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

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$109,004$108,033$107,086$106,161$105,259$102,589
2 years$53,963$52,958$51,984$51,039$50,123$47,451
3 years$35,618$34,608$33,637$32,701$31,800$29,209
4 years$26,447$25,441$24,479$23,559$22,680$20,190
5 years$20,946$19,946$18,997$18,096$17,241$14,859
6 years$17,280$16,287$15,352$14,471$13,642$11,370
7 years$14,662$13,678$12,758$11,898$11,095$8,933
8 years$12,700$11,725$10,820$9,981$9,204$7,152
9 years$11,175$10,208$9,319$8,501$7,751$5,806
10 years$9,955$8,998$8,124$7,328$6,604$4,765
11 years$8,958$8,011$7,153$6,378$5,680$3,943
12 years$8,127$7,190$6,348$5,594$4,922$3,284
13 years$7,425$6,498$5,671$4,939$4,292$2,751
14 years$6,824$5,906$5,096$4,384$3,763$2,314
15 years$6,303$5,395$4,601$3,910$3,313$1,953
16 years$5,848$4,950$4,171$3,501$2,928$1,654
17 years$5,447$4,559$3,796$3,146$2,596$1,404
18 years$5,091$4,213$3,465$2,835$2,308$1,194
19 years$4,772$3,904$3,172$2,561$2,057$1,017
20 years$4,486$3,628$2,911$2,320$1,838$868
21 years$4,228$3,379$2,678$2,105$1,645$742
22 years$3,993$3,154$2,468$1,914$1,474$634
23 years$3,779$2,950$2,279$1,743$1,323$543
24 years$3,583$2,764$2,107$1,590$1,189$465
25 years$3,403$2,594$1,952$1,452$1,070$399
26 years$3,237$2,438$1,810$1,328$964$342
27 years$3,084$2,294$1,681$1,215$869$294
28 years$2,942$2,162$1,563$1,114$784$252
29 years$2,810$2,040$1,454$1,021$708$216
30 years$2,687$1,926$1,355$937$640$186
31 years$2,572$1,821$1,263$861$579$160
32 years$2,465$1,723$1,178$791$523$137
33 years$2,364$1,632$1,100$727$474$118
34 years$2,269$1,546$1,028$669$429$101
35 years$2,180$1,467$961$616$388$87
36 years$2,096$1,392$899$567$352$75
37 years$2,017$1,322$841$523$319$65
38 years$1,943$1,257$788$482$289$55
39 years$1,872$1,195$738$444$262$48
40 years$1,805$1,137$692$410$238$41
41 years$1,741$1,082$649$378$216$35
42 years$1,681$1,031$609$349$196$30
43 years$1,623$982$571$322$178$26
44 years$1,568$936$536$297$161$22
45 years$1,516$893$503$275$146$19
46 years$1,466$852$473$254$133$17
47 years$1,419$813$444$234$121$14
48 years$1,374$776$417$217$110$12
49 years$1,330$741$392$200$100$11
50 years$1,289$708$369$185$90$9

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 $2,923 every year, while hoping to spend $28,413 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: 69/5/26 Blend
45$1,320,000$1,320,000$1,320,000$1,320,000
46$1,457,655$1,387,695$1,367,235$1,548,300
47$1,576,105$1,425,461$1,382,806$1,647,243
48$1,705,684$1,464,125$1,397,947$1,751,946
49$1,847,498$1,503,701$1,412,612$1,865,875
50$2,002,764$1,544,204$1,426,756$1,989,944
51$2,172,821$1,585,646$1,440,328$2,125,158
52$2,359,147$1,628,040$1,453,277$2,272,627
53$2,563,366$1,671,400$1,465,547$2,433,573
54$2,787,268$1,715,737$1,477,082$2,609,342
55$3,032,825$1,761,064$1,487,820$2,801,418
56$3,302,208$1,807,391$1,497,697$3,011,435
57$3,597,809$1,854,729$1,506,646$3,241,195
58$3,922,264$1,903,089$1,514,596$3,492,682
59$4,278,473$1,952,478$1,521,473$3,768,084
60$4,669,633$2,002,906$1,527,199$4,069,811
61$5,099,267$2,054,380$1,531,692$4,400,519
62$5,571,254$2,106,906$1,534,865$4,763,136
63$6,089,867$2,160,489$1,536,628$5,160,887
64$6,659,814$2,215,134$1,536,885$5,597,326
65$7,286,283$2,270,843$1,535,539$6,076,372
66$7,974,987$2,327,618$1,532,482$6,602,341
67$8,732,222$2,385,458$1,527,607$7,179,991
68$9,564,924$2,444,361$1,520,798$7,814,565
69$10,480,736$2,504,324$1,511,934$8,511,842
70$11,488,076$2,565,341$1,500,889$9,278,190
71$12,596,222$2,627,405$1,487,530$10,120,626
72$13,815,394$2,690,505$1,471,720$11,046,885
73$15,156,854$2,754,629$1,453,312$12,065,489
74$16,633,009$2,819,763$1,432,155$13,185,834
75$18,257,533$2,885,888$1,408,089$14,418,270
76$20,045,488$2,952,983$1,380,947$15,774,206
77$22,013,475$3,021,026$1,350,555$17,266,217
78$24,179,781$3,089,988$1,316,730$18,908,158
79$26,564,560$3,159,839$1,279,282$20,715,300
80$29,190,017$3,230,543$1,238,010$22,704,473
81$32,080,621$3,302,061$1,192,706$24,894,223
82$35,263,332$3,374,351$1,143,150$27,304,992
83$38,767,861$3,447,363$1,089,114$29,959,305
84$42,626,944$3,521,044$1,030,360$32,881,988
85$46,876,652$3,595,336$966,637$36,100,400
86$51,556,737$3,670,173$897,686$39,644,692
87$56,710,998$3,745,486$823,232$43,548,093
88$62,387,701$3,821,196$742,992$47,847,223
89$68,640,031$3,897,220$656,667$52,582,438
90$75,526,596$3,973,465$563,947$57,798,214
91$83,111,977$4,049,833$464,507$63,543,566
92$91,467,340$4,126,215$358,009$69,872,509
93$100,671,104$4,202,496$244,098$76,844,573
94$110,809,687$4,278,548$122,405$84,525,360
95$121,978,313$4,354,236$0$92,987,169
96$134,281,921$4,429,412$0$102,311,746
97$147,836,143$4,503,920$0$112,621,199
98$162,768,406$4,577,589$0$123,978,417
99$179,219,129$4,650,236$0$136,490,161
100$197,343,048$4,721,666$0$150,274,079