Can I retire at age 46 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$59,457$58,927$58,411$57,906$57,414$56,579
2 years$29,434$28,886$28,355$27,840$27,340$26,501
3 years$19,428$18,877$18,347$17,837$17,346$16,528
4 years$14,426$13,877$13,352$12,851$12,371$11,581
5 years$11,425$10,880$10,362$9,870$9,404$8,645
6 years$9,425$8,884$8,374$7,894$7,441$6,713
7 years$7,998$7,461$6,959$6,490$6,052$5,355
8 years$6,927$6,395$5,902$5,444$5,020$4,355
9 years$6,095$5,568$5,083$4,637$4,228$3,593
10 years$5,430$4,908$4,431$3,997$3,602$2,998
11 years$4,886$4,369$3,901$3,479$3,098$2,524
12 years$4,433$3,922$3,462$3,051$2,685$2,139
13 years$4,050$3,544$3,093$2,694$2,341$1,824
14 years$3,722$3,221$2,779$2,391$2,052$1,563
15 years$3,438$2,943$2,509$2,133$1,807$1,344
16 years$3,190$2,700$2,275$1,910$1,597$1,160
17 years$2,971$2,487$2,070$1,716$1,416$1,004
18 years$2,777$2,298$1,890$1,546$1,259$871
19 years$2,603$2,130$1,730$1,397$1,122$757
20 years$2,447$1,979$1,588$1,265$1,002$659
21 years$2,306$1,843$1,461$1,148$897$575
22 years$2,178$1,721$1,346$1,044$804$502
23 years$2,061$1,609$1,243$951$722$439
24 years$1,954$1,508$1,149$867$649$384
25 years$1,856$1,415$1,065$792$584$336
26 years$1,766$1,330$987$724$526$295
27 years$1,682$1,252$917$663$474$259
28 years$1,605$1,179$852$607$428$227
29 years$1,533$1,113$793$557$386$199
30 years$1,466$1,051$739$511$349$175
31 years$1,403$993$689$469$316$154
32 years$1,344$940$643$431$285$135
33 years$1,289$890$600$397$258$119
34 years$1,238$844$561$365$234$104
35 years$1,189$800$524$336$212$92
36 years$1,144$759$490$309$192$81
37 years$1,100$721$459$285$174$71
38 years$1,060$685$430$263$158$63
39 years$1,021$652$403$242$143$55
40 years$984$620$377$224$130$49
41 years$950$590$354$206$118$43
42 years$917$562$332$190$107$38
43 years$885$536$312$176$97$33
44 years$855$511$292$162$88$29
45 years$827$487$275$150$80$26
46 years$800$464$258$138$73$23
47 years$774$443$242$128$66$20
48 years$749$423$228$118$60$18
49 years$726$404$214$109$54$15
50 years$703$386$201$101$49$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $720,000, adding $6,562 every year, while hoping to spend $31,483 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: 56/31/13 Blend
45$720,000$720,000$720,000$720,000
46$800,209$762,049$750,889$842,002
47$848,332$765,891$742,546$874,916
48$900,309$768,867$732,868$906,740
49$956,500$770,900$721,778$940,671
50$1,017,299$771,911$709,194$976,915
51$1,083,141$771,812$695,030$1,015,702
52$1,154,505$770,514$679,197$1,057,284
53$1,231,916$767,921$661,601$1,101,943
54$1,315,951$763,929$642,145$1,149,988
55$1,407,248$758,431$620,726$1,201,764
56$1,506,504$751,311$597,237$1,257,649
57$1,614,489$742,447$571,567$1,318,065
58$1,732,050$731,711$543,597$1,383,475
59$1,860,118$718,963$513,207$1,454,394
60$1,999,719$704,061$480,267$1,531,390
61$2,151,979$686,849$444,645$1,615,090
62$2,318,141$667,164$406,201$1,706,190
63$2,499,571$644,835$364,788$1,805,458
64$2,697,774$619,678$320,255$1,913,742
65$2,914,405$591,502$272,443$2,031,980
66$3,151,290$560,100$221,184$2,161,210
67$3,410,434$525,258$166,307$2,302,575
68$3,694,049$486,746$107,629$2,457,343
69$4,004,569$444,323$44,961$2,626,911
70$4,344,674$397,735$0$2,812,824
71$4,717,317$346,709$0$3,019,829
72$5,125,748$290,963$0$3,253,624
73$5,573,547$230,193$0$3,510,076
74$6,064,659$164,083$0$3,791,516
75$6,603,427$92,296$0$4,100,515
76$7,194,635$14,476$0$4,439,910
77$7,843,551$0$0$4,812,830
78$8,555,982$0$0$5,246,523
79$9,338,321$0$0$5,728,263
80$10,197,612$0$0$6,257,459
81$11,141,614$0$0$6,838,897
82$12,178,876$0$0$7,477,853
83$13,318,814$0$0$8,180,135
84$14,571,803$0$0$8,952,145
85$15,949,272$0$0$9,800,937
86$17,463,815$0$0$10,734,278
87$19,129,304$0$0$11,760,731
88$20,961,024$0$0$12,889,725
89$22,975,817$0$0$14,131,653
90$25,192,237$0$0$15,497,964
91$27,630,728$0$0$17,001,272
92$30,313,814$0$0$18,655,477
93$33,266,315$0$0$20,475,894
94$36,515,577$0$0$22,479,395
95$40,091,730$0$0$24,684,576
96$44,027,975$0$0$27,111,921
97$48,360,895$0$0$29,784,005
98$53,130,797$0$0$32,725,703
99$58,382,097$0$0$35,964,420
100$64,163,737$0$0$39,530,359