Can I retire at age 46 with 360,000?

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 $360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$29,728$29,464$29,205$28,953$28,707$27,855
2 years$14,717$14,443$14,177$13,920$13,670$12,819
3 years$9,714$9,439$9,174$8,919$8,673$7,849
4 years$7,213$6,938$6,676$6,425$6,186$5,395
5 years$5,713$5,440$5,181$4,935$4,702$3,948
6 years$4,713$4,442$4,187$3,947$3,721$3,003
7 years$3,999$3,730$3,479$3,245$3,026$2,344
8 years$3,464$3,198$2,951$2,722$2,510$1,865
9 years$3,048$2,784$2,542$2,319$2,114$1,504
10 years$2,715$2,454$2,216$1,999$1,801$1,226
11 years$2,443$2,185$1,951$1,739$1,549$1,007
12 years$2,217$1,961$1,731$1,526$1,342$833
13 years$2,025$1,772$1,547$1,347$1,171$692
14 years$1,861$1,611$1,390$1,196$1,026$578
15 years$1,719$1,471$1,255$1,066$904$484
16 years$1,595$1,350$1,138$955$799$407
17 years$1,486$1,243$1,035$858$708$343
18 years$1,388$1,149$945$773$630$289
19 years$1,302$1,065$865$699$561$244
20 years$1,224$989$794$633$501$207
21 years$1,153$922$730$574$449$175
22 years$1,089$860$673$522$402$148
23 years$1,031$805$621$475$361$126
24 years$977$754$575$434$324$107
25 years$928$707$532$396$292$91
26 years$883$665$494$362$263$77
27 years$841$626$458$331$237$66
28 years$802$590$426$304$214$56
29 years$766$556$397$278$193$48
30 years$733$525$369$256$175$41
31 years$701$497$344$235$158$34
32 years$672$470$321$216$143$29
33 years$645$445$300$198$129$25
34 years$619$422$280$183$117$21
35 years$595$400$262$168$106$18
36 years$572$380$245$155$96$15
37 years$550$361$229$143$87$13
38 years$530$343$215$131$79$11
39 years$510$326$201$121$72$10
40 years$492$310$189$112$65$8
41 years$475$295$177$103$59$7
42 years$458$281$166$95$53$6
43 years$443$268$156$88$48$5
44 years$428$255$146$81$44$4
45 years$414$243$137$75$40$4
46 years$400$232$129$69$36$3
47 years$387$222$121$64$33$3
48 years$375$212$114$59$30$2
49 years$363$202$107$55$27$2
50 years$351$193$101$50$25$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $360,000, adding $3,898 every year, while hoping to spend $21,857 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: 69/18/13 Blend
45$360,000$360,000$360,000$360,000
46$400,741$381,661$376,081$426,973
47$418,361$377,106$365,424$440,358
48$437,045$371,596$353,677$452,008
49$456,880$365,061$340,782$464,186
50$477,958$357,426$326,674$476,942
51$500,383$348,612$311,291$490,329
52$524,265$338,538$294,562$504,409
53$549,728$327,114$276,418$519,247
54$576,906$314,248$256,784$534,919
55$605,946$299,842$235,582$551,507
56$637,009$283,790$212,730$569,105
57$670,272$265,984$188,145$587,813
58$705,929$246,307$161,737$607,746
59$744,193$224,635$133,414$629,029
60$785,297$200,838$103,079$651,803
61$829,497$174,779$70,632$676,224
62$877,074$146,311$35,967$702,463
63$928,338$115,283$0$730,711
64$983,628$81,531$0$761,324
65$1,043,316$44,884$0$799,727
66$1,107,812$5,161$0$841,203
67$1,177,566$0$0$886,058
68$1,253,073$0$0$942,123
69$1,334,876$0$0$1,003,988
70$1,423,574$0$0$1,071,085
71$1,519,824$0$0$1,143,914
72$1,624,350$0$0$1,223,023
73$1,737,947$0$0$1,309,019
74$1,861,490$0$0$1,402,565
75$1,995,942$0$0$1,504,394
76$2,142,362$0$0$1,615,311
77$2,301,916$0$0$1,736,201
78$2,475,888$0$0$1,868,041
79$2,665,688$0$0$2,011,902
80$2,872,872$0$0$2,168,967
81$3,099,150$0$0$2,340,536
82$3,346,406$0$0$2,528,040
83$3,616,713$0$0$2,733,057
84$3,912,353$0$0$2,957,320
85$4,235,842$0$0$3,202,741
86$4,589,945$0$0$3,471,423
87$4,977,712$0$0$3,765,685
88$5,402,497$0$0$4,088,077
89$5,867,999$0$0$4,441,409
90$6,378,287$0$0$4,828,776
91$6,937,844$0$0$5,253,586
92$7,551,608$0$0$5,719,593
93$8,225,019$0$0$6,230,932
94$8,964,067$0$0$6,792,158
95$9,775,351$0$0$7,408,288
96$10,666,140$0$0$8,084,849
97$11,644,441$0$0$8,827,927
98$12,719,074$0$0$9,644,229
99$13,899,758$0$0$10,541,143
100$15,197,197$0$0$11,526,809