Can I retire at age 46 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$108,179$107,215$106,275$105,357$104,461$101,688
2 years$53,554$52,556$51,590$50,653$49,743$46,969
3 years$35,348$34,346$33,382$32,454$31,559$28,871
4 years$26,247$25,248$24,294$23,381$22,508$19,926
5 years$20,787$19,795$18,853$17,959$17,110$14,641
6 years$17,149$16,164$15,236$14,362$13,539$11,185
7 years$14,551$13,574$12,661$11,808$11,011$8,773
8 years$12,604$11,636$10,738$9,905$9,135$7,011
9 years$11,090$10,131$9,248$8,437$7,693$5,682
10 years$9,880$8,930$8,063$7,273$6,554$4,654
11 years$8,890$7,950$7,098$6,329$5,637$3,844
12 years$8,066$7,135$6,300$5,552$4,885$3,196
13 years$7,369$6,448$5,628$4,901$4,260$2,671
14 years$6,772$5,861$5,057$4,351$3,734$2,242
15 years$6,255$5,354$4,566$3,880$3,288$1,889
16 years$5,804$4,913$4,140$3,474$2,906$1,596
17 years$5,406$4,524$3,767$3,122$2,576$1,352
18 years$5,052$4,181$3,439$2,813$2,291$1,147
19 years$4,736$3,875$3,148$2,542$2,042$975
20 years$4,452$3,600$2,889$2,302$1,824$830
21 years$4,196$3,354$2,657$2,089$1,632$708
22 years$3,963$3,131$2,449$1,900$1,463$604
23 years$3,750$2,928$2,261$1,730$1,313$516
24 years$3,556$2,743$2,091$1,578$1,180$441
25 years$3,377$2,574$1,937$1,441$1,062$377
26 years$3,213$2,420$1,797$1,318$957$323
27 years$3,061$2,277$1,668$1,206$863$276
28 years$2,920$2,146$1,551$1,105$778$236
29 years$2,789$2,024$1,443$1,013$703$203
30 years$2,667$1,912$1,344$930$635$174
31 years$2,553$1,807$1,253$854$574$149
32 years$2,446$1,710$1,169$785$519$128
33 years$2,346$1,619$1,092$722$470$109
34 years$2,252$1,535$1,020$664$426$94
35 years$2,164$1,456$954$611$385$80
36 years$2,081$1,382$892$563$349$69
37 years$2,002$1,312$835$519$317$59
38 years$1,928$1,247$782$478$287$51
39 years$1,858$1,186$733$441$260$44
40 years$1,791$1,128$687$407$236$37
41 years$1,728$1,074$644$375$214$32
42 years$1,668$1,023$604$346$194$28
43 years$1,611$975$567$320$176$24
44 years$1,556$929$532$295$160$20
45 years$1,505$886$500$273$145$17
46 years$1,455$845$469$252$132$15
47 years$1,408$806$441$233$120$13
48 years$1,363$770$414$215$109$11
49 years$1,320$735$389$199$99$9
50 years$1,279$702$366$184$90$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,310,000, adding $3,178 every year, while hoping to spend $36,997 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: 62/9/29 Blend
45$1,310,000$1,310,000$1,310,000$1,310,000
46$1,446,898$1,377,468$1,357,163$1,525,134
47$1,555,117$1,405,600$1,363,264$1,606,857
48$1,673,135$1,433,869$1,368,328$1,691,774
49$1,801,911$1,462,245$1,372,284$1,783,723
50$1,942,503$1,490,693$1,375,052$1,883,398
51$2,096,074$1,519,173$1,376,553$1,991,568
52$2,263,906$1,547,645$1,376,700$2,109,078
53$2,447,409$1,576,064$1,375,404$2,236,862
54$2,648,136$1,604,382$1,372,571$2,375,946
55$2,867,796$1,632,547$1,368,102$2,527,466
56$3,108,273$1,660,503$1,361,895$2,692,670
57$3,371,638$1,688,189$1,353,840$2,872,939
58$3,660,176$1,715,542$1,343,825$3,069,791
59$3,976,401$1,742,490$1,331,730$3,284,903
60$4,323,082$1,768,960$1,317,431$3,520,121
61$4,703,268$1,794,871$1,300,797$3,777,484
62$5,120,320$1,820,138$1,281,691$4,059,238
63$5,577,936$1,844,668$1,259,971$4,367,858
64$6,080,192$1,868,363$1,235,487$4,706,076
65$6,631,577$1,891,119$1,208,082$5,076,902
66$7,237,037$1,912,823$1,177,591$5,483,655
67$7,902,019$1,933,354$1,143,844$5,929,993
68$8,632,522$1,952,587$1,106,661$6,419,952
69$9,435,159$1,970,383$1,065,854$6,957,980
70$10,317,212$1,986,598$1,021,226$7,548,979
71$11,286,704$2,001,077$972,573$8,198,355
72$12,352,473$2,013,656$919,680$8,912,068
73$13,524,258$2,024,158$862,323$9,696,687
74$14,812,789$2,032,398$800,266$10,559,456
75$16,229,884$2,038,177$733,267$11,508,359
76$17,788,569$2,041,284$661,067$12,552,197
77$19,503,191$2,041,495$583,401$13,700,674
78$21,389,561$2,038,572$499,989$14,964,484
79$23,465,097$2,032,263$410,540$16,355,420
80$25,748,992$2,022,300$314,749$17,886,477
81$28,262,395$2,008,398$212,298$19,571,982
82$31,028,605$1,990,255$102,856$21,427,728
83$34,073,297$1,967,552$0$23,471,124
84$37,424,760$1,939,949$0$25,725,669
85$41,114,166$1,907,087$0$28,242,448
86$45,175,863$1,868,586$0$31,013,031
87$49,647,696$1,824,041$0$34,063,236
88$54,571,368$1,773,027$0$37,421,517
89$59,992,833$1,715,090$0$41,119,225
90$65,962,726$1,649,753$0$45,190,912
91$72,536,842$1,576,510$0$49,674,650
92$79,776,665$1,494,823$0$54,612,395
93$87,749,943$1,404,128$0$60,050,382
94$96,531,331$1,303,824$0$66,039,560
95$106,203,094$1,193,279$0$72,636,074
96$116,855,882$1,071,822$0$79,901,797
97$128,589,587$938,746$0$87,904,909
98$141,514,283$793,303$0$96,720,548
99$155,751,268$634,703$0$106,431,511
100$171,434,205$462,112$0$117,129,043