,787
90$2,471,421$0$0$898,517
91$2,533,354$0$0$920,330
92$2,595,614$0$0$942,168
93$2,658,046$0$0$963,965
94$2,720,473$0$0$985,645
95$2,782,694$0$0$1,007,121
96$2,844,480$0$0$1,028,298
97$2,905,574$0$0$1,049,066
98$2,965,685$0$0$1,069,302
99$3,024,485$0$0$1,088,870
100$3,081,606$0$0$1,107,614