Can I retire at age 46 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$56,154$55,654$55,166$54,689$54,224$52,300
2 years$27,799$27,281$26,779$26,293$25,821$23,903
3 years$18,349$17,829$17,328$16,846$16,382$14,530
4 years$13,624$13,106$12,610$12,137$11,684$9,913
5 years$10,790$10,275$9,786$9,322$8,882$7,196
6 years$8,902$8,390$7,909$7,455$7,028$5,429
7 years$7,553$7,046$6,572$6,129$5,716$4,202
8 years$6,542$6,040$5,574$5,142$4,742$3,313
9 years$5,757$5,259$4,801$4,379$3,993$2,648
10 years$5,128$4,635$4,185$3,775$3,402$2,138
11 years$4,615$4,127$3,685$3,286$2,926$1,740
12 years$4,187$3,704$3,270$2,882$2,536$1,424
13 years$3,825$3,347$2,922$2,544$2,211$1,172
14 years$3,515$3,043$2,625$2,258$1,938$968
15 years$3,247$2,779$2,370$2,014$1,707$803
16 years$3,013$2,550$2,149$1,803$1,508$667
17 years$2,806$2,348$1,955$1,620$1,337$555
18 years$2,622$2,170$1,785$1,460$1,189$463
19 years$2,459$2,011$1,634$1,320$1,060$387
20 years$2,311$1,869$1,500$1,195$947$324
21 years$2,178$1,741$1,379$1,085$847$271
22 years$2,057$1,625$1,271$986$759$227
23 years$1,947$1,520$1,174$898$682$191
24 years$1,846$1,424$1,086$819$613$160
25 years$1,753$1,336$1,005$748$551$134
26 years$1,668$1,256$933$684$497$113
27 years$1,589$1,182$866$626$448$95
28 years$1,516$1,114$805$574$404$80
29 years$1,448$1,051$749$526$365$67
30 years$1,384$992$698$483$330$56
31 years$1,325$938$651$443$298$47
32 years$1,270$888$607$407$270$40
33 years$1,218$841$567$375$244$34
34 years$1,169$797$530$345$221$28
35 years$1,123$756$495$317$200$24
36 years$1,080$717$463$292$181$20
37 years$1,039$681$433$269$164$17
38 years$1,001$647$406$248$149$14
39 years$964$616$380$229$135$12
40 years$930$586$356$211$123$10
41 years$897$558$334$195$111$8
42 years$866$531$314$180$101$7
43 years$836$506$294$166$92$6
44 years$808$482$276$153$83$5
45 years$781$460$259$141$75$4
46 years$755$439$244$131$68$4
47 years$731$419$229$121$62$3
48 years$708$400$215$112$56$3
49 years$685$382$202$103$51$2
50 years$664$365$190$95$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $680,000, adding $3,670 every year, while hoping to spend $46,688 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: 51/35/14 Blend
45$680,000$680,000$680,000$680,000
46$753,146$717,106$706,566$788,522
47$780,291$702,568$680,560$798,626
48$808,640$685,753$652,118$804,386
49$838,267$666,501$621,110$809,601
50$869,251$644,640$587,397$814,233
51$901,677$619,991$550,838$818,245
52$935,640$592,362$511,283$821,596
53$971,240$561,552$468,576$824,248
54$1,008,586$527,348$422,553$826,159
55$1,047,797$489,523$373,044$827,289
56$1,089,003$447,840$319,871$827,598
57$1,132,342$402,045$262,848$827,045
58$1,177,969$351,873$201,781$825,589
59$1,226,048$297,042$136,467$823,191
60$1,276,762$237,253$66,695$819,814
61$1,330,306$172,193$0$815,421
62$1,386,896$101,530$0$811,137
63$1,446,767$24,912$0$816,479
64$1,510,174$0$0$821,481
65$1,577,398$0$0$848,506
66$1,648,743$0$0$887,406
67$1,724,546$0$0$928,773
68$1,805,170$0$0$972,812
69$1,891,017$0$0$1,019,745
70$1,982,525$0$0$1,069,818
71$2,080,173$0$0$1,123,299
72$2,184,487$0$0$1,180,483
73$2,296,043$0$0$1,241,692
74$2,415,474$0$0$1,307,279
75$2,543,471$0$0$1,377,633
76$2,680,795$0$0$1,453,179
77$2,828,280$0$0$1,534,383
78$2,986,840$0$0$1,621,760
79$3,157,481$0$0$1,715,871
80$3,341,306$0$0$1,817,335
81$3,539,526$0$0$1,926,832
82$3,753,473$0$0$2,045,107
83$3,984,610$0$0$2,172,981
84$4,234,544$0$0$2,311,356
85$4,505,041$0$0$2,461,221
86$4,798,043$0$0$2,623,668
87$5,115,687$0$0$2,799,893
88$5,460,321$0$0$2,991,214
89$5,834,526$0$0$3,199,081
90$6,241,144$0$0$3,425,087
91$6,683,298$0$0$3,670,986
92$7,164,428$0$0$3,938,707
93$7,688,315$0$0$4,230,375
94$8,259,121$0$0$4,548,326
95$8,881,428$0$0$4,895,130
96$9,560,276$0$0$5,273,620
97$10,301,214$0$0$5,686,909
98$11,110,350$0$0$6,138,429
99$11,994,409$0$0$6,631,954
100$12,960,791$0$0$7,171,642