Can I retire at age 46 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$52,851$52,380$51,921$51,472$51,034$49,010
2 years$26,164$25,676$25,204$24,746$24,302$22,287
3 years$17,269$16,780$16,309$15,855$15,418$13,477
4 years$12,823$12,335$11,869$11,423$10,996$9,143
5 years$10,156$9,671$9,211$8,774$8,359$6,599
6 years$8,378$7,897$7,443$7,016$6,614$4,948
7 years$7,109$6,632$6,186$5,769$5,379$3,806
8 years$6,158$5,685$5,246$4,839$4,463$2,981
9 years$5,418$4,950$4,518$4,122$3,758$2,367
10 years$4,827$4,363$3,939$3,553$3,202$1,897
11 years$4,343$3,884$3,468$3,092$2,754$1,533
12 years$3,941$3,486$3,078$2,712$2,387$1,246
13 years$3,600$3,150$2,750$2,395$2,081$1,018
14 years$3,309$2,864$2,471$2,126$1,824$834
15 years$3,056$2,616$2,231$1,896$1,606$686
16 years$2,835$2,400$2,022$1,697$1,420$566
17 years$2,641$2,210$1,840$1,525$1,259$467
18 years$2,468$2,042$1,680$1,374$1,119$387
19 years$2,314$1,893$1,538$1,242$998$320
20 years$2,175$1,759$1,411$1,125$891$266
21 years$2,050$1,638$1,298$1,021$797$221
22 years$1,936$1,529$1,197$928$715$183
23 years$1,832$1,430$1,105$845$642$152
24 years$1,737$1,340$1,022$771$577$127
25 years$1,650$1,258$946$704$519$106
26 years$1,570$1,182$878$644$467$88
27 years$1,495$1,112$815$589$421$73
28 years$1,426$1,048$758$540$380$61
29 years$1,362$989$705$495$343$51
30 years$1,303$934$657$454$310$42
31 years$1,247$883$612$417$280$35
32 years$1,195$835$571$384$254$29
33 years$1,146$791$533$353$230$25
34 years$1,100$750$498$324$208$20
35 years$1,057$711$466$299$188$17
36 years$1,016$675$436$275$171$14
37 years$978$641$408$253$155$12
38 years$942$609$382$234$140$10
39 years$908$579$358$215$127$8
40 years$875$551$335$199$115$7
41 years$844$525$315$183$105$6
42 years$815$500$295$169$95$5
43 years$787$476$277$156$86$4
44 years$760$454$260$144$78$3
45 years$735$433$244$133$71$3
46 years$711$413$229$123$64$2
47 years$688$394$215$114$59$2
48 years$666$376$202$105$53$2
49 years$645$359$190$97$48$1
50 years$625$343$179$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $640,000, adding $2,462 every year, while hoping to spend $37,774 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: 50/28/22 Blend
45$640,000$640,000$640,000$640,000
46$707,820$673,900$663,980$738,732
47$739,826$666,729$646,032$753,261
48$773,831$657,942$626,216$765,003
49$809,998$647,418$604,431$776,981
50$848,508$635,031$580,570$789,233
51$889,556$620,648$554,519$801,803
52$933,358$604,127$526,163$814,741
53$980,149$585,318$495,378$828,106
54$1,030,188$564,062$462,037$841,963
55$1,083,758$540,192$426,006$856,390
56$1,141,170$513,529$387,145$871,474
57$1,202,764$483,887$345,309$887,314
58$1,268,914$451,065$300,345$904,023
59$1,340,030$414,855$252,094$921,730
60$1,416,564$375,034$200,390$940,580
61$1,499,009$331,366$145,059$960,738
62$1,587,910$283,605$85,919$982,388
63$1,683,862$231,487$22,783$1,005,739
64$1,787,522$174,736$0$1,031,028
65$1,899,610$113,059$0$1,068,986
66$2,020,919$46,147$0$1,115,831
67$2,152,319$0$0$1,166,591
68$2,294,768$0$0$1,229,805
69$2,449,318$0$0$1,313,872
70$2,617,128$0$0$1,405,210
71$2,799,471$0$0$1,504,521
72$2,997,747$0$0$1,612,575
73$3,213,499$0$0$1,730,220
74$3,448,422$0$0$1,858,389
75$3,704,382$0$0$1,998,110
76$3,983,433$0$0$2,150,512
77$4,287,835$0$0$2,316,841
78$4,620,077$0$0$2,498,464
79$4,982,895$0$0$2,696,890
80$5,379,305$0$0$2,913,779
81$5,812,627$0$0$3,150,957
82$6,286,512$0$0$3,410,436
83$6,804,986$0$0$3,694,432
84$7,372,477$0$0$4,005,384
85$7,993,864$0$0$4,345,977
86$8,674,519$0$0$4,719,171
87$9,420,356$0$0$5,128,222
88$10,237,891$0$0$5,576,718
89$11,134,300$0$0$6,068,612
90$12,117,485$0$0$6,608,256
91$13,196,151$0$0$7,200,444
92$14,379,885$0$0$7,850,456
93$15,679,249$0$0$8,564,110
94$17,105,875$0$0$9,347,814
95$18,672,578$0$0$10,208,625
96$20,393,474$0$0$11,154,320
97$22,284,116$0$0$12,193,466
98$24,361,634$0$0$13,335,498
99$26,644,901$0$0$14,590,814
100$29,154,711$0$0$15,970,867