Can I retire at age 46 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$56,980$56,472$55,977$55,494$55,022$54,244
2 years$28,208$27,682$27,173$26,680$26,201$25,419
3 years$18,618$18,091$17,583$17,094$16,623$15,861
4 years$13,825$13,299$12,796$12,315$11,856$11,120
5 years$10,949$10,426$9,930$9,459$9,012$8,304
6 years$9,033$8,514$8,025$7,565$7,131$6,452
7 years$7,664$7,150$6,669$6,219$5,800$5,150
8 years$6,639$6,129$5,656$5,217$4,811$4,190
9 years$5,841$5,336$4,871$4,444$4,052$3,459
10 years$5,204$4,704$4,247$3,831$3,452$2,888
11 years$4,682$4,187$3,739$3,334$2,969$2,433
12 years$4,248$3,758$3,318$2,924$2,573$2,064
13 years$3,881$3,396$2,965$2,582$2,244$1,761
14 years$3,567$3,087$2,664$2,292$1,967$1,509
15 years$3,295$2,820$2,405$2,044$1,732$1,299
16 years$3,057$2,588$2,180$1,830$1,531$1,122
17 years$2,847$2,383$1,984$1,644$1,357$972
18 years$2,661$2,202$1,811$1,482$1,207$844
19 years$2,495$2,041$1,658$1,339$1,075$734
20 years$2,345$1,896$1,522$1,213$961$639
21 years$2,210$1,766$1,400$1,101$860$558
22 years$2,087$1,649$1,290$1,001$771$488
23 years$1,975$1,542$1,191$911$692$427
24 years$1,873$1,445$1,102$831$622$374
25 years$1,779$1,356$1,020$759$559$328
26 years$1,692$1,274$946$694$504$287
27 years$1,612$1,199$879$635$454$252
28 years$1,538$1,130$817$582$410$221
29 years$1,469$1,066$760$534$370$195
30 years$1,405$1,007$708$490$334$171
31 years$1,345$952$660$450$302$150
32 years$1,288$901$616$413$274$132
33 years$1,236$853$575$380$248$116
34 years$1,186$808$537$350$224$102
35 years$1,140$767$502$322$203$90
36 years$1,096$728$470$297$184$79
37 years$1,055$691$440$273$167$70
38 years$1,015$657$412$252$151$62
39 years$978$625$386$232$137$54
40 years$943$594$362$214$124$48
41 years$910$566$339$198$113$42
42 years$878$539$318$182$102$37
43 years$848$513$299$168$93$33
44 years$820$489$280$155$84$29
45 years$793$467$263$144$77$25
46 years$767$445$247$133$69$22
47 years$742$425$232$123$63$20
48 years$718$406$218$113$57$17
49 years$695$387$205$105$52$15
50 years$674$370$193$97$47$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $690,000, adding $5,762 every year, while hoping to spend $50,771 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: 48/45/7 Blend
45$690,000$690,000$690,000$690,000
46$766,324$729,754$719,059$801,419
47$790,469$711,491$689,127$807,803
48$815,375$690,633$656,491$808,895
49$841,066$666,997$621,007$808,889
50$867,568$640,393$582,523$807,698
51$894,905$610,617$540,883$805,227
52$923,104$577,456$495,921$801,378
53$952,192$540,683$447,466$796,046
54$982,197$500,059$395,338$789,120
55$1,013,149$455,329$339,350$780,483
56$1,045,078$406,227$279,305$770,009
57$1,078,013$352,470$214,999$757,567
58$1,111,988$293,758$146,219$743,017
59$1,147,034$229,776$72,741$726,213
60$1,183,186$160,190$0$706,996
61$1,220,479$84,647$0$685,627
62$1,258,950$2,776$0$667,331
63$1,298,634$0$0$646,506
64$1,339,572$0$0$665,469
65$1,381,802$0$0$686,449
66$1,425,366$0$0$708,092
67$1,470,306$0$0$730,418
68$1,516,665$0$0$753,450
69$1,564,490$0$0$777,210
70$1,613,826$0$0$801,721
71$1,664,722$0$0$827,007
72$1,717,227$0$0$853,093
73$1,771,393$0$0$880,004
74$1,827,272$0$0$907,767
75$1,884,920$0$0$936,409
76$1,944,393$0$0$965,957
77$2,005,749$0$0$996,442
78$2,069,049$0$0$1,027,893
79$2,134,355$0$0$1,060,341
80$2,201,732$0$0$1,093,818
81$2,271,246$0$0$1,128,357
82$2,342,965$0$0$1,163,993
83$2,416,962$0$0$1,200,761
84$2,493,309$0$0$1,238,698
85$2,572,083$0$0$1,277,841
86$2,653,363$0$0$1,318,230
87$2,737,229$0$0$1,359,905
88$2,823,765$0$0$1,402,908
89$2,913,060$0$0$1,447,283
90$3,005,203$0$0$1,493,074
91$3,100,287$0$0$1,540,328
92$3,198,410$0$0$1,589,094
93$3,299,670$0$0$1,639,420
94$3,404,172$0$0$1,691,359
95$3,512,024$0$0$1,744,965
96$3,623,335$0$0$1,800,293
97$3,738,223$0$0$1,857,400
98$3,856,807$0$0$1,916,347
99$3,979,211$0$0$1,977,196
100$4,105,563$0$0$2,040,011