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%11.2%
1 years$88,360$87,573$86,805$86,055$85,323$84,892
2 years$43,742$42,928$42,138$41,373$40,630$40,195
3 years$28,872$28,054$27,266$26,508$25,777$25,352
4 years$21,438$20,622$19,843$19,097$18,385$17,972
5 years$16,979$16,168$15,399$14,669$13,976$13,577
6 years$14,007$13,203$12,445$11,731$11,059$10,674
7 years$11,885$11,088$10,341$9,644$8,994$8,624
8 years$10,295$9,504$8,770$8,090$7,461$7,106
9 years$9,058$8,275$7,554$6,891$6,283$5,943
10 years$8,070$7,294$6,586$5,940$5,354$5,028
11 years$7,261$6,493$5,798$5,170$4,604$4,293
12 years$6,588$5,828$5,146$4,535$3,990$3,693
13 years$6,019$5,267$4,597$4,003$3,479$3,196
14 years$5,531$4,788$4,131$3,554$3,050$2,780
15 years$5,109$4,373$3,729$3,169$2,685$2,428
16 years$4,741$4,013$3,381$2,838$2,373$2,129
17 years$4,415$3,695$3,077$2,550$2,104$1,872
18 years$4,127$3,415$2,809$2,298$1,871$1,651
19 years$3,869$3,165$2,571$2,076$1,668$1,459
20 years$3,637$2,941$2,360$1,880$1,490$1,292
21 years$3,427$2,739$2,171$1,707$1,333$1,146
22 years$3,237$2,557$2,000$1,552$1,195$1,019
23 years$3,063$2,392$1,847$1,413$1,073$906
24 years$2,904$2,241$1,708$1,289$964$807
25 years$2,759$2,103$1,582$1,177$868$720
26 years$2,624$1,976$1,467$1,076$781$642
27 years$2,500$1,860$1,363$985$705$574
28 years$2,385$1,753$1,267$903$636$513
29 years$2,278$1,653$1,179$828$574$459
30 years$2,178$1,561$1,098$760$519$410
31 years$2,085$1,476$1,024$698$469$368
32 years$1,998$1,397$955$641$424$329
33 years$1,916$1,323$892$590$384$295
34 years$1,840$1,254$833$543$348$265
35 years$1,767$1,189$779$499$315$237
36 years$1,699$1,129$729$460$285$213
37 years$1,635$1,072$682$424$259$191
38 years$1,575$1,019$639$391$234$171
39 years$1,517$969$598$360$213$154
40 years$1,463$922$561$332$193$138
41 years$1,411$877$526$306$175$124
42 years$1,362$835$493$283$159$111
43 years$1,316$796$463$261$144$100
44 years$1,271$759$435$241$131$90
45 years$1,229$724$408$223$119$81
46 years$1,189$690$383$206$108$73
47 years$1,150$659$360$190$98$65
48 years$1,113$629$338$176$89$59
49 years$1,078$600$318$162$81$53
50 years$1,045$574$299$150$73$47

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 $6,777 every year, while hoping to spend $48,549 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: 79/7/14 Blend
45$1,070,000$1,070,000$1,070,000$1,070,000
46$1,186,130$1,129,420$1,112,835$1,275,951
47$1,255,460$1,133,106$1,098,460$1,339,700
48$1,330,234$1,135,346$1,081,975$1,402,721
49$1,410,957$1,136,016$1,063,260$1,470,486
50$1,498,182$1,134,988$1,042,187$1,543,452
51$1,592,518$1,132,124$1,018,621$1,622,117
52$1,694,634$1,127,278$992,425$1,707,035
53$1,805,266$1,120,294$963,450$1,798,812
54$1,925,223$1,111,008$931,545$1,898,120
55$2,055,393$1,099,245$896,550$2,005,696
56$2,196,756$1,084,820$858,297$2,122,354
57$2,350,386$1,067,538$816,611$2,248,992
58$2,517,468$1,047,190$771,310$2,386,598
59$2,699,303$1,023,556$722,203$2,536,263
60$2,897,325$996,403$669,090$2,699,187
61$3,113,110$965,485$611,762$2,876,696
62$3,348,394$930,540$550,002$3,070,250
63$3,605,085$891,291$483,582$3,281,457
64$3,885,286$847,447$412,264$3,512,093
65$4,191,310$798,697$335,801$3,764,114
66$4,525,706$744,715$253,932$4,039,674
67$4,891,277$685,155$166,387$4,341,153
68$5,291,110$619,650$72,884$4,671,169
69$5,728,605$547,815$0$5,032,612
70$6,207,506$469,241$0$5,432,684
71$6,731,934$383,496$0$5,882,759
72$7,306,428$290,125$0$6,375,854
73$7,935,987$188,645$0$6,916,286
74$8,626,117$78,548$0$7,508,811
75$9,382,882$0$0$8,158,668
76$10,212,958$0$0$8,874,764
77$11,123,703$0$0$9,667,122
78$12,123,217$0$0$10,536,746
79$13,220,427$0$0$11,491,403
80$14,425,162$0$0$12,539,653
81$15,748,252$0$0$13,690,923
82$17,201,626$0$0$14,955,597
83$18,798,427$0$0$16,345,116
84$20,553,132$0$0$17,872,084
85$22,481,690$0$0$19,550,385
86$24,601,674$0$0$21,395,316
87$26,932,442$0$0$23,423,730
88$29,495,322$0$0$25,654,195
89$32,313,813$0$0$28,107,166
90$35,413,804$0$0$30,805,181
91$38,823,820$0$0$33,773,073
92$42,575,288$0$0$37,038,202
93$46,702,836$0$0$40,630,713
94$51,244,618$0$0$44,583,820
95$56,242,671$0$0$48,934,120
96$61,743,315$0$0$53,721,938
97$67,797,587$0$0$58,991,704
98$74,461,724$0$0$64,792,375
99$81,797,689$0$0$71,177,895
100$89,873,760$0$0$78,207,705