Can I retire at age 46 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$48,722$48,288$47,864$47,451$47,047$46,325
2 years$24,120$23,670$23,235$22,813$22,404$21,678
3 years$15,920$15,469$15,035$14,616$14,214$13,507
4 years$11,821$11,371$10,941$10,530$10,137$9,455
5 years$9,362$8,915$8,491$8,088$7,706$7,050
6 years$7,724$7,280$6,862$6,468$6,098$5,469
7 years$6,554$6,114$5,702$5,318$4,959$4,357
8 years$5,677$5,241$4,836$4,461$4,114$3,539
9 years$4,995$4,563$4,165$3,800$3,465$2,917
10 years$4,450$4,022$3,631$3,276$2,952$2,431
11 years$4,004$3,580$3,197$2,851$2,539$2,044
12 years$3,633$3,214$2,837$2,500$2,200$1,730
13 years$3,319$2,904$2,535$2,208$1,919$1,473
14 years$3,050$2,640$2,278$1,960$1,682$1,261
15 years$2,817$2,412$2,056$1,748$1,481$1,083
16 years$2,614$2,213$1,864$1,565$1,309$933
17 years$2,435$2,038$1,697$1,406$1,160$806
18 years$2,275$1,883$1,549$1,267$1,032$699
19 years$2,133$1,745$1,418$1,145$920$606
20 years$2,005$1,622$1,301$1,037$821$527
21 years$1,890$1,510$1,197$941$735$459
22 years$1,785$1,410$1,103$856$659$400
23 years$1,689$1,319$1,018$779$591$349
24 years$1,602$1,236$942$711$532$305
25 years$1,521$1,159$872$649$478$267
26 years$1,447$1,090$809$593$431$234
27 years$1,378$1,026$751$543$389$205
28 years$1,315$966$698$498$351$179
29 years$1,256$912$650$456$317$157
30 years$1,201$861$605$419$286$138
31 years$1,150$814$564$385$259$121
32 years$1,102$770$527$354$234$106
33 years$1,057$729$492$325$212$93
34 years$1,014$691$459$299$192$82
35 years$975$656$430$275$174$72
36 years$937$622$402$254$157$63
37 years$902$591$376$234$143$55
38 years$868$562$352$215$129$49
39 years$837$534$330$199$117$43
40 years$807$508$309$183$106$38
41 years$778$484$290$169$96$33
42 years$751$461$272$156$88$29
43 years$725$439$255$144$79$26
44 years$701$418$240$133$72$22
45 years$678$399$225$123$65$20
46 years$655$381$211$113$59$17
47 years$634$363$199$105$54$15
48 years$614$347$187$97$49$13
49 years$595$331$175$89$45$12
50 years$576$316$165$83$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $590,000, adding $3,187 every year, while hoping to spend $37,845 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: 47/33/20 Blend
45$590,000$590,000$590,000$590,000
46$653,467$622,197$613,052$680,328
47$679,854$612,418$593,323$689,616
48$707,664$600,892$571,664$695,642
49$737,002$587,492$547,971$701,394
50$767,984$572,086$522,135$706,863
51$800,733$554,533$494,041$712,040
52$835,386$534,684$463,571$716,921
53$872,093$512,381$430,598$721,502
54$911,017$487,457$394,993$725,783
55$952,334$459,737$356,619$729,767
56$996,241$429,032$315,334$733,460
57$1,042,949$395,146$270,989$736,874
58$1,092,692$357,870$223,429$740,026
59$1,145,724$316,984$172,492$742,938
60$1,202,325$272,254$118,008$745,638
61$1,262,802$223,433$59,801$748,164
62$1,327,489$170,263$0$750,561
63$1,396,754$112,467$0$753,380
64$1,471,001$49,756$0$769,844
65$1,550,672$0$0$787,300
66$1,636,253$0$0$812,489
67$1,728,277$0$0$859,050
68$1,827,329$0$0$909,216
69$1,934,051$0$0$963,319
70$2,049,149$0$0$1,021,723
71$2,173,399$0$0$1,084,829
72$2,307,652$0$0$1,153,077
73$2,452,845$0$0$1,226,951
74$2,610,006$0$0$1,306,981
75$2,780,268$0$0$1,393,754
76$2,964,874$0$0$1,487,912
77$3,165,191$0$0$1,590,161
78$3,382,725$0$0$1,701,280
79$3,619,130$0$0$1,822,124
80$3,876,226$0$0$1,953,635
81$4,156,016$0$0$2,096,848
82$4,460,704$0$0$2,252,903
83$4,792,715$0$0$2,423,054
84$5,154,716$0$0$2,608,682
85$5,549,646$0$0$2,811,306
86$5,980,737$0$0$3,032,598
87$6,451,547$0$0$3,274,400
88$6,965,995$0$0$3,538,739
89$7,528,392$0$0$3,827,846
90$8,143,488$0$0$4,144,179
91$8,816,511$0$0$4,490,444
92$9,553,216$0$0$4,869,620
93$10,359,945$0$0$5,284,989
94$11,243,677$0$0$5,740,163
95$12,212,102$0$0$6,239,121
96$13,273,684$0$0$6,786,248
97$14,437,751$0$0$7,386,370
98$15,714,572$0$0$8,044,804
99$17,115,461$0$0$8,767,407
100$18,652,877$0$0$9,560,629