Can I retire at age 46 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$98,269$97,394$96,540$95,706$94,892$91,380
2 years$48,648$47,742$46,864$46,013$45,187$41,688
3 years$32,110$31,200$30,324$29,481$28,668$25,293
4 years$23,842$22,935$22,068$21,239$20,447$17,220
5 years$18,883$17,982$17,126$16,314$15,543$12,474
6 years$15,578$14,683$13,840$13,046$12,299$9,390
7 years$13,218$12,331$11,501$10,726$10,002$7,252
8 years$11,449$10,570$9,754$8,998$8,298$5,704
9 years$10,074$9,203$8,401$7,664$6,988$4,547
10 years$8,975$8,112$7,324$6,607$5,954$3,662
11 years$8,076$7,222$6,448$5,750$5,121$2,972
12 years$7,327$6,482$5,723$5,043$4,437$2,427
13 years$6,694$5,858$5,113$4,452$3,870$1,992
14 years$6,152$5,324$4,594$3,952$3,392$1,641
15 years$5,682$4,864$4,148$3,525$2,987$1,356
16 years$5,272$4,463$3,760$3,156$2,640$1,124
17 years$4,910$4,110$3,422$2,836$2,340$933
18 years$4,589$3,798$3,124$2,556$2,081$776
19 years$4,302$3,520$2,860$2,309$1,855$647
20 years$4,044$3,271$2,624$2,091$1,657$539
21 years$3,811$3,046$2,414$1,898$1,483$450
22 years$3,600$2,844$2,225$1,726$1,329$376
23 years$3,407$2,660$2,054$1,572$1,193$314
24 years$3,230$2,492$1,900$1,433$1,072$263
25 years$3,068$2,339$1,760$1,309$965$220
26 years$2,919$2,198$1,632$1,197$869$184
27 years$2,780$2,069$1,515$1,096$784$154
28 years$2,652$1,949$1,409$1,004$707$129
29 years$2,533$1,839$1,311$921$638$108
30 years$2,422$1,737$1,221$845$577$91
31 years$2,319$1,642$1,138$776$522$76
32 years$2,222$1,553$1,062$713$472$64
33 years$2,131$1,471$992$656$427$54
34 years$2,046$1,394$927$603$387$45
35 years$1,966$1,322$866$555$350$38
36 years$1,890$1,255$810$512$317$32
37 years$1,819$1,192$759$471$288$26
38 years$1,751$1,133$710$434$261$22
39 years$1,687$1,077$666$401$236$19
40 years$1,627$1,025$624$369$214$16
41 years$1,570$976$585$341$195$13
42 years$1,515$929$549$315$176$11
43 years$1,463$885$515$290$160$9
44 years$1,414$844$483$268$145$8
45 years$1,367$805$454$248$132$6
46 years$1,322$768$426$229$120$5
47 years$1,279$733$400$211$109$5
48 years$1,238$699$376$195$99$4
49 years$1,199$668$354$180$90$3
50 years$1,162$638$333$167$82$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,190,000, adding $4,209 every year, while hoping to spend $24,074 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: 73/6/21 Blend
45$1,190,000$1,190,000$1,190,000$1,190,000
46$1,315,722$1,252,652$1,234,207$1,404,787
47$1,424,311$1,288,417$1,249,938$1,500,337
48$1,543,169$1,325,128$1,265,389$1,601,686
49$1,673,318$1,362,806$1,280,526$1,712,113
50$1,815,885$1,401,471$1,295,312$1,832,517
51$1,972,107$1,441,145$1,309,707$1,963,888
52$2,143,351$1,481,850$1,323,671$2,107,316
53$2,331,120$1,523,608$1,337,161$2,264,004
54$2,537,069$1,566,439$1,350,130$2,435,275
55$2,763,022$1,610,367$1,362,532$2,622,586
56$3,010,988$1,655,413$1,374,315$2,827,545
57$3,283,181$1,701,600$1,385,426$3,051,921
58$3,582,036$1,748,950$1,395,809$3,297,665
59$3,910,241$1,797,485$1,405,405$3,566,926
60$4,270,751$1,847,227$1,414,152$3,862,070
61$4,666,826$1,898,199$1,421,985$4,185,706
62$5,102,055$1,950,424$1,428,834$4,540,709
63$5,580,392$2,003,923$1,434,628$4,930,246
64$6,106,195$2,058,717$1,439,290$5,357,806
65$6,684,262$2,114,830$1,442,742$5,827,234
66$7,319,882$2,172,282$1,444,899$6,342,769
67$8,018,881$2,231,095$1,445,674$6,909,078
68$8,787,678$2,291,290$1,444,975$7,531,308
69$9,633,344$2,352,886$1,442,705$8,215,127
70$10,563,672$2,415,904$1,438,762$8,966,784
71$11,587,247$2,480,364$1,433,041$9,793,164
72$12,713,528$2,546,283$1,425,430$10,701,852
73$13,952,937$2,613,681$1,415,811$11,701,210
74$15,316,960$2,682,574$1,404,064$12,800,450
75$16,818,248$2,752,978$1,390,058$14,009,726
76$18,470,745$2,824,910$1,373,661$15,340,224
77$20,289,813$2,898,383$1,354,731$16,804,275
78$22,292,381$2,973,410$1,333,121$18,415,466
79$24,497,100$3,050,003$1,308,677$20,188,768
80$26,924,523$3,128,173$1,281,237$22,140,681
81$29,597,299$3,207,927$1,250,632$24,289,389
82$32,540,381$3,289,274$1,216,686$26,654,929
83$35,781,269$3,372,217$1,179,214$29,259,383
84$39,350,263$3,456,760$1,138,023$32,127,086
85$43,280,753$3,542,904$1,092,909$35,284,853
86$47,609,530$3,630,648$1,043,662$38,762,237
87$52,377,139$3,719,986$990,061$42,591,805
88$57,628,253$3,810,911$931,875$46,809,446
89$63,412,104$3,903,415$868,862$51,454,712
90$69,782,939$3,997,483$800,769$56,571,187
91$76,800,538$4,093,098$727,334$62,206,903
92$84,530,773$4,190,241$648,280$68,414,791
93$93,046,235$4,288,885$563,320$75,253,184
94$102,426,914$4,389,003$472,154$82,786,364
95$112,760,955$4,490,561$374,467$91,085,170
96$124,145,494$4,593,519$269,933$100,227,670
97$136,687,567$4,697,834$158,209$110,299,896
98$150,505,128$4,803,457$38,937$121,396,653
99$165,728,155$4,910,331$0$133,622,424
100$182,499,885$5,018,395$0$147,112,140