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

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$83,405$82,662$81,937$81,230$80,539$78,180
2 years$41,290$40,521$39,775$39,053$38,352$35,994
3 years$27,253$26,481$25,737$25,021$24,332$22,050
4 years$20,236$19,466$18,730$18,027$17,354$15,165
5 years$16,027$15,262$14,535$13,846$13,192$11,102
6 years$13,222$12,462$11,747$11,073$10,438$8,449
7 years$11,219$10,466$9,762$9,104$8,489$6,600
8 years$9,717$8,971$8,279$7,637$7,043$5,253
9 years$8,550$7,811$7,130$6,505$5,931$4,239
10 years$7,617$6,885$6,216$5,607$5,053$3,457
11 years$6,854$6,129$5,473$4,880$4,346$2,843
12 years$6,219$5,501$4,857$4,280$3,766$2,352
13 years$5,681$4,972$4,339$3,779$3,284$1,957
14 years$5,221$4,519$3,899$3,355$2,879$1,635
15 years$4,823$4,128$3,520$2,992$2,535$1,370
16 years$4,475$3,788$3,192$2,679$2,240$1,152
17 years$4,168$3,488$2,904$2,407$1,986$971
18 years$3,895$3,223$2,651$2,169$1,766$820
19 years$3,652$2,987$2,427$1,960$1,574$693
20 years$3,433$2,776$2,227$1,775$1,406$587
21 years$3,235$2,586$2,049$1,611$1,258$498
22 years$3,055$2,414$1,888$1,465$1,128$422
23 years$2,891$2,257$1,743$1,334$1,013$359
24 years$2,742$2,115$1,612$1,217$910$305
25 years$2,604$1,985$1,493$1,111$819$259
26 years$2,477$1,865$1,385$1,016$738$221
27 years$2,360$1,756$1,286$930$665$188
28 years$2,251$1,654$1,196$852$600$160
29 years$2,150$1,561$1,113$781$542$136
30 years$2,056$1,474$1,036$717$490$116
31 years$1,968$1,393$966$659$443$99
32 years$1,886$1,318$901$605$400$84
33 years$1,809$1,248$842$557$362$72
34 years$1,736$1,183$786$512$328$61
35 years$1,668$1,122$735$471$297$52
36 years$1,604$1,065$688$434$269$45
37 years$1,544$1,012$644$400$244$38
38 years$1,486$962$603$369$221$32
39 years$1,432$914$565$340$201$28
40 years$1,381$870$529$314$182$24
41 years$1,332$828$496$289$165$20
42 years$1,286$789$466$267$150$17
43 years$1,242$751$437$246$136$15
44 years$1,200$716$410$228$123$12
45 years$1,160$683$385$210$112$11
46 years$1,122$652$362$194$102$9
47 years$1,086$622$340$179$92$8
48 years$1,051$594$319$166$84$7
49 years$1,018$567$300$153$76$6
50 years$986$541$282$142$69$5

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 $4,968 every year, while hoping to spend $50,448 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: 41/35/24 Blend
45$1,010,000$1,010,000$1,010,000$1,010,000
46$1,118,144$1,064,614$1,048,959$1,155,914
47$1,178,519$1,063,104$1,030,423$1,181,980
48$1,243,361$1,059,829$1,009,575$1,205,017
49$1,313,072$1,054,650$986,285$1,228,952
50$1,388,096$1,047,418$960,415$1,253,898
51$1,468,916$1,037,975$931,824$1,279,979
52$1,556,065$1,026,156$900,360$1,307,340
53$1,650,129$1,011,783$865,867$1,336,140
54$1,751,752$994,670$828,183$1,366,561
55$1,861,639$974,617$787,135$1,398,807
56$1,980,567$951,414$742,546$1,433,108
57$2,109,391$924,840$694,227$1,469,721
58$2,249,049$894,657$641,984$1,508,936
59$2,400,575$860,618$585,613$1,551,078
60$2,565,102$822,457$524,900$1,596,509
61$2,743,882$779,896$459,623$1,645,637
62$2,938,286$732,640$389,549$1,698,916
63$3,149,827$680,376$314,435$1,756,855
64$3,380,169$622,773$234,028$1,820,021
65$3,631,141$559,483$148,062$1,889,048
66$3,904,756$490,138$56,262$1,964,640
67$4,203,233$414,346$0$2,047,586
68$4,529,011$331,697$0$2,149,443
69$4,884,774$241,754$0$2,276,574
70$5,273,481$144,060$0$2,415,726
71$5,698,385$38,128$0$2,568,188
72$6,163,070$0$0$2,735,392
73$6,671,481$0$0$2,948,406
74$7,227,964$0$0$3,197,760
75$7,837,302$0$0$3,470,929
76$8,504,762$0$0$3,770,292
77$9,236,147$0$0$4,098,469
78$10,037,847$0$0$4,458,342
79$10,916,898$0$0$4,853,091
80$11,881,050$0$0$5,286,214
81$12,938,840$0$0$5,761,565
82$14,099,672$0$0$6,283,392
83$15,373,903$0$0$6,856,370
84$16,772,941$0$0$7,485,653
85$18,309,354$0$0$8,176,915
86$19,996,987$0$0$8,936,409
87$21,851,090$0$0$9,771,024
88$23,888,467$0$0$10,688,346
89$26,127,626$0$0$11,696,737
90$28,588,958$0$0$12,805,407
91$31,294,931$0$0$14,024,502
92$34,270,294$0$0$15,365,203
93$37,542,318$0$0$16,839,827
94$41,141,047$0$0$18,461,944
95$45,099,582$0$0$20,246,508
96$49,454,396$0$0$22,209,993
97$54,245,672$0$0$24,370,551
98$59,517,687$0$0$26,748,182
99$65,319,224$0$0$29,364,925
100$71,704,037$0$0$32,245,062