Can I retire at age 46 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$68,541$67,930$67,334$66,753$66,185$65,686
2 years$33,931$33,299$32,687$32,093$31,517$31,013
3 years$22,396$21,761$21,150$20,562$19,996$19,503
4 years$16,630$15,997$15,392$14,814$14,261$13,784
5 years$13,171$12,542$11,945$11,378$10,841$10,381
6 years$10,865$10,241$9,653$9,099$8,578$8,135
7 years$9,220$8,601$8,022$7,481$6,976$6,551
8 years$7,986$7,372$6,803$6,276$5,788$5,380
9 years$7,026$6,419$5,860$5,346$4,874$4,483
10 years$6,260$5,658$5,109$4,608$4,153$3,779
11 years$5,633$5,037$4,497$4,010$3,572$3,215
12 years$5,110$4,521$3,991$3,518$3,095$2,755
13 years$4,669$4,086$3,566$3,105$2,699$2,375
14 years$4,291$3,714$3,204$2,757$2,366$2,058
15 years$3,963$3,393$2,893$2,458$2,083$1,791
16 years$3,677$3,113$2,623$2,201$1,841$1,563
17 years$3,425$2,867$2,387$1,978$1,632$1,369
18 years$3,201$2,649$2,179$1,782$1,451$1,202
19 years$3,001$2,455$1,995$1,611$1,294$1,058
20 years$2,821$2,281$1,830$1,459$1,156$933
21 years$2,658$2,125$1,684$1,324$1,034$824
22 years$2,511$1,983$1,552$1,204$927$729
23 years$2,376$1,855$1,433$1,096$832$646
24 years$2,253$1,738$1,325$1,000$748$572
25 years$2,140$1,631$1,227$913$673$508
26 years$2,036$1,533$1,138$835$606$451
27 years$1,939$1,443$1,057$764$547$401
28 years$1,850$1,359$983$700$493$357
29 years$1,767$1,283$914$642$445$318
30 years$1,690$1,211$852$589$402$283
31 years$1,617$1,145$794$541$364$252
32 years$1,550$1,083$741$497$329$225
33 years$1,486$1,026$692$457$298$200
34 years$1,427$972$646$421$270$179
35 years$1,371$922$604$387$244$159
36 years$1,318$875$565$357$221$142
37 years$1,268$831$529$329$201$127
38 years$1,221$790$495$303$182$113
39 years$1,177$751$464$279$165$101
40 years$1,135$715$435$258$150$91
41 years$1,095$680$408$238$136$81
42 years$1,057$648$383$219$123$72
43 years$1,021$617$359$203$112$65
44 years$986$589$337$187$101$58
45 years$953$561$317$173$92$52
46 years$922$535$297$160$84$46
47 years$892$511$279$147$76$41
48 years$864$488$262$136$69$37
49 years$836$466$247$126$63$33
50 years$810$445$232$116$57$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $830,000, adding $3,983 every year, while hoping to spend $49,813 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: 58/26/16 Blend
45$830,000$830,000$830,000$830,000
46$918,768$874,778$861,913$968,036
47$959,482$864,642$837,787$991,716
48$1,002,679$852,339$811,183$1,011,700
49$1,048,560$837,712$781,965$1,032,338
50$1,097,345$820,591$749,992$1,053,700
51$1,149,273$800,799$715,116$1,075,866
52$1,204,608$778,147$677,181$1,098,929
53$1,263,637$752,436$636,026$1,122,991
54$1,326,677$723,454$591,482$1,148,169
55$1,394,072$690,977$543,371$1,174,592
56$1,466,202$654,769$491,508$1,202,408
57$1,543,482$614,580$435,701$1,231,784
58$1,626,368$570,146$375,748$1,262,904
59$1,715,360$521,185$311,438$1,295,978
60$1,811,007$467,404$242,551$1,331,239
61$1,913,911$408,488$168,858$1,368,950
62$2,024,735$344,109$90,120$1,409,404
63$2,144,204$273,916$6,085$1,452,929
64$2,273,116$197,541$0$1,499,891
65$2,412,349$114,596$0$1,564,972
66$2,562,866$24,669$0$1,636,392
67$2,725,726$0$0$1,713,672
68$2,902,094$0$0$1,818,221
69$3,093,249$0$0$1,939,244
70$3,300,599$0$0$2,070,582
71$3,525,691$0$0$2,213,222
72$3,770,228$0$0$2,368,252
73$4,036,083$0$0$2,536,868
74$4,325,316$0$0$2,720,385
75$4,640,194$0$0$2,920,250
76$4,983,210$0$0$3,138,057
77$5,357,110$0$0$3,375,558
78$5,764,915$0$0$3,634,683
79$6,209,949$0$0$3,917,556
80$6,695,873$0$0$4,226,513
81$7,226,715$0$0$4,564,130
82$7,806,910$0$0$4,933,238
83$8,441,342$0$0$5,336,958
84$9,135,388$0$0$5,778,724
85$9,894,966$0$0$6,262,319
86$10,726,596$0$0$6,791,905
87$11,637,456$0$0$7,372,071
88$12,635,451$0$0$8,007,867
89$13,729,288$0$0$8,704,855
90$14,928,554$0$0$9,469,162
91$16,243,810$0$0$10,307,535
92$17,686,687$0$0$11,227,406
93$19,269,997$0$0$12,236,962
94$21,007,851$0$0$13,345,220
95$22,915,794$0$0$14,562,113
96$25,010,950$0$0$15,898,583
97$27,312,180$0$0$17,366,684
98$29,840,265$0$0$18,979,694
99$32,618,094$0$0$20,752,242
100$35,670,888$0$0$22,700,443