Can I retire at age 46 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$45,418$45,014$44,619$44,234$43,858$42,454
2 years$22,484$22,066$21,660$21,266$20,885$19,483
3 years$14,841$14,420$14,015$13,626$13,250$11,895
4 years$11,020$10,600$10,200$9,816$9,450$8,152
5 years$8,728$8,311$7,915$7,540$7,184$5,946
6 years$7,200$6,786$6,397$6,030$5,684$4,508
7 years$6,109$5,699$5,316$4,957$4,623$3,507
8 years$5,292$4,885$4,508$4,159$3,835$2,780
9 years$4,656$4,254$3,883$3,542$3,230$2,234
10 years$4,148$3,749$3,385$3,053$2,752$1,814
11 years$3,732$3,338$2,980$2,657$2,367$1,485
12 years$3,386$2,996$2,645$2,331$2,051$1,223
13 years$3,094$2,707$2,363$2,058$1,788$1,013
14 years$2,843$2,461$2,123$1,827$1,568$842
15 years$2,626$2,248$1,917$1,629$1,380$702
16 years$2,437$2,063$1,738$1,459$1,220$587
17 years$2,270$1,900$1,582$1,311$1,082$492
18 years$2,121$1,755$1,444$1,181$962$414
19 years$1,989$1,627$1,322$1,067$857$348
20 years$1,869$1,512$1,213$967$766$293
21 years$1,762$1,408$1,116$877$685$247
22 years$1,664$1,314$1,028$798$614$209
23 years$1,575$1,229$949$726$551$176
24 years$1,493$1,152$878$663$496$149
25 years$1,418$1,081$813$605$446$126
26 years$1,349$1,016$754$553$402$107
27 years$1,285$956$700$506$362$90
28 years$1,226$901$651$464$327$76
29 years$1,171$850$606$425$295$65
30 years$1,120$803$564$390$267$55
31 years$1,072$759$526$359$241$46
32 years$1,027$718$491$330$218$39
33 years$985$680$458$303$197$33
34 years$946$644$428$279$179$28
35 years$908$611$400$257$162$24
36 years$874$580$375$236$147$20
37 years$841$551$351$218$133$17
38 years$809$524$328$201$120$15
39 years$780$498$308$185$109$12
40 years$752$474$288$171$99$10
41 years$725$451$270$158$90$9
42 years$700$429$254$145$82$8
43 years$676$409$238$134$74$6
44 years$653$390$223$124$67$5
45 years$632$372$210$114$61$5
46 years$611$355$197$106$55$4
47 years$591$339$185$98$50$3
48 years$572$323$174$90$46$3
49 years$554$309$163$83$41$2
50 years$537$295$154$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $550,000, adding $4,546 every year, while hoping to spend $24,547 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: 43/42/15 Blend
45$550,000$550,000$550,000$550,000
46$610,789$581,639$573,114$634,208
47$646,972$584,022$566,196$653,471
48$686,022$585,698$558,223$671,535
49$728,208$586,608$549,134$690,576
50$773,820$586,688$538,866$710,694
51$823,183$585,868$527,350$732,001
52$876,648$584,077$514,517$754,623
53$934,607$581,237$500,294$778,698
54$997,486$577,267$484,604$804,381
55$1,065,757$572,080$467,365$831,845
56$1,139,937$565,585$448,495$861,282
57$1,220,596$557,684$427,905$892,906
58$1,308,361$548,274$405,503$926,953
59$1,403,920$537,246$381,194$963,688
60$1,508,032$524,483$354,876$1,003,403
61$1,621,532$509,864$326,446$1,046,423
62$1,745,340$493,259$295,793$1,093,111
63$1,880,466$474,530$262,803$1,143,867
64$2,028,024$453,532$227,357$1,199,136
65$2,189,238$430,111$189,330$1,259,412
66$2,365,459$404,105$148,591$1,325,242
67$2,558,171$375,341$105,004$1,397,234
68$2,769,009$343,638$58,427$1,476,060
69$2,999,776$308,804$8,711$1,562,466
70$3,252,453$270,635$0$1,657,279
71$3,529,224$228,917$0$1,768,510
72$3,832,493$183,423$0$1,892,025
73$4,164,910$133,913$0$2,027,579
74$4,529,391$80,135$0$2,176,440
75$4,929,148$21,820$0$2,340,014
76$5,367,720$0$0$2,519,853
77$5,849,003$0$0$2,736,766
78$6,377,292$0$0$2,986,003
79$6,957,314$0$0$3,259,720
80$7,594,279$0$0$3,560,385
81$8,293,925$0$0$3,890,714
82$9,062,573$0$0$4,253,703
83$9,907,187$0$0$4,652,651
84$10,835,440$0$0$5,091,190
85$11,855,782$0$0$5,573,326
86$12,977,525$0$0$6,103,469
87$14,210,929$0$0$6,686,478
88$15,567,296$0$0$7,327,710
89$17,059,077$0$0$8,033,061
90$18,699,994$0$0$8,809,034
91$20,505,162$0$0$9,662,788
92$22,491,237$0$0$10,602,215
93$24,676,570$0$0$11,636,010
94$27,081,381$0$0$12,773,751
95$29,727,948$0$0$14,025,993
96$32,640,819$0$0$15,404,368
97$35,847,043$0$0$16,921,691
98$39,376,423$0$0$18,592,082
99$43,261,798$0$0$20,431,101
100$47,539,355$0$0$22,455,892