Can I retire at age 46 with 1,040,000?

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$85,882$85,117$84,371$83,642$82,931$80,084
2 years$42,516$41,724$40,957$40,213$39,491$36,652
3 years$28,062$27,267$26,502$25,765$25,055$22,312
4 years$20,837$20,044$19,286$18,562$17,869$15,245
5 years$16,503$15,715$14,967$14,257$13,584$11,084
6 years$13,615$12,832$12,096$11,402$10,748$8,376
7 years$11,552$10,777$10,052$9,374$8,741$6,495
8 years$10,006$9,238$8,524$7,864$7,252$5,130
9 years$8,804$8,043$7,342$6,698$6,107$4,107
10 years$7,843$7,089$6,401$5,774$5,204$3,322
11 years$7,058$6,311$5,635$5,025$4,475$2,709
12 years$6,403$5,665$5,001$4,408$3,878$2,222
13 years$5,850$5,119$4,468$3,891$3,382$1,832
14 years$5,376$4,653$4,015$3,454$2,964$1,517
15 years$4,966$4,251$3,625$3,081$2,610$1,260
16 years$4,608$3,900$3,286$2,758$2,307$1,049
17 years$4,292$3,592$2,991$2,478$2,045$876
18 years$4,011$3,319$2,730$2,233$1,819$732
19 years$3,760$3,076$2,499$2,018$1,621$613
20 years$3,535$2,858$2,294$1,828$1,448$514
21 years$3,331$2,662$2,110$1,659$1,296$432
22 years$3,146$2,485$1,944$1,508$1,161$363
23 years$2,977$2,324$1,795$1,374$1,043$305
24 years$2,823$2,178$1,660$1,253$937$256
25 years$2,681$2,044$1,538$1,144$843$216
26 years$2,551$1,921$1,426$1,046$760$182
27 years$2,430$1,808$1,324$958$685$153
28 years$2,318$1,703$1,231$877$618$129
29 years$2,214$1,607$1,146$805$558$109
30 years$2,117$1,518$1,067$738$504$92
31 years$2,027$1,435$995$678$456$77
32 years$1,942$1,357$928$623$412$65
33 years$1,862$1,286$867$573$373$55
34 years$1,788$1,218$810$527$338$46
35 years$1,718$1,156$757$485$306$39
36 years$1,652$1,097$708$447$277$33
37 years$1,589$1,042$663$412$251$28
38 years$1,530$990$621$380$228$23
39 years$1,475$941$582$350$207$20
40 years$1,422$896$545$323$187$17
41 years$1,372$853$511$298$170$14
42 years$1,324$812$480$275$154$12
43 years$1,279$774$450$254$140$10
44 years$1,236$738$422$234$127$8
45 years$1,195$703$397$216$115$7
46 years$1,155$671$372$200$105$6
47 years$1,118$640$350$185$95$5
48 years$1,082$611$329$171$86$4
49 years$1,048$584$309$158$78$4
50 years$1,015$558$291$146$71$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,040,000, adding $4,596 every year, while hoping to spend $40,965 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: 56/16/28 Blend
45$1,040,000$1,040,000$1,040,000$1,040,000
46$1,150,821$1,095,701$1,079,581$1,206,154
47$1,224,618$1,105,804$1,072,160$1,254,836
48$1,304,570$1,115,029$1,063,118$1,303,210
49$1,391,260$1,123,289$1,052,357$1,355,086
50$1,485,332$1,130,494$1,039,775$1,410,816
51$1,587,493$1,136,545$1,025,264$1,470,790
52$1,698,519$1,141,338$1,008,712$1,535,437
53$1,819,267$1,144,763$990,003$1,605,233
54$1,950,678$1,146,701$969,014$1,680,704
55$2,093,787$1,147,029$945,615$1,762,430
56$2,249,733$1,145,613$919,673$1,851,053
57$2,419,770$1,142,313$891,047$1,947,284
58$2,605,279$1,136,979$859,590$2,051,906
59$2,807,779$1,129,453$825,147$2,165,786
60$3,028,942$1,119,565$787,559$2,289,882
61$3,270,609$1,107,139$746,657$2,425,250
62$3,534,806$1,091,984$702,265$2,573,059
63$3,823,765$1,073,900$654,200$2,734,600
64$4,139,943$1,052,674$602,269$2,911,297
65$4,486,045$1,028,083$546,273$3,104,725
66$4,865,050$999,887$486,001$3,316,621
67$5,280,238$967,835$421,235$3,548,904
68$5,735,222$931,659$351,747$3,803,694
69$6,233,982$891,077$277,297$4,083,328
70$6,780,899$845,790$197,637$4,390,390
71$7,380,799$795,483$112,507$4,727,730
72$8,038,999$739,820$21,634$5,098,494
73$8,761,354$678,448$0$5,506,155
74$9,554,314$610,994$0$5,977,053
75$10,424,984$537,063$0$6,501,270
76$11,381,190$456,237$0$7,077,095
77$12,431,555$368,076$0$7,709,773
78$13,585,575$272,113$0$8,405,088
79$14,853,715$167,858$0$9,169,411
80$16,247,501$54,790$0$10,009,771
81$17,779,632$0$0$10,933,909
82$19,464,099$0$0$11,962,273
83$21,316,317$0$0$13,103,757
84$23,353,268$0$0$14,359,194
85$25,593,663$0$0$15,740,131
86$28,058,116$0$0$17,259,286
87$30,769,341$0$0$18,930,675
88$33,752,365$0$0$20,769,741
89$37,034,759$0$0$22,793,497
90$40,646,908$0$0$25,020,692
91$44,622,285$0$0$27,471,982
92$48,997,776$0$0$30,170,128
93$53,814,025$0$0$33,140,209
94$59,115,812$0$0$36,409,859
95$64,952,484$0$0$40,009,527
96$71,378,413$0$0$43,972,767
97$78,453,510$0$0$48,336,548
98$86,243,794$0$0$53,141,610
99$94,822,010$0$0$58,432,842
100$104,268,317$0$0$64,259,710