Can I retire at age 46 with 690,000?

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 $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%17.5%
1 years$56,980$56,472$55,977$55,494$55,022$53,346
2 years$28,208$27,682$27,173$26,680$26,201$24,527
3 years$18,618$18,091$17,583$17,094$16,623$15,003
4 years$13,825$13,299$12,796$12,315$11,856$10,303
5 years$10,949$10,426$9,930$9,459$9,012$7,530
6 years$9,033$8,514$8,025$7,565$7,131$5,722
7 years$7,664$7,150$6,669$6,219$5,800$4,462
8 years$6,639$6,129$5,656$5,217$4,811$3,545
9 years$5,841$5,336$4,871$4,444$4,052$2,856
10 years$5,204$4,704$4,247$3,831$3,452$2,324
11 years$4,682$4,187$3,739$3,334$2,969$1,908
12 years$4,248$3,758$3,318$2,924$2,573$1,575
13 years$3,881$3,396$2,965$2,582$2,244$1,308
14 years$3,567$3,087$2,664$2,292$1,967$1,090
15 years$3,295$2,820$2,405$2,044$1,732$912
16 years$3,057$2,588$2,180$1,830$1,531$765
17 years$2,847$2,383$1,984$1,644$1,357$643
18 years$2,661$2,202$1,811$1,482$1,207$542
19 years$2,495$2,041$1,658$1,339$1,075$457
20 years$2,345$1,896$1,522$1,213$961$386
21 years$2,210$1,766$1,400$1,101$860$327
22 years$2,087$1,649$1,290$1,001$771$277
23 years$1,975$1,542$1,191$911$692$234
24 years$1,873$1,445$1,102$831$622$199
25 years$1,779$1,356$1,020$759$559$169
26 years$1,692$1,274$946$694$504$143
27 years$1,612$1,199$879$635$454$122
28 years$1,538$1,130$817$582$410$103
29 years$1,469$1,066$760$534$370$88
30 years$1,405$1,007$708$490$334$75
31 years$1,345$952$660$450$302$63
32 years$1,288$901$616$413$274$54
33 years$1,236$853$575$380$248$46
34 years$1,186$808$537$350$224$39
35 years$1,140$767$502$322$203$33
36 years$1,096$728$470$297$184$28
37 years$1,055$691$440$273$167$24
38 years$1,015$657$412$252$151$20
39 years$978$625$386$232$137$17
40 years$943$594$362$214$124$15
41 years$910$566$339$198$113$13
42 years$878$539$318$182$102$11
43 years$848$513$299$168$93$9
44 years$820$489$280$155$84$8
45 years$793$467$263$144$77$7
46 years$767$445$247$133$69$6
47 years$742$425$232$123$63$5
48 years$718$406$218$113$57$4
49 years$695$387$205$105$52$3
50 years$674$370$193$97$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $690,000, adding $3,477 every year, while hoping to spend $48,413 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: 49/28/23 Blend
45$690,000$690,000$690,000$690,000
46$763,967$727,397$716,702$796,285
47$790,380$711,528$689,200$803,284
48$817,865$693,259$659,155$805,733
49$846,480$672,421$626,429$807,405
50$876,287$648,836$590,880$808,246
51$907,354$622,315$552,360$808,202
52$939,752$592,657$510,713$807,217
53$973,561$559,650$465,775$805,232
54$1,008,863$523,073$417,378$802,186
55$1,045,751$482,686$365,344$798,017
56$1,084,321$438,242$309,486$792,661
57$1,124,680$389,474$249,613$786,051
58$1,166,944$336,104$185,521$778,120
59$1,211,236$277,837$116,999$768,797
60$1,257,691$214,361$43,829$758,013
61$1,306,457$145,346$0$745,695
62$1,357,692$70,444$0$740,177
63$1,411,569$0$0$745,003
64$1,468,277$0$0$752,693
65$1,528,020$0$0$783,688
66$1,591,020$0$0$816,403
67$1,657,522$0$0$850,967
68$1,727,790$0$0$887,522
69$1,802,113$0$0$926,224
70$1,880,807$0$0$967,240
71$1,964,216$0$0$1,010,756
72$2,052,717$0$0$1,056,974
73$2,146,722$0$0$1,106,114
74$2,246,682$0$0$1,158,418
75$2,353,088$0$0$1,214,151
76$2,466,482$0$0$1,273,602
77$2,587,453$0$0$1,337,089
78$2,716,648$0$0$1,404,960
79$2,854,778$0$0$1,477,595
80$3,002,620$0$0$1,555,413
81$3,161,026$0$0$1,638,871
82$3,330,931$0$0$1,728,475
83$3,513,363$0$0$1,824,774
84$3,709,447$0$0$1,928,376
85$3,920,420$0$0$2,039,945
86$4,147,639$0$0$2,160,214
87$4,392,596$0$0$2,289,983
88$4,656,928$0$0$2,430,137
89$4,942,436$0$0$2,581,643
90$5,251,095$0$0$2,745,567
91$5,585,081$0$0$2,923,080
92$5,946,782$0$0$3,115,470
93$6,338,825$0$0$3,324,151
94$6,764,099$0$0$3,550,682
95$7,225,780$0$0$3,796,774
96$7,727,363$0$0$4,064,311
97$8,272,691$0$0$4,355,365
98$8,865,992$0$0$4,672,217
99$9,511,918$0$0$5,017,374
100$10,215,589$0$0$5,393,598