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%14.6%
1 years$57,805$57,290$56,788$56,298$55,819$54,759
2 years$28,617$28,084$27,567$27,066$26,580$25,517
3 years$18,888$18,353$17,838$17,342$16,864$15,829
4 years$14,025$13,491$12,981$12,494$12,027$11,030
5 years$11,108$10,577$10,074$9,596$9,143$8,186
6 years$9,164$8,637$8,141$7,674$7,235$6,319
7 years$7,776$7,254$6,765$6,309$5,884$5,010
8 years$6,735$6,218$5,738$5,293$4,881$4,048
9 years$5,926$5,414$4,942$4,508$4,111$3,318
10 years$5,279$4,772$4,308$3,886$3,502$2,750
11 years$4,750$4,248$3,793$3,382$3,012$2,299
12 years$4,310$3,813$3,366$2,967$2,610$1,935
13 years$3,938$3,446$3,008$2,619$2,276$1,638
14 years$3,619$3,132$2,702$2,325$1,995$1,393
15 years$3,343$2,861$2,440$2,073$1,757$1,189
16 years$3,101$2,625$2,212$1,857$1,553$1,018
17 years$2,889$2,418$2,013$1,668$1,377$874
18 years$2,700$2,234$1,837$1,503$1,224$753
19 years$2,531$2,070$1,682$1,358$1,091$649
20 years$2,379$1,924$1,544$1,230$975$560
21 years$2,242$1,792$1,420$1,117$872$485
22 years$2,117$1,673$1,309$1,015$782$420
23 years$2,004$1,565$1,208$925$702$364
24 years$1,900$1,466$1,118$843$631$316
25 years$1,805$1,376$1,035$770$568$274
26 years$1,717$1,293$960$704$511$238
27 years$1,635$1,217$891$645$461$207
28 years$1,560$1,147$829$591$416$180
29 years$1,490$1,082$771$542$376$157
30 years$1,425$1,021$718$497$339$136
31 years$1,364$966$670$456$307$119
32 years$1,307$914$625$419$278$103
33 years$1,254$865$583$386$251$90
34 years$1,203$820$545$355$227$78
35 years$1,156$778$510$327$206$68
36 years$1,112$738$477$301$187$60
37 years$1,070$701$446$277$169$52
38 years$1,030$666$418$256$153$45
39 years$993$634$391$236$139$40
40 years$957$603$367$217$126$34
41 years$923$574$344$201$114$30
42 years$891$547$323$185$104$26
43 years$861$521$303$171$94$23
44 years$832$496$284$158$86$20
45 years$804$473$267$146$78$17
46 years$778$452$251$135$70$15
47 years$753$431$236$124$64$13
48 years$728$411$221$115$58$12
49 years$705$393$208$106$53$10
50 years$683$375$196$98$48$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $700,000, adding $4,431 every year, while hoping to spend $30,412 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: 73/22/5 Blend
45$700,000$700,000$700,000$700,000
46$775,971$738,871$728,021$831,977
47$822,761$742,717$720,051$873,304
48$873,306$745,733$710,795$914,271
49$927,954$747,845$700,178$958,264
50$987,092$748,976$688,121$1,005,570
51$1,051,143$749,044$674,541$1,056,508
52$1,120,574$747,961$659,352$1,111,428
53$1,195,897$745,635$642,464$1,170,716
54$1,277,674$741,967$623,783$1,234,797
55$1,366,527$736,853$603,210$1,304,142
56$1,463,136$730,183$580,640$1,379,268
57$1,568,252$721,837$555,968$1,460,746
58$1,682,699$711,693$529,079$1,549,205
59$1,807,387$699,619$499,855$1,645,339
60$1,943,314$685,474$468,174$1,749,914
61$2,091,580$669,110$433,906$1,863,773
62$2,253,395$650,371$396,916$1,987,848
63$2,430,093$629,090$357,064$2,123,165
64$2,623,140$605,093$314,203$2,270,856
65$2,834,151$578,193$268,179$2,432,170
66$3,064,903$548,194$218,832$2,608,482
67$3,317,355$514,887$165,995$2,801,312
68$3,593,662$478,052$109,492$3,012,334
69$3,896,196$437,458$49,141$3,243,394
70$4,227,573$392,859$0$3,496,529
71$4,590,670$343,993$0$3,774,798
72$4,988,658$290,588$0$4,082,713
73$5,425,027$232,353$0$4,420,393
74$5,903,622$168,981$0$4,790,860
75$6,428,680$100,149$0$5,197,445
76$7,004,864$25,515$0$5,643,824
77$7,637,313$0$0$6,134,047
78$8,331,688$0$0$6,685,961
79$9,094,224$0$0$7,298,869
80$9,931,788$0$0$7,972,118
81$10,851,947$0$0$8,711,795
82$11,863,036$0$0$9,524,604
83$12,974,239$0$0$10,417,932
84$14,195,671$0$0$11,399,916
85$15,538,479$0$0$12,479,523
86$17,014,940$0$0$13,666,630
87$18,638,584$0$0$14,972,118
88$20,424,315$0$0$16,407,978
89$22,388,556$0$0$17,987,421
90$24,549,399$0$0$19,724,999
91$26,926,781$0$0$21,636,751
92$29,542,665$0$0$23,740,346
93$32,421,255$0$0$26,055,251
94$35,589,216$0$0$28,602,919
95$39,075,930$0$0$31,406,985
96$42,913,772$0$0$34,493,492
97$47,138,415$0$0$37,891,138
98$51,789,167$0$0$41,631,541
99$56,909,337$0$0$45,749,545
100$62,546,652$0$0$50,283,539