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

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$105,701$104,760$103,841$102,944$102,069$99,159
2 years$52,327$51,353$50,408$49,493$48,604$45,696
3 years$34,538$33,560$32,618$31,710$30,837$28,020
4 years$25,646$24,670$23,737$22,846$21,993$19,290
5 years$20,311$19,341$18,421$17,548$16,719$14,137
6 years$16,756$15,794$14,887$14,033$13,229$10,770
7 years$14,218$13,264$12,371$11,537$10,759$8,423
8 years$12,315$11,369$10,492$9,678$8,925$6,712
9 years$10,836$9,899$9,036$8,244$7,516$5,423
10 years$9,653$8,726$7,878$7,106$6,404$4,428
11 years$8,686$7,768$6,936$6,185$5,508$3,646
12 years$7,881$6,972$6,155$5,425$4,773$3,021
13 years$7,200$6,301$5,499$4,789$4,162$2,516
14 years$6,617$5,727$4,941$4,251$3,649$2,105
15 years$6,112$5,232$4,461$3,791$3,212$1,767
16 years$5,671$4,800$4,045$3,395$2,839$1,488
17 years$5,282$4,421$3,681$3,050$2,517$1,256
18 years$4,936$4,085$3,360$2,749$2,238$1,062
19 years$4,628$3,786$3,076$2,484$1,995$899
20 years$4,350$3,518$2,823$2,250$1,782$763
21 years$4,100$3,277$2,596$2,042$1,595$648
22 years$3,872$3,059$2,393$1,856$1,429$550
23 years$3,664$2,861$2,210$1,691$1,283$468
24 years$3,475$2,680$2,043$1,542$1,153$399
25 years$3,300$2,515$1,893$1,408$1,038$339
26 years$3,139$2,364$1,755$1,288$935$289
27 years$2,991$2,225$1,630$1,179$843$247
28 years$2,853$2,097$1,515$1,080$761$210
29 years$2,725$1,978$1,410$990$687$179
30 years$2,606$1,868$1,313$909$621$153
31 years$2,494$1,766$1,225$835$561$131
32 years$2,390$1,671$1,142$767$507$112
33 years$2,292$1,582$1,067$705$459$95
34 years$2,201$1,500$997$649$416$81
35 years$2,114$1,422$932$597$377$70
36 years$2,033$1,350$872$550$341$59
37 years$1,956$1,282$816$507$309$51
38 years$1,884$1,219$764$467$280$43
39 years$1,815$1,159$716$431$254$37
40 years$1,750$1,102$671$397$231$32
41 years$1,688$1,049$629$367$209$27
42 years$1,630$999$590$338$190$23
43 years$1,574$952$554$312$172$20
44 years$1,521$908$520$288$156$17
45 years$1,470$866$488$266$142$14
46 years$1,422$826$458$246$129$12
47 years$1,376$788$431$227$117$11
48 years$1,332$752$405$210$106$9
49 years$1,290$718$380$194$97$8
50 years$1,250$686$358$179$88$7

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 $3,862 every year, while hoping to spend $46,438 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: 55/30/15 Blend
45$1,280,000$1,280,000$1,280,000$1,280,000
46$1,414,544$1,346,704$1,326,864$1,486,558
47$1,509,417$1,363,282$1,321,904$1,552,558
48$1,612,412$1,379,117$1,315,222$1,619,048
49$1,724,306$1,394,122$1,306,710$1,690,391
50$1,845,958$1,408,207$1,296,257$1,767,062
51$1,978,310$1,421,273$1,283,746$1,849,583
52$2,122,400$1,433,218$1,269,054$1,938,531
53$2,279,370$1,443,931$1,252,052$2,034,543
54$2,450,476$1,453,293$1,232,606$2,138,325
55$2,637,101$1,461,181$1,210,575$2,250,651
56$2,840,767$1,467,461$1,185,811$2,372,382
57$3,063,149$1,471,990$1,158,160$2,504,462
58$3,306,092$1,474,620$1,127,460$2,647,939
59$3,571,626$1,475,189$1,093,542$2,803,967
60$3,861,986$1,473,528$1,056,230$2,973,818
61$4,179,634$1,469,456$1,015,339$3,158,900
62$4,527,279$1,462,781$970,676$3,360,766
63$4,907,906$1,453,302$922,037$3,581,128
64$5,324,800$1,440,801$869,213$3,821,879
65$5,781,581$1,425,052$811,983$4,085,105
66$6,282,233$1,405,810$750,115$4,373,110
67$6,831,146$1,382,820$683,369$4,688,436
68$7,433,153$1,355,809$611,493$5,033,890
69$8,093,581$1,324,489$534,224$5,412,567
70$8,818,293$1,288,556$451,287$5,827,882
71$9,613,749$1,247,686$362,396$6,283,607
72$10,487,066$1,201,536$267,250$6,783,899
73$11,446,081$1,149,746$165,538$7,333,348
74$12,499,430$1,091,932$56,932$7,937,017
75$13,656,624$1,027,690$0$8,600,490
76$14,928,144$956,591$0$9,339,368
77$16,325,532$878,181$0$10,161,347
78$17,861,508$791,984$0$11,064,863
79$19,550,083$697,492$0$12,058,249
80$21,406,693$594,171$0$13,150,693
81$23,448,347$481,456$0$14,352,324
82$25,693,781$358,750$0$15,674,313
83$28,163,642$225,424$0$17,128,972
84$30,880,674$80,811$0$18,729,880
85$33,869,941$0$0$20,492,003
86$37,159,055$0$0$22,456,866
87$40,778,442$0$0$24,648,521
88$44,761,625$0$0$27,060,609
89$49,145,542$0$0$29,715,514
90$53,970,893$0$0$32,637,904
91$59,282,523$0$0$35,854,957
92$65,129,848$0$0$39,396,620
93$71,567,315$0$0$43,295,894
94$78,654,923$0$0$47,589,140
95$86,458,780$0$0$52,316,424
96$95,051,733$0$0$57,521,896
97$104,514,054$0$0$63,254,207
98$114,934,194$0$0$69,566,963
99$126,409,618$0$0$76,519,236
100$139,047,729$0$0$84,176,120