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%12.3%
1 years$90,011$89,209$88,427$87,664$86,918$86,082
2 years$44,560$43,730$42,926$42,146$41,390$40,547
3 years$29,412$28,578$27,776$27,003$26,259$25,437
4 years$21,839$21,008$20,214$19,454$18,728$17,932
5 years$17,296$16,470$15,687$14,943$14,237$13,470
6 years$14,269$13,449$12,677$11,950$11,265$10,527
7 years$12,108$11,295$10,535$9,825$9,162$8,454
8 years$10,487$9,682$8,934$8,242$7,600$6,922
9 years$9,228$8,430$7,695$7,020$6,401$5,752
10 years$8,220$7,430$6,709$6,051$5,454$4,835
11 years$7,397$6,615$5,906$5,267$4,690$4,100
12 years$6,711$5,937$5,242$4,619$4,065$3,502
13 years$6,131$5,365$4,683$4,078$3,544$3,010
14 years$5,635$4,877$4,208$3,620$3,107$2,599
15 years$5,205$4,455$3,799$3,229$2,736$2,254
16 years$4,829$4,088$3,444$2,891$2,418$1,961
17 years$4,498$3,765$3,134$2,597$2,144$1,712
18 years$4,204$3,479$2,861$2,341$1,906$1,498
19 years$3,941$3,224$2,619$2,115$1,699$1,313
20 years$3,705$2,996$2,404$1,916$1,518$1,154
21 years$3,491$2,790$2,211$1,739$1,358$1,015
22 years$3,297$2,605$2,038$1,581$1,217$895
23 years$3,121$2,436$1,882$1,440$1,093$789
24 years$2,959$2,283$1,740$1,313$982$697
25 years$2,810$2,142$1,612$1,199$884$616
26 years$2,673$2,013$1,495$1,096$796$545
27 years$2,547$1,895$1,388$1,004$718$483
28 years$2,429$1,785$1,290$919$648$428
29 years$2,320$1,684$1,201$843$585$379
30 years$2,219$1,591$1,119$774$528$337
31 years$2,124$1,504$1,043$711$478$299
32 years$2,035$1,423$973$653$432$265
33 years$1,952$1,347$908$601$391$235
34 years$1,874$1,277$849$553$354$209
35 years$1,800$1,211$794$509$321$186
36 years$1,731$1,150$742$469$291$165
37 years$1,666$1,092$695$432$263$147
38 years$1,604$1,038$651$398$239$131
39 years$1,546$987$610$367$217$116
40 years$1,490$939$571$338$196$103
41 years$1,438$894$536$312$178$92
42 years$1,388$851$503$288$162$82
43 years$1,340$811$472$266$147$73
44 years$1,295$773$443$246$133$65
45 years$1,252$737$416$227$121$58
46 years$1,211$703$390$210$110$51
47 years$1,172$671$367$194$100$46
48 years$1,134$641$345$179$91$41
49 years$1,098$612$324$165$82$36
50 years$1,064$584$305$153$75$32

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 $6,242 every year, while hoping to spend $53,562 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: 54/19/27 Blend
45$1,090,000$1,090,000$1,090,000$1,090,000
46$1,207,619$1,149,849$1,132,954$1,263,478
47$1,273,806$1,149,202$1,113,918$1,302,082
48$1,344,950$1,146,728$1,092,450$1,338,066
49$1,421,498$1,142,281$1,068,410$1,376,160
50$1,503,944$1,135,706$1,041,655$1,416,587
51$1,592,830$1,126,839$1,012,034$1,459,592
52$1,688,750$1,115,505$979,388$1,505,453
53$1,792,357$1,101,520$943,553$1,554,474
54$1,904,370$1,084,687$904,354$1,606,996
55$2,025,577$1,064,798$861,612$1,663,398
56$2,156,848$1,041,635$815,137$1,724,097
57$2,299,134$1,014,963$764,732$1,789,562
58$2,453,486$984,536$710,191$1,860,310
59$2,621,057$950,094$651,297$1,936,915
60$2,803,115$911,359$587,826$2,020,014
61$3,001,057$868,039$519,543$2,110,314
62$3,216,417$819,826$446,200$2,208,599
63$3,450,886$766,392$367,542$2,315,737
64$3,706,322$707,390$283,300$2,432,692
65$3,984,771$642,457$193,195$2,560,529
66$4,288,484$571,204$96,934$2,700,431
67$4,619,940$493,223$0$2,853,705
68$4,981,867$408,084$0$3,023,470
69$5,377,267$315,330$0$3,239,570
70$5,809,446$214,479$0$3,475,920
71$6,282,044$105,023$0$3,734,585
72$6,799,068$0$0$4,017,840
73$7,364,930$0$0$4,331,038
74$7,984,490$0$0$4,698,097
75$8,663,097$0$0$5,100,243
76$9,406,644$0$0$5,540,981
77$10,221,621$0$0$6,024,170
78$11,115,173$0$0$6,554,062
79$12,095,172$0$0$7,135,339
80$13,170,288$0$0$7,773,158
81$14,350,070$0$0$8,473,200
82$15,645,037$0$0$9,241,722
83$17,066,775$0$0$10,085,618
84$18,628,048$0$0$11,012,480
85$20,342,916$0$0$12,030,674
86$22,226,866$0$0$13,149,412
87$24,296,961$0$0$14,378,848
88$26,572,000$0$0$15,730,165
89$29,072,690$0$0$17,215,683
90$31,821,846$0$0$18,848,977
91$34,844,604$0$0$20,645,002
92$38,168,657$0$0$22,620,234
93$41,824,515$0$0$24,792,827
94$45,845,795$0$0$27,182,782
95$50,269,533$0$0$29,812,138
96$55,136,537$0$0$32,705,174
97$60,491,770$0$0$35,888,643
98$66,384,774$0$0$39,392,025
99$72,870,133$0$0$43,247,797
100$80,007,994$0$0$47,491,749