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%12.7%
1 years$96,618$95,757$94,917$94,098$93,297$92,246
2 years$47,830$46,940$46,076$45,239$44,427$43,369
3 years$31,570$30,676$29,814$28,985$28,187$27,154
4 years$23,442$22,550$21,697$20,882$20,103$19,104
5 years$18,566$17,679$16,838$16,040$15,282$14,320
6 years$15,316$14,436$13,608$12,827$12,092$11,168
7 years$12,996$12,124$11,308$10,546$9,834$8,948
8 years$11,257$10,392$9,590$8,847$8,158$7,311
9 years$9,905$9,048$8,260$7,535$6,870$6,061
10 years$8,824$7,976$7,201$6,496$5,854$5,081
11 years$7,940$7,100$6,340$5,653$5,035$4,299
12 years$7,204$6,373$5,626$4,958$4,363$3,663
13 years$6,581$5,759$5,027$4,378$3,805$3,139
14 years$6,048$5,235$4,517$3,886$3,335$2,704
15 years$5,587$4,782$4,078$3,466$2,936$2,338
16 years$5,184$4,388$3,697$3,103$2,595$2,029
17 years$4,828$4,041$3,364$2,788$2,301$1,766
18 years$4,512$3,734$3,071$2,513$2,046$1,541
19 years$4,230$3,461$2,812$2,270$1,824$1,347
20 years$3,976$3,216$2,580$2,056$1,629$1,180
21 years$3,747$2,995$2,373$1,866$1,458$1,035
22 years$3,539$2,796$2,187$1,697$1,307$910
23 years$3,350$2,615$2,020$1,545$1,173$800
24 years$3,176$2,450$1,868$1,409$1,054$705
25 years$3,016$2,299$1,730$1,287$949$621
26 years$2,869$2,161$1,605$1,177$855$548
27 years$2,734$2,034$1,490$1,077$770$483
28 years$2,608$1,916$1,385$987$695$427
29 years$2,491$1,808$1,289$905$628$377
30 years$2,382$1,707$1,201$831$567$334
31 years$2,280$1,614$1,119$763$513$295
32 years$2,185$1,527$1,044$701$464$261
33 years$2,095$1,446$975$645$420$231
34 years$2,011$1,371$911$593$380$205
35 years$1,933$1,300$852$546$344$181
36 years$1,858$1,234$797$503$312$160
37 years$1,788$1,172$746$463$283$142
38 years$1,722$1,114$698$427$256$126
39 years$1,659$1,059$654$394$232$112
40 years$1,600$1,008$613$363$211$99
41 years$1,543$959$575$335$191$88
42 years$1,490$914$539$309$174$78
43 years$1,439$870$506$286$157$69
44 years$1,390$830$475$264$143$61
45 years$1,344$791$446$243$130$54
46 years$1,300$755$419$225$118$48
47 years$1,258$720$394$208$107$43
48 years$1,218$688$370$192$97$38
49 years$1,179$657$348$177$88$34
50 years$1,142$627$327$164$80$30

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 $6,201 every year, while hoping to spend $34,536 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: 46/31/23 Blend
45$1,170,000$1,170,000$1,170,000$1,170,000
46$1,295,736$1,233,726$1,215,591$1,346,536
47$1,391,155$1,257,433$1,219,568$1,406,572
48$1,495,150$1,281,144$1,222,520$1,467,782
49$1,608,557$1,304,822$1,224,376$1,533,495
50$1,732,301$1,328,429$1,225,064$1,604,150
51$1,867,397$1,351,923$1,224,504$1,680,228
52$2,014,961$1,375,257$1,222,615$1,762,262
53$2,176,226$1,398,383$1,219,311$1,850,839
54$2,352,545$1,421,249$1,214,503$1,946,609
55$2,545,411$1,443,796$1,208,095$2,050,286
56$2,756,465$1,465,965$1,199,988$2,162,659
57$2,987,517$1,487,689$1,190,081$2,284,600
58$3,240,558$1,508,900$1,178,262$2,417,070
59$3,517,781$1,529,522$1,164,420$2,561,130
60$3,821,601$1,549,475$1,148,435$2,717,948
61$4,154,679$1,568,674$1,130,182$2,888,817
62$4,519,944$1,587,027$1,109,530$3,075,161
63$4,920,622$1,604,435$1,086,344$3,278,551
64$5,360,269$1,620,796$1,060,480$3,500,722
65$5,842,799$1,635,997$1,031,788$3,743,586
66$6,372,523$1,649,920$1,000,112$4,009,253
67$6,954,193$1,662,438$965,288$4,300,052
68$7,593,041$1,673,418$927,145$4,618,551
69$8,294,831$1,682,715$885,505$4,967,583
70$9,065,914$1,690,179$840,179$5,350,273
71$9,913,285$1,695,645$790,973$5,770,068
72$10,844,652$1,698,943$737,682$6,230,771
73$11,868,504$1,699,889$680,092$6,736,576
74$12,994,197$1,698,289$617,981$7,292,109
75$14,232,036$1,693,937$551,115$7,902,472
76$15,593,377$1,686,613$479,250$8,573,291
77$17,090,729$1,676,084$402,132$9,310,772
78$18,737,876$1,662,105$319,496$10,121,760
79$20,550,005$1,644,413$231,065$11,013,801
80$22,543,848$1,622,732$136,548$11,995,221
81$24,737,841$1,596,767$35,644$13,075,196
82$27,152,300$1,566,208$0$14,263,849
83$29,809,606$1,530,724$0$15,590,020
84$32,734,422$1,489,965$0$17,058,820
85$35,953,923$1,443,564$0$18,675,147
86$39,498,052$1,391,127$0$20,454,054
87$43,399,802$1,332,240$0$22,412,128
88$47,695,528$1,266,466$0$24,567,657
89$52,425,290$1,193,342$0$26,940,795
90$57,633,229$1,112,375$0$29,553,759
91$63,367,986$1,023,049$0$32,431,037
92$69,683,158$924,816$0$35,599,618
93$76,637,803$817,095$0$39,089,253
94$84,297,002$699,275$0$42,932,731
95$92,732,467$570,710$0$47,166,194
96$102,023,219$430,716$0$51,829,476
97$112,256,338$278,572$0$56,966,485
98$123,527,778$113,515$0$62,625,612
99$135,943,275$0$0$68,860,195
100$149,619,346$0$0$75,751,283