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%19.2%
1 years$107,353$106,397$105,464$104,553$103,664$99,827
2 years$53,145$52,155$51,196$50,266$49,364$45,542
3 years$35,078$34,084$33,127$32,206$31,318$27,631
4 years$26,046$25,055$24,108$23,202$22,337$18,812
5 years$20,629$19,644$18,709$17,822$16,980$13,628
6 years$17,018$16,041$15,120$14,252$13,436$10,258
7 years$14,440$13,471$12,564$11,718$10,927$7,923
8 years$12,508$11,547$10,656$9,830$9,065$6,232
9 years$11,005$10,054$9,178$8,373$7,634$4,968
10 years$9,804$8,862$8,001$7,217$6,504$4,000
11 years$8,822$7,889$7,044$6,281$5,594$3,247
12 years$8,004$7,081$6,252$5,509$4,848$2,652
13 years$7,313$6,399$5,585$4,864$4,227$2,176
14 years$6,720$5,817$5,018$4,318$3,706$1,793
15 years$6,208$5,314$4,531$3,851$3,263$1,482
16 years$5,759$4,875$4,108$3,448$2,884$1,228
17 years$5,364$4,490$3,738$3,098$2,557$1,019
18 years$5,014$4,149$3,412$2,792$2,273$848
19 years$4,700$3,845$3,124$2,523$2,026$706
20 years$4,418$3,573$2,867$2,285$1,810$589
21 years$4,164$3,328$2,637$2,074$1,620$492
22 years$3,932$3,107$2,430$1,885$1,452$411
23 years$3,722$2,906$2,244$1,717$1,303$343
24 years$3,529$2,722$2,075$1,566$1,171$287
25 years$3,352$2,555$1,922$1,430$1,054$240
26 years$3,188$2,401$1,783$1,308$949$201
27 years$3,037$2,260$1,655$1,197$856$169
28 years$2,897$2,129$1,539$1,097$772$141
29 years$2,767$2,009$1,432$1,006$697$118
30 years$2,646$1,897$1,334$923$630$99
31 years$2,533$1,793$1,244$848$570$83
32 years$2,427$1,697$1,160$779$515$70
33 years$2,328$1,607$1,083$716$466$58
34 years$2,235$1,523$1,012$659$422$49
35 years$2,147$1,445$946$607$382$41
36 years$2,065$1,371$885$559$347$34
37 years$1,987$1,302$829$515$314$29
38 years$1,913$1,238$776$475$285$24
39 years$1,843$1,177$727$438$258$20
40 years$1,777$1,120$681$404$234$17
41 years$1,715$1,066$639$372$212$14
42 years$1,655$1,015$599$344$193$12
43 years$1,598$967$562$317$175$10
44 years$1,545$922$528$293$159$8
45 years$1,493$879$496$271$144$7
46 years$1,444$839$466$250$131$6
47 years$1,398$800$437$231$119$5
48 years$1,353$764$411$213$108$4
49 years$1,310$730$386$197$98$4
50 years$1,269$697$363$182$89$3

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 $3,852 every year, while hoping to spend $26,153 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: 41/46/13 Blend
45$1,300,000$1,300,000$1,300,000$1,300,000
46$1,436,573$1,367,673$1,347,523$1,489,803
47$1,555,277$1,406,863$1,364,839$1,566,858
48$1,685,212$1,447,096$1,381,858$1,647,326
49$1,827,497$1,488,396$1,398,543$1,733,846
50$1,983,362$1,530,788$1,414,854$1,826,980
51$2,154,162$1,574,295$1,430,750$1,927,347
52$2,341,393$1,618,941$1,446,186$2,035,627
53$2,546,697$1,664,751$1,461,115$2,152,569
54$2,771,887$1,711,750$1,475,489$2,278,997
55$3,018,956$1,759,963$1,489,255$2,415,817
56$3,290,104$1,809,415$1,502,359$2,564,027
57$3,587,750$1,860,132$1,514,743$2,724,726
58$3,914,560$1,912,138$1,526,347$2,899,122
59$4,273,472$1,965,460$1,537,107$3,088,546
60$4,667,722$2,020,123$1,546,955$3,294,463
61$5,100,873$2,076,153$1,555,821$3,518,487
62$5,576,852$2,133,574$1,563,632$3,762,395
63$6,099,986$2,192,414$1,570,308$4,028,142
64$6,675,039$2,252,697$1,575,768$4,317,885
65$7,307,263$2,314,449$1,579,926$4,633,994
66$8,002,442$2,377,695$1,582,692$4,979,086
67$8,766,948$2,442,460$1,583,970$5,356,037
68$9,607,805$2,508,769$1,583,661$5,768,020
69$10,532,748$2,576,645$1,581,660$6,218,527
70$11,550,301$2,646,113$1,577,858$6,711,408
71$12,669,855$2,717,196$1,572,140$7,250,900
72$13,901,759$2,789,918$1,564,386$7,841,675
73$15,257,414$2,864,299$1,554,468$8,488,877
74$16,749,382$2,940,362$1,542,255$9,198,175
75$18,391,506$3,018,126$1,527,607$9,975,815
76$20,199,038$3,097,613$1,510,380$10,828,679
77$22,188,783$3,178,839$1,490,421$11,764,347
78$24,379,260$3,261,823$1,467,571$12,791,174
79$26,790,873$3,346,581$1,441,664$13,918,365
80$29,446,106$3,433,127$1,412,523$15,156,062
81$32,369,733$3,521,475$1,379,967$16,515,440
82$35,589,055$3,611,636$1,343,804$18,008,814
83$39,134,151$3,703,619$1,303,835$19,649,753
84$43,038,171$3,797,432$1,259,849$21,453,210
85$47,337,638$3,893,081$1,211,629$23,435,661
86$52,072,804$3,990,568$1,158,944$25,615,262
87$57,288,018$4,089,894$1,101,557$28,012,020
88$63,032,153$4,191,056$1,039,216$30,647,983
89$69,359,064$4,294,049$971,661$33,547,444
90$76,328,095$4,398,864$898,618$36,737,177
91$84,004,641$4,505,488$819,802$40,246,684
92$92,460,763$4,613,907$734,915$44,108,476
93$101,775,872$4,724,099$643,645$48,358,381
94$112,037,470$4,836,039$545,667$53,035,879
95$123,341,986$4,949,699$440,641$58,184,480
96$135,795,679$5,065,045$328,213$63,852,128
97$149,515,642$5,182,036$208,012$70,091,660
98$164,630,909$5,300,627$79,651$76,961,302
99$181,283,670$5,420,765$0$84,525,221
100$199,630,615$5,542,394$0$92,862,080