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%18.5%
1 years$68,541$67,930$67,334$66,753$66,185$63,913
2 years$33,931$33,299$32,687$32,093$31,517$29,251
3 years$22,396$21,761$21,150$20,562$19,996$17,807
4 years$16,630$15,997$15,392$14,814$14,261$12,166
5 years$13,171$12,542$11,945$11,378$10,841$8,846
6 years$10,865$10,241$9,653$9,099$8,578$6,684
7 years$9,220$8,601$8,022$7,481$6,976$5,183
8 years$7,986$7,372$6,803$6,276$5,788$4,094
9 years$7,026$6,419$5,860$5,346$4,874$3,278
10 years$6,260$5,658$5,109$4,608$4,153$2,651
11 years$5,633$5,037$4,497$4,010$3,572$2,162
12 years$5,110$4,521$3,991$3,518$3,095$1,774
13 years$4,669$4,086$3,566$3,105$2,699$1,462
14 years$4,291$3,714$3,204$2,757$2,366$1,211
15 years$3,963$3,393$2,893$2,458$2,083$1,006
16 years$3,677$3,113$2,623$2,201$1,841$838
17 years$3,425$2,867$2,387$1,978$1,632$699
18 years$3,201$2,649$2,179$1,782$1,451$585
19 years$3,001$2,455$1,995$1,611$1,294$489
20 years$2,821$2,281$1,830$1,459$1,156$410
21 years$2,658$2,125$1,684$1,324$1,034$344
22 years$2,511$1,983$1,552$1,204$927$289
23 years$2,376$1,855$1,433$1,096$832$243
24 years$2,253$1,738$1,325$1,000$748$205
25 years$2,140$1,631$1,227$913$673$172
26 years$2,036$1,533$1,138$835$606$145
27 years$1,939$1,443$1,057$764$547$122
28 years$1,850$1,359$983$700$493$103
29 years$1,767$1,283$914$642$445$87
30 years$1,690$1,211$852$589$402$73
31 years$1,617$1,145$794$541$364$62
32 years$1,550$1,083$741$497$329$52
33 years$1,486$1,026$692$457$298$44
34 years$1,427$972$646$421$270$37
35 years$1,371$922$604$387$244$31
36 years$1,318$875$565$357$221$26
37 years$1,268$831$529$329$201$22
38 years$1,221$790$495$303$182$19
39 years$1,177$751$464$279$165$16
40 years$1,135$715$435$258$150$13
41 years$1,095$680$408$238$136$11
42 years$1,057$648$383$219$123$9
43 years$1,021$617$359$203$112$8
44 years$986$589$337$187$101$7
45 years$953$561$317$173$92$6
46 years$922$535$297$160$84$5
47 years$892$511$279$147$76$4
48 years$864$488$262$136$69$3
49 years$836$466$247$126$63$3
50 years$810$445$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $830,000, adding $6,794 every year, while hoping to spend $27,822 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: 58/21/21 Blend
45$830,000$830,000$830,000$830,000
46$921,668$877,678$864,813$969,596
47$986,076$891,082$864,182$1,016,378
48$1,056,121$904,210$862,597$1,063,768
49$1,132,348$917,020$859,997$1,114,820
50$1,215,359$929,465$856,318$1,169,897
51$1,305,813$941,496$851,493$1,229,393
52$1,404,438$953,062$845,450$1,293,747
53$1,512,034$964,105$838,116$1,363,442
54$1,629,482$974,566$829,413$1,439,011
55$1,757,750$984,381$819,259$1,521,043
56$1,897,907$993,482$807,571$1,610,185
57$2,051,127$1,001,797$794,258$1,707,154
58$2,218,705$1,009,247$779,228$1,812,739
59$2,402,063$1,015,750$762,383$1,927,811
60$2,602,771$1,021,220$743,620$2,053,332
61$2,822,556$1,025,562$722,834$2,190,361
62$3,063,319$1,028,677$699,911$2,340,069
63$3,327,155$1,030,460$674,736$2,503,745
64$3,616,371$1,030,799$647,186$2,682,813
65$3,933,508$1,029,574$617,133$2,878,842
66$4,281,362$1,026,660$584,444$3,093,565
67$4,663,017$1,021,922$548,978$3,328,891
68$5,081,867$1,015,218$510,591$3,586,927
69$5,541,651$1,006,397$469,129$3,869,998
70$6,046,487$995,299$424,434$4,180,665
71$6,600,915$981,755$376,338$4,521,756
72$7,209,931$965,583$324,668$4,896,388
73$7,879,042$946,595$269,242$5,308,000
74$8,614,313$924,587$209,871$5,760,382
75$9,422,429$899,347$146,357$6,257,717
76$10,310,749$870,648$78,493$6,804,615
77$11,287,386$838,251$6,063$7,406,161
78$12,361,276$801,902$0$8,067,962
79$13,542,264$761,332$0$8,812,163
80$14,841,197$716,260$0$9,632,106
81$16,270,026$666,383$0$10,534,005
82$17,841,919$611,387$0$11,526,204
83$19,571,385$550,934$0$12,617,904
84$21,474,407$484,671$0$13,819,243
85$23,568,601$412,224$0$15,141,395
86$25,873,372$333,197$0$16,596,678
87$28,410,104$247,171$0$18,198,666
88$31,202,358$153,707$0$19,962,321
89$34,276,097$52,337$0$21,904,133
90$37,659,927$0$0$24,042,279
91$41,385,369$0$0$26,410,062
92$45,487,156$0$0$29,030,443
93$50,003,560$0$0$31,915,789
94$54,976,755$0$0$35,093,055
95$60,453,209$0$0$38,591,940
96$66,484,130$0$0$42,445,172
97$73,125,942$0$0$46,688,815
98$80,440,823$0$0$51,362,608
99$88,497,287$0$0$56,510,341
100$97,370,832$0$0$62,180,268