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

Use the below retirement simulation to view the chances of a successful retirement.
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%14%
1 years$99,921$99,031$98,162$97,315$96,487$94,889
2 years$49,466$48,544$47,652$46,786$45,946$44,340
3 years$32,650$31,724$30,834$29,976$29,150$27,587
4 years$24,243$23,321$22,439$21,596$20,790$19,282
5 years$19,201$18,284$17,414$16,588$15,804$14,355
6 years$15,840$14,930$14,073$13,265$12,505$11,117
7 years$13,441$12,538$11,695$10,906$10,170$8,843
8 years$11,642$10,748$9,918$9,149$8,437$7,171
9 years$10,243$9,358$8,542$7,793$7,105$5,899
10 years$9,125$8,248$7,447$6,718$6,054$4,907
11 years$8,211$7,343$6,557$5,846$5,207$4,118
12 years$7,450$6,591$5,819$5,128$4,512$3,480
13 years$6,806$5,956$5,199$4,527$3,935$2,957
14 years$6,255$5,414$4,671$4,019$3,449$2,525
15 years$5,778$4,946$4,217$3,584$3,037$2,164
16 years$5,361$4,538$3,824$3,209$2,684$1,861
17 years$4,993$4,179$3,479$2,883$2,380$1,605
18 years$4,667$3,862$3,176$2,599$2,116$1,387
19 years$4,375$3,579$2,908$2,348$1,886$1,202
20 years$4,112$3,326$2,668$2,127$1,685$1,042
21 years$3,875$3,098$2,455$1,930$1,508$906
22 years$3,660$2,892$2,262$1,755$1,351$788
23 years$3,464$2,704$2,089$1,598$1,213$686
24 years$3,285$2,534$1,932$1,458$1,090$598
25 years$3,120$2,378$1,789$1,331$981$522
26 years$2,968$2,235$1,659$1,217$884$455
27 years$2,827$2,103$1,541$1,114$797$398
28 years$2,697$1,982$1,432$1,021$719$348
29 years$2,576$1,870$1,333$936$649$304
30 years$2,463$1,766$1,242$859$587$266
31 years$2,358$1,669$1,158$789$530$233
32 years$2,259$1,579$1,080$725$480$204
33 years$2,167$1,496$1,008$667$434$178
34 years$2,080$1,418$942$613$393$156
35 years$1,999$1,345$881$565$356$137
36 years$1,922$1,276$824$520$323$120
37 years$1,849$1,212$771$479$292$105
38 years$1,781$1,152$722$442$265$92
39 years$1,716$1,095$677$407$240$81
40 years$1,654$1,042$634$376$218$71
41 years$1,596$992$595$347$198$62
42 years$1,541$945$558$320$179$54
43 years$1,488$900$524$295$163$48
44 years$1,438$858$491$273$148$42
45 years$1,390$818$461$252$134$37
46 years$1,344$781$433$233$122$32
47 years$1,301$745$407$215$111$28
48 years$1,259$711$383$199$100$25
49 years$1,219$679$360$183$91$22
50 years$1,181$649$338$170$83$19

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 $4,870 every year, while hoping to spend $21,105 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: 56/16/28 Blend
45$1,210,000$1,210,000$1,210,000$1,210,000
46$1,338,443$1,274,313$1,255,558$1,402,821
47$1,452,509$1,314,299$1,275,164$1,487,641
48$1,577,502$1,355,537$1,294,719$1,577,409
49$1,714,515$1,398,066$1,314,200$1,674,792
50$1,864,750$1,441,926$1,333,580$1,780,531
51$2,029,533$1,487,159$1,352,834$1,895,443
52$2,210,323$1,533,807$1,371,931$2,020,428
53$2,408,728$1,581,916$1,390,843$2,156,476
54$2,626,518$1,631,529$1,409,536$2,304,678
55$2,865,644$1,682,695$1,427,976$2,466,237
56$3,128,254$1,735,461$1,446,128$2,642,475
57$3,416,715$1,789,878$1,463,952$2,834,851
58$3,733,634$1,845,997$1,481,409$3,044,971
59$4,081,885$1,903,870$1,498,456$3,274,604
60$4,464,631$1,963,553$1,515,048$3,525,698
61$4,885,358$2,025,102$1,531,137$3,800,403
62$5,347,907$2,088,575$1,546,673$4,101,081
63$5,856,510$2,154,032$1,561,603$4,430,341
64$6,415,829$2,221,534$1,575,871$4,791,053
65$7,031,000$2,291,146$1,589,419$5,186,380
66$7,707,682$2,362,932$1,602,185$5,619,809
67$8,452,110$2,436,961$1,614,103$6,095,179
68$9,271,155$2,513,302$1,625,105$6,616,723
69$10,172,386$2,592,026$1,635,119$7,189,102
70$11,164,143$2,673,209$1,644,069$7,817,455
71$12,255,616$2,756,927$1,651,876$8,507,442
72$13,456,930$2,843,257$1,658,455$9,265,301
73$14,779,242$2,932,282$1,663,718$10,097,905
74$16,234,845$3,024,084$1,667,573$11,012,829
75$17,837,286$3,118,751$1,669,924$12,018,418
76$19,601,490$3,216,371$1,670,667$13,123,868
77$21,543,904$3,317,035$1,669,697$14,339,315
78$23,682,651$3,420,839$1,666,900$15,675,925
79$26,037,700$3,527,878$1,662,160$17,146,004
80$28,631,056$3,638,255$1,655,353$18,763,113
81$31,486,965$3,752,071$1,646,349$20,542,196
82$34,632,147$3,869,434$1,635,013$22,499,719
83$38,096,043$3,990,453$1,621,203$24,653,830
84$41,911,096$4,115,242$1,604,770$27,024,525
85$46,113,056$4,243,917$1,585,558$29,633,842
86$50,741,318$4,376,599$1,563,404$32,506,064
87$55,839,291$4,513,411$1,538,136$35,667,952
88$61,454,811$4,654,481$1,509,577$39,148,996
89$67,640,592$4,799,941$1,477,538$42,981,695
90$74,454,721$4,949,926$1,441,823$47,201,862
91$81,961,206$5,104,576$1,402,228$51,848,962
92$90,230,584$5,264,035$1,358,538$56,966,487
93$99,340,583$5,428,452$1,310,528$62,602,365
94$109,376,856$5,597,979$1,257,964$68,809,411
95$120,433,789$5,772,775$1,200,600$75,645,830
96$132,615,396$5,953,001$1,138,181$83,175,762
97$146,036,293$6,138,825$1,070,437$91,469,891
98$160,822,787$6,330,419$997,088$100,606,112
99$177,114,063$6,527,962$917,843$110,670,263
100$195,063,501$6,731,635$832,394$121,756,942