Can I retire at age 46 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$54,502$54,017$53,543$53,081$52,629$51,630
2 years$26,981$26,479$25,992$25,520$25,062$24,059
3 years$17,809$17,304$16,818$16,351$15,900$14,925
4 years$13,224$12,720$12,239$11,780$11,340$10,400
5 years$10,473$9,973$9,498$9,048$8,621$7,718
6 years$8,640$8,144$7,676$7,236$6,821$5,958
7 years$7,331$6,839$6,379$5,949$5,547$4,723
8 years$6,350$5,862$5,410$4,990$4,602$3,817
9 years$5,587$5,104$4,659$4,251$3,876$3,129
10 years$4,977$4,499$4,062$3,664$3,302$2,593
11 years$4,479$4,005$3,576$3,189$2,840$2,168
12 years$4,064$3,595$3,174$2,797$2,461$1,825
13 years$3,713$3,249$2,836$2,469$2,146$1,545
14 years$3,412$2,953$2,548$2,192$1,881$1,314
15 years$3,152$2,698$2,300$1,955$1,656$1,121
16 years$2,924$2,475$2,086$1,750$1,464$960
17 years$2,723$2,279$1,898$1,573$1,298$825
18 years$2,545$2,106$1,732$1,417$1,154$710
19 years$2,386$1,952$1,586$1,281$1,029$612
20 years$2,243$1,814$1,456$1,160$919$528
21 years$2,114$1,690$1,339$1,053$822$457
22 years$1,996$1,577$1,234$957$737$396
23 years$1,889$1,475$1,139$872$662$343
24 years$1,792$1,382$1,054$795$595$298
25 years$1,702$1,297$976$726$535$258
26 years$1,619$1,219$905$664$482$224
27 years$1,542$1,147$840$608$435$195
28 years$1,471$1,081$781$557$392$170
29 years$1,405$1,020$727$511$354$148
30 years$1,343$963$677$469$320$129
31 years$1,286$910$631$430$289$112
32 years$1,232$861$589$395$262$97
33 years$1,182$816$550$364$237$85
34 years$1,135$773$514$335$214$74
35 years$1,090$733$480$308$194$64
36 years$1,048$696$449$284$176$56
37 years$1,009$661$421$261$159$49
38 years$971$628$394$241$145$43
39 years$936$597$369$222$131$37
40 years$902$568$346$205$119$32
41 years$871$541$324$189$108$28
42 years$840$515$304$174$98$25
43 years$812$491$286$161$89$22
44 years$784$468$268$149$81$19
45 years$758$446$252$137$73$16
46 years$733$426$236$127$66$14
47 years$710$406$222$117$60$12
48 years$687$388$209$108$55$11
49 years$665$370$196$100$50$10
50 years$644$354$184$93$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $660,000, adding $2,397 every year, while hoping to spend $42,992 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: 46/44/10 Blend
45$660,000$660,000$660,000$660,000
46$729,793$694,813$684,583$761,218
47$758,488$683,115$661,773$771,471
48$788,670$669,404$636,758$777,961
49$820,444$653,534$609,419$784,024
50$853,926$635,354$579,631$789,637
51$889,241$614,701$547,264$794,775
52$926,528$591,406$512,181$799,415
53$965,935$565,286$474,241$803,535
54$1,007,626$536,150$433,293$807,115
55$1,051,779$503,797$389,184$810,134
56$1,098,589$468,012$341,750$812,576
57$1,148,269$428,568$290,823$814,428
58$1,201,052$385,227$236,225$815,678
59$1,257,191$337,736$177,770$816,320
60$1,316,966$285,826$115,267$816,353
61$1,380,682$229,217$48,514$815,779
62$1,448,673$167,610$0$814,609
63$1,521,304$100,689$0$815,285
64$1,598,977$28,123$0$821,091
65$1,682,131$0$0$826,904
66$1,771,248$0$0$857,222
67$1,866,859$0$0$904,408
68$1,969,542$0$0$955,139
69$2,079,935$0$0$1,009,737
70$2,198,737$0$0$1,068,554
71$2,326,717$0$0$1,131,980
72$2,464,718$0$0$1,200,440
73$2,613,665$0$0$1,274,402
74$2,774,579$0$0$1,354,380
75$2,948,576$0$0$1,440,942
76$3,136,888$0$0$1,534,707
77$3,340,865$0$0$1,636,361
78$3,561,994$0$0$1,746,655
79$3,801,910$0$0$1,866,414
80$4,062,410$0$0$1,996,550
81$4,345,471$0$0$2,138,063
82$4,653,269$0$0$2,292,052
83$4,988,195$0$0$2,459,729
84$5,352,883$0$0$2,642,427
85$5,750,230$0$0$2,841,611
86$6,183,423$0$0$3,058,897
87$6,655,973$0$0$3,296,061
88$7,171,741$0$0$3,555,057
89$7,734,978$0$0$3,838,039
90$8,350,364$0$0$4,147,377
91$9,023,052$0$0$4,485,680
92$9,758,714$0$0$4,855,821
93$10,563,596$0$0$5,260,963
94$11,444,575$0$0$5,704,590
95$12,409,224$0$0$6,190,537
96$13,465,881$0$0$6,723,030
97$14,623,732$0$0$7,306,720
98$15,892,890$0$0$7,946,732
99$17,284,495$0$0$8,648,709
100$18,810,815$0$0$9,418,867