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%15.7%
1 years$109,004$108,033$107,086$106,161$105,259$102,798
2 years$53,963$52,958$51,984$51,039$50,123$47,658
3 years$35,618$34,608$33,637$32,701$31,800$29,407
4 years$26,447$25,441$24,479$23,559$22,680$20,378
5 years$20,946$19,946$18,997$18,096$17,241$15,037
6 years$17,280$16,287$15,352$14,471$13,642$11,538
7 years$14,662$13,678$12,758$11,898$11,095$9,090
8 years$12,700$11,725$10,820$9,981$9,204$7,299
9 years$11,175$10,208$9,319$8,501$7,751$5,944
10 years$9,955$8,998$8,124$7,328$6,604$4,893
11 years$8,958$8,011$7,153$6,378$5,680$4,062
12 years$8,127$7,190$6,348$5,594$4,922$3,395
13 years$7,425$6,498$5,671$4,939$4,292$2,853
14 years$6,824$5,906$5,096$4,384$3,763$2,408
15 years$6,303$5,395$4,601$3,910$3,313$2,040
16 years$5,848$4,950$4,171$3,501$2,928$1,733
17 years$5,447$4,559$3,796$3,146$2,596$1,476
18 years$5,091$4,213$3,465$2,835$2,308$1,260
19 years$4,772$3,904$3,172$2,561$2,057$1,078
20 years$4,486$3,628$2,911$2,320$1,838$923
21 years$4,228$3,379$2,678$2,105$1,645$792
22 years$3,993$3,154$2,468$1,914$1,474$680
23 years$3,779$2,950$2,279$1,743$1,323$584
24 years$3,583$2,764$2,107$1,590$1,189$503
25 years$3,403$2,594$1,952$1,452$1,070$433
26 years$3,237$2,438$1,810$1,328$964$372
27 years$3,084$2,294$1,681$1,215$869$321
28 years$2,942$2,162$1,563$1,114$784$277
29 years$2,810$2,040$1,454$1,021$708$239
30 years$2,687$1,926$1,355$937$640$206
31 years$2,572$1,821$1,263$861$579$178
32 years$2,465$1,723$1,178$791$523$153
33 years$2,364$1,632$1,100$727$474$132
34 years$2,269$1,546$1,028$669$429$114
35 years$2,180$1,467$961$616$388$99
36 years$2,096$1,392$899$567$352$85
37 years$2,017$1,322$841$523$319$74
38 years$1,943$1,257$788$482$289$64
39 years$1,872$1,195$738$444$262$55
40 years$1,805$1,137$692$410$238$47
41 years$1,741$1,082$649$378$216$41
42 years$1,681$1,031$609$349$196$35
43 years$1,623$982$571$322$178$31
44 years$1,568$936$536$297$161$26
45 years$1,516$893$503$275$146$23
46 years$1,466$852$473$254$133$20
47 years$1,419$813$444$234$121$17
48 years$1,374$776$417$217$110$15
49 years$1,330$741$392$200$100$13
50 years$1,289$708$369$185$90$11

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 $6,074 every year, while hoping to spend $36,113 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: 70/24/6 Blend
45$1,320,000$1,320,000$1,320,000$1,320,000
46$1,460,905$1,390,945$1,370,485$1,561,577
47$1,571,494$1,420,678$1,377,973$1,658,641
48$1,692,152$1,450,657$1,384,500$1,759,772
49$1,823,868$1,480,856$1,389,998$1,869,428
50$1,967,732$1,511,247$1,394,393$1,988,438
51$2,124,942$1,541,799$1,397,606$2,117,714
52$2,296,817$1,572,478$1,399,557$2,258,260
53$2,484,810$1,603,247$1,400,159$2,411,182
54$2,690,520$1,634,066$1,399,324$2,577,698
55$2,915,709$1,664,891$1,396,957$2,759,150
56$3,162,316$1,695,675$1,392,960$2,957,017
57$3,432,476$1,726,368$1,387,228$3,172,927
58$3,728,543$1,756,914$1,379,654$3,408,674
59$4,053,106$1,787,254$1,370,124$3,666,234
60$4,409,018$1,817,325$1,358,519$3,947,786
61$4,799,422$1,847,058$1,344,713$4,255,727
62$5,227,779$1,876,379$1,328,577$4,592,702
63$5,697,900$1,905,210$1,309,973$4,961,623
64$6,213,986$1,933,466$1,288,757$5,365,699
65$6,780,663$1,961,055$1,264,780$5,808,467
66$7,403,025$1,987,882$1,237,885$6,293,823
67$8,086,686$2,013,840$1,207,906$6,826,061
68$8,837,830$2,038,820$1,174,673$7,409,914
69$9,663,269$2,062,703$1,138,005$8,050,594
70$10,570,508$2,085,361$1,097,714$8,753,848
71$11,567,816$2,106,660$1,053,603$9,526,009
72$12,664,301$2,126,454$1,005,467$10,374,053
73$13,870,000$2,144,590$953,090$11,305,671
74$15,195,968$2,160,904$896,248$12,329,336
75$16,654,390$2,175,221$834,705$13,454,389
76$18,258,686$2,187,355$768,215$14,691,120
77$20,023,645$2,197,109$696,524$16,050,873
78$21,965,561$2,204,271$619,361$17,546,147
79$24,102,387$2,208,619$536,448$19,190,717
80$26,453,903$2,209,915$447,493$20,999,765
81$29,041,906$2,207,905$352,189$22,990,022
82$31,890,411$2,202,323$250,218$25,179,926
83$35,025,880$2,192,884$141,247$27,589,798
84$38,477,470$2,179,286$24,929$30,242,033
85$42,277,310$2,161,208$0$33,161,312
86$46,460,799$2,138,311$0$36,381,185
87$51,066,948$2,110,236$0$39,927,393
88$56,138,739$2,076,599$0$43,831,402
89$61,723,536$2,036,998$0$48,129,644
90$67,873,529$1,991,004$0$52,862,272
91$74,646,229$1,938,163$0$58,073,536
92$82,105,006$1,877,995$0$63,812,199
93$90,319,692$1,809,992$0$70,132,001
94$99,367,236$1,733,617$0$77,092,164
95$109,332,429$1,648,299$0$84,757,955
96$120,308,708$1,553,437$0$93,201,298
97$132,399,036$1,448,395$0$102,501,460
98$145,716,871$1,332,499$0$112,745,792
99$160,387,238$1,205,038$0$124,030,560
100$176,547,911$1,065,260$0$136,461,853