Can I retire at age 46 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$66,063$65,475$64,901$64,340$63,793$63,338
2 years$32,705$32,095$31,505$30,933$30,378$29,919
3 years$21,586$20,975$20,386$19,819$19,273$18,824
4 years$16,029$15,419$14,836$14,278$13,746$13,311
5 years$12,695$12,088$11,513$10,967$10,449$10,030
6 years$10,473$9,871$9,304$8,771$8,268$7,864
7 years$8,886$8,290$7,732$7,211$6,724$6,336
8 years$7,697$7,106$6,557$6,049$5,578$5,206
9 years$6,773$6,187$5,648$5,152$4,698$4,341
10 years$6,033$5,453$4,924$4,441$4,003$3,662
11 years$5,429$4,855$4,335$3,865$3,442$3,117
12 years$4,926$4,357$3,847$3,390$2,983$2,673
13 years$4,500$3,938$3,437$2,993$2,601$2,306
14 years$4,136$3,579$3,088$2,657$2,280$1,999
15 years$3,820$3,270$2,788$2,370$2,008$1,740
16 years$3,544$3,000$2,528$2,122$1,775$1,521
17 years$3,301$2,763$2,300$1,906$1,573$1,333
18 years$3,085$2,553$2,100$1,718$1,399$1,171
19 years$2,892$2,366$1,922$1,552$1,247$1,031
20 years$2,719$2,199$1,764$1,406$1,114$910
21 years$2,562$2,048$1,623$1,276$997$804
22 years$2,420$1,912$1,496$1,160$893$712
23 years$2,290$1,788$1,381$1,057$802$631
24 years$2,172$1,675$1,277$964$721$560
25 years$2,063$1,572$1,183$880$649$497
26 years$1,962$1,478$1,097$805$584$442
27 years$1,869$1,391$1,019$737$527$393
28 years$1,783$1,310$947$675$475$350
29 years$1,703$1,236$881$619$429$312
30 years$1,628$1,167$821$568$388$278
31 years$1,559$1,104$765$522$351$248
32 years$1,494$1,044$714$479$317$221
33 years$1,433$989$667$441$287$197
34 years$1,375$937$623$406$260$176
35 years$1,321$889$582$373$235$157
36 years$1,271$844$545$344$213$141
37 years$1,223$801$510$317$193$126
38 years$1,177$762$478$292$175$112
39 years$1,134$724$447$269$159$100
40 years$1,094$689$419$248$144$90
41 years$1,055$656$393$229$131$80
42 years$1,019$625$369$211$119$72
43 years$984$595$346$195$108$64
44 years$951$567$325$180$98$57
45 years$919$541$305$166$89$51
46 years$889$516$287$154$81$46
47 years$860$492$269$142$73$41
48 years$833$470$253$131$66$37
49 years$806$449$238$121$60$33
50 years$781$429$224$112$55$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $800,000, adding $2,008 every year, while hoping to spend $38,644 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: 72/21/7 Blend
45$800,000$800,000$800,000$800,000
46$883,671$841,271$828,871$946,250
47$932,689$841,377$815,522$987,918
48$985,411$840,192$800,429$1,028,508
49$1,042,175$837,613$783,496$1,071,869
50$1,103,350$833,530$764,617$1,118,261
51$1,169,345$827,826$743,684$1,167,975
52$1,240,604$820,375$720,583$1,221,329
53$1,317,619$811,047$695,196$1,278,674
54$1,400,930$799,702$667,399$1,340,401
55$1,491,129$786,192$637,061$1,406,936
56$1,588,869$770,360$604,047$1,478,753
57$1,694,866$752,040$568,215$1,556,375
58$1,809,908$731,056$529,417$1,640,377
59$1,934,863$707,222$487,497$1,731,395
60$2,070,685$680,341$442,293$1,830,131
61$2,218,421$650,205$393,637$1,937,359
62$2,379,228$616,592$341,351$2,053,934
63$2,554,374$579,270$285,251$2,180,800
64$2,745,258$537,992$225,145$2,318,996
65$2,953,418$492,497$160,831$2,469,672
66$3,180,546$442,510$92,098$2,634,096
67$3,428,507$387,738$18,729$2,813,665
68$3,699,352$327,874$0$3,009,924
69$3,995,338$262,592$0$3,229,024
70$4,318,953$191,549$0$3,470,178
71$4,672,933$114,382$0$3,734,077
72$5,060,293$30,708$0$4,023,029
73$5,484,351$0$0$4,339,577
74$5,948,762$0$0$4,700,364
75$6,457,551$0$0$5,103,439
76$7,015,149$0$0$5,545,223
77$7,626,439$0$0$6,029,587
78$8,296,797$0$0$6,560,797
79$9,032,144$0$0$7,143,551
80$9,839,002$0$0$7,783,023
81$10,724,555$0$0$8,484,911
82$11,696,716$0$0$9,255,495
83$12,764,204$0$0$10,101,690
84$13,936,619$0$0$11,031,114
85$15,224,540$0$0$12,052,160
86$16,639,620$0$0$13,174,072
87$18,194,698$0$0$14,407,036
88$19,903,915$0$0$15,762,272
89$21,782,852$0$0$17,252,142
90$23,848,677$0$0$18,890,266
91$26,120,301$0$0$20,691,648
92$28,618,561$0$0$22,672,820
93$31,366,415$0$0$24,851,997
94$34,389,155$0$0$27,249,245
95$37,714,651$0$0$29,886,678
96$41,373,608$0$0$32,788,655
97$45,399,858$0$0$35,982,020
98$49,830,680$0$0$39,496,350
99$54,707,147$0$0$43,364,233
100$60,074,516$0$0$47,621,576