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

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$89,185$88,391$87,616$86,859$86,121$82,736
2 years$44,151$43,329$42,532$41,759$41,010$37,642
3 years$29,142$28,316$27,521$26,756$26,018$22,772
4 years$21,638$20,815$20,028$19,276$18,557$15,457
5 years$17,138$16,319$15,543$14,806$14,106$11,162
6 years$14,138$13,326$12,561$11,840$11,162$8,374
7 years$11,997$11,191$10,438$9,735$9,078$6,446
8 years$10,391$9,593$8,852$8,166$7,531$5,052
9 years$9,143$8,352$7,625$6,956$6,342$4,012
10 years$8,145$7,362$6,647$5,996$5,404$3,219
11 years$7,329$6,554$5,852$5,218$4,647$2,602
12 years$6,650$5,883$5,194$4,577$4,027$2,117
13 years$6,075$5,316$4,640$4,041$3,512$1,730
14 years$5,583$4,832$4,169$3,587$3,078$1,419
15 years$5,157$4,414$3,764$3,199$2,711$1,168
16 years$4,785$4,050$3,413$2,864$2,396$964
17 years$4,457$3,730$3,106$2,574$2,124$797
18 years$4,165$3,447$2,835$2,319$1,889$660
19 years$3,905$3,194$2,595$2,096$1,683$547
20 years$3,671$2,968$2,382$1,898$1,504$454
21 years$3,459$2,765$2,191$1,723$1,346$377
22 years$3,267$2,581$2,019$1,566$1,206$314
23 years$3,092$2,414$1,864$1,426$1,083$261
24 years$2,932$2,262$1,724$1,301$973$217
25 years$2,784$2,122$1,597$1,188$876$181
26 years$2,649$1,995$1,481$1,086$789$151
27 years$2,523$1,877$1,375$994$711$126
28 years$2,407$1,769$1,279$911$642$105
29 years$2,299$1,669$1,190$835$579$87
30 years$2,198$1,576$1,108$767$524$73
31 years$2,104$1,490$1,033$704$473$61
32 years$2,017$1,410$964$647$428$51
33 years$1,934$1,335$900$595$387$42
34 years$1,857$1,265$841$548$351$35
35 years$1,784$1,200$786$504$318$29
36 years$1,715$1,139$736$464$288$25
37 years$1,651$1,082$688$428$261$21
38 years$1,589$1,028$645$394$237$17
39 years$1,531$978$604$364$215$14
40 years$1,477$930$566$335$195$12
41 years$1,424$885$531$309$177$10
42 years$1,375$843$498$285$160$8
43 years$1,328$803$467$264$145$7
44 years$1,283$766$439$243$132$6
45 years$1,241$730$412$225$120$5
46 years$1,200$697$387$208$109$4
47 years$1,161$665$363$192$99$3
48 years$1,124$635$341$177$90$3
49 years$1,088$606$321$164$81$2
50 years$1,054$579$302$151$74$2

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 $4,375 every year, while hoping to spend $54,409 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: 58/19/23 Blend
45$1,080,000$1,080,000$1,080,000$1,080,000
46$1,194,673$1,137,433$1,120,693$1,256,339
47$1,258,639$1,135,276$1,100,345$1,296,711
48$1,327,306$1,131,190$1,077,493$1,334,492
49$1,401,095$1,125,024$1,051,993$1,374,509
50$1,480,472$1,116,614$1,023,699$1,416,989
51$1,565,943$1,105,791$992,456$1,462,187
52$1,658,067$1,092,374$958,102$1,510,387
53$1,757,460$1,076,169$920,468$1,561,901
54$1,864,793$1,056,974$879,376$1,617,078
55$1,980,809$1,034,573$834,642$1,676,305
56$2,106,321$1,008,737$786,073$1,740,011
57$2,242,225$979,224$733,465$1,808,672
58$2,389,505$945,779$676,609$1,882,815
59$2,549,242$908,129$615,283$1,963,027
60$2,722,627$865,990$549,257$2,049,955
61$2,910,967$819,056$478,290$2,144,319
62$3,115,704$767,007$402,130$2,246,916
63$3,338,419$709,505$320,515$2,358,627
64$3,580,857$646,189$233,171$2,480,430
65$3,844,933$576,681$139,812$2,613,407
66$4,132,759$500,581$40,138$2,758,755
67$4,446,655$417,465$0$2,917,802
68$4,789,178$326,884$0$3,108,267
69$5,163,141$228,368$0$3,327,089
70$5,571,640$121,417$0$3,566,286
71$6,018,085$5,504$0$3,827,931
72$6,506,228$0$0$4,114,313
73$7,040,202$0$0$4,453,029
74$7,624,558$0$0$4,825,052
75$8,264,304$0$0$5,232,432
76$8,964,959$0$0$5,678,694
77$9,732,599$0$0$6,167,721
78$10,573,913$0$0$6,703,788
79$11,496,273$0$0$7,291,602
80$12,507,793$0$0$7,936,350
81$13,617,414$0$0$8,643,744
82$14,834,982$0$0$9,420,076
83$16,171,342$0$0$10,272,276
84$17,638,442$0$0$11,207,977
85$19,249,441$0$0$12,235,590
86$21,018,835$0$0$13,364,379
87$22,962,596$0$0$14,604,547
88$25,098,315$0$0$15,967,338
89$27,445,374$0$0$17,465,137
90$30,025,124$0$0$19,111,590
91$32,861,089$0$0$20,921,728
92$35,979,185$0$0$22,912,115
93$39,407,964$0$0$25,100,996
94$43,178,883$0$0$27,508,477
95$47,326,603$0$0$30,156,706
96$51,889,309$0$0$33,070,090
97$56,909,077$0$0$36,275,517
98$62,432,262$0$0$39,802,614
99$68,509,945$0$0$43,684,025
100$75,198,403$0$0$47,955,719