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%17.9%
1 years$99,095$98,212$97,351$96,510$95,690$92,627
2 years$49,057$48,143$47,258$46,399$45,567$42,509
3 years$32,380$31,462$30,579$29,728$28,909$25,953
4 years$24,043$23,128$22,254$21,418$20,618$17,786
5 years$19,042$18,133$17,270$16,451$15,674$12,973
6 years$15,709$14,807$13,956$13,156$12,402$9,835
7 years$13,329$12,435$11,598$10,816$10,086$7,653
8 years$11,546$10,659$9,836$9,073$8,367$6,066
9 years$10,159$9,280$8,472$7,729$7,047$4,874
10 years$9,050$8,180$7,386$6,662$6,004$3,957
11 years$8,143$7,282$6,502$5,798$5,164$3,239
12 years$7,388$6,536$5,771$5,086$4,475$2,668
13 years$6,750$5,907$5,156$4,490$3,902$2,209
14 years$6,204$5,369$4,632$3,986$3,421$1,837
15 years$5,730$4,905$4,182$3,554$3,012$1,532
16 years$5,316$4,500$3,792$3,183$2,662$1,281
17 years$4,952$4,144$3,451$2,860$2,360$1,074
18 years$4,628$3,830$3,150$2,577$2,098$902
19 years$4,339$3,549$2,884$2,329$1,870$759
20 years$4,078$3,298$2,646$2,109$1,671$639
21 years$3,843$3,072$2,434$1,914$1,495$539
22 years$3,630$2,868$2,244$1,740$1,340$455
23 years$3,435$2,682$2,071$1,585$1,203$384
24 years$3,257$2,513$1,916$1,446$1,081$325
25 years$3,094$2,358$1,774$1,320$973$275
26 years$2,943$2,216$1,646$1,207$876$232
27 years$2,804$2,086$1,528$1,105$790$197
28 years$2,675$1,966$1,421$1,012$713$167
29 years$2,555$1,854$1,322$928$644$141
30 years$2,443$1,751$1,231$852$582$119
31 years$2,338$1,655$1,148$782$526$101
32 years$2,241$1,566$1,071$719$476$86
33 years$2,149$1,483$1,000$661$431$73
34 years$2,063$1,406$934$608$390$62
35 years$1,982$1,333$874$560$353$52
36 years$1,906$1,266$817$516$320$44
37 years$1,834$1,202$765$475$290$38
38 years$1,766$1,142$716$438$263$32
39 years$1,702$1,086$671$404$238$27
40 years$1,641$1,034$629$373$216$23
41 years$1,583$984$590$344$196$19
42 years$1,528$937$553$317$178$16
43 years$1,476$893$519$293$162$14
44 years$1,426$851$487$270$147$12
45 years$1,378$811$458$250$133$10
46 years$1,333$774$430$231$121$9
47 years$1,290$739$404$213$110$7
48 years$1,249$705$379$197$100$6
49 years$1,209$673$357$182$91$5
50 years$1,172$643$335$168$82$4

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 $4,858 every year, while hoping to spend $35,692 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: 78/12/10 Blend
45$1,200,000$1,200,000$1,200,000$1,200,000
46$1,327,411$1,263,811$1,245,211$1,428,326
47$1,424,831$1,287,762$1,248,950$1,519,282
48$1,530,991$1,311,690$1,251,617$1,613,927
49$1,646,746$1,335,556$1,253,140$1,716,697
50$1,773,036$1,359,320$1,253,441$1,828,385
51$1,910,893$1,382,935$1,252,440$1,949,868
52$2,061,458$1,406,352$1,250,050$2,082,109
53$2,225,984$1,429,520$1,246,184$2,226,170
54$2,405,851$1,452,383$1,240,747$2,383,220
55$2,602,577$1,474,880$1,233,642$2,554,547
56$2,817,837$1,496,945$1,224,766$2,741,572
57$3,053,471$1,518,511$1,214,011$2,945,858
58$3,311,509$1,539,502$1,201,264$3,169,127
59$3,594,185$1,559,839$1,186,408$3,413,277
60$3,903,957$1,579,437$1,169,319$3,680,401
61$4,243,537$1,598,205$1,149,866$3,972,800
62$4,615,906$1,616,046$1,127,916$4,293,016
63$5,024,353$1,632,856$1,103,325$4,643,844
64$5,472,496$1,648,526$1,075,946$5,028,367
65$5,964,323$1,662,936$1,045,622$5,449,982
66$6,504,226$1,675,962$1,012,192$5,912,431
67$7,097,042$1,687,469$975,486$6,419,839
68$7,748,102$1,697,316$935,326$6,976,750
69$8,463,275$1,705,352$891,526$7,588,173
70$9,249,029$1,711,414$843,893$8,259,626
71$10,112,489$1,715,332$792,222$8,997,191
72$11,061,503$1,716,924$736,302$9,807,570
73$12,104,720$1,715,996$675,911$10,698,150
74$13,251,665$1,712,344$610,818$11,677,069
75$14,512,835$1,705,749$540,780$12,753,297
76$15,899,794$1,695,980$465,546$13,936,719
77$17,425,281$1,682,792$384,851$15,238,229
78$19,103,336$1,665,924$298,419$16,669,830
79$20,949,423$1,645,101$205,963$18,244,754
80$22,980,584$1,620,031$107,182$19,977,581
81$25,215,594$1,590,403$1,764$21,884,377
82$27,675,142$1,555,890$0$23,982,851
83$30,382,021$1,516,144$0$26,304,334
84$33,361,349$1,470,796$0$28,859,483
85$36,640,799$1,419,458$0$31,671,850
86$40,250,866$1,361,717$0$34,767,594
87$44,225,151$1,297,137$0$38,175,542
88$48,600,676$1,225,257$0$41,927,460
89$53,418,238$1,145,587$0$46,058,353
90$58,722,791$1,057,614$0$50,606,796
91$64,563,869$960,790$0$55,615,299
92$70,996,054$854,540$0$61,130,705
93$78,079,492$738,253$0$67,204,637
94$85,880,460$611,286$0$73,893,981
95$94,471,986$472,959$0$81,261,427
96$103,934,548$322,554$0$89,376,056
97$114,356,824$159,310$0$98,313,998
98$125,836,531$0$0$108,159,147
99$138,481,351$0$0$119,006,275
100$152,409,941$0$0$130,977,892