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%16.2%
1 years$45,418$45,014$44,619$44,234$43,858$42,745
2 years$22,484$22,066$21,660$21,266$20,885$19,771
3 years$14,841$14,420$14,015$13,626$13,250$12,170
4 years$11,020$10,600$10,200$9,816$9,450$8,412
5 years$8,728$8,311$7,915$7,540$7,184$6,191
6 years$7,200$6,786$6,397$6,030$5,684$4,737
7 years$6,109$5,699$5,316$4,957$4,623$3,722
8 years$5,292$4,885$4,508$4,159$3,835$2,980
9 years$4,656$4,254$3,883$3,542$3,230$2,419
10 years$4,148$3,749$3,385$3,053$2,752$1,985
11 years$3,732$3,338$2,980$2,657$2,367$1,643
12 years$3,386$2,996$2,645$2,331$2,051$1,369
13 years$3,094$2,707$2,363$2,058$1,788$1,146
14 years$2,843$2,461$2,123$1,827$1,568$964
15 years$2,626$2,248$1,917$1,629$1,380$814
16 years$2,437$2,063$1,738$1,459$1,220$689
17 years$2,270$1,900$1,582$1,311$1,082$585
18 years$2,121$1,755$1,444$1,181$962$498
19 years$1,989$1,627$1,322$1,067$857$424
20 years$1,869$1,512$1,213$967$766$362
21 years$1,762$1,408$1,116$877$685$309
22 years$1,664$1,314$1,028$798$614$264
23 years$1,575$1,229$949$726$551$226
24 years$1,493$1,152$878$663$496$194
25 years$1,418$1,081$813$605$446$166
26 years$1,349$1,016$754$553$402$143
27 years$1,285$956$700$506$362$122
28 years$1,226$901$651$464$327$105
29 years$1,171$850$606$425$295$90
30 years$1,120$803$564$390$267$77
31 years$1,072$759$526$359$241$67
32 years$1,027$718$491$330$218$57
33 years$985$680$458$303$197$49
34 years$946$644$428$279$179$42
35 years$908$611$400$257$162$36
36 years$874$580$375$236$147$31
37 years$841$551$351$218$133$27
38 years$809$524$328$201$120$23
39 years$780$498$308$185$109$20
40 years$752$474$288$171$99$17
41 years$725$451$270$158$90$15
42 years$700$429$254$145$82$13
43 years$676$409$238$134$74$11
44 years$653$390$223$124$67$9
45 years$632$372$210$114$61$8
46 years$611$355$197$106$55$7
47 years$591$339$185$98$50$6
48 years$572$323$174$90$46$5
49 years$554$309$163$83$41$4
50 years$537$295$154$77$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $550,000, adding $5,685 every year, while hoping to spend $37,816 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: 54/24/22 Blend
45$550,000$550,000$550,000$550,000
46$611,964$582,814$574,289$641,038
47$634,148$571,136$553,292$649,946
48$657,328$557,618$530,324$655,209
49$681,565$542,131$505,279$660,135
50$706,925$524,536$478,046$664,705
51$733,482$504,688$448,511$668,899
52$761,312$482,433$416,551$672,696
53$790,500$457,607$382,040$676,079
54$821,139$430,038$344,847$679,028
55$853,329$399,543$304,832$681,525
56$887,178$365,930$261,853$683,553
57$922,804$328,994$215,759$685,098
58$960,335$288,520$166,392$686,146
59$999,912$244,280$113,589$686,686
60$1,041,686$196,033$57,178$686,709
61$1,085,825$143,526$0$686,210
62$1,132,510$86,489$0$685,895
63$1,181,938$24,639$0$699,429
64$1,234,326$0$0$713,426
65$1,289,910$0$0$739,127
66$1,348,949$0$0$773,363
67$1,411,725$0$0$809,794
68$1,478,547$0$0$848,605
69$1,549,755$0$0$889,995
70$1,625,718$0$0$934,183
71$1,706,842$0$0$981,412
72$1,793,574$0$0$1,031,944
73$1,886,400$0$0$1,086,068
74$1,985,855$0$0$1,144,103
75$2,092,527$0$0$1,206,395
76$2,207,059$0$0$1,273,328
77$2,330,158$0$0$1,345,320
78$2,462,599$0$0$1,422,832
79$2,605,234$0$0$1,506,369
80$2,758,999$0$0$1,596,486
81$2,924,921$0$0$1,693,795
82$3,104,128$0$0$1,798,965
83$3,297,862$0$0$1,912,732
84$3,507,486$0$0$2,035,908
85$3,734,498$0$0$2,169,382
86$3,980,548$0$0$2,314,133
87$4,247,445$0$0$2,471,238
88$4,537,185$0$0$2,641,882
89$4,851,957$0$0$2,827,366
90$5,194,173$0$0$3,029,124
91$5,566,486$0$0$3,248,733
92$5,971,814$0$0$3,487,927
93$6,413,369$0$0$3,748,615
94$6,894,683$0$0$4,032,898
95$7,419,646$0$0$4,343,088
96$7,992,540$0$0$4,681,731
97$8,618,075$0$0$5,051,629
98$9,301,439$0$0$5,455,866
99$10,048,343$0$0$5,897,838
100$10,865,073$0$0$6,381,283