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%11%
1 years$103,224$102,304$101,407$100,532$99,677$99,257
2 years$51,101$50,149$49,227$48,333$47,465$47,041
3 years$33,729$32,773$31,853$30,967$30,114$29,699
4 years$25,045$24,092$23,181$22,310$21,477$21,075
5 years$19,835$18,888$17,989$17,136$16,327$15,938
6 years$16,364$15,424$14,538$13,704$12,919$12,544
7 years$13,885$12,953$12,081$11,267$10,506$10,146
8 years$12,027$11,103$10,246$9,451$8,716$8,369
9 years$10,582$9,667$8,825$8,051$7,340$7,008
10 years$9,427$8,521$7,694$6,940$6,254$5,936
11 years$8,483$7,586$6,773$6,040$5,379$5,074
12 years$7,696$6,809$6,011$5,298$4,661$4,370
13 years$7,031$6,153$5,371$4,677$4,065$3,787
14 years$6,462$5,593$4,825$4,152$3,563$3,298
15 years$5,969$5,109$4,357$3,703$3,137$2,885
16 years$5,538$4,688$3,950$3,315$2,773$2,533
17 years$5,158$4,317$3,594$2,979$2,458$2,230
18 years$4,821$3,989$3,281$2,684$2,186$1,970
19 years$4,519$3,697$3,004$2,426$1,948$1,743
20 years$4,248$3,436$2,757$2,197$1,740$1,546
21 years$4,004$3,200$2,536$1,994$1,557$1,374
22 years$3,781$2,987$2,337$1,813$1,396$1,222
23 years$3,579$2,794$2,158$1,651$1,253$1,089
24 years$3,393$2,618$1,996$1,506$1,126$971
25 years$3,223$2,457$1,848$1,375$1,014$868
26 years$3,066$2,309$1,714$1,257$913$775
27 years$2,921$2,173$1,592$1,151$823$694
28 years$2,786$2,047$1,480$1,054$743$621
29 years$2,661$1,931$1,377$967$671$556
30 years$2,544$1,824$1,283$887$606$499
31 years$2,436$1,724$1,196$815$548$447
32 years$2,334$1,632$1,116$749$496$401
33 years$2,239$1,545$1,042$689$448$360
34 years$2,149$1,464$973$634$406$323
35 years$2,065$1,389$910$583$368$291
36 years$1,985$1,318$851$537$333$261
37 years$1,910$1,252$797$495$302$235
38 years$1,840$1,190$746$456$274$211
39 years$1,772$1,132$699$421$248$190
40 years$1,709$1,077$655$388$225$171
41 years$1,649$1,025$614$358$204$153
42 years$1,591$976$576$330$185$138
43 years$1,537$930$541$305$168$124
44 years$1,485$886$508$282$153$112
45 years$1,436$845$477$260$139$101
46 years$1,389$806$448$240$126$91
47 years$1,344$770$421$222$114$82
48 years$1,301$735$395$205$104$73
49 years$1,260$702$372$190$94$66
50 years$1,220$670$349$175$86$59

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 $5,735 every year, while hoping to spend $48,252 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: 64/15/21 Blend
45$1,250,000$1,250,000$1,250,000$1,250,000
46$1,383,416$1,317,166$1,297,791$1,464,146
47$1,473,184$1,330,367$1,289,927$1,532,390
48$1,570,492$1,342,598$1,280,182$1,600,958
49$1,676,057$1,353,760$1,268,443$1,674,752
50$1,790,669$1,363,749$1,254,591$1,754,288
51$1,915,197$1,372,452$1,238,499$1,840,133
52$2,050,595$1,379,750$1,220,037$1,932,914
53$2,197,916$1,385,518$1,199,068$2,033,324
54$2,358,316$1,389,621$1,175,449$2,142,125
55$2,533,067$1,391,915$1,149,029$2,260,160
56$2,723,570$1,392,249$1,119,652$2,388,360
57$2,931,366$1,390,461$1,087,153$2,527,750
58$3,158,152$1,386,381$1,051,359$2,679,463
59$3,405,796$1,379,826$1,012,092$2,844,749
60$3,676,353$1,370,603$969,163$3,024,986
61$3,972,087$1,358,508$922,376$3,221,697
62$4,295,489$1,343,325$871,524$3,436,559
63$4,649,303$1,324,821$816,394$3,671,425
64$5,036,550$1,302,755$756,761$3,928,340
65$5,460,556$1,276,868$692,391$4,209,557
66$5,924,984$1,246,886$623,037$4,517,564
67$6,433,868$1,212,520$548,445$4,855,106
68$6,991,652$1,173,463$468,347$5,225,209
69$7,603,228$1,129,390$382,464$5,631,214
70$8,273,985$1,079,957$290,505$6,076,804
71$9,009,859$1,024,803$192,164$6,566,042
72$9,817,388$963,541$87,125$7,103,410
73$10,703,773$895,767$0$7,693,852
74$11,676,947$821,049$0$8,348,416
75$12,745,649$738,933$0$9,088,716
76$13,919,505$648,940$0$9,901,923
77$15,209,118$550,563$0$10,795,436
78$16,626,172$443,264$0$11,777,409
79$18,183,535$326,477$0$12,856,828
80$19,895,387$199,606$0$14,043,600
81$21,777,347$62,017$0$15,348,641
82$23,846,624$0$0$16,783,983
83$26,122,180$0$0$18,377,239
84$28,624,903$0$0$20,140,904
85$31,377,809$0$0$22,080,972
86$34,406,256$0$0$24,215,326
87$37,738,185$0$0$26,563,671
88$41,404,378$0$0$29,147,716
89$45,438,755$0$0$31,991,381
90$49,878,689$0$0$35,121,025
91$54,765,360$0$0$38,565,687
92$60,144,141$0$0$42,357,368
93$66,065,028$0$0$46,531,327
94$72,583,111$0$0$51,126,416
95$79,759,090$0$0$56,185,443
96$87,659,854$0$0$61,755,581
97$96,359,103$0$0$67,888,809
98$105,938,051$0$0$74,642,403
99$116,486,187$0$0$82,079,474
100$128,102,120$0$0$90,269,568