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%16.7%
1 years$99,095$98,212$97,351$96,510$95,690$93,074
2 years$49,057$48,143$47,258$46,399$45,567$42,951
3 years$32,380$31,462$30,579$29,728$28,909$26,375
4 years$24,043$23,128$22,254$21,418$20,618$18,185
5 years$19,042$18,133$17,270$16,451$15,674$13,348
6 years$15,709$14,807$13,956$13,156$12,402$10,186
7 years$13,329$12,435$11,598$10,816$10,086$7,980
8 years$11,546$10,659$9,836$9,073$8,367$6,370
9 years$10,159$9,280$8,472$7,729$7,047$5,156
10 years$9,050$8,180$7,386$6,662$6,004$4,218
11 years$8,143$7,282$6,502$5,798$5,164$3,479
12 years$7,388$6,536$5,771$5,086$4,475$2,889
13 years$6,750$5,907$5,156$4,490$3,902$2,411
14 years$6,204$5,369$4,632$3,986$3,421$2,021
15 years$5,730$4,905$4,182$3,554$3,012$1,700
16 years$5,316$4,500$3,792$3,183$2,662$1,435
17 years$4,952$4,144$3,451$2,860$2,360$1,213
18 years$4,628$3,830$3,150$2,577$2,098$1,028
19 years$4,339$3,549$2,884$2,329$1,870$873
20 years$4,078$3,298$2,646$2,109$1,671$742
21 years$3,843$3,072$2,434$1,914$1,495$631
22 years$3,630$2,868$2,244$1,740$1,340$538
23 years$3,435$2,682$2,071$1,585$1,203$459
24 years$3,257$2,513$1,916$1,446$1,081$391
25 years$3,094$2,358$1,774$1,320$973$334
26 years$2,943$2,216$1,646$1,207$876$286
27 years$2,804$2,086$1,528$1,105$790$244
28 years$2,675$1,966$1,421$1,012$713$209
29 years$2,555$1,854$1,322$928$644$178
30 years$2,443$1,751$1,231$852$582$153
31 years$2,338$1,655$1,148$782$526$131
32 years$2,241$1,566$1,071$719$476$112
33 years$2,149$1,483$1,000$661$431$96
34 years$2,063$1,406$934$608$390$82
35 years$1,982$1,333$874$560$353$70
36 years$1,906$1,266$817$516$320$60
37 years$1,834$1,202$765$475$290$51
38 years$1,766$1,142$716$438$263$44
39 years$1,702$1,086$671$404$238$38
40 years$1,641$1,034$629$373$216$32
41 years$1,583$984$590$344$196$28
42 years$1,528$937$553$317$178$24
43 years$1,476$893$519$293$162$20
44 years$1,426$851$487$270$147$17
45 years$1,378$811$458$250$133$15
46 years$1,333$774$430$231$121$13
47 years$1,290$739$404$213$110$11
48 years$1,249$705$379$197$100$9
49 years$1,209$673$357$182$91$8
50 years$1,172$643$335$168$82$7

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 $6,417 every year, while hoping to spend $44,722 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: 47/45/8 Blend
45$1,200,000$1,200,000$1,200,000$1,200,000
46$1,329,019$1,265,419$1,246,819$1,388,299
47$1,416,995$1,279,841$1,241,004$1,444,131
48$1,512,446$1,293,470$1,233,495$1,499,491
49$1,616,087$1,306,221$1,224,188$1,558,533
50$1,728,704$1,318,003$1,212,974$1,621,612
51$1,851,163$1,328,716$1,199,740$1,689,121
52$1,984,416$1,338,258$1,184,366$1,761,494
53$2,129,510$1,346,516$1,166,726$1,839,212
54$2,287,599$1,353,374$1,146,690$1,922,804
55$2,459,951$1,358,706$1,124,121$2,012,858
56$2,647,961$1,362,378$1,098,874$2,110,022
57$2,853,167$1,364,248$1,070,800$2,215,012
58$3,077,260$1,364,166$1,039,742$2,328,620
59$3,322,102$1,361,972$1,005,535$2,451,723
60$3,589,743$1,357,496$968,008$2,585,287
61$3,882,441$1,350,557$926,980$2,730,382
62$4,202,679$1,340,964$882,263$2,888,189
63$4,553,196$1,328,514$833,662$3,060,014
64$4,937,003$1,312,992$780,971$3,247,299
65$5,357,419$1,294,171$723,975$3,451,636
66$5,818,098$1,271,807$662,450$3,674,787
67$6,323,064$1,245,646$596,163$3,918,695
68$6,876,749$1,215,416$524,867$4,185,509
69$7,484,036$1,180,829$448,308$4,477,599
70$8,150,300$1,141,582$366,219$4,797,586
71$8,881,465$1,097,354$278,321$5,148,362
72$9,684,053$1,047,803$184,324$5,533,122
73$10,565,250$992,569$83,923$5,955,391
74$11,532,972$931,272$0$6,419,065
75$12,595,939$863,508$0$6,930,425
76$13,763,757$788,852$0$7,500,007
77$15,047,008$706,853$0$8,125,909
78$16,457,349$617,035$0$8,813,945
79$18,007,626$518,897$0$9,570,530
80$19,711,986$411,905$0$10,402,741
81$21,586,021$295,500$0$11,318,387
82$23,646,904$169,089$0$12,326,086
83$25,913,559$32,045$0$13,435,341
84$28,406,835$0$0$14,656,641
85$31,149,704$0$0$16,059,137
86$34,167,474$0$0$17,619,813
87$37,488,032$0$0$19,337,241
88$41,142,105$0$0$21,227,333
89$45,163,548$0$0$23,307,622
90$49,589,663$0$0$25,597,427
91$54,461,555$0$0$28,118,032
92$59,824,512$0$0$30,892,894
93$65,728,440$0$0$33,947,857
94$72,228,325$0$0$37,311,398
95$79,384,760$0$0$41,014,898
96$87,264,509$0$0$45,092,934
97$95,941,141$0$0$49,583,606
98$105,495,723$0$0$54,528,899
99$116,017,583$0$0$59,975,077
100$127,605,153$0$0$65,973,119