Can I retire at age 46 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$55,328$54,835$54,354$53,885$53,427$51,511
2 years$27,390$26,880$26,386$25,906$25,441$23,532
3 years$18,079$17,566$17,073$16,598$16,141$14,298
4 years$13,424$12,913$12,425$11,958$11,512$9,749
5 years$10,632$10,124$9,642$9,185$8,751$7,073
6 years$8,771$8,267$7,792$7,345$6,924$5,333
7 years$7,442$6,943$6,476$6,039$5,631$4,126
8 years$6,446$5,951$5,492$5,066$4,672$3,251
9 years$5,672$5,182$4,730$4,315$3,934$2,597
10 years$5,053$4,567$4,124$3,720$3,352$2,095
11 years$4,547$4,066$3,630$3,237$2,883$1,704
12 years$4,125$3,649$3,222$2,839$2,498$1,394
13 years$3,769$3,298$2,879$2,507$2,179$1,146
14 years$3,464$2,998$2,586$2,225$1,910$946
15 years$3,199$2,739$2,335$1,985$1,682$784
16 years$2,968$2,513$2,117$1,777$1,486$651
17 years$2,765$2,314$1,927$1,597$1,318$542
18 years$2,584$2,138$1,759$1,439$1,172$452
19 years$2,422$1,982$1,610$1,300$1,044$377
20 years$2,277$1,841$1,478$1,178$933$315
21 years$2,146$1,715$1,359$1,069$835$264
22 years$2,027$1,601$1,253$972$748$221
23 years$1,918$1,497$1,157$885$672$185
24 years$1,819$1,403$1,070$807$604$155
25 years$1,727$1,317$991$737$543$130
26 years$1,643$1,237$919$674$489$109
27 years$1,565$1,165$853$617$441$92
28 years$1,493$1,097$793$565$398$77
29 years$1,426$1,035$738$518$359$65
30 years$1,364$978$688$476$325$54
31 years$1,306$924$641$437$294$46
32 years$1,251$875$598$401$266$38
33 years$1,200$828$558$369$240$32
34 years$1,152$785$522$340$218$27
35 years$1,107$745$488$313$197$23
36 years$1,064$707$456$288$179$19
37 years$1,024$671$427$265$162$16
38 years$986$638$400$245$147$14
39 years$950$607$375$226$133$11
40 years$916$577$351$208$121$10
41 years$884$549$329$192$110$8
42 years$853$523$309$177$99$7
43 years$824$498$290$163$90$6
44 years$796$475$272$151$82$5
45 years$770$453$255$139$74$4
46 years$744$432$240$129$67$3
47 years$720$412$225$119$61$3
48 years$697$394$212$110$56$2
49 years$675$376$199$102$51$2
50 years$654$359$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $670,000, adding $2,043 every year, while hoping to spend $29,614 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: 64/15/21 Blend
45$670,000$670,000$670,000$670,000
46$740,447$704,937$694,552$783,719
47$784,464$707,970$686,311$816,129
48$831,978$710,159$676,801$847,999
49$883,314$711,432$665,948$882,132
50$938,831$711,710$653,676$918,751
51$998,920$710,913$639,903$958,104
52$1,064,016$708,954$624,546$1,000,462
53$1,134,592$705,739$607,514$1,046,129
54$1,211,172$701,171$588,717$1,095,435
55$1,294,329$695,146$568,057$1,148,751
56$1,384,696$687,554$545,433$1,206,482
57$1,482,969$678,278$520,739$1,269,077
58$1,589,912$667,194$493,864$1,337,033
59$1,706,367$654,171$464,692$1,410,897
60$1,833,261$639,069$433,103$1,491,275
61$1,971,612$621,743$398,971$1,578,836
62$2,122,543$602,035$362,163$1,674,317
63$2,287,289$579,780$322,542$1,778,533
64$2,467,208$554,805$279,963$1,892,386
65$2,663,798$526,925$234,276$2,016,868
66$2,878,705$495,944$185,324$2,153,076
67$3,113,743$461,656$132,942$2,302,223
68$3,370,910$423,842$76,961$2,465,645
69$3,652,404$382,271$17,200$2,644,817
70$3,960,646$336,700$0$2,841,369
71$4,298,304$286,870$0$3,067,536
72$4,668,314$232,510$0$3,319,655
73$5,073,910$173,330$0$3,596,106
74$5,518,653$109,028$0$3,899,351
75$6,006,467$39,281$0$4,232,107
76$6,541,672$0$0$4,597,367
77$7,129,029$0$0$5,004,416
78$7,773,780$0$0$5,458,404
79$8,481,699$0$0$5,956,920
80$9,259,149$0$0$6,504,450
81$10,113,136$0$0$7,105,936
82$11,051,381$0$0$7,766,822
83$12,082,387$0$0$8,493,104
84$13,215,526$0$0$9,291,391
85$14,461,117$0$0$10,168,960
86$15,830,534$0$0$11,133,831
87$17,336,304$0$0$12,194,840
88$18,992,231$0$0$13,361,721
89$20,813,522$0$0$14,645,198
90$22,816,934$0$0$16,057,089
91$25,020,928$0$0$17,610,411
92$27,445,844$0$0$19,319,511
93$30,114,094$0$0$21,200,193
94$33,050,372$0$0$23,269,873
95$36,281,886$0$0$25,547,739
96$39,838,617$0$0$28,054,934
97$43,753,597$0$0$30,814,754
98$48,063,226$0$0$33,852,870
99$52,807,610$0$0$37,197,566
100$58,030,943$0$0$40,880,011