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%14.8%
1 years$86,708$85,936$85,182$84,447$83,728$82,072
2 years$42,925$42,125$41,351$40,599$39,871$38,208
3 years$28,332$27,529$26,757$26,012$25,296$23,680
4 years$21,037$20,237$19,472$18,740$18,041$16,484
5 years$16,662$15,866$15,111$14,394$13,715$12,221
6 years$13,745$12,956$12,212$11,511$10,852$9,423
7 years$11,663$10,880$10,148$9,464$8,825$7,462
8 years$10,102$9,326$8,606$7,939$7,322$6,023
9 years$8,889$8,120$7,413$6,762$6,166$4,931
10 years$7,919$7,158$6,463$5,829$5,254$4,082
11 years$7,125$6,372$5,690$5,073$4,518$3,408
12 years$6,465$5,719$5,049$4,450$3,915$2,865
13 years$5,906$5,168$4,511$3,929$3,414$2,422
14 years$5,428$4,698$4,053$3,487$2,993$2,057
15 years$5,014$4,292$3,660$3,110$2,635$1,753
16 years$4,652$3,938$3,318$2,785$2,329$1,499
17 years$4,333$3,626$3,019$2,502$2,065$1,286
18 years$4,049$3,351$2,756$2,255$1,836$1,105
19 years$3,796$3,106$2,523$2,037$1,637$951
20 years$3,569$2,886$2,316$1,845$1,462$820
21 years$3,363$2,688$2,130$1,675$1,308$708
22 years$3,176$2,509$1,963$1,523$1,173$612
23 years$3,006$2,347$1,813$1,387$1,053$530
24 years$2,850$2,199$1,676$1,265$946$459
25 years$2,707$2,063$1,553$1,155$851$398
26 years$2,575$1,939$1,440$1,056$767$345
27 years$2,453$1,825$1,337$967$691$300
28 years$2,340$1,720$1,243$886$624$260
29 years$2,235$1,622$1,157$812$563$226
30 years$2,137$1,532$1,077$745$509$196
31 years$2,046$1,448$1,004$685$460$171
32 years$1,961$1,371$937$629$416$148
33 years$1,880$1,298$875$579$377$129
34 years$1,805$1,230$818$532$341$112
35 years$1,734$1,167$764$490$309$98
36 years$1,668$1,107$715$451$280$85
37 years$1,605$1,052$669$416$254$74
38 years$1,545$1,000$627$383$230$64
39 years$1,489$951$587$353$209$56
40 years$1,436$904$550$326$189$49
41 years$1,385$861$516$301$172$42
42 years$1,337$820$484$278$156$37
43 years$1,291$781$454$256$141$32
44 years$1,248$745$426$237$128$28
45 years$1,206$710$400$218$116$24
46 years$1,167$677$376$202$106$21
47 years$1,129$646$353$186$96$19
48 years$1,093$617$332$172$87$16
49 years$1,058$589$312$159$79$14
50 years$1,025$563$293$147$72$12

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 $4,582 every year, while hoping to spend $40,048 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: 65/23/12 Blend
45$1,050,000$1,050,000$1,050,000$1,050,000
46$1,161,826$1,106,176$1,089,901$1,233,887
47$1,237,722$1,117,768$1,083,802$1,294,154
48$1,320,016$1,128,586$1,076,157$1,354,873
49$1,409,321$1,138,549$1,066,870$1,420,206
50$1,506,306$1,147,572$1,055,845$1,490,603
51$1,611,710$1,155,565$1,042,977$1,566,557
52$1,726,346$1,162,429$1,028,158$1,648,613
53$1,851,108$1,168,062$1,011,276$1,737,373
54$1,986,978$1,172,355$992,211$1,833,500
55$2,135,040$1,175,190$970,840$1,937,727
56$2,296,484$1,176,444$947,033$2,050,859
57$2,472,621$1,175,985$920,654$2,173,788
58$2,664,893$1,173,673$891,561$2,307,496
59$2,874,889$1,169,360$859,605$2,453,067
60$3,104,357$1,162,889$824,631$2,611,695
61$3,355,222$1,154,091$786,477$2,784,699
62$3,629,604$1,142,790$744,973$2,973,534
63$3,929,835$1,128,798$699,941$3,179,803
64$4,258,485$1,111,916$651,196$3,405,276
65$4,618,383$1,091,933$598,544$3,651,905
66$5,012,645$1,068,625$541,782$3,921,844
67$5,444,702$1,041,755$480,699$4,217,465
68$5,918,333$1,011,072$415,074$4,541,389
69$6,437,700$976,312$344,676$4,896,505
70$7,007,387$937,193$269,264$5,285,997
71$7,632,443$893,417$188,587$5,713,381
72$8,318,429$844,672$102,382$6,182,531
73$9,071,472$790,623$10,374$6,697,722
74$9,898,318$730,920$0$7,263,667
75$10,806,401$665,190$0$7,896,807
76$11,803,911$593,041$0$8,593,780
77$12,899,867$514,057$0$9,359,617
78$14,104,207$427,800$0$10,201,330
79$15,427,879$333,805$0$11,126,650
80$16,882,945$231,583$0$12,144,096
81$18,482,692$120,618$0$13,263,064
82$20,241,761$362$0$14,493,908
83$22,176,280$0$0$15,848,040
84$24,304,021$0$0$17,370,887
85$26,644,563$0$0$19,046,217
86$29,219,479$0$0$20,889,392
87$32,052,536$0$0$22,917,435
88$35,169,925$0$0$25,149,103
89$38,600,500$0$0$27,605,067
90$42,376,057$0$0$30,308,097
91$46,531,626$0$0$33,283,286
92$51,105,810$0$0$36,558,283
93$56,141,141$0$0$40,163,554
94$61,684,486$0$0$44,132,666
95$67,787,486$0$0$48,502,609
96$74,507,044$0$0$53,314,141
97$81,905,862$0$0$58,612,174
98$90,053,031$0$0$64,446,196
99$99,024,684$0$0$70,870,738
100$108,904,712$0$0$77,945,892