Can I retire at age 46 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$41,290$40,922$40,563$40,213$39,871$39,537
2 years$20,440$20,060$19,691$19,333$18,986$18,649
3 years$13,492$13,109$12,741$12,387$12,046$11,717
4 years$10,018$9,637$9,272$8,924$8,591$8,272
5 years$7,934$7,555$7,196$6,855$6,531$6,223
6 years$6,545$6,169$5,815$5,482$5,168$4,872
7 years$5,554$5,181$4,832$4,507$4,203$3,919
8 years$4,811$4,441$4,098$3,781$3,486$3,214
9 years$4,233$3,867$3,530$3,220$2,936$2,676
10 years$3,771$3,408$3,077$2,776$2,502$2,253
11 years$3,393$3,034$2,709$2,416$2,152$1,914
12 years$3,079$2,723$2,404$2,119$1,864$1,638
13 years$2,813$2,461$2,148$1,871$1,626$1,411
14 years$2,585$2,237$1,930$1,661$1,425$1,221
15 years$2,388$2,044$1,743$1,481$1,255$1,061
16 years$2,215$1,875$1,580$1,326$1,109$925
17 years$2,063$1,727$1,438$1,191$983$809
18 years$1,928$1,596$1,312$1,074$874$709
19 years$1,808$1,479$1,202$970$779$623
20 years$1,699$1,374$1,103$879$696$549
21 years$1,601$1,280$1,014$798$623$484
22 years$1,512$1,195$935$725$558$427
23 years$1,431$1,118$863$660$501$378
24 years$1,357$1,047$798$602$451$335
25 years$1,289$983$739$550$405$297
26 years$1,226$923$686$503$365$263
27 years$1,168$869$637$460$329$233
28 years$1,114$819$592$422$297$207
29 years$1,064$773$551$387$268$184
30 years$1,018$730$513$355$242$164
31 years$974$690$478$326$219$146
32 years$934$653$446$300$198$130
33 years$895$618$417$276$179$115
34 years$860$586$389$254$162$103
35 years$826$556$364$233$147$92
36 years$794$527$341$215$133$82
37 years$764$501$319$198$121$73
38 years$736$476$298$183$110$65
39 years$709$453$280$168$99$58
40 years$684$431$262$155$90$52
41 years$659$410$246$143$82$46
42 years$637$390$231$132$74$41
43 years$615$372$216$122$67$37
44 years$594$355$203$113$61$33
45 years$574$338$191$104$55$29
46 years$555$323$179$96$50$26
47 years$538$308$168$89$46$23
48 years$520$294$158$82$42$21
49 years$504$281$149$76$38$18
50 years$488$268$140$70$34$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $500,000, adding $6,891 every year, while hoping to spend $26,754 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: 89/6/5 Blend
45$500,000$500,000$500,000$500,000
46$558,108$531,608$523,858$607,233
47$586,569$529,191$512,941$637,824
48$617,036$525,758$500,762$666,946
49$649,686$521,233$487,250$698,074
50$684,713$515,532$472,331$731,388
51$722,328$508,567$455,928$767,088
52$762,764$500,246$437,961$805,392
53$806,278$490,470$418,345$846,540
54$853,150$479,135$396,991$890,798
55$903,689$466,130$373,808$938,455
56$958,234$451,339$348,699$989,833
57$1,017,157$434,638$321,564$1,045,283
58$1,080,868$415,896$292,297$1,105,194
59$1,149,816$394,974$260,788$1,169,992
60$1,224,495$371,726$226,923$1,240,147
61$1,305,450$345,997$190,581$1,316,176
62$1,393,278$317,622$151,637$1,398,650
63$1,488,636$286,430$109,962$1,488,195
64$1,592,249$252,237$65,417$1,585,503
65$1,704,911$214,849$17,860$1,691,333
66$1,827,497$174,061$0$1,806,525
67$1,960,970$129,659$0$1,933,755
68$2,106,390$81,414$0$2,073,417
69$2,264,924$29,085$0$2,225,685
70$2,437,854$0$0$2,391,802
71$2,626,592$0$0$2,574,958
72$2,832,695$0$0$2,777,063
73$3,057,873$0$0$2,997,875
74$3,304,011$0$0$3,239,244
75$3,573,183$0$0$3,503,203
76$3,867,674$0$0$3,791,992
77$4,189,999$0$0$4,108,080
78$4,542,927$0$0$4,454,181
79$4,929,509$0$0$4,833,288
80$5,353,103$0$0$5,248,694
81$5,817,409$0$0$5,704,027
82$6,326,499$0$0$6,203,284
83$6,884,862$0$0$6,750,864
84$7,497,439$0$0$7,351,615
85$8,169,675$0$0$8,010,876
86$8,907,564$0$0$8,734,527
87$9,717,713$0$0$9,529,047
88$10,607,396$0$0$10,401,571
89$11,584,629$0$0$11,359,960
90$12,658,242$0$0$12,412,874
91$13,837,960$0$0$13,569,853
92$15,134,499$0$0$14,841,405
93$16,559,665$0$0$16,239,110
94$18,126,464$0$0$17,775,723
95$19,849,224$0$0$19,465,297
96$21,743,732$0$0$21,323,317
97$23,827,382$0$0$23,366,840
98$26,119,336$0$0$25,614,661
99$28,640,708$0$0$28,087,489
100$31,414,762$0$0$30,808,140