Can I retire at age 46 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$101,572$100,667$99,785$98,923$98,082$96,023
2 years$50,283$49,347$48,439$47,559$46,706$44,641
3 years$33,189$32,249$31,343$30,472$29,632$27,626
4 years$24,644$23,706$22,810$21,953$21,134$19,202
5 years$19,518$18,586$17,701$16,862$16,066$14,214
6 years$16,102$15,177$14,305$13,485$12,712$10,942
7 years$13,663$12,745$11,888$11,087$10,338$8,650
8 years$11,834$10,925$10,082$9,300$8,577$6,970
9 years$10,413$9,512$8,683$7,922$7,223$5,696
10 years$9,276$8,385$7,570$6,829$6,154$4,706
11 years$8,347$7,464$6,665$5,943$5,293$3,922
12 years$7,573$6,700$5,915$5,213$4,587$3,291
13 years$6,919$6,055$5,285$4,602$4,000$2,776
14 years$6,359$5,503$4,748$4,085$3,506$2,353
15 years$5,873$5,027$4,287$3,643$3,087$2,002
16 years$5,449$4,613$3,887$3,262$2,728$1,708
17 years$5,076$4,248$3,537$2,931$2,419$1,461
18 years$4,744$3,925$3,229$2,641$2,151$1,253
19 years$4,447$3,638$2,956$2,387$1,917$1,077
20 years$4,180$3,381$2,713$2,162$1,712$926
21 years$3,939$3,149$2,495$1,962$1,532$798
22 years$3,721$2,939$2,300$1,784$1,374$688
23 years$3,521$2,749$2,123$1,625$1,233$594
24 years$3,339$2,576$1,964$1,482$1,108$514
25 years$3,171$2,417$1,819$1,353$997$444
26 years$3,017$2,272$1,687$1,237$898$384
27 years$2,874$2,138$1,566$1,132$810$333
28 years$2,741$2,015$1,456$1,038$731$288
29 years$2,618$1,901$1,355$951$660$250
30 years$2,504$1,795$1,262$873$596$217
31 years$2,397$1,697$1,177$802$539$188
32 years$2,297$1,606$1,098$737$488$163
33 years$2,203$1,520$1,025$678$441$141
34 years$2,115$1,441$958$624$400$123
35 years$2,032$1,367$895$574$362$106
36 years$1,954$1,297$838$529$328$92
37 years$1,880$1,232$784$487$297$80
38 years$1,810$1,171$734$449$269$70
39 years$1,744$1,113$688$414$244$60
40 years$1,682$1,059$645$382$222$52
41 years$1,622$1,008$605$352$201$46
42 years$1,566$960$567$325$182$40
43 years$1,512$915$532$300$166$34
44 years$1,461$872$500$277$150$30
45 years$1,413$832$469$256$136$26
46 years$1,366$793$441$236$124$23
47 years$1,322$757$414$218$112$20
48 years$1,280$723$389$202$102$17
49 years$1,240$690$366$187$93$15
50 years$1,201$659$344$172$84$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,230,000, adding $4,749 every year, while hoping to spend $57,004 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: 49/44/7 Blend
45$1,230,000$1,230,000$1,230,000$1,230,000
46$1,360,359$1,295,169$1,276,104$1,424,322
47$1,438,463$1,297,980$1,258,201$1,471,343
48$1,522,624$1,299,019$1,237,789$1,515,932
49$1,613,399$1,298,138$1,214,722$1,563,019
50$1,711,400$1,295,180$1,188,849$1,612,851
51$1,817,300$1,289,982$1,160,013$1,665,704
52$1,931,839$1,282,365$1,128,047$1,721,884
53$2,055,830$1,272,145$1,092,780$1,781,733
54$2,190,167$1,259,122$1,054,031$1,845,628
55$2,335,832$1,243,087$1,011,609$1,913,990
56$2,493,907$1,223,818$965,318$1,987,285
57$2,665,579$1,201,079$914,950$2,066,033
58$2,852,157$1,174,621$860,290$2,150,807
59$3,055,079$1,144,179$801,111$2,242,247
60$3,275,927$1,109,474$737,178$2,341,062
61$3,516,442$1,070,209$668,244$2,448,036
62$3,778,540$1,026,070$594,052$2,564,041
63$4,064,330$976,726$514,331$2,690,044
64$4,376,132$921,827$428,802$2,827,116
65$4,716,502$861,000$337,171$2,976,444
66$5,088,250$793,854$239,131$3,139,343
67$5,494,473$719,974$134,363$3,317,269
68$5,938,577$638,921$22,532$3,511,838
69$6,424,316$550,232$0$3,724,837
70$6,955,820$453,417$0$3,965,474
71$7,537,639$347,960$0$4,230,975
72$8,174,782$233,313$0$4,522,110
73$8,872,764$108,901$0$4,841,589
74$9,637,662$0$0$5,192,412
75$10,476,166$0$0$5,590,429
76$11,395,643$0$0$6,084,835
77$12,404,212$0$0$6,627,281
78$13,510,810$0$0$7,222,593
79$14,725,283$0$0$7,876,086
80$16,058,480$0$0$8,593,614
81$17,522,345$0$0$9,381,626
82$19,130,040$0$0$10,247,227
83$20,896,064$0$0$11,198,242
84$22,836,387$0$0$12,243,293
85$24,968,604$0$0$13,391,879
86$27,312,098$0$0$14,654,463
87$29,888,225$0$0$16,042,574
88$32,720,511$0$0$17,568,913
89$35,834,877$0$0$19,247,474
90$39,259,879$0$0$21,093,673
91$43,026,981$0$0$23,124,498
92$47,170,850$0$0$25,358,664
93$51,729,680$0$0$27,816,793
94$56,745,553$0$0$30,521,604
95$62,264,838$0$0$33,498,132
96$68,338,624$0$0$36,773,960
97$75,023,204$0$0$40,379,482
98$82,380,602$0$0$44,348,187
99$90,479,165$0$0$48,716,974
100$99,394,196$0$0$53,526,504