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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.2%
1 years$96,618$95,757$94,917$94,098$93,297$90,931
2 years$47,830$46,940$46,076$45,239$44,427$42,059
3 years$31,570$30,676$29,814$28,985$28,187$25,890
4 years$23,442$22,550$21,697$20,882$20,103$17,896
5 years$18,566$17,679$16,838$16,040$15,282$13,170
6 years$15,316$14,436$13,608$12,827$12,092$10,078
7 years$12,996$12,124$11,308$10,546$9,834$7,918
8 years$11,257$10,392$9,590$8,847$8,158$6,339
9 years$9,905$9,048$8,260$7,535$6,870$5,146
10 years$8,824$7,976$7,201$6,496$5,854$4,223
11 years$7,940$7,100$6,340$5,653$5,035$3,495
12 years$7,204$6,373$5,626$4,958$4,363$2,911
13 years$6,581$5,759$5,027$4,378$3,805$2,438
14 years$6,048$5,235$4,517$3,886$3,335$2,051
15 years$5,587$4,782$4,078$3,466$2,936$1,731
16 years$5,184$4,388$3,697$3,103$2,595$1,466
17 years$4,828$4,041$3,364$2,788$2,301$1,244
18 years$4,512$3,734$3,071$2,513$2,046$1,058
19 years$4,230$3,461$2,812$2,270$1,824$902
20 years$3,976$3,216$2,580$2,056$1,629$770
21 years$3,747$2,995$2,373$1,866$1,458$657
22 years$3,539$2,796$2,187$1,697$1,307$562
23 years$3,350$2,615$2,020$1,545$1,173$481
24 years$3,176$2,450$1,868$1,409$1,054$412
25 years$3,016$2,299$1,730$1,287$949$353
26 years$2,869$2,161$1,605$1,177$855$303
27 years$2,734$2,034$1,490$1,077$770$260
28 years$2,608$1,916$1,385$987$695$223
29 years$2,491$1,808$1,289$905$628$192
30 years$2,382$1,707$1,201$831$567$165
31 years$2,280$1,614$1,119$763$513$142
32 years$2,185$1,527$1,044$701$464$122
33 years$2,095$1,446$975$645$420$105
34 years$2,011$1,371$911$593$380$90
35 years$1,933$1,300$852$546$344$77
36 years$1,858$1,234$797$503$312$66
37 years$1,788$1,172$746$463$283$57
38 years$1,722$1,114$698$427$256$49
39 years$1,659$1,059$654$394$232$42
40 years$1,600$1,008$613$363$211$36
41 years$1,543$959$575$335$191$31
42 years$1,490$914$539$309$174$27
43 years$1,439$870$506$286$157$23
44 years$1,390$830$475$264$143$20
45 years$1,344$791$446$243$130$17
46 years$1,300$755$419$225$118$15
47 years$1,258$720$394$208$107$13
48 years$1,218$688$370$192$97$11
49 years$1,179$657$348$177$88$9
50 years$1,142$627$327$164$80$8

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 $2,810 every year, while hoping to spend $46,687 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: 45/36/19 Blend
45$1,170,000$1,170,000$1,170,000$1,170,000
46$1,292,239$1,230,229$1,212,094$1,343,215
47$1,374,372$1,240,835$1,203,024$1,389,844
48$1,463,319$1,250,397$1,192,086$1,435,525
49$1,559,724$1,258,813$1,179,167$1,484,087
50$1,664,298$1,265,976$1,164,151$1,535,818
51$1,777,820$1,271,773$1,146,915$1,591,039
52$1,901,151$1,276,083$1,127,329$1,650,104
53$2,035,234$1,278,777$1,105,261$1,713,407
54$2,181,109$1,279,718$1,080,568$1,781,385
55$2,339,919$1,278,761$1,053,104$1,854,520
56$2,512,922$1,275,752$1,022,714$1,933,349
57$2,701,503$1,270,527$989,238$2,018,464
58$2,907,185$1,262,912$952,507$2,110,522
59$3,131,647$1,252,723$912,344$2,210,252
60$3,376,732$1,239,764$868,565$2,318,459
61$3,644,475$1,223,829$820,978$2,436,034
62$3,937,112$1,204,697$769,382$2,563,965
63$4,257,107$1,182,136$713,565$2,703,344
64$4,607,171$1,155,900$653,308$2,855,380
65$4,990,290$1,125,726$588,382$3,021,410
66$5,409,753$1,091,340$518,546$3,202,914
67$5,869,180$1,052,449$443,550$3,401,528
68$6,372,560$1,008,741$363,132$3,619,060
69$6,924,282$959,892$277,018$3,857,512
70$7,529,185$905,552$184,925$4,119,095
71$8,192,595$845,357$86,552$4,406,254
72$8,920,378$778,918$0$4,721,691
73$9,718,998$705,826$0$5,072,129
74$10,595,572$625,648$0$5,476,101
75$11,557,942$537,927$0$5,919,756
76$12,614,745$442,178$0$6,407,194
77$13,775,495$337,890$0$6,942,941
78$15,050,674$224,526$0$7,531,989
79$16,451,829$101,514$0$8,179,850
80$17,991,680$0$0$8,892,604
81$19,684,241$0$0$9,689,536
82$21,544,953$0$0$10,609,998
83$23,590,823$0$0$11,622,210
84$25,840,594$0$0$12,735,462
85$28,314,912$0$0$13,959,991
86$31,036,525$0$0$15,307,076
87$34,030,498$0$0$16,789,143
88$37,324,445$0$0$18,419,885
89$40,948,795$0$0$20,214,386
90$44,937,072$0$0$22,189,271
91$49,326,216$0$0$24,362,854
92$54,156,927$0$0$26,755,317
93$59,474,054$0$0$29,388,895
94$65,327,010$0$0$32,288,091
95$71,770,246$0$0$35,479,903
96$78,863,758$0$0$38,994,080
97$86,673,657$0$0$42,863,404
98$95,272,787$0$0$47,123,994
99$104,741,420$0$0$51,815,652
100$115,168,003$0$0$56,982,238