Can I retire at age 46 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$100,746$99,849$98,974$98,119$97,285$95,594
2 years$49,874$48,946$48,045$47,173$46,326$44,628
3 years$32,919$31,987$31,089$30,224$29,391$27,739
4 years$24,443$23,513$22,625$21,775$20,962$19,369
5 years$19,359$18,435$17,558$16,725$15,935$14,405
6 years$15,971$15,053$14,189$13,375$12,609$11,143
7 years$13,552$12,642$11,791$10,996$10,254$8,854
8 years$11,738$10,836$10,000$9,225$8,507$7,171
9 years$10,328$9,435$8,613$7,857$7,164$5,893
10 years$9,201$8,317$7,509$6,773$6,104$4,896
11 years$8,279$7,404$6,611$5,895$5,250$4,103
12 years$7,512$6,645$5,867$5,170$4,549$3,463
13 years$6,863$6,005$5,242$4,565$3,967$2,939
14 years$6,307$5,459$4,710$4,052$3,478$2,506
15 years$5,826$4,987$4,252$3,614$3,062$2,145
16 years$5,405$4,575$3,855$3,236$2,706$1,842
17 years$5,034$4,213$3,508$2,907$2,399$1,586
18 years$4,705$3,893$3,202$2,620$2,133$1,369
19 years$4,411$3,608$2,932$2,367$1,902$1,184
20 years$4,146$3,353$2,691$2,144$1,699$1,026
21 years$3,907$3,123$2,475$1,946$1,520$890
22 years$3,690$2,915$2,281$1,769$1,362$773
23 years$3,493$2,727$2,106$1,611$1,223$672
24 years$3,312$2,555$1,948$1,470$1,099$585
25 years$3,145$2,398$1,804$1,342$989$509
26 years$2,992$2,253$1,673$1,227$891$444
27 years$2,850$2,121$1,554$1,123$803$387
28 years$2,719$1,998$1,444$1,029$725$338
29 years$2,597$1,885$1,344$944$655$295
30 years$2,483$1,780$1,252$866$591$258
31 years$2,377$1,683$1,167$795$535$225
32 years$2,278$1,592$1,089$731$484$197
33 years$2,185$1,508$1,017$672$438$172
34 years$2,097$1,429$950$619$396$150
35 years$2,015$1,356$888$569$359$131
36 years$1,938$1,287$831$524$325$115
37 years$1,864$1,222$778$483$295$101
38 years$1,795$1,161$728$445$267$88
39 years$1,730$1,104$682$411$242$77
40 years$1,668$1,051$640$379$220$67
41 years$1,609$1,000$600$349$199$59
42 years$1,553$953$563$323$181$52
43 years$1,500$908$528$298$164$45
44 years$1,450$865$495$275$149$40
45 years$1,401$825$465$254$135$35
46 years$1,355$787$437$234$123$30
47 years$1,312$751$411$217$112$27
48 years$1,270$717$386$200$101$23
49 years$1,230$685$363$185$92$20
50 years$1,191$654$341$171$84$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,220,000, adding $5,344 every year, while hoping to spend $38,149 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: 42/29/29 Blend
45$1,220,000$1,220,000$1,220,000$1,220,000
46$1,349,952$1,285,292$1,266,382$1,394,996
47$1,447,057$1,307,681$1,268,216$1,450,379
48$1,552,788$1,329,889$1,268,832$1,506,341
49$1,667,985$1,351,866$1,268,150$1,566,228
50$1,793,571$1,373,559$1,266,085$1,630,426
51$1,930,564$1,394,912$1,262,548$1,699,361
52$2,080,083$1,415,864$1,257,444$1,773,505
53$2,243,359$1,436,349$1,250,677$1,853,379
54$2,421,750$1,456,299$1,242,143$1,939,559
55$2,616,748$1,475,637$1,231,734$2,032,681
56$2,829,997$1,494,283$1,219,338$2,133,448
57$3,063,307$1,512,154$1,204,836$2,242,636
58$3,318,671$1,529,156$1,188,105$2,361,103
59$3,598,284$1,545,194$1,169,015$2,489,796
60$3,904,563$1,560,161$1,147,430$2,629,762
61$4,240,168$1,573,949$1,123,209$2,782,157
62$4,608,032$1,586,439$1,096,203$2,948,256
63$5,011,381$1,597,505$1,066,256$3,129,468
64$5,453,772$1,607,012$1,033,205$3,327,352
65$5,939,120$1,614,820$996,882$3,543,623
66$6,471,740$1,620,775$957,106$3,780,181
67$7,056,382$1,624,718$913,694$4,039,118
68$7,698,280$1,626,476$866,450$4,322,748
69$8,403,199$1,625,868$815,170$4,633,622
70$9,177,490$1,622,700$759,643$4,974,558
71$10,028,150$1,616,768$699,647$5,348,666
72$10,962,886$1,607,854$634,950$5,759,376
73$11,990,188$1,595,727$565,308$6,210,476
74$13,119,411$1,580,142$490,470$6,706,145
75$14,360,861$1,560,839$410,171$7,250,997
76$15,725,892$1,537,543$324,135$7,850,118
77$17,227,014$1,509,963$232,074$8,509,124
78$18,878,007$1,477,790$133,687$9,234,211
79$20,694,058$1,440,696$28,660$10,032,213
80$22,691,897$1,398,335$0$10,910,670
81$24,889,957$1,350,340$0$11,903,713
82$27,308,550$1,296,323$0$13,005,847
83$29,970,052$1,235,873$0$14,218,425
84$32,899,123$1,168,557$0$15,552,729
85$36,122,932$1,093,914$0$17,021,191
86$39,671,413$1,011,458$0$18,637,518
87$43,577,555$920,677$0$20,416,822
88$47,877,701$821,026$0$22,375,757
89$52,611,903$711,932$0$24,532,685
90$57,824,289$592,790$0$26,907,846
91$63,563,487$462,957$0$29,523,550
92$69,883,079$321,757$0$32,404,389
93$76,842,106$168,477$0$35,577,474
94$84,505,630$2,361$0$39,072,684
95$92,945,340$0$0$42,922,959
96$102,240,234$0$0$47,221,211
97$112,477,364$0$0$51,956,225
98$123,752,653$0$0$57,171,641
99$136,171,803$0$0$62,916,380
100$149,851,292$0$0$69,244,350