Can I retire at age 46 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$102,398$101,486$100,596$99,727$98,879$94,956
2 years$50,692$49,748$48,833$47,946$47,085$43,182
3 years$33,459$32,511$31,598$30,719$29,873$26,111
4 years$24,844$23,899$22,995$22,132$21,306$17,715
5 years$19,677$18,737$17,845$16,999$16,196$12,785
6 years$16,233$15,300$14,422$13,594$12,815$9,587
7 years$13,774$12,849$11,985$11,177$10,422$7,375
8 years$11,930$11,014$10,164$9,376$8,646$5,776
9 years$10,497$9,590$8,754$7,986$7,282$4,585
10 years$9,352$8,453$7,632$6,884$6,204$3,676
11 years$8,415$7,525$6,719$5,991$5,336$2,970
12 years$7,635$6,754$5,963$5,255$4,624$2,414
13 years$6,975$6,104$5,328$4,640$4,032$1,972
14 years$6,410$5,548$4,787$4,118$3,535$1,616
15 years$5,921$5,068$4,322$3,673$3,112$1,329
16 years$5,494$4,650$3,918$3,289$2,750$1,096
17 years$5,117$4,283$3,566$2,955$2,439$905
18 years$4,782$3,957$3,255$2,663$2,168$749
19 years$4,483$3,668$2,980$2,406$1,933$621
20 years$4,214$3,408$2,735$2,179$1,726$515
21 years$3,971$3,174$2,515$1,978$1,545$427
22 years$3,751$2,963$2,318$1,798$1,385$355
23 years$3,550$2,771$2,141$1,638$1,243$295
24 years$3,366$2,597$1,980$1,494$1,117$246
25 years$3,197$2,437$1,834$1,364$1,005$204
26 years$3,041$2,290$1,701$1,247$906$170
27 years$2,897$2,155$1,579$1,142$817$142
28 years$2,764$2,031$1,468$1,046$737$118
29 years$2,640$1,916$1,366$959$665$98
30 years$2,524$1,810$1,272$880$601$82
31 years$2,416$1,711$1,186$809$543$68
32 years$2,315$1,619$1,107$743$492$57
33 years$2,221$1,533$1,033$683$445$47
34 years$2,132$1,453$966$629$403$40
35 years$2,048$1,378$903$579$365$33
36 years$1,969$1,308$844$533$331$28
37 years$1,895$1,242$790$491$300$23
38 years$1,825$1,180$740$453$272$19
39 years$1,758$1,123$693$417$246$16
40 years$1,695$1,068$650$385$223$13
41 years$1,635$1,017$609$355$203$11
42 years$1,579$968$572$328$184$9
43 years$1,525$922$536$303$167$8
44 years$1,473$879$504$279$152$6
45 years$1,424$839$473$258$138$5
46 years$1,378$800$444$238$125$4
47 years$1,333$763$417$220$113$4
48 years$1,290$729$392$203$103$3
49 years$1,250$696$369$188$94$3
50 years$1,211$665$346$174$85$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,240,000, adding $4,477 every year, while hoping to spend $42,425 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: 46/24/30 Blend
45$1,240,000$1,240,000$1,240,000$1,240,000
46$1,371,098$1,305,378$1,286,158$1,422,135
47$1,465,810$1,324,202$1,284,104$1,477,669
48$1,568,761$1,342,526$1,280,560$1,533,468
49$1,680,746$1,360,281$1,275,430$1,593,216
50$1,802,641$1,377,393$1,268,616$1,657,307
51$1,935,408$1,393,784$1,260,013$1,726,175
52$2,080,108$1,409,368$1,249,512$1,800,305
53$2,237,907$1,424,055$1,236,998$1,880,228
54$2,410,089$1,437,748$1,222,353$1,966,535
55$2,598,067$1,450,347$1,205,450$2,059,877
56$2,803,396$1,461,740$1,186,159$2,160,975
57$3,027,789$1,471,812$1,164,342$2,270,625
58$3,273,131$1,480,438$1,139,855$2,389,706
59$3,541,498$1,487,487$1,112,548$2,519,192
60$3,835,175$1,492,819$1,082,262$2,660,157
61$4,156,679$1,496,283$1,048,835$2,813,789
62$4,508,782$1,497,723$1,012,092$2,981,398
63$4,894,535$1,496,968$971,855$3,164,434
64$5,317,300$1,493,842$927,934$3,364,497
65$5,780,777$1,488,153$880,132$3,583,356
66$6,289,044$1,479,700$828,245$3,822,962
67$6,846,592$1,468,270$772,055$4,085,471
68$7,458,365$1,453,636$711,340$4,373,263
69$8,129,811$1,435,558$645,863$4,688,968
70$8,866,932$1,413,780$575,380$5,035,487
71$9,676,338$1,388,034$499,634$5,416,023
72$10,565,310$1,358,033$418,357$5,834,113
73$11,541,869$1,323,474$331,270$6,293,661
74$12,614,853$1,284,038$238,080$6,798,975
75$13,793,996$1,239,384$138,484$7,354,810
76$15,090,023$1,189,153$32,163$7,966,414
77$16,514,750$1,132,966$0$8,639,578
78$18,081,193$1,070,420$0$9,406,717
79$19,803,695$1,001,091$0$10,261,536
80$21,698,056$924,528$0$11,201,624
81$23,781,685$840,257$0$12,235,686
82$26,073,762$747,775$0$13,373,318
83$28,595,421$646,552$0$14,625,097
84$31,369,947$536,026$0$16,002,686
85$34,422,995$415,604$0$17,518,939
86$37,782,833$284,661$0$19,188,026
87$41,480,608$142,536$0$21,025,571
88$45,550,640$0$0$23,048,793
89$50,030,744$0$0$25,279,703
90$54,962,588$0$0$27,777,174
91$60,392,084$0$0$30,526,834
92$66,369,824$0$0$33,554,325
93$72,951,551$0$0$36,887,904
94$80,198,693$0$0$40,558,705
95$88,178,935$0$0$44,601,038
96$96,966,861$0$0$49,052,706
97$106,644,656$0$0$53,955,370
98$117,302,883$0$0$59,354,932
99$129,041,333$0$0$65,301,978
100$141,969,972$0$0$71,852,246