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%11.4%
1 years$93,314$92,483$91,672$90,881$90,108$89,577
2 years$46,195$45,335$44,501$43,693$42,908$42,373
3 years$30,491$29,627$28,795$27,994$27,223$26,700
4 years$22,640$21,779$20,955$20,168$19,416$18,908
5 years$17,931$17,075$16,262$15,491$14,759$14,270
6 years$14,793$13,943$13,142$12,388$11,679$11,207
7 years$12,552$11,709$10,921$10,185$9,498$9,044
8 years$10,872$10,037$9,262$8,544$7,879$7,444
9 years$9,566$8,739$7,978$7,278$6,636$6,218
10 years$8,522$7,703$6,955$6,273$5,654$5,255
11 years$7,668$6,858$6,123$5,460$4,862$4,481
12 years$6,957$6,155$5,434$4,789$4,214$3,849
13 years$6,356$5,562$4,855$4,228$3,674$3,327
14 years$5,842$5,056$4,362$3,753$3,221$2,890
15 years$5,396$4,619$3,938$3,347$2,836$2,522
16 years$5,006$4,238$3,571$2,997$2,506$2,208
17 years$4,663$3,903$3,249$2,693$2,222$1,939
18 years$4,358$3,606$2,966$2,427$1,976$1,707
19 years$4,085$3,342$2,715$2,193$1,761$1,507
20 years$3,841$3,106$2,492$1,986$1,573$1,332
21 years$3,619$2,893$2,292$1,802$1,408$1,180
22 years$3,418$2,700$2,113$1,639$1,262$1,047
23 years$3,235$2,526$1,951$1,492$1,133$930
24 years$3,067$2,366$1,804$1,361$1,018$827
25 years$2,913$2,221$1,671$1,243$916$737
26 years$2,771$2,087$1,550$1,137$825$656
27 years$2,640$1,964$1,439$1,040$744$585
28 years$2,519$1,851$1,338$953$671$522
29 years$2,405$1,746$1,245$874$606$466
30 years$2,300$1,649$1,160$802$548$417
31 years$2,202$1,559$1,081$737$495$373
32 years$2,110$1,475$1,009$677$448$333
33 years$2,024$1,397$942$623$405$298
34 years$1,943$1,324$880$573$367$267
35 years$1,866$1,256$823$527$332$239
36 years$1,795$1,192$770$486$301$214
37 years$1,727$1,132$720$448$273$192
38 years$1,663$1,076$675$413$248$172
39 years$1,602$1,023$632$380$224$154
40 years$1,545$973$592$351$204$138
41 years$1,490$926$555$324$185$124
42 years$1,439$882$521$299$168$111
43 years$1,389$841$489$276$152$99
44 years$1,343$801$459$255$138$89
45 years$1,298$764$431$235$125$80
46 years$1,255$729$405$217$114$72
47 years$1,215$696$380$201$103$64
48 years$1,176$664$357$185$94$58
49 years$1,139$634$336$171$85$52
50 years$1,103$606$316$158$77$46

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 $4,690 every year, while hoping to spend $33,943 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: 49/37/14 Blend
45$1,130,000$1,130,000$1,130,000$1,130,000
46$1,250,098$1,190,208$1,172,693$1,306,308
47$1,341,493$1,212,413$1,175,863$1,367,718
48$1,441,072$1,234,568$1,178,002$1,430,480
49$1,549,635$1,256,636$1,179,038$1,497,903
50$1,668,062$1,278,575$1,178,900$1,570,434
51$1,797,319$1,300,340$1,177,508$1,648,567
52$1,938,472$1,321,883$1,174,781$1,732,848
53$2,092,695$1,343,154$1,170,635$1,823,878
54$2,261,278$1,364,097$1,164,979$1,922,319
55$2,445,643$1,384,652$1,157,721$2,028,904
56$2,647,355$1,404,757$1,148,761$2,144,437
57$2,868,138$1,424,343$1,137,998$2,269,810
58$3,109,890$1,443,337$1,125,322$2,406,002
59$3,374,700$1,461,662$1,110,622$2,554,096
60$3,664,871$1,479,235$1,093,778$2,715,286
61$3,982,936$1,495,965$1,074,668$2,890,887
62$4,331,687$1,511,760$1,053,162$3,082,352
63$4,714,200$1,526,517$1,029,123$3,291,283
64$5,133,861$1,540,128$1,002,411$3,519,445
65$5,594,399$1,552,479$972,877$3,768,788
66$6,099,924$1,563,447$940,365$4,041,459
67$6,654,962$1,572,902$904,713$4,339,829
68$7,264,499$1,580,704$865,751$4,666,511
69$7,934,026$1,586,707$823,302$5,024,389
70$8,669,595$1,590,754$777,180$5,416,643
71$9,477,869$1,592,677$727,192$5,846,777
72$10,366,194$1,592,299$673,134$6,318,661
73$11,342,656$1,589,433$614,795$6,836,558
74$12,416,170$1,583,878$551,954$7,405,171
75$13,596,555$1,575,423$484,379$8,029,687
76$14,894,627$1,563,843$411,830$8,715,826
77$16,322,306$1,548,898$334,054$9,469,894
78$17,892,725$1,530,337$250,787$10,298,846
79$19,620,350$1,507,891$161,756$11,210,352
80$21,521,124$1,481,276$66,673$12,212,868
81$23,612,611$1,450,191$0$13,315,718
82$25,914,164$1,414,318$0$14,534,382
83$28,447,108$1,373,318$0$15,885,966
84$31,234,937$1,326,835$0$17,373,046
85$34,303,541$1,274,490$0$19,009,456
86$37,681,445$1,215,883$0$20,810,445
87$41,400,082$1,150,591$0$22,792,819
88$45,494,088$1,078,167$0$24,975,107
89$50,001,624$998,136$0$27,377,732
90$54,964,744$909,999$0$30,023,208
91$60,429,785$813,226$0$32,936,350
92$66,447,807$707,259$0$36,144,513
93$73,075,075$591,506$0$39,677,847
94$80,373,586$465,343$0$43,569,589
95$88,411,657$328,111$0$47,856,372
96$97,264,572$179,113$0$52,578,575
97$107,015,283$17,615$0$57,780,708
98$117,755,204$0$0$63,511,830
99$129,585,063$0$0$69,890,000
100$142,615,862$0$0$76,923,745