Can I retire at age 46 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$86,708$85,936$85,182$84,447$83,728$81,081
2 years$42,925$42,125$41,351$40,599$39,871$37,227
3 years$28,332$27,529$26,757$26,012$25,296$22,739
4 years$21,037$20,237$19,472$18,740$18,041$15,591
5 years$16,662$15,866$15,111$14,394$13,715$11,378
6 years$13,745$12,956$12,212$11,511$10,852$8,631
7 years$11,663$10,880$10,148$9,464$8,825$6,719
8 years$10,102$9,326$8,606$7,939$7,322$5,329
9 years$8,889$8,120$7,413$6,762$6,166$4,285
10 years$7,919$7,158$6,463$5,829$5,254$3,481
11 years$7,125$6,372$5,690$5,073$4,518$2,851
12 years$6,465$5,719$5,049$4,450$3,915$2,350
13 years$5,906$5,168$4,511$3,929$3,414$1,947
14 years$5,428$4,698$4,053$3,487$2,993$1,620
15 years$5,014$4,292$3,660$3,110$2,635$1,352
16 years$4,652$3,938$3,318$2,785$2,329$1,132
17 years$4,333$3,626$3,019$2,502$2,065$950
18 years$4,049$3,351$2,756$2,255$1,836$798
19 years$3,796$3,106$2,523$2,037$1,637$672
20 years$3,569$2,886$2,316$1,845$1,462$566
21 years$3,363$2,688$2,130$1,675$1,308$478
22 years$3,176$2,509$1,963$1,523$1,173$404
23 years$3,006$2,347$1,813$1,387$1,053$341
24 years$2,850$2,199$1,676$1,265$946$289
25 years$2,707$2,063$1,553$1,155$851$244
26 years$2,575$1,939$1,440$1,056$767$207
27 years$2,453$1,825$1,337$967$691$175
28 years$2,340$1,720$1,243$886$624$148
29 years$2,235$1,622$1,157$812$563$126
30 years$2,137$1,532$1,077$745$509$107
31 years$2,046$1,448$1,004$685$460$90
32 years$1,961$1,371$937$629$416$77
33 years$1,880$1,298$875$579$377$65
34 years$1,805$1,230$818$532$341$55
35 years$1,734$1,167$764$490$309$47
36 years$1,668$1,107$715$451$280$40
37 years$1,605$1,052$669$416$254$34
38 years$1,545$1,000$627$383$230$29
39 years$1,489$951$587$353$209$24
40 years$1,436$904$550$326$189$21
41 years$1,385$861$516$301$172$17
42 years$1,337$820$484$278$156$15
43 years$1,291$781$454$256$141$13
44 years$1,248$745$426$237$128$11
45 years$1,206$710$400$218$116$9
46 years$1,167$677$376$202$106$8
47 years$1,129$646$353$186$96$7
48 years$1,093$617$332$172$87$6
49 years$1,058$589$312$159$79$5
50 years$1,025$563$293$147$72$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,050,000, adding $5,533 every year, while hoping to spend $34,838 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: 69/6/25 Blend
45$1,050,000$1,050,000$1,050,000$1,050,000
46$1,162,807$1,107,157$1,090,882$1,235,250
47$1,244,346$1,124,341$1,090,359$1,301,692
48$1,333,035$1,141,198$1,088,652$1,369,844
49$1,429,565$1,157,678$1,085,682$1,443,612
50$1,534,699$1,173,722$1,081,371$1,523,551
51$1,649,275$1,189,271$1,075,633$1,610,273
52$1,774,216$1,204,261$1,068,382$1,704,454
53$1,910,537$1,218,621$1,059,524$1,806,836
54$2,059,357$1,232,278$1,048,963$1,918,242
55$2,221,906$1,245,154$1,036,598$2,039,575
56$2,399,538$1,257,165$1,022,322$2,171,832
57$2,593,745$1,268,220$1,006,024$2,316,115
58$2,806,169$1,278,225$987,588$2,473,634
59$3,038,618$1,287,078$966,892$2,645,728
60$3,293,083$1,294,670$943,809$2,833,870
61$3,571,756$1,300,888$918,204$3,039,685
62$3,877,051$1,305,607$889,940$3,264,967
63$4,211,627$1,308,698$858,870$3,511,690
64$4,578,411$1,310,023$824,840$3,782,034
65$4,980,630$1,309,435$787,693$4,078,399
66$5,421,834$1,306,777$747,261$4,403,435
67$5,905,936$1,301,884$703,369$4,760,060
68$6,437,245$1,294,580$655,836$5,151,493
69$7,020,509$1,284,679$604,471$5,581,283
70$7,660,955$1,271,983$549,075$6,053,342
71$8,364,344$1,256,281$489,440$6,571,984
72$9,137,020$1,237,353$425,350$7,141,962
73$9,985,975$1,214,961$356,578$7,768,518
74$10,918,907$1,188,857$282,886$8,457,432
75$11,944,301$1,158,777$204,028$9,215,074
76$13,071,503$1,124,440$119,746$10,048,465
77$14,310,809$1,085,550$29,771$10,965,348
78$15,673,564$1,041,795$0$11,974,256
79$17,172,266$992,841$0$13,102,269
80$18,820,685$938,338$0$14,351,707
81$20,633,994$877,916$0$15,726,134
82$22,628,909$811,181$0$17,238,235
83$24,823,848$737,719$0$18,901,988
84$27,239,105$657,092$0$20,732,796
85$29,897,039$568,835$0$22,747,631
86$32,822,288$472,459$0$24,965,196
87$36,041,999$367,447$0$27,406,099
88$39,586,083$253,252$0$30,093,049
89$43,487,500$129,298$0$33,051,070
90$47,782,566$0$0$36,307,739
91$52,511,297$0$0$39,893,774
92$57,717,789$0$0$43,851,591
93$63,450,629$0$0$48,209,598
94$69,763,355$0$0$53,008,503
95$76,714,964$0$0$58,293,166
96$84,370,462$0$0$64,113,014
97$92,801,485$0$0$70,522,516
98$102,086,967$0$0$77,581,692
99$112,313,890$0$0$85,356,678
100$123,578,101$0$0$93,920,356