Can I retire at age 46 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$51,612$51,152$50,704$50,266$49,838$48,832
2 years$25,550$25,075$24,613$24,166$23,733$22,723
3 years$16,864$16,387$15,927$15,484$15,057$14,076
4 years$12,522$12,046$11,590$11,155$10,739$9,794
5 years$9,918$9,444$8,995$8,568$8,163$7,257
6 years$8,182$7,712$7,269$6,852$6,459$5,593
7 years$6,942$6,476$6,041$5,633$5,253$4,426
8 years$6,013$5,551$5,123$4,726$4,358$3,570
9 years$5,291$4,834$4,412$4,025$3,670$2,922
10 years$4,714$4,261$3,847$3,470$3,127$2,417
11 years$4,241$3,793$3,387$3,020$2,689$2,017
12 years$3,848$3,404$3,006$2,649$2,331$1,694
13 years$3,516$3,076$2,685$2,338$2,032$1,431
14 years$3,231$2,796$2,413$2,076$1,782$1,215
15 years$2,984$2,555$2,178$1,851$1,569$1,035
16 years$2,769$2,344$1,975$1,658$1,386$884
17 years$2,579$2,159$1,797$1,489$1,229$758
18 years$2,410$1,995$1,641$1,342$1,093$651
19 years$2,260$1,849$1,502$1,213$974$560
20 years$2,124$1,718$1,378$1,098$870$482
21 years$2,002$1,600$1,268$997$779$416
22 years$1,891$1,494$1,168$906$698$360
23 years$1,789$1,397$1,079$825$627$311
24 years$1,697$1,309$998$753$563$269
25 years$1,611$1,228$924$688$507$233
26 years$1,533$1,154$857$629$456$202
27 years$1,460$1,086$796$575$412$175
28 years$1,393$1,024$740$527$371$152
29 years$1,330$966$689$483$335$132
30 years$1,272$912$641$444$303$115
31 years$1,218$862$598$408$274$100
32 years$1,167$816$558$375$248$86
33 years$1,119$773$521$344$224$75
34 years$1,074$732$487$317$203$65
35 years$1,032$695$455$292$184$57
36 years$993$659$426$269$167$49
37 years$955$626$398$248$151$43
38 years$920$595$373$228$137$37
39 years$886$566$350$210$124$32
40 years$854$538$328$194$113$28
41 years$824$512$307$179$102$25
42 years$796$488$288$165$93$21
43 years$768$465$270$153$84$19
44 years$743$443$254$141$76$16
45 years$718$423$238$130$69$14
46 years$694$403$224$120$63$12
47 years$672$385$210$111$57$11
48 years$650$367$198$103$52$9
49 years$630$351$186$95$47$8
50 years$610$335$175$88$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $625,000, adding $2,663 every year, while hoping to spend $44,654 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: 51/32/17 Blend
45$625,000$625,000$625,000$625,000
46$691,497$658,372$648,684$723,406
47$714,518$643,121$622,904$730,384
48$738,391$625,625$594,763$733,094
49$763,155$605,729$564,136$735,065
50$788,852$583,266$530,890$736,243
51$815,528$558,059$494,888$736,569
52$843,231$529,923$455,986$735,984
53$872,012$498,660$414,032$734,422
54$901,926$464,063$368,871$731,818
55$933,031$425,911$320,337$728,103
56$965,392$383,972$268,260$723,203
57$999,074$337,999$212,459$717,042
58$1,034,151$287,733$152,748$709,542
59$1,070,701$232,898$88,931$700,619
60$1,108,808$173,205$20,806$690,188
61$1,148,562$108,348$0$678,160
62$1,190,060$38,002$0$673,855
63$1,233,408$0$0$672,402
64$1,278,720$0$0$683,410
65$1,326,117$0$0$708,938
66$1,375,734$0$0$735,678
67$1,427,713$0$0$763,710
68$1,482,212$0$0$793,120
69$1,539,399$0$0$824,003
70$1,599,458$0$0$856,461
71$1,662,588$0$0$890,604
72$1,729,008$0$0$926,553
73$1,798,953$0$0$964,440
74$1,872,680$0$0$1,004,408
75$1,950,469$0$0$1,046,613
76$2,032,627$0$0$1,091,225
77$2,119,486$0$0$1,138,430
78$2,211,410$0$0$1,188,431
79$2,308,795$0$0$1,241,450
80$2,412,076$0$0$1,297,727
81$2,521,728$0$0$1,357,529
82$2,638,267$0$0$1,421,145
83$2,762,262$0$0$1,488,892
84$2,894,334$0$0$1,561,117
85$3,035,163$0$0$1,638,201
86$3,185,492$0$0$1,720,559
87$3,346,139$0$0$1,808,648
88$3,517,996$0$0$1,902,969
89$3,702,046$0$0$2,004,071
90$3,899,363$0$0$2,112,556
91$4,111,127$0$0$2,229,084
92$4,338,633$0$0$2,354,381
93$4,583,302$0$0$2,489,244
94$4,846,694$0$0$2,634,545
95$5,130,523$0$0$2,791,247
96$5,436,671$0$0$2,960,403
97$5,767,205$0$0$3,143,174
98$6,124,397$0$0$3,340,833
99$6,510,744$0$0$3,554,780
100$6,928,992$0$0$3,786,555