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%15.3%
1 years$52,851$52,380$51,921$51,472$51,034$49,922
2 years$26,164$25,676$25,204$24,746$24,302$23,187
3 years$17,269$16,780$16,309$15,855$15,418$14,336
4 years$12,823$12,335$11,869$11,423$10,996$9,954
5 years$10,156$9,671$9,211$8,774$8,359$7,360
6 years$8,378$7,897$7,443$7,016$6,614$5,660
7 years$7,109$6,632$6,186$5,769$5,379$4,469
8 years$6,158$5,685$5,246$4,839$4,463$3,597
9 years$5,418$4,950$4,518$4,122$3,758$2,936
10 years$4,827$4,363$3,939$3,553$3,202$2,423
11 years$4,343$3,884$3,468$3,092$2,754$2,017
12 years$3,941$3,486$3,078$2,712$2,387$1,690
13 years$3,600$3,150$2,750$2,395$2,081$1,424
14 years$3,309$2,864$2,471$2,126$1,824$1,205
15 years$3,056$2,616$2,231$1,896$1,606$1,024
16 years$2,835$2,400$2,022$1,697$1,420$872
17 years$2,641$2,210$1,840$1,525$1,259$745
18 years$2,468$2,042$1,680$1,374$1,119$638
19 years$2,314$1,893$1,538$1,242$998$547
20 years$2,175$1,759$1,411$1,125$891$470
21 years$2,050$1,638$1,298$1,021$797$405
22 years$1,936$1,529$1,197$928$715$348
23 years$1,832$1,430$1,105$845$642$300
24 years$1,737$1,340$1,022$771$577$259
25 years$1,650$1,258$946$704$519$224
26 years$1,570$1,182$878$644$467$193
27 years$1,495$1,112$815$589$421$167
28 years$1,426$1,048$758$540$380$145
29 years$1,362$989$705$495$343$125
30 years$1,303$934$657$454$310$108
31 years$1,247$883$612$417$280$94
32 years$1,195$835$571$384$254$81
33 years$1,146$791$533$353$230$70
34 years$1,100$750$498$324$208$61
35 years$1,057$711$466$299$188$53
36 years$1,016$675$436$275$171$46
37 years$978$641$408$253$155$40
38 years$942$609$382$234$140$34
39 years$908$579$358$215$127$30
40 years$875$551$335$199$115$26
41 years$844$525$315$183$105$22
42 years$815$500$295$169$95$19
43 years$787$476$277$156$86$17
44 years$760$454$260$144$78$15
45 years$735$433$244$133$71$13
46 years$711$413$229$123$64$11
47 years$688$394$215$114$59$9
48 years$666$376$202$105$53$8
49 years$645$359$190$97$48$7
50 years$625$343$179$90$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $640,000, adding $3,838 every year, while hoping to spend $27,588 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: 47/25/28 Blend
45$640,000$640,000$640,000$640,000
46$709,239$675,319$665,399$736,723
47$752,228$679,056$658,336$760,243
48$798,677$682,052$650,113$782,771
49$848,910$684,241$640,660$806,694
50$903,284$685,553$629,906$832,156
51$962,188$685,914$617,777$859,321
52$1,026,054$685,247$604,196$888,367
53$1,095,355$683,467$589,080$919,495
54$1,170,610$680,487$572,343$952,925
55$1,252,393$676,211$553,897$988,905
56$1,341,333$670,541$533,648$1,027,706
57$1,438,122$663,370$511,499$1,069,632
58$1,543,522$654,588$487,346$1,115,018
59$1,658,374$644,075$461,084$1,164,238
60$1,783,598$631,704$432,601$1,217,703
61$1,920,211$617,344$401,779$1,275,872
62$2,069,332$600,853$368,498$1,339,251
63$2,232,191$582,082$332,629$1,408,402
64$2,410,142$560,872$294,040$1,483,947
65$2,604,678$537,056$252,592$1,566,574
66$2,817,441$510,458$208,140$1,657,045
67$3,050,239$480,889$160,531$1,756,205
68$3,305,062$448,152$109,608$1,864,987
69$3,584,105$412,037$55,206$1,984,424
70$3,889,780$372,324$0$2,115,658
71$4,224,747$328,777$0$2,260,805
72$4,591,935$281,151$0$2,438,069
73$4,994,568$229,183$0$2,632,538
74$5,436,198$172,597$0$2,845,982
75$5,920,739$111,103$0$3,080,348
76$6,452,500$44,392$0$3,337,789
77$7,036,227$0$0$3,620,677
78$7,677,149$0$0$3,939,294
79$8,381,028$0$0$4,302,695
80$9,154,208$0$0$4,701,953
81$10,003,678$0$0$5,140,688
82$10,937,141$0$0$5,622,886
83$11,963,080$0$0$6,152,941
84$13,090,840$0$0$6,735,691
85$14,330,718$0$0$7,376,470
86$15,694,060$0$0$8,081,150
87$17,193,363$0$0$8,856,205
88$18,842,397$0$0$9,708,765
89$20,656,336$0$0$10,646,687
90$22,651,895$0$0$11,678,627
91$24,847,493$0$0$12,814,124
92$27,263,422$0$0$14,063,685
93$29,922,042$0$0$15,438,891
94$32,847,991$0$0$16,952,501
95$36,068,415$0$0$18,618,573
96$39,613,224$0$0$20,452,596
97$43,515,378$0$0$22,471,640
98$47,811,193$0$0$24,694,513
99$52,540,683$0$0$27,141,937
100$57,747,943$0$0$29,836,750