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

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$97,443$96,575$95,728$94,902$94,095$92,271
2 years$48,239$47,341$46,470$45,626$44,807$42,976
3 years$31,840$30,938$30,069$29,233$28,427$26,648
4 years$23,642$22,743$21,883$21,061$20,275$18,559
5 years$18,725$17,830$16,982$16,177$15,413$13,767
6 years$15,447$14,560$13,724$12,937$12,195$10,621
7 years$13,107$12,227$11,405$10,636$9,918$8,415
8 years$11,353$10,481$9,672$8,922$8,228$6,796
9 years$9,989$9,126$8,331$7,600$6,929$5,568
10 years$8,899$8,044$7,263$6,551$5,904$4,612
11 years$8,008$7,161$6,394$5,701$5,078$3,853
12 years$7,265$6,427$5,675$5,001$4,400$3,241
13 years$6,638$5,808$5,070$4,415$3,837$2,742
14 years$6,100$5,280$4,555$3,919$3,364$2,330
15 years$5,635$4,823$4,113$3,495$2,962$1,988
16 years$5,228$4,425$3,729$3,130$2,617$1,701
17 years$4,869$4,075$3,393$2,812$2,321$1,459
18 years$4,551$3,766$3,097$2,534$2,064$1,255
19 years$4,266$3,490$2,836$2,290$1,839$1,081
20 years$4,010$3,243$2,602$2,074$1,643$933
21 years$3,779$3,021$2,394$1,882$1,470$807
22 years$3,569$2,820$2,206$1,711$1,318$698
23 years$3,378$2,637$2,037$1,558$1,183$604
24 years$3,203$2,471$1,884$1,421$1,063$524
25 years$3,042$2,319$1,745$1,298$957$455
26 years$2,894$2,179$1,618$1,187$862$395
27 years$2,757$2,051$1,503$1,086$777$343
28 years$2,630$1,933$1,397$995$701$298
29 years$2,512$1,823$1,300$913$633$259
30 years$2,402$1,722$1,211$838$572$225
31 years$2,299$1,628$1,129$769$517$196
32 years$2,203$1,540$1,053$707$468$171
33 years$2,113$1,459$983$650$423$148
34 years$2,029$1,382$919$598$383$129
35 years$1,949$1,311$859$551$347$113
36 years$1,874$1,245$804$507$315$98
37 years$1,803$1,182$752$467$285$85
38 years$1,736$1,123$704$431$258$74
39 years$1,673$1,068$660$397$234$65
40 years$1,613$1,016$619$366$213$56
41 years$1,556$967$580$338$193$49
42 years$1,502$921$544$312$175$43
43 years$1,451$878$511$288$159$37
44 years$1,402$837$479$266$144$33
45 years$1,355$798$450$246$131$28
46 years$1,311$761$423$227$119$25
47 years$1,269$726$397$210$108$22
48 years$1,228$693$373$194$98$19
49 years$1,189$662$351$179$89$16
50 years$1,152$633$330$165$81$14

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 $5,652 every year, while hoping to spend $50,986 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: 32/48/20 Blend
45$1,180,000$1,180,000$1,180,000$1,180,000
46$1,306,190$1,243,650$1,225,360$1,339,733
47$1,385,173$1,250,340$1,212,161$1,372,002
48$1,470,503$1,255,649$1,196,811$1,401,701
49$1,562,774$1,259,456$1,179,184$1,432,623
50$1,662,638$1,261,631$1,159,148$1,464,908
51$1,770,814$1,262,037$1,136,566$1,498,709
52$1,888,088$1,260,528$1,111,292$1,534,203
53$2,015,329$1,256,950$1,083,177$1,571,586
54$2,153,491$1,251,139$1,052,061$1,611,078
55$2,303,622$1,242,919$1,017,779$1,652,929
56$2,466,876$1,232,107$980,160$1,697,416
57$2,644,522$1,218,506$939,021$1,744,852
58$2,837,959$1,201,908$894,173$1,795,585
59$3,048,723$1,182,093$845,420$1,850,005
60$3,278,505$1,158,828$792,554$1,908,549
61$3,529,167$1,131,866$735,359$1,971,705
62$3,802,759$1,100,944$673,611$2,040,018
63$4,101,537$1,065,786$607,073$2,114,094
64$4,427,983$1,026,099$535,499$2,194,610
65$4,784,831$981,572$458,632$2,282,323
66$5,175,092$931,877$376,204$2,378,072
67$5,602,078$876,666$287,934$2,482,793
68$6,069,440$815,572$193,530$2,597,527
69$6,581,195$748,207$92,685$2,723,435
70$7,141,768$674,161$0$2,861,802
71$7,756,032$592,999$0$3,017,248
72$8,429,354$504,262$0$3,209,490
73$9,167,645$407,468$0$3,420,569
74$9,977,414$302,103$0$3,652,522
75$10,865,831$187,627$0$3,907,605
76$11,840,794$63,469$0$4,188,314
77$12,911,004$0$0$4,497,415
78$14,086,041$0$0$4,875,451
79$15,376,463$0$0$5,327,612
80$16,793,898$0$0$5,824,472
81$18,351,156$0$0$6,370,545
82$20,062,350$0$0$6,970,805
83$21,943,025$0$0$7,630,731
84$24,010,310$0$0$8,356,360
85$26,283,074$0$0$9,154,342
86$28,782,108$0$0$10,032,007
87$31,530,315$0$0$10,997,426
88$34,552,931$0$0$12,059,497
89$37,877,759$0$0$13,228,019
90$41,535,433$0$0$14,513,791
91$45,559,705$0$0$15,928,713
92$49,987,765$0$0$17,485,894
93$54,860,586$0$0$19,199,779
94$60,223,319$0$0$21,086,286
95$66,125,710$0$0$23,162,953
96$72,622,572$0$0$25,449,104
97$79,774,304$0$0$27,966,035
98$87,647,455$0$0$30,737,207
99$96,315,358$0$0$33,788,476
100$105,858,814$0$0$37,148,331