Can I retire at age 46 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$91,663$90,846$90,050$89,272$88,513$86,549
2 years$45,378$44,532$43,713$42,919$42,149$40,181
3 years$29,951$29,102$28,285$27,499$26,741$24,830
4 years$22,240$21,393$20,585$19,811$19,072$17,232
5 years$17,614$16,773$15,974$15,217$14,498$12,735
6 years$14,531$13,696$12,910$12,169$11,472$9,788
7 years$12,330$11,502$10,728$10,005$9,330$7,725
8 years$10,680$9,859$9,098$8,393$7,740$6,213
9 years$9,397$8,584$7,836$7,149$6,518$5,069
10 years$8,371$7,567$6,832$6,162$5,554$4,180
11 years$7,533$6,736$6,015$5,363$4,776$3,477
12 years$6,834$6,046$5,338$4,704$4,139$2,912
13 years$6,244$5,464$4,769$4,153$3,609$2,452
14 years$5,738$4,966$4,285$3,687$3,164$2,073
15 years$5,300$4,537$3,869$3,288$2,786$1,760
16 years$4,918$4,163$3,508$2,944$2,462$1,499
17 years$4,580$3,834$3,192$2,645$2,183$1,280
18 years$4,281$3,542$2,914$2,384$1,941$1,095
19 years$4,013$3,283$2,667$2,154$1,730$938
20 years$3,773$3,051$2,448$1,951$1,545$806
21 years$3,555$2,842$2,252$1,770$1,383$693
22 years$3,358$2,653$2,075$1,610$1,240$596
23 years$3,178$2,481$1,916$1,466$1,113$513
24 years$3,013$2,324$1,772$1,337$1,000$443
25 years$2,862$2,181$1,641$1,221$900$382
26 years$2,722$2,050$1,522$1,117$811$330
27 years$2,593$1,929$1,414$1,022$731$285
28 years$2,474$1,818$1,314$936$660$246
29 years$2,363$1,715$1,223$859$596$213
30 years$2,259$1,620$1,139$788$538$184
31 years$2,163$1,531$1,062$724$486$159
32 years$2,073$1,449$991$665$440$138
33 years$1,988$1,372$925$612$398$119
34 years$1,908$1,300$864$563$361$103
35 years$1,833$1,233$808$518$327$89
36 years$1,763$1,171$756$477$296$77
37 years$1,696$1,112$708$440$268$67
38 years$1,633$1,057$663$405$243$58
39 years$1,574$1,005$621$374$220$50
40 years$1,518$956$582$345$200$43
41 years$1,464$910$546$318$181$38
42 years$1,413$867$512$293$165$33
43 years$1,365$826$480$271$149$28
44 years$1,319$787$451$250$136$24
45 years$1,275$751$423$231$123$21
46 years$1,233$716$398$213$112$18
47 years$1,193$683$373$197$102$16
48 years$1,155$652$351$182$92$14
49 years$1,119$623$330$168$84$12
50 years$1,084$595$310$156$76$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,110,000, adding $5,405 every year, while hoping to spend $56,678 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: 34/37/29 Blend
45$1,110,000$1,110,000$1,110,000$1,110,000
46$1,228,795$1,169,965$1,152,760$1,259,655
47$1,293,827$1,166,989$1,131,073$1,280,485
48$1,363,593$1,161,966$1,106,759$1,297,507
49$1,438,516$1,154,739$1,079,672$1,314,777
50$1,519,059$1,145,136$1,049,655$1,332,358
51$1,605,733$1,132,978$1,016,549$1,350,322
52$1,699,098$1,118,073$980,183$1,368,754
53$1,799,767$1,100,220$940,380$1,387,753
54$1,908,416$1,079,204$896,956$1,407,433
55$2,025,787$1,054,798$849,717$1,427,926
56$2,152,696$1,026,761$798,461$1,449,384
57$2,290,038$994,839$742,976$1,471,981
58$2,438,799$958,763$683,043$1,495,916
59$2,600,061$918,248$618,430$1,521,414
60$2,775,016$872,991$548,896$1,548,732
61$2,964,974$822,673$474,190$1,578,163
62$3,171,375$766,957$394,049$1,610,036
63$3,395,804$705,487$308,198$1,644,725
64$3,640,004$637,884$216,351$1,682,651
65$3,905,895$563,751$118,209$1,724,288
66$4,195,586$482,665$13,459$1,770,170
67$4,511,402$394,181$0$1,820,898
68$4,855,898$297,830$0$1,907,570
69$5,231,890$193,114$0$2,006,939
70$5,642,475$79,508$0$2,115,792
71$6,091,063$0$0$2,235,190
72$6,581,408$0$0$2,384,040
73$7,117,643$0$0$2,582,378
74$7,704,320$0$0$2,799,533
75$8,346,449$0$0$3,037,382
76$9,049,549$0$0$3,297,988
77$9,819,695$0$0$3,583,627
78$10,663,579$0$0$3,896,801
79$11,588,571$0$0$4,240,271
80$12,602,788$0$0$4,617,073
81$13,715,168$0$0$5,030,554
82$14,935,559$0$0$5,484,400
83$16,274,804$0$0$5,982,671
84$17,744,851$0$0$6,529,841
85$19,358,859$0$0$7,130,835
86$21,131,322$0$0$7,791,081
87$23,078,209$0$0$8,516,559
88$25,217,111$0$0$9,313,856
89$27,567,405$0$0$10,190,228
90$30,150,442$0$0$11,153,670
91$32,989,739$0$0$12,212,990
92$36,111,210$0$0$13,377,893
93$39,543,401$0$0$14,659,071
94$43,317,764$0$0$16,068,302
95$47,468,951$0$0$17,618,566
96$52,035,142$0$0$19,324,163
97$57,058,402$0$0$21,200,848
98$62,585,078$0$0$23,265,983
99$68,666,237$0$0$25,538,694
100$75,358,145$0$0$28,040,059