Can I retire at age 46 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$93,314$92,483$91,672$90,881$90,108$87,258
2 years$46,195$45,335$44,501$43,693$42,908$40,064
3 years$30,491$29,627$28,795$27,994$27,223$24,472
4 years$22,640$21,779$20,955$20,168$19,416$16,779
5 years$17,931$17,075$16,262$15,491$14,759$12,245
6 years$14,793$13,943$13,142$12,388$11,679$9,288
7 years$12,552$11,709$10,921$10,185$9,498$7,231
8 years$10,872$10,037$9,262$8,544$7,879$5,735
9 years$9,566$8,739$7,978$7,278$6,636$4,611
10 years$8,522$7,703$6,955$6,273$5,654$3,746
11 years$7,668$6,858$6,123$5,460$4,862$3,068
12 years$6,957$6,155$5,434$4,789$4,214$2,529
13 years$6,356$5,562$4,855$4,228$3,674$2,096
14 years$5,842$5,056$4,362$3,753$3,221$1,743
15 years$5,396$4,619$3,938$3,347$2,836$1,455
16 years$5,006$4,238$3,571$2,997$2,506$1,218
17 years$4,663$3,903$3,249$2,693$2,222$1,022
18 years$4,358$3,606$2,966$2,427$1,976$859
19 years$4,085$3,342$2,715$2,193$1,761$723
20 years$3,841$3,106$2,492$1,986$1,573$610
21 years$3,619$2,893$2,292$1,802$1,408$514
22 years$3,418$2,700$2,113$1,639$1,262$435
23 years$3,235$2,526$1,951$1,492$1,133$367
24 years$3,067$2,366$1,804$1,361$1,018$311
25 years$2,913$2,221$1,671$1,243$916$263
26 years$2,771$2,087$1,550$1,137$825$223
27 years$2,640$1,964$1,439$1,040$744$189
28 years$2,519$1,851$1,338$953$671$160
29 years$2,405$1,746$1,245$874$606$135
30 years$2,300$1,649$1,160$802$548$115
31 years$2,202$1,559$1,081$737$495$97
32 years$2,110$1,475$1,009$677$448$83
33 years$2,024$1,397$942$623$405$70
34 years$1,943$1,324$880$573$367$59
35 years$1,866$1,256$823$527$332$50
36 years$1,795$1,192$770$486$301$43
37 years$1,727$1,132$720$448$273$36
38 years$1,663$1,076$675$413$248$31
39 years$1,602$1,023$632$380$224$26
40 years$1,545$973$592$351$204$22
41 years$1,490$926$555$324$185$19
42 years$1,439$882$521$299$168$16
43 years$1,389$841$489$276$152$14
44 years$1,343$801$459$255$138$12
45 years$1,298$764$431$235$125$10
46 years$1,255$729$405$217$114$8
47 years$1,215$696$380$201$103$7
48 years$1,176$664$357$185$94$6
49 years$1,139$634$336$171$85$5
50 years$1,103$606$316$158$77$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,130,000, adding $5,282 every year, while hoping to spend $52,646 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: 49/44/7 Blend
45$1,130,000$1,130,000$1,130,000$1,130,000
46$1,250,708$1,190,818$1,173,303$1,309,472
47$1,322,266$1,193,154$1,156,594$1,352,521
48$1,399,357$1,193,839$1,137,561$1,393,219
49$1,482,492$1,192,737$1,116,069$1,436,182
50$1,572,230$1,189,705$1,091,981$1,481,634
51$1,669,184$1,184,587$1,065,149$1,529,827
52$1,774,030$1,177,221$1,035,421$1,581,039
53$1,887,509$1,167,433$1,002,636$1,635,579
54$2,010,439$1,155,041$966,627$1,693,790
55$2,143,715$1,139,849$927,220$1,756,055
56$2,288,323$1,121,651$884,232$1,822,799
57$2,445,349$1,100,229$837,471$1,894,492
58$2,615,986$1,075,351$786,737$1,971,657
59$2,801,545$1,046,773$731,822$2,054,875
60$3,003,472$1,014,234$672,507$2,144,791
61$3,223,355$977,460$608,565$2,242,119
62$3,462,942$936,160$539,756$2,347,652
63$3,724,157$890,026$465,833$2,462,269
64$4,009,118$838,735$386,535$2,586,945
65$4,320,155$781,940$301,592$2,722,761
66$4,659,835$719,279$210,719$2,870,913
67$5,030,981$650,366$113,621$3,032,728
68$5,436,703$574,796$9,989$3,209,674
69$5,880,424$492,139$0$3,403,381
70$6,365,914$401,941$0$3,623,162
71$6,897,323$303,722$0$3,864,784
72$7,479,222$196,976$0$4,129,734
73$8,116,643$81,168$0$4,420,482
74$8,815,129$0$0$4,739,761
75$9,580,784$0$0$5,112,025
76$10,420,331$0$0$5,563,429
77$11,341,175$0$0$6,058,671
78$12,351,471$0$0$6,602,152
79$13,460,202$0$0$7,198,722
80$14,677,263$0$0$7,853,721
81$16,013,554$0$0$8,573,033
82$17,481,082$0$0$9,363,139
83$19,093,074$0$0$10,231,178
84$20,864,100$0$0$11,185,018
85$22,810,211$0$0$12,233,322
86$24,949,093$0$0$13,385,637
87$27,300,225$0$0$14,652,481
88$29,885,073$0$0$16,045,441
89$32,727,282$0$0$17,577,282
90$35,852,905$0$0$19,262,070
91$39,290,646$0$0$21,115,301
92$43,072,130$0$0$23,154,050
93$47,232,201$0$0$25,397,128
94$51,809,251$0$0$27,865,263
95$56,845,580$0$0$30,581,293
96$62,387,796$0$0$33,570,382
97$68,487,253$0$0$36,860,256
98$75,200,536$0$0$40,481,468
99$82,589,992$0$0$44,467,679
100$90,724,321$0$0$48,855,982