Can I retire at age 46 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$103,224$102,304$101,407$100,532$99,677$98,066
2 years$51,101$50,149$49,227$48,333$47,465$45,847
3 years$33,729$32,773$31,853$30,967$30,114$28,538
4 years$25,045$24,092$23,181$22,310$21,477$19,957
5 years$19,835$18,888$17,989$17,136$16,327$14,865
6 years$16,364$15,424$14,538$13,704$12,919$11,518
7 years$13,885$12,953$12,081$11,267$10,506$9,167
8 years$12,027$11,103$10,246$9,451$8,716$7,438
9 years$10,582$9,667$8,825$8,051$7,340$6,123
10 years$9,427$8,521$7,694$6,940$6,254$5,096
11 years$8,483$7,586$6,773$6,040$5,379$4,279
12 years$7,696$6,809$6,011$5,298$4,661$3,618
13 years$7,031$6,153$5,371$4,677$4,065$3,077
14 years$6,462$5,593$4,825$4,152$3,563$2,629
15 years$5,969$5,109$4,357$3,703$3,137$2,255
16 years$5,538$4,688$3,950$3,315$2,773$1,941
17 years$5,158$4,317$3,594$2,979$2,458$1,675
18 years$4,821$3,989$3,281$2,684$2,186$1,449
19 years$4,519$3,697$3,004$2,426$1,948$1,256
20 years$4,248$3,436$2,757$2,197$1,740$1,090
21 years$4,004$3,200$2,536$1,994$1,557$948
22 years$3,781$2,987$2,337$1,813$1,396$825
23 years$3,579$2,794$2,158$1,651$1,253$719
24 years$3,393$2,618$1,996$1,506$1,126$627
25 years$3,223$2,457$1,848$1,375$1,014$548
26 years$3,066$2,309$1,714$1,257$913$479
27 years$2,921$2,173$1,592$1,151$823$418
28 years$2,786$2,047$1,480$1,054$743$366
29 years$2,661$1,931$1,377$967$671$320
30 years$2,544$1,824$1,283$887$606$280
31 years$2,436$1,724$1,196$815$548$245
32 years$2,334$1,632$1,116$749$496$215
33 years$2,239$1,545$1,042$689$448$188
34 years$2,149$1,464$973$634$406$165
35 years$2,065$1,389$910$583$368$145
36 years$1,985$1,318$851$537$333$127
37 years$1,910$1,252$797$495$302$111
38 years$1,840$1,190$746$456$274$98
39 years$1,772$1,132$699$421$248$86
40 years$1,709$1,077$655$388$225$75
41 years$1,649$1,025$614$358$204$66
42 years$1,591$976$576$330$185$58
43 years$1,537$930$541$305$168$51
44 years$1,485$886$508$282$153$45
45 years$1,436$845$477$260$139$39
46 years$1,389$806$448$240$126$34
47 years$1,344$770$421$222$114$30
48 years$1,301$735$395$205$104$26
49 years$1,260$702$372$190$94$23
50 years$1,220$670$349$175$86$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,250,000, adding $4,874 every year, while hoping to spend $20,581 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: 56/29/15 Blend
45$1,250,000$1,250,000$1,250,000$1,250,000
46$1,382,528$1,316,278$1,296,903$1,454,279
47$1,501,647$1,358,877$1,318,451$1,546,145
48$1,632,228$1,402,874$1,340,031$1,643,512
49$1,775,415$1,448,316$1,361,623$1,749,101
50$1,932,475$1,495,250$1,383,204$1,863,705
51$2,104,797$1,543,727$1,404,751$1,988,194
52$2,293,915$1,593,798$1,426,239$2,123,525
53$2,501,517$1,645,518$1,447,641$2,270,754
54$2,729,464$1,698,941$1,468,930$2,431,040
55$2,979,805$1,754,124$1,490,074$2,605,661
56$3,254,797$1,811,128$1,511,043$2,796,023
57$3,556,926$1,870,012$1,531,802$3,003,674
58$3,888,931$1,930,842$1,552,317$3,230,318
59$4,253,830$1,993,682$1,572,548$3,477,832
60$4,654,949$2,058,600$1,592,456$3,748,282
61$5,095,949$2,125,667$1,611,999$4,043,943
62$5,580,867$2,194,955$1,631,132$4,367,320
63$6,114,147$2,266,540$1,649,807$4,721,175
64$6,700,690$2,340,500$1,667,975$5,108,544
65$7,345,891$2,416,915$1,685,582$5,532,775
66$8,055,697$2,495,869$1,702,575$5,997,556
67$8,836,660$2,577,449$1,718,893$6,506,945
68$9,695,998$2,661,743$1,734,474$7,065,417
69$10,641,666$2,748,844$1,749,255$7,677,897
70$11,682,427$2,838,849$1,763,167$8,349,813
71$12,827,938$2,931,856$1,776,137$9,087,143
72$14,088,840$3,027,969$1,788,089$9,896,472
73$15,476,855$3,127,293$1,798,944$10,785,057
74$17,004,903$3,229,939$1,808,617$11,760,889
75$18,687,219$3,336,021$1,817,021$12,832,776
76$20,539,487$3,445,658$1,824,063$14,010,417
77$22,578,990$3,558,971$1,829,645$15,304,501
78$24,824,774$3,676,087$1,833,665$16,726,804
79$27,297,824$3,797,138$1,836,015$18,290,299
80$30,021,263$3,922,260$1,836,583$20,009,282
81$33,020,574$4,051,593$1,835,251$21,899,501
82$36,323,835$4,185,283$1,831,894$23,978,310
83$39,961,986$4,323,482$1,826,383$26,264,829
84$43,969,122$4,466,346$1,818,580$28,780,124
85$48,382,812$4,614,037$1,808,342$31,547,409
86$53,244,458$4,766,723$1,795,520$34,592,260
87$58,599,679$4,924,579$1,779,956$37,942,859
88$64,498,747$5,087,784$1,761,486$41,630,260
89$70,997,061$5,256,527$1,739,937$45,688,679
90$78,155,665$5,431,001$1,715,129$50,155,821
91$86,041,829$5,611,406$1,686,872$55,073,231
92$94,729,681$5,797,951$1,654,968$60,486,688
93$104,300,910$5,990,851$1,619,210$66,446,636
94$114,845,531$6,190,332$1,579,382$73,008,662
95$126,462,740$6,396,623$1,535,257$80,234,015
96$139,261,848$6,609,966$1,486,596$88,190,192
97$153,363,313$6,830,610$1,433,153$96,951,565
98$168,899,874$7,058,813$1,374,667$106,600,091
99$186,017,810$7,294,844$1,310,867$117,226,080
100$204,878,315$7,538,979$1,241,469$128,929,049