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%14.2%
1 years$59,457$58,927$58,411$57,906$57,414$56,416
2 years$29,434$28,886$28,355$27,840$27,340$26,338
3 years$19,428$18,877$18,347$17,837$17,346$16,371
4 years$14,426$13,877$13,352$12,851$12,371$11,431
5 years$11,425$10,880$10,362$9,870$9,404$8,501
6 years$9,425$8,884$8,374$7,894$7,441$6,576
7 years$7,998$7,461$6,959$6,490$6,052$5,225
8 years$6,927$6,395$5,902$5,444$5,020$4,232
9 years$6,095$5,568$5,083$4,637$4,228$3,478
10 years$5,430$4,908$4,431$3,997$3,602$2,889
11 years$4,886$4,369$3,901$3,479$3,098$2,421
12 years$4,433$3,922$3,462$3,051$2,685$2,043
13 years$4,050$3,544$3,093$2,694$2,341$1,734
14 years$3,722$3,221$2,779$2,391$2,052$1,479
15 years$3,438$2,943$2,509$2,133$1,807$1,266
16 years$3,190$2,700$2,275$1,910$1,597$1,087
17 years$2,971$2,487$2,070$1,716$1,416$936
18 years$2,777$2,298$1,890$1,546$1,259$808
19 years$2,603$2,130$1,730$1,397$1,122$699
20 years$2,447$1,979$1,588$1,265$1,002$605
21 years$2,306$1,843$1,461$1,148$897$525
22 years$2,178$1,721$1,346$1,044$804$456
23 years$2,061$1,609$1,243$951$722$397
24 years$1,954$1,508$1,149$867$649$345
25 years$1,856$1,415$1,065$792$584$301
26 years$1,766$1,330$987$724$526$262
27 years$1,682$1,252$917$663$474$229
28 years$1,605$1,179$852$607$428$199
29 years$1,533$1,113$793$557$386$174
30 years$1,466$1,051$739$511$349$152
31 years$1,403$993$689$469$316$133
32 years$1,344$940$643$431$285$116
33 years$1,289$890$600$397$258$101
34 years$1,238$844$561$365$234$89
35 years$1,189$800$524$336$212$78
36 years$1,144$759$490$309$192$68
37 years$1,100$721$459$285$174$59
38 years$1,060$685$430$263$158$52
39 years$1,021$652$403$242$143$45
40 years$984$620$377$224$130$40
41 years$950$590$354$206$118$35
42 years$917$562$332$190$107$30
43 years$885$536$312$176$97$27
44 years$855$511$292$162$88$23
45 years$827$487$275$150$80$20
46 years$800$464$258$138$73$18
47 years$774$443$242$128$66$16
48 years$749$423$228$118$60$14
49 years$726$404$214$109$54$12
50 years$703$386$201$101$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $720,000, adding $3,114 every year, while hoping to spend $24,450 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: 71/21/8 Blend
45$720,000$720,000$720,000$720,000
46$796,652$758,492$747,332$851,920
47$851,896$769,644$746,353$900,015
48$911,955$780,522$744,522$949,322
49$977,295$791,088$741,784$1,002,619
50$1,048,428$801,300$738,083$1,060,292
51$1,125,917$811,113$733,358$1,122,769
52$1,210,383$820,480$727,547$1,190,519
53$1,302,506$829,348$720,584$1,264,058
54$1,403,040$837,664$712,402$1,343,957
55$1,512,809$845,369$702,927$1,430,844
56$1,632,725$852,401$692,084$1,525,411
57$1,763,789$858,695$679,795$1,628,421
58$1,907,105$864,180$665,977$1,740,714
59$2,063,885$868,781$650,543$1,863,219
60$2,235,469$872,418$633,403$1,996,954
61$2,423,327$875,007$614,463$2,143,048
62$2,629,082$876,458$593,623$2,302,739
63$2,854,519$876,675$570,780$2,477,396
64$3,101,605$875,557$545,826$2,668,527
65$3,372,505$872,996$518,648$2,877,792
66$3,669,605$868,877$489,127$3,107,023
67$3,995,532$863,079$457,140$3,358,238
68$4,353,179$855,473$422,557$3,633,664
69$4,745,735$845,923$385,244$3,935,753
70$5,176,711$834,284$345,061$4,267,209
71$5,649,973$820,402$301,858$4,631,012
72$6,169,783$804,114$255,483$5,030,447
73$6,740,835$785,250$205,776$5,469,136
74$7,368,298$763,625$152,568$5,951,069
75$8,057,870$739,048$95,684$6,480,648
76$8,815,825$711,313$34,941$7,062,723
77$9,649,077$680,206$0$7,702,638
78$10,565,243$645,496$0$8,408,838
79$11,572,715$606,942$0$9,188,617
80$12,680,738$564,288$0$10,046,166
81$13,899,499$517,264$0$10,989,396
82$15,240,221$465,584$0$12,027,026
83$16,715,271$408,944$0$13,168,664
84$18,338,273$347,027$0$14,424,900
85$20,124,239$279,494$0$15,807,406
86$22,089,711$205,989$0$17,329,046
87$24,252,915$126,135$0$19,003,996
88$26,633,932$39,536$0$20,847,882
89$29,254,890$0$0$22,877,924
90$32,140,171$0$0$25,125,634
91$35,316,642$0$0$27,610,291
92$38,813,905$0$0$30,345,922
93$42,664,580$0$0$33,358,047
94$46,904,611$0$0$36,674,790
95$51,573,604$0$0$40,327,138
96$56,715,204$0$0$44,349,238
97$62,377,502$0$0$48,778,718
98$68,613,491$0$0$53,657,040
99$75,481,564$0$0$59,029,891
100$83,046,071$0$0$64,947,618