Can I retire at age 46 with 830,000?

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 $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%11.2%
1 years$68,541$67,930$67,334$66,753$66,185$65,851
2 years$33,931$33,299$32,687$32,093$31,517$31,179
3 years$22,396$21,761$21,150$20,562$19,996$19,666
4 years$16,630$15,997$15,392$14,814$14,261$13,941
5 years$13,171$12,542$11,945$11,378$10,841$10,532
6 years$10,865$10,241$9,653$9,099$8,578$8,280
7 years$9,220$8,601$8,022$7,481$6,976$6,690
8 years$7,986$7,372$6,803$6,276$5,788$5,512
9 years$7,026$6,419$5,860$5,346$4,874$4,610
10 years$6,260$5,658$5,109$4,608$4,153$3,900
11 years$5,633$5,037$4,497$4,010$3,572$3,330
12 years$5,110$4,521$3,991$3,518$3,095$2,864
13 years$4,669$4,086$3,566$3,105$2,699$2,479
14 years$4,291$3,714$3,204$2,757$2,366$2,156
15 years$3,963$3,393$2,893$2,458$2,083$1,884
16 years$3,677$3,113$2,623$2,201$1,841$1,651
17 years$3,425$2,867$2,387$1,978$1,632$1,452
18 years$3,201$2,649$2,179$1,782$1,451$1,281
19 years$3,001$2,455$1,995$1,611$1,294$1,132
20 years$2,821$2,281$1,830$1,459$1,156$1,002
21 years$2,658$2,125$1,684$1,324$1,034$889
22 years$2,511$1,983$1,552$1,204$927$790
23 years$2,376$1,855$1,433$1,096$832$703
24 years$2,253$1,738$1,325$1,000$748$626
25 years$2,140$1,631$1,227$913$673$558
26 years$2,036$1,533$1,138$835$606$498
27 years$1,939$1,443$1,057$764$547$445
28 years$1,850$1,359$983$700$493$398
29 years$1,767$1,283$914$642$445$356
30 years$1,690$1,211$852$589$402$318
31 years$1,617$1,145$794$541$364$285
32 years$1,550$1,083$741$497$329$255
33 years$1,486$1,026$692$457$298$229
34 years$1,427$972$646$421$270$205
35 years$1,371$922$604$387$244$184
36 years$1,318$875$565$357$221$165
37 years$1,268$831$529$329$201$148
38 years$1,221$790$495$303$182$133
39 years$1,177$751$464$279$165$119
40 years$1,135$715$435$258$150$107
41 years$1,095$680$408$238$136$96
42 years$1,057$648$383$219$123$86
43 years$1,021$617$359$203$112$78
44 years$986$589$337$187$101$70
45 years$953$561$317$173$92$63
46 years$922$535$297$160$84$56
47 years$892$511$279$147$76$51
48 years$864$488$262$136$69$45
49 years$836$466$247$126$63$41
50 years$810$445$232$116$57$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $830,000, adding $2,652 every year, while hoping to spend $56,023 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: 69/16/15 Blend
45$830,000$830,000$830,000$830,000
46$917,396$873,406$860,541$977,339
47$951,362$856,594$829,761$1,000,763
48$986,915$837,082$796,072$1,019,456
49$1,024,158$814,676$759,318$1,038,477
50$1,063,202$789,175$719,335$1,057,853
51$1,104,167$760,364$675,951$1,077,613
52$1,147,186$728,015$628,989$1,097,790
53$1,192,399$691,888$578,261$1,118,425
54$1,239,963$651,730$523,572$1,139,561
55$1,290,045$607,271$464,717$1,161,251
56$1,342,830$558,227$401,485$1,183,554
57$1,398,516$504,297$333,652$1,206,535
58$1,457,321$445,165$260,987$1,230,274
59$1,519,484$380,494$183,246$1,254,855
60$1,585,263$309,930$100,176$1,280,377
61$1,654,942$233,098$11,514$1,306,953
62$1,728,829$149,603$0$1,334,708
63$1,807,263$59,027$0$1,377,086
64$1,890,613$0$0$1,423,778
65$1,979,284$0$0$1,480,046
66$2,073,717$0$0$1,551,065
67$2,174,398$0$0$1,626,810
68$2,281,857$0$0$1,707,683
69$2,396,676$0$0$1,794,126
70$2,519,491$0$0$1,886,622
71$2,651,001$0$0$1,985,701
72$2,791,973$0$0$2,091,946
73$2,943,247$0$0$2,205,995
74$3,105,746$0$0$2,328,548
75$3,280,481$0$0$2,460,374
76$3,468,565$0$0$2,602,317
77$3,671,217$0$0$2,755,304
78$3,889,780$0$0$2,920,354
79$4,125,725$0$0$3,098,585
80$4,380,670$0$0$3,291,226
81$4,656,395$0$0$3,499,630
82$4,954,854$0$0$3,725,281
83$5,278,197$0$0$3,969,812
84$5,628,785$0$0$4,235,018
85$6,009,219$0$0$4,522,875
86$6,422,355$0$0$4,835,553
87$6,871,337$0$0$5,175,442
88$7,359,623$0$0$5,545,169
89$7,891,018$0$0$5,947,627
90$8,469,707$0$0$6,385,995
91$9,100,298$0$0$6,863,776
92$9,787,859$0$0$7,384,823
93$10,537,971$0$0$7,953,376
94$11,356,774$0$0$8,574,104
95$12,251,028$0$0$9,252,145
96$13,228,177$0$0$9,993,155
97$14,296,412$0$0$10,803,363
98$15,464,754$0$0$11,689,626
99$16,743,136$0$0$12,659,494
100$18,142,493$0$0$13,721,280