Can I retire at age 46 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$65,237$64,656$64,089$63,536$62,996$62,364
2 years$32,296$31,694$31,111$30,546$29,998$29,361
3 years$21,317$20,713$20,131$19,571$19,032$18,411
4 years$15,828$15,226$14,650$14,100$13,574$12,972
5 years$12,536$11,937$11,369$10,830$10,319$9,739
6 years$10,342$9,748$9,188$8,661$8,165$7,608
7 years$8,775$8,186$7,635$7,121$6,640$6,106
8 years$7,601$7,017$6,475$5,973$5,509$4,997
9 years$6,688$6,110$5,577$5,088$4,639$4,150
10 years$5,958$5,385$4,862$4,386$3,953$3,486
11 years$5,361$4,794$4,281$3,817$3,399$2,954
12 years$4,864$4,303$3,799$3,348$2,946$2,522
13 years$4,444$3,889$3,394$2,956$2,569$2,166
14 years$4,084$3,535$3,050$2,624$2,252$1,869
15 years$3,772$3,229$2,753$2,340$1,983$1,620
16 years$3,500$2,963$2,496$2,095$1,752$1,409
17 years$3,260$2,728$2,272$1,883$1,554$1,228
18 years$3,047$2,521$2,074$1,697$1,382$1,074
19 years$2,856$2,337$1,898$1,533$1,231$941
20 years$2,685$2,171$1,742$1,388$1,100$826
21 years$2,530$2,022$1,603$1,260$984$727
22 years$2,390$1,888$1,477$1,146$882$640
23 years$2,262$1,766$1,364$1,043$792$564
24 years$2,144$1,654$1,261$952$712$498
25 years$2,037$1,553$1,168$869$641$440
26 years$1,938$1,459$1,083$795$577$389
27 years$1,846$1,373$1,006$727$520$344
28 years$1,761$1,294$935$666$469$305
29 years$1,682$1,221$870$611$424$270
30 years$1,608$1,153$811$561$383$239
31 years$1,539$1,090$756$515$346$212
32 years$1,475$1,031$705$473$313$188
33 years$1,415$977$658$435$283$167
34 years$1,358$926$615$401$257$148
35 years$1,305$878$575$369$232$131
36 years$1,255$833$538$340$211$117
37 years$1,207$791$504$313$191$104
38 years$1,163$752$472$288$173$92
39 years$1,120$715$442$266$157$82
40 years$1,080$680$414$245$142$73
41 years$1,042$648$388$226$129$65
42 years$1,006$617$364$209$117$57
43 years$971$588$342$193$106$51
44 years$939$560$321$178$97$45
45 years$907$534$301$164$88$40
46 years$878$510$283$152$80$36
47 years$849$486$266$140$72$32
48 years$822$464$250$130$66$28
49 years$796$443$235$120$60$25
50 years$771$424$221$111$54$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $790,000, adding $5,333 every year, while hoping to spend $47,130 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: 65/8/27 Blend
45$790,000$790,000$790,000$790,000
46$876,081$834,211$821,966$926,473
47$915,295$824,941$799,356$951,886
48$956,930$813,638$774,409$973,924
49$1,001,182$800,151$746,997$996,970
50$1,048,267$784,323$716,985$1,021,127
51$1,098,421$765,986$684,235$1,046,513
52$1,151,902$744,962$648,600$1,073,255
53$1,208,994$721,063$609,926$1,101,499
54$1,270,007$694,090$568,054$1,131,405
55$1,335,280$663,833$522,816$1,163,154
56$1,405,187$630,069$474,039$1,196,944
57$1,480,137$592,563$421,539$1,232,998
58$1,560,577$551,065$365,127$1,271,564
59$1,647,000$505,311$304,603$1,312,917
60$1,739,947$455,024$239,760$1,357,362
61$1,840,010$399,909$170,380$1,405,239
62$1,947,841$339,654$96,238$1,456,926
63$2,064,155$273,932$17,097$1,512,842
64$2,189,739$202,395$0$1,573,453
65$2,325,457$124,677$0$1,658,680
66$2,472,257$40,390$0$1,756,208
67$2,631,183$0$0$1,861,819
68$2,803,383$0$0$1,980,777
69$2,990,117$0$0$2,113,675
70$3,192,773$0$0$2,257,951
71$3,412,877$0$0$2,414,696
72$3,652,105$0$0$2,585,113
73$3,912,306$0$0$2,770,521
74$4,195,508$0$0$2,972,375
75$4,503,948$0$0$3,192,276
76$4,840,085$0$0$3,431,982
77$5,206,625$0$0$3,693,433
78$5,606,546$0$0$3,978,761
79$6,043,129$0$0$4,290,312
80$6,519,981$0$0$4,630,673
81$7,041,076$0$0$5,002,686
82$7,610,789$0$0$5,409,485
83$8,233,935$0$0$5,854,518
84$8,915,818$0$0$6,341,582
85$9,662,277$0$0$6,874,859
86$10,479,742$0$0$7,458,952
87$11,375,293$0$0$8,098,934
88$12,356,729$0$0$8,800,387
89$13,432,637$0$0$9,569,462
90$14,612,478$0$0$10,412,933
91$15,906,668$0$0$11,338,261
92$17,326,682$0$0$12,353,663
93$18,885,160$0$0$13,468,191
94$20,596,025$0$0$14,691,817
95$22,474,612$0$0$16,035,524
96$24,537,815$0$0$17,511,411
97$26,804,245$0$0$19,132,806
98$29,294,403$0$0$20,914,394
99$32,030,875$0$0$22,872,349
100$35,038,544$0$0$25,024,494