Can I retire at age 46 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$96,618$95,757$94,917$94,098$93,297$89,738
2 years$47,830$46,940$46,076$45,239$44,427$40,883
3 years$31,570$30,676$29,814$28,985$28,187$24,769
4 years$23,442$22,550$21,697$20,882$20,103$16,838
5 years$18,566$17,679$16,838$16,040$15,282$12,178
6 years$15,316$14,436$13,608$12,827$12,092$9,152
7 years$12,996$12,124$11,308$10,546$9,834$7,056
8 years$11,257$10,392$9,590$8,847$8,158$5,540
9 years$9,905$9,048$8,260$7,535$6,870$4,408
10 years$8,824$7,976$7,201$6,496$5,854$3,543
11 years$7,940$7,100$6,340$5,653$5,035$2,870
12 years$7,204$6,373$5,626$4,958$4,363$2,339
13 years$6,581$5,759$5,027$4,378$3,805$1,916
14 years$6,048$5,235$4,517$3,886$3,335$1,575
15 years$5,587$4,782$4,078$3,466$2,936$1,299
16 years$5,184$4,388$3,697$3,103$2,595$1,074
17 years$4,828$4,041$3,364$2,788$2,301$890
18 years$4,512$3,734$3,071$2,513$2,046$738
19 years$4,230$3,461$2,812$2,270$1,824$614
20 years$3,976$3,216$2,580$2,056$1,629$511
21 years$3,747$2,995$2,373$1,866$1,458$425
22 years$3,539$2,796$2,187$1,697$1,307$355
23 years$3,350$2,615$2,020$1,545$1,173$296
24 years$3,176$2,450$1,868$1,409$1,054$247
25 years$3,016$2,299$1,730$1,287$949$206
26 years$2,869$2,161$1,605$1,177$855$172
27 years$2,734$2,034$1,490$1,077$770$144
28 years$2,608$1,916$1,385$987$695$120
29 years$2,491$1,808$1,289$905$628$100
30 years$2,382$1,707$1,201$831$567$84
31 years$2,280$1,614$1,119$763$513$70
32 years$2,185$1,527$1,044$701$464$59
33 years$2,095$1,446$975$645$420$49
34 years$2,011$1,371$911$593$380$41
35 years$1,933$1,300$852$546$344$34
36 years$1,858$1,234$797$503$312$29
37 years$1,788$1,172$746$463$283$24
38 years$1,722$1,114$698$427$256$20
39 years$1,659$1,059$654$394$232$17
40 years$1,600$1,008$613$363$211$14
41 years$1,543$959$575$335$191$12
42 years$1,490$914$539$309$174$10
43 years$1,439$870$506$286$157$8
44 years$1,390$830$475$264$143$7
45 years$1,344$791$446$243$130$6
46 years$1,300$755$419$225$118$5
47 years$1,258$720$394$208$107$4
48 years$1,218$688$370$192$97$3
49 years$1,179$657$348$177$88$3
50 years$1,142$627$327$164$80$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,170,000, adding $3,083 every year, while hoping to spend $58,385 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: 50/39/11 Blend
45$1,170,000$1,170,000$1,170,000$1,170,000
46$1,292,520$1,230,510$1,212,375$1,353,187
47$1,362,236$1,228,684$1,190,868$1,393,227
48$1,437,106$1,224,811$1,166,685$1,430,291
49$1,517,594$1,218,731$1,139,672$1,469,231
50$1,604,211$1,210,270$1,109,673$1,510,238
51$1,697,514$1,199,247$1,076,520$1,553,528
52$1,798,119$1,185,469$1,040,043$1,599,341
53$1,906,701$1,168,730$1,000,057$1,647,945
54$2,024,001$1,148,815$956,376$1,699,637
55$2,150,834$1,125,492$908,800$1,754,751
56$2,288,096$1,098,518$857,122$1,813,658
57$2,436,773$1,067,636$801,126$1,876,769
58$2,597,946$1,032,573$740,586$1,944,545
59$2,772,806$993,038$675,265$2,017,497
60$2,962,663$948,728$604,917$2,096,192
61$3,168,956$899,318$529,284$2,181,263
62$3,393,271$844,466$448,097$2,273,413
63$3,637,350$783,810$361,073$2,373,423
64$3,903,111$716,968$267,920$2,482,158
65$4,192,665$643,535$168,332$2,600,583
66$4,508,333$563,085$61,987$2,729,766
67$4,852,671$475,164$0$2,870,892
68$5,228,494$379,298$0$3,031,322
69$5,638,897$274,980$0$3,214,627
70$6,087,290$161,680$0$3,415,185
71$6,577,426$38,834$0$3,634,833
72$7,113,436$0$0$3,875,605
73$7,699,870$0$0$4,180,156
74$8,341,738$0$0$4,531,858
75$9,044,556$0$0$4,917,080
76$9,814,398$0$0$5,339,169
77$10,657,953$0$0$5,801,809
78$11,582,589$0$0$6,309,056
79$12,596,421$0$0$6,865,379
80$13,708,384$0$0$7,475,700
81$14,928,322$0$0$8,145,441
82$16,267,076$0$0$8,880,572
83$17,736,590$0$0$9,687,673
84$19,350,017$0$0$10,573,988
85$21,121,849$0$0$11,547,500
86$23,068,049$0$0$12,617,001
87$25,206,203$0$0$13,792,178
88$27,555,682$0$0$15,083,704
89$30,137,830$0$0$16,503,333
90$32,976,157$0$0$18,064,019
91$36,096,569$0$0$19,780,032
92$39,527,603$0$0$21,667,093
93$43,300,702$0$0$23,742,523
94$47,450,507$0$0$26,025,406
95$52,015,186$0$0$28,536,770
96$57,036,792$0$0$31,299,781
97$62,561,656$0$0$34,339,966
98$68,640,832$0$0$37,685,449
99$75,330,566$0$0$41,367,220
100$82,692,837$0$0$45,419,424