Can I retire at age 46 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$85,056$84,299$83,560$82,838$82,134$80,410
2 years$42,107$41,323$40,563$39,826$39,111$37,382
3 years$27,793$27,005$26,247$25,517$24,814$23,134
4 years$20,637$19,852$19,101$18,384$17,697$16,080
5 years$16,344$15,564$14,823$14,120$13,453$11,902
6 years$13,484$12,709$11,979$11,292$10,645$9,163
7 years$11,441$10,673$9,955$9,284$8,657$7,243
8 years$9,910$9,149$8,443$7,788$7,182$5,836
9 years$8,720$7,966$7,272$6,634$6,048$4,770
10 years$7,768$7,021$6,339$5,718$5,154$3,941
11 years$6,990$6,251$5,581$4,977$4,432$3,284
12 years$6,342$5,610$4,953$4,365$3,841$2,756
13 years$5,794$5,070$4,425$3,854$3,349$2,325
14 years$5,325$4,609$3,976$3,421$2,936$1,970
15 years$4,918$4,210$3,590$3,051$2,585$1,676
16 years$4,563$3,863$3,255$2,732$2,285$1,430
17 years$4,250$3,557$2,962$2,454$2,026$1,224
18 years$3,972$3,287$2,704$2,212$1,801$1,049
19 years$3,724$3,046$2,475$1,999$1,605$901
20 years$3,501$2,831$2,272$1,810$1,434$776
21 years$3,299$2,637$2,089$1,643$1,283$668
22 years$3,116$2,461$1,926$1,494$1,150$576
23 years$2,949$2,302$1,778$1,360$1,033$498
24 years$2,796$2,157$1,644$1,241$928$430
25 years$2,655$2,024$1,523$1,133$835$372
26 years$2,526$1,902$1,413$1,036$752$322
27 years$2,407$1,790$1,312$948$678$279
28 years$2,296$1,687$1,219$869$612$241
29 years$2,193$1,592$1,135$797$553$209
30 years$2,097$1,503$1,057$731$499$181
31 years$2,007$1,421$985$672$451$157
32 years$1,923$1,344$919$617$408$136
33 years$1,845$1,273$858$568$370$118
34 years$1,771$1,207$802$522$335$103
35 years$1,701$1,145$750$481$303$89
36 years$1,636$1,086$701$443$275$77
37 years$1,574$1,032$657$408$249$67
38 years$1,516$981$615$376$226$58
39 years$1,461$932$576$347$205$51
40 years$1,408$887$540$320$186$44
41 years$1,359$844$506$295$168$38
42 years$1,311$804$475$272$153$33
43 years$1,266$766$446$251$139$29
44 years$1,224$730$418$232$126$25
45 years$1,183$697$393$214$114$22
46 years$1,144$664$369$198$104$19
47 years$1,107$634$347$183$94$16
48 years$1,072$605$326$169$86$14
49 years$1,038$578$306$156$78$12
50 years$1,006$552$288$144$71$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,030,000, adding $6,764 every year, while hoping to spend $22,579 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: 50/32/18 Blend
45$1,030,000$1,030,000$1,030,000$1,030,000
46$1,142,037$1,087,447$1,071,482$1,193,117
47$1,234,501$1,116,708$1,083,353$1,258,350
48$1,335,639$1,146,646$1,094,865$1,326,323
49$1,446,313$1,177,271$1,105,981$1,399,709
50$1,567,471$1,208,590$1,116,665$1,479,026
51$1,700,156$1,240,614$1,126,877$1,564,846
52$1,845,518$1,273,351$1,136,573$1,657,796
53$2,004,824$1,306,808$1,145,711$1,758,568
54$2,179,467$1,340,992$1,154,244$1,867,925
55$2,370,984$1,375,912$1,162,122$1,986,706
56$2,581,065$1,411,573$1,169,294$2,115,836
57$2,811,574$1,447,980$1,175,706$2,256,334
58$3,064,564$1,485,140$1,181,301$2,409,321
59$3,342,293$1,523,056$1,186,018$2,576,033
60$3,647,254$1,561,732$1,189,796$2,757,831
61$3,982,187$1,601,171$1,192,568$2,956,216
62$4,350,116$1,641,374$1,194,265$3,172,841
63$4,754,368$1,682,342$1,194,813$3,409,526
64$5,198,611$1,724,074$1,194,137$3,668,277
65$5,686,885$1,766,569$1,192,156$3,951,305
66$6,223,641$1,809,824$1,188,787$4,261,047
67$6,813,781$1,853,834$1,183,940$4,600,185
68$7,462,708$1,898,594$1,177,523$4,971,677
69$8,176,374$1,944,095$1,169,441$5,378,783
70$8,961,337$1,990,329$1,159,590$5,825,094
71$9,824,822$2,037,284$1,147,865$6,314,567
72$10,774,790$2,084,946$1,134,154$6,851,563
73$11,820,011$2,133,301$1,118,340$7,440,890
74$12,970,150$2,182,330$1,100,302$8,087,842
75$14,235,854$2,232,014$1,079,912$8,798,257
76$15,628,857$2,282,328$1,057,034$9,578,566
77$17,162,086$2,333,248$1,031,531$10,435,859
78$18,849,786$2,384,744$1,003,254$11,377,946
79$20,707,651$2,436,784$972,050$12,413,438
80$22,752,978$2,489,332$937,760$13,551,822
81$25,004,821$2,542,349$900,215$14,803,553
82$27,484,181$2,595,792$859,240$16,180,156
83$30,214,194$2,649,613$814,651$17,694,328
84$33,220,358$2,703,760$766,258$19,360,065
85$36,530,766$2,758,176$713,860$21,192,792
86$40,176,377$2,812,799$657,247$23,209,507
87$44,191,304$2,867,563$596,200$25,428,943
88$48,613,136$2,922,393$530,493$27,871,744
89$53,483,297$2,977,211$459,885$30,560,665
90$58,847,430$3,031,931$384,128$33,520,780
91$64,755,833$3,086,460$302,961$36,779,724
92$71,263,931$3,140,700$216,113$40,367,952
93$78,432,799$3,194,541$123,300$44,319,028
94$86,329,741$3,247,870$24,227$48,669,943
95$95,028,919$3,300,560$0$53,461,461
96$104,612,060$3,352,479$0$58,754,162
97$115,169,223$3,403,484$0$64,587,888
98$126,799,649$3,453,419$0$71,012,610
99$139,612,697$3,502,121$0$78,088,531
100$153,728,881$3,549,413$0$85,881,993