Can I retire at age 46 with 740,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11%
1 years$61,109$60,564$60,033$59,515$59,009$58,760
2 years$30,252$29,688$29,142$28,613$28,099$27,848
3 years$19,967$19,402$18,857$18,333$17,827$17,582
4 years$14,826$14,262$13,723$13,208$12,715$12,476
5 years$11,743$11,182$10,650$10,145$9,665$9,435
6 years$9,687$9,131$8,607$8,113$7,648$7,426
7 years$8,220$7,668$7,152$6,670$6,220$6,006
8 years$7,120$6,573$6,066$5,595$5,160$4,955
9 years$6,265$5,723$5,224$4,766$4,345$4,149
10 years$5,581$5,044$4,555$4,108$3,703$3,514
11 years$5,022$4,491$4,010$3,575$3,184$3,004
12 years$4,556$4,031$3,559$3,136$2,759$2,587
13 years$4,163$3,643$3,179$2,769$2,406$2,242
14 years$3,826$3,311$2,857$2,458$2,109$1,952
15 years$3,534$3,025$2,579$2,192$1,857$1,708
16 years$3,278$2,775$2,338$1,963$1,641$1,499
17 years$3,054$2,556$2,128$1,763$1,455$1,320
18 years$2,854$2,362$1,942$1,589$1,294$1,166
19 years$2,675$2,189$1,778$1,436$1,153$1,032
20 years$2,515$2,034$1,632$1,301$1,030$915
21 years$2,370$1,894$1,501$1,180$922$813
22 years$2,238$1,768$1,383$1,073$826$724
23 years$2,119$1,654$1,277$977$742$645
24 years$2,009$1,550$1,181$891$667$575
25 years$1,908$1,454$1,094$814$600$514
26 years$1,815$1,367$1,015$744$540$459
27 years$1,729$1,286$942$681$487$411
28 years$1,649$1,212$876$624$440$368
29 years$1,575$1,143$815$572$397$329
30 years$1,506$1,080$759$525$359$295
31 years$1,442$1,021$708$483$324$265
32 years$1,382$966$661$443$293$238
33 years$1,325$915$617$408$266$213
34 years$1,272$867$576$375$240$192
35 years$1,222$822$539$345$218$172
36 years$1,175$780$504$318$197$155
37 years$1,131$741$472$293$179$139
38 years$1,089$704$442$270$162$125
39 years$1,049$670$414$249$147$112
40 years$1,012$637$388$230$133$101
41 years$976$607$364$212$121$91
42 years$942$578$341$196$110$82
43 years$910$551$320$181$100$74
44 years$879$525$301$167$90$66
45 years$850$500$282$154$82$60
46 years$822$477$265$142$75$54
47 years$796$456$249$131$68$48
48 years$770$435$234$121$61$43
49 years$746$415$220$112$56$39
50 years$722$397$207$104$51$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $740,000, adding $4,388 every year, while hoping to spend $50,580 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: 56/17/27 Blend
45$740,000$740,000$740,000$740,000
46$820,006$780,786$769,316$859,617
47$849,830$765,228$741,272$871,767
48$881,001$747,212$710,592$879,356
49$913,602$726,565$677,136$886,588
50$947,726$703,102$640,756$893,444
51$983,469$676,630$601,297$899,909
52$1,020,939$646,941$558,596$905,966
53$1,060,251$613,817$512,486$911,600
54$1,101,531$577,029$462,789$916,798
55$1,144,915$536,331$409,320$921,551
56$1,190,552$491,467$351,888$925,849
57$1,238,603$442,164$290,291$929,689
58$1,289,244$388,133$224,319$933,068
59$1,342,665$329,070$153,752$935,989
60$1,399,076$264,653$78,361$938,460
61$1,458,704$194,543$0$940,493
62$1,521,796$118,381$0$942,713
63$1,588,625$35,787$0$968,673
64$1,659,486$0$0$995,886
65$1,734,702$0$0$1,034,509
66$1,814,628$0$0$1,082,699
67$1,899,651$0$0$1,133,998
68$1,990,194$0$0$1,188,667
69$2,086,720$0$0$1,246,990
70$2,189,738$0$0$1,309,281
71$2,299,805$0$0$1,375,881
72$2,417,530$0$0$1,447,165
73$2,543,582$0$0$1,523,544
74$2,678,694$0$0$1,605,471
75$2,823,672$0$0$1,693,440
76$2,979,397$0$0$1,787,994
77$3,146,839$0$0$1,889,731
78$3,327,061$0$0$1,999,304
79$3,521,233$0$0$2,117,433
80$3,730,636$0$0$2,244,909
81$3,956,682$0$0$2,382,600
82$4,200,918$0$0$2,531,460
83$4,465,046$0$0$2,692,537
84$4,750,938$0$0$2,866,984
85$5,060,651$0$0$3,056,069
86$5,396,445$0$0$3,261,186
87$5,760,808$0$0$3,483,866
88$6,156,475$0$0$3,725,795
89$6,586,453$0$0$3,988,829
90$7,054,053$0$0$4,275,006
91$7,562,916$0$0$4,586,573
92$8,117,047$0$0$4,925,997
93$8,720,855$0$0$5,295,998
94$9,379,191$0$0$5,699,568
95$10,097,394$0$0$6,139,997
96$10,881,343$0$0$6,620,911
97$11,737,506$0$0$7,146,300
98$12,673,005$0$0$7,720,555
99$13,695,680$0$0$8,348,511
100$14,814,164$0$0$9,035,494