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%18%
1 years$51,199$50,743$50,298$49,864$49,440$47,838
2 years$25,346$24,874$24,417$23,973$23,543$21,944
3 years$16,730$16,255$15,799$15,360$14,936$13,391
4 years$12,422$11,949$11,498$11,066$10,653$9,172
5 years$9,838$9,369$8,923$8,500$8,098$6,687
6 years$8,116$7,650$7,211$6,797$6,408$5,067
7 years$6,887$6,425$5,992$5,588$5,211$3,940
8 years$5,965$5,507$5,082$4,688$4,323$3,121
9 years$5,249$4,795$4,377$3,993$3,641$2,506
10 years$4,676$4,226$3,816$3,442$3,102$2,034
11 years$4,207$3,763$3,360$2,996$2,668$1,664
12 years$3,817$3,377$2,982$2,628$2,312$1,369
13 years$3,488$3,052$2,664$2,320$2,016$1,133
14 years$3,205$2,774$2,393$2,059$1,767$941
15 years$2,961$2,534$2,161$1,836$1,556$785
16 years$2,747$2,325$1,959$1,644$1,375$656
17 years$2,558$2,141$1,783$1,477$1,219$549
18 years$2,391$1,979$1,627$1,331$1,084$461
19 years$2,242$1,834$1,490$1,203$966$388
20 years$2,107$1,704$1,367$1,090$863$326
21 years$1,986$1,587$1,258$989$772$275
22 years$1,875$1,482$1,159$899$692$232
23 years$1,775$1,386$1,070$819$622$196
24 years$1,683$1,298$990$747$559$165
25 years$1,598$1,218$917$682$503$140
26 years$1,521$1,145$850$624$453$118
27 years$1,449$1,078$790$571$408$100
28 years$1,382$1,016$734$523$368$84
29 years$1,320$958$683$480$333$71
30 years$1,262$905$636$440$301$60
31 years$1,208$855$593$404$272$51
32 years$1,158$809$553$372$246$43
33 years$1,110$766$517$342$222$37
34 years$1,066$726$483$314$201$31
35 years$1,024$689$451$289$182$26
36 years$985$654$422$267$165$22
37 years$948$621$395$246$150$19
38 years$912$590$370$226$136$16
39 years$879$561$347$209$123$14
40 years$848$534$325$192$112$11
41 years$818$508$305$178$101$10
42 years$789$484$286$164$92$8
43 years$762$461$268$151$83$7
44 years$737$440$252$140$76$6
45 years$712$419$236$129$69$5
46 years$689$400$222$119$62$4
47 years$667$382$209$110$57$4
48 years$645$364$196$102$51$3
49 years$625$348$184$94$47$3
50 years$605$332$173$87$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $620,000, adding $4,567 every year, while hoping to spend $38,185 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: 42/37/21 Blend
45$620,000$620,000$620,000$620,000
46$687,951$655,091$645,481$712,443
47$717,493$646,562$626,476$721,765
48$748,769$636,335$605,555$727,818
49$781,915$624,287$582,612$733,593
50$817,080$610,287$557,540$739,086
51$854,428$594,196$530,222$744,293
52$894,136$575,868$500,541$749,215
53$936,400$555,148$468,371$753,854
54$981,433$531,870$433,582$758,217
55$1,029,470$505,862$396,037$762,315
56$1,080,766$476,940$355,595$766,165
57$1,135,602$444,908$312,105$769,789
58$1,194,286$409,561$265,414$773,217
59$1,257,156$370,683$215,358$776,484
60$1,324,583$328,042$161,769$779,637
61$1,396,971$281,397$104,469$782,731
62$1,474,767$230,491$43,274$785,833
63$1,558,460$175,052$0$789,022
64$1,648,589$114,795$0$797,330
65$1,745,741$49,417$0$816,598
66$1,850,567$0$0$837,295
67$1,963,778$0$0$868,335
68$2,086,157$0$0$923,698
69$2,218,564$0$0$983,663
70$2,361,945$0$0$1,048,665
71$2,517,338$0$0$1,119,184
72$2,685,887$0$0$1,195,748
73$2,868,850$0$0$1,278,938
74$3,067,609$0$0$1,369,392
75$3,283,684$0$0$1,467,812
76$3,518,748$0$0$1,574,971
77$3,774,644$0$0$1,691,720
78$4,053,396$0$0$1,818,994
79$4,357,233$0$0$1,957,824
80$4,688,609$0$0$2,109,343
81$5,050,224$0$0$2,274,800
82$5,445,050$0$0$2,455,568
83$5,876,358$0$0$2,653,160
84$6,347,752$0$0$2,869,240
85$6,863,196$0$0$3,105,642
86$7,427,056$0$0$3,364,385
87$8,044,141$0$0$3,647,692
88$8,719,742$0$0$3,958,011
89$9,459,691$0$0$4,298,037
90$10,270,407$0$0$4,670,740
91$11,158,959$0$0$5,079,388
92$12,133,134$0$0$5,527,585
93$13,201,507$0$0$6,019,295
94$14,373,525$0$0$6,558,889
95$15,659,591$0$0$7,151,178
96$17,071,164$0$0$7,801,464
97$18,620,868$0$0$8,515,587
98$20,322,608$0$0$9,299,979
99$22,191,701$0$0$10,161,727
100$24,245,022$0$0$11,108,637