Can I retire at age 46 with 710,000?

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 $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%19.6%
1 years$58,631$58,109$57,599$57,102$56,616$54,435
2 years$29,025$28,485$27,961$27,453$26,960$24,788
3 years$19,158$18,615$18,093$17,589$17,105$15,011
4 years$14,225$13,684$13,167$12,672$12,199$10,199
5 years$11,266$10,728$10,218$9,733$9,274$7,373
6 years$9,295$8,761$8,258$7,784$7,338$5,537
7 years$7,887$7,357$6,862$6,400$5,968$4,267
8 years$6,831$6,306$5,820$5,368$4,951$3,348
9 years$6,011$5,491$5,012$4,573$4,169$2,663
10 years$5,355$4,840$4,370$3,942$3,552$2,139
11 years$4,818$4,309$3,847$3,430$3,055$1,731
12 years$4,372$3,867$3,414$3,009$2,648$1,410
13 years$3,994$3,495$3,050$2,656$2,309$1,154
14 years$3,670$3,177$2,741$2,358$2,024$948
15 years$3,390$2,902$2,475$2,103$1,782$781
16 years$3,146$2,663$2,244$1,883$1,575$646
17 years$2,930$2,452$2,042$1,692$1,396$534
18 years$2,738$2,266$1,864$1,525$1,242$443
19 years$2,567$2,100$1,706$1,378$1,107$368
20 years$2,413$1,951$1,566$1,248$989$306
21 years$2,274$1,818$1,440$1,132$885$255
22 years$2,148$1,697$1,327$1,030$793$212
23 years$2,033$1,587$1,226$938$712$177
24 years$1,927$1,487$1,133$855$640$147
25 years$1,830$1,395$1,050$781$576$123
26 years$1,741$1,311$974$714$519$103
27 years$1,659$1,234$904$654$468$86
28 years$1,582$1,163$841$599$422$72
29 years$1,511$1,097$782$549$381$60
30 years$1,445$1,036$729$504$344$50
31 years$1,383$979$679$463$311$42
32 years$1,326$927$634$425$281$35
33 years$1,272$878$592$391$255$29
34 years$1,221$832$553$360$231$24
35 years$1,173$789$517$331$209$20
36 years$1,128$749$484$305$189$17
37 years$1,085$711$453$281$172$14
38 years$1,045$676$424$259$156$12
39 years$1,007$643$397$239$141$10
40 years$971$612$372$220$128$8
41 years$936$582$349$203$116$7
42 years$904$554$327$188$105$6
43 years$873$528$307$173$96$5
44 years$844$503$288$160$87$4
45 years$816$480$271$148$79$3
46 years$789$458$254$136$72$3
47 years$763$437$239$126$65$2
48 years$739$417$225$117$59$2
49 years$716$398$211$108$54$2
50 years$693$381$198$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $710,000, adding $2,439 every year, while hoping to spend $46,764 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: 36/40/24 Blend
45$710,000$710,000$710,000$710,000
46$784,936$747,306$736,301$807,439
47$815,243$734,167$711,210$811,091
48$847,074$718,818$683,712$810,558
49$880,535$701,099$653,676$809,052
50$915,741$680,845$620,966$806,514
51$952,818$657,878$585,440$802,885
52$991,903$632,011$546,949$798,104
53$1,033,144$603,047$505,339$792,109
54$1,076,704$570,775$460,447$784,835
55$1,122,760$534,975$412,104$776,219
56$1,171,504$495,412$360,133$766,195
57$1,223,149$451,838$304,348$754,696
58$1,277,924$403,992$244,558$741,658
59$1,336,081$351,597$180,560$727,013
60$1,397,897$294,361$112,144$710,696
61$1,463,672$231,974$39,091$692,644
62$1,533,737$164,111$0$672,793
63$1,608,453$90,427$0$661,037
64$1,688,215$10,558$0$658,695
65$1,773,458$0$0$655,755
66$1,864,656$0$0$685,635
67$1,962,331$0$0$722,681
68$2,067,054$0$0$762,468
69$2,179,454$0$0$805,246
70$2,300,217$0$0$851,284
71$2,430,099$0$0$900,881
72$2,569,930$0$0$954,365
73$2,720,621$0$0$1,012,094
74$2,883,171$0$0$1,074,463
75$3,058,681$0$0$1,141,907
76$3,248,357$0$0$1,214,902
77$3,453,528$0$0$1,293,973
78$3,675,653$0$0$1,379,697
79$3,916,334$0$0$1,472,707
80$4,177,337$0$0$1,573,701
81$4,460,600$0$0$1,683,446
82$4,768,258$0$0$1,802,786
83$5,102,655$0$0$1,932,648
84$5,466,375$0$0$2,074,055
85$5,862,256$0$0$2,228,130
86$6,293,423$0$0$2,396,110
87$6,763,317$0$0$2,579,357
88$7,275,720$0$0$2,779,368
89$7,834,798$0$0$2,997,794
90$8,445,137$0$0$3,236,449
91$9,111,782$0$0$3,497,332
92$9,840,290$0$0$3,782,645
93$10,636,779$0$0$4,094,810
94$11,507,981$0$0$4,436,496
95$12,461,313$0$0$4,810,640
96$13,504,940$0$0$5,220,477
97$14,647,852$0$0$5,669,572
98$15,899,952$0$0$6,161,847
99$17,272,144$0$0$6,701,624
100$18,776,437$0$0$7,293,664