Can I retire at age 46 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$58,631$58,109$57,599$57,102$56,616$54,392
2 years$29,025$28,485$27,961$27,453$26,960$24,746
3 years$19,158$18,615$18,093$17,589$17,105$14,971
4 years$14,225$13,684$13,167$12,672$12,199$10,162
5 years$11,266$10,728$10,218$9,733$9,274$7,338
6 years$9,295$8,761$8,258$7,784$7,338$5,505
7 years$7,887$7,357$6,862$6,400$5,968$4,237
8 years$6,831$6,306$5,820$5,368$4,951$3,321
9 years$6,011$5,491$5,012$4,573$4,169$2,638
10 years$5,355$4,840$4,370$3,942$3,552$2,116
11 years$4,818$4,309$3,847$3,430$3,055$1,711
12 years$4,372$3,867$3,414$3,009$2,648$1,392
13 years$3,994$3,495$3,050$2,656$2,309$1,137
14 years$3,670$3,177$2,741$2,358$2,024$933
15 years$3,390$2,902$2,475$2,103$1,782$768
16 years$3,146$2,663$2,244$1,883$1,575$633
17 years$2,930$2,452$2,042$1,692$1,396$524
18 years$2,738$2,266$1,864$1,525$1,242$434
19 years$2,567$2,100$1,706$1,378$1,107$360
20 years$2,413$1,951$1,566$1,248$989$298
21 years$2,274$1,818$1,440$1,132$885$248
22 years$2,148$1,697$1,327$1,030$793$206
23 years$2,033$1,587$1,226$938$712$172
24 years$1,927$1,487$1,133$855$640$143
25 years$1,830$1,395$1,050$781$576$119
26 years$1,741$1,311$974$714$519$99
27 years$1,659$1,234$904$654$468$83
28 years$1,582$1,163$841$599$422$69
29 years$1,511$1,097$782$549$381$57
30 years$1,445$1,036$729$504$344$48
31 years$1,383$979$679$463$311$40
32 years$1,326$927$634$425$281$33
33 years$1,272$878$592$391$255$28
34 years$1,221$832$553$360$231$23
35 years$1,173$789$517$331$209$19
36 years$1,128$749$484$305$189$16
37 years$1,085$711$453$281$172$13
38 years$1,045$676$424$259$156$11
39 years$1,007$643$397$239$141$9
40 years$971$612$372$220$128$8
41 years$936$582$349$203$116$7
42 years$904$554$327$188$105$5
43 years$873$528$307$173$96$5
44 years$844$503$288$160$87$4
45 years$816$480$271$148$79$3
46 years$789$458$254$136$72$3
47 years$763$437$239$126$65$2
48 years$739$417$225$117$59$2
49 years$716$398$211$108$54$2
50 years$693$381$198$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $710,000, adding $6,325 every year, while hoping to spend $22,769 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: 45/25/30 Blend
45$710,000$710,000$710,000$710,000
46$788,944$751,314$740,309$817,358
47$845,191$763,903$740,884$850,827
48$906,411$776,345$740,714$884,448
49$973,088$788,609$739,752$920,485
50$1,045,755$800,663$737,945$959,177
51$1,124,996$812,469$735,240$1,000,788
52$1,211,456$823,991$731,581$1,045,609
53$1,305,844$835,185$726,908$1,093,963
54$1,408,940$846,010$721,160$1,146,208
55$1,521,604$856,416$714,270$1,202,735
56$1,644,781$866,354$706,172$1,263,981
57$1,779,514$875,770$696,794$1,330,426
58$1,926,948$884,607$686,061$1,402,599
59$2,088,348$892,804$673,895$1,481,088
60$2,265,103$900,295$660,214$1,566,539
61$2,458,746$907,012$644,933$1,659,668
62$2,670,961$912,879$627,962$1,761,263
63$2,903,608$917,818$609,207$1,872,196
64$3,158,731$921,747$588,571$1,993,428
65$3,438,584$924,574$565,950$2,126,024
66$3,745,648$926,207$541,238$2,271,154
67$4,082,657$926,544$514,322$2,430,114
68$4,452,622$925,478$485,086$2,604,332
69$4,858,859$922,897$453,407$2,795,386
70$5,305,023$918,680$419,156$3,005,016
71$5,795,139$912,698$382,201$3,235,144
72$6,333,640$904,817$342,401$3,487,889
73$6,925,411$894,892$299,611$3,765,592
74$7,575,833$882,773$253,679$4,070,833
75$8,290,835$868,296$204,445$4,406,461
76$9,076,950$851,291$151,742$4,775,620
77$9,941,371$831,578$95,399$5,181,775
78$10,892,029$808,963$35,233$5,628,753
79$11,937,658$783,244$0$6,120,774
80$13,087,883$754,207$0$6,671,767
81$14,353,307$721,622$0$7,290,232
82$15,745,613$685,251$0$7,970,609
83$17,277,676$644,838$0$8,719,214
84$18,963,677$600,114$0$9,543,009
85$20,819,247$550,795$0$10,449,671
86$22,861,606$496,579$0$11,447,659
87$25,109,727$437,148$0$12,546,297
88$27,584,517$372,167$0$13,755,867
89$30,309,015$301,280$0$15,087,697
90$33,308,604$224,112$0$16,554,277
91$36,611,255$140,268$0$18,169,373
92$40,247,790$49,327$0$19,948,159
93$44,252,170$0$0$21,907,360
94$48,661,819$0$0$24,078,933
95$53,517,974$0$0$26,485,448
96$58,866,075$0$0$29,135,866
97$64,756,194$0$0$32,055,018
98$71,243,507$0$0$35,270,263
99$78,388,815$0$0$38,811,750
100$86,259,116$0$0$42,712,703