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%18.9%
1 years$89,185$88,391$87,616$86,859$86,121$83,032
2 years$44,151$43,329$42,532$41,759$41,010$37,931
3 years$29,142$28,316$27,521$26,756$26,018$23,047
4 years$21,638$20,815$20,028$19,276$18,557$15,715
5 years$17,138$16,319$15,543$14,806$14,106$11,402
6 years$14,138$13,326$12,561$11,840$11,162$8,597
7 years$11,997$11,191$10,438$9,735$9,078$6,651
8 years$10,391$9,593$8,852$8,166$7,531$5,241
9 years$9,143$8,352$7,625$6,956$6,342$4,186
10 years$8,145$7,362$6,647$5,996$5,404$3,377
11 years$7,329$6,554$5,852$5,218$4,647$2,746
12 years$6,650$5,883$5,194$4,577$4,027$2,247
13 years$6,075$5,316$4,640$4,041$3,512$1,848
14 years$5,583$4,832$4,169$3,587$3,078$1,526
15 years$5,157$4,414$3,764$3,199$2,711$1,264
16 years$4,785$4,050$3,413$2,864$2,396$1,049
17 years$4,457$3,730$3,106$2,574$2,124$873
18 years$4,165$3,447$2,835$2,319$1,889$728
19 years$3,905$3,194$2,595$2,096$1,683$608
20 years$3,671$2,968$2,382$1,898$1,504$508
21 years$3,459$2,765$2,191$1,723$1,346$425
22 years$3,267$2,581$2,019$1,566$1,206$356
23 years$3,092$2,414$1,864$1,426$1,083$298
24 years$2,932$2,262$1,724$1,301$973$250
25 years$2,784$2,122$1,597$1,188$876$210
26 years$2,649$1,995$1,481$1,086$789$176
27 years$2,523$1,877$1,375$994$711$148
28 years$2,407$1,769$1,279$911$642$124
29 years$2,299$1,669$1,190$835$579$104
30 years$2,198$1,576$1,108$767$524$88
31 years$2,104$1,490$1,033$704$473$74
32 years$2,017$1,410$964$647$428$62
33 years$1,934$1,335$900$595$387$52
34 years$1,857$1,265$841$548$351$44
35 years$1,784$1,200$786$504$318$37
36 years$1,715$1,139$736$464$288$31
37 years$1,651$1,082$688$428$261$26
38 years$1,589$1,028$645$394$237$22
39 years$1,531$978$604$364$215$18
40 years$1,477$930$566$335$195$15
41 years$1,424$885$531$309$177$13
42 years$1,375$843$498$285$160$11
43 years$1,328$803$467$264$145$9
44 years$1,283$766$439$243$132$8
45 years$1,241$730$412$225$120$6
46 years$1,200$697$387$208$109$5
47 years$1,161$665$363$192$99$5
48 years$1,124$635$341$177$90$4
49 years$1,088$606$321$164$81$3
50 years$1,054$579$302$151$74$3

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 $3,796 every year, while hoping to spend $28,198 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: 50/23/27 Blend
45$1,080,000$1,080,000$1,080,000$1,080,000
46$1,194,076$1,136,836$1,120,096$1,244,498
47$1,285,869$1,162,538$1,127,616$1,305,795
48$1,386,080$1,188,555$1,134,444$1,369,261
49$1,495,538$1,214,872$1,140,525$1,437,688
50$1,615,155$1,241,472$1,145,805$1,511,560
51$1,745,935$1,268,339$1,150,224$1,591,409
52$1,888,986$1,295,453$1,153,722$1,677,824
53$2,045,523$1,322,792$1,156,233$1,771,452
54$2,216,890$1,350,331$1,157,690$1,873,007
55$2,404,561$1,378,046$1,158,021$1,983,277
56$2,610,164$1,405,908$1,157,152$2,103,130
57$2,835,489$1,433,886$1,155,005$2,233,524
58$3,082,508$1,461,946$1,151,497$2,375,515
59$3,353,394$1,490,051$1,146,542$2,530,266
60$3,650,539$1,518,162$1,140,050$2,699,062
61$3,976,579$1,546,237$1,131,927$2,883,317
62$4,334,415$1,574,228$1,122,072$3,084,592
63$4,727,246$1,602,086$1,110,382$3,304,609
64$5,158,594$1,629,757$1,096,748$3,545,264
65$5,632,338$1,657,182$1,081,056$3,808,649
66$6,152,752$1,684,299$1,063,187$4,097,071
67$6,724,544$1,711,042$1,043,016$4,413,074
68$7,352,903$1,737,338$1,020,412$4,759,461
69$8,043,541$1,763,109$995,237$5,139,325
70$8,802,754$1,788,274$967,350$5,556,075
71$9,637,478$1,812,742$936,600$6,013,468
72$10,555,355$1,836,421$902,830$6,515,650
73$11,564,803$1,859,207$865,876$7,067,188
74$12,675,098$1,880,994$825,568$7,673,120
75$13,896,460$1,901,664$781,727$8,339,000
76$15,240,149$1,921,095$734,164$9,070,949
77$16,718,570$1,939,155$682,685$9,875,717
78$18,345,394$1,955,704$627,085$10,760,746
79$20,135,683$1,970,592$567,151$11,734,239
80$22,106,031$1,983,660$502,659$12,805,240
81$24,274,725$1,994,738$433,377$13,983,717
82$26,661,913$2,003,646$359,061$15,280,663
83$29,289,796$2,010,192$279,457$16,708,192
84$32,182,836$2,014,173$194,300$18,279,661
85$35,367,989$2,015,371$103,313$20,009,792
86$38,874,957$2,013,557$6,207$21,914,816
87$42,736,467$2,008,486$0$24,012,622
88$46,988,584$1,999,899$0$26,350,998
89$51,671,046$1,987,520$0$28,927,348
90$56,827,643$1,971,059$0$31,763,938
91$62,506,626$1,950,204$0$34,887,281
92$68,761,166$1,924,628$0$38,326,594
93$75,649,853$1,893,984$0$42,114,074
94$83,237,251$1,857,901$0$46,285,207
95$91,594,503$1,815,991$0$50,879,098
96$100,800,007$1,767,839$0$55,938,843
97$110,940,153$1,713,009$0$61,511,937
98$122,110,137$1,651,035$0$67,650,721
99$134,414,864$1,581,429$0$74,412,877
100$147,969,933$1,503,671$0$81,861,974