Can I retire at age 46 with 1,290,000?

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 $1,290,000?

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$106,527$105,578$104,652$103,749$102,866$102,390
2 years$52,736$51,754$50,802$49,879$48,984$48,503
3 years$34,808$33,822$32,872$31,958$31,077$30,607
4 years$25,846$24,863$23,923$23,024$22,165$21,708
5 years$20,470$19,493$18,565$17,685$16,849$16,408
6 years$16,887$15,917$15,003$14,143$13,332$12,907
7 years$14,329$13,367$12,468$11,627$10,843$10,434
8 years$12,411$11,458$10,574$9,754$8,995$8,602
9 years$10,921$9,976$9,107$8,308$7,575$7,198
10 years$9,729$8,794$7,940$7,162$6,454$6,094
11 years$8,754$7,829$6,990$6,233$5,551$5,206
12 years$7,943$7,026$6,203$5,467$4,810$4,481
13 years$7,256$6,350$5,542$4,827$4,195$3,880
14 years$6,669$5,772$4,980$4,284$3,677$3,377
15 years$6,160$5,273$4,496$3,821$3,238$2,952
16 years$5,715$4,838$4,076$3,421$2,861$2,590
17 years$5,323$4,455$3,709$3,074$2,537$2,279
18 years$4,975$4,117$3,386$2,770$2,256$2,011
19 years$4,664$3,815$3,100$2,503$2,011$1,779
20 years$4,384$3,545$2,845$2,267$1,796$1,577
21 years$4,132$3,302$2,617$2,058$1,607$1,400
22 years$3,902$3,083$2,412$1,871$1,441$1,245
23 years$3,693$2,883$2,227$1,704$1,293$1,108
24 years$3,502$2,701$2,059$1,554$1,162$988
25 years$3,326$2,535$1,907$1,419$1,046$881
26 years$3,164$2,383$1,769$1,298$942$787
27 years$3,014$2,242$1,643$1,188$849$704
28 years$2,875$2,113$1,527$1,088$766$630
29 years$2,746$1,993$1,421$998$692$563
30 years$2,626$1,882$1,324$916$625$505
31 years$2,514$1,780$1,234$841$565$452
32 years$2,409$1,684$1,151$773$511$405
33 years$2,310$1,595$1,075$711$463$364
34 years$2,218$1,511$1,004$654$419$326
35 years$2,131$1,433$939$602$380$293
36 years$2,049$1,361$879$555$344$263
37 years$1,971$1,292$822$511$312$236
38 years$1,898$1,228$770$471$283$212
39 years$1,829$1,168$721$434$256$191
40 years$1,764$1,111$676$400$232$171
41 years$1,701$1,058$634$370$211$154
42 years$1,642$1,007$595$341$191$138
43 years$1,586$960$558$315$174$124
44 years$1,533$915$524$291$158$112
45 years$1,482$872$492$268$143$101
46 years$1,433$832$462$248$130$90
47 years$1,387$794$434$229$118$81
48 years$1,342$758$408$212$107$73
49 years$1,300$724$383$196$97$66
50 years$1,259$692$360$181$88$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,290,000, adding $3,490 every year, while hoping to spend $29,799 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: 62/18/20 Blend
45$1,290,000$1,290,000$1,290,000$1,290,000
46$1,425,180$1,356,810$1,336,815$1,505,969
47$1,538,842$1,391,588$1,349,892$1,595,678
48$1,663,100$1,427,071$1,362,409$1,689,942
49$1,799,001$1,463,263$1,374,315$1,792,171
50$1,947,702$1,500,165$1,385,557$1,903,144
51$2,110,474$1,537,779$1,396,080$2,023,720
52$2,288,718$1,576,106$1,405,824$2,154,844
53$2,483,976$1,615,145$1,414,729$2,297,556
54$2,697,948$1,654,894$1,422,728$2,453,004
55$2,932,505$1,695,349$1,429,755$2,622,451
56$3,189,706$1,736,507$1,435,738$2,807,290
57$3,471,821$1,778,361$1,440,600$3,009,054
58$3,781,350$1,820,904$1,444,264$3,229,435
59$4,121,047$1,864,127$1,446,645$3,470,293
60$4,493,943$1,908,019$1,447,658$3,733,682
61$4,903,380$1,952,566$1,447,209$4,021,862
62$5,353,038$1,997,755$1,445,204$4,337,326
63$5,846,970$2,043,568$1,441,541$4,682,819
64$6,389,644$2,089,985$1,436,115$5,061,367
65$6,985,978$2,136,985$1,428,815$5,476,305
66$7,641,392$2,184,542$1,419,525$5,931,307
67$8,361,859$2,232,629$1,408,123$6,430,424
68$9,153,955$2,281,215$1,394,483$6,978,117
69$10,024,931$2,330,266$1,378,470$7,579,305
70$10,982,769$2,379,745$1,359,944$8,239,407
71$12,036,269$2,429,610$1,338,760$8,964,398
72$13,195,124$2,479,816$1,314,764$9,760,859
73$14,470,013$2,530,314$1,287,795$10,636,046
74$15,872,704$2,581,049$1,257,686$11,597,953
75$17,416,163$2,631,963$1,224,260$12,655,392
76$19,114,673$2,682,991$1,187,335$13,818,072
77$20,983,977$2,734,065$1,146,718$15,096,697
78$23,041,418$2,785,109$1,102,208$16,503,060
79$25,306,105$2,836,042$1,053,595$18,050,160
80$27,799,096$2,886,776$1,000,659$19,752,321
81$30,543,593$2,937,217$943,170$21,625,331
82$33,565,162$2,987,263$880,888$23,686,589
83$36,891,973$3,036,804$813,563$25,955,271
84$40,555,069$3,085,722$740,932$28,452,509
85$44,588,654$3,133,890$662,721$31,201,593
86$49,030,420$3,181,174$578,645$34,228,190
87$53,921,898$3,227,426$488,405$37,560,587
88$59,308,853$3,272,492$391,688$41,229,961
89$65,241,716$3,316,204$288,170$45,270,667
90$71,776,057$3,358,384$177,509$49,720,570
91$78,973,110$3,398,840$59,351$54,621,399
92$86,900,354$3,437,370$0$60,019,143
93$95,632,144$3,473,755$0$65,978,727
94$105,250,418$3,507,764$0$72,556,205
95$115,845,465$3,539,149$0$79,800,542
96$127,516,781$3,567,645$0$87,779,667
97$140,374,006$3,592,974$0$96,568,436
98$154,537,959$3,614,834$0$106,249,340
99$170,141,779$3,632,909$0$116,913,285
100$187,332,177$3,646,859$0$128,660,447