Can I retire at age 46 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$68,541$67,930$67,334$66,753$66,185$63,888
2 years$33,931$33,299$32,687$32,093$31,517$29,226
3 years$22,396$21,761$21,150$20,562$19,996$17,783
4 years$16,630$15,997$15,392$14,814$14,261$12,144
5 years$13,171$12,542$11,945$11,378$10,841$8,825
6 years$10,865$10,241$9,653$9,099$8,578$6,665
7 years$9,220$8,601$8,022$7,481$6,976$5,165
8 years$7,986$7,372$6,803$6,276$5,788$4,077
9 years$7,026$6,419$5,860$5,346$4,874$3,262
10 years$6,260$5,658$5,109$4,608$4,153$2,637
11 years$5,633$5,037$4,497$4,010$3,572$2,149
12 years$5,110$4,521$3,991$3,518$3,095$1,762
13 years$4,669$4,086$3,566$3,105$2,699$1,452
14 years$4,291$3,714$3,204$2,757$2,366$1,201
15 years$3,963$3,393$2,893$2,458$2,083$997
16 years$3,677$3,113$2,623$2,201$1,841$830
17 years$3,425$2,867$2,387$1,978$1,632$692
18 years$3,201$2,649$2,179$1,782$1,451$578
19 years$3,001$2,455$1,995$1,611$1,294$484
20 years$2,821$2,281$1,830$1,459$1,156$405
21 years$2,658$2,125$1,684$1,324$1,034$340
22 years$2,511$1,983$1,552$1,204$927$285
23 years$2,376$1,855$1,433$1,096$832$240
24 years$2,253$1,738$1,325$1,000$748$201
25 years$2,140$1,631$1,227$913$673$169
26 years$2,036$1,533$1,138$835$606$143
27 years$1,939$1,443$1,057$764$547$120
28 years$1,850$1,359$983$700$493$101
29 years$1,767$1,283$914$642$445$85
30 years$1,690$1,211$852$589$402$72
31 years$1,617$1,145$794$541$364$60
32 years$1,550$1,083$741$497$329$51
33 years$1,486$1,026$692$457$298$43
34 years$1,427$972$646$421$270$36
35 years$1,371$922$604$387$244$30
36 years$1,318$875$565$357$221$26
37 years$1,268$831$529$329$201$22
38 years$1,221$790$495$303$182$18
39 years$1,177$751$464$279$165$15
40 years$1,135$715$435$258$150$13
41 years$1,095$680$408$238$136$11
42 years$1,057$648$383$219$123$9
43 years$1,021$617$359$203$112$8
44 years$986$589$337$187$101$7
45 years$953$561$317$173$92$6
46 years$922$535$297$160$84$5
47 years$892$511$279$147$76$4
48 years$864$488$262$136$69$3
49 years$836$466$247$126$63$3
50 years$810$445$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $830,000, adding $4,460 every year, while hoping to spend $57,528 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: 48/38/14 Blend
45$830,000$830,000$830,000$830,000
46$919,260$875,270$862,405$959,601
47$951,816$856,949$830,087$969,598
48$985,763$835,802$794,757$974,153
49$1,021,185$811,631$756,255$977,827
50$1,058,168$784,223$714,412$980,559
51$1,096,808$753,356$669,051$982,283
52$1,137,205$718,794$619,988$982,933
53$1,179,472$680,286$567,029$982,441
54$1,223,728$637,570$509,974$980,735
55$1,270,102$590,365$448,612$977,743
56$1,318,735$538,375$382,723$973,389
57$1,369,780$481,290$312,078$967,597
58$1,423,402$418,777$236,438$960,288
59$1,479,782$350,490$155,551$951,383
60$1,539,115$276,060$69,158$940,800
61$1,601,614$195,096$0$928,458
62$1,667,512$107,189$0$917,717
63$1,737,062$11,905$0$916,301
64$1,810,538$0$0$913,832
65$1,888,243$0$0$948,417
66$1,970,503$0$0$990,343
67$2,057,679$0$0$1,034,818
68$2,150,161$0$0$1,082,049
69$2,248,379$0$0$1,132,260
70$2,352,800$0$0$1,185,698
71$2,463,937$0$0$1,242,631
72$2,582,351$0$0$1,303,356
73$2,708,657$0$0$1,368,195
74$2,843,528$0$0$1,437,502
75$2,987,701$0$0$1,511,665
76$3,141,985$0$0$1,591,111
77$3,307,266$0$0$1,676,306
78$3,484,517$0$0$1,767,762
79$3,674,805$0$0$1,866,041
80$3,879,301$0$0$1,971,761
81$4,099,290$0$0$2,085,599
82$4,336,183$0$0$2,208,299
83$4,591,530$0$0$2,340,678
84$4,867,034$0$0$2,483,635
85$5,164,566$0$0$2,638,156
86$5,486,179$0$0$2,805,325
87$5,834,135$0$0$2,986,336
88$6,210,915$0$0$3,182,497
89$6,619,251$0$0$3,395,251
90$7,062,144$0$0$3,626,183
91$7,542,895$0$0$3,877,035
92$8,065,136$0$0$4,149,724
93$8,632,861$0$0$4,446,361
94$9,250,463$0$0$4,769,266
95$9,922,779$0$0$5,120,992
96$10,655,126$0$0$5,504,350
97$11,453,360$0$0$5,922,433
98$12,323,924$0$0$6,378,644
99$13,273,908$0$0$6,876,731
100$14,311,118$0$0$7,420,817