Can I retire at age 46 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$61,109$60,564$60,033$59,515$59,009$57,396
2 years$30,252$29,688$29,142$28,613$28,099$26,486
3 years$19,967$19,402$18,857$18,333$17,827$16,265
4 years$14,826$14,262$13,723$13,208$12,715$11,214
5 years$11,743$11,182$10,650$10,145$9,665$8,231
6 years$9,687$9,131$8,607$8,113$7,648$6,281
7 years$8,220$7,668$7,152$6,670$6,220$4,921
8 years$7,120$6,573$6,066$5,595$5,160$3,928
9 years$6,265$5,723$5,224$4,766$4,345$3,180
10 years$5,581$5,044$4,555$4,108$3,703$2,601
11 years$5,022$4,491$4,010$3,575$3,184$2,146
12 years$4,556$4,031$3,559$3,136$2,759$1,781
13 years$4,163$3,643$3,179$2,769$2,406$1,487
14 years$3,826$3,311$2,857$2,458$2,109$1,247
15 years$3,534$3,025$2,579$2,192$1,857$1,049
16 years$3,278$2,775$2,338$1,963$1,641$885
17 years$3,054$2,556$2,128$1,763$1,455$748
18 years$2,854$2,362$1,942$1,589$1,294$634
19 years$2,675$2,189$1,778$1,436$1,153$538
20 years$2,515$2,034$1,632$1,301$1,030$458
21 years$2,370$1,894$1,501$1,180$922$389
22 years$2,238$1,768$1,383$1,073$826$332
23 years$2,119$1,654$1,277$977$742$283
24 years$2,009$1,550$1,181$891$667$241
25 years$1,908$1,454$1,094$814$600$206
26 years$1,815$1,367$1,015$744$540$176
27 years$1,729$1,286$942$681$487$150
28 years$1,649$1,212$876$624$440$129
29 years$1,575$1,143$815$572$397$110
30 years$1,506$1,080$759$525$359$94
31 years$1,442$1,021$708$483$324$81
32 years$1,382$966$661$443$293$69
33 years$1,325$915$617$408$266$59
34 years$1,272$867$576$375$240$51
35 years$1,222$822$539$345$218$43
36 years$1,175$780$504$318$197$37
37 years$1,131$741$472$293$179$32
38 years$1,089$704$442$270$162$27
39 years$1,049$670$414$249$147$23
40 years$1,012$637$388$230$133$20
41 years$976$607$364$212$121$17
42 years$942$578$341$196$110$15
43 years$910$551$320$181$100$13
44 years$879$525$301$167$90$11
45 years$850$500$282$154$82$9
46 years$822$477$265$142$75$8
47 years$796$456$249$131$68$7
48 years$770$435$234$121$61$6
49 years$746$415$220$112$56$5
50 years$722$397$207$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $740,000, adding $4,647 every year, while hoping to spend $56,914 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: 89/6/5 Blend
45$740,000$740,000$740,000$740,000
46$820,273$781,053$769,583$892,978
47$843,385$758,769$734,808$918,680
48$866,947$733,485$696,961$938,424
49$890,944$704,995$655,878$958,232
50$915,360$673,079$611,389$978,064
51$940,172$637,505$563,316$997,876
52$965,356$598,029$511,474$1,017,618
53$990,881$554,391$455,667$1,037,235
54$1,016,712$506,318$395,693$1,056,664
55$1,042,808$453,518$331,340$1,075,835
56$1,069,121$395,687$262,386$1,094,673
57$1,095,596$332,501$188,601$1,113,090
58$1,122,171$263,617$109,742$1,130,991
59$1,148,773$188,675$25,559$1,148,270
60$1,175,320$107,293$0$1,164,811
61$1,201,721$19,068$0$1,183,911
62$1,227,870$0$0$1,203,676
63$1,253,649$0$0$1,227,642
64$1,278,925$0$0$1,252,372
65$1,303,546$0$0$1,276,458
66$1,327,345$0$0$1,299,736
67$1,350,134$0$0$1,322,020
68$1,371,699$0$0$1,343,103
69$1,391,806$0$0$1,362,753
70$1,410,190$0$0$1,380,711
71$1,426,556$0$0$1,396,687
72$1,440,576$0$0$1,410,361
73$1,451,884$0$0$1,421,372
74$1,460,073$0$0$1,429,322
75$1,464,691$0$0$1,433,766
76$1,465,234$0$0$1,434,211
77$1,461,143$0$0$1,430,109
78$1,451,798$0$0$1,420,851
79$1,436,512$0$0$1,405,762
80$1,414,519$0$0$1,384,093
81$1,384,976$0$0$1,355,015
82$1,346,943$0$0$1,317,608
83$1,299,383$0$0$1,270,854
84$1,241,146$0$0$1,213,624
85$1,170,960$0$0$1,144,671
86$1,087,415$0$0$1,062,614
87$988,956$0$0$965,924
88$873,858$0$0$852,911
89$740,217$0$0$721,708
90$585,927$0$0$570,249
91$408,662$0$0$396,251
92$205,848$0$0$197,193
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0