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%14.9%
1 years$87,534$86,754$85,993$85,251$84,526$82,819
2 years$43,334$42,527$41,744$40,986$40,250$38,539
3 years$28,602$27,792$27,011$26,260$25,537$23,873
4 years$21,238$20,430$19,657$18,919$18,213$16,610
5 years$16,820$16,017$15,255$14,532$13,845$12,308
6 years$13,876$13,079$12,328$11,621$10,955$9,485
7 years$11,774$10,984$10,245$9,554$8,909$7,507
8 years$10,199$9,415$8,688$8,015$7,391$6,056
9 years$8,974$8,198$7,483$6,827$6,225$4,955
10 years$7,994$7,226$6,524$5,885$5,304$4,099
11 years$7,193$6,433$5,744$5,122$4,561$3,420
12 years$6,526$5,774$5,097$4,492$3,953$2,873
13 years$5,963$5,218$4,554$3,966$3,447$2,427
14 years$5,480$4,743$4,092$3,521$3,021$2,060
15 years$5,062$4,333$3,695$3,140$2,660$1,755
16 years$4,696$3,975$3,350$2,811$2,351$1,500
17 years$4,374$3,661$3,048$2,526$2,085$1,285
18 years$4,088$3,383$2,782$2,276$1,854$1,103
19 years$3,832$3,135$2,547$2,057$1,652$949
20 years$3,603$2,913$2,338$1,863$1,476$818
21 years$3,395$2,714$2,150$1,691$1,321$706
22 years$3,206$2,533$1,982$1,537$1,184$610
23 years$3,035$2,369$1,830$1,400$1,063$527
24 years$2,877$2,220$1,692$1,277$955$456
25 years$2,733$2,083$1,567$1,166$859$395
26 years$2,600$1,958$1,454$1,066$774$343
27 years$2,477$1,843$1,350$976$698$297
28 years$2,363$1,736$1,255$894$630$258
29 years$2,256$1,638$1,168$820$569$224
30 years$2,158$1,547$1,088$753$514$194
31 years$2,065$1,462$1,014$691$465$169
32 years$1,979$1,384$946$635$420$147
33 years$1,898$1,310$883$584$380$127
34 years$1,822$1,242$825$537$344$111
35 years$1,751$1,178$772$495$312$96
36 years$1,684$1,118$722$456$283$84
37 years$1,620$1,062$676$420$256$73
38 years$1,560$1,009$633$387$232$63
39 years$1,503$960$593$357$211$55
40 years$1,449$913$556$329$191$48
41 years$1,398$869$521$304$173$42
42 years$1,350$828$489$280$157$36
43 years$1,303$789$459$259$143$32
44 years$1,259$752$430$239$130$27
45 years$1,218$717$404$221$118$24
46 years$1,178$684$380$204$107$21
47 years$1,140$653$357$188$97$18
48 years$1,103$623$335$174$88$16
49 years$1,068$595$315$161$80$14
50 years$1,035$568$296$149$73$12

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 $4,692 every year, while hoping to spend $57,010 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: 80/14/6 Blend
45$1,060,000$1,060,000$1,060,000$1,060,000
46$1,172,960$1,116,780$1,100,350$1,265,886
47$1,231,943$1,110,844$1,076,553$1,321,465
48$1,295,033$1,102,706$1,050,049$1,374,419
49$1,362,586$1,092,199$1,020,686$1,430,788
50$1,434,997$1,079,144$988,306$1,490,884
51$1,512,697$1,063,352$952,744$1,555,050
52$1,596,159$1,044,623$913,828$1,623,662
53$1,685,903$1,022,746$871,377$1,697,137
54$1,782,499$997,494$825,202$1,775,933
55$1,886,575$968,632$775,107$1,860,555
56$1,998,817$935,906$720,884$1,951,561
57$2,119,981$899,051$662,320$2,049,564
58$2,250,900$857,784$599,187$2,155,242
59$2,392,484$811,808$531,252$2,269,341
60$2,545,737$760,807$458,269$2,392,684
61$2,711,763$704,447$379,982$2,526,179
62$2,891,774$642,376$296,122$2,670,828
63$3,087,103$574,221$206,411$2,827,733
64$3,299,217$499,588$110,556$2,998,113
65$3,529,730$418,060$8,252$3,183,309
66$3,780,416$329,198$0$3,384,802
67$4,053,228$232,538$0$3,610,686
68$4,350,313$127,589$0$3,857,285
69$4,674,036$13,832$0$4,126,077
70$5,026,999$0$0$4,419,277
71$5,412,065$0$0$4,756,158
72$5,832,385$0$0$5,126,236
73$6,291,429$0$0$5,530,438
74$6,793,016$0$0$5,972,130
75$7,341,350$0$0$6,455,019
76$7,941,061$0$0$6,983,185
77$8,597,246$0$0$7,561,121
78$9,315,516$0$0$8,193,775
79$10,102,053$0$0$8,886,594
80$10,963,662$0$0$9,645,578
81$11,907,837$0$0$10,477,334
82$12,942,834$0$0$11,389,138
83$14,077,743$0$0$12,389,004
84$15,322,577$0$0$13,485,758
85$16,688,365$0$0$14,689,124
86$18,187,253$0$0$16,009,809
87$19,832,624$0$0$17,459,610
88$21,639,216$0$0$19,051,519
89$23,623,266$0$0$20,799,850
90$25,802,660$0$0$22,720,372
91$28,197,101$0$0$24,830,453
92$30,828,296$0$0$27,149,229
93$33,720,159$0$0$29,697,781
94$36,899,033$0$0$32,499,335
95$40,393,945$0$0$35,579,477
96$44,236,871$0$0$38,966,398
97$48,463,042$0$0$42,691,156
98$53,111,273$0$0$46,787,970
99$58,224,331$0$0$51,294,543
100$63,849,337$0$0$56,252,412