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

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$87,534$86,754$85,993$85,251$84,526$81,755
2 years$43,334$42,527$41,744$40,986$40,250$37,485
3 years$28,602$27,792$27,011$26,260$25,537$22,864
4 years$21,238$20,430$19,657$18,919$18,213$15,653
5 years$16,820$16,017$15,255$14,532$13,845$11,405
6 years$13,876$13,079$12,328$11,621$10,955$8,637
7 years$11,774$10,984$10,245$9,554$8,909$6,713
8 years$10,199$9,415$8,688$8,015$7,391$5,314
9 years$8,974$8,198$7,483$6,827$6,225$4,265
10 years$7,994$7,226$6,524$5,885$5,304$3,459
11 years$7,193$6,433$5,744$5,122$4,561$2,827
12 years$6,526$5,774$5,097$4,492$3,953$2,326
13 years$5,963$5,218$4,554$3,966$3,447$1,923
14 years$5,480$4,743$4,092$3,521$3,021$1,597
15 years$5,062$4,333$3,695$3,140$2,660$1,330
16 years$4,696$3,975$3,350$2,811$2,351$1,111
17 years$4,374$3,661$3,048$2,526$2,085$930
18 years$4,088$3,383$2,782$2,276$1,854$780
19 years$3,832$3,135$2,547$2,057$1,652$655
20 years$3,603$2,913$2,338$1,863$1,476$551
21 years$3,395$2,714$2,150$1,691$1,321$464
22 years$3,206$2,533$1,982$1,537$1,184$391
23 years$3,035$2,369$1,830$1,400$1,063$330
24 years$2,877$2,220$1,692$1,277$955$278
25 years$2,733$2,083$1,567$1,166$859$235
26 years$2,600$1,958$1,454$1,066$774$198
27 years$2,477$1,843$1,350$976$698$168
28 years$2,363$1,736$1,255$894$630$142
29 years$2,256$1,638$1,168$820$569$120
30 years$2,158$1,547$1,088$753$514$101
31 years$2,065$1,462$1,014$691$465$86
32 years$1,979$1,384$946$635$420$72
33 years$1,898$1,310$883$584$380$61
34 years$1,822$1,242$825$537$344$52
35 years$1,751$1,178$772$495$312$44
36 years$1,684$1,118$722$456$283$37
37 years$1,620$1,062$676$420$256$31
38 years$1,560$1,009$633$387$232$27
39 years$1,503$960$593$357$211$23
40 years$1,449$913$556$329$191$19
41 years$1,398$869$521$304$173$16
42 years$1,350$828$489$280$157$14
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$8
46 years$1,178$684$380$204$107$7
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$4
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 $4,122 every year, while hoping to spend $53,456 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: 48/39/13 Blend
45$1,060,000$1,060,000$1,060,000$1,060,000
46$1,172,372$1,116,192$1,099,762$1,224,234
47$1,235,077$1,114,008$1,079,727$1,258,244
48$1,302,386$1,109,927$1,057,230$1,289,286
49$1,374,713$1,103,796$1,032,130$1,321,797
50$1,452,512$1,095,460$1,004,284$1,355,936
51$1,536,279$1,084,748$973,538$1,391,874
52$1,626,562$1,071,484$939,735$1,429,809
53$1,723,962$1,055,477$902,706$1,469,958
54$1,829,138$1,036,528$862,280$1,512,565
55$1,942,817$1,014,424$818,272$1,557,902
56$2,065,795$988,941$770,495$1,606,274
57$2,198,948$959,841$718,748$1,658,021
58$2,343,239$926,872$662,825$1,713,520
59$2,499,728$889,768$602,509$1,773,196
60$2,669,580$848,246$537,572$1,837,517
61$2,854,075$802,008$467,779$1,907,008
62$3,054,623$750,739$392,882$1,982,253
63$3,272,774$694,104$312,623$2,063,900
64$3,510,233$631,752$226,732$2,152,671
65$3,768,878$563,309$134,929$2,249,369
66$4,050,774$488,381$36,919$2,354,885
67$4,358,194$406,553$0$2,470,211
68$4,693,638$317,383$0$2,605,835
69$5,059,862$220,407$0$2,759,667
70$5,459,896$115,135$0$2,927,981
71$5,897,077$1,048$0$3,112,332
72$6,375,079$0$0$3,314,439
73$6,897,948$0$0$3,588,733
74$7,470,136$0$0$3,889,507
75$8,096,548$0$0$4,218,904
76$8,782,584$0$0$4,579,779
77$9,534,192$0$0$4,975,275
78$10,357,921$0$0$5,408,855
79$11,260,985$0$0$5,884,332
80$12,251,328$0$0$6,405,907
81$13,337,700$0$0$6,978,206
82$14,529,739$0$0$7,606,325
83$15,838,062$0$0$8,295,876
84$17,274,361$0$0$9,053,044
85$18,851,519$0$0$9,884,639
86$20,583,725$0$0$10,798,164
87$22,486,610$0$0$11,801,885
88$24,577,395$0$0$12,904,909
89$26,875,050$0$0$14,117,267
90$29,400,475$0$0$15,450,011
91$32,176,695$0$0$16,915,318
92$35,229,077$0$0$18,526,602
93$38,585,567$0$0$20,298,644
94$42,276,958$0$0$22,247,727
95$46,337,175$0$0$24,391,794
96$50,803,594$0$0$26,750,612
97$55,717,399$0$0$29,345,961
98$61,123,965$0$0$32,201,839
99$67,073,288$0$0$35,344,688
100$73,620,454$0$0$38,803,644