Can I retire at age 46 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$105,701$104,760$103,841$102,944$102,069$100,710
2 years$52,327$51,353$50,408$49,493$48,604$47,237
3 years$34,538$33,560$32,618$31,710$30,837$29,504
4 years$25,646$24,670$23,737$22,846$21,993$20,705
5 years$20,311$19,341$18,421$17,548$16,719$15,479
6 years$16,756$15,794$14,887$14,033$13,229$12,040
7 years$14,218$13,264$12,371$11,537$10,759$9,620
8 years$12,315$11,369$10,492$9,678$8,925$7,837
9 years$10,836$9,899$9,036$8,244$7,516$6,478
10 years$9,653$8,726$7,878$7,106$6,404$5,415
11 years$8,686$7,768$6,936$6,185$5,508$4,566
12 years$7,881$6,972$6,155$5,425$4,773$3,879
13 years$7,200$6,301$5,499$4,789$4,162$3,314
14 years$6,617$5,727$4,941$4,251$3,649$2,844
15 years$6,112$5,232$4,461$3,791$3,212$2,452
16 years$5,671$4,800$4,045$3,395$2,839$2,120
17 years$5,282$4,421$3,681$3,050$2,517$1,839
18 years$4,936$4,085$3,360$2,749$2,238$1,599
19 years$4,628$3,786$3,076$2,484$1,995$1,393
20 years$4,350$3,518$2,823$2,250$1,782$1,215
21 years$4,100$3,277$2,596$2,042$1,595$1,062
22 years$3,872$3,059$2,393$1,856$1,429$930
23 years$3,664$2,861$2,210$1,691$1,283$815
24 years$3,475$2,680$2,043$1,542$1,153$715
25 years$3,300$2,515$1,893$1,408$1,038$627
26 years$3,139$2,364$1,755$1,288$935$551
27 years$2,991$2,225$1,630$1,179$843$485
28 years$2,853$2,097$1,515$1,080$761$426
29 years$2,725$1,978$1,410$990$687$375
30 years$2,606$1,868$1,313$909$621$330
31 years$2,494$1,766$1,225$835$561$291
32 years$2,390$1,671$1,142$767$507$256
33 years$2,292$1,582$1,067$705$459$226
34 years$2,201$1,500$997$649$416$199
35 years$2,114$1,422$932$597$377$176
36 years$2,033$1,350$872$550$341$155
37 years$1,956$1,282$816$507$309$137
38 years$1,884$1,219$764$467$280$121
39 years$1,815$1,159$716$431$254$106
40 years$1,750$1,102$671$397$231$94
41 years$1,688$1,049$629$367$209$83
42 years$1,630$999$590$338$190$73
43 years$1,574$952$554$312$172$65
44 years$1,521$908$520$288$156$57
45 years$1,470$866$488$266$142$50
46 years$1,422$826$458$246$129$44
47 years$1,376$788$431$227$117$39
48 years$1,332$752$405$210$106$35
49 years$1,290$718$380$194$97$31
50 years$1,250$686$358$179$88$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,280,000, adding $3,627 every year, while hoping to spend $57,184 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: 45/31/24 Blend
45$1,280,000$1,280,000$1,280,000$1,280,000
46$1,414,301$1,346,461$1,326,621$1,468,004
47$1,497,717$1,351,595$1,310,220$1,511,436
48$1,587,724$1,355,063$1,291,352$1,552,651
49$1,684,935$1,356,724$1,269,876$1,596,207
50$1,790,022$1,356,427$1,245,640$1,642,354
51$1,903,725$1,354,013$1,218,490$1,691,365
52$2,026,856$1,349,310$1,188,260$1,743,548
53$2,160,308$1,342,139$1,154,780$1,799,245
54$2,305,063$1,332,308$1,117,869$1,858,836
55$2,462,203$1,319,614$1,077,340$1,922,746
56$2,632,914$1,303,842$1,032,998$1,991,444
57$2,818,504$1,284,763$984,636$2,065,453
58$3,020,411$1,262,136$932,041$2,145,356
59$3,240,217$1,235,705$874,989$2,231,797
60$3,479,662$1,205,197$813,244$2,325,494
61$3,740,662$1,170,327$746,562$2,427,243
62$4,025,326$1,130,789$674,688$2,537,928
63$4,335,974$1,086,262$597,354$2,658,527
64$4,675,159$1,036,405$514,282$2,790,129
65$5,045,695$980,858$425,180$2,933,938
66$5,450,675$919,240$329,743$3,091,289
67$5,893,509$851,148$227,654$3,263,664
68$6,377,948$776,155$118,582$3,452,703
69$6,908,124$693,811$2,179$3,660,221
70$7,488,586$603,641$0$3,888,232
71$8,124,344$505,142$0$4,170,215
72$8,820,914$397,781$0$4,480,010
73$9,584,373$280,999$0$4,819,888
74$10,421,413$154,201$0$5,192,974
75$11,339,402$16,762$0$5,602,720
76$12,346,460$0$0$6,052,933
77$13,451,526$0$0$6,592,843
78$14,664,449$0$0$7,191,881
79$15,996,077$0$0$7,849,709
80$17,458,361$0$0$8,572,249
81$19,064,465$0$0$9,366,027
82$20,828,889$0$0$10,238,232
83$22,767,610$0$0$11,196,783
84$24,898,228$0$0$12,250,406
85$27,240,130$0$0$13,408,711
86$29,814,678$0$0$14,682,290
87$32,645,406$0$0$16,082,810
88$35,758,242$0$0$17,623,124
89$39,181,751$0$0$19,317,397
90$42,947,408$0$0$21,181,232
91$47,089,888$0$0$23,231,822
92$51,647,400$0$0$25,488,110
93$56,662,041$0$0$27,970,970
94$62,180,192$0$0$30,703,397
95$68,252,961$0$0$33,710,733
96$74,936,661$0$0$37,020,898
97$82,293,337$0$0$40,664,658
98$90,391,358$0$0$44,675,912
99$99,306,057$0$0$49,092,012
100$109,120,440$0$0$53,954,118