Can I retire at age 46 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$49,547$49,106$48,676$48,255$47,845$46,444
2 years$24,528$24,072$23,629$23,200$22,783$21,383
3 years$16,190$15,731$15,289$14,864$14,455$13,099
4 years$12,021$11,564$11,127$10,709$10,309$9,009
5 years$9,521$9,066$8,635$8,225$7,837$6,595
6 years$7,855$7,403$6,978$6,578$6,201$5,019
7 years$6,665$6,217$5,799$5,408$5,043$3,921
8 years$5,773$5,329$4,918$4,537$4,184$3,121
9 years$5,079$4,640$4,236$3,864$3,523$2,518
10 years$4,525$4,090$3,693$3,331$3,002$2,054
11 years$4,072$3,641$3,251$2,899$2,582$1,689
12 years$3,694$3,268$2,885$2,543$2,237$1,397
13 years$3,375$2,953$2,578$2,245$1,951$1,163
14 years$3,102$2,685$2,316$1,993$1,710$971
15 years$2,865$2,452$2,091$1,777$1,506$814
16 years$2,658$2,250$1,896$1,591$1,331$684
17 years$2,476$2,072$1,725$1,430$1,180$577
18 years$2,314$1,915$1,575$1,289$1,049$487
19 years$2,169$1,775$1,442$1,164$935$412
20 years$2,039$1,649$1,323$1,054$835$349
21 years$1,922$1,536$1,217$957$748$296
22 years$1,815$1,434$1,122$870$670$251
23 years$1,718$1,341$1,036$792$601$213
24 years$1,629$1,256$958$723$541$181
25 years$1,547$1,179$887$660$486$154
26 years$1,472$1,108$823$604$438$131
27 years$1,402$1,043$764$552$395$112
28 years$1,337$983$710$506$356$95
29 years$1,277$927$661$464$322$81
30 years$1,221$876$616$426$291$69
31 years$1,169$828$574$391$263$59
32 years$1,120$783$536$360$238$50
33 years$1,075$742$500$331$215$43
34 years$1,032$703$467$304$195$36
35 years$991$667$437$280$177$31
36 years$953$633$409$258$160$26
37 years$917$601$382$238$145$23
38 years$883$571$358$219$131$19
39 years$851$543$336$202$119$16
40 years$820$517$315$186$108$14
41 years$791$492$295$172$98$12
42 years$764$468$277$159$89$10
43 years$738$446$260$146$81$9
44 years$713$425$244$135$73$7
45 years$689$406$229$125$67$6
46 years$667$387$215$115$60$5
47 years$645$369$202$107$55$5
48 years$624$353$190$98$50$4
49 years$605$337$178$91$45$3
50 years$586$322$168$84$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $600,000, adding $2,305 every year, while hoping to spend $32,133 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: 74/17/9 Blend
45$600,000$600,000$600,000$600,000
46$663,578$631,778$622,478$711,492
47$697,073$628,545$609,141$740,166
48$732,909$624,078$594,281$767,303
49$771,288$618,281$577,813$796,132
50$812,436$611,053$559,646$826,808
51$856,600$602,290$539,690$859,506
52$904,049$591,878$517,845$894,417
53$955,080$579,698$494,011$931,753
54$1,010,019$565,625$468,081$971,745
55$1,069,224$549,523$439,945$1,014,653
56$1,133,088$531,252$409,486$1,060,761
57$1,202,042$510,663$376,583$1,110,383
58$1,276,560$487,596$341,108$1,163,866
59$1,357,165$461,883$302,931$1,221,593
60$1,444,429$433,349$261,912$1,283,986
61$1,538,982$401,804$217,908$1,351,514
62$1,641,517$367,051$170,766$1,424,691
63$1,752,796$328,880$120,331$1,504,087
64$1,873,656$287,070$66,437$1,590,331
65$2,005,019$241,387$8,913$1,684,116
66$2,147,899$191,583$0$1,786,209
67$2,303,411$137,398$0$1,902,494
68$2,472,783$78,554$0$2,030,108
69$2,657,366$14,762$0$2,169,243
70$2,858,645$0$0$2,321,055
71$3,078,257$0$0$2,496,977
72$3,318,002$0$0$2,692,066
73$3,579,863$0$0$2,905,177
74$3,866,021$0$0$3,138,088
75$4,178,880$0$0$3,392,759
76$4,521,083$0$0$3,671,345
77$4,895,544$0$0$3,976,222
78$5,305,469$0$0$4,310,004
79$5,754,390$0$0$4,675,570
80$6,246,195$0$0$5,076,092
81$6,785,168$0$0$5,515,060
82$7,376,024$0$0$5,996,321
83$8,023,959$0$0$6,524,110
84$8,734,694$0$0$7,103,094
85$9,514,531$0$0$7,738,409
86$10,370,412$0$0$8,435,717
87$11,309,982$0$0$9,201,252
88$12,341,666$0$0$10,041,882
89$13,474,740$0$0$10,965,173
90$14,719,425$0$0$11,979,458
91$16,086,982$0$0$13,093,919
92$17,589,814$0$0$14,318,670
93$19,241,587$0$0$15,664,856
94$21,057,355$0$0$17,144,751
95$23,053,705$0$0$18,771,881
96$25,248,911$0$0$20,561,146
97$27,663,105$0$0$22,528,965
98$30,318,469$0$0$24,693,424
99$33,239,443$0$0$27,074,454
100$36,452,953$0$0$29,694,010