Can I retire at age 46 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$58,631$58,109$57,599$57,102$56,616$55,701
2 years$29,025$28,485$27,961$27,453$26,960$26,041
3 years$19,158$18,615$18,093$17,589$17,105$16,210
4 years$14,225$13,684$13,167$12,672$12,199$11,335
5 years$11,266$10,728$10,218$9,733$9,274$8,443
6 years$9,295$8,761$8,258$7,784$7,338$6,542
7 years$7,887$7,357$6,862$6,400$5,968$5,207
8 years$6,831$6,306$5,820$5,368$4,951$4,225
9 years$6,011$5,491$5,012$4,573$4,169$3,478
10 years$5,355$4,840$4,370$3,942$3,552$2,895
11 years$4,818$4,309$3,847$3,430$3,055$2,430
12 years$4,372$3,867$3,414$3,009$2,648$2,055
13 years$3,994$3,495$3,050$2,656$2,309$1,748
14 years$3,670$3,177$2,741$2,358$2,024$1,493
15 years$3,390$2,902$2,475$2,103$1,782$1,281
16 years$3,146$2,663$2,244$1,883$1,575$1,102
17 years$2,930$2,452$2,042$1,692$1,396$951
18 years$2,738$2,266$1,864$1,525$1,242$823
19 years$2,567$2,100$1,706$1,378$1,107$713
20 years$2,413$1,951$1,566$1,248$989$619
21 years$2,274$1,818$1,440$1,132$885$538
22 years$2,148$1,697$1,327$1,030$793$469
23 years$2,033$1,587$1,226$938$712$408
24 years$1,927$1,487$1,133$855$640$356
25 years$1,830$1,395$1,050$781$576$311
26 years$1,741$1,311$974$714$519$272
27 years$1,659$1,234$904$654$468$238
28 years$1,582$1,163$841$599$422$208
29 years$1,511$1,097$782$549$381$182
30 years$1,445$1,036$729$504$344$159
31 years$1,383$979$679$463$311$139
32 years$1,326$927$634$425$281$122
33 years$1,272$878$592$391$255$107
34 years$1,221$832$553$360$231$94
35 years$1,173$789$517$331$209$82
36 years$1,128$749$484$305$189$72
37 years$1,085$711$453$281$172$63
38 years$1,045$676$424$259$156$55
39 years$1,007$643$397$239$141$49
40 years$971$612$372$220$128$43
41 years$936$582$349$203$116$37
42 years$904$554$327$188$105$33
43 years$873$528$307$173$96$29
44 years$844$503$288$160$87$25
45 years$816$480$271$148$79$22
46 years$789$458$254$136$72$19
47 years$763$437$239$126$65$17
48 years$739$417$225$117$59$15
49 years$716$398$211$108$54$13
50 years$693$381$198$100$49$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $710,000, adding $6,216 every year, while hoping to spend $42,774 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: 48/25/27 Blend
45$710,000$710,000$710,000$710,000
46$788,832$751,202$740,197$820,361
47$823,781$742,499$719,482$834,433
48$860,862$731,937$696,640$845,004
49$900,247$719,379$671,554$855,647
50$942,123$704,679$644,102$866,390
51$986,697$687,686$614,157$877,266
52$1,034,195$668,237$581,586$888,316
53$1,084,864$646,162$546,250$899,585
54$1,138,974$621,278$508,003$911,130
55$1,196,822$593,393$466,694$923,014
56$1,258,733$562,304$422,164$935,313
57$1,325,064$527,798$374,246$948,112
58$1,396,205$489,645$322,769$961,511
59$1,472,587$447,606$267,550$975,622
60$1,554,680$401,428$208,402$990,577
61$1,643,001$350,841$145,127$1,006,522
62$1,738,117$295,563$77,519$1,023,628
63$1,840,652$235,293$5,363$1,042,085
64$1,951,291$169,715$0$1,062,110
65$2,070,787$98,495$0$1,104,587
66$2,199,966$21,279$0$1,152,145
67$2,339,736$0$0$1,203,619
68$2,491,098$0$0$1,276,573
69$2,655,149$0$0$1,362,055
70$2,833,096$0$0$1,454,846
71$3,026,269$0$0$1,555,648
72$3,236,128$0$0$1,665,233
73$3,464,279$0$0$1,784,450
74$3,712,491$0$0$1,914,232
75$3,982,708$0$0$2,055,606
76$4,277,071$0$0$2,209,703
77$4,597,935$0$0$2,377,767
78$4,947,892$0$0$2,561,168
79$5,329,795$0$0$2,761,413
80$5,746,785$0$0$2,980,162
81$6,202,318$0$0$3,219,242
82$6,700,201$0$0$3,480,664
83$7,244,622$0$0$3,766,641
84$7,840,197$0$0$4,079,614
85$8,492,003$0$0$4,422,266
86$9,205,635$0$0$4,797,555
87$9,987,253$0$0$5,208,735
88$10,843,638$0$0$5,659,394
89$11,782,262$0$0$6,153,480
90$12,811,351$0$0$6,695,343
91$13,939,968$0$0$7,289,774
92$15,178,092$0$0$7,942,049
93$16,536,716$0$0$8,657,980
94$18,027,950$0$0$9,443,971
95$19,665,131$0$0$10,307,073
96$21,462,951$0$0$11,255,056
97$23,437,597$0$0$12,296,478
98$25,606,897$0$0$13,440,767
99$27,990,494$0$0$14,698,310
100$30,610,027$0$0$16,080,551