Can I retire at age 46 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$88,360$87,573$86,805$86,055$85,323$83,025
2 years$43,742$42,928$42,138$41,373$40,630$38,331
3 years$28,872$28,054$27,266$26,508$25,777$23,549
4 years$21,438$20,622$19,843$19,097$18,385$16,245
5 years$16,979$16,168$15,399$14,669$13,976$11,930
6 years$14,007$13,203$12,445$11,731$11,059$9,109
7 years$11,885$11,088$10,341$9,644$8,994$7,140
8 years$10,295$9,504$8,770$8,090$7,461$5,703
9 years$9,058$8,275$7,554$6,891$6,283$4,619
10 years$8,070$7,294$6,586$5,940$5,354$3,781
11 years$7,261$6,493$5,798$5,170$4,604$3,121
12 years$6,588$5,828$5,146$4,535$3,990$2,593
13 years$6,019$5,267$4,597$4,003$3,479$2,166
14 years$5,531$4,788$4,131$3,554$3,050$1,817
15 years$5,109$4,373$3,729$3,169$2,685$1,529
16 years$4,741$4,013$3,381$2,838$2,373$1,291
17 years$4,415$3,695$3,077$2,550$2,104$1,093
18 years$4,127$3,415$2,809$2,298$1,871$927
19 years$3,869$3,165$2,571$2,076$1,668$787
20 years$3,637$2,941$2,360$1,880$1,490$670
21 years$3,427$2,739$2,171$1,707$1,333$571
22 years$3,237$2,557$2,000$1,552$1,195$486
23 years$3,063$2,392$1,847$1,413$1,073$415
24 years$2,904$2,241$1,708$1,289$964$354
25 years$2,759$2,103$1,582$1,177$868$303
26 years$2,624$1,976$1,467$1,076$781$259
27 years$2,500$1,860$1,363$985$705$222
28 years$2,385$1,753$1,267$903$636$190
29 years$2,278$1,653$1,179$828$574$162
30 years$2,178$1,561$1,098$760$519$139
31 years$2,085$1,476$1,024$698$469$119
32 years$1,998$1,397$955$641$424$102
33 years$1,916$1,323$892$590$384$87
34 years$1,840$1,254$833$543$348$75
35 years$1,767$1,189$779$499$315$64
36 years$1,699$1,129$729$460$285$55
37 years$1,635$1,072$682$424$259$47
38 years$1,575$1,019$639$391$234$40
39 years$1,517$969$598$360$213$35
40 years$1,463$922$561$332$193$30
41 years$1,411$877$526$306$175$25
42 years$1,362$835$493$283$159$22
43 years$1,316$796$463$261$144$19
44 years$1,271$759$435$241$131$16
45 years$1,229$724$408$223$119$14
46 years$1,189$690$383$206$108$12
47 years$1,150$659$360$190$98$10
48 years$1,113$629$338$176$89$9
49 years$1,078$600$318$162$81$7
50 years$1,045$574$299$150$73$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,070,000, adding $4,034 every year, while hoping to spend $59,027 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: 56/38/6 Blend
45$1,070,000$1,070,000$1,070,000$1,070,000
46$1,183,301$1,126,591$1,110,006$1,247,828
47$1,241,194$1,118,990$1,084,387$1,284,143
48$1,303,013$1,109,038$1,055,931$1,316,715
49$1,369,097$1,096,557$1,024,482$1,350,730
50$1,439,816$1,081,360$989,874$1,386,333
51$1,515,578$1,063,248$951,935$1,423,683
52$1,596,828$1,042,008$910,486$1,462,961
53$1,684,055$1,017,417$865,338$1,504,368
54$1,777,797$989,238$816,295$1,548,129
55$1,878,642$957,220$763,150$1,594,496
56$1,987,238$921,099$705,690$1,643,748
57$2,104,295$880,592$643,690$1,696,198
58$2,230,594$835,402$576,915$1,752,195
59$2,366,994$785,215$505,120$1,812,129
60$2,514,435$729,699$428,050$1,876,432
61$2,673,955$668,502$345,437$1,945,588
62$2,846,693$601,252$257,003$2,020,134
63$3,033,899$527,557$162,456$2,100,669
64$3,236,950$447,001$61,492$2,187,857
65$3,457,361$359,147$0$2,282,438
66$3,696,797$263,530$0$2,388,198
67$3,957,089$159,661$0$2,507,481
68$4,240,252$47,025$0$2,637,385
69$4,548,503$0$0$2,779,061
70$4,884,282$0$0$2,965,115
71$5,250,273$0$0$3,189,429
72$5,649,430$0$0$3,434,163
73$6,085,006$0$0$3,701,321
74$6,560,580$0$0$3,993,110
75$7,080,091$0$0$4,311,961
76$7,647,879$0$0$4,660,549
77$8,268,717$0$0$5,041,819
78$8,947,865$0$0$5,459,014
79$9,691,112$0$0$5,915,705
80$10,504,832$0$0$6,415,825
81$11,396,047$0$0$6,963,704
82$12,372,487$0$0$7,564,110
83$13,442,666$0$0$8,222,296
84$14,615,961$0$0$8,944,047
85$15,902,700$0$0$9,735,733
86$17,314,257$0$0$10,604,371
87$18,863,162$0$0$11,557,693
88$20,563,215$0$0$12,604,210
89$22,429,618$0$0$13,753,303
90$24,479,116$0$0$15,015,303
91$26,730,156$0$0$16,401,590
92$29,203,058$0$0$17,924,702
93$31,920,208$0$0$19,598,452
94$34,906,268$0$0$21,438,055
95$38,188,408$0$0$23,460,275
96$41,796,560$0$0$25,683,581
97$45,763,701$0$0$28,128,321
98$50,126,162$0$0$30,816,912
99$54,923,974$0$0$33,774,054
100$60,201,238$0$0$37,026,959