Can I retire at age 46 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$57,805$57,290$56,788$56,298$55,819$54,054
2 years$28,617$28,084$27,567$27,066$26,580$24,818
3 years$18,888$18,353$17,838$17,342$16,864$15,159
4 years$14,025$13,491$12,981$12,494$12,027$10,394
5 years$11,108$10,577$10,074$9,596$9,143$7,585
6 years$9,164$8,637$8,141$7,674$7,235$5,754
7 years$7,776$7,254$6,765$6,309$5,884$4,480
8 years$6,735$6,218$5,738$5,293$4,881$3,553
9 years$5,926$5,414$4,942$4,508$4,111$2,857
10 years$5,279$4,772$4,308$3,886$3,502$2,321
11 years$4,750$4,248$3,793$3,382$3,012$1,901
12 years$4,310$3,813$3,366$2,967$2,610$1,567
13 years$3,938$3,446$3,008$2,619$2,276$1,298
14 years$3,619$3,132$2,702$2,325$1,995$1,080
15 years$3,343$2,861$2,440$2,073$1,757$901
16 years$3,101$2,625$2,212$1,857$1,553$755
17 years$2,889$2,418$2,013$1,668$1,377$633
18 years$2,700$2,234$1,837$1,503$1,224$532
19 years$2,531$2,070$1,682$1,358$1,091$448
20 years$2,379$1,924$1,544$1,230$975$378
21 years$2,242$1,792$1,420$1,117$872$319
22 years$2,117$1,673$1,309$1,015$782$269
23 years$2,004$1,565$1,208$925$702$228
24 years$1,900$1,466$1,118$843$631$192
25 years$1,805$1,376$1,035$770$568$163
26 years$1,717$1,293$960$704$511$138
27 years$1,635$1,217$891$645$461$117
28 years$1,560$1,147$829$591$416$99
29 years$1,490$1,082$771$542$376$84
30 years$1,425$1,021$718$497$339$71
31 years$1,364$966$670$456$307$60
32 years$1,307$914$625$419$278$51
33 years$1,254$865$583$386$251$43
34 years$1,203$820$545$355$227$37
35 years$1,156$778$510$327$206$31
36 years$1,112$738$477$301$187$26
37 years$1,070$701$446$277$169$22
38 years$1,030$666$418$256$153$19
39 years$993$634$391$236$139$16
40 years$957$603$367$217$126$14
41 years$923$574$344$201$114$12
42 years$891$547$323$185$104$10
43 years$861$521$303$171$94$8
44 years$832$496$284$158$86$7
45 years$804$473$267$146$78$6
46 years$778$452$251$135$70$5
47 years$753$431$236$124$64$4
48 years$728$411$221$115$58$4
49 years$705$393$208$106$53$3
50 years$683$375$196$98$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $700,000, adding $4,573 every year, while hoping to spend $34,907 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: 76/12/12 Blend
45$700,000$700,000$700,000$700,000
46$776,117$739,017$728,167$832,936
47$818,140$738,088$715,420$870,093
48$863,280$735,944$701,076$905,951
49$911,817$732,487$685,044$944,284
50$964,060$727,617$667,231$985,325
51$1,020,348$721,224$647,537$1,029,332
52$1,081,052$713,193$625,859$1,076,590
53$1,146,583$703,403$602,088$1,127,412
54$1,217,388$691,723$576,112$1,182,144
55$1,293,962$678,018$547,812$1,241,169
56$1,376,847$662,142$517,064$1,304,906
57$1,466,639$643,941$483,740$1,373,820
58$1,563,995$623,253$447,704$1,448,424
59$1,669,636$599,905$408,816$1,529,282
60$1,784,355$573,717$366,927$1,617,018
61$1,909,024$544,494$321,884$1,712,319
62$2,044,603$512,033$273,526$1,815,944
63$2,192,149$476,118$221,685$1,928,729
64$2,352,822$436,522$166,186$2,051,597
65$2,527,903$393,004$106,845$2,185,565
66$2,718,796$345,309$43,472$2,331,758
67$2,927,052$293,168$0$2,491,413
68$3,154,374$236,296$0$2,668,989
69$3,402,640$174,394$0$2,869,042
70$3,673,913$107,143$0$3,087,689
71$3,970,470$34,210$0$3,326,793
72$4,294,812$0$0$3,588,405
73$4,649,696$0$0$3,880,698
74$5,038,159$0$0$4,205,617
75$5,463,542$0$0$4,561,444
76$5,929,525$0$0$4,951,262
77$6,440,164$0$0$5,378,465
78$6,999,920$0$0$5,846,790
79$7,613,713$0$0$6,360,356
80$8,286,955$0$0$6,923,698
81$9,025,613$0$0$7,541,809
82$9,836,256$0$0$8,220,193
83$10,726,120$0$0$8,964,909
84$11,703,177$0$0$9,782,633
85$12,776,208$0$0$10,680,719
86$13,954,886$0$0$11,667,268
87$15,249,868$0$0$12,751,205
88$16,672,893$0$0$13,942,359
89$18,236,895$0$0$15,251,564
90$19,956,120$0$0$16,690,750
91$21,846,267$0$0$18,273,064
92$23,924,629$0$0$20,012,990
93$26,210,260$0$0$21,926,485
94$28,724,154$0$0$24,031,129
95$31,489,439$0$0$26,346,294
96$34,531,598$0$0$28,893,321
97$37,878,711$0$0$31,695,726
98$41,561,713$0$0$34,779,417
99$45,614,691$0$0$38,172,943
100$50,075,204$0$0$41,907,759