Can I retire at age 46 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$57,805$57,290$56,788$56,298$55,819$55,030
2 years$28,617$28,084$27,567$27,066$26,580$25,787
3 years$18,888$18,353$17,838$17,342$16,864$16,091
4 years$14,025$13,491$12,981$12,494$12,027$11,281
5 years$11,108$10,577$10,074$9,596$9,143$8,425
6 years$9,164$8,637$8,141$7,674$7,235$6,546
7 years$7,776$7,254$6,765$6,309$5,884$5,224
8 years$6,735$6,218$5,738$5,293$4,881$4,251
9 years$5,926$5,414$4,942$4,508$4,111$3,510
10 years$5,279$4,772$4,308$3,886$3,502$2,930
11 years$4,750$4,248$3,793$3,382$3,012$2,468
12 years$4,310$3,813$3,366$2,967$2,610$2,094
13 years$3,938$3,446$3,008$2,619$2,276$1,786
14 years$3,619$3,132$2,702$2,325$1,995$1,531
15 years$3,343$2,861$2,440$2,073$1,757$1,318
16 years$3,101$2,625$2,212$1,857$1,553$1,138
17 years$2,889$2,418$2,013$1,668$1,377$986
18 years$2,700$2,234$1,837$1,503$1,224$856
19 years$2,531$2,070$1,682$1,358$1,091$744
20 years$2,379$1,924$1,544$1,230$975$649
21 years$2,242$1,792$1,420$1,117$872$566
22 years$2,117$1,673$1,309$1,015$782$495
23 years$2,004$1,565$1,208$925$702$433
24 years$1,900$1,466$1,118$843$631$379
25 years$1,805$1,376$1,035$770$568$332
26 years$1,717$1,293$960$704$511$291
27 years$1,635$1,217$891$645$461$256
28 years$1,560$1,147$829$591$416$225
29 years$1,490$1,082$771$542$376$197
30 years$1,425$1,021$718$497$339$174
31 years$1,364$966$670$456$307$153
32 years$1,307$914$625$419$278$134
33 years$1,254$865$583$386$251$118
34 years$1,203$820$545$355$227$104
35 years$1,156$778$510$327$206$92
36 years$1,112$738$477$301$187$81
37 years$1,070$701$446$277$169$71
38 years$1,030$666$418$256$153$63
39 years$993$634$391$236$139$55
40 years$957$603$367$217$126$49
41 years$923$574$344$201$114$43
42 years$891$547$323$185$104$38
43 years$861$521$303$171$94$33
44 years$832$496$284$158$86$29
45 years$804$473$267$146$78$26
46 years$778$452$251$135$70$23
47 years$753$431$236$124$64$20
48 years$728$411$221$115$58$18
49 years$705$393$208$106$53$16
50 years$683$375$196$98$48$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $700,000, adding $5,122 every year, while hoping to spend $57,213 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: 45/27/28 Blend
45$700,000$700,000$700,000$700,000
46$776,683$739,583$728,733$805,148
47$795,031$714,949$692,272$801,251
48$813,332$687,190$652,671$791,136
49$831,523$656,092$609,766$779,068
50$849,528$621,431$563,383$764,898
51$867,265$582,966$513,342$748,463
52$884,641$540,447$459,454$729,591
53$901,550$493,604$401,521$708,098
54$917,874$442,156$339,338$683,785
55$933,481$385,806$272,689$656,440
56$948,222$324,236$201,350$625,836
57$961,931$257,114$125,086$591,729
58$974,424$184,089$43,653$553,855
59$985,495$104,789$0$511,934
60$994,912$18,820$0$478,585
61$1,002,420$0$0$455,320
62$1,007,734$0$0$450,871
63$1,010,536$0$0$450,722
64$1,010,475$0$0$449,104
65$1,007,159$0$0$445,821
66$1,000,153$0$0$440,658
67$988,976$0$0$433,373
68$973,094$0$0$423,699
69$951,913$0$0$411,342
70$924,779$0$0$395,973
71$890,963$0$0$377,232
72$849,662$0$0$354,716
73$799,984$0$0$327,982
74$740,945$0$0$296,539
75$671,453$0$0$259,845
76$590,303$0$0$217,299
77$496,163$0$0$168,239
78$387,558$0$0$111,931
79$262,861$0$0$47,565
80$120,271$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0