Can I retire at age 46 with 650,000?

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 $650,000?

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$53,676$53,198$52,732$52,276$51,832$51,570
2 years$26,572$26,078$25,598$25,133$24,682$24,418
3 years$17,539$17,042$16,564$16,103$15,659$15,401
4 years$13,023$12,528$12,054$11,601$11,168$10,918
5 years$10,314$9,822$9,354$8,911$8,490$8,248
6 years$8,509$8,020$7,560$7,126$6,718$6,484
7 years$7,220$6,735$6,282$5,859$5,463$5,239
8 years$6,254$5,773$5,328$4,915$4,532$4,317
9 years$5,503$5,027$4,589$4,186$3,817$3,610
10 years$4,902$4,431$4,001$3,609$3,252$3,054
11 years$4,411$3,945$3,522$3,141$2,797$2,608
12 years$4,002$3,540$3,126$2,755$2,424$2,243
13 years$3,656$3,200$2,793$2,432$2,114$1,941
14 years$3,360$2,908$2,509$2,159$1,853$1,689
15 years$3,104$2,657$2,266$1,925$1,631$1,475
16 years$2,880$2,438$2,054$1,724$1,442$1,293
17 years$2,682$2,245$1,869$1,549$1,278$1,137
18 years$2,507$2,074$1,706$1,396$1,137$1,003
19 years$2,350$1,923$1,562$1,261$1,013$886
20 years$2,209$1,786$1,433$1,142$905$785
21 years$2,082$1,664$1,319$1,037$810$696
22 years$1,966$1,553$1,215$943$726$619
23 years$1,861$1,453$1,122$858$652$550
24 years$1,764$1,361$1,038$783$586$490
25 years$1,676$1,277$961$715$527$437
26 years$1,594$1,201$891$654$475$390
27 years$1,519$1,130$828$598$428$349
28 years$1,449$1,065$769$548$386$312
29 years$1,384$1,004$716$503$349$279
30 years$1,323$949$667$461$315$249
31 years$1,267$897$622$424$285$223
32 years$1,214$848$580$390$258$200
33 years$1,164$803$542$358$233$179
34 years$1,117$762$506$330$211$161
35 years$1,074$722$473$303$191$144
36 years$1,032$686$443$279$173$129
37 years$993$651$414$257$157$116
38 years$957$619$388$237$142$104
39 years$922$588$364$219$129$93
40 years$889$560$341$202$117$84
41 years$857$533$319$186$106$75
42 years$828$508$300$172$96$68
43 years$799$484$281$159$87$61
44 years$772$461$264$146$79$55
45 years$747$440$248$135$72$49
46 years$722$419$233$125$65$44
47 years$699$400$219$115$59$40
48 years$676$382$206$107$54$36
49 years$655$365$193$99$49$32
50 years$635$348$182$91$45$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $650,000, adding $3,103 every year, while hoping to spend $25,303 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: 56/37/7 Blend
45$650,000$650,000$650,000$650,000
46$719,501$685,051$674,976$758,490
47$765,968$691,696$670,665$791,770
48$816,326$697,819$665,362$824,906
49$870,946$703,367$659,007$860,375
50$930,236$708,285$651,536$898,402
51$994,641$712,513$642,885$939,235
52$1,064,657$715,988$632,983$983,150
53$1,140,823$718,643$621,760$1,030,449
54$1,223,737$720,406$609,139$1,081,468
55$1,314,055$721,202$595,041$1,136,575
56$1,412,498$720,951$579,385$1,196,181
57$1,519,861$719,566$562,083$1,260,735
58$1,637,019$716,957$543,044$1,330,735
59$1,764,935$713,027$522,176$1,406,731
60$1,904,667$707,674$499,377$1,489,331
61$2,057,382$700,789$474,546$1,579,205
62$2,224,366$692,259$447,574$1,677,093
63$2,407,031$681,959$418,347$1,783,812
64$2,606,935$669,762$386,749$1,900,265
65$2,825,793$655,531$352,656$2,027,448
66$3,065,492$639,120$315,938$2,166,461
67$3,328,112$620,377$276,461$2,318,516
68$3,615,942$599,138$234,085$2,484,955
69$3,931,504$575,232$188,663$2,667,256
70$4,277,576$548,476$140,042$2,867,052
71$4,657,216$518,679$88,061$3,086,144
72$5,073,794$485,637$32,553$3,326,521
73$5,531,022$449,134$0$3,590,377
74$6,032,988$408,943$0$3,882,127
75$6,584,195$364,823$0$4,205,174
76$7,189,604$316,521$0$4,560,047
77$7,854,680$263,767$0$4,950,015
78$8,585,444$206,278$0$5,378,682
79$9,388,528$143,754$0$5,850,025
80$10,271,238$75,878$0$6,368,431
81$11,241,625$2,317$0$6,938,737
82$12,308,557$0$0$7,566,279
83$13,481,805$0$0$8,288,409
84$14,772,134$0$0$9,083,705
85$16,191,405$0$0$9,958,543
86$17,752,686$0$0$10,920,986
87$19,470,375$0$0$11,979,917
88$21,360,336$0$0$13,145,128
89$23,440,049$0$0$14,427,402
90$25,728,772$0$0$15,838,624
91$28,247,727$0$0$17,391,890
92$31,020,296$0$0$19,101,627
93$34,072,243$0$0$20,983,733
94$37,431,957$0$0$23,055,727
95$41,130,719$0$0$25,336,912
96$45,202,996$0$0$27,848,557
97$49,686,769$0$0$30,614,099
98$54,623,889$0$0$33,659,364
99$60,060,471$0$0$37,012,808
100$66,047,330$0$0$40,705,789