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%18.9%
1 years$94,140$93,302$92,483$91,685$90,905$87,645
2 years$46,604$45,736$44,895$44,079$43,288$40,039
3 years$30,761$29,889$29,050$28,242$27,464$24,327
4 years$22,841$21,972$21,141$20,347$19,587$16,588
5 years$18,090$17,226$16,406$15,628$14,890$12,035
6 years$14,924$14,066$13,259$12,498$11,782$9,074
7 years$12,663$11,813$11,018$10,275$9,582$7,021
8 years$10,968$10,126$9,344$8,620$7,949$5,532
9 years$9,651$8,816$8,048$7,342$6,694$4,418
10 years$8,597$7,771$7,017$6,329$5,704$3,565
11 years$7,736$6,918$6,177$5,508$4,906$2,899
12 years$7,019$6,209$5,482$4,831$4,251$2,372
13 years$6,413$5,612$4,898$4,265$3,707$1,951
14 years$5,893$5,101$4,401$3,786$3,250$1,610
15 years$5,444$4,660$3,973$3,377$2,861$1,334
16 years$5,051$4,275$3,602$3,023$2,529$1,108
17 years$4,704$3,937$3,278$2,717$2,242$922
18 years$4,397$3,638$2,992$2,448$1,994$768
19 years$4,122$3,372$2,739$2,212$1,777$642
20 years$3,874$3,133$2,514$2,004$1,587$536
21 years$3,651$2,918$2,313$1,818$1,420$449
22 years$3,448$2,724$2,131$1,653$1,273$376
23 years$3,264$2,548$1,968$1,506$1,143$315
24 years$3,094$2,387$1,820$1,373$1,027$264
25 years$2,939$2,240$1,686$1,254$924$222
26 years$2,796$2,106$1,563$1,147$833$186
27 years$2,664$1,982$1,452$1,050$751$156
28 years$2,541$1,867$1,350$962$677$131
29 years$2,427$1,762$1,256$882$612$110
30 years$2,321$1,664$1,170$809$553$93
31 years$2,221$1,573$1,091$743$500$78
32 years$2,129$1,488$1,018$683$452$65
33 years$2,042$1,409$950$628$409$55
34 years$1,960$1,336$888$578$370$46
35 years$1,883$1,267$830$532$335$39
36 years$1,811$1,202$776$490$304$33
37 years$1,742$1,142$727$451$275$27
38 years$1,678$1,085$681$416$250$23
39 years$1,616$1,032$638$384$226$19
40 years$1,559$982$598$354$205$16
41 years$1,504$935$560$327$186$14
42 years$1,451$890$526$301$169$12
43 years$1,402$848$493$278$153$10
44 years$1,354$808$463$257$139$8
45 years$1,309$771$435$237$126$7
46 years$1,267$735$408$219$115$6
47 years$1,226$702$384$202$104$5
48 years$1,186$670$360$187$95$4
49 years$1,149$640$339$173$86$3
50 years$1,113$611$319$160$78$3

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 $5,074 every year, while hoping to spend $40,445 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: 61/31/8 Blend
45$1,140,000$1,140,000$1,140,000$1,140,000
46$1,261,514$1,201,094$1,183,424$1,336,025
47$1,347,155$1,216,914$1,180,035$1,402,325
48$1,440,176$1,232,154$1,175,178$1,469,518
49$1,541,287$1,246,743$1,168,759$1,541,813
50$1,651,269$1,260,604$1,160,684$1,619,700
51$1,770,982$1,273,657$1,150,849$1,703,724
52$1,901,370$1,285,814$1,139,151$1,794,483
53$2,043,476$1,296,985$1,125,478$1,892,638
54$2,198,443$1,307,070$1,109,715$1,998,917
55$2,367,533$1,315,965$1,091,739$2,114,123
56$2,552,132$1,323,558$1,071,423$2,239,144
57$2,753,769$1,329,732$1,048,635$2,374,955
58$2,974,124$1,334,360$1,023,235$2,522,635
59$3,215,049$1,337,307$995,078$2,683,373
60$3,478,581$1,338,433$964,010$2,858,479
61$3,766,965$1,337,585$929,873$3,049,401
62$4,082,672$1,334,603$892,500$3,257,733
63$4,428,422$1,329,316$851,717$3,485,235
64$4,807,212$1,321,543$807,340$3,733,847
65$5,222,343$1,311,093$759,181$4,005,710
66$5,677,447$1,297,763$707,039$4,303,184
67$6,176,529$1,281,335$650,707$4,628,872
68$6,723,996$1,261,582$589,967$4,985,647
69$7,324,705$1,238,261$524,592$5,376,675
70$7,984,004$1,211,115$454,345$5,805,449
71$8,707,786$1,179,873$378,979$6,275,820
72$9,502,540$1,144,246$298,235$6,792,036
73$10,375,415$1,103,931$211,842$7,358,783
74$11,334,288$1,058,604$119,519$7,981,227
75$12,387,834$1,007,924$20,971$8,665,064
76$13,545,611$951,530$0$9,416,577
77$14,818,149$889,041$0$10,249,881
78$16,217,050$820,053$0$11,167,807
79$17,755,092$744,139$0$12,177,014
80$19,446,358$660,849$0$13,286,822
81$21,306,361$569,705$0$14,507,504
82$23,352,193$470,203$0$15,850,387
83$25,602,687$361,813$0$17,327,956
84$28,078,590$243,971$0$18,953,976
85$30,802,766$116,085$0$20,743,623
86$33,800,402$0$0$22,713,625
87$37,099,253$0$0$24,890,090
88$40,729,900$0$0$27,329,147
89$44,726,039$0$0$30,013,847
90$49,124,798$0$0$32,969,146
91$53,967,085$0$0$36,222,542
92$59,297,980$0$0$39,804,337
93$65,167,154$0$0$43,747,919
94$71,629,337$0$0$48,090,078
95$78,744,840$0$0$52,871,352
96$86,580,118$0$0$58,136,414
97$95,208,398$0$0$63,934,485
98$104,710,372$0$0$70,319,807
99$115,174,954$0$0$77,352,148
100$126,700,124$0$0$85,097,369