Can I retire at age 46 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$104,050$103,123$102,219$101,336$100,474$99,384
2 years$51,510$50,550$49,621$48,719$47,845$46,747
3 years$33,999$33,035$32,108$31,215$30,355$29,283
4 years$25,245$24,284$23,366$22,489$21,649$20,613
5 years$19,994$19,039$18,133$17,273$16,457$15,459
6 years$16,495$15,547$14,654$13,814$13,022$12,062
7 years$13,996$13,056$12,178$11,357$10,591$9,670
8 years$12,123$11,192$10,328$9,527$8,786$7,905
9 years$10,667$9,744$8,895$8,115$7,399$6,557
10 years$9,502$8,589$7,755$6,995$6,304$5,501
11 years$8,551$7,646$6,827$6,088$5,422$4,657
12 years$7,758$6,863$6,059$5,340$4,699$3,970
13 years$7,088$6,202$5,414$4,714$4,097$3,405
14 years$6,514$5,638$4,864$4,185$3,592$2,935
15 years$6,017$5,150$4,392$3,732$3,162$2,540
16 years$5,582$4,725$3,982$3,342$2,795$2,206
17 years$5,199$4,352$3,623$3,003$2,478$1,921
18 years$4,859$4,021$3,307$2,706$2,203$1,677
19 years$4,555$3,727$3,028$2,445$1,964$1,468
20 years$4,282$3,463$2,779$2,214$1,754$1,286
21 years$4,036$3,226$2,556$2,010$1,570$1,129
22 years$3,811$3,011$2,356$1,827$1,407$993
23 years$3,607$2,816$2,175$1,664$1,263$874
24 years$3,420$2,639$2,012$1,518$1,135$770
25 years$3,248$2,476$1,863$1,386$1,022$679
26 years$3,090$2,327$1,728$1,267$920$600
27 years$2,944$2,190$1,605$1,160$830$530
28 years$2,808$2,064$1,492$1,063$749$468
29 years$2,682$1,947$1,388$975$676$414
30 years$2,565$1,839$1,293$895$611$366
31 years$2,455$1,738$1,205$822$552$324
32 years$2,353$1,645$1,125$755$500$287
33 years$2,256$1,558$1,050$694$452$254
34 years$2,166$1,476$981$639$409$225
35 years$2,081$1,400$917$588$371$200
36 years$2,001$1,329$858$542$336$177
37 years$1,926$1,262$803$499$304$157
38 years$1,854$1,200$752$460$276$139
39 years$1,787$1,141$705$424$250$124
40 years$1,723$1,085$660$391$227$110
41 years$1,662$1,033$619$361$206$97
42 years$1,604$984$581$333$187$86
43 years$1,549$937$545$307$170$77
44 years$1,497$894$512$284$154$68
45 years$1,447$852$480$262$140$60
46 years$1,400$813$451$242$127$54
47 years$1,355$776$424$224$115$48
48 years$1,311$740$398$207$105$42
49 years$1,270$707$374$191$95$37
50 years$1,230$675$352$177$86$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,260,000, adding $5,999 every year, while hoping to spend $33,130 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: 39/49/12 Blend
45$1,260,000$1,260,000$1,260,000$1,260,000
46$1,394,708$1,327,928$1,308,398$1,443,834
47$1,501,718$1,357,746$1,316,979$1,509,026
48$1,618,533$1,387,916$1,324,738$1,575,775
49$1,746,117$1,418,418$1,331,611$1,647,217
50$1,885,534$1,449,233$1,337,532$1,723,789
51$2,037,953$1,480,339$1,342,434$1,805,975
52$2,204,661$1,511,713$1,346,242$1,894,307
53$2,387,077$1,543,327$1,348,882$1,989,371
54$2,586,762$1,575,153$1,350,272$2,091,814
55$2,805,435$1,607,159$1,350,330$2,202,347
56$3,044,990$1,639,311$1,348,966$2,321,756
57$3,307,511$1,671,569$1,346,089$2,450,907
58$3,595,295$1,703,894$1,341,601$2,590,752
59$3,910,872$1,736,242$1,335,401$2,742,345
60$4,257,026$1,768,563$1,327,383$2,906,843
61$4,636,827$1,800,806$1,317,434$3,085,526
62$5,053,653$1,832,915$1,305,437$3,279,802
63$5,511,227$1,864,830$1,291,271$3,491,226
64$6,013,650$1,896,484$1,274,806$3,721,509
65$6,565,438$1,927,808$1,255,909$3,972,542
66$7,171,569$1,958,726$1,234,438$4,246,406
67$7,837,523$1,989,158$1,210,246$4,545,397
68$8,569,340$2,019,017$1,183,178$4,872,048
69$9,373,672$2,048,208$1,153,075$5,229,150
70$10,257,850$2,076,633$1,119,766$5,619,781
71$11,229,948$2,104,186$1,083,075$6,047,334
72$12,298,862$2,130,750$1,042,817$6,515,552
73$13,474,395$2,156,206$998,800$7,028,561
74$14,767,344$2,180,421$950,822$7,590,911
75$16,189,610$2,203,258$898,671$8,207,617
76$17,754,300$2,224,568$842,126$8,884,210
77$19,475,860$2,244,193$780,958$9,626,788
78$21,370,203$2,261,963$714,926$10,442,074
79$23,454,864$2,277,701$643,777$11,337,482
80$25,749,166$2,291,213$567,249$12,321,185
81$28,274,397$2,302,298$485,067$13,402,194
82$31,054,013$2,310,739$396,945$14,590,444
83$34,113,863$2,316,306$302,583$15,896,887
84$37,482,426$2,318,754$201,669$17,333,601
85$41,191,085$2,317,824$93,876$18,913,900
86$45,274,419$2,313,241$0$20,652,459
87$49,770,530$2,304,710$0$22,568,172
88$54,721,406$2,291,923$0$24,689,171
89$60,173,311$2,274,549$0$27,023,137
90$66,177,226$2,252,238$0$29,591,802
91$72,789,326$2,224,621$0$32,419,118
92$80,071,514$2,191,305$0$35,531,488
93$88,092,002$2,151,872$0$38,958,012
94$96,925,956$2,105,883$0$42,730,770
95$106,656,202$2,052,871$0$46,885,119
96$117,374,014$1,992,340$0$51,460,030
97$129,179,967$1,923,769$0$56,498,461
98$142,184,892$1,846,602$0$62,047,759
99$156,510,919$1,760,254$0$68,160,111
100$172,292,631$1,664,104$0$74,893,041