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

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$88,360$87,573$86,805$86,055$85,323$83,806
2 years$43,742$42,928$42,138$41,373$40,630$39,107
3 years$28,872$28,054$27,266$26,508$25,777$24,296
4 years$21,438$20,622$19,843$19,097$18,385$16,956
5 years$16,979$16,168$15,399$14,669$13,976$12,603
6 years$14,007$13,203$12,445$11,731$11,059$9,744
7 years$11,885$11,088$10,341$9,644$8,994$7,738
8 years$10,295$9,504$8,770$8,090$7,461$6,264
9 years$9,058$8,275$7,554$6,891$6,283$5,144
10 years$8,070$7,294$6,586$5,940$5,354$4,271
11 years$7,261$6,493$5,798$5,170$4,604$3,577
12 years$6,588$5,828$5,146$4,535$3,990$3,017
13 years$6,019$5,267$4,597$4,003$3,479$2,559
14 years$5,531$4,788$4,131$3,554$3,050$2,181
15 years$5,109$4,373$3,729$3,169$2,685$1,865
16 years$4,741$4,013$3,381$2,838$2,373$1,601
17 years$4,415$3,695$3,077$2,550$2,104$1,377
18 years$4,127$3,415$2,809$2,298$1,871$1,188
19 years$3,869$3,165$2,571$2,076$1,668$1,027
20 years$3,637$2,941$2,360$1,880$1,490$889
21 years$3,427$2,739$2,171$1,707$1,333$770
22 years$3,237$2,557$2,000$1,552$1,195$669
23 years$3,063$2,392$1,847$1,413$1,073$581
24 years$2,904$2,241$1,708$1,289$964$505
25 years$2,759$2,103$1,582$1,177$868$440
26 years$2,624$1,976$1,467$1,076$781$383
27 years$2,500$1,860$1,363$985$705$334
28 years$2,385$1,753$1,267$903$636$291
29 years$2,278$1,653$1,179$828$574$254
30 years$2,178$1,561$1,098$760$519$221
31 years$2,085$1,476$1,024$698$469$193
32 years$1,998$1,397$955$641$424$169
33 years$1,916$1,323$892$590$384$147
34 years$1,840$1,254$833$543$348$129
35 years$1,767$1,189$779$499$315$112
36 years$1,699$1,129$729$460$285$98
37 years$1,635$1,072$682$424$259$86
38 years$1,575$1,019$639$391$234$75
39 years$1,517$969$598$360$213$66
40 years$1,463$922$561$332$193$57
41 years$1,411$877$526$306$175$50
42 years$1,362$835$493$283$159$44
43 years$1,316$796$463$261$144$38
44 years$1,271$759$435$241$131$34
45 years$1,229$724$408$223$119$29
46 years$1,189$690$383$206$108$26
47 years$1,150$659$360$190$98$22
48 years$1,113$629$338$176$89$20
49 years$1,078$600$318$162$81$17
50 years$1,045$574$299$150$73$15

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 $5,786 every year, while hoping to spend $47,060 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: 52/33/15 Blend
45$1,070,000$1,070,000$1,070,000$1,070,000
46$1,185,108$1,128,398$1,111,813$1,241,648
47$1,255,918$1,133,618$1,098,988$1,286,203
48$1,332,373$1,137,517$1,084,155$1,329,182
49$1,414,999$1,139,980$1,067,198$1,374,875
50$1,504,375$1,140,885$1,047,996$1,423,552
51$1,601,137$1,140,103$1,026,419$1,475,513
52$1,705,982$1,137,498$1,002,333$1,531,091
53$1,819,680$1,132,923$975,599$1,590,653
54$1,943,075$1,126,224$946,070$1,654,607
55$2,077,097$1,117,237$913,591$1,723,407
56$2,222,768$1,105,789$878,003$1,797,552
57$2,381,212$1,091,694$839,138$1,877,597
58$2,553,666$1,074,758$796,820$1,964,157
59$2,741,492$1,054,773$750,866$2,057,912
60$2,946,189$1,031,521$701,084$2,159,614
61$3,169,403$1,004,769$647,274$2,270,098
62$3,412,951$974,272$589,226$2,390,285
63$3,678,830$939,768$526,722$2,521,196
64$3,969,237$900,983$459,534$2,663,962
65$4,286,593$857,626$387,423$2,819,830
66$4,633,563$809,387$310,139$2,990,183
67$5,013,081$755,942$227,423$3,176,549
68$5,428,377$696,945$139,004$3,380,617
69$5,883,008$632,031$44,597$3,604,257
70$6,380,891$560,817$0$3,849,534
71$6,926,340$482,894$0$4,127,718
72$7,524,103$397,833$0$4,440,546
73$8,179,414$305,179$0$4,783,715
74$8,898,034$204,453$0$5,160,359
75$9,686,309$95,147$0$5,573,939
76$10,551,230$0$0$6,028,276
77$11,500,495$0$0$6,536,037
78$12,542,586$0$0$7,131,489
79$13,686,845$0$0$7,785,434
80$14,943,564$0$0$8,503,767
81$16,324,078$0$0$9,292,983
82$17,840,878$0$0$10,160,237
83$19,507,721$0$0$11,113,411
84$21,339,764$0$0$12,161,188
85$23,353,708$0$0$13,313,137
86$25,567,948$0$0$14,579,797
87$28,002,754$0$0$15,972,780
88$30,680,456$0$0$17,504,883
89$33,625,659$0$0$19,190,200
90$36,865,470$0$0$21,044,264
91$40,429,757$0$0$23,084,188
92$44,351,427$0$0$25,328,825
93$48,666,740$0$0$27,798,953
94$53,415,645$0$0$30,517,461
95$58,642,163$0$0$33,509,572
96$64,394,797$0$0$36,803,078
97$70,726,990$0$0$40,428,600
98$77,697,631$0$0$44,419,880
99$85,371,606$0$0$48,814,100
100$93,820,415$0$0$53,652,227