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

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$102,398$101,486$100,596$99,727$98,879$96,528
2 years$50,692$49,748$48,833$47,946$47,085$44,730
3 years$33,459$32,511$31,598$30,719$29,873$27,588
4 years$24,844$23,899$22,995$22,132$21,306$19,108
5 years$19,677$18,737$17,845$16,999$16,196$14,092
6 years$16,233$15,300$14,422$13,594$12,815$10,807
7 years$13,774$12,849$11,985$11,177$10,422$8,509
8 years$11,930$11,014$10,164$9,376$8,646$6,829
9 years$10,497$9,590$8,754$7,986$7,282$5,557
10 years$9,352$8,453$7,632$6,884$6,204$4,572
11 years$8,415$7,525$6,719$5,991$5,336$3,793
12 years$7,635$6,754$5,963$5,255$4,624$3,168
13 years$6,975$6,104$5,328$4,640$4,032$2,660
14 years$6,410$5,548$4,787$4,118$3,535$2,244
15 years$5,921$5,068$4,322$3,673$3,112$1,900
16 years$5,494$4,650$3,918$3,289$2,750$1,613
17 years$5,117$4,283$3,566$2,955$2,439$1,373
18 years$4,782$3,957$3,255$2,663$2,168$1,171
19 years$4,483$3,668$2,980$2,406$1,933$1,001
20 years$4,214$3,408$2,735$2,179$1,726$857
21 years$3,971$3,174$2,515$1,978$1,545$734
22 years$3,751$2,963$2,318$1,798$1,385$630
23 years$3,550$2,771$2,141$1,638$1,243$541
24 years$3,366$2,597$1,980$1,494$1,117$465
25 years$3,197$2,437$1,834$1,364$1,005$400
26 years$3,041$2,290$1,701$1,247$906$344
27 years$2,897$2,155$1,579$1,142$817$296
28 years$2,764$2,031$1,468$1,046$737$255
29 years$2,640$1,916$1,366$959$665$220
30 years$2,524$1,810$1,272$880$601$189
31 years$2,416$1,711$1,186$809$543$163
32 years$2,315$1,619$1,107$743$492$141
33 years$2,221$1,533$1,033$683$445$121
34 years$2,132$1,453$966$629$403$105
35 years$2,048$1,378$903$579$365$90
36 years$1,969$1,308$844$533$331$78
37 years$1,895$1,242$790$491$300$67
38 years$1,825$1,180$740$453$272$58
39 years$1,758$1,123$693$417$246$50
40 years$1,695$1,068$650$385$223$43
41 years$1,635$1,017$609$355$203$37
42 years$1,579$968$572$328$184$32
43 years$1,525$922$536$303$167$28
44 years$1,473$879$504$279$152$24
45 years$1,424$839$473$258$138$21
46 years$1,378$800$444$238$125$18
47 years$1,333$763$417$220$113$15
48 years$1,290$729$392$203$103$13
49 years$1,250$696$369$188$94$12
50 years$1,211$665$346$174$85$10

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 $4,821 every year, while hoping to spend $42,474 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: 83/6/11 Blend
45$1,240,000$1,240,000$1,240,000$1,240,000
46$1,371,453$1,305,733$1,286,513$1,482,399
47$1,466,149$1,324,522$1,284,419$1,574,538
48$1,569,081$1,342,808$1,280,832$1,669,558
49$1,681,043$1,360,521$1,275,655$1,772,626
50$1,802,911$1,377,588$1,268,791$1,884,526
51$1,935,647$1,393,929$1,260,135$2,006,121
52$2,080,310$1,409,459$1,249,577$2,138,363
53$2,238,067$1,424,088$1,237,003$2,282,300
54$2,410,200$1,437,719$1,222,293$2,439,086
55$2,598,122$1,450,249$1,205,321$2,609,991
56$2,803,388$1,461,568$1,185,957$2,796,417
57$3,027,709$1,471,560$1,164,062$2,999,906
58$3,272,970$1,480,101$1,139,492$3,222,158
59$3,541,245$1,487,058$1,112,097$3,465,044
60$3,834,818$1,492,290$1,081,719$3,730,629
61$4,156,206$1,495,649$1,048,193$4,021,183
62$4,508,177$1,496,974$1,011,346$4,339,213
63$4,893,783$1,496,097$970,998$4,687,476
64$5,316,382$1,492,840$926,959$5,069,012
65$5,779,675$1,487,011$879,034$5,487,173
66$6,287,736$1,478,408$827,016$5,945,647
67$6,845,053$1,466,818$770,689$6,448,504
68$7,456,569$1,452,012$709,827$7,000,224
69$8,127,729$1,433,751$644,197$7,605,746
70$8,864,531$1,411,779$573,551$8,270,513
71$9,673,582$1,385,825$497,634$9,000,520
72$10,562,160$1,355,602$416,177$9,802,377
73$11,538,281$1,320,808$328,900$10,683,366
74$12,610,778$1,281,120$235,511$11,651,513
75$13,789,382$1,236,199$135,704$12,715,661
76$15,084,810$1,185,684$29,162$13,885,555
77$16,508,873$1,129,195$0$15,171,937
78$18,074,580$1,066,328$0$16,596,563
79$19,796,267$996,658$0$18,166,852
80$21,689,725$919,733$0$19,893,795
81$23,772,354$835,077$0$21,793,276
82$26,063,326$742,187$0$23,882,798
83$28,583,761$640,530$0$26,181,646
84$31,356,933$529,545$0$28,711,073
85$34,408,484$408,636$0$31,494,494
86$37,766,667$277,177$0$34,557,712
87$41,462,614$134,505$0$37,929,160
88$45,530,624$0$0$41,640,167
89$50,008,495$0$0$45,726,582
90$54,937,872$0$0$50,234,839
91$60,364,643$0$0$55,198,028
92$66,339,372$0$0$60,662,399
93$72,917,777$0$0$66,678,912
94$80,161,250$0$0$73,303,721
95$88,137,441$0$0$80,598,702
96$96,920,897$0$0$88,632,039
97$106,593,758$0$0$97,478,863
98$117,246,539$0$0$107,221,963
99$128,978,980$0$0$117,952,567
100$141,900,990$0$0$129,771,203