Can I retire at age 46 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$90,011$89,209$88,427$87,664$86,918$86,190
2 years$44,560$43,730$42,926$42,146$41,390$40,656
3 years$29,412$28,578$27,776$27,003$26,259$25,542
4 years$21,839$21,008$20,214$19,454$18,728$18,034
5 years$17,296$16,470$15,687$14,943$14,237$13,567
6 years$14,269$13,449$12,677$11,950$11,265$10,621
7 years$12,108$11,295$10,535$9,825$9,162$8,543
8 years$10,487$9,682$8,934$8,242$7,600$7,007
9 years$9,228$8,430$7,695$7,020$6,401$5,833
10 years$8,220$7,430$6,709$6,051$5,454$4,911
11 years$7,397$6,615$5,906$5,267$4,690$4,173
12 years$6,711$5,937$5,242$4,619$4,065$3,571
13 years$6,131$5,365$4,683$4,078$3,544$3,075
14 years$5,635$4,877$4,208$3,620$3,107$2,661
15 years$5,205$4,455$3,799$3,229$2,736$2,312
16 years$4,829$4,088$3,444$2,891$2,418$2,016
17 years$4,498$3,765$3,134$2,597$2,144$1,763
18 years$4,204$3,479$2,861$2,341$1,906$1,546
19 years$3,941$3,224$2,619$2,115$1,699$1,359
20 years$3,705$2,996$2,404$1,916$1,518$1,196
21 years$3,491$2,790$2,211$1,739$1,358$1,055
22 years$3,297$2,605$2,038$1,581$1,217$932
23 years$3,121$2,436$1,882$1,440$1,093$824
24 years$2,959$2,283$1,740$1,313$982$729
25 years$2,810$2,142$1,612$1,199$884$646
26 years$2,673$2,013$1,495$1,096$796$573
27 years$2,547$1,895$1,388$1,004$718$509
28 years$2,429$1,785$1,290$919$648$452
29 years$2,320$1,684$1,201$843$585$402
30 years$2,219$1,591$1,119$774$528$357
31 years$2,124$1,504$1,043$711$478$318
32 years$2,035$1,423$973$653$432$283
33 years$1,952$1,347$908$601$391$252
34 years$1,874$1,277$849$553$354$224
35 years$1,800$1,211$794$509$321$200
36 years$1,731$1,150$742$469$291$178
37 years$1,666$1,092$695$432$263$159
38 years$1,604$1,038$651$398$239$141
39 years$1,546$987$610$367$217$126
40 years$1,490$939$571$338$196$112
41 years$1,438$894$536$312$178$100
42 years$1,388$851$503$288$162$89
43 years$1,340$811$472$266$147$80
44 years$1,295$773$443$246$133$71
45 years$1,252$737$416$227$121$63
46 years$1,211$703$390$210$110$57
47 years$1,172$671$367$194$100$51
48 years$1,134$641$345$179$91$45
49 years$1,098$612$324$165$82$40
50 years$1,064$584$305$153$75$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,090,000, adding $5,711 every year, while hoping to spend $24,669 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: 56/34/10 Blend
45$1,090,000$1,090,000$1,090,000$1,090,000
46$1,207,071$1,149,301$1,132,406$1,271,397
47$1,303,945$1,179,369$1,144,094$1,345,591
48$1,409,872$1,210,084$1,155,347$1,423,142
49$1,525,752$1,241,451$1,166,123$1,507,021
50$1,652,572$1,273,475$1,176,382$1,597,834
51$1,791,420$1,306,160$1,186,076$1,696,249
52$1,943,494$1,339,512$1,195,159$1,803,003
53$2,110,115$1,373,532$1,203,581$1,918,907
54$2,292,735$1,408,223$1,211,289$2,044,851
55$2,492,955$1,443,587$1,218,228$2,181,820
56$2,712,537$1,479,624$1,224,340$2,330,896
57$2,953,424$1,516,334$1,229,564$2,493,269
58$3,217,754$1,553,715$1,233,835$2,670,253
59$3,507,883$1,591,765$1,237,087$2,863,294
60$3,826,406$1,630,480$1,239,247$3,073,985
61$4,176,180$1,669,855$1,240,243$3,304,079
62$4,560,355$1,709,882$1,239,996$3,555,510
63$4,982,399$1,750,555$1,238,424$3,830,407
64$5,446,134$1,791,862$1,235,441$4,131,116
65$5,955,769$1,833,792$1,230,957$4,460,222
66$6,515,942$1,876,332$1,224,879$4,820,571
67$7,131,761$1,919,466$1,217,106$5,215,302
68$7,808,858$1,963,177$1,207,536$5,647,871
69$8,553,432$2,007,443$1,196,059$6,122,086
70$9,372,317$2,052,243$1,182,561$6,642,146
71$10,273,040$2,097,550$1,166,925$7,212,674
72$11,263,898$2,143,337$1,149,024$7,838,767
73$12,354,027$2,189,572$1,128,728$8,526,038
74$13,553,498$2,236,221$1,105,900$9,280,677
75$14,873,404$2,283,246$1,080,398$10,109,501
76$16,325,971$2,330,605$1,052,071$11,020,025
77$17,924,667$2,378,251$1,020,762$12,020,527
78$19,684,334$2,426,136$986,308$13,120,132
79$21,621,324$2,474,205$948,538$14,328,895
80$23,753,657$2,522,399$907,272$15,657,896
81$26,101,187$2,570,653$862,322$17,119,346
82$28,685,791$2,618,899$813,493$18,726,701
83$31,531,578$2,667,060$760,581$20,494,790
84$34,665,109$2,715,057$703,371$22,439,955
85$38,115,655$2,762,800$641,639$24,580,206
86$41,915,471$2,810,196$575,153$26,935,388
87$46,100,096$2,857,143$503,668$29,527,374
88$50,708,695$2,903,531$426,929$32,380,267
89$55,784,422$2,949,244$344,671$35,520,629
90$61,374,831$2,994,155$256,616$38,977,735
91$67,532,325$3,038,130$162,473$42,783,843
92$74,314,646$3,081,023$61,941$46,974,507
93$81,785,426$3,122,679$0$51,588,907
94$90,014,783$3,162,933$0$56,675,058
95$99,079,982$3,201,608$0$62,283,074
96$109,066,167$3,238,514$0$68,458,816
97$120,067,164$3,273,450$0$75,260,112
98$132,186,365$3,306,199$0$82,750,691
99$145,537,703$3,336,531$0$91,000,782
100$160,246,730$3,364,203$0$100,087,778