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%18.5%
1 years$59,457$58,927$58,411$57,906$57,414$55,443
2 years$29,434$28,886$28,355$27,840$27,340$25,374
3 years$19,428$18,877$18,347$17,837$17,346$15,447
4 years$14,426$13,877$13,352$12,851$12,371$10,554
5 years$11,425$10,880$10,362$9,870$9,404$7,674
6 years$9,425$8,884$8,374$7,894$7,441$5,798
7 years$7,998$7,461$6,959$6,490$6,052$4,496
8 years$6,927$6,395$5,902$5,444$5,020$3,551
9 years$6,095$5,568$5,083$4,637$4,228$2,843
10 years$5,430$4,908$4,431$3,997$3,602$2,300
11 years$4,886$4,369$3,901$3,479$3,098$1,875
12 years$4,433$3,922$3,462$3,051$2,685$1,538
13 years$4,050$3,544$3,093$2,694$2,341$1,269
14 years$3,722$3,221$2,779$2,391$2,052$1,050
15 years$3,438$2,943$2,509$2,133$1,807$872
16 years$3,190$2,700$2,275$1,910$1,597$727
17 years$2,971$2,487$2,070$1,716$1,416$606
18 years$2,777$2,298$1,890$1,546$1,259$507
19 years$2,603$2,130$1,730$1,397$1,122$425
20 years$2,447$1,979$1,588$1,265$1,002$356
21 years$2,306$1,843$1,461$1,148$897$299
22 years$2,178$1,721$1,346$1,044$804$251
23 years$2,061$1,609$1,243$951$722$211
24 years$1,954$1,508$1,149$867$649$178
25 years$1,856$1,415$1,065$792$584$149
26 years$1,766$1,330$987$724$526$126
27 years$1,682$1,252$917$663$474$106
28 years$1,605$1,179$852$607$428$89
29 years$1,533$1,113$793$557$386$75
30 years$1,466$1,051$739$511$349$63
31 years$1,403$993$689$469$316$53
32 years$1,344$940$643$431$285$45
33 years$1,289$890$600$397$258$38
34 years$1,238$844$561$365$234$32
35 years$1,189$800$524$336$212$27
36 years$1,144$759$490$309$192$23
37 years$1,100$721$459$285$174$19
38 years$1,060$685$430$263$158$16
39 years$1,021$652$403$242$143$14
40 years$984$620$377$224$130$12
41 years$950$590$354$206$118$10
42 years$917$562$332$190$107$8
43 years$885$536$312$176$97$7
44 years$855$511$292$162$88$6
45 years$827$487$275$150$80$5
46 years$800$464$258$138$73$4
47 years$774$443$242$128$66$4
48 years$749$423$228$118$60$3
49 years$726$404$214$109$54$3
50 years$703$386$201$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $720,000, adding $5,508 every year, while hoping to spend $54,757 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: 42/39/19 Blend
45$720,000$720,000$720,000$720,000
46$799,122$760,962$749,802$828,029
47$822,371$739,988$716,659$828,069
48$846,156$716,151$680,571$822,365
49$870,475$689,253$641,380$815,050
50$895,322$659,084$598,925$806,005
51$920,688$625,423$553,033$795,100
52$946,565$588,035$503,526$782,202
53$972,938$546,672$450,217$767,165
54$999,790$501,072$392,912$749,836
55$1,027,101$450,957$331,407$730,052
56$1,054,846$396,034$265,489$707,641
57$1,082,994$335,994$194,937$682,418
58$1,111,511$270,510$119,520$654,188
59$1,140,356$199,235$38,994$622,743
60$1,169,480$121,805$0$587,862
61$1,198,828$37,835$0$558,827
62$1,228,337$0$0$534,927
63$1,257,933$0$0$530,818
64$1,287,533$0$0$542,900
65$1,317,044$0$0$554,888
66$1,346,357$0$0$566,732
67$1,375,352$0$0$578,375
68$1,403,892$0$0$589,752
69$1,431,823$0$0$600,788
70$1,458,972$0$0$611,404
71$1,485,145$0$0$621,506
72$1,510,124$0$0$630,992
73$1,533,666$0$0$639,748
74$1,555,500$0$0$647,645
75$1,575,320$0$0$654,541
76$1,592,788$0$0$660,277
77$1,607,527$0$0$664,676
78$1,619,117$0$0$667,540
79$1,627,088$0$0$668,651
80$1,630,921$0$0$667,766
81$1,630,038$0$0$664,614
82$1,623,797$0$0$658,896
83$1,611,486$0$0$650,278
84$1,592,313$0$0$638,394
85$1,565,404$0$0$622,833
86$1,529,786$0$0$603,145
87$1,484,383$0$0$578,826
88$1,428,004$0$0$549,323
89$1,359,329$0$0$514,022
90$1,276,898$0$0$472,243
91$1,179,095$0$0$423,234
92$1,064,132$0$0$366,166
93$930,033$0$0$300,120
94$774,613$0$0$224,080
95$595,456$0$0$136,924
96$389,893$0$0$37,413
97$154,974$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0