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%17.9%
1 years$51,612$51,152$50,704$50,266$49,838$48,243
2 years$25,550$25,075$24,613$24,166$23,733$22,140
3 years$16,864$16,387$15,927$15,484$15,057$13,517
4 years$12,522$12,046$11,590$11,155$10,739$9,263
5 years$9,918$9,444$8,995$8,568$8,163$6,757
6 years$8,182$7,712$7,269$6,852$6,459$5,122
7 years$6,942$6,476$6,041$5,633$5,253$3,986
8 years$6,013$5,551$5,123$4,726$4,358$3,159
9 years$5,291$4,834$4,412$4,025$3,670$2,539
10 years$4,714$4,261$3,847$3,470$3,127$2,061
11 years$4,241$3,793$3,387$3,020$2,689$1,687
12 years$3,848$3,404$3,006$2,649$2,331$1,390
13 years$3,516$3,076$2,685$2,338$2,032$1,151
14 years$3,231$2,796$2,413$2,076$1,782$957
15 years$2,984$2,555$2,178$1,851$1,569$798
16 years$2,769$2,344$1,975$1,658$1,386$667
17 years$2,579$2,159$1,797$1,489$1,229$560
18 years$2,410$1,995$1,641$1,342$1,093$470
19 years$2,260$1,849$1,502$1,213$974$395
20 years$2,124$1,718$1,378$1,098$870$333
21 years$2,002$1,600$1,268$997$779$281
22 years$1,891$1,494$1,168$906$698$237
23 years$1,789$1,397$1,079$825$627$200
24 years$1,697$1,309$998$753$563$169
25 years$1,611$1,228$924$688$507$143
26 years$1,533$1,154$857$629$456$121
27 years$1,460$1,086$796$575$412$102
28 years$1,393$1,024$740$527$371$87
29 years$1,330$966$689$483$335$73
30 years$1,272$912$641$444$303$62
31 years$1,218$862$598$408$274$53
32 years$1,167$816$558$375$248$45
33 years$1,119$773$521$344$224$38
34 years$1,074$732$487$317$203$32
35 years$1,032$695$455$292$184$27
36 years$993$659$426$269$167$23
37 years$955$626$398$248$151$20
38 years$920$595$373$228$137$17
39 years$886$566$350$210$124$14
40 years$854$538$328$194$113$12
41 years$824$512$307$179$102$10
42 years$796$488$288$165$93$9
43 years$768$465$270$153$84$7
44 years$743$443$254$141$76$6
45 years$718$423$238$130$69$5
46 years$694$403$224$120$63$4
47 years$672$385$210$111$57$4
48 years$650$367$198$103$52$3
49 years$630$351$186$95$47$3
50 years$610$335$175$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $625,000, adding $4,182 every year, while hoping to spend $41,723 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: 35/40/25 Blend
45$625,000$625,000$625,000$625,000
46$693,064$659,939$650,251$711,959
47$719,363$647,883$627,642$714,304
48$746,947$633,838$602,876$712,740
49$775,902$617,662$575,839$710,226
50$806,322$599,206$546,408$706,706
51$838,311$578,311$514,456$702,118
52$871,979$554,808$479,851$696,402
53$907,449$528,522$442,454$689,494
54$944,852$499,262$402,119$681,329
55$984,332$466,832$358,696$671,841
56$1,026,048$431,021$312,026$660,959
57$1,070,170$391,606$261,944$648,616
58$1,116,885$348,352$208,277$634,741
59$1,166,399$301,013$150,846$619,261
60$1,218,934$249,325$89,462$602,105
61$1,274,735$193,011$23,928$583,199
62$1,334,068$131,780$0$562,471
63$1,397,228$65,321$0$552,123
64$1,464,532$0$0$547,419
65$1,536,333$0$0$544,905
66$1,613,013$0$0$572,979
67$1,694,994$0$0$603,051
68$1,782,736$0$0$635,296
69$1,876,746$0$0$669,908
70$1,977,579$0$0$707,099
71$2,085,843$0$0$747,104
72$2,202,206$0$0$790,177
73$2,327,402$0$0$836,600
74$2,462,236$0$0$886,681
75$2,607,592$0$0$940,760
76$2,764,442$0$0$999,210
77$2,933,853$0$0$1,062,440
78$3,116,999$0$0$1,130,902
79$3,315,168$0$0$1,205,089
80$3,529,777$0$0$1,285,546
81$3,762,386$0$0$1,372,873
82$4,014,706$0$0$1,467,727
83$4,288,623$0$0$1,570,833
84$4,586,208$0$0$1,682,988
85$4,909,742$0$0$1,805,069
86$5,261,732$0$0$1,938,040
87$5,644,937$0$0$2,082,963
88$6,062,395$0$0$2,241,006
89$6,517,445$0$0$2,413,455
90$7,013,767$0$0$2,601,726
91$7,555,407$0$0$2,807,377
92$8,146,821$0$0$3,032,123
93$8,792,913$0$0$3,277,852
94$9,499,083$0$0$3,546,644
95$10,271,274$0$0$3,840,789
96$11,116,033$0$0$4,162,805
97$12,040,565$0$0$4,515,471
98$13,052,807$0$0$4,901,842
99$14,161,496$0$0$5,325,286
100$15,376,257$0$0$5,789,510