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%11.6%
1 years$101,572$100,667$99,785$98,923$98,082$97,423
2 years$50,283$49,347$48,439$47,559$46,706$46,041
3 years$33,189$32,249$31,343$30,472$29,632$28,982
4 years$24,644$23,706$22,810$21,953$21,134$20,504
5 years$19,518$18,586$17,701$16,862$16,066$15,458
6 years$16,102$15,177$14,305$13,485$12,712$12,127
7 years$13,663$12,745$11,888$11,087$10,338$9,776
8 years$11,834$10,925$10,082$9,300$8,577$8,037
9 years$10,413$9,512$8,683$7,922$7,223$6,706
10 years$9,276$8,385$7,570$6,829$6,154$5,660
11 years$8,347$7,464$6,665$5,943$5,293$4,821
12 years$7,573$6,700$5,915$5,213$4,587$4,136
13 years$6,919$6,055$5,285$4,602$4,000$3,570
14 years$6,359$5,503$4,748$4,085$3,506$3,098
15 years$5,873$5,027$4,287$3,643$3,087$2,699
16 years$5,449$4,613$3,887$3,262$2,728$2,360
17 years$5,076$4,248$3,537$2,931$2,419$2,069
18 years$4,744$3,925$3,229$2,641$2,151$1,820
19 years$4,447$3,638$2,956$2,387$1,917$1,604
20 years$4,180$3,381$2,713$2,162$1,712$1,416
21 years$3,939$3,149$2,495$1,962$1,532$1,253
22 years$3,721$2,939$2,300$1,784$1,374$1,110
23 years$3,521$2,749$2,123$1,625$1,233$984
24 years$3,339$2,576$1,964$1,482$1,108$874
25 years$3,171$2,417$1,819$1,353$997$777
26 years$3,017$2,272$1,687$1,237$898$691
27 years$2,874$2,138$1,566$1,132$810$615
28 years$2,741$2,015$1,456$1,038$731$548
29 years$2,618$1,901$1,355$951$660$489
30 years$2,504$1,795$1,262$873$596$436
31 years$2,397$1,697$1,177$802$539$389
32 years$2,297$1,606$1,098$737$488$348
33 years$2,203$1,520$1,025$678$441$310
34 years$2,115$1,441$958$624$400$277
35 years$2,032$1,367$895$574$362$248
36 years$1,954$1,297$838$529$328$222
37 years$1,880$1,232$784$487$297$198
38 years$1,810$1,171$734$449$269$177
39 years$1,744$1,113$688$414$244$159
40 years$1,682$1,059$645$382$222$142
41 years$1,622$1,008$605$352$201$127
42 years$1,566$960$567$325$182$114
43 years$1,512$915$532$300$166$102
44 years$1,461$872$500$277$150$91
45 years$1,413$832$469$256$136$82
46 years$1,366$793$441$236$124$73
47 years$1,322$757$414$218$112$65
48 years$1,280$723$389$202$102$59
49 years$1,240$690$366$187$93$52
50 years$1,201$659$344$172$84$47

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 $6,277 every year, while hoping to spend $57,234 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: 42/48/10 Blend
45$1,230,000$1,230,000$1,230,000$1,230,000
46$1,361,935$1,296,745$1,277,680$1,414,892
47$1,439,956$1,299,389$1,259,585$1,455,160
48$1,524,016$1,300,244$1,238,967$1,492,501
49$1,614,672$1,299,162$1,215,679$1,531,646
50$1,712,535$1,295,987$1,189,570$1,572,786
51$1,818,273$1,290,551$1,160,480$1,616,129
52$1,932,626$1,282,676$1,128,245$1,661,911
53$2,056,403$1,272,176$1,092,690$1,710,394
54$2,190,494$1,258,851$1,053,633$1,761,872
55$2,335,879$1,242,489$1,010,885$1,816,672
56$2,493,635$1,222,868$964,246$1,875,159
57$2,664,946$1,199,749$913,508$1,937,741
58$2,851,115$1,172,881$858,456$2,004,872
59$3,053,576$1,141,999$798,861$2,077,057
60$3,273,904$1,106,820$734,486$2,154,862
61$3,513,834$1,067,047$665,084$2,238,912
62$3,775,277$1,022,364$590,396$2,329,907
63$4,060,332$972,436$510,151$2,428,622
64$4,371,312$916,912$424,067$2,535,921
65$4,710,762$855,417$331,849$2,652,764
66$5,081,484$787,556$233,190$2,780,217
67$5,486,561$712,912$127,768$2,919,464
68$5,929,389$631,044$15,247$3,071,820
69$6,413,707$541,485$0$3,238,744
70$6,943,630$443,742$0$3,433,042
71$7,523,690$337,296$0$3,647,788
72$8,158,878$221,595$0$3,883,385
73$8,854,691$96,060$0$4,142,085
74$9,617,180$0$0$4,426,381
75$10,453,011$0$0$4,760,118
76$11,369,525$0$0$5,181,862
77$12,374,809$0$0$5,644,615
78$13,477,768$0$0$6,152,496
79$14,688,211$0$0$6,710,042
80$16,016,945$0$0$7,322,254
81$17,475,871$0$0$7,994,636
82$19,078,102$0$0$8,733,254
83$20,838,080$0$0$9,544,792
84$22,771,718$0$0$10,436,610
85$24,896,543$0$0$11,416,818
86$27,231,867$0$0$12,494,351
87$29,798,965$0$0$13,679,052
88$32,621,273$0$0$14,981,767
89$35,724,616$0$0$16,414,443
90$39,137,443$0$0$17,990,245
91$42,891,100$0$0$19,723,677
92$47,020,120$0$0$21,630,720
93$51,562,556$0$0$23,728,981
94$56,560,332$0$0$26,037,860
95$62,059,640$0$0$28,578,733
96$68,111,377$0$0$31,375,153
97$74,771,624$0$0$34,453,072
98$82,102,171$0$0$37,841,085
99$90,171,106$0$0$41,570,699
100$99,053,449$0$0$45,676,634