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%11.8%
1 years$57,805$57,290$56,788$56,298$55,819$55,398
2 years$28,617$28,084$27,567$27,066$26,580$26,156
3 years$18,888$18,353$17,838$17,342$16,864$16,449
4 years$14,025$13,491$12,981$12,494$12,027$11,625
5 years$11,108$10,577$10,074$9,596$9,143$8,755
6 years$9,164$8,637$8,141$7,674$7,235$6,861
7 years$7,776$7,254$6,765$6,309$5,884$5,525
8 years$6,735$6,218$5,738$5,293$4,881$4,537
9 years$5,926$5,414$4,942$4,508$4,111$3,781
10 years$5,279$4,772$4,308$3,886$3,502$3,187
11 years$4,750$4,248$3,793$3,382$3,012$2,711
12 years$4,310$3,813$3,366$2,967$2,610$2,324
13 years$3,938$3,446$3,008$2,619$2,276$2,003
14 years$3,619$3,132$2,702$2,325$1,995$1,736
15 years$3,343$2,861$2,440$2,073$1,757$1,510
16 years$3,101$2,625$2,212$1,857$1,553$1,319
17 years$2,889$2,418$2,013$1,668$1,377$1,155
18 years$2,700$2,234$1,837$1,503$1,224$1,014
19 years$2,531$2,070$1,682$1,358$1,091$892
20 years$2,379$1,924$1,544$1,230$975$787
21 years$2,242$1,792$1,420$1,117$872$695
22 years$2,117$1,673$1,309$1,015$782$615
23 years$2,004$1,565$1,208$925$702$544
24 years$1,900$1,466$1,118$843$631$483
25 years$1,805$1,376$1,035$770$568$428
26 years$1,717$1,293$960$704$511$381
27 years$1,635$1,217$891$645$461$338
28 years$1,560$1,147$829$591$416$301
29 years$1,490$1,082$771$542$376$268
30 years$1,425$1,021$718$497$339$239
31 years$1,364$966$670$456$307$213
32 years$1,307$914$625$419$278$190
33 years$1,254$865$583$386$251$169
34 years$1,203$820$545$355$227$151
35 years$1,156$778$510$327$206$135
36 years$1,112$738$477$301$187$120
37 years$1,070$701$446$277$169$107
38 years$1,030$666$418$256$153$96
39 years$993$634$391$236$139$85
40 years$957$603$367$217$126$76
41 years$923$574$344$201$114$68
42 years$891$547$323$185$104$61
43 years$861$521$303$171$94$54
44 years$832$496$284$158$86$49
45 years$804$473$267$146$78$43
46 years$778$452$251$135$70$39
47 years$753$431$236$124$64$35
48 years$728$411$221$115$58$31
49 years$705$393$208$106$53$28
50 years$683$375$196$98$48$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $700,000, adding $6,465 every year, while hoping to spend $53,780 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: 61/17/22 Blend
45$700,000$700,000$700,000$700,000
46$778,069$740,969$730,119$820,658
47$800,210$720,055$697,356$829,341
48$822,808$696,313$661,694$832,330
49$845,851$669,549$622,977$834,389
50$869,326$639,556$581,046$835,437
51$893,218$606,115$535,731$835,385
52$917,507$568,995$486,859$834,139
53$942,168$527,951$434,244$831,598
54$967,173$482,725$377,695$827,654
55$992,490$433,043$317,013$822,189
56$1,018,078$378,617$251,987$815,080
57$1,043,894$319,141$182,401$806,191
58$1,069,885$254,293$108,025$795,379
59$1,095,992$183,732$28,622$782,489
60$1,122,147$107,098$0$767,356
61$1,148,271$24,012$0$762,971
62$1,174,278$0$0$763,999
63$1,200,068$0$0$775,903
64$1,225,528$0$0$792,047
65$1,250,530$0$0$807,853
66$1,274,933$0$0$823,224
67$1,298,576$0$0$838,052
68$1,321,278$0$0$852,215
69$1,342,839$0$0$865,575
70$1,363,033$0$0$877,981
71$1,381,609$0$0$889,263
72$1,398,285$0$0$899,229
73$1,412,748$0$0$907,668
74$1,424,649$0$0$914,345
75$1,433,599$0$0$918,997
76$1,439,168$0$0$921,332
77$1,440,873$0$0$921,026
78$1,438,183$0$0$917,720
79$1,430,503$0$0$911,012
80$1,417,177$0$0$900,460
81$1,397,476$0$0$885,573
82$1,370,592$0$0$865,805
83$1,335,629$0$0$840,552
84$1,291,594$0$0$809,147
85$1,237,389$0$0$770,848
86$1,171,798$0$0$724,836
87$1,093,475$0$0$670,205
88$1,000,930$0$0$605,952
89$892,518$0$0$530,968
90$766,417$0$0$444,027
91$620,613$0$0$343,773
92$452,882$0$0$228,708
93$260,765$0$0$97,178
94$41,546$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0