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

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$85,056$84,299$83,560$82,838$82,134$80,181
2 years$42,107$41,323$40,563$39,826$39,111$37,155
3 years$27,793$27,005$26,247$25,517$24,814$22,916
4 years$20,637$19,852$19,101$18,384$17,697$15,872
5 years$16,344$15,564$14,823$14,120$13,453$11,705
6 years$13,484$12,709$11,979$11,292$10,645$8,977
7 years$11,441$10,673$9,955$9,284$8,657$7,068
8 years$9,910$9,149$8,443$7,788$7,182$5,672
9 years$8,720$7,966$7,272$6,634$6,048$4,616
10 years$7,768$7,021$6,339$5,718$5,154$3,798
11 years$6,990$6,251$5,581$4,977$4,432$3,151
12 years$6,342$5,610$4,953$4,365$3,841$2,631
13 years$5,794$5,070$4,425$3,854$3,349$2,210
14 years$5,325$4,609$3,976$3,421$2,936$1,864
15 years$4,918$4,210$3,590$3,051$2,585$1,578
16 years$4,563$3,863$3,255$2,732$2,285$1,340
17 years$4,250$3,557$2,962$2,454$2,026$1,141
18 years$3,972$3,287$2,704$2,212$1,801$973
19 years$3,724$3,046$2,475$1,999$1,605$832
20 years$3,501$2,831$2,272$1,810$1,434$712
21 years$3,299$2,637$2,089$1,643$1,283$610
22 years$3,116$2,461$1,926$1,494$1,150$523
23 years$2,949$2,302$1,778$1,360$1,033$449
24 years$2,796$2,157$1,644$1,241$928$386
25 years$2,655$2,024$1,523$1,133$835$332
26 years$2,526$1,902$1,413$1,036$752$286
27 years$2,407$1,790$1,312$948$678$246
28 years$2,296$1,687$1,219$869$612$212
29 years$2,193$1,592$1,135$797$553$183
30 years$2,097$1,503$1,057$731$499$157
31 years$2,007$1,421$985$672$451$136
32 years$1,923$1,344$919$617$408$117
33 years$1,845$1,273$858$568$370$101
34 years$1,771$1,207$802$522$335$87
35 years$1,701$1,145$750$481$303$75
36 years$1,636$1,086$701$443$275$65
37 years$1,574$1,032$657$408$249$56
38 years$1,516$981$615$376$226$48
39 years$1,461$932$576$347$205$42
40 years$1,408$887$540$320$186$36
41 years$1,359$844$506$295$168$31
42 years$1,311$804$475$272$153$27
43 years$1,266$766$446$251$139$23
44 years$1,224$730$418$232$126$20
45 years$1,183$697$393$214$114$17
46 years$1,144$664$369$198$104$15
47 years$1,107$634$347$183$94$13
48 years$1,072$605$326$169$86$11
49 years$1,038$578$306$156$78$10
50 years$1,006$552$288$144$71$8

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 $3,839 every year, while hoping to spend $46,497 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: 59/32/9 Blend
45$1,030,000$1,030,000$1,030,000$1,030,000
46$1,139,020$1,084,430$1,068,465$1,203,660
47$1,205,728$1,088,095$1,054,786$1,251,205
48$1,277,681$1,090,380$1,039,091$1,297,418
49$1,355,366$1,091,171$1,021,262$1,346,661
50$1,439,317$1,090,342$1,001,178$1,399,228
51$1,530,121$1,087,762$978,710$1,455,446
52$1,628,422$1,083,291$953,726$1,515,674
53$1,734,930$1,076,782$926,085$1,580,311
54$1,850,425$1,068,076$895,641$1,649,798
55$1,975,765$1,057,008$862,241$1,724,621
56$2,111,891$1,043,400$825,725$1,805,321
57$2,259,843$1,027,065$785,925$1,892,493
58$2,420,760$1,007,804$742,667$1,986,797
59$2,595,899$985,408$695,768$2,088,962
60$2,786,641$959,654$645,037$2,199,793
61$2,994,507$930,305$590,274$2,320,182
62$3,221,169$897,113$531,271$2,451,112
63$3,468,470$859,812$467,809$2,593,674
64$3,738,435$818,125$399,662$2,749,069
65$4,033,296$771,754$326,592$2,918,628
66$4,355,510$720,387$248,351$3,103,820
67$4,707,781$663,695$164,679$3,306,267
68$5,093,085$601,327$75,306$3,527,764
69$5,514,702$532,913$0$3,770,292
70$5,976,240$458,064$0$4,037,967
71$6,481,674$376,368$0$4,339,122
72$7,035,383$287,388$0$4,669,217
73$7,642,186$190,664$0$5,031,232
74$8,307,392$85,710$0$5,428,455
75$9,036,850$0$0$5,864,517
76$9,836,998$0$0$6,353,277
77$10,714,930$0$0$6,922,751
78$11,678,460$0$0$7,547,837
79$12,736,195$0$0$8,234,129
80$13,897,614$0$0$8,987,790
81$15,173,161$0$0$9,815,608
82$16,574,341$0$0$10,725,062
83$18,113,827$0$0$11,724,391
84$19,805,580$0$0$12,822,671
85$21,664,984$0$0$14,029,900
86$23,708,982$0$0$15,357,095
87$25,956,244$0$0$16,816,393
88$28,427,339$0$0$18,421,164
89$31,144,928$0$0$20,186,142
90$34,133,977$0$0$22,127,557
91$37,421,997$0$0$24,263,292
92$41,039,294$0$0$26,613,053
93$45,019,264$0$0$29,198,548
94$49,398,700$0$0$32,043,700
95$54,218,144$0$0$35,174,864
96$59,522,266$0$0$38,621,083
97$65,360,285$0$0$42,414,354
98$71,786,435$0$0$46,589,938
99$78,860,473$0$0$51,186,685
100$86,648,246$0$0$56,247,404