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%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 $4,965 every year, while hoping to spend $29,779 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: 41/47/12 Blend
45$1,140,000$1,140,000$1,140,000$1,140,000
46$1,261,401$1,200,981$1,183,311$1,308,448
47$1,358,380$1,228,145$1,191,268$1,369,179
48$1,464,252$1,255,641$1,198,492$1,431,535
49$1,579,893$1,283,455$1,204,930$1,498,367
50$1,706,268$1,311,571$1,210,521$1,570,093
51$1,844,438$1,339,968$1,215,204$1,647,178
52$1,995,571$1,368,627$1,218,914$1,730,131
53$2,160,955$1,397,525$1,221,582$1,819,513
54$2,342,005$1,426,637$1,223,138$1,915,944
55$2,540,282$1,455,935$1,223,506$2,020,106
56$2,757,505$1,485,389$1,222,607$2,132,750
57$2,995,565$1,514,968$1,220,359$2,254,705
58$3,256,546$1,544,634$1,216,675$2,386,885
59$3,542,743$1,574,351$1,211,463$2,530,296
60$3,856,684$1,604,076$1,204,628$2,686,048
61$4,201,154$1,633,763$1,196,071$2,855,365
62$4,579,218$1,663,364$1,185,686$3,039,594
63$4,994,256$1,692,827$1,173,364$3,240,224
64$5,449,989$1,722,094$1,158,990$3,458,893
65$5,950,515$1,751,104$1,142,444$3,697,408
66$6,500,351$1,779,791$1,123,599$3,957,761
67$7,104,470$1,808,085$1,102,324$4,242,150
68$7,768,355$1,835,909$1,078,480$4,552,995
69$8,498,041$1,863,183$1,051,923$4,892,966
70$9,300,180$1,889,818$1,022,501$5,265,008
71$10,182,101$1,915,721$990,057$5,672,365
72$11,151,876$1,940,793$954,426$6,118,616
73$12,218,402$1,964,926$915,433$6,607,705
74$13,391,478$1,988,006$872,899$7,143,983
75$14,681,902$2,009,912$826,634$7,732,243
76$16,101,570$2,030,512$776,441$8,377,773
77$17,663,592$2,049,668$722,113$9,086,401
78$19,382,408$2,067,232$663,434$9,864,554
79$21,273,934$2,083,047$600,180$10,719,315
80$23,355,703$2,096,944$532,113$11,658,495
81$25,647,035$2,108,744$458,989$12,690,705
82$28,169,217$2,118,258$380,550$13,825,437
83$30,945,707$2,125,282$296,528$15,073,157
84$34,002,351$2,129,603$206,644$16,445,403
85$37,367,629$2,130,991$110,604$17,954,892
86$41,072,921$2,129,203$8,103$19,615,648
87$45,152,807$2,123,983$0$21,443,126
88$49,645,391$2,115,056$0$23,467,335
89$54,592,660$2,102,132$0$25,696,041
90$60,040,877$2,084,903$0$28,148,958
91$66,041,026$2,063,042$0$30,848,958
92$72,649,283$2,036,204$0$33,821,253
93$79,927,553$2,004,020$0$37,093,632
94$87,944,049$1,966,103$0$40,696,722
95$96,773,941$1,922,041$0$44,664,283
96$106,500,058$1,871,397$0$49,033,524
97$117,213,678$1,813,709$0$53,845,459
98$129,015,382$1,748,489$0$59,145,289
99$142,016,005$1,675,220$0$64,982,839
100$156,337,685$1,593,353$0$71,413,022