Can I retire at age 46 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$83,405$82,662$81,937$81,230$80,539$79,139
2 years$41,290$40,521$39,775$39,053$38,352$36,947
3 years$27,253$26,481$25,737$25,021$24,332$22,965
4 years$20,236$19,466$18,730$18,027$17,354$16,035
5 years$16,027$15,262$14,535$13,846$13,192$11,925
6 years$13,222$12,462$11,747$11,073$10,438$9,225
7 years$11,219$10,466$9,762$9,104$8,489$7,330
8 years$9,717$8,971$8,279$7,637$7,043$5,937
9 years$8,550$7,811$7,130$6,505$5,931$4,878
10 years$7,617$6,885$6,216$5,607$5,053$4,053
11 years$6,854$6,129$5,473$4,880$4,346$3,397
12 years$6,219$5,501$4,857$4,280$3,766$2,867
13 years$5,681$4,972$4,339$3,779$3,284$2,433
14 years$5,221$4,519$3,899$3,355$2,879$2,075
15 years$4,823$4,128$3,520$2,992$2,535$1,776
16 years$4,475$3,788$3,192$2,679$2,240$1,525
17 years$4,168$3,488$2,904$2,407$1,986$1,313
18 years$3,895$3,223$2,651$2,169$1,766$1,134
19 years$3,652$2,987$2,427$1,960$1,574$980
20 years$3,433$2,776$2,227$1,775$1,406$849
21 years$3,235$2,586$2,049$1,611$1,258$737
22 years$3,055$2,414$1,888$1,465$1,128$640
23 years$2,891$2,257$1,743$1,334$1,013$556
24 years$2,742$2,115$1,612$1,217$910$484
25 years$2,604$1,985$1,493$1,111$819$422
26 years$2,477$1,865$1,385$1,016$738$368
27 years$2,360$1,756$1,286$930$665$321
28 years$2,251$1,654$1,196$852$600$280
29 years$2,150$1,561$1,113$781$542$244
30 years$2,056$1,474$1,036$717$490$213
31 years$1,968$1,393$966$659$443$186
32 years$1,886$1,318$901$605$400$163
33 years$1,809$1,248$842$557$362$142
34 years$1,736$1,183$786$512$328$124
35 years$1,668$1,122$735$471$297$109
36 years$1,604$1,065$688$434$269$95
37 years$1,544$1,012$644$400$244$83
38 years$1,486$962$603$369$221$73
39 years$1,432$914$565$340$201$64
40 years$1,381$870$529$314$182$56
41 years$1,332$828$496$289$165$49
42 years$1,286$789$466$267$150$43
43 years$1,242$751$437$246$136$37
44 years$1,200$716$410$228$123$33
45 years$1,160$683$385$210$112$29
46 years$1,122$652$362$194$102$25
47 years$1,086$622$340$179$92$22
48 years$1,051$594$319$166$84$19
49 years$1,018$567$300$153$76$17
50 years$986$541$282$142$69$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,010,000, adding $2,865 every year, while hoping to spend $21,397 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: 33/50/17 Blend
45$1,010,000$1,010,000$1,010,000$1,010,000
46$1,115,975$1,062,445$1,046,790$1,146,815
47$1,207,038$1,091,739$1,059,091$1,199,099
48$1,306,673$1,121,751$1,071,088$1,253,227
49$1,415,731$1,152,493$1,082,746$1,311,107
50$1,535,149$1,183,979$1,094,032$1,373,081
51$1,665,961$1,216,221$1,104,909$1,439,524
52$1,809,304$1,249,231$1,115,338$1,510,850
53$1,966,430$1,283,021$1,125,279$1,587,514
54$2,138,720$1,317,603$1,134,690$1,670,015
55$2,327,692$1,352,988$1,143,525$1,758,905
56$2,535,020$1,389,188$1,151,737$1,854,791
57$2,762,548$1,426,213$1,159,275$1,958,338
58$3,012,306$1,464,076$1,166,089$2,070,283
59$3,286,530$1,502,784$1,172,122$2,191,435
60$3,587,684$1,542,349$1,177,316$2,322,684
61$3,918,483$1,582,780$1,181,612$2,465,011
62$4,281,917$1,624,084$1,184,944$2,619,497
63$4,681,279$1,666,270$1,187,246$2,787,333
64$5,120,197$1,709,346$1,188,447$2,969,830
65$5,602,671$1,753,317$1,188,473$3,168,431
66$6,133,103$1,798,190$1,187,247$3,384,729
67$6,716,347$1,843,968$1,184,687$3,620,475
68$7,357,748$1,890,657$1,180,708$3,877,601
69$8,063,197$1,938,257$1,175,220$4,158,234
70$8,839,183$1,986,771$1,168,129$4,464,720
71$9,692,855$2,036,199$1,159,337$4,799,640
72$10,632,093$2,086,539$1,148,742$5,165,841
73$11,665,576$2,137,789$1,136,234$5,566,460
74$12,802,867$2,189,944$1,121,701$6,004,952
75$14,054,506$2,242,997$1,105,024$6,485,125
76$15,432,103$2,296,941$1,086,079$7,011,176
77$16,948,452$2,351,766$1,064,737$7,587,730
78$18,617,650$2,407,458$1,040,862$8,219,883
79$20,455,231$2,464,004$1,014,312$8,913,251
80$22,478,310$2,521,386$984,937$9,674,023
81$24,705,748$2,579,584$952,582$10,509,021
82$27,158,325$2,638,575$917,085$11,425,761
83$29,858,943$2,698,334$878,276$12,432,528
84$32,832,833$2,758,830$835,976$13,538,451
85$36,107,800$2,820,031$790,000$14,753,592
86$39,714,484$2,881,901$740,153$16,089,040
87$43,686,646$2,944,399$686,232$17,557,017
88$48,061,489$3,007,479$628,026$19,170,990
89$52,880,008$3,071,093$565,312$20,945,802
90$58,187,378$3,135,185$497,859$22,897,814
91$64,033,378$3,199,697$425,425$25,045,055
92$70,472,863$3,264,563$347,758$27,407,394
93$77,566,281$3,329,712$264,593$30,006,729
94$85,380,240$3,395,066$175,655$32,867,197
95$93,988,142$3,460,542$80,657$36,015,395
96$103,470,873$3,526,049$0$39,480,638
97$113,917,564$3,591,487$0$43,298,992
98$125,426,436$3,656,751$0$47,518,161
99$138,105,726$3,721,725$0$52,162,800
100$152,074,706$3,786,286$0$57,276,219