Can I retire at age 46 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$109,830$108,852$107,897$106,966$106,056$103,199
2 years$54,371$53,359$52,377$51,426$50,503$47,645
3 years$35,888$34,871$33,892$32,949$32,041$29,272
4 years$26,647$25,634$24,664$23,738$22,852$20,192
5 years$21,105$20,097$19,141$18,233$17,372$14,829
6 years$17,411$16,411$15,468$14,581$13,746$11,323
7 years$14,773$13,782$12,854$11,988$11,179$8,876
8 years$12,796$11,813$10,902$10,056$9,274$7,089
9 years$11,259$10,286$9,389$8,566$7,810$5,742
10 years$10,030$9,066$8,186$7,384$6,655$4,700
11 years$9,026$8,071$7,207$6,426$5,723$3,879
12 years$8,189$7,244$6,396$5,637$4,960$3,223
13 years$7,481$6,547$5,714$4,976$4,325$2,692
14 years$6,876$5,951$5,134$4,417$3,791$2,258
15 years$6,351$5,436$4,636$3,939$3,338$1,901
16 years$5,892$4,988$4,203$3,527$2,950$1,605
17 years$5,488$4,593$3,824$3,169$2,616$1,358
18 years$5,129$4,244$3,491$2,856$2,326$1,152
19 years$4,809$3,934$3,196$2,581$2,073$979
20 years$4,520$3,655$2,933$2,337$1,852$833
21 years$4,260$3,405$2,698$2,121$1,657$709
22 years$4,023$3,178$2,487$1,929$1,485$605
23 years$3,808$2,973$2,296$1,757$1,333$516
24 years$3,610$2,785$2,123$1,602$1,198$441
25 years$3,429$2,614$1,967$1,463$1,078$376
26 years$3,262$2,457$1,824$1,338$971$322
27 years$3,107$2,312$1,694$1,225$876$275
28 years$2,964$2,178$1,574$1,122$790$236
29 years$2,831$2,055$1,465$1,029$714$202
30 years$2,707$1,941$1,365$944$645$173
31 years$2,592$1,835$1,272$867$583$148
32 years$2,483$1,736$1,187$797$527$127
33 years$2,382$1,644$1,108$733$477$109
34 years$2,287$1,558$1,036$674$432$93
35 years$2,197$1,478$968$621$391$80
36 years$2,112$1,403$906$572$355$68
37 years$2,033$1,332$848$527$321$59
38 years$1,957$1,266$794$486$291$50
39 years$1,886$1,204$744$448$264$43
40 years$1,818$1,146$697$413$240$37
41 years$1,754$1,090$654$381$217$32
42 years$1,693$1,038$613$352$197$27
43 years$1,635$989$575$325$179$23
44 years$1,580$943$540$300$163$20
45 years$1,528$899$507$277$148$17
46 years$1,478$858$476$256$134$15
47 years$1,430$819$448$236$122$13
48 years$1,384$782$421$218$110$11
49 years$1,340$746$395$202$100$9
50 years$1,299$713$372$186$91$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,330,000, adding $5,605 every year, while hoping to spend $58,857 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: 48/27/25 Blend
45$1,330,000$1,330,000$1,330,000$1,330,000
46$1,471,442$1,400,952$1,380,337$1,531,362
47$1,558,905$1,406,975$1,363,954$1,579,927
48$1,653,318$1,411,321$1,345,051$1,626,353
49$1,755,325$1,413,844$1,323,479$1,675,596
50$1,865,639$1,414,393$1,299,086$1,727,948
51$1,985,039$1,412,804$1,271,711$1,783,736
52$2,114,385$1,408,903$1,241,185$1,843,320
53$2,254,621$1,402,508$1,207,334$1,907,104
54$2,406,785$1,393,424$1,169,972$1,975,534
55$2,572,019$1,381,443$1,128,908$2,049,106
56$2,751,578$1,366,347$1,083,939$2,128,370
57$2,946,845$1,347,904$1,034,857$2,213,937
58$3,159,339$1,325,867$981,441$2,306,484
59$3,390,732$1,299,976$923,460$2,406,764
60$3,642,866$1,269,953$860,675$2,515,610
61$3,917,765$1,235,508$792,834$2,633,944
62$4,217,659$1,196,330$719,676$2,762,792
63$4,545,001$1,152,090$640,926$2,903,288
64$4,902,491$1,102,443$556,297$3,056,687
65$5,293,104$1,047,021$465,491$3,224,382
66$5,720,111$985,436$368,196$3,407,914
67$6,187,117$917,277$264,086$3,608,988
68$6,698,090$842,111$152,820$3,829,493
69$7,257,399$759,477$34,042$4,071,519
70$7,869,854$668,892$0$4,337,377
71$8,540,754$569,843$0$4,654,356
72$9,275,933$461,788$0$5,011,852
73$10,081,818$344,154$0$5,404,011
74$10,965,484$216,339$0$5,834,404
75$11,934,727$77,703$0$6,306,973
76$12,998,131$0$0$6,826,067
77$14,165,154$0$0$7,418,005
78$15,446,212$0$0$8,093,277
79$16,852,778$0$0$8,834,864
80$18,397,492$0$0$9,649,449
81$20,094,277$0$0$10,544,395
82$21,958,472$0$0$11,527,812
83$24,006,974$0$0$12,608,637
84$26,258,398$0$0$13,796,712
85$28,733,254$0$0$15,102,884
86$31,454,134$0$0$16,539,102
87$34,445,931$0$0$18,118,528
88$37,736,072$0$0$19,855,668
89$41,354,772$0$0$21,766,502
90$45,335,322$0$0$23,868,635
91$49,714,402$0$0$26,181,468
92$54,532,427$0$0$28,726,373
93$59,833,927$0$0$31,526,903
94$65,667,964$0$0$34,609,005
95$72,088,598$0$0$38,001,272
96$79,155,396$0$0$41,735,208
97$86,933,991$0$0$45,845,526
98$95,496,702$0$0$50,370,477
99$104,923,215$0$0$55,352,207
100$115,301,338$0$0$60,837,157