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%18.4%
1 years$106,527$105,578$104,652$103,749$102,866$99,375
2 years$52,736$51,754$50,802$49,879$48,984$45,501
3 years$34,808$33,822$32,872$31,958$31,077$27,713
4 years$25,846$24,863$23,923$23,024$22,165$18,944
5 years$20,470$19,493$18,565$17,685$16,849$13,781
6 years$16,887$15,917$15,003$14,143$13,332$10,419
7 years$14,329$13,367$12,468$11,627$10,843$8,084
8 years$12,411$11,458$10,574$9,754$8,995$6,389
9 years$10,921$9,976$9,107$8,308$7,575$5,118
10 years$9,729$8,794$7,940$7,162$6,454$4,143
11 years$8,754$7,829$6,990$6,233$5,551$3,380
12 years$7,943$7,026$6,203$5,467$4,810$2,775
13 years$7,256$6,350$5,542$4,827$4,195$2,290
14 years$6,669$5,772$4,980$4,284$3,677$1,897
15 years$6,160$5,273$4,496$3,821$3,238$1,577
16 years$5,715$4,838$4,076$3,421$2,861$1,314
17 years$5,323$4,455$3,709$3,074$2,537$1,098
18 years$4,975$4,117$3,386$2,770$2,256$918
19 years$4,664$3,815$3,100$2,503$2,011$770
20 years$4,384$3,545$2,845$2,267$1,796$646
21 years$4,132$3,302$2,617$2,058$1,607$543
22 years$3,902$3,083$2,412$1,871$1,441$456
23 years$3,693$2,883$2,227$1,704$1,293$384
24 years$3,502$2,701$2,059$1,554$1,162$323
25 years$3,326$2,535$1,907$1,419$1,046$272
26 years$3,164$2,383$1,769$1,298$942$229
27 years$3,014$2,242$1,643$1,188$849$193
28 years$2,875$2,113$1,527$1,088$766$163
29 years$2,746$1,993$1,421$998$692$137
30 years$2,626$1,882$1,324$916$625$116
31 years$2,514$1,780$1,234$841$565$98
32 years$2,409$1,684$1,151$773$511$83
33 years$2,310$1,595$1,075$711$463$70
34 years$2,218$1,511$1,004$654$419$59
35 years$2,131$1,433$939$602$380$50
36 years$2,049$1,361$879$555$344$42
37 years$1,971$1,292$822$511$312$35
38 years$1,898$1,228$770$471$283$30
39 years$1,829$1,168$721$434$256$25
40 years$1,764$1,111$676$400$232$21
41 years$1,701$1,058$634$370$211$18
42 years$1,642$1,007$595$341$191$15
43 years$1,586$960$558$315$174$13
44 years$1,533$915$524$291$158$11
45 years$1,482$872$492$268$143$9
46 years$1,433$832$462$248$130$8
47 years$1,387$794$434$229$118$7
48 years$1,342$758$408$212$107$6
49 years$1,300$724$383$196$97$5
50 years$1,259$692$360$181$88$4

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 $3,887 every year, while hoping to spend $50,256 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: 41/32/27 Blend
45$1,290,000$1,290,000$1,290,000$1,290,000
46$1,425,589$1,357,219$1,337,224$1,472,580
47$1,517,528$1,370,251$1,328,549$1,519,899
48$1,617,159$1,382,237$1,317,900$1,566,078
49$1,725,215$1,393,073$1,305,155$1,615,097
50$1,842,501$1,402,648$1,290,192$1,667,247
51$1,969,902$1,410,843$1,272,879$1,722,852
52$2,108,391$1,417,533$1,253,079$1,782,271
53$2,259,038$1,422,584$1,230,649$1,845,904
54$2,423,023$1,425,853$1,205,439$1,914,193
55$2,601,641$1,427,190$1,177,291$1,987,630
56$2,796,320$1,426,434$1,146,041$2,066,760
57$3,008,630$1,423,413$1,111,518$2,152,186
58$3,240,298$1,417,949$1,073,542$2,244,580
59$3,493,227$1,409,847$1,031,925$2,344,683
60$3,769,511$1,398,904$986,469$2,453,319
61$4,071,455$1,384,904$936,970$2,571,399
62$4,401,597$1,367,619$883,212$2,699,934
63$4,762,732$1,346,804$824,971$2,840,041
64$5,157,936$1,322,202$762,013$2,992,960
65$5,590,597$1,293,542$694,092$3,160,061
66$6,064,445$1,260,533$620,952$3,342,861
67$6,583,590$1,222,871$542,325$3,543,041
68$7,152,556$1,180,231$457,933$3,762,456
69$7,776,325$1,132,271$367,482$4,003,164
70$8,460,387$1,078,629$270,669$4,267,437
71$9,210,785$1,018,920$167,176$4,557,788
72$10,034,179$952,741$56,669$4,876,998
73$10,937,901$879,661$0$5,228,140
74$11,930,030$799,228$0$5,632,260
75$13,019,465$710,962$0$6,094,032
76$14,216,009$614,357$0$6,601,373
77$15,530,459$508,878$0$7,158,981
78$16,974,713$393,960$0$7,772,041
79$18,561,875$269,005$0$8,446,271
80$20,306,384$133,384$0$9,187,984
81$22,224,145$0$0$10,004,141
82$24,332,682$0$0$10,907,202
83$26,651,304$0$0$11,952,068
84$29,201,280$0$0$13,101,378
85$32,006,048$0$0$14,365,719
86$35,091,428$0$0$15,756,755
87$38,485,871$0$0$17,287,338
88$42,220,724$0$0$18,971,626
89$46,330,524$0$0$20,825,223
90$50,853,328$0$0$22,865,319
91$55,831,066$0$0$25,110,857
92$61,309,940$0$0$27,582,708
93$67,340,858$0$0$30,303,870
94$73,979,916$0$0$33,299,683
95$81,288,921$0$0$36,598,071
96$89,335,981$0$0$40,229,802
97$98,196,142$0$0$44,228,780
98$107,952,099$0$0$48,632,363
99$118,694,971$0$0$53,481,717
100$130,525,167$0$0$58,822,204