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%18.9%
1 years$93,314$92,483$91,672$90,881$90,108$86,876
2 years$46,195$45,335$44,501$43,693$42,908$39,688
3 years$30,491$29,627$28,795$27,994$27,223$24,114
4 years$22,640$21,779$20,955$20,168$19,416$16,442
5 years$17,931$17,075$16,262$15,491$14,759$11,930
6 years$14,793$13,943$13,142$12,388$11,679$8,995
7 years$12,552$11,709$10,921$10,185$9,498$6,959
8 years$10,872$10,037$9,262$8,544$7,879$5,483
9 years$9,566$8,739$7,978$7,278$6,636$4,379
10 years$8,522$7,703$6,955$6,273$5,654$3,533
11 years$7,668$6,858$6,123$5,460$4,862$2,873
12 years$6,957$6,155$5,434$4,789$4,214$2,351
13 years$6,356$5,562$4,855$4,228$3,674$1,934
14 years$5,842$5,056$4,362$3,753$3,221$1,596
15 years$5,396$4,619$3,938$3,347$2,836$1,322
16 years$5,006$4,238$3,571$2,997$2,506$1,098
17 years$4,663$3,903$3,249$2,693$2,222$914
18 years$4,358$3,606$2,966$2,427$1,976$762
19 years$4,085$3,342$2,715$2,193$1,761$636
20 years$3,841$3,106$2,492$1,986$1,573$532
21 years$3,619$2,893$2,292$1,802$1,408$445
22 years$3,418$2,700$2,113$1,639$1,262$372
23 years$3,235$2,526$1,951$1,492$1,133$312
24 years$3,067$2,366$1,804$1,361$1,018$262
25 years$2,913$2,221$1,671$1,243$916$220
26 years$2,771$2,087$1,550$1,137$825$184
27 years$2,640$1,964$1,439$1,040$744$155
28 years$2,519$1,851$1,338$953$671$130
29 years$2,405$1,746$1,245$874$606$109
30 years$2,300$1,649$1,160$802$548$92
31 years$2,202$1,559$1,081$737$495$77
32 years$2,110$1,475$1,009$677$448$65
33 years$2,024$1,397$942$623$405$54
34 years$1,943$1,324$880$573$367$46
35 years$1,866$1,256$823$527$332$38
36 years$1,795$1,192$770$486$301$32
37 years$1,727$1,132$720$448$273$27
38 years$1,663$1,076$675$413$248$23
39 years$1,602$1,023$632$380$224$19
40 years$1,545$973$592$351$204$16
41 years$1,490$926$555$324$185$14
42 years$1,439$882$521$299$168$11
43 years$1,389$841$489$276$152$10
44 years$1,343$801$459$255$138$8
45 years$1,298$764$431$235$125$7
46 years$1,255$729$405$217$114$6
47 years$1,215$696$380$201$103$5
48 years$1,176$664$357$185$94$4
49 years$1,139$634$336$171$85$3
50 years$1,103$606$316$158$77$3

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 $4,599 every year, while hoping to spend $24,265 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: 46/45/9 Blend
45$1,130,000$1,130,000$1,130,000$1,130,000
46$1,250,004$1,190,114$1,172,599$1,304,173
47$1,351,686$1,222,612$1,186,063$1,374,511
48$1,462,927$1,255,889$1,199,165$1,447,887
49$1,584,676$1,289,957$1,211,867$1,526,928
50$1,717,978$1,324,830$1,224,130$1,612,165
51$1,863,984$1,360,519$1,235,910$1,704,186
52$2,023,962$1,397,036$1,247,165$1,803,633
53$2,199,308$1,434,392$1,257,847$1,911,215
54$2,391,559$1,472,600$1,267,907$2,027,714
55$2,602,410$1,511,669$1,277,294$2,153,987
56$2,833,726$1,551,611$1,285,953$2,290,980
57$3,087,560$1,592,434$1,293,826$2,439,734
58$3,366,177$1,634,149$1,300,855$2,601,395
59$3,672,069$1,676,764$1,306,975$2,777,226
60$4,007,981$1,720,287$1,312,121$2,968,615
61$4,376,940$1,764,725$1,316,221$3,177,094
62$4,782,277$1,810,086$1,319,204$3,404,348
63$5,227,663$1,856,374$1,320,991$3,652,233
64$5,717,143$1,903,595$1,321,502$3,922,794
65$6,255,172$1,951,751$1,320,653$4,218,284
66$6,846,659$2,000,846$1,318,354$4,541,185
67$7,497,011$2,050,881$1,314,512$4,894,228
68$8,212,187$2,101,855$1,309,029$5,280,426
69$8,998,751$2,153,767$1,301,803$5,703,097
70$9,863,936$2,206,613$1,292,725$6,165,894
71$10,815,710$2,260,390$1,281,684$6,672,845
72$11,862,853$2,315,089$1,268,561$7,228,386
73$13,015,038$2,370,703$1,253,232$7,837,406
74$14,282,925$2,427,221$1,235,569$8,505,290
75$15,678,258$2,484,629$1,215,434$9,237,974
76$17,213,976$2,542,912$1,192,688$10,041,997
77$18,904,339$2,602,052$1,167,180$10,924,563
78$20,765,056$2,662,027$1,138,755$11,893,614
79$22,813,440$2,722,814$1,107,251$12,957,898
80$25,068,564$2,784,386$1,072,498$14,127,056
81$27,551,449$2,846,712$1,034,318$15,411,713
82$30,285,253$2,909,757$992,523$16,823,573
83$33,295,497$2,973,483$946,921$18,375,540
84$36,610,302$3,037,848$897,308$20,081,829
85$40,260,655$3,102,805$843,470$21,958,105
86$44,280,702$3,168,303$785,186$24,021,634
87$48,708,067$3,234,283$722,223$26,291,440
88$53,584,211$3,300,685$654,339$28,788,488
89$58,954,822$3,367,439$581,281$31,535,883
90$64,870,243$3,434,473$502,783$34,559,086
91$71,385,952$3,501,706$418,570$37,886,155
92$78,563,079$3,569,049$328,352$41,548,011
93$86,468,989$3,636,409$231,828$45,578,731
94$95,177,916$3,703,683$128,684$50,015,866
95$104,771,659$3,770,759$18,590$54,900,801
96$115,340,360$3,837,518$0$60,279,141
97$126,983,352$3,903,832$0$66,210,644
98$139,810,094$3,969,560$0$72,743,723
99$153,941,209$4,034,554$0$79,937,665
100$169,509,618$4,098,652$0$87,859,775