Can I retire at age 46 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$64,412$63,838$63,278$62,732$62,198$60,328
2 years$31,887$31,293$30,718$30,160$29,618$27,750
3 years$21,047$20,450$19,876$19,323$18,791$16,983
4 years$15,628$15,033$14,465$13,921$13,402$11,668
5 years$12,377$11,786$11,225$10,693$10,188$8,533
6 years$10,211$9,624$9,072$8,551$8,061$6,487
7 years$8,664$8,082$7,539$7,031$6,556$5,062
8 years$7,505$6,928$6,393$5,898$5,439$4,024
9 years$6,603$6,032$5,507$5,024$4,580$3,243
10 years$5,882$5,317$4,801$4,330$3,903$2,642
11 years$5,293$4,734$4,227$3,769$3,356$2,169
12 years$4,803$4,249$3,751$3,306$2,909$1,793
13 years$4,388$3,839$3,351$2,918$2,536$1,489
14 years$4,032$3,490$3,011$2,591$2,223$1,243
15 years$3,725$3,188$2,719$2,310$1,958$1,040
16 years$3,456$2,925$2,465$2,069$1,730$873
17 years$3,219$2,694$2,243$1,859$1,534$735
18 years$3,008$2,489$2,047$1,675$1,364$619
19 years$2,820$2,307$1,874$1,514$1,216$523
20 years$2,651$2,144$1,720$1,371$1,086$442
21 years$2,498$1,997$1,582$1,244$972$374
22 years$2,359$1,864$1,458$1,131$871$317
23 years$2,233$1,743$1,346$1,030$782$269
24 years$2,117$1,633$1,245$940$703$228
25 years$2,011$1,533$1,153$858$632$194
26 years$1,913$1,441$1,070$785$570$165
27 years$1,822$1,356$993$718$514$140
28 years$1,738$1,278$923$658$463$119
29 years$1,660$1,205$859$603$418$101
30 years$1,588$1,138$800$554$378$86
31 years$1,520$1,076$746$509$342$73
32 years$1,456$1,018$696$467$309$62
33 years$1,397$964$650$430$280$53
34 years$1,341$914$607$395$253$45
35 years$1,288$867$568$364$229$38
36 years$1,239$823$531$335$208$33
37 years$1,192$781$497$309$188$28
38 years$1,148$743$466$285$171$24
39 years$1,106$706$436$263$155$20
40 years$1,066$672$409$242$141$17
41 years$1,029$639$383$223$127$15
42 years$993$609$360$206$116$12
43 years$959$580$337$190$105$11
44 years$927$553$317$176$95$9
45 years$896$527$297$162$87$8
46 years$867$503$279$150$79$7
47 years$839$480$262$139$71$6
48 years$812$458$247$128$65$5
49 years$786$438$232$118$59$4
50 years$762$418$218$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $780,000, adding $3,524 every year, while hoping to spend $56,716 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: 34/48/18 Blend
45$780,000$780,000$780,000$780,000
46$863,195$821,855$809,765$887,649
47$890,896$801,781$776,547$885,850
48$919,521$778,821$740,315$878,397
49$949,105$752,777$700,908$869,163
50$979,684$723,433$658,159$858,022
51$1,011,296$690,566$611,892$844,844
52$1,043,980$653,936$561,922$829,489
53$1,077,779$613,291$508,059$811,809
54$1,112,735$568,365$450,102$791,651
55$1,148,895$518,876$387,842$768,850
56$1,186,307$464,526$321,059$743,235
57$1,225,023$405,000$249,527$714,622
58$1,265,095$339,965$173,006$682,821
59$1,306,581$269,069$91,248$647,630
60$1,349,541$191,942$3,993$608,836
61$1,394,037$108,191$0$566,215
62$1,440,138$17,401$0$536,649
63$1,487,914$0$0$504,702
64$1,537,441$0$0$512,116
65$1,588,800$0$0$529,345
66$1,642,075$0$0$547,229
67$1,697,357$0$0$565,799
68$1,754,744$0$0$585,090
69$1,814,338$0$0$605,139
70$1,876,250$0$0$625,985
71$1,940,597$0$0$647,669
72$2,007,507$0$0$670,236
73$2,077,114$0$0$693,736
74$2,149,564$0$0$718,219
75$2,225,011$0$0$743,741
76$2,303,625$0$0$770,363
77$2,385,584$0$0$798,150
78$2,471,083$0$0$827,171
79$2,560,332$0$0$857,502
80$2,653,555$0$0$889,224
81$2,750,998$0$0$922,426
82$2,852,924$0$0$957,203
83$2,959,617$0$0$993,660
84$3,071,388$0$0$1,031,908
85$3,188,570$0$0$1,072,069
86$3,311,529$0$0$1,114,276
87$3,440,657$0$0$1,158,674
88$3,576,384$0$0$1,205,418
89$3,719,176$0$0$1,254,680
90$3,869,539$0$0$1,306,646
91$4,028,027$0$0$1,361,517
92$4,195,239$0$0$1,419,515
93$4,371,833$0$0$1,480,882
94$4,558,522$0$0$1,545,881
95$4,756,088$0$0$1,614,798
96$4,965,382$0$0$1,687,949
97$5,187,336$0$0$1,765,678
98$5,422,966$0$0$1,848,360
99$5,673,387$0$0$1,936,406
100$5,939,814$0$0$2,030,269