Can I retire at age 46 with 1,120,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$92,489$91,665$90,861$90,076$89,310$88,378
2 years$45,786$44,934$44,107$43,306$42,529$41,589
3 years$30,221$29,365$28,540$27,747$26,982$26,065
4 years$22,440$21,586$20,770$19,990$19,244$18,357
5 years$17,772$16,924$16,118$15,354$14,629$13,774
6 years$14,662$13,820$13,026$12,279$11,575$10,754
7 years$12,441$11,606$10,825$10,095$9,414$8,626
8 years$10,776$9,948$9,180$8,469$7,810$7,055
9 years$9,482$8,662$7,907$7,213$6,577$5,856
10 years$8,447$7,635$6,893$6,218$5,604$4,916
11 years$7,601$6,797$6,069$5,411$4,819$4,164
12 years$6,896$6,100$5,386$4,747$4,176$3,552
13 years$6,300$5,513$4,812$4,191$3,642$3,049
14 years$5,790$5,011$4,324$3,720$3,193$2,629
15 years$5,348$4,578$3,904$3,317$2,811$2,277
16 years$4,962$4,200$3,539$2,970$2,484$1,979
17 years$4,622$3,868$3,221$2,669$2,203$1,724
18 years$4,319$3,574$2,940$2,405$1,959$1,507
19 years$4,049$3,313$2,691$2,173$1,746$1,319
20 years$3,807$3,078$2,470$1,968$1,559$1,157
21 years$3,587$2,867$2,272$1,786$1,395$1,017
22 years$3,388$2,677$2,094$1,624$1,251$895
23 years$3,206$2,503$1,933$1,479$1,123$788
24 years$3,040$2,345$1,788$1,349$1,009$695
25 years$2,888$2,201$1,656$1,232$908$614
26 years$2,747$2,069$1,536$1,127$818$542
27 years$2,617$1,947$1,426$1,031$737$479
28 years$2,496$1,834$1,326$945$665$424
29 years$2,384$1,731$1,234$866$601$375
30 years$2,280$1,634$1,149$795$543$332
31 years$2,182$1,545$1,071$730$491$294
32 years$2,091$1,462$1,000$671$444$261
33 years$2,006$1,384$933$617$402$231
34 years$1,925$1,312$872$568$364$205
35 years$1,850$1,245$815$523$330$182
36 years$1,779$1,181$763$481$299$161
37 years$1,712$1,122$714$444$271$143
38 years$1,648$1,066$669$409$245$127
39 years$1,588$1,014$626$377$222$113
40 years$1,531$965$587$348$202$100
41 years$1,477$918$551$321$183$89
42 years$1,426$874$516$296$166$79
43 years$1,377$833$485$273$151$70
44 years$1,331$794$455$252$137$62
45 years$1,286$757$427$233$124$55
46 years$1,244$723$401$215$113$49
47 years$1,204$689$377$199$102$44
48 years$1,166$658$354$184$93$39
49 years$1,129$629$333$170$84$35
50 years$1,094$600$313$157$77$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,120,000, adding $3,109 every year, while hoping to spend $24,881 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: 72/13/15 Blend
45$1,120,000$1,120,000$1,120,000$1,120,000
46$1,237,447$1,178,087$1,160,727$1,322,165
47$1,337,193$1,209,340$1,173,138$1,410,012
48$1,446,280$1,241,291$1,185,131$1,502,853
49$1,565,633$1,273,947$1,196,666$1,603,867
50$1,696,273$1,307,315$1,207,700$1,713,858
51$1,839,323$1,341,404$1,218,188$1,833,712
52$1,996,021$1,376,219$1,228,083$1,964,404
53$2,167,727$1,411,766$1,237,336$2,107,007
54$2,355,943$1,448,051$1,245,895$2,262,706
55$2,562,321$1,485,077$1,253,704$2,432,802
56$2,788,681$1,522,849$1,260,707$2,618,732
57$3,037,027$1,561,369$1,266,841$2,822,077
58$3,309,568$1,600,640$1,272,044$3,044,580
59$3,608,734$1,640,662$1,276,248$3,288,160
60$3,937,206$1,681,435$1,279,383$3,554,931
61$4,297,934$1,722,958$1,281,375$3,847,224
62$4,694,168$1,765,229$1,282,146$4,167,606
63$5,129,491$1,808,242$1,281,616$4,518,905
64$5,607,847$1,851,994$1,279,698$4,904,237
65$6,133,582$1,896,477$1,276,303$5,327,036
66$6,711,485$1,941,682$1,271,337$5,791,086
67$7,346,831$1,987,599$1,264,701$6,300,555
68$8,045,432$2,034,215$1,256,292$6,860,038
69$8,813,690$2,081,516$1,246,002$7,474,596
70$9,658,661$2,129,484$1,233,718$8,149,806
71$10,588,117$2,178,102$1,219,320$8,891,816
72$11,610,623$2,227,346$1,202,685$9,707,398
73$12,735,613$2,277,193$1,183,681$10,604,016
74$13,973,484$2,327,614$1,162,173$11,589,893
75$15,335,692$2,378,579$1,138,018$12,674,092
76$16,834,858$2,430,055$1,111,067$13,866,600
77$18,484,888$2,482,003$1,081,163$15,178,422
78$20,301,107$2,534,381$1,048,143$16,621,687
79$22,300,400$2,587,146$1,011,835$18,209,757
80$24,501,371$2,640,246$972,062$19,957,362
81$26,924,520$2,693,627$928,635$21,880,729
82$29,592,437$2,747,231$881,360$23,997,745
83$32,530,012$2,800,991$830,032$26,328,119
84$35,764,673$2,854,840$774,438$28,893,569
85$39,326,642$2,908,699$714,354$31,718,031
86$43,249,222$2,962,488$649,547$34,827,881
87$47,569,110$3,016,118$579,775$38,252,187
88$52,326,743$3,069,492$504,781$42,022,981
89$57,566,681$3,122,507$424,302$46,175,563
90$63,338,025$3,175,052$338,058$50,748,834
91$69,694,882$3,227,007$245,761$55,785,664
92$76,696,873$3,278,244$147,107$61,333,294
93$84,409,701$3,328,625$41,782$67,443,789
94$92,905,765$3,378,002$0$74,174,520
95$102,264,844$3,426,215$0$81,600,017
96$112,574,854$3,473,096$0$89,786,525
97$123,932,674$3,518,463$0$98,804,193
98$136,445,060$3,562,120$0$108,737,698
99$150,229,654$3,603,862$0$119,680,354
100$165,416,093$3,643,465$0$131,734,989