Can I retire at age 46 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$42,115$41,740$41,374$41,017$40,668$40,361
2 years$20,849$20,461$20,085$19,720$19,366$19,056
3 years$13,761$13,371$12,996$12,635$12,286$11,984
4 years$10,218$9,829$9,458$9,103$8,763$8,470
5 years$8,093$7,706$7,340$6,992$6,661$6,379
6 years$6,676$6,293$5,932$5,591$5,271$4,999
7 years$5,665$5,285$4,929$4,597$4,287$4,025
8 years$4,907$4,530$4,180$3,856$3,556$3,306
9 years$4,317$3,944$3,600$3,285$2,995$2,755
10 years$3,846$3,477$3,139$2,831$2,552$2,322
11 years$3,461$3,095$2,764$2,464$2,195$1,976
12 years$3,140$2,778$2,453$2,161$1,902$1,693
13 years$2,869$2,510$2,191$1,908$1,658$1,459
14 years$2,637$2,282$1,969$1,694$1,454$1,265
15 years$2,435$2,085$1,778$1,511$1,280$1,100
16 years$2,259$1,913$1,612$1,353$1,131$961
17 years$2,104$1,761$1,466$1,215$1,003$841
18 years$1,967$1,628$1,339$1,095$892$739
19 years$1,844$1,508$1,226$990$795$650
20 years$1,733$1,402$1,125$896$710$573
21 years$1,633$1,306$1,035$813$635$506
22 years$1,543$1,219$953$740$570$448
23 years$1,460$1,140$880$674$511$397
24 years$1,384$1,068$814$614$460$352
25 years$1,315$1,002$754$561$414$312
26 years$1,251$942$699$513$372$277
27 years$1,192$887$649$470$336$247
28 years$1,137$835$604$430$303$219
29 years$1,086$788$562$395$274$195
30 years$1,038$744$523$362$247$174
31 years$994$704$488$333$224$155
32 years$952$666$455$306$202$138
33 years$913$630$425$281$183$123
34 years$877$598$397$259$166$110
35 years$842$567$371$238$150$98
36 years$810$538$347$219$136$87
37 years$779$511$325$202$123$78
38 years$751$486$304$186$112$70
39 years$723$462$285$172$101$62
40 years$697$439$267$158$92$56
41 years$673$418$251$146$83$50
42 years$649$398$235$135$76$44
43 years$627$379$221$124$69$40
44 years$606$362$207$115$62$35
45 years$586$345$194$106$57$32
46 years$567$329$183$98$51$28
47 years$548$314$172$91$47$25
48 years$531$300$161$84$42$23
49 years$514$286$152$77$38$20
50 years$498$273$143$71$35$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $510,000, adding $5,449 every year, while hoping to spend $32,157 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: 52/36/12 Blend
45$510,000$510,000$510,000$510,000
46$567,641$540,611$532,706$595,083
47$591,325$532,886$516,336$606,684
48$616,348$523,705$498,341$615,404
49$642,811$512,962$478,631$624,151
50$670,827$500,546$457,114$632,933
51$700,517$486,339$433,694$641,765
52$732,016$470,215$408,269$650,665
53$765,469$452,043$380,733$659,651
54$801,036$431,683$350,977$668,750
55$838,892$408,986$318,885$677,992
56$879,228$383,795$284,336$687,411
57$922,253$355,945$247,206$697,051
58$968,197$325,261$207,362$706,959
59$1,017,312$291,557$164,667$717,194
60$1,069,873$254,638$118,978$727,822
61$1,126,182$214,297$70,146$738,919
62$1,186,570$170,316$18,014$750,574
63$1,251,402$122,463$0$762,888
64$1,321,077$70,495$0$780,793
65$1,396,033$14,155$0$802,379
66$1,476,750$0$0$825,510
67$1,563,758$0$0$868,932
68$1,657,636$0$0$921,873
69$1,759,023$0$0$979,089
70$1,868,619$0$0$1,040,981
71$1,987,195$0$0$1,107,991
72$2,115,596$0$0$1,180,601
73$2,254,754$0$0$1,259,345
74$2,405,693$0$0$1,344,808
75$2,569,537$0$0$1,437,634
76$2,747,524$0$0$1,538,532
77$2,941,018$0$0$1,648,280
78$3,151,514$0$0$1,767,736
79$3,380,663$0$0$1,897,844
80$3,630,277$0$0$2,039,642
81$3,902,352$0$0$2,194,271
82$4,199,086$0$0$2,362,990
83$4,522,895$0$0$2,547,183
84$4,876,441$0$0$2,748,374
85$5,262,653$0$0$2,968,239
86$5,684,757$0$0$3,208,626
87$6,146,303$0$0$3,471,568
88$6,651,199$0$0$3,759,303
89$7,203,752$0$0$4,074,297
90$7,808,700$0$0$4,419,263
91$8,471,263$0$0$4,797,192
92$9,197,188$0$0$5,211,375
93$9,992,807$0$0$5,665,439
94$10,865,090$0$0$6,163,375
95$11,821,716$0$0$6,709,583
96$12,871,142$0$0$7,308,907
97$14,022,683$0$0$7,966,683
98$15,286,600$0$0$8,688,788
99$16,674,195$0$0$9,481,698
100$18,197,918$0$0$10,352,544