Can I retire at age 46 with 1,200,000?

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 $1,200,000?

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$99,095$98,212$97,351$96,510$95,690$92,148
2 years$49,057$48,143$47,258$46,399$45,567$42,038
3 years$32,380$31,462$30,579$29,728$28,909$25,506
4 years$24,043$23,128$22,254$21,418$20,618$17,365
5 years$19,042$18,133$17,270$16,451$15,674$12,579
6 years$15,709$14,807$13,956$13,156$12,402$9,469
7 years$13,329$12,435$11,598$10,816$10,086$7,313
8 years$11,546$10,659$9,836$9,073$8,367$5,752
9 years$10,159$9,280$8,472$7,729$7,047$4,586
10 years$9,050$8,180$7,386$6,662$6,004$3,693
11 years$8,143$7,282$6,502$5,798$5,164$2,997
12 years$7,388$6,536$5,771$5,086$4,475$2,448
13 years$6,750$5,907$5,156$4,490$3,902$2,009
14 years$6,204$5,369$4,632$3,986$3,421$1,655
15 years$5,730$4,905$4,182$3,554$3,012$1,368
16 years$5,316$4,500$3,792$3,183$2,662$1,133
17 years$4,952$4,144$3,451$2,860$2,360$941
18 years$4,628$3,830$3,150$2,577$2,098$783
19 years$4,339$3,549$2,884$2,329$1,870$652
20 years$4,078$3,298$2,646$2,109$1,671$544
21 years$3,843$3,072$2,434$1,914$1,495$454
22 years$3,630$2,868$2,244$1,740$1,340$379
23 years$3,435$2,682$2,071$1,585$1,203$317
24 years$3,257$2,513$1,916$1,446$1,081$265
25 years$3,094$2,358$1,774$1,320$973$222
26 years$2,943$2,216$1,646$1,207$876$186
27 years$2,804$2,086$1,528$1,105$790$156
28 years$2,675$1,966$1,421$1,012$713$130
29 years$2,555$1,854$1,322$928$644$109
30 years$2,443$1,751$1,231$852$582$92
31 years$2,338$1,655$1,148$782$526$77
32 years$2,241$1,566$1,071$719$476$64
33 years$2,149$1,483$1,000$661$431$54
34 years$2,063$1,406$934$608$390$45
35 years$1,982$1,333$874$560$353$38
36 years$1,906$1,266$817$516$320$32
37 years$1,834$1,202$765$475$290$27
38 years$1,766$1,142$716$438$263$22
39 years$1,702$1,086$671$404$238$19
40 years$1,641$1,034$629$373$216$16
41 years$1,583$984$590$344$196$13
42 years$1,528$937$553$317$178$11
43 years$1,476$893$519$293$162$9
44 years$1,426$851$487$270$147$8
45 years$1,378$811$458$250$133$7
46 years$1,333$774$430$231$121$5
47 years$1,290$739$404$213$110$5
48 years$1,249$705$379$197$100$4
49 years$1,209$673$357$182$91$3
50 years$1,172$643$335$168$82$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,200,000, adding $5,589 every year, while hoping to spend $51,039 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: 49/21/30 Blend
45$1,200,000$1,200,000$1,200,000$1,200,000
46$1,328,165$1,264,565$1,245,965$1,381,660
47$1,409,333$1,272,224$1,233,400$1,427,504
48$1,497,069$1,278,547$1,218,703$1,471,836
49$1,591,990$1,283,415$1,201,749$1,519,032
50$1,694,773$1,286,703$1,182,408$1,569,388
51$1,806,162$1,288,273$1,160,541$1,623,234
52$1,926,976$1,287,984$1,136,004$1,680,936
53$2,058,116$1,285,684$1,108,649$1,742,901
54$2,200,571$1,281,210$1,078,316$1,809,579
55$2,355,432$1,274,392$1,044,842$1,881,469
56$2,523,896$1,265,047$1,008,055$1,959,126
57$2,707,282$1,252,983$967,773$2,043,163
58$2,907,041$1,237,995$923,809$2,134,260
59$3,124,769$1,219,867$875,967$2,233,171
60$3,362,223$1,198,368$824,040$2,340,731
61$3,621,338$1,173,257$767,813$2,457,862
62$3,904,242$1,144,273$707,062$2,585,590
63$4,213,278$1,111,146$641,552$2,725,046
64$4,551,026$1,073,586$571,038$2,877,483
65$4,920,326$1,031,287$495,263$3,044,290
66$5,324,305$983,926$413,961$3,227,000
67$5,766,407$931,161$326,851$3,427,311
68$6,250,422$872,629$233,642$3,647,099
69$6,780,526$807,949$134,029$3,888,442
70$7,361,315$736,715$27,695$4,153,634
71$7,997,855$658,499$0$4,445,212
72$8,695,720$572,850$0$4,793,440
73$9,461,054$479,289$0$5,185,204
74$10,300,620$377,313$0$5,615,170
75$11,221,870$266,388$0$6,087,244
76$12,233,011$145,951$0$6,605,731
77$13,343,083$15,408$0$7,175,383
78$14,562,045$0$0$7,801,436
79$15,900,868$0$0$8,518,755
80$17,371,635$0$0$9,310,817
81$18,987,660$0$0$10,181,248
82$20,763,610$0$0$11,137,967
83$22,715,641$0$0$12,189,695
84$24,861,556$0$0$13,346,042
85$27,220,964$0$0$14,617,596
86$29,815,473$0$0$16,016,022
87$32,668,889$0$0$17,554,172
88$35,807,438$0$0$19,246,205
89$39,260,018$0$0$21,107,723
90$43,058,469$0$0$23,155,915
91$47,237,870$0$0$25,409,722
92$51,836,874$0$0$27,890,012
93$56,898,070$0$0$30,619,780
94$62,468,384$0$0$33,624,361
95$68,599,522$0$0$36,931,672
96$75,348,455$0$0$40,572,474
97$82,777,961$0$0$44,580,661
98$90,957,211$0$0$48,993,583
99$99,962,425$0$0$53,852,391
100$109,877,591$0$0$59,202,435