Can I retire at age 46 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$104,875$103,941$103,030$102,140$101,272$100,214
2 years$51,919$50,952$50,014$49,106$48,225$47,160
3 years$34,269$33,297$32,363$31,463$30,596$29,556
4 years$25,445$24,477$23,552$22,667$21,821$20,815
5 years$20,153$19,190$18,277$17,410$16,588$15,619
6 years$16,625$15,670$14,771$13,923$13,126$12,194
7 years$14,107$13,160$12,274$11,447$10,675$9,781
8 years$12,219$11,281$10,410$9,603$8,856$8,000
9 years$10,751$9,822$8,966$8,179$7,458$6,640
10 years$9,578$8,657$7,817$7,051$6,354$5,574
11 years$8,618$7,707$6,882$6,136$5,465$4,721
12 years$7,819$6,918$6,107$5,382$4,736$4,028
13 years$7,144$6,251$5,456$4,752$4,130$3,457
14 years$6,565$5,682$4,903$4,218$3,620$2,981
15 years$6,064$5,191$4,426$3,762$3,187$2,582
16 years$5,627$4,763$4,013$3,368$2,817$2,244
17 years$5,241$4,386$3,652$3,026$2,498$1,955
18 years$4,898$4,053$3,334$2,727$2,221$1,709
19 years$4,592$3,756$3,052$2,464$1,980$1,496
20 years$4,316$3,491$2,801$2,232$1,768$1,312
21 years$4,068$3,251$2,576$2,026$1,582$1,153
22 years$3,842$3,035$2,374$1,842$1,418$1,015
23 years$3,636$2,839$2,192$1,677$1,273$894
24 years$3,447$2,660$2,028$1,530$1,144$788
25 years$3,274$2,496$1,878$1,397$1,030$696
26 years$3,115$2,346$1,742$1,277$928$615
27 years$2,967$2,208$1,617$1,169$836$543
28 years$2,831$2,080$1,503$1,071$755$481
29 years$2,704$1,962$1,399$982$681$426
30 years$2,585$1,853$1,303$902$616$377
31 years$2,475$1,752$1,215$828$557$334
32 years$2,371$1,658$1,134$761$503$296
33 years$2,274$1,570$1,058$700$456$262
34 years$2,183$1,488$989$644$413$233
35 years$2,098$1,411$925$593$374$206
36 years$2,017$1,339$865$546$339$183
37 years$1,941$1,272$810$503$307$162
38 years$1,869$1,209$758$464$278$144
39 years$1,801$1,150$710$427$252$128
40 years$1,736$1,094$666$394$229$114
41 years$1,675$1,041$624$364$208$101
42 years$1,617$992$586$336$188$90
43 years$1,562$945$549$310$171$80
44 years$1,509$901$516$286$155$71
45 years$1,459$859$484$264$141$63
46 years$1,411$819$455$244$128$56
47 years$1,365$782$427$226$116$50
48 years$1,322$746$402$208$105$44
49 years$1,280$713$377$193$96$39
50 years$1,240$681$355$178$87$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,270,000, adding $6,022 every year, while hoping to spend $33,893 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: 83/8/9 Blend
45$1,270,000$1,270,000$1,270,000$1,270,000
46$1,405,752$1,338,442$1,318,757$1,520,202
47$1,513,076$1,367,963$1,326,873$1,625,472
48$1,630,212$1,397,796$1,334,126$1,735,894
49$1,758,125$1,427,918$1,340,449$1,856,113
50$1,897,875$1,458,308$1,345,776$1,987,094
51$2,050,633$1,488,940$1,350,035$2,129,897
52$2,217,687$1,519,787$1,353,150$2,285,691
53$2,400,454$1,550,820$1,355,043$2,455,762
54$2,600,494$1,582,004$1,355,631$2,641,528
55$2,819,528$1,613,305$1,354,828$2,844,550
56$3,059,447$1,644,684$1,352,542$3,066,549
57$3,322,336$1,676,099$1,348,677$3,309,417
58$3,610,490$1,707,504$1,343,134$3,575,242
59$3,926,439$1,738,851$1,335,808$3,866,323
60$4,272,966$1,770,085$1,326,588$4,185,193
61$4,653,139$1,801,149$1,315,359$4,534,640
62$5,070,336$1,831,983$1,302,000$4,917,739
63$5,528,278$1,862,518$1,286,386$5,337,876
64$6,031,065$1,892,683$1,268,382$5,798,783
65$6,583,211$1,922,403$1,247,850$6,304,569
66$7,189,691$1,951,593$1,224,645$6,859,765
67$7,855,984$1,980,165$1,198,616$7,469,361
68$8,588,127$2,008,026$1,169,602$8,138,856
69$9,392,770$2,035,073$1,137,437$8,874,308
70$10,277,239$2,061,198$1,101,948$9,682,393
71$11,249,605$2,086,285$1,062,951$10,570,468
72$12,318,762$2,110,209$1,020,257$11,546,639
73$13,494,506$2,132,840$973,666$12,619,836
74$14,787,631$2,154,035$922,969$13,799,903
75$16,210,031$2,173,644$867,951$15,097,684
76$17,774,809$2,191,508$808,381$16,525,129
77$19,496,402$2,207,454$744,025$18,095,409
78$21,390,717$2,221,301$674,631$19,823,035
79$23,475,281$2,232,856$599,942$21,723,997
80$25,769,406$2,241,912$519,687$23,815,917
81$28,294,371$2,248,251$433,582$26,118,213
82$31,073,621$2,251,640$341,331$28,652,285
83$34,132,992$2,251,831$242,627$31,441,712
84$37,500,948$2,248,563$137,146$34,512,479
85$41,208,858$2,241,555$24,554$37,893,223
86$45,291,283$2,230,513$0$41,615,499
87$49,786,308$2,215,122$0$45,723,261
88$54,735,898$2,195,050$0$50,248,762
89$60,186,295$2,169,942$0$55,231,909
90$66,188,453$2,139,425$0$60,719,277
91$72,798,521$2,103,103$0$66,762,187
92$80,078,369$2,060,554$0$73,417,196
93$88,096,175$2,011,334$0$80,746,625
94$96,927,067$1,954,971$0$88,819,152
95$106,653,830$1,890,966$0$97,710,455
96$117,367,688$1,818,792$0$107,503,929
97$129,169,169$1,737,889$0$118,291,474
98$142,169,044$1,647,666$0$130,174,361
99$156,489,383$1,547,497$0$143,264,188
100$172,264,697$1,436,722$0$157,683,932