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%15%
1 years$56,980$56,472$55,977$55,494$55,022$53,889
2 years$28,208$27,682$27,173$26,680$26,201$25,064
3 years$18,618$18,091$17,583$17,094$16,623$15,519
4 years$13,825$13,299$12,796$12,315$11,856$10,792
5 years$10,949$10,426$9,930$9,459$9,012$7,993
6 years$9,033$8,514$8,025$7,565$7,131$6,156
7 years$7,664$7,150$6,669$6,219$5,800$4,869
8 years$6,639$6,129$5,656$5,217$4,811$3,926
9 years$5,841$5,336$4,871$4,444$4,052$3,210
10 years$5,204$4,704$4,247$3,831$3,452$2,654
11 years$4,682$4,187$3,739$3,334$2,969$2,213
12 years$4,248$3,758$3,318$2,924$2,573$1,858
13 years$3,881$3,396$2,965$2,582$2,244$1,569
14 years$3,567$3,087$2,664$2,292$1,967$1,330
15 years$3,295$2,820$2,405$2,044$1,732$1,133
16 years$3,057$2,588$2,180$1,830$1,531$967
17 years$2,847$2,383$1,984$1,644$1,357$828
18 years$2,661$2,202$1,811$1,482$1,207$711
19 years$2,495$2,041$1,658$1,339$1,075$611
20 years$2,345$1,896$1,522$1,213$961$526
21 years$2,210$1,766$1,400$1,101$860$454
22 years$2,087$1,649$1,290$1,001$771$392
23 years$1,975$1,542$1,191$911$692$338
24 years$1,873$1,445$1,102$831$622$293
25 years$1,779$1,356$1,020$759$559$253
26 years$1,692$1,274$946$694$504$219
27 years$1,612$1,199$879$635$454$190
28 years$1,538$1,130$817$582$410$165
29 years$1,469$1,066$760$534$370$143
30 years$1,405$1,007$708$490$334$124
31 years$1,345$952$660$450$302$108
32 years$1,288$901$616$413$274$93
33 years$1,236$853$575$380$248$81
34 years$1,186$808$537$350$224$70
35 years$1,140$767$502$322$203$61
36 years$1,096$728$470$297$184$53
37 years$1,055$691$440$273$167$46
38 years$1,015$657$412$252$151$40
39 years$978$625$386$232$137$35
40 years$943$594$362$214$124$30
41 years$910$566$339$198$113$26
42 years$878$539$318$182$102$23
43 years$848$513$299$168$93$20
44 years$820$489$280$155$84$17
45 years$793$467$263$144$77$15
46 years$767$445$247$133$69$13
47 years$742$425$232$123$63$11
48 years$718$406$218$113$57$10
49 years$695$387$205$105$52$9
50 years$674$370$193$97$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $690,000, adding $4,522 every year, while hoping to spend $22,667 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: 65/27/8 Blend
45$690,000$690,000$690,000$690,000
46$765,044$728,474$717,779$813,290
47$818,961$740,052$717,708$857,550
48$877,618$751,438$716,874$902,784
49$941,475$762,597$715,228$951,613
50$1,011,036$773,495$712,719$1,004,386
51$1,086,858$784,094$709,292$1,061,484
52$1,169,555$794,351$704,890$1,123,332
53$1,259,800$804,224$699,454$1,190,394
54$1,358,334$813,666$692,921$1,263,183
55$1,465,975$822,627$685,224$1,342,266
56$1,583,622$831,053$676,297$1,428,264
57$1,712,264$838,887$666,065$1,521,867
58$1,852,992$846,070$654,456$1,623,830
59$2,007,006$852,535$641,388$1,734,988
60$2,175,626$858,216$626,781$1,856,263
61$2,360,309$863,038$610,548$1,988,669
62$2,562,657$866,923$592,597$2,133,323
63$2,784,435$869,789$572,836$2,291,460
64$3,027,587$871,548$551,165$2,464,438
65$3,294,252$872,105$527,481$2,653,756
66$3,586,790$871,363$501,676$2,861,067
67$3,907,797$869,214$473,637$3,088,190
68$4,260,135$865,548$443,245$3,337,134
69$4,646,954$860,244$410,379$3,610,113
70$5,071,725$853,178$374,909$3,909,566
71$5,538,272$844,215$336,700$4,238,183
72$6,050,808$833,214$295,611$4,598,932
73$6,613,973$820,025$251,497$4,995,079
74$7,232,880$804,487$204,204$5,430,231
75$7,913,160$786,433$153,570$5,908,360
76$8,661,018$765,684$99,431$6,433,846
77$9,483,290$742,050$41,610$7,011,519
78$10,387,507$715,333$0$7,646,701
79$11,381,968$685,319$0$8,346,976
80$12,475,814$651,785$0$9,120,999
81$13,679,118$614,494$0$9,972,363
82$15,002,979$573,194$0$10,908,946
83$16,459,624$527,622$0$11,939,432
84$18,062,526$477,496$0$13,073,393
85$19,826,531$422,521$0$14,321,378
86$21,767,996$362,384$0$15,695,016
87$23,904,944$296,753$0$17,207,122
88$26,257,234$225,279$0$18,871,822
89$28,846,748$147,594$0$20,704,687
90$31,697,598$63,308$0$22,722,877
91$34,836,352$0$0$24,945,306
92$38,292,284$0$0$27,401,138
93$42,097,655$0$0$30,126,055
94$46,288,009$0$0$33,126,708
95$50,902,516$0$0$36,431,153
96$55,984,337$0$0$40,070,306
97$61,581,030$0$0$44,078,233
98$67,745,005$0$0$48,492,471
99$74,534,010$0$0$53,354,388
100$82,011,682$0$0$58,709,563