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%13.5%
1 years$55,328$54,835$54,354$53,885$53,427$52,650
2 years$27,390$26,880$26,386$25,906$25,441$24,660
3 years$18,079$17,566$17,073$16,598$16,141$15,380
4 years$13,424$12,913$12,425$11,958$11,512$10,777
5 years$10,632$10,124$9,642$9,185$8,751$8,044
6 years$8,771$8,267$7,792$7,345$6,924$6,247
7 years$7,442$6,943$6,476$6,039$5,631$4,983
8 years$6,446$5,951$5,492$5,066$4,672$4,052
9 years$5,672$5,182$4,730$4,315$3,934$3,344
10 years$5,053$4,567$4,124$3,720$3,352$2,790
11 years$4,547$4,066$3,630$3,237$2,883$2,348
12 years$4,125$3,649$3,222$2,839$2,498$1,991
13 years$3,769$3,298$2,879$2,507$2,179$1,697
14 years$3,464$2,998$2,586$2,225$1,910$1,454
15 years$3,199$2,739$2,335$1,985$1,682$1,251
16 years$2,968$2,513$2,117$1,777$1,486$1,079
17 years$2,765$2,314$1,927$1,597$1,318$934
18 years$2,584$2,138$1,759$1,439$1,172$810
19 years$2,422$1,982$1,610$1,300$1,044$704
20 years$2,277$1,841$1,478$1,178$933$613
21 years$2,146$1,715$1,359$1,069$835$535
22 years$2,027$1,601$1,253$972$748$467
23 years$1,918$1,497$1,157$885$672$408
24 years$1,819$1,403$1,070$807$604$357
25 years$1,727$1,317$991$737$543$313
26 years$1,643$1,237$919$674$489$274
27 years$1,565$1,165$853$617$441$241
28 years$1,493$1,097$793$565$398$211
29 years$1,426$1,035$738$518$359$185
30 years$1,364$978$688$476$325$163
31 years$1,306$924$641$437$294$143
32 years$1,251$875$598$401$266$126
33 years$1,200$828$558$369$240$111
34 years$1,152$785$522$340$218$97
35 years$1,107$745$488$313$197$86
36 years$1,064$707$456$288$179$75
37 years$1,024$671$427$265$162$66
38 years$986$638$400$245$147$58
39 years$950$607$375$226$133$51
40 years$916$577$351$208$121$45
41 years$884$549$329$192$110$40
42 years$853$523$309$177$99$35
43 years$824$498$290$163$90$31
44 years$796$475$272$151$82$27
45 years$770$453$255$139$74$24
46 years$744$432$240$129$67$21
47 years$720$412$225$119$61$19
48 years$697$394$212$110$56$16
49 years$675$376$199$102$51$14
50 years$654$359$187$94$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $670,000, adding $3,217 every year, while hoping to spend $28,598 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: 57/24/19 Blend
45$670,000$670,000$670,000$670,000
46$741,658$706,148$695,763$780,016
47$786,879$710,322$688,643$810,647
48$835,755$713,741$680,326$840,648
49$888,626$716,339$670,742$872,707
50$945,871$718,044$659,817$907,026
51$1,007,903$718,782$647,474$943,833
52$1,075,177$718,470$633,632$983,377
53$1,148,194$717,024$618,208$1,025,934
54$1,227,504$714,352$601,112$1,071,810
55$1,313,713$710,358$582,252$1,121,343
56$1,407,486$704,941$561,533$1,174,907
57$1,509,558$697,991$538,852$1,232,916
58$1,620,733$689,393$514,104$1,295,825
59$1,741,901$679,026$487,179$1,364,141
60$1,874,036$666,760$457,962$1,438,421
61$2,018,216$652,459$426,331$1,519,284
62$2,175,622$635,978$392,161$1,607,411
63$2,347,557$617,162$355,320$1,703,555
64$2,535,455$595,850$315,670$1,808,550
65$2,740,895$571,870$273,069$1,923,316
66$2,965,614$545,040$227,365$2,048,870
67$3,211,527$515,168$178,402$2,186,335
68$3,480,742$482,050$126,017$2,336,950
69$3,775,577$445,470$70,038$2,502,087
70$4,098,590$405,201$10,288$2,683,258
71$4,452,593$361,004$0$2,882,133
72$4,840,688$312,623$0$3,111,400
73$5,266,286$259,790$0$3,365,185
74$5,733,150$202,222$0$3,643,689
75$6,245,418$139,618$0$3,949,439
76$6,807,655$71,663$0$4,285,219
77$7,424,883$0$0$4,654,102
78$8,102,638$0$0$5,059,997
79$8,847,017$0$0$5,526,639
80$9,664,737$0$0$6,039,320
81$10,563,197$0$0$6,602,687
82$11,550,549$0$0$7,221,859
83$12,635,772$0$0$7,902,476
84$13,828,762$0$0$8,650,752
85$15,140,416$0$0$9,473,532
86$16,582,745$0$0$10,378,358
87$18,168,978$0$0$11,373,540
88$19,913,693$0$0$12,468,233
89$21,832,950$0$0$13,672,524
90$23,944,446$0$0$14,997,528
91$26,267,677$0$0$16,455,489
92$28,824,126$0$0$18,059,902
93$31,637,463$0$0$19,825,633
94$34,733,769$0$0$21,769,062
95$38,141,780$0$0$23,908,238
96$41,893,161$0$0$26,263,052
97$46,022,802$0$0$28,855,415
98$50,569,147$0$0$31,709,476
99$55,574,558$0$0$34,851,841
100$61,085,712$0$0$38,311,830