Can I retire at age 46 with 1,300,000?

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 $1,300,000?

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$107,353$106,397$105,464$104,553$103,664$102,199
2 years$53,145$52,155$51,196$50,266$49,364$47,891
3 years$35,078$34,084$33,127$32,206$31,318$29,883
4 years$26,046$25,055$24,108$23,202$22,337$20,950
5 years$20,629$19,644$18,709$17,822$16,980$15,646
6 years$17,018$16,041$15,120$14,252$13,436$12,156
7 years$14,440$13,471$12,564$11,718$10,927$9,702
8 years$12,508$11,547$10,656$9,830$9,065$7,895
9 years$11,005$10,054$9,178$8,373$7,634$6,518
10 years$9,804$8,862$8,001$7,217$6,504$5,442
11 years$8,822$7,889$7,044$6,281$5,594$4,583
12 years$8,004$7,081$6,252$5,509$4,848$3,888
13 years$7,313$6,399$5,585$4,864$4,227$3,317
14 years$6,720$5,817$5,018$4,318$3,706$2,844
15 years$6,208$5,314$4,531$3,851$3,263$2,448
16 years$5,759$4,875$4,108$3,448$2,884$2,114
17 years$5,364$4,490$3,738$3,098$2,557$1,831
18 years$5,014$4,149$3,412$2,792$2,273$1,589
19 years$4,700$3,845$3,124$2,523$2,026$1,383
20 years$4,418$3,573$2,867$2,285$1,810$1,205
21 years$4,164$3,328$2,637$2,074$1,620$1,051
22 years$3,932$3,107$2,430$1,885$1,452$919
23 years$3,722$2,906$2,244$1,717$1,303$804
24 years$3,529$2,722$2,075$1,566$1,171$704
25 years$3,352$2,555$1,922$1,430$1,054$617
26 years$3,188$2,401$1,783$1,308$949$541
27 years$3,037$2,260$1,655$1,197$856$475
28 years$2,897$2,129$1,539$1,097$772$417
29 years$2,767$2,009$1,432$1,006$697$367
30 years$2,646$1,897$1,334$923$630$322
31 years$2,533$1,793$1,244$848$570$283
32 years$2,427$1,697$1,160$779$515$249
33 years$2,328$1,607$1,083$716$466$219
34 years$2,235$1,523$1,012$659$422$193
35 years$2,147$1,445$946$607$382$170
36 years$2,065$1,371$885$559$347$150
37 years$1,987$1,302$829$515$314$132
38 years$1,913$1,238$776$475$285$116
39 years$1,843$1,177$727$438$258$102
40 years$1,777$1,120$681$404$234$90
41 years$1,715$1,066$639$372$212$79
42 years$1,655$1,015$599$344$193$70
43 years$1,598$967$562$317$175$62
44 years$1,545$922$528$293$159$54
45 years$1,493$879$496$271$144$48
46 years$1,444$839$466$250$131$42
47 years$1,398$800$437$231$119$37
48 years$1,353$764$411$213$108$33
49 years$1,310$730$386$197$98$29
50 years$1,269$697$363$182$89$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,300,000, adding $3,087 every year, while hoping to spend $45,194 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: 67/12/21 Blend
45$1,300,000$1,300,000$1,300,000$1,300,000
46$1,435,784$1,366,884$1,346,734$1,524,190
47$1,534,148$1,385,776$1,343,764$1,602,715
48$1,641,031$1,404,078$1,339,179$1,683,063
49$1,757,252$1,421,714$1,332,878$1,769,854
50$1,883,717$1,438,603$1,324,755$1,863,722
51$2,021,419$1,454,658$1,314,697$1,965,366
52$2,171,452$1,469,784$1,302,587$2,075,556
53$2,335,019$1,483,883$1,288,303$2,195,143
54$2,513,446$1,496,848$1,271,716$2,325,062
55$2,708,190$1,508,566$1,252,691$2,466,349
56$2,920,857$1,518,917$1,231,088$2,620,141
57$3,153,213$1,527,773$1,206,758$2,787,696
58$3,407,205$1,534,997$1,179,548$2,970,400
59$3,684,973$1,540,445$1,149,296$3,169,780
60$3,988,875$1,543,962$1,115,833$3,387,522
61$4,321,509$1,545,385$1,078,982$3,625,484
62$4,685,733$1,544,539$1,038,558$3,885,716
63$5,084,696$1,541,240$994,368$4,170,476
64$5,521,865$1,535,291$946,209$4,482,257
65$6,001,059$1,526,484$893,871$4,823,806
66$6,526,484$1,514,598$837,133$5,198,153
67$7,102,772$1,499,400$775,763$5,608,638
68$7,735,025$1,480,641$709,521$6,058,946
69$8,428,862$1,458,056$638,155$6,553,138
70$9,190,473$1,431,369$561,400$7,095,692
71$10,026,678$1,400,283$478,984$7,691,546
72$10,944,987$1,364,485$390,618$8,346,145
73$11,953,675$1,323,644$296,003$9,065,491
74$13,061,857$1,277,409$194,826$9,856,202
75$14,279,573$1,225,409$86,759$10,725,576
76$15,617,887$1,167,251$0$11,681,655
77$17,088,986$1,102,521$0$12,739,712
78$18,706,295$1,030,777$0$13,924,284
79$20,484,609$951,557$0$15,226,774
80$22,440,225$864,369$0$16,659,153
81$24,591,098$768,693$0$18,234,612
82$26,957,012$663,981$0$19,967,690
83$29,559,764$549,653$0$21,874,406
84$32,423,371$425,098$0$23,972,414
85$35,574,294$289,666$0$26,281,171
86$39,041,689$142,677$0$28,822,116
87$42,857,681$0$0$31,618,877
88$47,057,668$0$0$34,699,684
89$51,680,650$0$0$38,111,604
90$56,769,604$0$0$41,867,524
91$62,371,884$0$0$46,002,407
92$68,539,667$0$0$50,554,777
93$75,330,449$0$0$55,567,082
94$82,807,582$0$0$61,086,098
95$91,040,875$0$0$67,163,365
96$100,107,253$0$0$73,855,678
97$110,091,477$0$0$81,225,619
98$121,086,951$0$0$89,342,149
99$133,196,597$0$0$98,281,257
100$146,533,828$0$0$108,126,680