Can I retire at age 46 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$99,921$99,031$98,162$97,315$96,487$93,926
2 years$49,466$48,544$47,652$46,786$45,946$43,384
3 years$32,650$31,724$30,834$29,976$29,150$26,667
4 years$24,243$23,321$22,439$21,596$20,790$18,405
5 years$19,201$18,284$17,414$16,588$15,804$13,523
6 years$15,840$14,930$14,073$13,265$12,505$10,331
7 years$13,441$12,538$11,695$10,906$10,170$8,103
8 years$11,642$10,748$9,918$9,149$8,437$6,476
9 years$10,243$9,358$8,542$7,793$7,105$5,248
10 years$9,125$8,248$7,447$6,718$6,054$4,299
11 years$8,211$7,343$6,557$5,846$5,207$3,550
12 years$7,450$6,591$5,819$5,128$4,512$2,952
13 years$6,806$5,956$5,199$4,527$3,935$2,467
14 years$6,255$5,414$4,671$4,019$3,449$2,071
15 years$5,778$4,946$4,217$3,584$3,037$1,745
16 years$5,361$4,538$3,824$3,209$2,684$1,474
17 years$4,993$4,179$3,479$2,883$2,380$1,248
18 years$4,667$3,862$3,176$2,599$2,116$1,060
19 years$4,375$3,579$2,908$2,348$1,886$901
20 years$4,112$3,326$2,668$2,127$1,685$767
21 years$3,875$3,098$2,455$1,930$1,508$654
22 years$3,660$2,892$2,262$1,755$1,351$558
23 years$3,464$2,704$2,089$1,598$1,213$476
24 years$3,285$2,534$1,932$1,458$1,090$407
25 years$3,120$2,378$1,789$1,331$981$348
26 years$2,968$2,235$1,659$1,217$884$298
27 years$2,827$2,103$1,541$1,114$797$255
28 years$2,697$1,982$1,432$1,021$719$218
29 years$2,576$1,870$1,333$936$649$187
30 years$2,463$1,766$1,242$859$587$160
31 years$2,358$1,669$1,158$789$530$137
32 years$2,259$1,579$1,080$725$480$118
33 years$2,167$1,496$1,008$667$434$101
34 years$2,080$1,418$942$613$393$87
35 years$1,999$1,345$881$565$356$74
36 years$1,922$1,276$824$520$323$64
37 years$1,849$1,212$771$479$292$55
38 years$1,781$1,152$722$442$265$47
39 years$1,716$1,095$677$407$240$40
40 years$1,654$1,042$634$376$218$35
41 years$1,596$992$595$347$198$30
42 years$1,541$945$558$320$179$25
43 years$1,488$900$524$295$163$22
44 years$1,438$858$491$273$148$19
45 years$1,390$818$461$252$134$16
46 years$1,344$781$433$233$122$14
47 years$1,301$745$407$215$111$12
48 years$1,259$711$383$199$100$10
49 years$1,219$679$360$183$91$9
50 years$1,181$649$338$170$83$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,210,000, adding $2,055 every year, while hoping to spend $37,886 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: 63/19/18 Blend
45$1,210,000$1,210,000$1,210,000$1,210,000
46$1,335,540$1,271,410$1,252,655$1,413,479
47$1,431,454$1,293,398$1,254,308$1,488,136
48$1,535,883$1,315,195$1,254,747$1,565,164
49$1,649,653$1,336,749$1,253,891$1,648,391
50$1,773,676$1,358,009$1,251,656$1,738,424
51$1,908,957$1,378,917$1,247,952$1,835,933
52$2,056,598$1,399,412$1,242,686$1,941,654
53$2,217,816$1,419,428$1,235,761$2,056,401
54$2,393,949$1,438,896$1,227,075$2,181,069
55$2,586,470$1,457,740$1,216,520$2,316,646
56$2,797,001$1,475,880$1,203,984$2,464,222
57$3,027,327$1,493,230$1,189,349$2,624,997
58$3,279,414$1,509,698$1,172,493$2,800,296
59$3,555,429$1,525,188$1,153,286$2,991,579
60$3,857,755$1,539,595$1,131,594$3,200,454
61$4,189,018$1,552,807$1,107,274$3,428,697
62$4,552,110$1,564,706$1,080,179$3,678,264
63$4,950,215$1,575,166$1,050,155$3,951,313
64$5,386,841$1,584,054$1,017,039$4,250,222
65$5,865,852$1,591,225$980,663$4,577,614
66$6,391,502$1,596,529$940,849$4,936,379
67$6,968,480$1,599,804$897,412$5,329,706
68$7,601,949$1,600,878$850,159$5,761,109
69$8,297,596$1,599,569$798,888$6,234,464
70$9,061,687$1,595,684$743,387$6,754,043
71$9,901,123$1,589,017$683,435$7,324,555
72$10,823,510$1,579,351$618,802$7,951,193
73$11,837,223$1,566,454$549,246$8,639,683
74$12,951,490$1,550,081$474,517$9,396,335
75$14,176,479$1,529,972$394,350$10,228,108
76$15,523,391$1,505,851$308,472$11,142,673
77$17,004,567$1,477,428$216,596$12,148,486
78$18,633,603$1,444,392$118,422$13,254,869
79$20,425,479$1,406,416$13,638$14,472,100
80$22,396,702$1,363,154$0$15,811,507
81$24,565,455$1,314,239$0$17,304,439
82$26,951,777$1,259,282$0$18,949,825
83$29,577,743$1,197,872$0$20,760,289
84$32,467,680$1,129,575$0$22,752,631
85$35,648,391$1,053,931$0$24,945,369
86$39,149,407$970,454$0$27,358,908
87$43,003,271$878,631$0$30,015,737
88$47,245,839$777,918$0$32,940,642
89$51,916,620$667,742$0$36,160,937
90$57,059,150$547,495$0$39,706,726
91$62,721,399$416,538$0$43,611,186
92$68,956,227$274,194$0$47,910,878
93$75,821,881$119,749$0$52,646,099
94$83,382,544$0$0$57,861,257
95$91,708,939$0$0$63,615,235
96$100,879,000$0$0$69,979,922
97$110,978,603$0$0$76,989,898
98$122,102,379$0$0$84,710,860
99$134,354,605$0$0$93,215,202
100$147,850,188$0$0$102,582,698