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%15.5%
1 years$84,231$83,480$82,748$82,034$81,336$79,499
2 years$41,698$40,922$40,169$39,439$38,732$36,891
3 years$27,523$26,743$25,992$25,269$24,573$22,785
4 years$20,436$19,659$18,916$18,205$17,526$15,806
5 years$16,186$15,413$14,679$13,983$13,323$11,675
6 years$13,353$12,586$11,863$11,182$10,542$8,968
7 years$11,330$10,569$9,858$9,194$8,573$7,074
8 years$9,814$9,060$8,361$7,712$7,112$5,686
9 years$8,635$7,888$7,201$6,569$5,990$4,636
10 years$7,692$6,953$6,278$5,663$5,103$3,821
11 years$6,922$6,190$5,527$4,928$4,389$3,176
12 years$6,280$5,556$4,905$4,323$3,804$2,658
13 years$5,738$5,021$4,382$3,816$3,317$2,236
14 years$5,273$4,564$3,938$3,388$2,907$1,890
15 years$4,871$4,169$3,555$3,021$2,560$1,604
16 years$4,519$3,825$3,223$2,705$2,262$1,365
17 years$4,209$3,523$2,933$2,431$2,006$1,164
18 years$3,934$3,255$2,677$2,190$1,784$995
19 years$3,688$3,017$2,451$1,979$1,590$852
20 years$3,467$2,803$2,249$1,793$1,420$731
21 years$3,267$2,611$2,069$1,627$1,271$628
22 years$3,085$2,438$1,907$1,479$1,139$540
23 years$2,920$2,280$1,761$1,347$1,023$465
24 years$2,769$2,136$1,628$1,229$919$401
25 years$2,630$2,005$1,508$1,122$827$345
26 years$2,502$1,884$1,399$1,026$745$298
27 years$2,383$1,773$1,299$939$672$257
28 years$2,273$1,671$1,208$860$606$222
29 years$2,171$1,576$1,124$789$547$192
30 years$2,076$1,488$1,047$724$494$166
31 years$1,988$1,407$976$665$447$143
32 years$1,905$1,331$910$611$404$124
33 years$1,827$1,261$850$562$366$107
34 years$1,754$1,195$794$517$331$93
35 years$1,685$1,133$743$476$300$80
36 years$1,620$1,076$695$438$272$69
37 years$1,559$1,022$650$404$246$60
38 years$1,501$971$609$372$223$52
39 years$1,446$923$570$343$203$45
40 years$1,395$879$535$317$184$39
41 years$1,345$836$501$292$167$34
42 years$1,299$796$470$270$151$29
43 years$1,254$759$441$249$137$25
44 years$1,212$723$414$230$125$22
45 years$1,172$690$389$212$113$19
46 years$1,133$658$365$196$103$16
47 years$1,097$628$343$181$93$14
48 years$1,061$599$323$167$85$12
49 years$1,028$572$303$155$77$11
50 years$996$547$285$143$70$9

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 $5,192 every year, while hoping to spend $39,383 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: 44/45/11 Blend
45$1,020,000$1,020,000$1,020,000$1,020,000
46$1,129,396$1,075,336$1,059,526$1,175,307
47$1,202,691$1,086,124$1,053,116$1,218,548
48$1,282,142$1,096,121$1,045,173$1,260,981
49$1,368,336$1,105,246$1,035,601$1,306,091
50$1,461,917$1,113,414$1,024,305$1,354,137
51$1,563,595$1,120,533$1,011,181$1,405,410
52$1,674,149$1,126,507$996,124$1,460,229
53$1,794,439$1,131,233$979,021$1,518,950
54$1,925,409$1,134,600$959,754$1,581,966
55$2,068,097$1,136,492$938,203$1,649,712
56$2,223,648$1,136,785$914,238$1,722,669
57$2,393,320$1,135,348$887,725$1,801,370
58$2,578,499$1,132,040$858,524$1,886,405
59$2,780,709$1,126,714$826,488$1,978,428
60$3,001,630$1,119,211$791,464$2,078,160
61$3,243,109$1,109,365$753,291$2,186,401
62$3,507,182$1,097,000$711,801$2,304,034
63$3,796,088$1,081,926$666,820$2,432,038
64$4,112,295$1,063,946$618,164$2,571,495
65$4,458,518$1,042,849$565,642$2,723,599
66$4,837,749$1,018,411$509,054$2,889,675
67$5,253,283$990,396$448,190$3,071,183
68$5,708,747$958,554$382,833$3,269,740
69$6,208,136$922,620$312,755$3,487,134
70$6,755,851$882,314$237,718$3,725,337
71$7,356,740$837,340$157,473$3,986,533
72$8,016,140$787,383$71,762$4,273,133
73$8,739,934$732,111$0$4,587,802
74$9,534,598$671,176$0$4,935,795
75$10,407,268$604,205$0$5,327,190
76$11,365,805$530,807$0$5,757,183
77$12,418,869$450,567$0$6,229,775
78$13,575,998$363,049$0$6,749,387
79$14,847,701$267,791$0$7,320,895
80$16,245,558$164,304$0$7,949,683
81$17,782,323$52,072$0$8,641,693
82$19,472,049$0$0$9,403,481
83$21,330,218$0$0$10,276,672
84$23,373,890$0$0$11,265,531
85$25,621,858$0$0$12,353,383
86$28,094,829$0$0$13,550,268
87$30,815,619$0$0$14,867,245
88$33,809,366$0$0$16,316,502
89$37,103,767$0$0$17,911,467
90$40,729,341$0$0$19,666,934
91$44,719,715$0$0$21,599,206
92$49,111,941$0$0$23,726,247
93$53,946,844$0$0$26,067,850
94$59,269,410$0$0$28,645,824
95$65,129,208$0$0$31,484,202
96$71,580,856$0$0$34,609,464
97$78,684,539$0$0$38,050,790
98$86,506,574$0$0$41,840,332
99$95,120,037$0$0$46,013,522
100$104,605,453$0$0$50,609,399