Can I retire at age 46 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$87,534$86,754$85,993$85,251$84,526$81,820
2 years$43,334$42,527$41,744$40,986$40,250$37,549
3 years$28,602$27,792$27,011$26,260$25,537$22,925
4 years$21,238$20,430$19,657$18,919$18,213$15,711
5 years$16,820$16,017$15,255$14,532$13,845$11,459
6 years$13,876$13,079$12,328$11,621$10,955$8,687
7 years$11,774$10,984$10,245$9,554$8,909$6,760
8 years$10,199$9,415$8,688$8,015$7,391$5,358
9 years$8,974$8,198$7,483$6,827$6,225$4,305
10 years$7,994$7,226$6,524$5,885$5,304$3,496
11 years$7,193$6,433$5,744$5,122$4,561$2,861
12 years$6,526$5,774$5,097$4,492$3,953$2,357
13 years$5,963$5,218$4,554$3,966$3,447$1,951
14 years$5,480$4,743$4,092$3,521$3,021$1,622
15 years$5,062$4,333$3,695$3,140$2,660$1,353
16 years$4,696$3,975$3,350$2,811$2,351$1,132
17 years$4,374$3,661$3,048$2,526$2,085$949
18 years$4,088$3,383$2,782$2,276$1,854$797
19 years$3,832$3,135$2,547$2,057$1,652$670
20 years$3,603$2,913$2,338$1,863$1,476$565
21 years$3,395$2,714$2,150$1,691$1,321$476
22 years$3,206$2,533$1,982$1,537$1,184$402
23 years$3,035$2,369$1,830$1,400$1,063$340
24 years$2,877$2,220$1,692$1,277$955$287
25 years$2,733$2,083$1,567$1,166$859$243
26 years$2,600$1,958$1,454$1,066$774$205
27 years$2,477$1,843$1,350$976$698$174
28 years$2,363$1,736$1,255$894$630$147
29 years$2,256$1,638$1,168$820$569$125
30 years$2,158$1,547$1,088$753$514$106
31 years$2,065$1,462$1,014$691$465$89
32 years$1,979$1,384$946$635$420$76
33 years$1,898$1,310$883$584$380$64
34 years$1,822$1,242$825$537$344$54
35 years$1,751$1,178$772$495$312$46
36 years$1,684$1,118$722$456$283$39
37 years$1,620$1,062$676$420$256$33
38 years$1,560$1,009$633$387$232$28
39 years$1,503$960$593$357$211$24
40 years$1,449$913$556$329$191$20
41 years$1,398$869$521$304$173$17
42 years$1,350$828$489$280$157$15
43 years$1,303$789$459$259$143$12
44 years$1,259$752$430$239$130$10
45 years$1,218$717$404$221$118$9
46 years$1,178$684$380$204$107$8
47 years$1,140$653$357$188$97$6
48 years$1,103$623$335$174$88$5
49 years$1,068$595$315$161$80$5
50 years$1,035$568$296$149$73$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,060,000, adding $3,665 every year, while hoping to spend $57,248 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: 68/26/6 Blend
45$1,060,000$1,060,000$1,060,000$1,060,000
46$1,171,900$1,115,720$1,099,290$1,250,326
47$1,230,523$1,109,479$1,075,205$1,296,501
48$1,293,206$1,101,014$1,048,394$1,339,663
49$1,360,304$1,090,154$1,018,706$1,385,307
50$1,432,204$1,076,721$985,982$1,433,665
51$1,509,332$1,060,524$950,056$1,484,993
52$1,592,155$1,041,361$910,754$1,539,577
53$1,681,186$1,019,018$867,895$1,597,730
54$1,776,987$993,269$821,289$1,659,801
55$1,880,175$963,875$770,738$1,726,175
56$1,991,429$930,582$716,035$1,797,278
57$2,111,495$893,120$656,962$1,873,584
58$2,241,192$851,207$593,294$1,955,614
59$2,381,418$804,541$524,794$2,043,946
60$2,533,164$752,805$451,216$2,139,219
61$2,697,516$695,662$372,301$2,242,141
62$2,875,671$632,757$287,781$2,353,494
63$3,068,941$563,715$197,374$2,474,144
64$3,278,774$488,138$100,787$2,605,047
65$3,506,760$405,607$0$2,747,262
66$3,754,646$315,678$0$2,902,106
67$4,024,358$217,885$0$3,077,622
68$4,318,013$111,732$0$3,268,802
69$4,637,941$0$0$3,477,250
70$4,986,705$0$0$3,705,681
71$5,367,128$0$0$3,989,773
72$5,782,314$0$0$4,299,885
73$6,235,684$0$0$4,638,578
74$6,731,000$0$0$5,008,671
75$7,272,405$0$0$5,413,267
76$7,864,461$0$0$5,855,784
77$8,512,190$0$0$6,339,985
78$9,221,123$0$0$6,870,011
79$9,997,348$0$0$7,450,426
80$10,847,573$0$0$8,086,252
81$11,779,180$0$0$8,783,023
82$12,800,304$0$0$9,546,833
83$13,919,902$0$0$10,384,390
84$15,147,838$0$0$11,303,088
85$16,494,980$0$0$12,311,067
86$17,973,294$0$0$13,417,294
87$19,595,966$0$0$14,631,647
88$21,377,515$0$0$15,965,006
89$23,333,940$0$0$17,429,357
90$25,482,862$0$0$19,037,904
91$27,843,692$0$0$20,805,191
92$30,437,817$0$0$22,747,242
93$33,288,796$0$0$24,881,710
94$36,422,584$0$0$27,228,043
95$39,867,776$0$0$29,807,666
96$43,655,875$0$0$32,644,185
97$47,821,590$0$0$35,763,607
98$52,403,162$0$0$39,194,586
99$57,442,723$0$0$42,968,693
100$62,986,694$0$0$47,120,710