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

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$92,489$91,665$90,861$90,076$89,310$86,799
2 years$45,786$44,934$44,107$43,306$42,529$40,018
3 years$30,221$29,365$28,540$27,747$26,982$24,550
4 years$22,440$21,586$20,770$19,990$19,244$16,910
5 years$17,772$16,924$16,118$15,354$14,629$12,399
6 years$14,662$13,820$13,026$12,279$11,575$9,452
7 years$12,441$11,606$10,825$10,095$9,414$7,396
8 years$10,776$9,948$9,180$8,469$7,810$5,897
9 years$9,482$8,662$7,907$7,213$6,577$4,767
10 years$8,447$7,635$6,893$6,218$5,604$3,895
11 years$7,601$6,797$6,069$5,411$4,819$3,209
12 years$6,896$6,100$5,386$4,747$4,176$2,661
13 years$6,300$5,513$4,812$4,191$3,642$2,218
14 years$5,790$5,011$4,324$3,720$3,193$1,857
15 years$5,348$4,578$3,904$3,317$2,811$1,560
16 years$4,962$4,200$3,539$2,970$2,484$1,314
17 years$4,622$3,868$3,221$2,669$2,203$1,110
18 years$4,319$3,574$2,940$2,405$1,959$939
19 years$4,049$3,313$2,691$2,173$1,746$796
20 years$3,807$3,078$2,470$1,968$1,559$676
21 years$3,587$2,867$2,272$1,786$1,395$574
22 years$3,388$2,677$2,094$1,624$1,251$488
23 years$3,206$2,503$1,933$1,479$1,123$416
24 years$3,040$2,345$1,788$1,349$1,009$354
25 years$2,888$2,201$1,656$1,232$908$302
26 years$2,747$2,069$1,536$1,127$818$258
27 years$2,617$1,947$1,426$1,031$737$220
28 years$2,496$1,834$1,326$945$665$188
29 years$2,384$1,731$1,234$866$601$160
30 years$2,280$1,634$1,149$795$543$137
31 years$2,182$1,545$1,071$730$491$117
32 years$2,091$1,462$1,000$671$444$100
33 years$2,006$1,384$933$617$402$85
34 years$1,925$1,312$872$568$364$73
35 years$1,850$1,245$815$523$330$62
36 years$1,779$1,181$763$481$299$53
37 years$1,712$1,122$714$444$271$46
38 years$1,648$1,066$669$409$245$39
39 years$1,588$1,014$626$377$222$33
40 years$1,531$965$587$348$202$28
41 years$1,477$918$551$321$183$24
42 years$1,426$874$516$296$166$21
43 years$1,377$833$485$273$151$18
44 years$1,331$794$455$252$137$15
45 years$1,286$757$427$233$124$13
46 years$1,244$723$401$215$113$11
47 years$1,204$689$377$199$102$10
48 years$1,166$658$354$184$93$8
49 years$1,129$629$333$170$84$7
50 years$1,094$600$313$157$77$6

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 $6,167 every year, while hoping to spend $51,664 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: 50/43/7 Blend
45$1,120,000$1,120,000$1,120,000$1,120,000
46$1,240,601$1,181,241$1,163,881$1,300,121
47$1,312,172$1,184,152$1,147,901$1,344,278
48$1,389,312$1,185,474$1,129,654$1,386,187
49$1,472,535$1,185,074$1,109,010$1,430,502
50$1,562,403$1,182,813$1,085,832$1,477,459
51$1,659,538$1,178,540$1,059,976$1,527,324
52$1,764,620$1,172,098$1,031,295$1,580,389
53$1,878,398$1,163,318$999,630$1,636,981
54$2,001,696$1,152,022$964,820$1,697,459
55$2,135,419$1,138,021$926,691$1,762,227
56$2,280,563$1,121,115$885,066$1,831,729
57$2,438,222$1,101,091$839,758$1,906,460
58$2,609,601$1,077,726$790,570$1,986,968
59$2,796,026$1,050,779$737,300$2,073,860
60$2,998,953$1,020,000$679,732$2,167,812
61$3,219,988$985,122$617,644$2,269,571
62$3,460,895$945,861$550,804$2,379,964
63$3,723,618$901,919$478,967$2,499,912
64$4,010,294$852,980$401,879$2,630,430
65$4,323,277$798,710$319,276$2,772,647
66$4,665,159$738,754$230,879$2,927,809
67$5,038,791$672,739$136,399$3,097,300
68$5,447,313$600,269$35,534$3,282,650
69$5,894,184$520,927$0$3,485,552
70$6,383,210$434,272$0$3,713,268
71$6,918,583$339,836$0$3,965,669
72$7,504,919$237,129$0$4,242,419
73$8,147,301$125,629$0$4,546,085
74$8,851,328$4,787$0$4,879,504
75$9,623,166$0$0$5,245,811
76$10,469,604$0$0$5,708,081
77$11,398,123$0$0$6,217,783
78$12,416,960$0$0$6,777,191
79$13,535,189$0$0$7,391,302
80$14,762,807$0$0$8,065,622
81$16,110,823$0$0$8,806,215
82$17,591,366$0$0$9,619,763
83$19,217,798$0$0$10,513,625
84$21,004,837$0$0$11,495,909
85$22,968,699$0$0$12,575,548
86$25,127,248$0$0$13,762,382
87$27,500,165$0$0$15,067,253
88$30,109,133$0$0$16,502,106
89$32,978,040$0$0$18,080,101
90$36,133,205$0$0$19,815,737
91$39,603,626$0$0$21,724,989
92$43,421,253$0$0$23,825,458
93$47,621,286$0$0$26,136,537
94$52,242,512$0$0$28,679,594
95$57,327,663$0$0$31,478,173
96$62,923,828$0$0$34,558,214
97$69,082,886$0$0$37,948,302
98$75,862,004$0$0$41,679,931
99$83,324,172$0$0$45,787,804
100$91,538,794$0$0$50,310,160