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

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$106,527$105,578$104,652$103,749$102,866$102,347
2 years$52,736$51,754$50,802$49,879$48,984$48,460
3 years$34,808$33,822$32,872$31,958$31,077$30,565
4 years$25,846$24,863$23,923$23,024$22,165$21,667
5 years$20,470$19,493$18,565$17,685$16,849$16,369
6 years$16,887$15,917$15,003$14,143$13,332$12,869
7 years$14,329$13,367$12,468$11,627$10,843$10,397
8 years$12,411$11,458$10,574$9,754$8,995$8,567
9 years$10,921$9,976$9,107$8,308$7,575$7,165
10 years$9,729$8,794$7,940$7,162$6,454$6,062
11 years$8,754$7,829$6,990$6,233$5,551$5,176
12 years$7,943$7,026$6,203$5,467$4,810$4,452
13 years$7,256$6,350$5,542$4,827$4,195$3,853
14 years$6,669$5,772$4,980$4,284$3,677$3,351
15 years$6,160$5,273$4,496$3,821$3,238$2,928
16 years$5,715$4,838$4,076$3,421$2,861$2,567
17 years$5,323$4,455$3,709$3,074$2,537$2,257
18 years$4,975$4,117$3,386$2,770$2,256$1,990
19 years$4,664$3,815$3,100$2,503$2,011$1,759
20 years$4,384$3,545$2,845$2,267$1,796$1,558
21 years$4,132$3,302$2,617$2,058$1,607$1,382
22 years$3,902$3,083$2,412$1,871$1,441$1,228
23 years$3,693$2,883$2,227$1,704$1,293$1,092
24 years$3,502$2,701$2,059$1,554$1,162$973
25 years$3,326$2,535$1,907$1,419$1,046$868
26 years$3,164$2,383$1,769$1,298$942$774
27 years$3,014$2,242$1,643$1,188$849$692
28 years$2,875$2,113$1,527$1,088$766$618
29 years$2,746$1,993$1,421$998$692$553
30 years$2,626$1,882$1,324$916$625$495
31 years$2,514$1,780$1,234$841$565$443
32 years$2,409$1,684$1,151$773$511$397
33 years$2,310$1,595$1,075$711$463$356
34 years$2,218$1,511$1,004$654$419$319
35 years$2,131$1,433$939$602$380$286
36 years$2,049$1,361$879$555$344$257
37 years$1,971$1,292$822$511$312$230
38 years$1,898$1,228$770$471$283$207
39 years$1,829$1,168$721$434$256$185
40 years$1,764$1,111$676$400$232$166
41 years$1,701$1,058$634$370$211$149
42 years$1,642$1,007$595$341$191$134
43 years$1,586$960$558$315$174$121
44 years$1,533$915$524$291$158$108
45 years$1,482$872$492$268$143$97
46 years$1,433$832$462$248$130$87
47 years$1,387$794$434$229$118$79
48 years$1,342$758$408$212$107$71
49 years$1,300$724$383$196$97$63
50 years$1,259$692$360$181$88$57

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 $4,636 every year, while hoping to spend $21,702 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: 63/21/16 Blend
45$1,290,000$1,290,000$1,290,000$1,290,000
46$1,426,362$1,357,992$1,337,997$1,510,287
47$1,548,760$1,401,443$1,359,729$1,610,656
48$1,682,916$1,446,295$1,381,462$1,717,327
49$1,830,005$1,492,596$1,403,173$1,833,295
50$1,991,323$1,540,390$1,424,837$1,959,464
51$2,168,297$1,589,729$1,446,428$2,096,834
52$2,362,499$1,640,662$1,467,919$2,246,500
53$2,575,661$1,693,241$1,489,281$2,409,673
54$2,809,689$1,747,520$1,510,483$2,587,682
55$3,066,684$1,803,555$1,531,491$2,781,993
56$3,348,960$1,861,404$1,552,270$2,994,221
57$3,659,067$1,921,126$1,572,784$3,226,141
58$3,999,814$1,982,782$1,592,994$3,479,711
59$4,374,293$2,046,437$1,612,857$3,757,085
60$4,785,913$2,112,155$1,632,331$4,060,638
61$5,238,431$2,180,005$1,651,368$4,392,985
62$5,735,982$2,250,057$1,669,920$4,757,004
63$6,283,125$2,322,383$1,687,936$5,155,868
64$6,884,883$2,397,058$1,705,360$5,593,071
65$7,546,787$2,474,160$1,722,136$6,072,462
66$8,274,934$2,553,769$1,738,203$6,598,281
67$9,076,042$2,635,967$1,753,496$7,175,199
68$9,957,509$2,720,841$1,767,950$7,808,362
69$10,927,491$2,808,479$1,781,492$8,503,438
70$11,994,973$2,898,971$1,794,050$9,266,674
71$13,169,853$2,992,414$1,805,543$10,104,950
72$14,463,040$3,088,904$1,815,891$11,025,847
73$15,886,552$3,188,543$1,825,006$12,037,717
74$17,453,634$3,291,435$1,832,797$13,149,764
75$19,178,877$3,397,688$1,839,168$14,372,126
76$21,078,362$3,507,414$1,844,020$15,715,975
77$23,169,807$3,620,729$1,847,246$17,193,620
78$25,472,735$3,737,752$1,848,736$18,818,623
79$28,008,658$3,858,607$1,848,374$20,605,929
80$30,801,284$3,983,421$1,846,037$22,572,003
81$33,876,734$4,112,327$1,841,598$24,734,989
82$37,263,791$4,245,462$1,834,922$27,114,879
83$40,994,175$4,382,967$1,825,869$29,733,701
84$45,102,836$4,524,987$1,814,291$32,615,729
85$49,628,290$4,671,676$1,800,034$35,787,710
86$54,612,976$4,823,189$1,782,935$39,279,116
87$60,103,662$4,979,687$1,762,826$43,122,424
88$66,151,883$5,141,339$1,739,528$47,353,421
89$72,814,428$5,308,318$1,712,856$52,011,540
90$80,153,877$5,480,804$1,682,614$57,140,236
91$88,239,190$5,658,980$1,648,599$62,787,392
92$97,146,358$5,843,041$1,610,598$69,005,773
93$106,959,121$6,033,184$1,568,386$75,853,522
94$117,769,755$6,229,614$1,521,732$83,394,712
95$129,679,950$6,432,545$1,470,389$91,699,948
96$142,801,762$6,642,196$1,414,104$100,847,031
97$157,258,674$6,858,796$1,352,609$110,921,698
98$173,186,761$7,082,580$1,285,624$122,018,427
99$190,735,976$7,313,792$1,212,858$134,241,328
100$210,071,562$7,552,684$1,134,005$147,705,131