Can I retire at age 46 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$95,792$94,938$94,106$93,293$92,500$92,110
2 years$47,422$46,538$45,683$44,853$44,048$43,654
3 years$31,300$30,413$29,560$28,738$27,946$27,561
4 years$23,241$22,357$21,512$20,704$19,931$19,557
5 years$18,407$17,528$16,694$15,902$15,151$14,790
6 years$15,185$14,313$13,491$12,717$11,989$11,641
7 years$12,885$12,020$11,211$10,456$9,750$9,415
8 years$11,161$10,303$9,508$8,771$8,089$7,767
9 years$9,820$8,971$8,189$7,471$6,812$6,503
10 years$8,748$7,908$7,140$6,440$5,804$5,508
11 years$7,872$7,040$6,286$5,605$4,992$4,709
12 years$7,142$6,318$5,578$4,916$4,326$4,055
13 years$6,525$5,710$4,984$4,340$3,772$3,514
14 years$5,997$5,190$4,478$3,853$3,307$3,061
15 years$5,539$4,741$4,043$3,436$2,911$2,677
16 years$5,139$4,350$3,666$3,077$2,573$2,350
17 years$4,787$4,006$3,336$2,764$2,281$2,070
18 years$4,474$3,702$3,045$2,491$2,029$1,828
19 years$4,194$3,431$2,788$2,251$1,808$1,618
20 years$3,942$3,188$2,558$2,039$1,615$1,435
21 years$3,715$2,970$2,353$1,850$1,445$1,275
22 years$3,509$2,772$2,169$1,682$1,295$1,134
23 years$3,321$2,593$2,002$1,532$1,163$1,011
24 years$3,149$2,429$1,852$1,397$1,045$902
25 years$2,991$2,280$1,715$1,276$941$805
26 years$2,845$2,143$1,591$1,167$847$720
27 years$2,710$2,016$1,477$1,068$764$644
28 years$2,585$1,900$1,373$979$689$576
29 years$2,469$1,792$1,278$897$622$516
30 years$2,361$1,693$1,190$824$562$463
31 years$2,260$1,600$1,110$756$508$415
32 years$2,166$1,514$1,035$695$460$372
33 years$2,077$1,434$967$639$416$334
34 years$1,994$1,359$903$588$377$300
35 years$1,916$1,289$844$541$341$270
36 years$1,842$1,223$790$499$309$242
37 years$1,773$1,162$739$459$280$218
38 years$1,707$1,104$692$423$254$196
39 years$1,645$1,050$649$390$230$176
40 years$1,586$999$608$360$209$158
41 years$1,530$951$570$332$190$142
42 years$1,477$906$535$307$172$128
43 years$1,426$863$502$283$156$115
44 years$1,378$823$471$261$142$104
45 years$1,332$784$442$241$129$93
46 years$1,289$748$415$223$117$84
47 years$1,247$714$390$206$106$76
48 years$1,207$682$367$190$96$68
49 years$1,169$651$345$176$87$61
50 years$1,133$622$324$163$79$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,160,000, adding $4,393 every year, while hoping to spend $35,724 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: 30/45/25 Blend
45$1,160,000$1,160,000$1,160,000$1,160,000
46$1,282,851$1,221,371$1,203,391$1,311,309
47$1,375,692$1,243,209$1,205,695$1,355,501
48$1,476,805$1,264,918$1,206,878$1,399,556
49$1,586,997$1,286,457$1,206,866$1,446,225
50$1,707,154$1,307,777$1,205,580$1,495,759
51$1,838,254$1,328,828$1,202,937$1,548,434
52$1,981,370$1,349,554$1,198,849$1,604,559
53$2,137,686$1,369,898$1,193,226$1,664,473
54$2,308,503$1,389,797$1,185,973$1,728,553
55$2,495,257$1,409,184$1,176,990$1,797,214
56$2,699,525$1,427,985$1,166,170$1,870,919
57$2,923,045$1,446,125$1,153,406$1,950,176
58$3,167,732$1,463,522$1,138,581$2,035,551
59$3,435,692$1,480,086$1,121,576$2,127,667
60$3,729,248$1,495,725$1,102,263$2,227,215
61$4,050,954$1,510,339$1,080,512$2,334,959
62$4,403,626$1,523,820$1,056,184$2,451,743
63$4,790,364$1,536,056$1,029,134$2,578,502
64$5,214,583$1,546,924$999,212$2,716,268
65$5,680,043$1,556,296$966,259$2,866,183
66$6,190,888$1,564,035$930,109$3,029,509
67$6,751,681$1,569,995$890,590$3,207,641
68$7,367,449$1,574,021$847,520$3,402,122
69$8,043,728$1,575,947$800,711$3,614,655
70$8,786,618$1,575,599$749,966$3,847,124
71$9,602,840$1,572,790$695,077$4,101,608
72$10,499,797$1,567,324$635,828$4,380,407
73$11,485,643$1,558,989$571,996$4,686,059
74$12,569,364$1,547,565$503,343$5,021,370
75$13,760,858$1,532,815$429,624$5,389,437
76$15,071,031$1,514,488$350,582$5,793,681
77$16,511,899$1,492,321$265,949$6,237,880
78$18,096,699$1,466,031$175,445$6,726,206
79$19,840,018$1,435,322$78,777$7,263,265
80$21,757,924$1,399,878$0$7,854,143
81$23,868,126$1,359,365$0$8,510,958
82$26,190,131$1,313,430$0$9,256,251
83$28,745,435$1,261,699$0$10,075,916
84$31,557,724$1,203,776$0$10,977,594
85$34,653,094$1,139,243$0$11,969,716
86$38,060,301$1,067,658$0$13,061,579
87$41,811,030$988,551$0$14,263,436
88$45,940,193$901,428$0$15,586,594
89$50,486,261$805,767$0$17,043,524
90$55,491,623$701,012$0$18,647,978
91$61,002,988$586,582$0$20,415,122
92$67,071,826$461,858$0$22,361,679
93$73,754,852$326,188$0$24,506,090
94$81,114,559$178,884$0$26,868,691
95$89,219,813$19,218$0$29,471,902
96$98,146,498$0$0$32,340,450
97$107,978,231$0$0$35,577,641
98$118,807,157$0$0$39,153,905
99$130,734,810$0$0$43,093,289
100$143,873,077$0$0$47,432,779