Can I retire at age 46 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$89,185$88,391$87,616$86,859$86,121$84,764
2 years$44,151$43,329$42,532$41,759$41,010$39,646
3 years$29,142$28,316$27,521$26,756$26,018$24,691
4 years$21,638$20,815$20,028$19,276$18,557$17,275
5 years$17,138$16,319$15,543$14,806$14,106$12,874
6 years$14,138$13,326$12,561$11,840$11,162$9,981
7 years$11,997$11,191$10,438$9,735$9,078$7,948
8 years$10,391$9,593$8,852$8,166$7,531$6,453
9 years$9,143$8,352$7,625$6,956$6,342$5,315
10 years$8,145$7,362$6,647$5,996$5,404$4,426
11 years$7,329$6,554$5,852$5,218$4,647$3,719
12 years$6,650$5,883$5,194$4,577$4,027$3,147
13 years$6,075$5,316$4,640$4,041$3,512$2,678
14 years$5,583$4,832$4,169$3,587$3,078$2,289
15 years$5,157$4,414$3,764$3,199$2,711$1,965
16 years$4,785$4,050$3,413$2,864$2,396$1,692
17 years$4,457$3,730$3,106$2,574$2,124$1,462
18 years$4,165$3,447$2,835$2,319$1,889$1,265
19 years$3,905$3,194$2,595$2,096$1,683$1,097
20 years$3,671$2,968$2,382$1,898$1,504$953
21 years$3,459$2,765$2,191$1,723$1,346$830
22 years$3,267$2,581$2,019$1,566$1,206$723
23 years$3,092$2,414$1,864$1,426$1,083$630
24 years$2,932$2,262$1,724$1,301$973$550
25 years$2,784$2,122$1,597$1,188$876$481
26 years$2,649$1,995$1,481$1,086$789$420
27 years$2,523$1,877$1,375$994$711$368
28 years$2,407$1,769$1,279$911$642$322
29 years$2,299$1,669$1,190$835$579$282
30 years$2,198$1,576$1,108$767$524$247
31 years$2,104$1,490$1,033$704$473$217
32 years$2,017$1,410$964$647$428$190
33 years$1,934$1,335$900$595$387$167
34 years$1,857$1,265$841$548$351$146
35 years$1,784$1,200$786$504$318$128
36 years$1,715$1,139$736$464$288$112
37 years$1,651$1,082$688$428$261$99
38 years$1,589$1,028$645$394$237$87
39 years$1,531$978$604$364$215$76
40 years$1,477$930$566$335$195$67
41 years$1,424$885$531$309$177$59
42 years$1,375$843$498$285$160$52
43 years$1,328$803$467$264$145$45
44 years$1,283$766$439$243$132$40
45 years$1,241$730$412$225$120$35
46 years$1,200$697$387$208$109$31
47 years$1,161$665$363$192$99$27
48 years$1,124$635$341$177$90$24
49 years$1,088$606$321$164$81$21
50 years$1,054$579$302$151$74$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,080,000, adding $2,452 every year, while hoping to spend $57,750 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: 58/26/16 Blend
45$1,080,000$1,080,000$1,080,000$1,080,000
46$1,192,689$1,135,449$1,118,709$1,256,796
47$1,252,898$1,129,641$1,094,740$1,294,674
48$1,317,312$1,121,612$1,068,033$1,329,389
49$1,386,301$1,111,193$1,038,435$1,365,902
50$1,460,266$1,098,205$1,005,785$1,404,395
51$1,539,652$1,082,456$969,918$1,445,073
52$1,624,945$1,063,744$930,658$1,488,162
53$1,716,676$1,041,854$887,822$1,533,915
54$1,815,433$1,016,561$841,220$1,582,612
55$1,921,858$987,624$790,652$1,634,566
56$2,036,659$954,788$735,909$1,690,125
57$2,160,610$917,784$676,774$1,749,677
58$2,294,564$876,328$613,019$1,813,650
59$2,439,460$830,118$544,405$1,882,522
60$2,596,327$778,836$470,684$1,956,825
61$2,766,297$722,144$391,597$2,037,147
62$2,950,616$659,686$306,873$2,124,143
63$3,150,654$591,086$216,228$2,218,538
64$3,367,917$515,945$119,368$2,321,139
65$3,604,061$433,843$15,983$2,432,838
66$3,860,910$344,336$0$2,554,626
67$4,140,468$246,953$0$2,703,710
68$4,444,941$141,200$0$2,869,157
69$4,776,759$26,552$0$3,049,645
70$5,138,593$0$0$3,246,732
71$5,533,384$0$0$3,490,044
72$5,964,369$0$0$3,764,042
73$6,435,111$0$0$4,063,406
74$6,949,535$0$0$4,390,640
75$7,511,958$0$0$4,748,505
76$8,127,135$0$0$5,140,038
77$8,800,303$0$0$5,568,583
78$9,537,226$0$0$6,037,824
79$10,344,253$0$0$6,551,816
80$11,228,375$0$0$7,115,028
81$12,197,292$0$0$7,732,377
82$13,259,481$0$0$8,409,281
83$14,424,284$0$0$9,151,708
84$15,701,984$0$0$9,966,230
85$17,103,913$0$0$10,860,087
86$18,642,548$0$0$11,841,251
87$20,331,637$0$0$12,918,508
88$22,186,320$0$0$14,101,533
89$24,223,278$0$0$15,400,984
90$26,460,885$0$0$16,828,603
91$28,919,384$0$0$18,397,327
92$31,621,073$0$0$20,121,405
93$34,590,519$0$0$22,016,536
94$37,854,789$0$0$24,100,018
95$41,443,698$0$0$26,390,905
96$45,390,100$0$0$28,910,192
97$49,730,188$0$0$31,681,011
98$54,503,839$0$0$34,728,845
99$59,754,990$0$0$38,081,773
100$65,532,048$0$0$41,770,734