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%11.1%
1 years$104,050$103,123$102,219$101,336$100,474$100,009
2 years$51,510$50,550$49,621$48,719$47,845$47,375
3 years$33,999$33,035$32,108$31,215$30,355$29,895
4 years$25,245$24,284$23,366$22,489$21,649$21,203
5 years$19,994$19,039$18,133$17,273$16,457$16,027
6 years$16,495$15,547$14,654$13,814$13,022$12,607
7 years$13,996$13,056$12,178$11,357$10,591$10,191
8 years$12,123$11,192$10,328$9,527$8,786$8,402
9 years$10,667$9,744$8,895$8,115$7,399$7,031
10 years$9,502$8,589$7,755$6,995$6,304$5,952
11 years$8,551$7,646$6,827$6,088$5,422$5,085
12 years$7,758$6,863$6,059$5,340$4,699$4,377
13 years$7,088$6,202$5,414$4,714$4,097$3,790
14 years$6,514$5,638$4,864$4,185$3,592$3,299
15 years$6,017$5,150$4,392$3,732$3,162$2,884
16 years$5,582$4,725$3,982$3,342$2,795$2,530
17 years$5,199$4,352$3,623$3,003$2,478$2,226
18 years$4,859$4,021$3,307$2,706$2,203$1,965
19 years$4,555$3,727$3,028$2,445$1,964$1,738
20 years$4,282$3,463$2,779$2,214$1,754$1,540
21 years$4,036$3,226$2,556$2,010$1,570$1,367
22 years$3,811$3,011$2,356$1,827$1,407$1,216
23 years$3,607$2,816$2,175$1,664$1,263$1,082
24 years$3,420$2,639$2,012$1,518$1,135$965
25 years$3,248$2,476$1,863$1,386$1,022$861
26 years$3,090$2,327$1,728$1,267$920$769
27 years$2,944$2,190$1,605$1,160$830$687
28 years$2,808$2,064$1,492$1,063$749$615
29 years$2,682$1,947$1,388$975$676$550
30 years$2,565$1,839$1,293$895$611$493
31 years$2,455$1,738$1,205$822$552$442
32 years$2,353$1,645$1,125$755$500$396
33 years$2,256$1,558$1,050$694$452$355
34 years$2,166$1,476$981$639$409$319
35 years$2,081$1,400$917$588$371$286
36 years$2,001$1,329$858$542$336$257
37 years$1,926$1,262$803$499$304$231
38 years$1,854$1,200$752$460$276$207
39 years$1,787$1,141$705$424$250$186
40 years$1,723$1,085$660$391$227$167
41 years$1,662$1,033$619$361$206$150
42 years$1,604$984$581$333$187$135
43 years$1,549$937$545$307$170$121
44 years$1,497$894$512$284$154$109
45 years$1,447$852$480$262$140$98
46 years$1,400$813$451$242$127$88
47 years$1,355$776$424$224$115$79
48 years$1,311$740$398$207$105$71
49 years$1,270$707$374$191$95$64
50 years$1,230$675$352$177$86$58

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 $5,161 every year, while hoping to spend $58,640 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: 48/22/30 Blend
45$1,260,000$1,260,000$1,260,000$1,260,000
46$1,393,844$1,327,064$1,307,534$1,448,576
47$1,473,623$1,329,697$1,288,943$1,490,346
48$1,559,575$1,330,494$1,267,765$1,529,566
49$1,652,266$1,329,304$1,243,850$1,571,048
50$1,752,321$1,325,963$1,217,043$1,615,037
51$1,860,425$1,320,302$1,187,181$1,661,804
52$1,977,330$1,312,139$1,154,093$1,711,655
53$2,103,864$1,301,280$1,117,602$1,764,927
54$2,240,938$1,287,522$1,077,521$1,821,996
55$2,389,551$1,270,648$1,033,655$1,883,282
56$2,550,804$1,250,429$985,801$1,949,251
57$2,725,906$1,226,620$933,746$2,020,421
58$2,916,189$1,198,965$877,267$2,097,366
59$3,123,117$1,167,191$816,132$2,180,727
60$3,348,299$1,131,008$750,097$2,271,214
61$3,593,509$1,090,110$678,908$2,369,616
62$3,860,696$1,044,175$602,301$2,476,806
63$4,152,007$992,859$519,998$2,593,755
64$4,469,803$935,801$431,710$2,721,540
65$4,816,685$872,617$337,134$2,861,354
66$5,195,514$802,903$235,955$3,014,520
67$5,609,441$726,229$127,843$3,182,503
68$6,061,933$642,144$12,456$3,366,928
69$6,556,810$550,169$0$3,569,592
70$7,098,277$449,799$0$3,827,917
71$7,690,962$340,500$0$4,115,236
72$8,339,964$221,709$0$4,430,124
73$9,050,896$92,829$0$4,775,410
74$9,829,942$0$0$5,154,221
75$10,683,910$0$0$5,581,324
76$11,620,299$0$0$6,074,430
77$12,647,368$0$0$6,615,433
78$13,774,216$0$0$7,209,143
79$15,010,861$0$0$7,860,857
80$16,368,342$0$0$8,576,413
81$17,858,816$0$0$9,362,238
82$19,495,678$0$0$10,225,415
83$21,293,680$0$0$11,173,745
84$23,269,076$0$0$12,215,823
85$25,439,771$0$0$13,361,117
86$27,825,489$0$0$14,620,059
87$30,447,964$0$0$16,004,140
88$33,331,135$0$0$17,526,021
89$36,501,380$0$0$19,199,652
90$39,987,761$0$0$21,040,402
91$43,822,294$0$0$23,065,204
92$48,040,256$0$0$25,292,714
93$52,680,516$0$0$27,743,487
94$57,785,897$0$0$30,440,174
95$63,403,583$0$0$33,407,729
96$69,585,565$0$0$36,673,647
97$76,389,125$0$0$40,268,227
98$83,877,383$0$0$44,224,851
99$92,119,884$0$0$48,580,303
100$101,193,262$0$0$53,375,112