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%14.4%
1 years$52,851$52,380$51,921$51,472$51,034$50,107
2 years$26,164$25,676$25,204$24,746$24,302$23,371
3 years$17,269$16,780$16,309$15,855$15,418$14,512
4 years$12,823$12,335$11,869$11,423$10,996$10,123
5 years$10,156$9,671$9,211$8,774$8,359$7,520
6 years$8,378$7,897$7,443$7,016$6,614$5,811
7 years$7,109$6,632$6,186$5,769$5,379$4,612
8 years$6,158$5,685$5,246$4,839$4,463$3,731
9 years$5,418$4,950$4,518$4,122$3,758$3,062
10 years$4,827$4,363$3,939$3,553$3,202$2,541
11 years$4,343$3,884$3,468$3,092$2,754$2,127
12 years$3,941$3,486$3,078$2,712$2,387$1,793
13 years$3,600$3,150$2,750$2,395$2,081$1,520
14 years$3,309$2,864$2,471$2,126$1,824$1,294
15 years$3,056$2,616$2,231$1,896$1,606$1,106
16 years$2,835$2,400$2,022$1,697$1,420$949
17 years$2,641$2,210$1,840$1,525$1,259$816
18 years$2,468$2,042$1,680$1,374$1,119$703
19 years$2,314$1,893$1,538$1,242$998$607
20 years$2,175$1,759$1,411$1,125$891$525
21 years$2,050$1,638$1,298$1,021$797$455
22 years$1,936$1,529$1,197$928$715$394
23 years$1,832$1,430$1,105$845$642$342
24 years$1,737$1,340$1,022$771$577$298
25 years$1,650$1,258$946$704$519$259
26 years$1,570$1,182$878$644$467$225
27 years$1,495$1,112$815$589$421$196
28 years$1,426$1,048$758$540$380$171
29 years$1,362$989$705$495$343$149
30 years$1,303$934$657$454$310$130
31 years$1,247$883$612$417$280$113
32 years$1,195$835$571$384$254$99
33 years$1,146$791$533$353$230$86
34 years$1,100$750$498$324$208$75
35 years$1,057$711$466$299$188$66
36 years$1,016$675$436$275$171$57
37 years$978$641$408$253$155$50
38 years$942$609$382$234$140$44
39 years$908$579$358$215$127$38
40 years$875$551$335$199$115$33
41 years$844$525$315$183$105$29
42 years$815$500$295$169$95$25
43 years$787$476$277$156$86$22
44 years$760$454$260$144$78$19
45 years$735$433$244$133$71$17
46 years$711$413$229$123$64$15
47 years$688$394$215$114$59$13
48 years$666$376$202$105$53$11
49 years$645$359$190$97$48$10
50 years$625$343$179$90$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $640,000, adding $6,142 every year, while hoping to spend $21,965 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: 59/12/29 Blend
45$640,000$640,000$640,000$640,000
46$711,615$677,695$667,775$747,649
47$760,830$687,532$666,775$782,836
48$814,328$697,114$665,006$818,351
49$872,523$706,407$662,417$856,640
50$935,871$715,371$658,959$897,979
51$1,004,872$723,967$654,576$942,672
52$1,080,078$732,151$649,214$991,056
53$1,162,096$739,876$642,812$1,043,501
54$1,251,593$747,092$635,309$1,100,416
55$1,349,303$753,748$626,640$1,162,255
56$1,456,037$759,786$616,737$1,229,514
57$1,572,684$765,147$605,530$1,302,746
58$1,700,225$769,767$592,942$1,382,555
59$1,839,740$773,578$578,898$1,469,614
60$1,992,418$776,507$563,315$1,564,661
61$2,159,567$778,478$546,109$1,668,513
62$2,342,629$779,410$527,189$1,782,069
63$2,543,190$779,214$506,464$1,906,322
64$2,763,000$777,800$483,834$2,042,370
65$3,003,983$775,070$459,200$2,191,420
66$3,268,260$770,919$432,454$2,354,806
67$3,558,166$765,237$403,485$2,534,000
68$3,876,274$757,909$372,176$2,730,625
69$4,225,417$748,809$338,407$2,946,471
70$4,608,715$737,807$302,049$3,183,512
71$5,029,608$724,763$262,972$3,443,928
72$5,491,882$709,531$221,036$3,730,121
73$5,999,710$691,953$176,096$4,044,739
74$6,557,687$671,866$128,002$4,390,707
75$7,170,877$649,093$76,596$4,771,246
76$7,844,858$623,450$21,714$5,189,911
77$8,585,776$594,742$0$5,650,622
78$9,400,401$562,759$0$6,169,104
79$10,296,191$527,285$0$6,746,633
80$11,281,367$488,085$0$7,381,795
81$12,364,982$444,917$0$8,080,447
82$13,557,012$397,520$0$8,849,042
83$14,868,449$345,621$0$9,694,691
84$16,311,405$288,930$0$10,625,232
85$17,899,223$227,143$0$11,649,303
86$19,646,607$159,935$0$12,776,420
87$21,569,755$86,967$0$14,017,075
88$23,686,520$7,878$0$15,382,828
89$26,016,569$0$0$16,886,417
90$28,581,575$0$0$18,552,145
91$31,405,417$0$0$20,387,173
92$34,514,410$0$0$22,407,571
93$37,937,549$0$0$24,632,187
94$41,706,781$0$0$27,081,794
95$45,857,312$0$0$29,779,280
96$50,427,936$0$0$32,749,867
97$55,461,398$0$0$36,021,346
98$61,004,803$0$0$39,624,343
99$67,110,054$0$0$43,592,603
100$73,834,348$0$0$47,963,312