Can I retire at age 46 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$61,109$60,564$60,033$59,515$59,009$56,915
2 years$30,252$29,688$29,142$28,613$28,099$26,012
3 years$19,967$19,402$18,857$18,333$17,827$15,813
4 years$14,826$14,262$13,723$13,208$12,715$10,787
5 years$11,743$11,182$10,650$10,145$9,665$7,831
6 years$9,687$9,131$8,607$8,113$7,648$5,908
7 years$8,220$7,668$7,152$6,670$6,220$4,573
8 years$7,120$6,573$6,066$5,595$5,160$3,606
9 years$6,265$5,723$5,224$4,766$4,345$2,881
10 years$5,581$5,044$4,555$4,108$3,703$2,326
11 years$5,022$4,491$4,010$3,575$3,184$1,893
12 years$4,556$4,031$3,559$3,136$2,759$1,550
13 years$4,163$3,643$3,179$2,769$2,406$1,275
14 years$3,826$3,311$2,857$2,458$2,109$1,054
15 years$3,534$3,025$2,579$2,192$1,857$873
16 years$3,278$2,775$2,338$1,963$1,641$726
17 years$3,054$2,556$2,128$1,763$1,455$604
18 years$2,854$2,362$1,942$1,589$1,294$504
19 years$2,675$2,189$1,778$1,436$1,153$421
20 years$2,515$2,034$1,632$1,301$1,030$352
21 years$2,370$1,894$1,501$1,180$922$295
22 years$2,238$1,768$1,383$1,073$826$247
23 years$2,119$1,654$1,277$977$742$207
24 years$2,009$1,550$1,181$891$667$174
25 years$1,908$1,454$1,094$814$600$146
26 years$1,815$1,367$1,015$744$540$123
27 years$1,729$1,286$942$681$487$103
28 years$1,649$1,212$876$624$440$87
29 years$1,575$1,143$815$572$397$73
30 years$1,506$1,080$759$525$359$61
31 years$1,442$1,021$708$483$324$52
32 years$1,382$966$661$443$293$43
33 years$1,325$915$617$408$266$36
34 years$1,272$867$576$375$240$31
35 years$1,222$822$539$345$218$26
36 years$1,175$780$504$318$197$22
37 years$1,131$741$472$293$179$18
38 years$1,089$704$442$270$162$15
39 years$1,049$670$414$249$147$13
40 years$1,012$637$388$230$133$11
41 years$976$607$364$212$121$9
42 years$942$578$341$196$110$8
43 years$910$551$320$181$100$6
44 years$879$525$301$167$90$5
45 years$850$500$282$154$82$5
46 years$822$477$265$142$75$4
47 years$796$456$249$131$68$3
48 years$770$435$234$121$61$3
49 years$746$415$220$112$56$2
50 years$722$397$207$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $740,000, adding $3,406 every year, while hoping to spend $32,677 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: 50/20/30 Blend
45$740,000$740,000$740,000$740,000
46$818,993$779,773$768,303$852,825
47$867,763$783,214$759,273$880,332
48$920,411$785,728$748,846$906,713
49$977,300$787,236$736,939$934,763
50$1,038,826$787,652$723,468$964,658
51$1,105,426$786,887$708,344$996,590
52$1,177,580$784,845$691,474$1,030,775
53$1,255,814$781,423$672,759$1,067,452
54$1,340,709$776,514$652,098$1,106,887
55$1,432,902$770,005$629,385$1,149,374
56$1,533,096$761,773$604,507$1,195,239
57$1,642,061$751,689$577,347$1,244,846
58$1,760,648$739,618$547,785$1,298,594
59$1,889,790$725,415$515,691$1,356,930
60$2,030,515$708,927$480,934$1,420,347
61$2,183,955$689,992$443,373$1,489,390
62$2,351,356$668,439$402,863$1,564,666
63$2,534,087$644,086$359,252$1,646,843
64$2,733,658$616,740$312,381$1,736,665
65$2,951,730$586,199$262,085$1,834,952
66$3,190,131$552,248$208,189$1,942,614
67$3,450,875$514,658$150,514$2,060,655
68$3,736,179$473,191$88,870$2,190,189
69$4,048,482$427,590$23,061$2,332,446
70$4,390,474$377,589$0$2,488,787
71$4,765,114$322,902$0$2,675,816
72$5,175,662$263,231$0$2,888,957
73$5,625,707$198,257$0$3,122,732
74$6,119,205$127,647$0$3,379,248
75$6,660,508$51,047$0$3,660,831
76$7,254,415$0$0$3,970,043
77$7,906,208$0$0$4,316,738
78$8,621,708$0$0$4,709,731
79$9,407,323$0$0$5,141,320
80$10,270,117$0$0$5,615,392
81$11,217,868$0$0$6,136,235
82$12,259,146$0$0$6,708,567
83$13,403,391$0$0$7,337,590
84$14,661,005$0$0$8,029,034
85$16,043,445$0$0$8,789,209
86$17,563,335$0$0$9,625,070
87$19,234,582$0$0$10,544,279
88$21,072,510$0$0$11,555,277
89$23,094,001$0$0$12,667,365
90$25,317,655$0$0$13,890,789
91$27,763,965$0$0$15,236,840
92$30,455,513$0$0$16,717,958
93$33,417,176$0$0$18,347,849
94$36,676,368$0$0$20,141,616
95$40,263,293$0$0$22,115,899
96$44,211,231$0$0$24,289,034
97$48,556,852$0$0$26,681,224
98$53,340,564$0$0$29,314,730
99$58,606,888$0$0$32,214,083
100$64,404,882$0$0$35,406,312