Can I retire at age 46 with 790,000?

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 $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%16.6%
1 years$65,237$64,656$64,089$63,536$62,996$61,299
2 years$32,296$31,694$31,111$30,546$29,998$28,300
3 years$21,317$20,713$20,131$19,571$19,032$17,387
4 years$15,828$15,226$14,650$14,100$13,574$11,994
5 years$12,536$11,937$11,369$10,830$10,319$8,808
6 years$10,342$9,748$9,188$8,661$8,165$6,725
7 years$8,775$8,186$7,635$7,121$6,640$5,272
8 years$7,601$7,017$6,475$5,973$5,509$4,211
9 years$6,688$6,110$5,577$5,088$4,639$3,410
10 years$5,958$5,385$4,862$4,386$3,953$2,792
11 years$5,361$4,794$4,281$3,817$3,399$2,304
12 years$4,864$4,303$3,799$3,348$2,946$1,914
13 years$4,444$3,889$3,394$2,956$2,569$1,599
14 years$4,084$3,535$3,050$2,624$2,252$1,341
15 years$3,772$3,229$2,753$2,340$1,983$1,129
16 years$3,500$2,963$2,496$2,095$1,752$953
17 years$3,260$2,728$2,272$1,883$1,554$807
18 years$3,047$2,521$2,074$1,697$1,382$684
19 years$2,856$2,337$1,898$1,533$1,231$581
20 years$2,685$2,171$1,742$1,388$1,100$495
21 years$2,530$2,022$1,603$1,260$984$421
22 years$2,390$1,888$1,477$1,146$882$359
23 years$2,262$1,766$1,364$1,043$792$306
24 years$2,144$1,654$1,261$952$712$262
25 years$2,037$1,553$1,168$869$641$224
26 years$1,938$1,459$1,083$795$577$191
27 years$1,846$1,373$1,006$727$520$164
28 years$1,761$1,294$935$666$469$140
29 years$1,682$1,221$870$611$424$120
30 years$1,608$1,153$811$561$383$103
31 years$1,539$1,090$756$515$346$88
32 years$1,475$1,031$705$473$313$75
33 years$1,415$977$658$435$283$64
34 years$1,358$926$615$401$257$55
35 years$1,305$878$575$369$232$47
36 years$1,255$833$538$340$211$41
37 years$1,207$791$504$313$191$35
38 years$1,163$752$472$288$173$30
39 years$1,120$715$442$266$157$26
40 years$1,080$680$414$245$142$22
41 years$1,042$648$388$226$129$19
42 years$1,006$617$364$209$117$16
43 years$971$588$342$193$106$14
44 years$939$560$321$178$97$12
45 years$907$534$301$164$88$10
46 years$878$510$283$152$80$9
47 years$849$486$266$140$72$7
48 years$822$464$250$130$66$6
49 years$796$443$235$120$60$5
50 years$771$424$221$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $790,000, adding $4,823 every year, while hoping to spend $55,812 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: 39/39/22 Blend
45$790,000$790,000$790,000$790,000
46$875,555$833,685$821,440$903,806
47$905,478$815,152$789,575$906,103
48$936,583$793,840$754,771$902,964
49$968,930$769,555$716,872$898,441
50$1,002,587$742,089$675,714$892,444
51$1,037,624$711,225$631,123$884,872
52$1,074,118$676,730$582,921$875,625
53$1,112,149$638,361$530,920$864,594
54$1,151,806$595,859$474,924$851,667
55$1,193,184$548,949$414,728$836,727
56$1,236,385$497,345$350,118$819,650
57$1,281,520$440,738$280,870$800,309
58$1,328,708$378,807$206,752$778,570
59$1,378,078$311,210$127,520$754,293
60$1,429,770$237,587$42,920$727,333
61$1,483,934$157,557$0$697,540
62$1,540,736$70,718$0$675,875
63$1,600,354$0$0$662,531
64$1,662,979$0$0$657,345
65$1,728,823$0$0$683,836
66$1,798,115$0$0$711,752
67$1,871,102$0$0$741,198
68$1,948,055$0$0$772,288
69$2,029,270$0$0$805,146
70$2,115,068$0$0$839,910
71$2,205,799$0$0$876,728
72$2,301,848$0$0$915,763
73$2,403,632$0$0$957,191
74$2,511,609$0$0$1,001,208
75$2,626,277$0$0$1,048,026
76$2,748,184$0$0$1,097,878
77$2,877,927$0$0$1,151,017
78$3,016,161$0$0$1,207,722
79$3,163,603$0$0$1,268,300
80$3,321,036$0$0$1,333,084
81$3,489,323$0$0$1,402,442
82$3,669,406$0$0$1,476,776
83$3,862,318$0$0$1,556,528
84$4,069,194$0$0$1,642,181
85$4,291,279$0$0$1,734,269
86$4,529,938$0$0$1,833,373
87$4,786,669$0$0$1,940,136
88$5,063,120$0$0$2,055,261
89$5,361,097$0$0$2,179,522
90$5,682,587$0$0$2,313,767
91$6,029,770$0$0$2,458,932
92$6,405,044$0$0$2,616,042
93$6,811,043$0$0$2,786,226
94$7,250,664$0$0$2,970,724
95$7,727,090$0$0$3,170,900
96$8,243,823$0$0$3,388,255
97$8,804,713$0$0$3,624,439
98$9,413,993$0$0$3,881,267
99$10,076,324$0$0$4,160,736
100$10,796,828$0$0$4,465,043