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%11.2%
1 years$51,612$51,152$50,704$50,266$49,838$49,587
2 years$25,550$25,075$24,613$24,166$23,733$23,479
3 years$16,864$16,387$15,927$15,484$15,057$14,808
4 years$12,522$12,046$11,590$11,155$10,739$10,498
5 years$9,918$9,444$8,995$8,568$8,163$7,931
6 years$8,182$7,712$7,269$6,852$6,459$6,235
7 years$6,942$6,476$6,041$5,633$5,253$5,037
8 years$6,013$5,551$5,123$4,726$4,358$4,151
9 years$5,291$4,834$4,412$4,025$3,670$3,471
10 years$4,714$4,261$3,847$3,470$3,127$2,937
11 years$4,241$3,793$3,387$3,020$2,689$2,508
12 years$3,848$3,404$3,006$2,649$2,331$2,157
13 years$3,516$3,076$2,685$2,338$2,032$1,867
14 years$3,231$2,796$2,413$2,076$1,782$1,624
15 years$2,984$2,555$2,178$1,851$1,569$1,418
16 years$2,769$2,344$1,975$1,658$1,386$1,244
17 years$2,579$2,159$1,797$1,489$1,229$1,094
18 years$2,410$1,995$1,641$1,342$1,093$964
19 years$2,260$1,849$1,502$1,213$974$852
20 years$2,124$1,718$1,378$1,098$870$755
21 years$2,002$1,600$1,268$997$779$670
22 years$1,891$1,494$1,168$906$698$595
23 years$1,789$1,397$1,079$825$627$529
24 years$1,697$1,309$998$753$563$471
25 years$1,611$1,228$924$688$507$420
26 years$1,533$1,154$857$629$456$375
27 years$1,460$1,086$796$575$412$335
28 years$1,393$1,024$740$527$371$300
29 years$1,330$966$689$483$335$268
30 years$1,272$912$641$444$303$240
31 years$1,218$862$598$408$274$215
32 years$1,167$816$558$375$248$192
33 years$1,119$773$521$344$224$172
34 years$1,074$732$487$317$203$155
35 years$1,032$695$455$292$184$139
36 years$993$659$426$269$167$124
37 years$955$626$398$248$151$112
38 years$920$595$373$228$137$100
39 years$886$566$350$210$124$90
40 years$854$538$328$194$113$81
41 years$824$512$307$179$102$72
42 years$796$488$288$165$93$65
43 years$768$465$270$153$84$58
44 years$743$443$254$141$76$52
45 years$718$423$238$130$69$47
46 years$694$403$224$120$63$42
47 years$672$385$210$111$57$38
48 years$650$367$198$103$52$34
49 years$630$351$186$95$47$31
50 years$610$335$175$88$43$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $625,000, adding $5,030 every year, while hoping to spend $46,161 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: 64/22/14 Blend
45$625,000$625,000$625,000$625,000
46$693,938$660,813$651,126$735,716
47$715,605$644,078$623,824$747,570
48$737,935$624,976$594,060$754,728
49$760,946$603,342$561,703$761,412
50$784,659$579,002$526,616$767,575
51$809,092$551,771$488,655$773,167
52$834,266$521,454$447,672$778,137
53$860,201$487,845$403,509$782,428
54$886,918$450,726$356,003$785,982
55$914,437$409,866$304,983$788,734
56$942,781$365,020$250,271$790,619
57$971,971$315,932$191,681$791,565
58$1,002,028$262,329$129,019$791,497
59$1,032,976$203,924$62,081$790,335
60$1,064,835$140,412$0$787,994
61$1,097,628$71,472$0$785,781
62$1,131,378$0$0$792,191
63$1,166,107$0$0$798,656
64$1,201,836$0$0$823,107
65$1,238,590$0$0$848,256
66$1,276,388$0$0$874,117
67$1,315,253$0$0$900,706
68$1,355,205$0$0$928,035
69$1,396,265$0$0$956,119
70$1,438,452$0$0$984,971
71$1,481,785$0$0$1,014,602
72$1,526,281$0$0$1,045,025
73$1,571,956$0$0$1,076,248
74$1,618,825$0$0$1,108,283
75$1,666,900$0$0$1,141,136
76$1,716,193$0$0$1,174,814
77$1,766,709$0$0$1,209,322
78$1,818,456$0$0$1,244,662
79$1,871,435$0$0$1,280,834
80$1,925,643$0$0$1,317,836
81$1,981,075$0$0$1,355,662
82$2,037,721$0$0$1,394,304
83$2,095,563$0$0$1,433,749
84$2,154,581$0$0$1,473,980
85$2,214,744$0$0$1,514,976
86$2,276,016$0$0$1,556,708
87$2,338,351$0$0$1,599,144
88$2,401,696$0$0$1,642,243
89$2,465,985$0$0$1,685,958
90$2,531,139$0$0$1,730,233
91$2,597,068$0$0$1,775,001
92$2,663,666$0$0$1,820,186
93$2,730,810$0$0$1,865,701
94$2,798,360$0$0$1,911,444
95$2,866,154$0$0$1,957,298
96$2,934,007$0$0$2,003,133
97$3,001,709$0$0$2,048,798
98$3,069,023$0$0$2,094,124
99$3,135,679$0$0$2,138,917
100$3,201,372$0$0$2,182,962