Can I retire at age 46 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$43,767$43,377$42,997$42,625$42,263$40,731
2 years$21,667$21,263$20,872$20,493$20,125$18,599
3 years$14,301$13,896$13,506$13,130$12,768$11,295
4 years$10,619$10,215$9,829$9,459$9,106$7,698
5 years$8,410$8,009$7,627$7,266$6,923$5,582
6 years$6,938$6,540$6,164$5,811$5,478$4,206
7 years$5,887$5,492$5,122$4,777$4,455$3,253
8 years$5,099$4,708$4,344$4,007$3,696$2,561
9 years$4,487$4,099$3,742$3,413$3,112$2,044
10 years$3,997$3,613$3,262$2,942$2,652$1,648
11 years$3,597$3,216$2,872$2,561$2,281$1,340
12 years$3,263$2,887$2,549$2,246$1,976$1,096
13 years$2,981$2,609$2,277$1,983$1,723$900
14 years$2,740$2,371$2,046$1,760$1,511$743
15 years$2,531$2,166$1,847$1,570$1,330$615
16 years$2,348$1,988$1,675$1,406$1,176$510
17 years$2,187$1,830$1,524$1,263$1,042$424
18 years$2,044$1,691$1,391$1,138$927$353
19 years$1,916$1,568$1,274$1,028$826$295
20 years$1,801$1,457$1,169$931$738$246
21 years$1,697$1,357$1,075$845$660$206
22 years$1,603$1,267$991$769$592$172
23 years$1,517$1,185$915$700$531$144
24 years$1,439$1,110$846$638$478$121
25 years$1,366$1,042$784$583$430$101
26 years$1,300$979$727$533$387$85
27 years$1,238$921$675$488$349$71
28 years$1,181$868$627$447$315$60
29 years$1,128$819$584$410$284$50
30 years$1,079$773$544$376$257$42
31 years$1,033$731$507$346$232$35
32 years$990$692$473$318$210$30
33 years$949$655$442$292$190$25
34 years$911$621$413$269$172$21
35 years$875$589$386$247$156$18
36 years$842$559$361$228$141$15
37 years$810$531$338$210$128$12
38 years$780$505$316$193$116$10
39 years$752$480$296$178$105$9
40 years$725$456$278$165$95$7
41 years$699$435$261$152$87$6
42 years$675$414$244$140$79$5
43 years$652$394$229$129$71$4
44 years$630$376$215$119$65$4
45 years$609$358$202$110$59$3
46 years$589$342$190$102$53$3
47 years$570$326$178$94$48$2
48 years$552$311$168$87$44$2
49 years$534$297$158$80$40$2
50 years$517$284$148$74$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $530,000, adding $2,549 every year, while hoping to spend $44,189 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: 65/12/23 Blend
45$530,000$530,000$530,000$530,000
46$586,689$558,599$550,384$621,181
47$599,515$538,954$521,805$625,068
48$612,168$516,865$490,788$624,096
49$624,583$492,166$457,204$622,019
50$636,689$464,681$420,919$618,731
51$648,405$434,223$381,793$614,119
52$659,639$400,597$339,680$608,056
53$670,289$363,593$294,426$600,408
54$680,242$322,993$245,873$591,028
55$689,370$278,562$193,853$579,755
56$697,531$230,057$138,192$566,415
57$704,566$177,217$78,709$550,820
58$710,300$119,768$15,213$532,763
59$714,535$57,421$0$512,021
60$717,053$0$0$501,245
61$717,611$0$0$493,434
62$715,940$0$0$491,588
63$711,741$0$0$487,911
64$704,680$0$0$482,164
65$694,391$0$0$474,081
66$680,463$0$0$463,370
67$662,445$0$0$449,707
68$639,835$0$0$432,730
69$612,078$0$0$412,042
70$578,560$0$0$387,202
71$538,601$0$0$357,721
72$491,448$0$0$323,061
73$436,270$0$0$282,625
74$372,147$0$0$235,752
75$298,061$0$0$181,714
76$212,889$0$0$119,704
77$115,389$0$0$48,832
78$4,189$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0