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%14.5%
1 years$65,237$64,656$64,089$63,536$62,996$61,825
2 years$32,296$31,694$31,111$30,546$29,998$28,823
3 years$21,317$20,713$20,131$19,571$19,032$17,889
4 years$15,828$15,226$14,650$14,100$13,574$12,472
5 years$12,536$11,937$11,369$10,830$10,319$9,261
6 years$10,342$9,748$9,188$8,661$8,165$7,152
7 years$8,775$8,186$7,635$7,121$6,640$5,673
8 years$7,601$7,017$6,475$5,973$5,509$4,587
9 years$6,688$6,110$5,577$5,088$4,639$3,763
10 years$5,958$5,385$4,862$4,386$3,953$3,120
11 years$5,361$4,794$4,281$3,817$3,399$2,610
12 years$4,864$4,303$3,799$3,348$2,946$2,198
13 years$4,444$3,889$3,394$2,956$2,569$1,862
14 years$4,084$3,535$3,050$2,624$2,252$1,585
15 years$3,772$3,229$2,753$2,340$1,983$1,354
16 years$3,500$2,963$2,496$2,095$1,752$1,160
17 years$3,260$2,728$2,272$1,883$1,554$997
18 years$3,047$2,521$2,074$1,697$1,382$859
19 years$2,856$2,337$1,898$1,533$1,231$741
20 years$2,685$2,171$1,742$1,388$1,100$640
21 years$2,530$2,022$1,603$1,260$984$554
22 years$2,390$1,888$1,477$1,146$882$480
23 years$2,262$1,766$1,364$1,043$792$417
24 years$2,144$1,654$1,261$952$712$362
25 years$2,037$1,553$1,168$869$641$314
26 years$1,938$1,459$1,083$795$577$273
27 years$1,846$1,373$1,006$727$520$238
28 years$1,761$1,294$935$666$469$207
29 years$1,682$1,221$870$611$424$180
30 years$1,608$1,153$811$561$383$157
31 years$1,539$1,090$756$515$346$137
32 years$1,475$1,031$705$473$313$119
33 years$1,415$977$658$435$283$104
34 years$1,358$926$615$401$257$91
35 years$1,305$878$575$369$232$79
36 years$1,255$833$538$340$211$69
37 years$1,207$791$504$313$191$60
38 years$1,163$752$472$288$173$53
39 years$1,120$715$442$266$157$46
40 years$1,080$680$414$245$142$40
41 years$1,042$648$388$226$129$35
42 years$1,006$617$364$209$117$30
43 years$971$588$342$193$106$27
44 years$939$560$321$178$97$23
45 years$907$534$301$164$88$20
46 years$878$510$283$152$80$18
47 years$849$486$266$140$72$15
48 years$822$464$250$130$66$14
49 years$796$443$235$120$60$12
50 years$771$424$221$111$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $790,000, adding $5,358 every year, while hoping to spend $41,071 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: 84/9/7 Blend
45$790,000$790,000$790,000$790,000
46$876,107$834,237$821,992$948,711
47$921,770$831,415$805,829$994,095
48$970,715$827,079$787,749$1,037,812
49$1,023,233$821,110$767,643$1,084,540
50$1,079,642$813,384$745,399$1,134,554
51$1,140,295$803,769$720,898$1,188,158
52$1,205,575$792,124$694,019$1,245,687
53$1,275,907$778,302$664,632$1,307,510
54$1,351,755$762,144$632,602$1,374,031
55$1,433,629$743,483$597,789$1,445,698
56$1,522,090$722,145$560,046$1,523,002
57$1,617,754$697,941$519,219$1,606,486
58$1,721,299$670,674$475,146$1,696,746
59$1,833,469$640,135$427,662$1,794,440
60$1,955,083$606,102$376,589$1,900,293
61$2,087,042$568,342$321,745$2,015,103
62$2,230,336$526,606$262,939$2,139,749
63$2,386,054$480,633$199,971$2,275,201
64$2,555,394$430,147$132,633$2,422,527
65$2,739,675$374,855$60,707$2,582,904
66$2,940,347$314,447$0$2,757,629
67$3,159,006$248,599$0$2,949,331
68$3,397,408$176,964$0$3,163,304
69$3,657,487$99,179$0$3,396,763
70$3,941,371$14,859$0$3,651,643
71$4,251,402$0$0$3,930,073
72$4,590,159$0$0$4,241,966
73$4,960,480$0$0$4,584,543
74$5,365,490$0$0$4,959,224
75$5,808,631$0$0$5,369,194
76$6,293,693$0$0$5,817,962
77$6,824,846$0$0$6,309,389
78$7,406,688$0$0$6,847,728
79$8,044,277$0$0$7,437,664
80$8,743,186$0$0$8,084,354
81$9,509,553$0$0$8,793,481
82$10,350,139$0$0$9,571,300
83$11,272,388$0$0$10,424,705
84$12,284,503$0$0$11,361,287
85$13,395,517$0$0$12,389,409
86$14,615,381$0$0$13,518,280
87$15,955,058$0$0$14,758,049
88$17,426,622$0$0$16,119,892
89$19,043,376$0$0$17,616,124
90$20,819,975$0$0$19,260,310
91$22,772,564$0$0$21,067,394
92$24,918,928$0$0$23,053,841
93$27,278,664$0$0$25,237,788
94$29,873,361$0$0$27,639,221
95$32,726,803$0$0$30,280,155
96$35,865,196$0$0$33,184,850
97$39,317,414$0$0$36,380,031
98$43,115,268$0$0$39,895,146
99$47,293,808$0$0$43,762,640
100$51,891,655$0$0$48,018,262