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

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$107,353$106,397$105,464$104,553$103,664$100,628
2 years$53,145$52,155$51,196$50,266$49,364$46,330
3 years$35,078$34,084$33,127$32,206$31,318$28,381
4 years$26,046$25,055$24,108$23,202$22,337$19,519
5 years$20,629$19,644$18,709$17,822$16,980$14,289
6 years$17,018$16,041$15,120$14,252$13,436$10,875
7 years$14,440$13,471$12,564$11,718$10,927$8,495
8 years$12,508$11,547$10,656$9,830$9,065$6,762
9 years$11,005$10,054$9,178$8,373$7,634$5,456
10 years$9,804$8,862$8,001$7,217$6,504$4,450
11 years$8,822$7,889$7,044$6,281$5,594$3,659
12 years$8,004$7,081$6,252$5,509$4,848$3,028
13 years$7,313$6,399$5,585$4,864$4,227$2,519
14 years$6,720$5,817$5,018$4,318$3,706$2,104
15 years$6,208$5,314$4,531$3,851$3,263$1,764
16 years$5,759$4,875$4,108$3,448$2,884$1,483
17 years$5,364$4,490$3,738$3,098$2,557$1,250
18 years$5,014$4,149$3,412$2,792$2,273$1,055
19 years$4,700$3,845$3,124$2,523$2,026$892
20 years$4,418$3,573$2,867$2,285$1,810$756
21 years$4,164$3,328$2,637$2,074$1,620$641
22 years$3,932$3,107$2,430$1,885$1,452$544
23 years$3,722$2,906$2,244$1,717$1,303$462
24 years$3,529$2,722$2,075$1,566$1,171$392
25 years$3,352$2,555$1,922$1,430$1,054$334
26 years$3,188$2,401$1,783$1,308$949$284
27 years$3,037$2,260$1,655$1,197$856$242
28 years$2,897$2,129$1,539$1,097$772$206
29 years$2,767$2,009$1,432$1,006$697$175
30 years$2,646$1,897$1,334$923$630$149
31 years$2,533$1,793$1,244$848$570$127
32 years$2,427$1,697$1,160$779$515$108
33 years$2,328$1,607$1,083$716$466$92
34 years$2,235$1,523$1,012$659$422$79
35 years$2,147$1,445$946$607$382$67
36 years$2,065$1,371$885$559$347$57
37 years$1,987$1,302$829$515$314$49
38 years$1,913$1,238$776$475$285$42
39 years$1,843$1,177$727$438$258$36
40 years$1,777$1,120$681$404$234$30
41 years$1,715$1,066$639$372$212$26
42 years$1,655$1,015$599$344$193$22
43 years$1,598$967$562$317$175$19
44 years$1,545$922$528$293$159$16
45 years$1,493$879$496$271$144$14
46 years$1,444$839$466$250$131$12
47 years$1,398$800$437$231$119$10
48 years$1,353$764$411$213$108$9
49 years$1,310$730$386$197$98$7
50 years$1,269$697$363$182$89$6

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 $3,179 every year, while hoping to spend $48,358 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: 31/48/21 Blend
45$1,300,000$1,300,000$1,300,000$1,300,000
46$1,435,879$1,366,979$1,346,829$1,470,932
47$1,530,886$1,382,509$1,340,495$1,513,236
48$1,633,963$1,397,178$1,332,329$1,554,164
49$1,745,883$1,410,895$1,322,217$1,597,213
50$1,867,493$1,423,559$1,310,041$1,642,599
51$1,999,729$1,435,065$1,295,679$1,690,561
52$2,143,618$1,445,300$1,279,001$1,741,364
53$2,300,291$1,454,144$1,259,872$1,795,306
54$2,470,993$1,461,469$1,238,150$1,852,716
55$2,657,092$1,467,139$1,213,686$1,913,962
56$2,860,097$1,471,010$1,186,326$1,979,453
57$3,081,665$1,472,928$1,155,906$2,049,642
58$3,323,624$1,472,730$1,122,257$2,125,034
59$3,587,982$1,470,242$1,085,201$2,206,191
60$3,876,953$1,465,281$1,044,553$2,293,735
61$4,192,974$1,457,652$1,000,117$2,388,359
62$4,538,727$1,447,146$951,690$2,490,831
63$4,917,166$1,433,545$899,061$2,602,003
64$5,331,543$1,416,616$842,006$2,722,821
65$5,785,441$1,396,110$780,294$2,854,334
66$6,282,805$1,371,768$713,682$2,997,705
67$6,827,977$1,343,311$641,917$3,154,225
68$7,425,744$1,310,446$564,734$3,325,321
69$8,081,374$1,272,862$481,857$3,512,579
70$8,800,672$1,230,230$392,996$3,717,753
71$9,590,030$1,182,202$297,852$3,942,787
72$10,456,491$1,128,408$196,108$4,189,831
73$11,407,813$1,068,459$87,437$4,461,269
74$12,452,538$1,001,942$0$4,759,738
75$13,600,082$928,422$0$5,094,551
76$14,860,812$847,437$0$5,483,866
77$16,246,153$758,499$0$5,911,727
78$17,768,689$661,094$0$6,382,174
79$19,442,285$554,677$0$6,899,668
80$21,282,215$438,673$0$7,469,138
81$23,305,308$312,475$0$8,096,025
82$25,530,104$175,441$0$8,786,340
83$27,977,030$26,893$0$9,546,719
84$30,668,592$0$0$10,384,489
85$33,629,588$0$0$11,378,459
86$36,887,339$0$0$12,487,904
87$40,471,948$0$0$13,708,901
88$44,416,582$0$0$15,052,778
89$48,757,789$0$0$16,532,015
90$53,535,837$0$0$18,160,366
91$58,795,096$0$0$19,952,985
92$64,584,454$0$0$21,926,569
93$70,957,784$0$0$24,099,517
94$77,974,443$0$0$26,492,104
95$85,699,839$0$0$29,126,670
96$94,206,043$0$0$32,027,831
97$103,572,472$0$0$35,222,713
98$113,886,635$0$0$38,741,206
99$125,244,961$0$0$42,616,248
100$137,753,705$0$0$46,884,132