Can I retire at age 46 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$59,457$58,927$58,411$57,906$57,414$57,076
2 years$29,434$28,886$28,355$27,840$27,340$26,999
3 years$19,428$18,877$18,347$17,837$17,346$17,012
4 years$14,426$13,877$13,352$12,851$12,371$12,048
5 years$11,425$10,880$10,362$9,870$9,404$9,092
6 years$9,425$8,884$8,374$7,894$7,441$7,141
7 years$7,998$7,461$6,959$6,490$6,052$5,763
8 years$6,927$6,395$5,902$5,444$5,020$4,743
9 years$6,095$5,568$5,083$4,637$4,228$3,962
10 years$5,430$4,908$4,431$3,997$3,602$3,348
11 years$4,886$4,369$3,901$3,479$3,098$2,855
12 years$4,433$3,922$3,462$3,051$2,685$2,453
13 years$4,050$3,544$3,093$2,694$2,341$2,120
14 years$3,722$3,221$2,779$2,391$2,052$1,842
15 years$3,438$2,943$2,509$2,133$1,807$1,607
16 years$3,190$2,700$2,275$1,910$1,597$1,407
17 years$2,971$2,487$2,070$1,716$1,416$1,235
18 years$2,777$2,298$1,890$1,546$1,259$1,088
19 years$2,603$2,130$1,730$1,397$1,122$960
20 years$2,447$1,979$1,588$1,265$1,002$849
21 years$2,306$1,843$1,461$1,148$897$752
22 years$2,178$1,721$1,346$1,044$804$667
23 years$2,061$1,609$1,243$951$722$593
24 years$1,954$1,508$1,149$867$649$527
25 years$1,856$1,415$1,065$792$584$469
26 years$1,766$1,330$987$724$526$418
27 years$1,682$1,252$917$663$474$373
28 years$1,605$1,179$852$607$428$333
29 years$1,533$1,113$793$557$386$297
30 years$1,466$1,051$739$511$349$266
31 years$1,403$993$689$469$316$237
32 years$1,344$940$643$431$285$212
33 years$1,289$890$600$397$258$190
34 years$1,238$844$561$365$234$170
35 years$1,189$800$524$336$212$152
36 years$1,144$759$490$309$192$136
37 years$1,100$721$459$285$174$122
38 years$1,060$685$430$263$158$109
39 years$1,021$652$403$242$143$98
40 years$984$620$377$224$130$88
41 years$950$590$354$206$118$79
42 years$917$562$332$190$107$71
43 years$885$536$312$176$97$63
44 years$855$511$292$162$88$57
45 years$827$487$275$150$80$51
46 years$800$464$258$138$73$46
47 years$774$443$242$128$66$41
48 years$749$423$228$118$60$37
49 years$726$404$214$109$54$33
50 years$703$386$201$101$49$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $720,000, adding $6,598 every year, while hoping to spend $22,065 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: 40/44/16 Blend
45$720,000$720,000$720,000$720,000
46$800,246$762,086$750,926$828,209
47$858,394$775,951$752,605$862,569
48$921,734$789,756$753,601$897,075
49$990,771$803,475$753,867$933,935
50$1,066,064$817,079$753,355$973,371
51$1,148,224$830,538$752,015$1,015,633
52$1,237,928$843,819$749,792$1,060,994
53$1,335,918$856,888$746,632$1,109,756
54$1,443,012$869,706$742,475$1,162,252
55$1,560,111$882,233$737,259$1,218,852
56$1,688,207$894,427$730,921$1,279,960
57$1,828,390$906,240$723,394$1,346,027
58$1,981,864$917,624$714,605$1,417,548
59$2,149,952$928,525$704,482$1,495,069
60$2,334,112$938,888$692,947$1,579,195
61$2,535,949$948,651$679,919$1,670,592
62$2,757,233$957,752$665,313$1,769,996
63$2,999,909$966,120$649,040$1,878,219
64$3,266,124$973,684$631,007$1,996,158
65$3,558,240$980,366$611,117$2,124,803
66$3,878,859$986,083$589,268$2,265,245
67$4,230,849$990,747$565,354$2,418,690
68$4,617,366$994,264$539,264$2,586,469
69$5,041,889$996,535$510,881$2,770,050
70$5,508,251$997,454$480,085$2,971,053
71$6,020,672$996,909$446,748$3,191,267
72$6,583,804$994,781$410,737$3,432,664
73$7,202,770$990,943$371,914$3,697,421
74$7,883,213$985,260$330,134$3,987,941
75$8,631,353$977,590$285,246$4,306,874
76$9,454,041$967,782$237,092$4,657,145
77$10,358,826$955,676$185,507$5,041,979
78$11,354,023$941,101$130,318$5,464,936
79$12,448,797$923,878$71,347$5,929,942
80$13,653,242$903,816$8,405$6,441,328
81$14,978,482$880,712$0$7,003,873
82$16,436,775$854,354$0$7,632,879
83$18,041,623$824,515$0$8,326,310
84$19,807,907$790,955$0$9,089,177
85$21,752,023$753,421$0$9,928,592
86$23,892,035$711,645$0$10,852,392
87$26,247,850$665,342$0$11,869,222
88$28,841,400$614,214$0$12,988,610
89$31,696,856$557,943$0$14,221,065
90$34,840,847$496,194$0$15,578,170
91$38,302,719$428,613$0$17,072,697
92$42,114,807$354,826$0$18,718,726
93$46,312,743$274,438$0$20,531,780
94$50,935,788$187,031$0$22,528,974
95$56,027,207$92,164$0$24,729,174
96$61,634,673$0$0$27,153,180
97$67,810,721$0$0$29,829,069
98$74,613,239$0$0$32,825,669
99$82,106,017$0$0$36,126,474
100$90,359,349$0$0$39,762,468