Can I retire at age 46 with 680,000?

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 $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%18.7%
1 years$56,154$55,654$55,166$54,689$54,224$52,321
2 years$27,799$27,281$26,779$26,293$25,821$23,924
3 years$18,349$17,829$17,328$16,846$16,382$14,550
4 years$13,624$13,106$12,610$12,137$11,684$9,931
5 years$10,790$10,275$9,786$9,322$8,882$7,213
6 years$8,902$8,390$7,909$7,455$7,028$5,444
7 years$7,553$7,046$6,572$6,129$5,716$4,217
8 years$6,542$6,040$5,574$5,142$4,742$3,327
9 years$5,757$5,259$4,801$4,379$3,993$2,660
10 years$5,128$4,635$4,185$3,775$3,402$2,149
11 years$4,615$4,127$3,685$3,286$2,926$1,750
12 years$4,187$3,704$3,270$2,882$2,536$1,434
13 years$3,825$3,347$2,922$2,544$2,211$1,181
14 years$3,515$3,043$2,625$2,258$1,938$976
15 years$3,247$2,779$2,370$2,014$1,707$810
16 years$3,013$2,550$2,149$1,803$1,508$673
17 years$2,806$2,348$1,955$1,620$1,337$561
18 years$2,622$2,170$1,785$1,460$1,189$469
19 years$2,459$2,011$1,634$1,320$1,060$392
20 years$2,311$1,869$1,500$1,195$947$328
21 years$2,178$1,741$1,379$1,085$847$275
22 years$2,057$1,625$1,271$986$759$231
23 years$1,947$1,520$1,174$898$682$193
24 years$1,846$1,424$1,086$819$613$163
25 years$1,753$1,336$1,005$748$551$137
26 years$1,668$1,256$933$684$497$115
27 years$1,589$1,182$866$626$448$97
28 years$1,516$1,114$805$574$404$81
29 years$1,448$1,051$749$526$365$68
30 years$1,384$992$698$483$330$57
31 years$1,325$938$651$443$298$48
32 years$1,270$888$607$407$270$41
33 years$1,218$841$567$375$244$34
34 years$1,169$797$530$345$221$29
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$15
39 years$964$616$380$229$135$12
40 years$930$586$356$211$123$10
41 years$897$558$334$195$111$9
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 $5,607 every year, while hoping to spend $40,801 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: 44/33/23 Blend
45$680,000$680,000$680,000$680,000
46$755,144$719,104$708,564$783,118
47$788,756$710,928$688,889$795,291
48$824,430$700,984$667,187$804,082
49$862,332$689,142$643,348$812,791
50$902,645$675,265$617,255$821,431
51$945,569$659,207$588,787$830,022
52$991,323$640,815$557,818$838,585
53$1,040,147$619,924$524,214$847,149
54$1,092,304$596,362$487,837$855,749
55$1,148,082$569,947$448,543$864,427
56$1,207,797$540,485$406,179$873,233
57$1,271,795$507,771$360,589$882,227
58$1,340,457$471,590$311,607$891,480
59$1,414,198$431,713$259,060$901,073
60$1,493,476$387,897$202,769$911,101
61$1,578,795$339,888$142,546$921,677
62$1,670,705$287,416$78,194$932,926
63$1,769,813$230,194$9,509$944,996
64$1,876,783$167,923$0$958,054
65$1,992,347$100,284$0$987,947
66$2,117,309$26,941$0$1,022,745
67$2,252,553$0$0$1,060,419
68$2,399,048$0$0$1,120,359
69$2,557,863$0$0$1,196,014
70$2,730,171$0$0$1,278,169
71$2,917,265$0$0$1,367,449
72$3,120,563$0$0$1,464,542
73$3,341,628$0$0$1,570,203
74$3,582,179$0$0$1,685,263
75$3,844,108$0$0$1,810,640
76$4,129,494$0$0$1,947,339
77$4,440,628$0$0$2,096,470
78$4,780,030$0$0$2,259,253
79$5,150,475$0$0$2,437,032
80$5,555,016$0$0$2,631,286
81$5,997,014$0$0$2,843,642
82$6,480,171$0$0$3,075,893
83$7,008,562$0$0$3,330,013
84$7,586,671$0$0$3,608,175
85$8,219,440$0$0$3,912,773
86$8,912,307$0$0$4,246,442
87$9,671,263$0$0$4,612,083
88$10,502,905$0$0$5,012,894
89$11,414,497$0$0$5,452,394
90$12,414,040$0$0$5,934,461
91$13,510,348$0$0$6,463,366
92$14,713,127$0$0$7,043,812
93$16,033,067$0$0$7,680,981
94$17,481,947$0$0$8,380,580
95$19,072,738$0$0$9,148,897
96$20,819,730$0$0$9,992,857
97$22,738,664$0$0$10,920,090
98$24,846,883$0$0$11,939,002
99$27,163,489$0$0$13,058,852
100$29,709,529$0$0$14,289,842