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

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$100,746$99,849$98,974$98,119$97,285$96,029
2 years$49,874$48,946$48,045$47,173$46,326$45,063
3 years$32,919$31,987$31,089$30,224$29,391$28,160
4 years$24,443$23,513$22,625$21,775$20,962$19,772
5 years$19,359$18,435$17,558$16,725$15,935$14,789
6 years$15,971$15,053$14,189$13,375$12,609$11,509
7 years$13,552$12,642$11,791$10,996$10,254$9,201
8 years$11,738$10,836$10,000$9,225$8,507$7,500
9 years$10,328$9,435$8,613$7,857$7,164$6,203
10 years$9,201$8,317$7,509$6,773$6,104$5,188
11 years$8,279$7,404$6,611$5,895$5,250$4,378
12 years$7,512$6,645$5,867$5,170$4,549$3,721
13 years$6,863$6,005$5,242$4,565$3,967$3,181
14 years$6,307$5,459$4,710$4,052$3,478$2,733
15 years$5,826$4,987$4,252$3,614$3,062$2,357
16 years$5,405$4,575$3,855$3,236$2,706$2,040
17 years$5,034$4,213$3,508$2,907$2,399$1,770
18 years$4,705$3,893$3,202$2,620$2,133$1,540
19 years$4,411$3,608$2,932$2,367$1,902$1,343
20 years$4,146$3,353$2,691$2,144$1,699$1,173
21 years$3,907$3,123$2,475$1,946$1,520$1,026
22 years$3,690$2,915$2,281$1,769$1,362$898
23 years$3,493$2,727$2,106$1,611$1,223$788
24 years$3,312$2,555$1,948$1,470$1,099$692
25 years$3,145$2,398$1,804$1,342$989$608
26 years$2,992$2,253$1,673$1,227$891$534
27 years$2,850$2,121$1,554$1,123$803$470
28 years$2,719$1,998$1,444$1,029$725$414
29 years$2,597$1,885$1,344$944$655$364
30 years$2,483$1,780$1,252$866$591$321
31 years$2,377$1,683$1,167$795$535$283
32 years$2,278$1,592$1,089$731$484$250
33 years$2,185$1,508$1,017$672$438$220
34 years$2,097$1,429$950$619$396$194
35 years$2,015$1,356$888$569$359$172
36 years$1,938$1,287$831$524$325$151
37 years$1,864$1,222$778$483$295$134
38 years$1,795$1,161$728$445$267$118
39 years$1,730$1,104$682$411$242$104
40 years$1,668$1,051$640$379$220$92
41 years$1,609$1,000$600$349$199$81
42 years$1,553$953$563$323$181$72
43 years$1,500$908$528$298$164$64
44 years$1,450$865$495$275$149$56
45 years$1,401$825$465$254$135$50
46 years$1,355$787$437$234$123$44
47 years$1,312$751$411$217$112$39
48 years$1,270$717$386$200$101$34
49 years$1,230$685$363$185$92$30
50 years$1,191$654$341$171$84$27

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 $6,186 every year, while hoping to spend $37,712 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: 63/22/15 Blend
45$1,220,000$1,220,000$1,220,000$1,220,000
46$1,350,821$1,286,161$1,267,251$1,430,586
47$1,448,479$1,309,057$1,269,578$1,507,755
48$1,554,835$1,331,812$1,270,720$1,587,123
49$1,670,735$1,354,378$1,270,596$1,672,880
50$1,797,112$1,376,705$1,269,123$1,765,651
51$1,934,993$1,398,738$1,266,214$1,866,121
52$2,085,506$1,420,420$1,261,776$1,975,047
53$2,249,896$1,441,689$1,255,714$2,093,263
54$2,429,531$1,462,478$1,247,926$2,221,688
55$2,625,918$1,482,714$1,238,307$2,361,337
56$2,840,718$1,502,323$1,226,746$2,513,326
57$3,075,755$1,521,221$1,213,126$2,678,887
58$3,333,043$1,539,322$1,197,327$2,859,378
59$3,614,797$1,556,532$1,179,220$3,056,295
60$3,923,455$1,572,751$1,158,674$3,271,289
61$4,261,706$1,587,874$1,135,547$3,506,179
62$4,632,506$1,601,786$1,109,694$3,762,970
63$5,039,116$1,614,367$1,080,963$4,043,873
64$5,485,123$1,625,489$1,049,193$4,351,326
65$5,974,482$1,635,014$1,014,217$4,688,016
66$6,511,547$1,642,798$975,861$5,056,906
67$7,101,114$1,648,684$933,941$5,461,260
68$7,748,466$1,652,508$888,267$5,904,681
69$8,459,424$1,654,095$838,639$6,391,138
70$9,240,399$1,653,260$784,847$6,925,006
71$10,098,454$1,649,804$726,674$7,511,110
72$11,041,370$1,643,518$663,891$8,154,769
73$12,077,720$1,634,180$596,261$8,861,844
74$13,216,945$1,621,553$523,534$9,638,802
75$14,469,452$1,605,388$445,451$10,492,765
76$15,846,702$1,585,418$361,739$11,431,590
77$17,361,325$1,561,363$272,117$12,463,936
78$19,027,235$1,532,924$176,287$13,599,348
79$20,859,761$1,499,786$73,942$14,848,348
80$22,875,796$1,461,614$0$16,222,538
81$25,093,948$1,418,054$0$17,740,349
82$27,534,724$1,368,732$0$19,423,228
83$30,220,717$1,313,251$0$21,274,921
84$33,176,821$1,251,191$0$23,312,614
85$36,430,465$1,182,108$0$25,555,247
86$40,011,874$1,105,532$0$28,023,696
87$43,954,349$1,020,968$0$30,740,966
88$48,294,587$927,890$0$33,732,411
89$53,073,022$825,743$0$37,025,976
90$58,334,207$713,941$0$40,652,456
91$64,127,236$591,865$0$44,645,792
92$70,506,208$458,859$0$49,043,391
93$77,530,731$314,233$0$53,886,477
94$85,266,491$157,257$0$59,220,485
95$93,785,869$0$0$65,095,486
96$103,168,623$0$0$71,569,774
97$113,502,641$0$0$78,742,503
98$124,884,769$0$0$86,642,837
99$137,421,728$0$0$95,344,867
100$151,231,115$0$0$104,930,234