Can I retire at age 46 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$46,244$45,832$45,430$45,038$44,655$43,807
2 years$22,893$22,467$22,054$21,653$21,264$20,413
3 years$15,111$14,682$14,270$13,873$13,491$12,664
4 years$11,220$10,793$10,385$9,995$9,622$8,824
5 years$8,886$8,462$8,059$7,677$7,314$6,549
6 years$7,331$6,910$6,513$6,139$5,788$5,055
7 years$6,220$5,803$5,412$5,048$4,707$4,008
8 years$5,388$4,974$4,590$4,234$3,905$3,239
9 years$4,741$4,331$3,953$3,607$3,288$2,655
10 years$4,223$3,817$3,447$3,109$2,802$2,200
11 years$3,800$3,398$3,034$2,706$2,410$1,839
12 years$3,448$3,050$2,693$2,373$2,088$1,548
13 years$3,150$2,757$2,406$2,095$1,821$1,311
14 years$2,895$2,506$2,162$1,860$1,596$1,114
15 years$2,674$2,289$1,952$1,659$1,405$951
16 years$2,481$2,100$1,770$1,485$1,242$815
17 years$2,311$1,934$1,610$1,334$1,101$700
18 years$2,160$1,787$1,470$1,203$979$602
19 years$2,025$1,656$1,346$1,087$873$519
20 years$1,903$1,539$1,235$984$780$448
21 years$1,794$1,434$1,136$893$698$388
22 years$1,694$1,338$1,047$812$625$336
23 years$1,603$1,252$967$740$561$291
24 years$1,520$1,173$894$675$505$253
25 years$1,444$1,101$828$616$454$219
26 years$1,373$1,034$768$563$409$190
27 years$1,308$973$713$516$369$166
28 years$1,248$917$663$472$333$144
29 years$1,192$865$617$433$300$125
30 years$1,140$817$575$398$271$109
31 years$1,091$773$536$365$245$95
32 years$1,046$731$500$336$222$83
33 years$1,003$692$467$309$201$72
34 years$963$656$436$284$182$63
35 years$925$622$408$261$165$55
36 years$889$591$381$241$149$48
37 years$856$561$357$222$135$42
38 years$824$533$334$204$123$36
39 years$794$507$313$188$111$32
40 years$766$482$294$174$101$28
41 years$739$459$275$160$92$24
42 years$713$437$258$148$83$21
43 years$689$417$242$137$75$18
44 years$665$397$227$126$68$16
45 years$643$379$214$117$62$14
46 years$622$361$201$108$56$12
47 years$602$345$188$99$51$11
48 years$583$329$177$92$47$9
49 years$564$314$166$85$42$8
50 years$547$300$156$78$38$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $560,000, adding $3,495 every year, while hoping to spend $40,486 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: 76/13/11 Blend
45$560,000$560,000$560,000$560,000
46$620,725$591,045$582,365$666,361
47$640,962$576,930$558,798$682,794
48$661,907$560,765$533,084$695,327
49$683,588$542,409$505,108$707,924
50$706,037$521,710$474,752$720,578
51$729,286$498,508$441,890$733,280
52$753,371$472,632$406,391$746,022
53$778,328$443,904$368,118$758,794
54$804,195$412,134$326,929$771,587
55$831,016$377,121$282,673$784,391
56$858,833$338,654$235,197$797,198
57$887,694$296,508$184,335$809,997
58$917,648$250,446$129,920$822,778
59$948,749$200,219$71,773$835,533
60$981,054$145,561$9,710$848,252
61$1,014,623$86,195$0$860,926
62$1,049,521$21,826$0$880,180
63$1,085,818$0$0$901,020
64$1,123,589$0$0$929,170
65$1,162,913$0$0$961,731
66$1,203,877$0$0$995,654
67$1,246,573$0$0$1,031,015
68$1,291,101$0$0$1,067,899
69$1,337,569$0$0$1,106,393
70$1,386,091$0$0$1,146,596
71$1,436,794$0$0$1,188,610
72$1,489,812$0$0$1,232,550
73$1,545,291$0$0$1,278,536
74$1,603,391$0$0$1,326,702
75$1,664,281$0$0$1,377,189
76$1,728,149$0$0$1,430,154
77$1,795,195$0$0$1,485,765
78$1,865,640$0$0$1,544,205
79$1,939,721$0$0$1,605,673
80$2,017,698$0$0$1,670,385
81$2,099,852$0$0$1,738,578
82$2,186,492$0$0$1,810,507
83$2,277,950$0$0$1,886,452
84$2,374,593$0$0$1,966,719
85$2,476,819$0$0$2,051,641
86$2,585,063$0$0$2,141,581
87$2,699,798$0$0$2,236,935
88$2,821,546$0$0$2,338,139
89$2,950,872$0$0$2,445,666
90$3,088,398$0$0$2,560,035
91$3,234,802$0$0$2,681,815
92$3,390,828$0$0$2,811,627
93$3,557,290$0$0$2,950,152
94$3,735,080$0$0$3,098,137
95$3,925,176$0$0$3,256,398
96$4,128,648$0$0$3,425,834
97$4,346,672$0$0$3,607,426
98$4,580,538$0$0$3,802,253
99$4,831,658$0$0$4,011,499
100$5,101,586$0$0$4,236,463