Can I retire at age 46 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$38,812$38,466$38,129$37,800$37,478$37,103
2 years$19,214$18,856$18,509$18,173$17,847$17,468
3 years$12,682$12,323$11,977$11,644$11,323$10,953
4 years$9,417$9,058$8,716$8,389$8,076$7,718
5 years$7,458$7,102$6,764$6,443$6,139$5,794
6 years$6,153$5,799$5,466$5,153$4,857$4,526
7 years$5,221$4,870$4,543$4,236$3,950$3,632
8 years$4,522$4,175$3,852$3,554$3,277$2,973
9 years$3,979$3,635$3,318$3,027$2,760$2,469
10 years$3,545$3,204$2,893$2,609$2,352$2,074
11 years$3,190$2,852$2,547$2,271$2,022$1,758
12 years$2,894$2,560$2,260$1,992$1,753$1,500
13 years$2,644$2,314$2,019$1,759$1,528$1,289
14 years$2,430$2,103$1,814$1,561$1,340$1,112
15 years$2,244$1,921$1,638$1,392$1,180$964
16 years$2,082$1,763$1,485$1,247$1,043$838
17 years$1,939$1,623$1,351$1,120$924$731
18 years$1,813$1,500$1,234$1,009$822$639
19 years$1,699$1,390$1,129$912$733$560
20 years$1,597$1,292$1,037$826$654$492
21 years$1,505$1,203$953$750$586$432
22 years$1,422$1,123$879$682$525$381
23 years$1,346$1,050$811$621$471$336
24 years$1,276$984$750$566$423$296
25 years$1,212$924$695$517$381$262
26 years$1,153$868$645$473$343$231
27 years$1,098$817$599$433$309$205
28 years$1,048$770$556$396$279$181
29 years$1,001$726$518$364$252$161
30 years$957$686$482$334$228$142
31 years$916$648$450$306$206$126
32 years$878$613$420$282$186$112
33 years$842$581$392$259$169$99
34 years$808$551$366$238$153$88
35 years$776$522$342$219$138$78
36 years$746$496$320$202$125$69
37 years$718$471$300$186$114$62
38 years$692$447$281$172$103$55
39 years$666$425$263$158$93$49
40 years$643$405$246$146$85$43
41 years$620$385$231$135$77$38
42 years$598$367$217$124$70$34
43 years$578$350$203$115$63$30
44 years$558$333$191$106$57$27
45 years$540$318$179$98$52$24
46 years$522$303$168$90$47$21
47 years$505$289$158$83$43$19
48 years$489$276$149$77$39$17
49 years$474$264$140$71$35$15
50 years$459$252$131$66$32$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $470,000, adding $6,176 every year, while hoping to spend $27,966 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: 74/17/9 Blend
45$470,000$470,000$470,000$470,000
46$524,311$499,401$492,116$561,844
47$548,035$494,116$478,846$582,150
48$573,241$487,634$464,194$600,269
49$600,052$479,869$448,085$619,333
50$628,600$470,725$430,439$639,428
51$659,032$460,105$411,173$660,648
52$691,506$447,903$390,200$683,096
53$726,199$434,009$367,431$706,886
54$763,301$418,305$342,769$732,145
55$803,022$400,667$316,117$759,014
56$845,594$380,964$287,371$787,648
57$891,270$359,056$256,423$818,217
58$940,326$334,796$223,159$850,912
59$993,068$308,030$187,463$885,943
60$1,049,829$278,591$149,212$923,541
61$1,110,977$246,308$108,276$963,963
62$1,176,915$210,996$64,522$1,007,493
63$1,248,087$172,461$17,810$1,054,445
64$1,324,978$130,498$0$1,105,165
65$1,408,125$84,891$0$1,163,114
66$1,498,114$35,411$0$1,227,665
67$1,595,592$0$0$1,297,589
68$1,701,271$0$0$1,376,821
69$1,815,931$0$0$1,469,993
70$1,940,432$0$0$1,571,178
71$2,075,719$0$0$1,681,149
72$2,222,832$0$0$1,800,753
73$2,382,916$0$0$1,930,923
74$2,557,229$0$0$2,072,684
75$2,747,156$0$0$2,227,166
76$2,954,222$0$0$2,395,613
77$3,180,105$0$0$2,579,391
78$3,426,652$0$0$2,780,006
79$3,695,895$0$0$2,999,116
80$3,990,071$0$0$3,238,544
81$4,311,646$0$0$3,500,301
82$4,663,330$0$0$3,786,596
83$5,048,112$0$0$4,099,865
84$5,469,278$0$0$4,442,790
85$5,930,450$0$0$4,818,322
86$6,435,616$0$0$5,229,712
87$6,989,167$0$0$5,680,543
88$7,595,940$0$0$6,174,755
89$8,261,261$0$0$6,716,694
90$8,990,996$0$0$7,311,142
91$9,791,607$0$0$7,963,369
92$10,670,212$0$0$8,679,176
93$11,634,650$0$0$9,464,958
94$12,693,557$0$0$10,327,755
95$13,856,446$0$0$11,275,325
96$15,133,797$0$0$12,316,213
97$16,537,153$0$0$13,459,831
98$18,079,232$0$0$14,716,550
99$19,774,045$0$0$16,097,795
100$21,637,027$0$0$17,616,152