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%14.8%
1 years$82,579$81,843$81,126$80,425$79,741$78,163
2 years$40,881$40,119$39,381$38,666$37,972$36,389
3 years$26,983$26,218$25,482$24,774$24,091$22,552
4 years$20,036$19,273$18,545$17,848$17,182$15,699
5 years$15,868$15,111$14,391$13,709$13,061$11,639
6 years$13,091$12,339$11,630$10,963$10,335$8,974
7 years$11,108$10,362$9,665$9,013$8,405$7,107
8 years$9,621$8,882$8,197$7,561$6,973$5,736
9 years$8,466$7,734$7,060$6,440$5,872$4,696
10 years$7,542$6,817$6,155$5,552$5,003$3,887
11 years$6,786$6,069$5,419$4,832$4,303$3,246
12 years$6,157$5,447$4,809$4,238$3,729$2,729
13 years$5,625$4,922$4,296$3,742$3,252$2,307
14 years$5,170$4,474$3,860$3,321$2,850$1,959
15 years$4,775$4,087$3,485$2,962$2,510$1,670
16 years$4,430$3,750$3,160$2,652$2,218$1,428
17 years$4,126$3,454$2,875$2,383$1,967$1,224
18 years$3,857$3,191$2,625$2,148$1,749$1,052
19 years$3,615$2,958$2,403$1,940$1,559$906
20 years$3,399$2,748$2,205$1,757$1,392$781
21 years$3,203$2,560$2,029$1,595$1,246$675
22 years$3,025$2,390$1,870$1,450$1,117$583
23 years$2,863$2,235$1,726$1,321$1,002$505
24 years$2,714$2,094$1,596$1,205$901$437
25 years$2,578$1,965$1,479$1,100$811$379
26 years$2,453$1,847$1,371$1,006$730$329
27 years$2,336$1,738$1,273$921$658$285
28 years$2,229$1,638$1,184$844$594$248
29 years$2,129$1,545$1,102$774$537$215
30 years$2,036$1,459$1,026$710$485$187
31 years$1,949$1,380$957$652$438$163
32 years$1,867$1,305$893$599$396$141
33 years$1,791$1,236$833$551$359$123
34 years$1,719$1,172$779$507$325$107
35 years$1,652$1,111$728$467$294$93
36 years$1,588$1,055$681$430$267$81
37 years$1,528$1,002$637$396$242$70
38 years$1,472$952$597$365$219$61
39 years$1,418$905$559$337$199$53
40 years$1,367$861$524$310$180$46
41 years$1,319$820$492$286$163$40
42 years$1,273$781$461$264$148$35
43 years$1,230$744$433$244$135$31
44 years$1,188$709$406$225$122$27
45 years$1,149$676$381$208$111$23
46 years$1,111$645$358$192$101$20
47 years$1,075$616$336$178$91$18
48 years$1,041$588$316$164$83$15
49 years$1,008$561$297$152$75$13
50 years$976$536$279$140$69$12

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 $2,694 every year, while hoping to spend $32,963 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: 64/19/17 Blend
45$1,000,000$1,000,000$1,000,000$1,000,000
46$1,104,779$1,051,779$1,036,279$1,170,654
47$1,182,394$1,068,244$1,035,922$1,231,653
48$1,266,821$1,084,410$1,034,448$1,294,249
49$1,358,720$1,100,230$1,031,785$1,361,840
50$1,458,817$1,115,649$1,027,858$1,434,914
51$1,567,912$1,130,611$1,022,586$1,514,010
52$1,686,883$1,145,055$1,015,888$1,599,721
53$1,816,700$1,158,918$1,007,674$1,692,701
54$1,958,427$1,172,128$997,855$1,793,673
55$2,113,238$1,184,614$986,334$1,903,432
56$2,282,423$1,196,295$973,012$2,022,857
57$2,467,405$1,207,088$957,783$2,152,914
58$2,669,749$1,216,904$940,536$2,294,670
59$2,891,177$1,225,646$921,159$2,449,301
60$3,133,589$1,233,214$899,529$2,618,106
61$3,399,073$1,239,500$875,521$2,802,514
62$3,689,931$1,244,388$849,004$3,004,103
63$4,008,697$1,247,756$819,838$3,224,611
64$4,358,163$1,249,475$787,882$3,465,955
65$4,741,402$1,249,406$752,983$3,730,252
66$5,161,802$1,247,403$714,984$4,019,830
67$5,623,090$1,243,311$673,720$4,337,262
68$6,129,376$1,236,963$629,020$4,685,382
69$6,685,183$1,228,186$580,704$5,067,313
70$7,295,498$1,216,793$528,583$5,486,503
71$7,965,809$1,202,586$472,462$5,946,750
72$8,702,167$1,185,359$412,135$6,452,243
73$9,511,235$1,164,888$347,388$7,007,599
74$10,400,353$1,140,939$277,997$7,617,910
75$11,377,609$1,113,265$203,730$8,288,789
76$12,451,912$1,081,602$124,342$9,026,426
77$13,633,078$1,045,672$39,579$9,837,644
78$14,931,922$1,005,180$0$10,729,963
79$16,360,359$959,814$0$11,720,907
80$17,931,515$909,245$0$12,818,649
81$19,659,856$853,123$0$14,026,134
82$21,561,315$791,081$0$15,354,527
83$23,653,453$722,727$0$16,816,134
84$25,955,614$647,650$0$18,424,516
85$28,489,115$565,413$0$20,194,621
86$31,277,443$475,557$0$22,142,922
87$34,346,478$377,594$0$24,287,572
88$37,724,734$271,012$0$26,648,581
89$41,443,632$155,267$0$29,248,001
90$45,537,793$29,786$0$32,110,133
91$50,045,367$0$0$35,261,764
92$55,008,389$0$0$38,754,582
93$60,473,178$0$0$42,607,474
94$66,490,775$0$0$46,850,209
95$73,117,420$0$0$51,522,451
96$80,415,088$0$0$56,667,907
97$88,452,069$0$0$62,334,741
98$97,303,612$0$0$68,576,022
99$107,052,641$0$0$75,450,233
100$117,790,528$0$0$83,021,817