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%13.4%
1 years$105,701$104,760$103,841$102,944$102,069$100,627
2 years$52,327$51,353$50,408$49,493$48,604$47,154
3 years$34,538$33,560$32,618$31,710$30,837$29,423
4 years$25,646$24,670$23,737$22,846$21,993$20,628
5 years$20,311$19,341$18,421$17,548$16,719$15,405
6 years$16,756$15,794$14,887$14,033$13,229$11,969
7 years$14,218$13,264$12,371$11,537$10,759$9,553
8 years$12,315$11,369$10,492$9,678$8,925$7,773
9 years$10,836$9,899$9,036$8,244$7,516$6,418
10 years$9,653$8,726$7,878$7,106$6,404$5,358
11 years$8,686$7,768$6,936$6,185$5,508$4,513
12 years$7,881$6,972$6,155$5,425$4,773$3,828
13 years$7,200$6,301$5,499$4,789$4,162$3,266
14 years$6,617$5,727$4,941$4,251$3,649$2,800
15 years$6,112$5,232$4,461$3,791$3,212$2,410
16 years$5,671$4,800$4,045$3,395$2,839$2,081
17 years$5,282$4,421$3,681$3,050$2,517$1,803
18 years$4,936$4,085$3,360$2,749$2,238$1,565
19 years$4,628$3,786$3,076$2,484$1,995$1,361
20 years$4,350$3,518$2,823$2,250$1,782$1,186
21 years$4,100$3,277$2,596$2,042$1,595$1,035
22 years$3,872$3,059$2,393$1,856$1,429$905
23 years$3,664$2,861$2,210$1,691$1,283$792
24 years$3,475$2,680$2,043$1,542$1,153$693
25 years$3,300$2,515$1,893$1,408$1,038$608
26 years$3,139$2,364$1,755$1,288$935$533
27 years$2,991$2,225$1,630$1,179$843$468
28 years$2,853$2,097$1,515$1,080$761$411
29 years$2,725$1,978$1,410$990$687$361
30 years$2,606$1,868$1,313$909$621$317
31 years$2,494$1,766$1,225$835$561$279
32 years$2,390$1,671$1,142$767$507$245
33 years$2,292$1,582$1,067$705$459$216
34 years$2,201$1,500$997$649$416$190
35 years$2,114$1,422$932$597$377$167
36 years$2,033$1,350$872$550$341$147
37 years$1,956$1,282$816$507$309$130
38 years$1,884$1,219$764$467$280$114
39 years$1,815$1,159$716$431$254$101
40 years$1,750$1,102$671$397$231$89
41 years$1,688$1,049$629$367$209$78
42 years$1,630$999$590$338$190$69
43 years$1,574$952$554$312$172$61
44 years$1,521$908$520$288$156$54
45 years$1,470$866$488$266$142$47
46 years$1,422$826$458$246$129$42
47 years$1,376$788$431$227$117$37
48 years$1,332$752$405$210$106$32
49 years$1,290$718$380$194$97$28
50 years$1,250$686$358$179$88$25

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 $4,552 every year, while hoping to spend $32,690 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: 35/50/15 Blend
45$1,280,000$1,280,000$1,280,000$1,280,000
46$1,415,255$1,347,415$1,327,575$1,458,084
47$1,524,830$1,378,657$1,337,267$1,520,811
48$1,644,485$1,410,333$1,346,188$1,585,031
49$1,775,214$1,442,432$1,354,278$1,653,617
50$1,918,113$1,474,938$1,361,473$1,726,973
51$2,074,384$1,507,834$1,367,706$1,805,546
52$2,245,355$1,541,102$1,372,908$1,889,826
53$2,432,486$1,574,720$1,377,005$1,980,353
54$2,637,384$1,608,666$1,379,919$2,077,725
55$2,861,821$1,642,914$1,381,570$2,182,598
56$3,107,746$1,677,436$1,381,872$2,295,696
57$3,377,307$1,712,201$1,380,735$2,417,819
58$3,672,869$1,747,176$1,378,067$2,549,845
59$3,997,037$1,782,323$1,373,767$2,692,745
60$4,352,681$1,817,603$1,367,735$2,847,590
61$4,742,961$1,852,972$1,359,860$3,015,558
62$5,171,358$1,888,382$1,350,031$3,197,950
63$5,641,707$1,923,784$1,338,127$3,396,200
64$6,158,232$1,959,120$1,324,025$3,611,889
65$6,725,586$1,994,331$1,307,595$3,846,760
66$7,348,895$2,029,353$1,288,699$4,102,735
67$8,033,807$2,064,116$1,267,195$4,381,934
68$8,786,543$2,098,546$1,242,933$4,686,694
69$9,613,957$2,132,560$1,215,758$5,019,592
70$10,523,599$2,166,074$1,185,504$5,383,470
71$11,523,788$2,198,994$1,152,001$5,781,462
72$12,623,691$2,231,221$1,115,069$6,217,023
73$13,833,404$2,262,648$1,074,521$6,693,962
74$15,164,055$2,293,161$1,030,161$7,216,481
75$16,627,900$2,322,638$981,783$7,789,212
76$18,238,447$2,350,948$929,174$8,417,263
77$20,010,576$2,377,953$872,109$9,106,266
78$21,960,685$2,403,502$810,354$9,862,432
79$24,106,839$2,427,438$743,665$10,692,606
80$26,468,945$2,449,590$671,786$11,604,339
81$29,068,937$2,469,780$594,451$12,605,955
82$31,930,982$2,487,813$511,379$13,706,632
83$35,081,713$2,503,487$422,281$14,916,488
84$38,550,472$2,516,582$326,851$16,246,681
85$42,369,593$2,526,866$224,773$17,709,511
86$46,574,703$2,534,095$115,715$19,318,539
87$51,205,062$2,538,005$0$21,088,717
88$56,303,930$2,538,319$0$23,036,635
89$61,918,975$2,534,740$0$25,200,129
90$68,102,723$2,526,956$0$27,580,756
91$74,913,057$2,514,632$0$30,200,665
92$82,413,756$2,497,417$0$33,084,270
93$90,675,102$2,474,933$0$36,258,481
94$99,774,543$2,446,786$0$39,752,963
95$109,797,421$2,412,552$0$43,600,408
96$120,837,776$2,371,786$0$47,836,855
97$132,999,240$2,324,014$0$52,502,026
98$146,396,008$2,268,736$0$57,639,702
99$161,153,918$2,205,421$0$63,298,141
100$177,411,638$2,133,507$0$69,530,531