Can I retire at age 46 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$52,025$51,561$51,109$50,668$50,237$48,339
2 years$25,755$25,275$24,810$24,360$23,922$22,033
3 years$16,999$16,518$16,054$15,607$15,177$13,355
4 years$12,622$12,142$11,683$11,244$10,825$9,083
5 years$9,997$9,520$9,067$8,637$8,229$6,573
6 years$8,247$7,773$7,327$6,907$6,511$4,942
7 years$6,998$6,528$6,089$5,678$5,295$3,813
8 years$6,061$5,596$5,164$4,764$4,393$2,995
9 years$5,333$4,872$4,448$4,057$3,699$2,385
10 years$4,751$4,295$3,878$3,498$3,152$1,918
11 years$4,275$3,823$3,414$3,044$2,711$1,555
12 years$3,879$3,432$3,030$2,670$2,349$1,268
13 years$3,544$3,101$2,707$2,357$2,049$1,039
14 years$3,257$2,819$2,432$2,092$1,796$855
15 years$3,008$2,575$2,196$1,866$1,581$706
16 years$2,791$2,363$1,991$1,671$1,397$584
17 years$2,600$2,176$1,812$1,501$1,239$484
18 years$2,430$2,011$1,654$1,353$1,102$402
19 years$2,278$1,863$1,514$1,222$982$334
20 years$2,141$1,732$1,389$1,107$877$278
21 years$2,018$1,613$1,278$1,005$785$232
22 years$1,906$1,506$1,178$914$704$194
23 years$1,804$1,408$1,088$832$632$162
24 years$1,710$1,319$1,006$759$568$135
25 years$1,624$1,238$932$693$511$113
26 years$1,545$1,164$864$634$460$94
27 years$1,472$1,095$802$580$415$79
28 years$1,404$1,032$746$531$374$66
29 years$1,341$973$694$487$338$55
30 years$1,282$919$646$447$305$46
31 years$1,228$869$603$411$276$39
32 years$1,176$822$562$378$250$32
33 years$1,128$779$525$347$226$27
34 years$1,083$738$491$319$205$23
35 years$1,041$700$459$294$185$19
36 years$1,001$664$429$271$168$16
37 years$963$631$402$250$152$13
38 years$927$600$376$230$138$11
39 years$893$570$352$212$125$9
40 years$861$543$330$196$114$8
41 years$831$517$310$180$103$7
42 years$802$492$290$167$93$5
43 years$775$469$273$154$85$5
44 years$749$447$256$142$77$4
45 years$724$426$240$131$70$3
46 years$700$406$226$121$63$3
47 years$677$388$212$112$58$2
48 years$656$370$199$103$52$2
49 years$635$354$187$96$48$2
50 years$615$338$176$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $630,000, adding $6,561 every year, while hoping to spend $26,959 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: 36/38/26 Blend
45$630,000$630,000$630,000$630,000
46$701,028$667,638$657,873$720,589
47$743,848$671,668$651,227$739,668
48$790,133$674,992$643,456$757,325
49$840,207$677,547$634,492$775,860
50$894,427$679,265$624,266$795,369
51$953,186$680,077$612,706$815,960
52$1,016,915$679,905$599,736$837,755
53$1,086,090$678,669$585,277$860,887
54$1,161,232$676,285$569,244$885,509
55$1,242,916$672,661$551,552$911,788
56$1,331,773$667,702$532,109$939,912
57$1,428,500$661,305$510,821$970,092
58$1,533,861$653,363$487,587$1,002,560
59$1,648,697$643,760$462,304$1,037,578
60$1,773,936$632,376$434,863$1,075,435
61$1,910,597$619,082$405,151$1,116,455
62$2,059,803$603,742$373,048$1,160,996
63$2,222,789$586,211$338,431$1,209,458
64$2,400,915$566,338$301,170$1,262,285
65$2,595,680$543,959$261,131$1,319,970
66$2,808,731$518,905$218,171$1,383,062
67$3,041,885$490,995$172,142$1,452,169
68$3,297,140$460,037$122,892$1,527,967
69$3,576,698$425,829$70,259$1,611,206
70$3,882,984$388,157$14,075$1,702,716
71$4,218,667$346,795$0$1,803,420
72$4,586,687$301,504$0$1,927,069
73$4,990,284$252,033$0$2,067,062
74$5,433,024$198,113$0$2,220,798
75$5,918,836$139,464$0$2,389,724
76$6,452,047$75,788$0$2,575,436
77$7,037,425$6,770$0$2,779,701
78$7,680,220$0$0$3,004,469
79$8,386,218$0$0$3,280,295
80$9,161,789$0$0$3,586,509
81$10,013,954$0$0$3,923,064
82$10,950,447$0$0$4,293,024
83$11,979,786$0$0$4,699,770
84$13,111,359$0$0$5,147,022
85$14,355,505$0$0$5,638,883
86$15,723,618$0$0$6,179,869
87$17,228,250$0$0$6,774,960
88$18,883,230$0$0$7,429,639
89$20,703,796$0$0$8,149,950
90$22,706,735$0$0$8,942,550
91$24,910,546$0$0$9,814,778
92$27,335,608$0$0$10,774,715
93$30,004,379$0$0$11,831,269
94$32,941,602$0$0$12,994,254
95$36,174,539$0$0$14,274,483
96$39,733,233$0$0$15,683,872
97$43,650,783$0$0$17,235,551
98$47,963,663$0$0$18,943,987
99$52,712,063$0$0$20,825,121
100$57,940,267$0$0$22,896,520