Can I retire at age 46 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$60,283$59,746$59,222$58,711$58,211$56,348
2 years$29,843$29,287$28,748$28,226$27,720$25,859
3 years$19,698$19,139$18,602$18,085$17,586$15,788
4 years$14,626$14,070$13,538$13,029$12,543$10,820
5 years$11,584$11,031$10,506$10,008$9,535$7,892
6 years$9,556$9,007$8,490$8,003$7,545$5,983
7 years$8,109$7,564$7,055$6,580$6,136$4,655
8 years$7,024$6,484$5,984$5,520$5,090$3,690
9 years$6,180$5,646$5,154$4,702$4,287$2,965
10 years$5,505$4,976$4,493$4,053$3,652$2,407
11 years$4,954$4,430$3,956$3,527$3,141$1,971
12 years$4,495$3,976$3,510$3,094$2,722$1,623
13 years$4,106$3,593$3,136$2,731$2,374$1,344
14 years$3,774$3,266$2,818$2,425$2,081$1,117
15 years$3,486$2,984$2,544$2,162$1,832$932
16 years$3,234$2,738$2,307$1,936$1,619$780
17 years$3,012$2,521$2,099$1,740$1,436$654
18 years$2,815$2,330$1,916$1,568$1,277$549
19 years$2,639$2,159$1,754$1,417$1,138$462
20 years$2,481$2,006$1,610$1,283$1,016$389
21 years$2,338$1,869$1,481$1,164$910$328
22 years$2,208$1,745$1,365$1,059$815$277
23 years$2,090$1,632$1,260$964$732$234
24 years$1,982$1,529$1,165$879$658$198
25 years$1,882$1,435$1,079$803$592$167
26 years$1,790$1,348$1,001$734$533$141
27 years$1,706$1,269$930$672$481$120
28 years$1,627$1,196$864$616$434$101
29 years$1,554$1,128$804$565$392$86
30 years$1,486$1,065$749$518$354$73
31 years$1,422$1,007$698$476$320$62
32 years$1,363$953$652$437$289$52
33 years$1,307$902$608$402$262$44
34 years$1,255$855$568$370$237$37
35 years$1,206$811$531$341$215$32
36 years$1,159$770$497$314$195$27
37 years$1,116$731$465$289$176$23
38 years$1,074$695$436$266$160$19
39 years$1,035$661$408$246$145$16
40 years$998$629$383$227$132$14
41 years$963$598$359$209$119$12
42 years$929$570$337$193$108$10
43 years$898$543$316$178$98$8
44 years$867$518$296$164$89$7
45 years$839$494$278$152$81$6
46 years$811$471$261$140$74$5
47 years$785$449$246$130$67$4
48 years$760$429$231$120$61$4
49 years$736$410$217$111$55$3
50 years$713$391$204$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $730,000, adding $2,070 every year, while hoping to spend $34,506 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: 44/46/10 Blend
45$730,000$730,000$730,000$730,000
46$806,595$767,905$756,590$839,689
47$852,154$768,818$745,222$863,795
48$901,203$768,620$732,316$886,230
49$954,062$767,219$717,785$909,767
50$1,011,082$764,518$701,537$934,520
51$1,072,649$760,417$683,475$960,616
52$1,139,187$754,804$663,499$988,199
53$1,211,161$747,567$641,503$1,017,428
54$1,289,084$738,582$617,378$1,048,480
55$1,373,517$727,719$591,007$1,081,555
56$1,465,081$714,842$562,270$1,116,874
57$1,564,455$699,805$531,042$1,154,683
58$1,672,388$682,455$497,191$1,195,259
59$1,789,704$662,628$460,580$1,238,907
60$1,917,309$640,151$421,063$1,285,968
61$2,056,198$614,842$378,493$1,336,823
62$2,207,468$586,507$332,710$1,391,893
63$2,372,327$554,943$283,553$1,451,649
64$2,552,101$519,932$230,849$1,516,611
65$2,748,253$481,247$174,420$1,587,361
66$2,962,392$438,644$114,080$1,664,542
67$3,196,288$391,870$49,634$1,748,870
68$3,451,890$340,653$0$1,841,139
69$3,731,346$284,708$0$1,944,272
70$4,037,019$223,734$0$2,062,989
71$4,371,510$157,412$0$2,193,098
72$4,737,685$85,406$0$2,335,823
73$5,138,698$7,360$0$2,492,524
74$5,578,024$0$0$2,664,705
75$6,059,490$0$0$2,893,056
76$6,587,309$0$0$3,147,566
77$7,166,124$0$0$3,426,757
78$7,801,044$0$0$3,733,107
79$8,497,702$0$0$4,069,344
80$9,262,299$0$0$4,438,474
81$10,101,667$0$0$4,843,809
82$11,023,330$0$0$5,288,995
83$12,035,579$0$0$5,778,050
84$13,147,545$0$0$6,315,401
85$14,369,288$0$0$6,905,923
86$15,711,890$0$0$7,554,988
87$17,187,562$0$0$8,268,515
88$18,809,754$0$0$9,053,024
89$20,593,284$0$0$9,915,697
90$22,554,480$0$0$10,864,450
91$24,711,330$0$0$11,908,003
92$27,083,651$0$0$13,055,962
93$29,693,280$0$0$14,318,914
94$32,564,274$0$0$15,708,521
95$35,723,142$0$0$17,237,633
96$39,199,090$0$0$18,920,411
97$43,024,298$0$0$20,772,455
98$47,234,225$0$0$22,810,955
99$51,867,939$0$0$25,054,854
100$56,968,492$0$0$27,525,021