Can I retire at age 46 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$84,231$83,480$82,748$82,034$81,336$80,420
2 years$41,698$40,922$40,169$39,439$38,732$37,809
3 years$27,523$26,743$25,992$25,269$24,573$23,673
4 years$20,436$19,659$18,916$18,205$17,526$16,655
5 years$16,186$15,413$14,679$13,983$13,323$12,484
6 years$13,353$12,586$11,863$11,182$10,542$9,736
7 years$11,330$10,569$9,858$9,194$8,573$7,801
8 years$9,814$9,060$8,361$7,712$7,112$6,373
9 years$8,635$7,888$7,201$6,569$5,990$5,284
10 years$7,692$6,953$6,278$5,663$5,103$4,430
11 years$6,922$6,190$5,527$4,928$4,389$3,748
12 years$6,280$5,556$4,905$4,323$3,804$3,193
13 years$5,738$5,021$4,382$3,816$3,317$2,737
14 years$5,273$4,564$3,938$3,388$2,907$2,357
15 years$4,871$4,169$3,555$3,021$2,560$2,039
16 years$4,519$3,825$3,223$2,705$2,262$1,769
17 years$4,209$3,523$2,933$2,431$2,006$1,540
18 years$3,934$3,255$2,677$2,190$1,784$1,343
19 years$3,688$3,017$2,451$1,979$1,590$1,175
20 years$3,467$2,803$2,249$1,793$1,420$1,029
21 years$3,267$2,611$2,069$1,627$1,271$903
22 years$3,085$2,438$1,907$1,479$1,139$793
23 years$2,920$2,280$1,761$1,347$1,023$698
24 years$2,769$2,136$1,628$1,229$919$614
25 years$2,630$2,005$1,508$1,122$827$541
26 years$2,502$1,884$1,399$1,026$745$478
27 years$2,383$1,773$1,299$939$672$421
28 years$2,273$1,671$1,208$860$606$372
29 years$2,171$1,576$1,124$789$547$329
30 years$2,076$1,488$1,047$724$494$291
31 years$1,988$1,407$976$665$447$257
32 years$1,905$1,331$910$611$404$228
33 years$1,827$1,261$850$562$366$201
34 years$1,754$1,195$794$517$331$178
35 years$1,685$1,133$743$476$300$158
36 years$1,620$1,076$695$438$272$140
37 years$1,559$1,022$650$404$246$124
38 years$1,501$971$609$372$223$110
39 years$1,446$923$570$343$203$97
40 years$1,395$879$535$317$184$86
41 years$1,345$836$501$292$167$76
42 years$1,299$796$470$270$151$68
43 years$1,254$759$441$249$137$60
44 years$1,212$723$414$230$125$53
45 years$1,172$690$389$212$113$47
46 years$1,133$658$365$196$103$42
47 years$1,097$628$343$181$93$37
48 years$1,061$599$323$167$85$33
49 years$1,028$572$303$155$77$29
50 years$996$547$285$143$70$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,020,000, adding $6,539 every year, while hoping to spend $48,598 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: 69/14/17 Blend
45$1,020,000$1,020,000$1,020,000$1,020,000
46$1,130,785$1,076,725$1,060,915$1,203,792
47$1,194,417$1,077,777$1,044,748$1,254,339
48$1,262,911$1,077,251$1,026,410$1,303,256
49$1,336,711$1,075,019$1,005,778$1,355,559
50$1,416,306$1,070,946$982,722$1,411,576
51$1,502,232$1,064,884$957,105$1,471,669
52$1,595,078$1,056,682$928,787$1,536,241
53$1,695,492$1,046,176$897,618$1,605,732
54$1,804,187$1,033,194$863,443$1,680,634
55$1,921,945$1,017,551$826,099$1,761,484
56$2,049,627$999,055$785,417$1,848,880
57$2,188,179$977,499$741,219$1,943,480
58$2,338,643$952,665$693,319$2,046,010
59$2,502,163$924,324$641,523$2,157,275
60$2,679,998$892,231$585,629$2,278,160
61$2,873,535$856,128$525,425$2,409,644
62$3,084,299$815,741$460,690$2,552,809
63$3,313,967$770,781$391,192$2,708,845
64$3,564,385$720,944$316,691$2,879,072
65$3,837,587$665,904$236,935$3,064,942
66$4,135,809$605,322$151,660$3,268,060
67$4,461,513$538,834$60,592$3,490,198
68$4,817,411$466,060$0$3,733,311
69$5,206,486$386,596$0$4,006,194
70$5,632,024$300,016$0$4,316,750
71$6,097,642$205,869$0$4,656,663
72$6,607,326$103,680$0$5,028,890
73$7,165,460$0$0$5,436,694
74$7,776,876$0$0$5,884,756
75$8,446,893$0$0$6,393,322
76$9,181,371$0$0$6,950,874
77$9,986,761$0$0$7,562,317
78$10,870,172$0$0$8,233,055
79$11,839,430$0$0$8,969,039
80$12,903,158$0$0$9,776,824
81$14,070,854$0$0$10,663,630
82$15,352,979$0$0$11,637,412
83$16,761,059$0$0$12,706,932
84$18,307,788$0$0$13,881,842
85$20,007,152$0$0$15,172,775
86$21,874,558$0$0$16,591,445
87$23,926,980$0$0$18,150,757
88$26,183,117$0$0$19,864,929
89$28,663,572$0$0$21,749,625
90$31,391,040$0$0$23,822,102
91$34,390,530$0$0$26,101,373
92$37,689,592$0$0$28,608,386
93$41,318,582$0$0$31,366,221
94$45,310,945$0$0$34,400,309
95$49,703,533$0$0$37,738,668
96$54,536,946$0$0$41,412,170
97$59,855,924$0$0$45,454,830
98$65,709,757$0$0$49,904,127
99$72,152,760$0$0$54,801,360
100$79,244,778$0$0$60,192,031