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%19.4%
1 years$100,746$99,849$98,974$98,119$97,285$93,610
2 years$49,874$48,946$48,045$47,173$46,326$42,666
3 years$32,919$31,987$31,089$30,224$29,391$25,862
4 years$24,443$23,513$22,625$21,775$20,962$17,590
5 years$19,359$18,435$17,558$16,725$15,935$12,729
6 years$15,971$15,053$14,189$13,375$12,609$9,571
7 years$13,552$12,642$11,791$10,996$10,254$7,383
8 years$11,738$10,836$10,000$9,225$8,507$5,801
9 years$10,328$9,435$8,613$7,857$7,164$4,618
10 years$9,201$8,317$7,509$6,773$6,104$3,714
11 years$8,279$7,404$6,611$5,895$5,250$3,011
12 years$7,512$6,645$5,867$5,170$4,549$2,456
13 years$6,863$6,005$5,242$4,565$3,967$2,012
14 years$6,307$5,459$4,710$4,052$3,478$1,656
15 years$5,826$4,987$4,252$3,614$3,062$1,366
16 years$5,405$4,575$3,855$3,236$2,706$1,131
17 years$5,034$4,213$3,508$2,907$2,399$937
18 years$4,705$3,893$3,202$2,620$2,133$779
19 years$4,411$3,608$2,932$2,367$1,902$648
20 years$4,146$3,353$2,691$2,144$1,699$539
21 years$3,907$3,123$2,475$1,946$1,520$449
22 years$3,690$2,915$2,281$1,769$1,362$375
23 years$3,493$2,727$2,106$1,611$1,223$313
24 years$3,312$2,555$1,948$1,470$1,099$261
25 years$3,145$2,398$1,804$1,342$989$218
26 years$2,992$2,253$1,673$1,227$891$183
27 years$2,850$2,121$1,554$1,123$803$153
28 years$2,719$1,998$1,444$1,029$725$128
29 years$2,597$1,885$1,344$944$655$107
30 years$2,483$1,780$1,252$866$591$89
31 years$2,377$1,683$1,167$795$535$75
32 years$2,278$1,592$1,089$731$484$63
33 years$2,185$1,508$1,017$672$438$52
34 years$2,097$1,429$950$619$396$44
35 years$2,015$1,356$888$569$359$37
36 years$1,938$1,287$831$524$325$31
37 years$1,864$1,222$778$483$295$26
38 years$1,795$1,161$728$445$267$22
39 years$1,730$1,104$682$411$242$18
40 years$1,668$1,051$640$379$220$15
41 years$1,609$1,000$600$349$199$13
42 years$1,553$953$563$323$181$11
43 years$1,500$908$528$298$164$9
44 years$1,450$865$495$275$149$7
45 years$1,401$825$465$254$135$6
46 years$1,355$787$437$234$123$5
47 years$1,312$751$411$217$112$4
48 years$1,270$717$386$200$101$4
49 years$1,230$685$363$185$92$3
50 years$1,191$654$341$171$84$3

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 $6,549 every year, while hoping to spend $52,306 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: 48/36/16 Blend
45$1,220,000$1,220,000$1,220,000$1,220,000
46$1,351,195$1,286,535$1,267,625$1,409,704
47$1,433,364$1,293,922$1,254,438$1,458,268
48$1,522,161$1,299,918$1,239,055$1,505,084
49$1,618,207$1,304,400$1,221,349$1,554,783
50$1,722,184$1,307,236$1,201,184$1,607,654
51$1,834,843$1,308,286$1,178,420$1,664,017
52$1,957,009$1,307,404$1,152,909$1,724,229
53$2,089,588$1,304,431$1,124,495$1,788,684
54$2,233,579$1,299,201$1,093,019$1,857,821
55$2,390,078$1,291,536$1,058,310$1,932,126
56$2,560,294$1,281,250$1,020,191$2,012,137
57$2,745,555$1,268,141$978,478$2,098,452
58$2,947,321$1,252,000$932,977$2,191,730
59$3,167,202$1,232,602$883,485$2,292,707
60$3,406,967$1,209,710$829,793$2,402,192
61$3,668,565$1,183,073$771,678$2,521,086
62$3,954,139$1,152,424$708,910$2,650,385
63$4,266,050$1,117,482$641,247$2,791,190
64$4,606,897$1,077,948$568,439$2,944,723
65$4,979,540$1,033,507$490,221$3,112,333
66$5,387,129$983,825$406,319$3,295,516
67$5,833,132$928,548$316,447$3,495,925
68$6,321,367$867,303$220,303$3,715,389
69$6,856,040$799,694$117,577$3,955,933
70$7,441,781$725,305$7,941$4,219,795
71$8,083,690$643,692$0$4,509,448
72$8,787,384$554,390$0$4,846,248
73$9,559,048$456,906$0$5,217,258
74$10,405,495$350,718$0$5,624,527
75$11,334,229$235,278$0$6,071,817
76$12,353,517$110,003$0$6,563,280
77$13,472,463$0$0$7,103,501
78$14,701,096$0$0$7,707,728
79$16,050,465$0$0$8,419,330
80$17,532,740$0$0$9,201,167
81$19,161,328$0$0$10,060,327
82$20,951,000$0$0$11,004,621
83$22,918,028$0$0$12,042,656
84$25,080,339$0$0$13,183,910
85$27,457,683$0$0$14,438,828
86$30,071,818$0$0$15,818,918
87$32,946,720$0$0$17,336,858
88$36,108,800$0$0$19,006,616
89$39,587,160$0$0$20,843,584
90$43,413,863$0$0$22,864,720
91$47,624,238$0$0$25,088,706
92$52,257,209$0$0$27,536,130
93$57,355,665$0$0$30,229,675
94$62,966,863$0$0$33,194,335
95$69,142,871$0$0$36,457,649
96$75,941,064$0$0$40,049,962
97$83,424,660$0$0$44,004,711
98$91,663,318$0$0$48,358,738
99$100,733,792$0$0$53,152,640
100$110,720,661$0$0$58,431,152