Can I retire at age 46 with 640,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.1%
1 years$52,851$52,380$51,921$51,472$51,034$50,168
2 years$26,164$25,676$25,204$24,746$24,302$23,432
3 years$17,269$16,780$16,309$15,855$15,418$14,572
4 years$12,823$12,335$11,869$11,423$10,996$10,180
5 years$10,156$9,671$9,211$8,774$8,359$7,575
6 years$8,378$7,897$7,443$7,016$6,614$5,863
7 years$7,109$6,632$6,186$5,769$5,379$4,661
8 years$6,158$5,685$5,246$4,839$4,463$3,777
9 years$5,418$4,950$4,518$4,122$3,758$3,106
10 years$4,827$4,363$3,939$3,553$3,202$2,582
11 years$4,343$3,884$3,468$3,092$2,754$2,165
12 years$3,941$3,486$3,078$2,712$2,387$1,828
13 years$3,600$3,150$2,750$2,395$2,081$1,553
14 years$3,309$2,864$2,471$2,126$1,824$1,325
15 years$3,056$2,616$2,231$1,896$1,606$1,135
16 years$2,835$2,400$2,022$1,697$1,420$975
17 years$2,641$2,210$1,840$1,525$1,259$841
18 years$2,468$2,042$1,680$1,374$1,119$726
19 years$2,314$1,893$1,538$1,242$998$628
20 years$2,175$1,759$1,411$1,125$891$545
21 years$2,050$1,638$1,298$1,021$797$473
22 years$1,936$1,529$1,197$928$715$411
23 years$1,832$1,430$1,105$845$642$358
24 years$1,737$1,340$1,022$771$577$312
25 years$1,650$1,258$946$704$519$272
26 years$1,570$1,182$878$644$467$237
27 years$1,495$1,112$815$589$421$207
28 years$1,426$1,048$758$540$380$181
29 years$1,362$989$705$495$343$158
30 years$1,303$934$657$454$310$138
31 years$1,247$883$612$417$280$121
32 years$1,195$835$571$384$254$105
33 years$1,146$791$533$353$230$92
34 years$1,100$750$498$324$208$81
35 years$1,057$711$466$299$188$71
36 years$1,016$675$436$275$171$62
37 years$978$641$408$253$155$54
38 years$942$609$382$234$140$47
39 years$908$579$358$215$127$42
40 years$875$551$335$199$115$36
41 years$844$525$315$183$105$32
42 years$815$500$295$169$95$28
43 years$787$476$277$156$86$24
44 years$760$454$260$144$78$21
45 years$735$433$244$133$71$19
46 years$711$413$229$123$64$16
47 years$688$394$215$114$59$14
48 years$666$376$202$105$53$13
49 years$645$359$190$97$48$11
50 years$625$343$179$90$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $640,000, adding $3,825 every year, while hoping to spend $33,159 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: 45/36/19 Blend
45$640,000$640,000$640,000$640,000
46$709,225$675,305$665,385$737,110
47$746,286$673,115$652,395$754,852
48$786,014$669,705$637,858$770,489
49$828,649$664,982$621,688$786,753
50$874,450$658,845$603,793$803,717
51$923,704$651,187$584,079$821,464
52$976,722$641,897$562,447$840,087
53$1,033,851$630,853$538,792$859,693
54$1,095,469$617,929$513,006$880,399
55$1,161,990$602,992$484,976$902,338
56$1,233,873$585,898$454,582$925,661
57$1,311,618$566,497$421,701$950,534
58$1,395,778$544,630$386,203$977,147
59$1,486,960$520,129$347,952$1,005,709
60$1,585,829$492,815$306,808$1,036,456
61$1,693,119$462,499$262,622$1,069,653
62$1,809,638$428,981$215,241$1,105,593
63$1,936,272$392,052$164,502$1,144,605
64$2,073,997$351,488$110,238$1,187,056
65$2,223,887$307,054$52,273$1,233,356
66$2,387,124$258,499$0$1,283,960
67$2,565,007$205,563$0$1,341,320
68$2,758,968$147,966$0$1,415,493
69$2,970,582$85,415$0$1,496,540
70$3,201,581$17,600$0$1,585,206
71$3,453,874$0$0$1,682,310
72$3,729,562$0$0$1,810,872
73$4,030,957$0$0$1,959,117
74$4,360,605$0$0$2,121,335
75$4,721,309$0$0$2,298,914
76$5,116,157$0$0$2,493,384
77$5,548,548$0$0$2,706,429
78$6,022,224$0$0$2,939,905
79$6,541,309$0$0$3,195,854
80$7,110,342$0$0$3,476,526
81$7,734,324$0$0$3,784,400
82$8,418,762$0$0$4,122,204
83$9,169,722$0$0$4,492,947
84$9,993,886$0$0$4,899,938
85$10,898,613$0$0$5,346,828
86$11,892,011$0$0$5,837,633
87$12,983,010$0$0$6,376,782
88$14,181,449$0$0$6,969,151
89$15,498,165$0$0$7,620,112
90$16,945,097$0$0$8,335,585
91$18,535,400$0$0$9,122,090
92$20,283,563$0$0$9,986,811
93$22,205,552$0$0$10,937,663
94$24,318,955$0$0$11,983,367
95$26,643,150$0$0$13,133,529
96$29,199,490$0$0$14,398,735
97$32,011,496$0$0$15,790,648
98$35,105,087$0$0$17,322,118
99$38,508,819$0$0$19,007,305
100$42,254,157$0$0$20,861,807