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%11.4%
1 years$56,980$56,472$55,977$55,494$55,022$54,698
2 years$28,208$27,682$27,173$26,680$26,201$25,874
3 years$18,618$18,091$17,583$17,094$16,623$16,303
4 years$13,825$13,299$12,796$12,315$11,856$11,546
5 years$10,949$10,426$9,930$9,459$9,012$8,713
6 years$9,033$8,514$8,025$7,565$7,131$6,843
7 years$7,664$7,150$6,669$6,219$5,800$5,523
8 years$6,639$6,129$5,656$5,217$4,811$4,545
9 years$5,841$5,336$4,871$4,444$4,052$3,797
10 years$5,204$4,704$4,247$3,831$3,452$3,209
11 years$4,682$4,187$3,739$3,334$2,969$2,736
12 years$4,248$3,758$3,318$2,924$2,573$2,351
13 years$3,881$3,396$2,965$2,582$2,244$2,032
14 years$3,567$3,087$2,664$2,292$1,967$1,765
15 years$3,295$2,820$2,405$2,044$1,732$1,540
16 years$3,057$2,588$2,180$1,830$1,531$1,348
17 years$2,847$2,383$1,984$1,644$1,357$1,184
18 years$2,661$2,202$1,811$1,482$1,207$1,043
19 years$2,495$2,041$1,658$1,339$1,075$920
20 years$2,345$1,896$1,522$1,213$961$814
21 years$2,210$1,766$1,400$1,101$860$721
22 years$2,087$1,649$1,290$1,001$771$639
23 years$1,975$1,542$1,191$911$692$568
24 years$1,873$1,445$1,102$831$622$505
25 years$1,779$1,356$1,020$759$559$450
26 years$1,692$1,274$946$694$504$401
27 years$1,612$1,199$879$635$454$357
28 years$1,538$1,130$817$582$410$319
29 years$1,469$1,066$760$534$370$285
30 years$1,405$1,007$708$490$334$255
31 years$1,345$952$660$450$302$228
32 years$1,288$901$616$413$274$203
33 years$1,236$853$575$380$248$182
34 years$1,186$808$537$350$224$163
35 years$1,140$767$502$322$203$146
36 years$1,096$728$470$297$184$131
37 years$1,055$691$440$273$167$117
38 years$1,015$657$412$252$151$105
39 years$978$625$386$232$137$94
40 years$943$594$362$214$124$84
41 years$910$566$339$198$113$75
42 years$878$539$318$182$102$68
43 years$848$513$299$168$93$61
44 years$820$489$280$155$84$54
45 years$793$467$263$144$77$49
46 years$767$445$247$133$69$44
47 years$742$425$232$123$63$39
48 years$718$406$218$113$57$35
49 years$695$387$205$105$52$32
50 years$674$370$193$97$47$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $690,000, adding $2,388 every year, while hoping to spend $29,887 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: 75/20/5 Blend
45$690,000$690,000$690,000$690,000
46$762,843$726,273$715,578$819,623
47$808,854$730,061$707,751$861,055
48$858,556$733,033$698,659$902,375
49$912,294$735,117$688,230$946,779
50$970,447$736,237$676,385$994,560
51$1,033,434$736,314$663,044$1,046,041
52$1,101,710$735,259$648,123$1,101,579
53$1,175,781$732,984$631,532$1,161,567
54$1,256,201$729,390$613,178$1,226,438
55$1,343,579$724,376$592,965$1,296,669
56$1,438,586$717,832$570,791$1,372,787
57$1,541,960$709,643$546,550$1,455,371
58$1,654,511$699,688$520,131$1,545,061
59$1,777,134$687,835$491,419$1,642,562
60$1,910,811$673,948$460,291$1,748,652
61$2,056,624$657,882$426,621$1,864,188
62$2,215,764$639,482$390,276$1,990,114
63$2,389,541$618,586$351,120$2,127,474
64$2,579,398$595,020$309,006$2,277,415
65$2,786,923$568,603$263,784$2,441,205
66$3,013,865$539,141$215,297$2,620,240
67$3,262,149$506,429$163,380$2,816,060
68$3,533,896$470,252$107,861$3,030,364
69$3,831,440$430,381$48,561$3,265,023
70$4,157,352$386,574$0$3,522,104
71$4,514,462$338,576$0$3,804,666
72$4,905,890$286,119$0$4,117,252
73$5,335,067$228,915$0$4,460,045
74$5,805,777$166,666$0$4,836,108
75$6,322,186$99,051$0$5,248,818
76$6,888,881$25,737$0$5,701,897
77$7,510,917$0$0$6,199,447
78$8,193,860$0$0$6,757,795
79$8,943,844$0$0$7,377,202
80$9,767,624$0$0$8,057,587
81$10,672,641$0$0$8,805,101
82$11,667,096$0$0$9,626,519
83$12,760,018$0$0$10,529,305
84$13,961,360$0$0$11,521,683
85$15,282,083$0$0$12,612,713
86$16,734,264$0$0$13,812,376
87$18,331,210$0$0$15,131,669
88$20,087,582$0$0$16,582,709
89$22,019,531$0$0$18,178,845
90$24,144,853$0$0$19,934,785
91$26,483,157$0$0$21,866,734
92$29,056,048$0$0$23,992,548
93$31,887,329$0$0$26,331,900
94$35,003,229$0$0$28,906,467
95$38,432,648$0$0$31,740,135
96$42,207,428$0$0$34,859,221
97$46,362,658$0$0$38,292,725
98$50,936,999$0$0$42,072,598
99$55,973,050$0$0$46,234,049
100$61,517,755$0$0$50,815,875