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

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$86,708$85,936$85,182$84,447$83,728$83,271
2 years$42,925$42,125$41,351$40,599$39,871$39,409
3 years$28,332$27,529$26,757$26,012$25,296$24,844
4 years$21,037$20,237$19,472$18,740$18,041$17,603
5 years$16,662$15,866$15,111$14,394$13,715$13,291
6 years$13,745$12,956$12,212$11,511$10,852$10,444
7 years$11,663$10,880$10,148$9,464$8,825$8,433
8 years$10,102$9,326$8,606$7,939$7,322$6,945
9 years$8,889$8,120$7,413$6,762$6,166$5,805
10 years$7,919$7,158$6,463$5,829$5,254$4,908
11 years$7,125$6,372$5,690$5,073$4,518$4,188
12 years$6,465$5,719$5,049$4,450$3,915$3,600
13 years$5,906$5,168$4,511$3,929$3,414$3,114
14 years$5,428$4,698$4,053$3,487$2,993$2,707
15 years$5,014$4,292$3,660$3,110$2,635$2,363
16 years$4,652$3,938$3,318$2,785$2,329$2,070
17 years$4,333$3,626$3,019$2,502$2,065$1,819
18 years$4,049$3,351$2,756$2,255$1,836$1,603
19 years$3,796$3,106$2,523$2,037$1,637$1,416
20 years$3,569$2,886$2,316$1,845$1,462$1,253
21 years$3,363$2,688$2,130$1,675$1,308$1,111
22 years$3,176$2,509$1,963$1,523$1,173$986
23 years$3,006$2,347$1,813$1,387$1,053$877
24 years$2,850$2,199$1,676$1,265$946$780
25 years$2,707$2,063$1,553$1,155$851$695
26 years$2,575$1,939$1,440$1,056$767$620
27 years$2,453$1,825$1,337$967$691$553
28 years$2,340$1,720$1,243$886$624$494
29 years$2,235$1,622$1,157$812$563$442
30 years$2,137$1,532$1,077$745$509$395
31 years$2,046$1,448$1,004$685$460$353
32 years$1,961$1,371$937$629$416$316
33 years$1,880$1,298$875$579$377$283
34 years$1,805$1,230$818$532$341$254
35 years$1,734$1,167$764$490$309$227
36 years$1,668$1,107$715$451$280$204
37 years$1,605$1,052$669$416$254$183
38 years$1,545$1,000$627$383$230$164
39 years$1,489$951$587$353$209$147
40 years$1,436$904$550$326$189$132
41 years$1,385$861$516$301$172$118
42 years$1,337$820$484$278$156$106
43 years$1,291$781$454$256$141$95
44 years$1,248$745$426$237$128$85
45 years$1,206$710$400$218$116$77
46 years$1,167$677$376$202$106$69
47 years$1,129$646$353$186$96$62
48 years$1,093$617$332$172$87$56
49 years$1,058$589$312$159$79$50
50 years$1,025$563$293$147$72$45

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 $6,045 every year, while hoping to spend $54,343 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: 55/36/9 Blend
45$1,050,000$1,050,000$1,050,000$1,050,000
46$1,163,335$1,107,685$1,091,410$1,224,443
47$1,224,175$1,104,141$1,070,152$1,262,919
48$1,289,399$1,098,603$1,046,360$1,298,286
49$1,359,397$1,090,913$1,019,893$1,335,491
50$1,434,597$1,080,910$990,601$1,374,716
51$1,515,469$1,068,417$958,328$1,416,166
52$1,602,527$1,053,250$922,913$1,460,068
53$1,696,339$1,035,213$884,184$1,506,677
54$1,797,525$1,014,098$841,965$1,556,274
55$1,906,770$989,686$796,067$1,609,172
56$2,024,823$961,743$746,298$1,665,722
57$2,152,510$930,024$692,454$1,726,311
58$2,290,737$894,266$634,323$1,791,371
59$2,440,502$854,195$571,682$1,861,380
60$2,602,900$809,517$504,300$1,936,873
61$2,779,137$759,925$431,936$2,018,441
62$2,970,538$705,091$354,335$2,106,739
63$3,178,563$644,669$271,234$2,202,498
64$3,404,814$578,296$182,359$2,306,526
65$3,651,057$505,584$87,419$2,419,722
66$3,919,233$426,127$0$2,543,079
67$4,211,481$339,493$0$2,679,036
68$4,530,150$245,227$0$2,836,528
69$4,877,831$142,848$0$3,008,539
70$5,257,372$31,850$0$3,196,602
71$5,671,909$0$0$3,402,418
72$6,124,895$0$0$3,662,845
73$6,620,131$0$0$3,961,450
74$7,161,801$0$0$4,288,149
75$7,754,514$0$0$4,645,735
76$8,403,343$0$0$5,037,281
77$9,113,875$0$0$5,466,171
78$9,892,264$0$0$5,936,133
79$10,745,285$0$0$6,451,273
80$11,680,400$0$0$7,016,110
81$12,705,828$0$0$7,635,626
82$13,830,622$0$0$8,315,304
83$15,064,752$0$0$9,061,186
84$16,419,201$0$0$9,879,926
85$17,906,065$0$0$10,778,855
86$19,538,671$0$0$11,766,046
87$21,331,698$0$0$12,850,395
88$23,301,316$0$0$14,041,699
89$25,465,339$0$0$15,350,755
90$27,843,393$0$0$16,789,454
91$30,457,096$0$0$18,370,897
92$33,330,268$0$0$20,109,518
93$36,489,149$0$0$22,021,220
94$39,962,651$0$0$24,123,522
95$43,782,626$0$0$26,435,727
96$47,984,168$0$0$28,979,102
97$52,605,942$0$0$31,777,080
98$57,690,550$0$0$34,855,478
99$63,284,929$0$0$38,242,743
100$69,440,799$0$0$41,970,216