Can I retire at age 46 with 1,000,000?

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$82,579$81,843$81,126$80,425$79,741$76,851
2 years$40,881$40,119$39,381$38,666$37,972$35,092
3 years$26,983$26,218$25,482$24,774$24,091$21,311
4 years$20,036$19,273$18,545$17,848$17,182$14,524
5 years$15,868$15,111$14,391$13,709$13,061$10,532
6 years$13,091$12,339$11,630$10,963$10,335$7,937
7 years$11,108$10,362$9,665$9,013$8,405$6,137
8 years$9,621$8,882$8,197$7,561$6,973$4,833
9 years$8,466$7,734$7,060$6,440$5,872$3,857
10 years$7,542$6,817$6,155$5,552$5,003$3,110
11 years$6,786$6,069$5,419$4,832$4,303$2,528
12 years$6,157$5,447$4,809$4,238$3,729$2,067
13 years$5,625$4,922$4,296$3,742$3,252$1,699
14 years$5,170$4,474$3,860$3,321$2,850$1,401
15 years$4,775$4,087$3,485$2,962$2,510$1,160
16 years$4,430$3,750$3,160$2,652$2,218$962
17 years$4,126$3,454$2,875$2,383$1,967$800
18 years$3,857$3,191$2,625$2,148$1,749$667
19 years$3,615$2,958$2,403$1,940$1,559$556
20 years$3,399$2,748$2,205$1,757$1,392$465
21 years$3,203$2,560$2,029$1,595$1,246$388
22 years$3,025$2,390$1,870$1,450$1,117$325
23 years$2,863$2,235$1,726$1,321$1,002$272
24 years$2,714$2,094$1,596$1,205$901$228
25 years$2,578$1,965$1,479$1,100$811$191
26 years$2,453$1,847$1,371$1,006$730$160
27 years$2,336$1,738$1,273$921$658$134
28 years$2,229$1,638$1,184$844$594$113
29 years$2,129$1,545$1,102$774$537$95
30 years$2,036$1,459$1,026$710$485$79
31 years$1,949$1,380$957$652$438$67
32 years$1,867$1,305$893$599$396$56
33 years$1,791$1,236$833$551$359$47
34 years$1,719$1,172$779$507$325$40
35 years$1,652$1,111$728$467$294$33
36 years$1,588$1,055$681$430$267$28
37 years$1,528$1,002$637$396$242$23
38 years$1,472$952$597$365$219$20
39 years$1,418$905$559$337$199$17
40 years$1,367$861$524$310$180$14
41 years$1,319$820$492$286$163$12
42 years$1,273$781$461$264$148$10
43 years$1,230$744$433$244$135$8
44 years$1,188$709$406$225$122$7
45 years$1,149$676$381$208$111$6
46 years$1,111$645$358$192$101$5
47 years$1,075$616$336$178$91$4
48 years$1,041$588$316$164$83$3
49 years$1,008$561$297$152$75$3
50 years$976$536$279$140$69$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,000,000, adding $2,265 every year, while hoping to spend $28,243 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: 52/32/16 Blend
45$1,000,000$1,000,000$1,000,000$1,000,000
46$1,104,336$1,051,336$1,035,836$1,156,854
47$1,186,928$1,072,801$1,040,487$1,214,556
48$1,276,998$1,094,372$1,044,346$1,274,119
49$1,375,279$1,116,023$1,047,358$1,338,276
50$1,482,577$1,137,727$1,049,464$1,407,471
51$1,599,780$1,159,457$1,050,602$1,482,192
52$1,727,867$1,181,179$1,050,706$1,562,979
53$1,867,913$1,202,860$1,049,708$1,650,426
54$2,021,103$1,224,464$1,047,537$1,745,188
55$2,188,743$1,245,950$1,044,117$1,847,986
56$2,372,269$1,267,276$1,039,369$1,959,617
57$2,573,263$1,288,395$1,033,211$2,080,959
58$2,793,468$1,309,259$1,025,555$2,212,978
59$3,034,803$1,329,813$1,016,312$2,356,742
60$3,299,380$1,350,001$1,005,386$2,513,427
61$3,589,527$1,369,762$992,677$2,684,330
62$3,907,808$1,389,030$978,081$2,870,880
63$4,257,047$1,407,734$961,489$3,074,655
64$4,640,353$1,425,800$942,786$3,297,391
65$5,061,152$1,443,148$921,853$3,541,007
66$5,523,219$1,459,692$898,564$3,807,614
67$6,030,710$1,475,340$872,789$4,099,544
68$6,588,206$1,489,994$844,390$4,419,365
69$7,200,750$1,503,551$813,224$4,769,909
70$7,873,901$1,515,899$779,142$5,154,299
71$8,613,781$1,526,921$741,986$5,575,979
72$9,427,137$1,536,490$701,592$6,038,745
73$10,321,400$1,544,473$657,790$6,546,782
74$11,304,757$1,550,727$610,401$7,104,705
75$12,386,230$1,555,100$559,237$7,717,602
76$13,575,757$1,557,432$504,103$8,391,081
77$14,884,290$1,557,551$444,796$9,131,328
78$16,323,892$1,555,276$381,101$9,945,159
79$17,907,858$1,550,413$312,797$10,840,092
80$19,650,835$1,542,759$239,652$11,824,412
81$21,568,962$1,532,096$161,421$12,907,254
82$23,680,020$1,518,192$77,853$14,098,690
83$26,003,603$1,500,805$0$15,409,823
84$28,561,301$1,479,675$0$16,854,824
85$31,376,902$1,454,527$0$18,459,562
86$34,476,618$1,425,071$0$20,225,655
87$37,889,333$1,390,999$0$22,169,550
88$41,646,871$1,351,984$0$24,309,374
89$45,784,302$1,307,682$0$26,665,108
90$50,340,269$1,257,727$0$29,258,773
91$55,357,353$1,201,731$0$32,114,638
92$60,882,474$1,139,287$0$35,259,454
93$66,967,335$1,069,961$0$38,722,702
94$73,668,910$993,296$0$42,536,878
95$81,049,979$908,808$0$46,737,794
96$89,179,723$815,986$0$51,364,921
97$98,134,374$714,288$0$56,461,761
98$107,997,936$603,144$0$62,076,261
99$118,862,979$481,951$0$68,261,262
100$130,831,507$350,071$0$75,075,005