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%13%
1 years$97,443$96,575$95,728$94,902$94,095$92,919
2 years$48,239$47,341$46,470$45,626$44,807$43,624
3 years$31,840$30,938$30,069$29,233$28,427$27,274
4 years$23,642$22,743$21,883$21,061$20,275$19,159
5 years$18,725$17,830$16,982$16,177$15,413$14,339
6 years$15,447$14,560$13,724$12,937$12,195$11,165
7 years$13,107$12,227$11,405$10,636$9,918$8,931
8 years$11,353$10,481$9,672$8,922$8,228$7,284
9 years$9,989$9,126$8,331$7,600$6,929$6,028
10 years$8,899$8,044$7,263$6,551$5,904$5,045
11 years$8,008$7,161$6,394$5,701$5,078$4,260
12 years$7,265$6,427$5,675$5,001$4,400$3,623
13 years$6,638$5,808$5,070$4,415$3,837$3,099
14 years$6,100$5,280$4,555$3,919$3,364$2,664
15 years$5,635$4,823$4,113$3,495$2,962$2,299
16 years$5,228$4,425$3,729$3,130$2,617$1,991
17 years$4,869$4,075$3,393$2,812$2,321$1,729
18 years$4,551$3,766$3,097$2,534$2,064$1,505
19 years$4,266$3,490$2,836$2,290$1,839$1,313
20 years$4,010$3,243$2,602$2,074$1,643$1,148
21 years$3,779$3,021$2,394$1,882$1,470$1,005
22 years$3,569$2,820$2,206$1,711$1,318$881
23 years$3,378$2,637$2,037$1,558$1,183$773
24 years$3,203$2,471$1,884$1,421$1,063$679
25 years$3,042$2,319$1,745$1,298$957$597
26 years$2,894$2,179$1,618$1,187$862$525
27 years$2,757$2,051$1,503$1,086$777$463
28 years$2,630$1,933$1,397$995$701$408
29 years$2,512$1,823$1,300$913$633$359
30 years$2,402$1,722$1,211$838$572$317
31 years$2,299$1,628$1,129$769$517$280
32 years$2,203$1,540$1,053$707$468$247
33 years$2,113$1,459$983$650$423$218
34 years$2,029$1,382$919$598$383$192
35 years$1,949$1,311$859$551$347$170
36 years$1,874$1,245$804$507$315$150
37 years$1,803$1,182$752$467$285$133
38 years$1,736$1,123$704$431$258$117
39 years$1,673$1,068$660$397$234$104
40 years$1,613$1,016$619$366$213$92
41 years$1,556$967$580$338$193$81
42 years$1,502$921$544$312$175$72
43 years$1,451$878$511$288$159$63
44 years$1,402$837$479$266$144$56
45 years$1,355$798$450$246$131$50
46 years$1,311$761$423$227$119$44
47 years$1,269$726$397$210$108$39
48 years$1,228$693$373$194$98$34
49 years$1,189$662$351$179$89$30
50 years$1,152$633$330$165$81$27

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 $6,233 every year, while hoping to spend $53,694 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: 39/38/23 Blend
45$1,180,000$1,180,000$1,180,000$1,180,000
46$1,306,789$1,244,249$1,225,959$1,348,606
47$1,382,952$1,248,088$1,209,899$1,383,253
48$1,465,083$1,250,314$1,191,501$1,415,185
49$1,553,736$1,250,794$1,170,630$1,448,639
50$1,649,516$1,249,382$1,147,146$1,483,785
51$1,753,091$1,245,926$1,120,900$1,520,813
52$1,865,194$1,240,263$1,091,737$1,559,938
53$1,986,629$1,232,222$1,059,495$1,601,398
54$2,118,283$1,221,619$1,024,006$1,645,461
55$2,261,130$1,208,260$985,093$1,692,427
56$2,416,241$1,191,940$942,569$1,742,629
57$2,584,794$1,172,442$896,241$1,796,442
58$2,768,086$1,149,534$845,908$1,854,284
59$2,967,542$1,122,973$791,357$1,916,618
60$3,184,731$1,092,499$732,368$1,983,965
61$3,421,381$1,057,838$668,710$2,056,902
62$3,679,391$1,018,701$600,141$2,136,073
63$3,960,852$974,781$526,409$2,222,195
64$4,268,067$925,753$447,251$2,316,066
65$4,603,568$871,274$362,393$2,418,571
66$4,970,146$810,980$271,546$2,530,698
67$5,370,870$744,487$174,413$2,653,541
68$5,809,122$671,391$70,679$2,788,319
69$6,288,624$591,261$0$2,936,381
70$6,813,475$503,644$0$3,109,051
71$7,388,189$408,061$0$3,317,320
72$8,017,734$304,006$0$3,545,758
73$8,707,586$190,946$0$3,796,504
74$9,463,772$68,314$0$4,071,922
75$10,292,932$0$0$4,374,629
76$11,202,377$0$0$4,734,479
77$12,200,162$0$0$5,160,785
78$13,295,158$0$0$5,628,790
79$14,497,136$0$0$6,142,693
80$15,816,862$0$0$6,707,116
81$17,266,192$0$0$7,327,153
82$18,858,187$0$0$8,008,416
83$20,607,238$0$0$8,757,084
84$22,529,195$0$0$9,579,969
85$24,641,523$0$0$10,484,573
86$26,963,461$0$0$11,479,160
87$29,516,203$0$0$12,572,838
88$32,323,104$0$0$13,775,640
89$35,409,890$0$0$15,098,619
90$38,804,908$0$0$16,553,955
91$42,539,388$0$0$18,155,066
92$46,647,742$0$0$19,916,737
93$51,167,882$0$0$21,855,260
94$56,141,581$0$0$23,988,583
95$61,614,867$0$0$26,336,483
96$67,638,453$0$0$28,920,753
97$74,268,220$0$0$31,765,404
98$81,565,738$0$0$34,896,893
99$89,598,852$0$0$38,344,374
100$98,442,315$0$0$42,139,970