Can I retire at age 46 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$90,837$90,028$89,238$88,468$87,716$86,727
2 years$44,969$44,131$43,320$42,533$41,769$40,775
3 years$29,681$28,840$28,031$27,251$26,500$25,530
4 years$22,039$21,201$20,399$19,633$18,900$17,961
5 years$17,455$16,622$15,831$15,080$14,368$13,463
6 years$14,400$13,573$12,793$12,060$11,369$10,500
7 years$12,219$11,398$10,631$9,915$9,246$8,413
8 years$10,583$9,771$9,016$8,317$7,670$6,873
9 years$9,312$8,507$7,766$7,084$6,459$5,698
10 years$8,296$7,499$6,770$6,107$5,504$4,777
11 years$7,465$6,675$5,960$5,315$4,733$4,042
12 years$6,773$5,992$5,290$4,662$4,102$3,444
13 years$6,188$5,415$4,726$4,116$3,577$2,952
14 years$5,687$4,922$4,246$3,653$3,135$2,542
15 years$5,253$4,496$3,834$3,258$2,761$2,199
16 years$4,873$4,125$3,476$2,917$2,440$1,908
17 years$4,539$3,799$3,163$2,621$2,163$1,660
18 years$4,242$3,510$2,887$2,362$1,924$1,449
19 years$3,977$3,253$2,643$2,135$1,715$1,267
20 years$3,739$3,023$2,426$1,933$1,531$1,110
21 years$3,523$2,816$2,231$1,755$1,371$974
22 years$3,327$2,629$2,057$1,595$1,228$855
23 years$3,149$2,459$1,899$1,453$1,103$752
24 years$2,986$2,304$1,756$1,325$991$662
25 years$2,836$2,162$1,627$1,210$892$584
26 years$2,698$2,032$1,509$1,106$803$515
27 years$2,570$1,912$1,401$1,013$724$455
28 years$2,452$1,802$1,302$928$654$401
29 years$2,342$1,700$1,212$851$590$355
30 years$2,239$1,605$1,129$781$533$314
31 years$2,143$1,517$1,052$717$482$277
32 years$2,054$1,436$982$659$436$245
33 years$1,970$1,360$917$606$395$217
34 years$1,891$1,289$857$558$357$192
35 years$1,817$1,222$801$513$324$170
36 years$1,747$1,160$749$473$293$151
37 years$1,681$1,102$701$436$266$134
38 years$1,619$1,047$657$402$241$118
39 years$1,560$996$615$370$218$105
40 years$1,504$947$577$342$198$93
41 years$1,451$902$541$315$180$82
42 years$1,400$859$507$291$163$73
43 years$1,353$818$476$268$148$65
44 years$1,307$780$447$248$134$57
45 years$1,264$744$419$229$122$51
46 years$1,222$710$394$211$111$45
47 years$1,183$677$370$195$101$40
48 years$1,145$646$348$180$91$36
49 years$1,109$617$327$167$83$32
50 years$1,074$590$307$154$75$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,100,000, adding $2,591 every year, while hoping to spend $58,250 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: 43/37/20 Blend
45$1,100,000$1,100,000$1,100,000$1,100,000
46$1,214,873$1,156,573$1,139,523$1,259,936
47$1,276,812$1,151,267$1,115,719$1,286,748
48$1,343,117$1,143,749$1,089,166$1,309,895
49$1,414,171$1,133,849$1,059,709$1,333,772
50$1,490,396$1,121,387$1,027,189$1,358,475
51$1,572,253$1,106,172$991,436$1,384,116
52$1,660,249$1,088,000$952,275$1,410,818
53$1,754,941$1,066,659$909,523$1,438,725
54$1,856,940$1,041,920$862,987$1,467,999
55$1,966,917$1,013,544$812,467$1,498,823
56$2,085,610$981,275$757,751$1,531,404
57$2,213,829$944,843$698,623$1,565,977
58$2,352,463$903,965$634,851$1,602,806
59$2,502,493$858,337$566,196$1,642,187
60$2,664,993$807,642$492,409$1,684,456
61$2,841,146$751,540$413,229$1,729,987
62$3,032,253$689,675$328,382$1,779,203
63$3,239,744$621,671$237,584$1,832,575
64$3,465,192$547,127$140,538$1,890,635
65$3,710,329$465,624$36,933$1,953,973
66$3,977,057$376,714$0$2,023,253
67$4,267,473$279,929$0$2,114,929
68$4,583,881$174,771$0$2,223,546
69$4,928,818$60,716$0$2,342,213
70$5,305,076$0$0$2,472,037
71$5,715,728$0$0$2,639,812
72$6,164,157$0$0$2,850,142
73$6,654,087$0$0$3,080,070
74$7,189,617$0$0$3,331,535
75$7,775,260$0$0$3,606,675
76$8,415,987$0$0$3,907,842
77$9,117,268$0$0$4,237,626
78$9,885,131$0$0$4,598,881
79$10,726,209$0$0$4,994,748
80$11,647,810$0$0$5,428,687
81$12,657,981$0$0$5,904,508
82$13,765,586$0$0$6,426,409
83$14,980,387$0$0$6,999,013
84$16,313,134$0$0$7,627,412
85$17,775,671$0$0$8,317,213
86$19,381,042$0$0$9,074,597
87$21,143,618$0$0$9,906,368
88$23,079,226$0$0$10,820,023
89$25,205,303$0$0$11,823,823
90$27,541,058$0$0$12,926,865
91$30,107,652$0$0$14,139,173
92$32,928,396$0$0$15,471,791
93$36,028,974$0$0$16,936,883
94$39,437,680$0$0$18,547,855
95$43,185,687$0$0$20,319,473
96$47,307,340$0$0$22,268,008
97$51,840,479$0$0$24,411,385
98$56,826,792$0$0$26,769,357
99$62,312,215$0$0$29,363,684
100$68,347,357$0$0$32,218,344