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%13.3%
1 years$55,328$54,835$54,354$53,885$53,427$52,694
2 years$27,390$26,880$26,386$25,906$25,441$24,704
3 years$18,079$17,566$17,073$16,598$16,141$15,422
4 years$13,424$12,913$12,425$11,958$11,512$10,818
5 years$10,632$10,124$9,642$9,185$8,751$8,083
6 years$8,771$8,267$7,792$7,345$6,924$6,284
7 years$7,442$6,943$6,476$6,039$5,631$5,018
8 years$6,446$5,951$5,492$5,066$4,672$4,085
9 years$5,672$5,182$4,730$4,315$3,934$3,375
10 years$5,053$4,567$4,124$3,720$3,352$2,819
11 years$4,547$4,066$3,630$3,237$2,883$2,376
12 years$4,125$3,649$3,222$2,839$2,498$2,017
13 years$3,769$3,298$2,879$2,507$2,179$1,722
14 years$3,464$2,998$2,586$2,225$1,910$1,477
15 years$3,199$2,739$2,335$1,985$1,682$1,272
16 years$2,968$2,513$2,117$1,777$1,486$1,100
17 years$2,765$2,314$1,927$1,597$1,318$953
18 years$2,584$2,138$1,759$1,439$1,172$828
19 years$2,422$1,982$1,610$1,300$1,044$721
20 years$2,277$1,841$1,478$1,178$933$629
21 years$2,146$1,715$1,359$1,069$835$549
22 years$2,027$1,601$1,253$972$748$480
23 years$1,918$1,497$1,157$885$672$420
24 years$1,819$1,403$1,070$807$604$368
25 years$1,727$1,317$991$737$543$323
26 years$1,643$1,237$919$674$489$284
27 years$1,565$1,165$853$617$441$249
28 years$1,493$1,097$793$565$398$219
29 years$1,426$1,035$738$518$359$193
30 years$1,364$978$688$476$325$169
31 years$1,306$924$641$437$294$149
32 years$1,251$875$598$401$266$131
33 years$1,200$828$558$369$240$116
34 years$1,152$785$522$340$218$102
35 years$1,107$745$488$313$197$90
36 years$1,064$707$456$288$179$79
37 years$1,024$671$427$265$162$70
38 years$986$638$400$245$147$61
39 years$950$607$375$226$133$54
40 years$916$577$351$208$121$48
41 years$884$549$329$192$110$42
42 years$853$523$309$177$99$37
43 years$824$498$290$163$90$33
44 years$796$475$272$151$82$29
45 years$770$453$255$139$74$26
46 years$744$432$240$129$67$23
47 years$720$412$225$119$61$20
48 years$697$394$212$110$56$18
49 years$675$376$199$102$51$15
50 years$654$359$187$94$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $670,000, adding $6,591 every year, while hoping to spend $28,835 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: 39/33/28 Blend
45$670,000$670,000$670,000$670,000
46$745,139$709,629$699,244$767,801
47$790,463$713,720$691,988$789,045
48$839,443$717,046$683,523$808,861
49$892,423$719,538$673,778$829,738
50$949,778$721,123$662,677$851,792
51$1,011,923$721,726$650,145$875,152
52$1,079,313$721,264$636,098$899,961
53$1,152,447$719,651$620,452$926,381
54$1,231,878$716,794$603,118$954,590
55$1,318,210$712,597$584,003$984,787
56$1,412,109$706,956$563,008$1,017,196
57$1,514,308$699,761$540,033$1,052,063
58$1,625,613$690,895$514,970$1,089,665
59$1,746,912$680,236$487,708$1,130,306
60$1,879,182$667,652$458,131$1,174,330
61$2,023,497$653,005$426,117$1,222,113
62$2,181,040$636,149$391,538$1,274,078
63$2,353,113$616,928$354,262$1,330,692
64$2,541,151$595,177$314,150$1,392,473
65$2,746,731$570,724$271,057$1,459,999
66$2,971,592$543,383$224,831$1,533,908
67$3,217,646$512,961$175,315$1,614,911
68$3,487,000$479,250$122,342$1,703,793
69$3,781,975$442,035$65,742$1,801,426
70$4,105,126$401,083$5,333$1,908,778
71$4,459,265$356,153$0$2,026,918
72$4,847,493$306,987$0$2,174,699
73$5,273,221$253,313$0$2,338,618
74$5,740,209$194,845$0$2,518,595
75$6,252,596$131,279$0$2,716,305
76$6,814,945$62,295$0$2,933,595
77$7,432,277$0$0$3,172,507
78$8,110,127$0$0$3,439,814
79$8,854,590$0$0$3,758,328
80$9,672,380$0$0$4,108,312
81$10,570,896$0$0$4,492,942
82$11,558,287$0$0$4,915,721
83$12,643,530$0$0$5,380,505
84$13,836,516$0$0$5,891,544
85$15,148,142$0$0$6,453,518
86$16,590,413$0$0$7,071,587
87$18,176,556$0$0$7,751,432
88$19,921,145$0$0$8,499,316
89$21,840,235$0$0$9,322,137
90$23,951,517$0$0$10,227,497
91$26,274,482$0$0$11,223,770
92$28,830,607$0$0$12,320,184
93$31,643,555$0$0$13,526,908
94$34,739,399$0$0$14,855,144
95$38,146,867$0$0$16,317,238
96$41,897,614$0$0$17,926,793
97$46,026,520$0$0$19,698,795
98$50,572,018$0$0$21,649,761
99$55,576,457$0$0$23,797,889
100$61,086,500$0$0$26,163,231