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%19.9%
1 years$57,805$57,290$56,788$56,298$55,819$53,604
2 years$28,617$28,084$27,567$27,066$26,580$24,377
3 years$18,888$18,353$17,838$17,342$16,864$14,740
4 years$14,025$13,491$12,981$12,494$12,027$10,000
5 years$11,108$10,577$10,074$9,596$9,143$7,218
6 years$9,164$8,637$8,141$7,674$7,235$5,412
7 years$7,776$7,254$6,765$6,309$5,884$4,163
8 years$6,735$6,218$5,738$5,293$4,881$3,261
9 years$5,926$5,414$4,942$4,508$4,111$2,588
10 years$5,279$4,772$4,308$3,886$3,502$2,075
11 years$4,750$4,248$3,793$3,382$3,012$1,677
12 years$4,310$3,813$3,366$2,967$2,610$1,363
13 years$3,938$3,446$3,008$2,619$2,276$1,113
14 years$3,619$3,132$2,702$2,325$1,995$912
15 years$3,343$2,861$2,440$2,073$1,757$750
16 years$3,101$2,625$2,212$1,857$1,553$619
17 years$2,889$2,418$2,013$1,668$1,377$511
18 years$2,700$2,234$1,837$1,503$1,224$423
19 years$2,531$2,070$1,682$1,358$1,091$350
20 years$2,379$1,924$1,544$1,230$975$291
21 years$2,242$1,792$1,420$1,117$872$241
22 years$2,117$1,673$1,309$1,015$782$201
23 years$2,004$1,565$1,208$925$702$167
24 years$1,900$1,466$1,118$843$631$139
25 years$1,805$1,376$1,035$770$568$115
26 years$1,717$1,293$960$704$511$96
27 years$1,635$1,217$891$645$461$80
28 years$1,560$1,147$829$591$416$67
29 years$1,490$1,082$771$542$376$56
30 years$1,425$1,021$718$497$339$46
31 years$1,364$966$670$456$307$39
32 years$1,307$914$625$419$278$32
33 years$1,254$865$583$386$251$27
34 years$1,203$820$545$355$227$22
35 years$1,156$778$510$327$206$19
36 years$1,112$738$477$301$187$16
37 years$1,070$701$446$277$169$13
38 years$1,030$666$418$256$153$11
39 years$993$634$391$236$139$9
40 years$957$603$367$217$126$8
41 years$923$574$344$201$114$6
42 years$891$547$323$185$104$5
43 years$861$521$303$171$94$4
44 years$832$496$284$158$86$4
45 years$804$473$267$146$78$3
46 years$778$452$251$135$70$3
47 years$753$431$236$124$64$2
48 years$728$411$221$115$58$2
49 years$705$393$208$106$53$1
50 years$683$375$196$98$48$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $700,000, adding $5,751 every year, while hoping to spend $57,613 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: 69/20/11 Blend
45$700,000$700,000$700,000$700,000
46$777,332$740,232$729,382$828,791
47$795,320$715,204$692,517$838,665
48$813,212$687,018$652,485$841,967
49$830,937$655,459$609,121$844,061
50$848,416$620,300$562,250$844,819
51$865,558$581,298$511,689$844,101
52$882,263$538,200$457,248$841,755
53$898,417$490,734$398,729$837,616
54$913,892$438,618$335,923$831,504
55$928,547$381,548$268,615$823,223
56$942,222$319,207$196,577$812,560
57$954,739$251,259$119,572$799,283
58$965,900$177,348$37,356$783,137
59$975,484$97,099$0$763,847
60$983,243$10,117$0$747,025
61$988,904$0$0$731,494
62$992,161$0$0$731,030
63$992,676$0$0$730,685
64$990,072$0$0$727,945
65$983,931$0$0$722,492
66$973,789$0$0$713,971
67$959,132$0$0$701,992
68$939,389$0$0$686,119
69$913,928$0$0$665,872
70$882,051$0$0$640,718
71$842,981$0$0$610,066
72$795,862$0$0$573,263
73$739,743$0$0$529,587
74$673,576$0$0$478,238
75$596,198$0$0$418,333
76$506,327$0$0$348,894
77$402,542$0$0$268,840
78$283,275$0$0$176,979
79$146,792$0$0$71,990
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$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