Can I retire at age 46 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$97,443$96,575$95,728$94,902$94,095$91,229
2 years$48,239$47,341$46,470$45,626$44,807$41,944
3 years$31,840$30,938$30,069$29,233$28,427$25,658
4 years$23,642$22,743$21,883$21,061$20,275$17,619
5 years$18,725$17,830$16,982$16,177$15,413$12,878
6 years$15,447$14,560$13,724$12,937$12,195$9,785
7 years$13,107$12,227$11,405$10,636$9,918$7,631
8 years$11,353$10,481$9,672$8,922$8,228$6,063
9 years$9,989$9,126$8,331$7,600$6,929$4,884
10 years$8,899$8,044$7,263$6,551$5,904$3,975
11 years$8,008$7,161$6,394$5,701$5,078$3,262
12 years$7,265$6,427$5,675$5,001$4,400$2,694
13 years$6,638$5,808$5,070$4,415$3,837$2,237
14 years$6,100$5,280$4,555$3,919$3,364$1,865
15 years$5,635$4,823$4,113$3,495$2,962$1,560
16 years$5,228$4,425$3,729$3,130$2,617$1,309
17 years$4,869$4,075$3,393$2,812$2,321$1,100
18 years$4,551$3,766$3,097$2,534$2,064$927
19 years$4,266$3,490$2,836$2,290$1,839$782
20 years$4,010$3,243$2,602$2,074$1,643$661
21 years$3,779$3,021$2,394$1,882$1,470$559
22 years$3,569$2,820$2,206$1,711$1,318$473
23 years$3,378$2,637$2,037$1,558$1,183$401
24 years$3,203$2,471$1,884$1,421$1,063$340
25 years$3,042$2,319$1,745$1,298$957$288
26 years$2,894$2,179$1,618$1,187$862$245
27 years$2,757$2,051$1,503$1,086$777$208
28 years$2,630$1,933$1,397$995$701$177
29 years$2,512$1,823$1,300$913$633$150
30 years$2,402$1,722$1,211$838$572$127
31 years$2,299$1,628$1,129$769$517$108
32 years$2,203$1,540$1,053$707$468$92
33 years$2,113$1,459$983$650$423$78
34 years$2,029$1,382$919$598$383$67
35 years$1,949$1,311$859$551$347$57
36 years$1,874$1,245$804$507$315$48
37 years$1,803$1,182$752$467$285$41
38 years$1,736$1,123$704$431$258$35
39 years$1,673$1,068$660$397$234$30
40 years$1,613$1,016$619$366$213$25
41 years$1,556$967$580$338$193$21
42 years$1,502$921$544$312$175$18
43 years$1,451$878$511$288$159$16
44 years$1,402$837$479$266$144$13
45 years$1,355$798$450$246$131$11
46 years$1,311$761$423$227$119$10
47 years$1,269$726$397$210$108$8
48 years$1,228$693$373$194$98$7
49 years$1,189$662$351$179$89$6
50 years$1,152$633$330$165$81$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,180,000, adding $4,205 every year, while hoping to spend $51,785 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: 40/42/18 Blend
45$1,180,000$1,180,000$1,180,000$1,180,000
46$1,304,697$1,242,157$1,223,867$1,349,764
47$1,382,678$1,247,924$1,209,768$1,388,062
48$1,466,876$1,252,238$1,193,461$1,424,161
49$1,557,873$1,254,973$1,174,817$1,462,130
50$1,656,305$1,255,995$1,153,702$1,502,165
51$1,762,872$1,255,163$1,129,975$1,544,487
52$1,878,343$1,252,325$1,103,488$1,589,342
53$2,003,566$1,247,321$1,074,087$1,637,003
54$2,139,472$1,239,981$1,041,610$1,687,776
55$2,287,083$1,230,125$1,005,889$1,742,001
56$2,447,526$1,217,562$966,747$1,800,057
57$2,622,040$1,202,089$924,000$1,862,368
58$2,811,988$1,183,491$877,453$1,929,404
59$3,018,869$1,161,540$826,906$2,001,687
60$3,244,334$1,135,996$772,148$2,079,801
61$3,490,199$1,106,602$712,958$2,164,392
62$3,758,462$1,073,089$649,105$2,256,179
63$4,051,325$1,035,170$580,350$2,355,962
64$4,371,209$992,543$506,440$2,464,629
65$4,720,781$944,886$427,114$2,583,165
66$5,102,976$891,860$342,098$2,712,663
67$5,521,025$833,108$251,105$2,854,338
68$5,978,489$768,249$153,836$3,009,535
69$6,479,285$696,883$49,979$3,179,748
70$7,027,729$618,587$0$3,366,631
71$7,628,572$532,912$0$3,583,707
72$8,287,047$439,386$0$3,832,323
73$9,008,918$337,508$0$4,105,192
74$9,800,532$226,751$0$4,404,877
75$10,668,882$106,557$0$4,734,214
76$11,621,667$0$0$5,096,339
77$12,667,369$0$0$5,505,652
78$13,815,333$0$0$6,009,213
79$15,075,849$0$0$6,562,310
80$16,460,256$0$0$7,169,939
81$17,981,042$0$0$7,837,600
82$19,651,966$0$0$8,571,358
83$21,488,186$0$0$9,377,890
84$23,506,399$0$0$10,264,554
85$25,725,002$0$0$11,239,456
86$28,164,263$0$0$12,311,529
87$30,846,510$0$0$13,490,610
88$33,796,346$0$0$14,787,542
89$37,040,875$0$0$16,214,269
90$40,609,961$0$0$17,783,951
91$44,536,507$0$0$19,511,090
92$48,856,768$0$0$21,411,662
93$53,610,687$0$0$23,503,271
94$58,842,279$0$0$25,805,314
95$64,600,036$0$0$28,339,164
96$70,937,394$0$0$31,128,371
97$77,913,229$0$0$34,198,883
98$85,592,416$0$0$37,579,293
99$94,046,440$0$0$41,301,106
100$103,354,067$0$0$45,399,040