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%18.8%
1 years$45,418$45,014$44,619$44,234$43,858$42,302
2 years$22,484$22,066$21,660$21,266$20,885$19,333
3 years$14,841$14,420$14,015$13,626$13,250$11,753
4 years$11,020$10,600$10,200$9,816$9,450$8,018
5 years$8,728$8,311$7,915$7,540$7,184$5,820
6 years$7,200$6,786$6,397$6,030$5,684$4,391
7 years$6,109$5,699$5,316$4,957$4,623$3,399
8 years$5,292$4,885$4,508$4,159$3,835$2,680
9 years$4,656$4,254$3,883$3,542$3,230$2,142
10 years$4,148$3,749$3,385$3,053$2,752$1,729
11 years$3,732$3,338$2,980$2,657$2,367$1,407
12 years$3,386$2,996$2,645$2,331$2,051$1,152
13 years$3,094$2,707$2,363$2,058$1,788$948
14 years$2,843$2,461$2,123$1,827$1,568$783
15 years$2,626$2,248$1,917$1,629$1,380$649
16 years$2,437$2,063$1,738$1,459$1,220$539
17 years$2,270$1,900$1,582$1,311$1,082$449
18 years$2,121$1,755$1,444$1,181$962$375
19 years$1,989$1,627$1,322$1,067$857$313
20 years$1,869$1,512$1,213$967$766$262
21 years$1,762$1,408$1,116$877$685$219
22 years$1,664$1,314$1,028$798$614$184
23 years$1,575$1,229$949$726$551$154
24 years$1,493$1,152$878$663$496$129
25 years$1,418$1,081$813$605$446$109
26 years$1,349$1,016$754$553$402$91
27 years$1,285$956$700$506$362$77
28 years$1,226$901$651$464$327$64
29 years$1,171$850$606$425$295$54
30 years$1,120$803$564$390$267$46
31 years$1,072$759$526$359$241$38
32 years$1,027$718$491$330$218$32
33 years$985$680$458$303$197$27
34 years$946$644$428$279$179$23
35 years$908$611$400$257$162$19
36 years$874$580$375$236$147$16
37 years$841$551$351$218$133$14
38 years$809$524$328$201$120$11
39 years$780$498$308$185$109$10
40 years$752$474$288$171$99$8
41 years$725$451$270$158$90$7
42 years$700$429$254$145$82$6
43 years$676$409$238$134$74$5
44 years$653$390$223$124$67$4
45 years$632$372$210$114$61$3
46 years$611$355$197$106$55$3
47 years$591$339$185$98$50$2
48 years$572$323$174$90$46$2
49 years$554$309$163$83$41$2
50 years$537$295$154$77$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $550,000, adding $6,534 every year, while hoping to spend $41,648 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: 62/28/10 Blend
45$550,000$550,000$550,000$550,000
46$612,840$583,690$575,165$649,060
47$631,036$567,977$550,120$658,389
48$649,693$550,099$522,840$663,178
49$668,813$529,905$493,206$667,363
50$688,398$507,237$461,094$670,886
51$708,448$481,925$426,375$673,686
52$728,964$453,793$388,912$675,695
53$749,942$422,653$348,565$676,843
54$771,378$388,305$305,184$677,052
55$793,267$350,540$258,616$676,241
56$815,599$309,136$208,698$674,323
57$838,364$263,858$155,264$671,204
58$861,548$214,457$98,135$666,782
59$885,133$160,673$37,130$660,952
60$909,098$102,227$0$653,596
61$933,419$38,829$0$647,578
62$958,066$0$0$644,201
63$983,004$0$0$648,572
64$1,008,193$0$0$665,056
65$1,033,586$0$0$681,657
66$1,059,130$0$0$698,337
67$1,084,763$0$0$715,053
68$1,110,415$0$0$731,757
69$1,136,007$0$0$748,395
70$1,161,447$0$0$764,901
71$1,186,633$0$0$781,207
72$1,211,450$0$0$797,233
73$1,235,767$0$0$812,887
74$1,259,439$0$0$828,070
75$1,282,300$0$0$842,668
76$1,304,166$0$0$856,554
77$1,324,832$0$0$869,587
78$1,344,066$0$0$881,607
79$1,361,611$0$0$892,439
80$1,377,180$0$0$901,883
81$1,390,452$0$0$909,721
82$1,401,072$0$0$915,707
83$1,408,642$0$0$919,570
84$1,412,720$0$0$921,006
85$1,412,817$0$0$919,680
86$1,408,388$0$0$915,217
87$1,398,829$0$0$907,203
88$1,383,468$0$0$895,179
89$1,361,562$0$0$878,635
90$1,332,286$0$0$857,006
91$1,294,728$0$0$829,667
92$1,247,874$0$0$795,924
93$1,190,606$0$0$755,011
94$1,121,683$0$0$706,079
95$1,039,734$0$0$648,188
96$943,240$0$0$580,300
97$830,523$0$0$501,267
98$699,729$0$0$409,818
99$548,805$0$0$304,551
100$375,484$0$0$183,913