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%11.4%
1 years$84,231$83,480$82,748$82,034$81,336$80,858
2 years$41,698$40,922$40,169$39,439$38,732$38,249
3 years$27,523$26,743$25,992$25,269$24,573$24,101
4 years$20,436$19,659$18,916$18,205$17,526$17,068
5 years$16,186$15,413$14,679$13,983$13,323$12,880
6 years$13,353$12,586$11,863$11,182$10,542$10,116
7 years$11,330$10,569$9,858$9,194$8,573$8,164
8 years$9,814$9,060$8,361$7,712$7,112$6,719
9 years$8,635$7,888$7,201$6,569$5,990$5,613
10 years$7,692$6,953$6,278$5,663$5,103$4,743
11 years$6,922$6,190$5,527$4,928$4,389$4,045
12 years$6,280$5,556$4,905$4,323$3,804$3,475
13 years$5,738$5,021$4,382$3,816$3,317$3,003
14 years$5,273$4,564$3,938$3,388$2,907$2,609
15 years$4,871$4,169$3,555$3,021$2,560$2,276
16 years$4,519$3,825$3,223$2,705$2,262$1,993
17 years$4,209$3,523$2,933$2,431$2,006$1,750
18 years$3,934$3,255$2,677$2,190$1,784$1,541
19 years$3,688$3,017$2,451$1,979$1,590$1,360
20 years$3,467$2,803$2,249$1,793$1,420$1,203
21 years$3,267$2,611$2,069$1,627$1,271$1,065
22 years$3,085$2,438$1,907$1,479$1,139$945
23 years$2,920$2,280$1,761$1,347$1,023$840
24 years$2,769$2,136$1,628$1,229$919$747
25 years$2,630$2,005$1,508$1,122$827$665
26 years$2,502$1,884$1,399$1,026$745$592
27 years$2,383$1,773$1,299$939$672$528
28 years$2,273$1,671$1,208$860$606$472
29 years$2,171$1,576$1,124$789$547$421
30 years$2,076$1,488$1,047$724$494$376
31 years$1,988$1,407$976$665$447$336
32 years$1,905$1,331$910$611$404$301
33 years$1,827$1,261$850$562$366$269
34 years$1,754$1,195$794$517$331$241
35 years$1,685$1,133$743$476$300$216
36 years$1,620$1,076$695$438$272$193
37 years$1,559$1,022$650$404$246$173
38 years$1,501$971$609$372$223$155
39 years$1,446$923$570$343$203$139
40 years$1,395$879$535$317$184$124
41 years$1,345$836$501$292$167$112
42 years$1,299$796$470$270$151$100
43 years$1,254$759$441$249$137$90
44 years$1,212$723$414$230$125$80
45 years$1,172$690$389$212$113$72
46 years$1,133$658$365$196$103$65
47 years$1,097$628$343$181$93$58
48 years$1,061$599$323$167$85$52
49 years$1,028$572$303$155$77$47
50 years$996$547$285$143$70$42

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 $2,054 every year, while hoping to spend $39,070 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: 58/22/20 Blend
45$1,020,000$1,020,000$1,020,000$1,020,000
46$1,126,159$1,072,099$1,056,289$1,185,387
47$1,199,457$1,083,061$1,050,104$1,236,836
48$1,278,922$1,093,252$1,042,403$1,288,487
49$1,365,141$1,102,591$1,033,093$1,343,930
50$1,458,762$1,110,994$1,022,078$1,403,538
51$1,560,495$1,118,372$1,009,257$1,467,724
52$1,671,122$1,124,629$994,524$1,536,945
53$1,791,505$1,129,664$977,768$1,611,704
54$1,922,589$1,133,368$958,874$1,692,558
55$2,065,416$1,135,626$937,720$1,780,121
56$2,221,134$1,136,317$914,179$1,875,072
57$2,391,004$1,135,311$888,118$1,978,159
58$2,576,415$1,132,470$859,398$2,090,212
59$2,778,896$1,127,647$827,875$2,212,142
60$3,000,130$1,120,689$793,396$2,344,959
61$3,241,971$1,111,430$755,802$2,489,776
62$3,506,457$1,099,696$714,927$2,647,824
63$3,795,837$1,085,302$670,597$2,820,458
64$4,112,582$1,068,051$622,632$3,009,178
65$4,459,416$1,047,737$570,842$3,215,638
66$4,839,340$1,024,139$515,028$3,441,662
67$5,255,654$997,024$454,984$3,689,266
68$5,711,999$966,146$390,493$3,960,674
69$6,212,378$931,243$321,330$4,258,338
70$6,761,206$892,039$247,260$4,584,968
71$7,363,342$848,241$168,036$4,943,550
72$8,024,139$799,542$83,402$5,337,384
73$8,749,495$745,612$0$5,770,107
74$9,545,903$686,107$0$6,247,208
75$10,420,520$620,662$0$6,790,732
76$11,381,228$548,888$0$7,387,808
77$12,436,709$470,380$0$8,043,892
78$13,596,528$384,704$0$8,764,998
79$14,871,225$291,405$0$9,557,756
80$16,272,407$190,001$0$10,429,475
81$17,812,867$79,985$0$11,388,211
82$19,506,694$0$0$12,442,848
83$21,369,415$0$0$13,612,662
84$23,418,134$0$0$14,920,678
85$25,671,697$0$0$16,359,577
86$28,150,868$0$0$17,942,629
87$30,878,525$0$0$19,684,454
88$33,879,876$0$0$21,601,164
89$37,182,694$0$0$23,710,508
90$40,817,583$0$0$26,032,045
91$44,818,261$0$0$28,587,326
92$49,221,883$0$0$31,400,095
93$54,069,388$0$0$34,496,518
94$59,405,884$0$0$37,905,425
95$65,281,077$0$0$41,658,584
96$71,749,738$0$0$45,791,000
97$78,872,217$0$0$50,341,244
98$86,715,015$0$0$55,351,819
99$95,351,411$0$0$60,869,559
100$104,862,149$0$0$66,946,073