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%16%
1 years$85,056$84,299$83,560$82,838$82,134$80,116
2 years$42,107$41,323$40,563$39,826$39,111$37,091
3 years$27,793$27,005$26,247$25,517$24,814$22,854
4 years$20,637$19,852$19,101$18,384$17,697$15,813
5 years$16,344$15,564$14,823$14,120$13,453$11,650
6 years$13,484$12,709$11,979$11,292$10,645$8,924
7 years$11,441$10,673$9,955$9,284$8,657$7,019
8 years$9,910$9,149$8,443$7,788$7,182$5,626
9 years$8,720$7,966$7,272$6,634$6,048$4,573
10 years$7,768$7,021$6,339$5,718$5,154$3,758
11 years$6,990$6,251$5,581$4,977$4,432$3,113
12 years$6,342$5,610$4,953$4,365$3,841$2,597
13 years$5,794$5,070$4,425$3,854$3,349$2,178
14 years$5,325$4,609$3,976$3,421$2,936$1,834
15 years$4,918$4,210$3,590$3,051$2,585$1,551
16 years$4,563$3,863$3,255$2,732$2,285$1,315
17 years$4,250$3,557$2,962$2,454$2,026$1,118
18 years$3,972$3,287$2,704$2,212$1,801$952
19 years$3,724$3,046$2,475$1,999$1,605$813
20 years$3,501$2,831$2,272$1,810$1,434$694
21 years$3,299$2,637$2,089$1,643$1,283$594
22 years$3,116$2,461$1,926$1,494$1,150$509
23 years$2,949$2,302$1,778$1,360$1,033$436
24 years$2,796$2,157$1,644$1,241$928$374
25 years$2,655$2,024$1,523$1,133$835$321
26 years$2,526$1,902$1,413$1,036$752$276
27 years$2,407$1,790$1,312$948$678$237
28 years$2,296$1,687$1,219$869$612$204
29 years$2,193$1,592$1,135$797$553$176
30 years$2,097$1,503$1,057$731$499$151
31 years$2,007$1,421$985$672$451$130
32 years$1,923$1,344$919$617$408$112
33 years$1,845$1,273$858$568$370$96
34 years$1,771$1,207$802$522$335$83
35 years$1,701$1,145$750$481$303$71
36 years$1,636$1,086$701$443$275$62
37 years$1,574$1,032$657$408$249$53
38 years$1,516$981$615$376$226$46
39 years$1,461$932$576$347$205$39
40 years$1,408$887$540$320$186$34
41 years$1,359$844$506$295$168$29
42 years$1,311$804$475$272$153$25
43 years$1,266$766$446$251$139$22
44 years$1,224$730$418$232$126$19
45 years$1,183$697$393$214$114$16
46 years$1,144$664$369$198$104$14
47 years$1,107$634$347$183$94$12
48 years$1,072$605$326$169$86$10
49 years$1,038$578$306$156$78$9
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 $5,128 every year, while hoping to spend $45,080 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: 42/36/22 Blend
45$1,030,000$1,030,000$1,030,000$1,030,000
46$1,140,350$1,085,760$1,069,795$1,180,706
47$1,208,700$1,090,997$1,057,668$1,215,175
48$1,282,512$1,094,980$1,043,624$1,247,752
49$1,362,294$1,097,600$1,027,551$1,282,119
50$1,448,607$1,098,741$1,009,333$1,318,465
51$1,542,065$1,098,279$988,845$1,357,001
52$1,643,345$1,096,084$965,961$1,397,962
53$1,753,191$1,092,018$940,546$1,441,609
54$1,872,422$1,085,932$912,460$1,488,233
55$2,001,937$1,077,671$881,555$1,538,158
56$2,142,727$1,067,069$847,679$1,591,747
57$2,295,879$1,053,949$810,671$1,649,398
58$2,462,593$1,038,127$770,363$1,711,560
59$2,644,187$1,019,404$726,579$1,778,727
60$2,842,110$997,572$679,136$1,851,451
61$3,057,961$972,409$627,843$1,930,344
62$3,293,497$943,680$572,499$2,016,085
63$3,550,651$911,138$512,895$2,109,428
64$3,831,553$874,519$448,813$2,211,210
65$4,138,547$833,547$380,024$2,322,359
66$4,474,215$787,926$306,290$2,443,906
67$4,841,397$737,346$227,363$2,576,990
68$5,243,222$681,479$142,982$2,722,878
69$5,683,135$619,976$52,877$2,882,971
70$6,164,930$552,470$0$3,058,821
71$6,692,785$478,573$0$3,262,310
72$7,271,300$397,874$0$3,499,088
73$7,905,543$309,941$0$3,758,911
74$8,601,096$214,315$0$4,044,188
75$9,364,103$110,512$0$4,357,582
76$10,201,338$0$0$4,702,032
77$11,120,256$0$0$5,081,571
78$12,129,072$0$0$5,546,433
79$13,236,837$0$0$6,057,028
80$14,453,517$0$0$6,617,967
81$15,790,094$0$0$7,234,330
82$17,258,665$0$0$7,911,714
83$18,872,556$0$0$8,656,284
84$20,646,450$0$0$9,474,834
85$22,596,521$0$0$10,374,849
86$24,740,590$0$0$11,364,572
87$27,098,289$0$0$12,453,089
88$29,691,250$0$0$13,650,409
89$32,543,304$0$0$14,967,559
90$35,680,709$0$0$16,416,690
91$39,132,396$0$0$18,011,189
92$42,930,242$0$0$19,765,807
93$47,109,367$0$0$21,696,797
94$51,708,471$0$0$23,822,066
95$56,770,193$0$0$26,161,347
96$62,341,515$0$0$28,736,381
97$68,474,206$0$0$31,571,126
98$75,225,308$0$0$34,691,980
99$82,657,674$0$0$38,128,029
100$90,840,563$0$0$41,911,326