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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.3%
1 years$82,579$81,843$81,126$80,425$79,741$77,066
2 years$40,881$40,119$39,381$38,666$37,972$35,303
3 years$26,983$26,218$25,482$24,774$24,091$21,512
4 years$20,036$19,273$18,545$17,848$17,182$14,713
5 years$15,868$15,111$14,391$13,709$13,061$10,709
6 years$13,091$12,339$11,630$10,963$10,335$8,101
7 years$11,108$10,362$9,665$9,013$8,405$6,289
8 years$9,621$8,882$8,197$7,561$6,973$4,973
9 years$8,466$7,734$7,060$6,440$5,872$3,986
10 years$7,542$6,817$6,155$5,552$5,003$3,228
11 years$6,786$6,069$5,419$4,832$4,303$2,636
12 years$6,157$5,447$4,809$4,238$3,729$2,165
13 years$5,625$4,922$4,296$3,742$3,252$1,788
14 years$5,170$4,474$3,860$3,321$2,850$1,482
15 years$4,775$4,087$3,485$2,962$2,510$1,233
16 years$4,430$3,750$3,160$2,652$2,218$1,028
17 years$4,126$3,454$2,875$2,383$1,967$860
18 years$3,857$3,191$2,625$2,148$1,749$720
19 years$3,615$2,958$2,403$1,940$1,559$604
20 years$3,399$2,748$2,205$1,757$1,392$507
21 years$3,203$2,560$2,029$1,595$1,246$426
22 years$3,025$2,390$1,870$1,450$1,117$359
23 years$2,863$2,235$1,726$1,321$1,002$302
24 years$2,714$2,094$1,596$1,205$901$254
25 years$2,578$1,965$1,479$1,100$811$214
26 years$2,453$1,847$1,371$1,006$730$181
27 years$2,336$1,738$1,273$921$658$153
28 years$2,229$1,638$1,184$844$594$129
29 years$2,129$1,545$1,102$774$537$109
30 years$2,036$1,459$1,026$710$485$92
31 years$1,949$1,380$957$652$438$77
32 years$1,867$1,305$893$599$396$65
33 years$1,791$1,236$833$551$359$55
34 years$1,719$1,172$779$507$325$47
35 years$1,652$1,111$728$467$294$39
36 years$1,588$1,055$681$430$267$33
37 years$1,528$1,002$637$396$242$28
38 years$1,472$952$597$365$219$24
39 years$1,418$905$559$337$199$20
40 years$1,367$861$524$310$180$17
41 years$1,319$820$492$286$163$14
42 years$1,273$781$461$264$148$12
43 years$1,230$744$433$244$135$10
44 years$1,188$709$406$225$122$9
45 years$1,149$676$381$208$111$7
46 years$1,111$645$358$192$101$6
47 years$1,075$616$336$178$91$5
48 years$1,041$588$316$164$83$4
49 years$1,008$561$297$152$75$4
50 years$976$536$279$140$69$3

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 $5,008 every year, while hoping to spend $34,350 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: 81/11/8 Blend
45$1,000,000$1,000,000$1,000,000$1,000,000
46$1,107,166$1,054,166$1,038,666$1,195,327
47$1,183,549$1,069,272$1,036,913$1,268,889
48$1,266,571$1,083,967$1,033,950$1,344,552
49$1,356,874$1,098,194$1,029,701$1,426,556
50$1,455,164$1,111,894$1,024,084$1,515,519
51$1,562,215$1,125,001$1,017,015$1,612,117
52$1,678,882$1,137,447$1,008,406$1,717,099
53$1,806,105$1,149,159$998,165$1,831,288
54$1,944,918$1,160,058$986,193$1,955,589
55$2,096,459$1,170,061$972,391$2,091,000
56$2,261,983$1,179,078$956,650$2,238,622
57$2,442,867$1,187,015$938,860$2,399,667
58$2,640,632$1,193,772$918,905$2,575,467
59$2,856,950$1,199,240$896,661$2,767,496
60$3,093,661$1,203,305$872,002$2,977,371
61$3,352,795$1,205,847$844,794$3,206,878
62$3,636,582$1,206,736$814,897$3,457,985
63$3,947,483$1,205,835$782,165$3,732,857
64$4,288,205$1,203,000$746,446$4,033,883
65$4,661,729$1,198,074$707,580$4,363,694
66$5,071,342$1,190,896$665,400$4,725,189
67$5,520,659$1,181,291$619,731$5,121,562
68$6,013,666$1,169,074$570,392$5,556,336
69$6,554,752$1,154,050$517,192$6,033,387
70$7,148,750$1,136,012$459,932$6,556,993
71$7,800,987$1,114,741$398,404$7,131,865
72$8,517,329$1,090,005$332,392$7,763,193
73$9,304,238$1,061,556$261,668$8,456,700
74$10,168,833$1,029,135$185,997$9,218,691
75$11,118,957$992,466$105,130$10,056,115
76$12,163,250$951,256$18,812$10,976,628
77$13,311,231$905,197$0$11,988,671
78$14,573,386$853,962$0$13,107,800
79$15,961,271$797,205$0$14,340,129
80$17,487,614$734,561$0$15,695,369
81$19,166,440$665,644$0$17,185,997
82$21,013,201$590,045$0$18,825,756
83$23,044,924$507,334$0$20,629,795
84$25,280,366$417,053$0$22,614,806
85$27,740,196$318,721$0$24,799,183
86$30,447,188$211,830$0$27,203,194
87$33,426,434$95,843$0$29,849,175
88$36,705,583$0$0$32,761,742
89$40,315,098$0$0$35,971,625
90$44,288,549$0$0$39,517,952
91$48,662,924$0$0$43,422,137
92$53,478,978$0$0$47,720,560
93$58,781,621$0$0$52,453,306
94$64,620,339$0$0$57,664,548
95$71,049,661$0$0$63,402,958
96$78,129,672$0$0$69,722,170
97$85,926,583$0$0$76,681,283
98$94,513,350$0$0$84,345,420
99$103,970,368$0$0$92,786,342
100$114,386,227$0$0$102,083,126