Can I retire at age 46 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$37,986$37,648$37,318$36,996$36,681$36,103
2 years$18,805$18,455$18,115$17,786$17,467$16,886
3 years$12,412$12,060$11,722$11,396$11,082$10,516
4 years$9,216$8,866$8,531$8,210$7,904$7,358
5 years$7,299$6,951$6,620$6,306$6,008$5,484
6 years$6,022$5,676$5,350$5,043$4,754$4,251
7 years$5,110$4,767$4,446$4,146$3,866$3,385
8 years$4,426$4,086$3,770$3,478$3,208$2,748
9 years$3,894$3,557$3,247$2,963$2,701$2,264
10 years$3,469$3,136$2,831$2,554$2,302$1,885
11 years$3,122$2,792$2,493$2,223$1,979$1,584
12 years$2,832$2,506$2,212$1,949$1,715$1,340
13 years$2,588$2,264$1,976$1,721$1,496$1,141
14 years$2,378$2,058$1,776$1,528$1,311$975
15 years$2,197$1,880$1,603$1,363$1,154$837
16 years$2,038$1,725$1,454$1,220$1,020$721
17 years$1,898$1,589$1,323$1,096$905$622
18 years$1,774$1,468$1,207$988$804$539
19 years$1,663$1,361$1,105$893$717$467
20 years$1,563$1,264$1,014$808$640$406
21 years$1,473$1,178$933$734$573$353
22 years$1,391$1,099$860$667$514$308
23 years$1,317$1,028$794$608$461$269
24 years$1,249$963$734$554$414$234
25 years$1,186$904$680$506$373$205
26 years$1,128$850$631$463$336$179
27 years$1,075$800$586$424$303$157
28 years$1,025$753$545$388$273$137
29 years$979$711$507$356$247$120
30 years$936$671$472$327$223$105
31 years$896$635$440$300$202$92
32 years$859$600$411$276$182$81
33 years$824$569$383$253$165$71
34 years$791$539$358$233$149$62
35 years$760$511$335$215$135$55
36 years$731$485$313$198$123$48
37 years$703$461$293$182$111$42
38 years$677$438$275$168$101$37
39 years$652$416$257$155$91$32
40 years$629$396$241$143$83$28
41 years$607$377$226$132$75$25
42 years$586$359$212$122$68$22
43 years$566$342$199$112$62$19
44 years$547$326$187$104$56$17
45 years$528$311$175$96$51$15
46 years$511$297$165$88$46$13
47 years$495$283$155$82$42$11
48 years$479$270$145$75$38$10
49 years$464$258$137$70$35$9
50 years$449$247$129$64$32$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $460,000, adding $5,066 every year, while hoping to spend $28,110 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: 38/49/13 Blend
45$460,000$460,000$460,000$460,000
46$512,146$487,766$480,636$529,407
47$534,476$481,757$466,828$536,173
48$558,141$474,512$451,616$540,379
49$583,249$465,941$434,922$544,310
50$609,915$455,947$416,667$547,954
51$638,267$444,429$396,766$551,302
52$668,445$431,280$375,132$554,346
53$700,600$416,387$351,673$557,078
54$734,901$399,629$326,293$559,494
55$771,529$380,880$298,893$561,592
56$810,687$360,004$269,367$563,374
57$852,592$336,860$237,607$564,843
58$897,488$311,298$203,498$566,007
59$945,638$283,157$166,921$566,880
60$997,332$252,271$127,752$567,481
61$1,052,889$218,461$85,861$567,834
62$1,112,658$181,541$41,112$567,971
63$1,177,024$141,311$0$567,931
64$1,246,407$97,562$0$568,686
65$1,321,272$50,073$0$575,520
66$1,402,126$0$0$582,815
67$1,489,528$0$0$591,430
68$1,584,095$0$0$630,012
69$1,686,499$0$0$671,845
70$1,797,486$0$0$717,238
71$1,917,870$0$0$766,533
72$2,048,550$0$0$820,103
73$2,190,513$0$0$878,363
74$2,344,847$0$0$941,765
75$2,512,747$0$0$1,010,810
76$2,695,526$0$0$1,086,046
77$2,894,634$0$0$1,168,078
78$3,111,662$0$0$1,257,572
79$3,348,362$0$0$1,355,260
80$3,606,664$0$0$1,461,950
81$3,888,691$0$0$1,578,527
82$4,196,781$0$0$1,705,971
83$4,533,506$0$0$1,845,357
84$4,901,700$0$0$1,997,869
85$5,304,481$0$0$2,164,813
86$5,745,285$0$0$2,347,624
87$6,227,893$0$0$2,547,885
88$6,756,469$0$0$2,767,339
89$7,335,600$0$0$3,007,902
90$7,970,336$0$0$3,271,690
91$8,666,240$0$0$3,561,029
92$9,429,439$0$0$3,878,483
93$10,266,680$0$0$4,226,875
94$11,185,396$0$0$4,609,316
95$12,193,774$0$0$5,029,232
96$13,300,832$0$0$5,490,397
97$14,516,503$0$0$5,996,968
98$15,851,731$0$0$6,553,526
99$17,318,570$0$0$7,165,117
100$18,930,301$0$0$7,837,298