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

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$94,140$93,302$92,483$91,685$90,905$87,995
2 years$46,604$45,736$44,895$44,079$43,288$40,383
3 years$30,761$29,889$29,050$28,242$27,464$24,655
4 years$22,841$21,972$21,141$20,347$19,587$16,896
5 years$18,090$17,226$16,406$15,628$14,890$12,324
6 years$14,924$14,066$13,259$12,498$11,782$9,343
7 years$12,663$11,813$11,018$10,275$9,582$7,270
8 years$10,968$10,126$9,344$8,620$7,949$5,762
9 years$9,651$8,816$8,048$7,342$6,694$4,630
10 years$8,597$7,771$7,017$6,329$5,704$3,760
11 years$7,736$6,918$6,177$5,508$4,906$3,077
12 years$7,019$6,209$5,482$4,831$4,251$2,535
13 years$6,413$5,612$4,898$4,265$3,707$2,099
14 years$5,893$5,101$4,401$3,786$3,250$1,745
15 years$5,444$4,660$3,973$3,377$2,861$1,455
16 years$5,051$4,275$3,602$3,023$2,529$1,217
17 years$4,704$3,937$3,278$2,717$2,242$1,021
18 years$4,397$3,638$2,992$2,448$1,994$857
19 years$4,122$3,372$2,739$2,212$1,777$721
20 years$3,874$3,133$2,514$2,004$1,587$607
21 years$3,651$2,918$2,313$1,818$1,420$512
22 years$3,448$2,724$2,131$1,653$1,273$432
23 years$3,264$2,548$1,968$1,506$1,143$365
24 years$3,094$2,387$1,820$1,373$1,027$309
25 years$2,939$2,240$1,686$1,254$924$261
26 years$2,796$2,106$1,563$1,147$833$221
27 years$2,664$1,982$1,452$1,050$751$187
28 years$2,541$1,867$1,350$962$677$158
29 years$2,427$1,762$1,256$882$612$134
30 years$2,321$1,664$1,170$809$553$114
31 years$2,221$1,573$1,091$743$500$96
32 years$2,129$1,488$1,018$683$452$81
33 years$2,042$1,409$950$628$409$69
34 years$1,960$1,336$888$578$370$59
35 years$1,883$1,267$830$532$335$50
36 years$1,811$1,202$776$490$304$42
37 years$1,742$1,142$727$451$275$36
38 years$1,678$1,085$681$416$250$30
39 years$1,616$1,032$638$384$226$26
40 years$1,559$982$598$354$205$22
41 years$1,504$935$560$327$186$18
42 years$1,451$890$526$301$169$16
43 years$1,402$848$493$278$153$13
44 years$1,354$808$463$257$139$11
45 years$1,309$771$435$237$126$10
46 years$1,267$735$408$219$115$8
47 years$1,226$702$384$202$104$7
48 years$1,186$670$360$187$95$6
49 years$1,149$640$339$173$86$5
50 years$1,113$611$319$160$78$4

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 $6,435 every year, while hoping to spend $38,171 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: 24/47/29 Blend
45$1,140,000$1,140,000$1,140,000$1,140,000
46$1,262,918$1,202,498$1,184,828$1,281,615
47$1,351,122$1,220,806$1,183,906$1,316,397
48$1,447,043$1,238,733$1,181,674$1,350,009
49$1,551,429$1,256,218$1,178,047$1,385,226
50$1,665,101$1,273,199$1,172,938$1,422,209
51$1,788,963$1,289,608$1,166,253$1,461,135
52$1,924,011$1,305,373$1,157,897$1,502,203
53$2,071,340$1,320,416$1,147,766$1,545,635
54$2,232,156$1,334,655$1,135,755$1,591,676
55$2,407,785$1,348,003$1,121,752$1,640,601
56$2,599,689$1,360,365$1,105,641$1,692,716
57$2,809,476$1,371,641$1,087,298$1,748,359
58$3,038,917$1,381,725$1,066,597$1,807,909
59$3,289,961$1,390,504$1,043,403$1,871,785
60$3,564,755$1,397,858$1,017,575$1,940,453
61$3,865,664$1,403,656$988,967$2,014,432
62$4,195,290$1,407,764$957,427$2,094,296
63$4,556,502$1,410,037$922,792$2,180,686
64$4,952,455$1,410,319$884,896$2,274,309
65$5,386,629$1,408,447$843,563$2,375,953
66$5,862,852$1,404,248$798,610$2,486,489
67$6,385,344$1,397,538$749,844$2,606,885
68$6,958,751$1,388,119$697,066$2,738,214
69$7,588,192$1,375,785$640,066$2,881,664
70$8,279,305$1,360,316$578,625$3,038,553
71$9,038,300$1,341,478$512,516$3,210,339
72$9,872,020$1,319,023$441,498$3,398,640
73$10,788,002$1,292,691$365,324$3,605,245
74$11,794,548$1,262,203$283,732$3,832,134
75$12,900,806$1,227,265$196,452$4,081,502
76$14,116,854$1,187,567$103,199$4,355,775
77$15,453,794$1,142,779$3,677$4,657,639
78$16,923,858$1,092,552$0$4,990,064
79$18,540,523$1,036,518$0$5,388,063
80$20,318,636$974,287$0$5,826,819
81$22,274,556$905,447$0$6,309,317
82$24,426,308$829,561$0$6,840,108
83$26,793,751$746,169$0$7,424,216
84$29,398,765$654,783$0$8,067,187
85$32,265,461$554,889$0$8,775,143
86$35,420,402$445,943$0$9,554,840
87$38,892,859$327,370$0$10,413,735
88$42,715,084$198,564$0$11,360,059
89$46,922,612$58,883$0$12,402,893
90$51,554,602$0$0$13,552,259
91$56,654,200$0$0$14,866,977
92$62,268,950$0$0$16,348,282
93$68,451,239$0$0$17,979,575
94$75,258,793$0$0$19,776,118
95$82,755,222$0$0$21,754,731
96$91,010,618$0$0$23,933,949
97$100,102,217$0$0$26,334,194
98$110,115,127$0$0$28,977,972
99$121,143,131$0$0$31,890,082
100$133,289,575$0$0$35,097,853