Can I retire at age 46 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$94,140$93,302$92,483$91,685$90,905$89,473
2 years$46,604$45,736$44,895$44,079$43,288$41,849
3 years$30,761$29,889$29,050$28,242$27,464$26,062
4 years$22,841$21,972$21,141$20,347$19,587$18,234
5 years$18,090$17,226$16,406$15,628$14,890$13,590
6 years$14,924$14,066$13,259$12,498$11,782$10,535
7 years$12,663$11,813$11,018$10,275$9,582$8,390
8 years$10,968$10,126$9,344$8,620$7,949$6,811
9 years$9,651$8,816$8,048$7,342$6,694$5,610
10 years$8,597$7,771$7,017$6,329$5,704$4,672
11 years$7,736$6,918$6,177$5,508$4,906$3,926
12 years$7,019$6,209$5,482$4,831$4,251$3,321
13 years$6,413$5,612$4,898$4,265$3,707$2,826
14 years$5,893$5,101$4,401$3,786$3,250$2,417
15 years$5,444$4,660$3,973$3,377$2,861$2,074
16 years$5,051$4,275$3,602$3,023$2,529$1,786
17 years$4,704$3,937$3,278$2,717$2,242$1,543
18 years$4,397$3,638$2,992$2,448$1,994$1,335
19 years$4,122$3,372$2,739$2,212$1,777$1,158
20 years$3,874$3,133$2,514$2,004$1,587$1,006
21 years$3,651$2,918$2,313$1,818$1,420$876
22 years$3,448$2,724$2,131$1,653$1,273$763
23 years$3,264$2,548$1,968$1,506$1,143$665
24 years$3,094$2,387$1,820$1,373$1,027$581
25 years$2,939$2,240$1,686$1,254$924$508
26 years$2,796$2,106$1,563$1,147$833$444
27 years$2,664$1,982$1,452$1,050$751$388
28 years$2,541$1,867$1,350$962$677$340
29 years$2,427$1,762$1,256$882$612$298
30 years$2,321$1,664$1,170$809$553$261
31 years$2,221$1,573$1,091$743$500$229
32 years$2,129$1,488$1,018$683$452$200
33 years$2,042$1,409$950$628$409$176
34 years$1,960$1,336$888$578$370$154
35 years$1,883$1,267$830$532$335$135
36 years$1,811$1,202$776$490$304$119
37 years$1,742$1,142$727$451$275$104
38 years$1,678$1,085$681$416$250$91
39 years$1,616$1,032$638$384$226$80
40 years$1,559$982$598$354$205$71
41 years$1,504$935$560$327$186$62
42 years$1,451$890$526$301$169$54
43 years$1,402$848$493$278$153$48
44 years$1,354$808$463$257$139$42
45 years$1,309$771$435$237$126$37
46 years$1,267$735$408$219$115$32
47 years$1,226$702$384$202$104$28
48 years$1,186$670$360$187$95$25
49 years$1,149$640$339$173$86$22
50 years$1,113$611$319$160$78$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,140,000, adding $5,188 every year, while hoping to spend $58,116 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: 44/31/25 Blend
45$1,140,000$1,140,000$1,140,000$1,140,000
46$1,261,631$1,201,211$1,183,541$1,307,793
47$1,328,483$1,198,236$1,161,355$1,338,106
48$1,400,205$1,193,167$1,136,478$1,364,940
49$1,477,234$1,185,840$1,108,758$1,392,883
50$1,560,048$1,176,082$1,078,037$1,422,069
51$1,649,171$1,163,707$1,044,149$1,452,649
52$1,745,179$1,148,522$1,006,921$1,484,796
53$1,848,705$1,130,318$966,171$1,518,701
54$1,960,445$1,108,876$921,710$1,554,581
55$2,081,163$1,083,963$873,339$1,592,681
56$2,211,697$1,055,332$820,852$1,633,274
57$2,352,971$1,022,724$764,031$1,676,666
58$2,505,999$985,863$702,651$1,723,202
59$2,671,896$944,455$636,475$1,773,266
60$2,851,888$898,192$565,255$1,827,289
61$3,047,325$846,748$488,735$1,885,751
62$3,259,689$789,775$406,645$1,949,191
63$3,490,613$726,910$318,703$2,018,209
64$3,741,892$657,765$224,616$2,093,473
65$4,015,501$581,931$124,077$2,175,729
66$4,313,614$498,978$16,766$2,265,809
67$4,638,624$408,449$0$2,364,638
68$4,993,162$309,862$0$2,499,323
69$5,380,128$202,709$0$2,651,400
70$5,802,711$86,451$0$2,817,764
71$6,264,422$0$0$2,999,932
72$6,769,127$0$0$3,213,051
73$7,321,083$0$0$3,478,505
74$7,924,976$0$0$3,769,074
75$8,585,966$0$0$4,087,256
76$9,309,735$0$0$4,435,806
77$10,102,540$0$0$4,817,756
78$10,971,273$0$0$5,236,443
79$11,923,523$0$0$5,695,545
80$12,967,647$0$0$6,199,113
81$14,112,851$0$0$6,751,607
82$15,369,275$0$0$7,357,942
83$16,748,087$0$0$8,023,530
84$18,261,588$0$0$8,754,332
85$19,923,331$0$0$9,556,917
86$21,748,242$0$0$10,438,519
87$23,752,764$0$0$11,407,109
88$25,955,014$0$0$12,471,466
89$28,374,946$0$0$13,641,265
90$31,034,546$0$0$14,927,160
91$33,958,033$0$0$16,340,893
92$37,172,092$0$0$17,895,399
93$40,706,121$0$0$19,604,928
94$44,592,508$0$0$21,485,181
95$48,866,940$0$0$23,553,457
96$53,568,732$0$0$25,828,816
97$58,741,204$0$0$28,332,258
98$64,432,085$0$0$31,086,922
99$70,693,964$0$0$34,118,302
100$77,584,782$0$0$37,454,488