Can I retire at age 46 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$109,004$108,033$107,086$106,161$105,259$101,524
2 years$53,963$52,958$51,984$51,039$50,123$46,400
3 years$35,618$34,608$33,637$32,701$31,800$28,206
4 years$26,447$25,441$24,479$23,559$22,680$19,243
5 years$20,946$19,946$18,997$18,096$17,241$13,969
6 years$17,280$16,287$15,352$14,471$13,642$10,538
7 years$14,662$13,678$12,758$11,898$11,095$8,157
8 years$12,700$11,725$10,820$9,981$9,204$6,432
9 years$11,175$10,208$9,319$8,501$7,751$5,140
10 years$9,955$8,998$8,124$7,328$6,604$4,150
11 years$8,958$8,011$7,153$6,378$5,680$3,377
12 years$8,127$7,190$6,348$5,594$4,922$2,765
13 years$7,425$6,498$5,671$4,939$4,292$2,275
14 years$6,824$5,906$5,096$4,384$3,763$1,880
15 years$6,303$5,395$4,601$3,910$3,313$1,558
16 years$5,848$4,950$4,171$3,501$2,928$1,295
17 years$5,447$4,559$3,796$3,146$2,596$1,078
18 years$5,091$4,213$3,465$2,835$2,308$900
19 years$4,772$3,904$3,172$2,561$2,057$752
20 years$4,486$3,628$2,911$2,320$1,838$629
21 years$4,228$3,379$2,678$2,105$1,645$527
22 years$3,993$3,154$2,468$1,914$1,474$441
23 years$3,779$2,950$2,279$1,743$1,323$370
24 years$3,583$2,764$2,107$1,590$1,189$311
25 years$3,403$2,594$1,952$1,452$1,070$261
26 years$3,237$2,438$1,810$1,328$964$219
27 years$3,084$2,294$1,681$1,215$869$184
28 years$2,942$2,162$1,563$1,114$784$155
29 years$2,810$2,040$1,454$1,021$708$130
30 years$2,687$1,926$1,355$937$640$109
31 years$2,572$1,821$1,263$861$579$92
32 years$2,465$1,723$1,178$791$523$77
33 years$2,364$1,632$1,100$727$474$65
34 years$2,269$1,546$1,028$669$429$55
35 years$2,180$1,467$961$616$388$46
36 years$2,096$1,392$899$567$352$39
37 years$2,017$1,322$841$523$319$33
38 years$1,943$1,257$788$482$289$27
39 years$1,872$1,195$738$444$262$23
40 years$1,805$1,137$692$410$238$19
41 years$1,741$1,082$649$378$216$16
42 years$1,681$1,031$609$349$196$14
43 years$1,623$982$571$322$178$12
44 years$1,568$936$536$297$161$10
45 years$1,516$893$503$275$146$8
46 years$1,466$852$473$254$133$7
47 years$1,419$813$444$234$121$6
48 years$1,374$776$417$217$110$5
49 years$1,330$741$392$200$100$4
50 years$1,289$708$369$185$90$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,320,000, adding $2,805 every year, while hoping to spend $48,671 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: 33/43/24 Blend
45$1,320,000$1,320,000$1,320,000$1,320,000
46$1,457,533$1,387,573$1,367,113$1,494,856
47$1,554,416$1,403,779$1,361,126$1,539,346
48$1,659,550$1,419,147$1,353,307$1,582,674
49$1,773,724$1,433,586$1,343,543$1,628,391
50$1,897,809$1,446,997$1,331,717$1,676,741
51$2,032,760$1,459,274$1,317,704$1,727,992
52$2,179,630$1,470,306$1,301,375$1,782,444
53$2,339,575$1,479,975$1,282,594$1,840,432
54$2,513,870$1,488,151$1,261,219$1,902,326
55$2,703,916$1,494,702$1,237,102$1,968,538
56$2,911,257$1,499,484$1,210,085$2,039,526
57$3,137,589$1,502,343$1,180,007$2,115,799
58$3,384,783$1,503,117$1,146,698$2,197,920
59$3,654,896$1,501,635$1,109,978$2,286,517
60$3,950,195$1,497,714$1,069,661$2,382,285
61$4,273,172$1,491,160$1,025,552$2,485,995
62$4,626,575$1,481,766$977,447$2,598,502
63$5,013,427$1,469,314$925,133$2,720,756
64$5,437,059$1,453,573$868,387$2,853,806
65$5,901,138$1,434,297$806,977$2,998,819
66$6,409,702$1,411,225$740,659$3,157,086
67$6,967,199$1,384,083$669,178$3,330,037
68$7,578,527$1,352,577$592,270$3,519,255
69$8,249,082$1,316,398$509,656$3,726,495
70$8,984,806$1,275,220$421,047$3,953,698
71$9,792,245$1,228,694$326,141$4,203,014
72$10,678,610$1,176,456$224,622$4,476,821
73$11,651,841$1,118,115$116,160$4,777,750
74$12,720,688$1,053,262$411$5,108,712
75$13,894,789$981,463$0$5,472,929
76$15,184,761$902,258$0$5,905,488
77$16,602,301$815,163$0$6,380,961
78$18,160,293$719,663$0$6,903,697
79$19,872,934$615,218$0$7,478,613
80$21,755,863$501,253$0$8,111,138
81$23,826,312$377,166$0$8,807,265
82$26,103,264$242,315$0$9,573,606
83$28,607,636$96,027$0$10,417,465
84$31,362,471$0$0$11,346,899
85$34,393,160$0$0$12,400,332
86$37,727,679$0$0$13,609,590
87$41,396,851$0$0$14,940,441
88$45,434,638$0$0$16,405,234
89$49,878,461$0$0$18,017,572
90$54,769,554$0$0$19,792,449
91$60,153,348$0$0$21,746,380
92$66,079,904$0$0$23,897,568
93$72,604,382$0$0$26,266,069
94$79,787,564$0$0$28,873,982
95$87,696,422$0$0$31,745,658
96$96,404,755$0$0$34,907,931
97$105,993,883$0$0$38,390,368
98$116,553,410$0$0$42,225,552
99$128,182,076$0$0$46,449,384
100$140,988,683$0$0$51,101,428