Can I retire at age 46 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$55,328$54,835$54,354$53,885$53,427$52,477
2 years$27,390$26,880$26,386$25,906$25,441$24,488
3 years$18,079$17,566$17,073$16,598$16,141$15,213
4 years$13,424$12,913$12,425$11,958$11,512$10,617
5 years$10,632$10,124$9,642$9,185$8,751$7,892
6 years$8,771$8,267$7,792$7,345$6,924$6,102
7 years$7,442$6,943$6,476$6,039$5,631$4,845
8 years$6,446$5,951$5,492$5,066$4,672$3,922
9 years$5,672$5,182$4,730$4,315$3,934$3,221
10 years$5,053$4,567$4,124$3,720$3,352$2,674
11 years$4,547$4,066$3,630$3,237$2,883$2,240
12 years$4,125$3,649$3,222$2,839$2,498$1,889
13 years$3,769$3,298$2,879$2,507$2,179$1,602
14 years$3,464$2,998$2,586$2,225$1,910$1,365
15 years$3,199$2,739$2,335$1,985$1,682$1,168
16 years$2,968$2,513$2,117$1,777$1,486$1,002
17 years$2,765$2,314$1,927$1,597$1,318$863
18 years$2,584$2,138$1,759$1,439$1,172$744
19 years$2,422$1,982$1,610$1,300$1,044$643
20 years$2,277$1,841$1,478$1,178$933$556
21 years$2,146$1,715$1,359$1,069$835$482
22 years$2,027$1,601$1,253$972$748$419
23 years$1,918$1,497$1,157$885$672$364
24 years$1,819$1,403$1,070$807$604$316
25 years$1,727$1,317$991$737$543$275
26 years$1,643$1,237$919$674$489$240
27 years$1,565$1,165$853$617$441$209
28 years$1,493$1,097$793$565$398$182
29 years$1,426$1,035$738$518$359$159
30 years$1,364$978$688$476$325$139
31 years$1,306$924$641$437$294$121
32 years$1,251$875$598$401$266$106
33 years$1,200$828$558$369$240$92
34 years$1,152$785$522$340$218$81
35 years$1,107$745$488$313$197$70
36 years$1,064$707$456$288$179$62
37 years$1,024$671$427$265$162$54
38 years$986$638$400$245$147$47
39 years$950$607$375$226$133$41
40 years$916$577$351$208$121$36
41 years$884$549$329$192$110$31
42 years$853$523$309$177$99$27
43 years$824$498$290$163$90$24
44 years$796$475$272$151$82$21
45 years$770$453$255$139$74$18
46 years$744$432$240$129$67$16
47 years$720$412$225$119$61$14
48 years$697$394$212$110$56$12
49 years$675$376$199$102$51$11
50 years$654$359$187$94$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $670,000, adding $4,214 every year, while hoping to spend $30,032 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: 56/19/25 Blend
45$670,000$670,000$670,000$670,000
46$742,687$707,177$696,792$778,983
47$786,487$709,875$688,180$807,041
48$833,748$711,698$678,274$834,086
49$884,792$712,573$666,998$862,924
50$939,971$712,419$654,273$893,738
51$999,674$711,153$640,016$926,729
52$1,064,327$708,686$624,143$962,120
53$1,134,399$704,923$606,563$1,000,158
54$1,210,406$699,762$587,181$1,041,118
55$1,292,916$693,099$565,900$1,085,303
56$1,382,551$684,818$542,615$1,133,049
57$1,479,998$674,802$517,220$1,184,728
58$1,586,013$662,922$489,602$1,240,750
59$1,701,425$649,044$459,642$1,301,573
60$1,827,149$633,025$427,219$1,367,699
61$1,964,191$614,716$392,203$1,439,686
62$2,113,656$593,955$354,460$1,518,151
63$2,276,765$570,575$313,850$1,603,775
64$2,454,857$544,395$270,226$1,697,314
65$2,649,410$515,227$223,436$1,799,601
66$2,862,047$482,872$173,319$1,911,558
67$3,094,560$447,116$119,708$2,034,204
68$3,348,917$407,736$62,430$2,168,664
69$3,627,287$364,497$1,303$2,316,185
70$3,932,060$317,147$0$2,478,141
71$4,265,866$265,423$0$2,673,105
72$4,631,602$209,045$0$2,887,182
73$5,032,456$147,720$0$3,121,934
74$5,471,944$81,135$0$3,379,465
75$5,953,934$8,962$0$3,662,099
76$6,482,688$0$0$3,972,396
77$7,062,901$0$0$4,327,636
78$7,699,743$0$0$4,719,667
79$8,398,911$0$0$5,150,129
80$9,166,678$0$0$5,622,894
81$10,009,956$0$0$6,142,225
82$10,936,360$0$0$6,712,821
83$11,954,276$0$0$7,339,857
84$13,072,946$0$0$8,029,033
85$14,302,549$0$0$8,786,632
86$15,654,301$0$0$9,619,573
87$17,140,558$0$0$10,535,480
88$18,774,933$0$0$11,542,752
89$20,572,423$0$0$12,650,646
90$22,549,556$0$0$13,869,356
91$24,724,536$0$0$15,210,117
92$27,117,424$0$0$16,685,308
93$29,750,323$0$0$18,308,566
94$32,647,586$0$0$20,094,920
95$35,836,045$0$0$22,060,926
96$39,345,267$0$0$24,224,830
97$43,207,829$0$0$26,606,733
98$47,459,627$0$0$29,228,785
99$52,140,213$0$0$32,115,394
100$57,293,169$0$0$35,293,453