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%17.6%
1 years$109,830$108,852$107,897$106,966$106,056$102,785
2 years$54,371$53,359$52,377$51,426$50,503$47,236
3 years$35,888$34,871$33,892$32,949$32,041$28,880
4 years$26,647$25,634$24,664$23,738$22,852$19,822
5 years$21,105$20,097$19,141$18,233$17,372$14,481
6 years$17,411$16,411$15,468$14,581$13,746$10,996
7 years$14,773$13,782$12,854$11,988$11,179$8,571
8 years$12,796$11,813$10,902$10,056$9,274$6,806
9 years$11,259$10,286$9,389$8,566$7,810$5,479
10 years$10,030$9,066$8,186$7,384$6,655$4,457
11 years$9,026$8,071$7,207$6,426$5,723$3,655
12 years$8,189$7,244$6,396$5,637$4,960$3,017
13 years$7,481$6,547$5,714$4,976$4,325$2,503
14 years$6,876$5,951$5,134$4,417$3,791$2,085
15 years$6,351$5,436$4,636$3,939$3,338$1,743
16 years$5,892$4,988$4,203$3,527$2,950$1,461
17 years$5,488$4,593$3,824$3,169$2,616$1,228
18 years$5,129$4,244$3,491$2,856$2,326$1,033
19 years$4,809$3,934$3,196$2,581$2,073$871
20 years$4,520$3,655$2,933$2,337$1,852$736
21 years$4,260$3,405$2,698$2,121$1,657$622
22 years$4,023$3,178$2,487$1,929$1,485$526
23 years$3,808$2,973$2,296$1,757$1,333$445
24 years$3,610$2,785$2,123$1,602$1,198$377
25 years$3,429$2,614$1,967$1,463$1,078$320
26 years$3,262$2,457$1,824$1,338$971$271
27 years$3,107$2,312$1,694$1,225$876$230
28 years$2,964$2,178$1,574$1,122$790$195
29 years$2,831$2,055$1,465$1,029$714$166
30 years$2,707$1,941$1,365$944$645$141
31 years$2,592$1,835$1,272$867$583$120
32 years$2,483$1,736$1,187$797$527$102
33 years$2,382$1,644$1,108$733$477$86
34 years$2,287$1,558$1,036$674$432$73
35 years$2,197$1,478$968$621$391$62
36 years$2,112$1,403$906$572$355$53
37 years$2,033$1,332$848$527$321$45
38 years$1,957$1,266$794$486$291$38
39 years$1,886$1,204$744$448$264$33
40 years$1,818$1,146$697$413$240$28
41 years$1,754$1,090$654$381$217$24
42 years$1,693$1,038$613$352$197$20
43 years$1,635$989$575$325$179$17
44 years$1,580$943$540$300$163$14
45 years$1,528$899$507$277$148$12
46 years$1,478$858$476$256$134$10
47 years$1,430$819$448$236$122$9
48 years$1,384$782$421$218$110$8
49 years$1,340$746$395$202$100$6
50 years$1,299$713$372$186$91$5

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 $6,318 every year, while hoping to spend $47,847 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: 54/29/17 Blend
45$1,330,000$1,330,000$1,330,000$1,330,000
46$1,472,177$1,401,687$1,381,072$1,544,629
47$1,571,430$1,419,461$1,376,429$1,612,590
48$1,679,204$1,436,502$1,370,027$1,680,903
49$1,796,316$1,452,724$1,361,756$1,754,200
50$1,923,667$1,468,035$1,351,502$1,832,968
51$2,062,248$1,482,335$1,339,145$1,917,747
52$2,213,149$1,495,522$1,324,558$2,009,129
53$2,377,570$1,507,481$1,307,610$2,107,774
54$2,556,829$1,518,095$1,288,162$2,214,404
55$2,752,381$1,527,237$1,266,070$2,329,822
56$2,965,824$1,534,771$1,241,184$2,454,911
57$3,198,918$1,540,555$1,213,343$2,590,648
58$3,453,600$1,544,435$1,182,383$2,738,109
59$3,732,005$1,546,250$1,148,131$2,898,486
60$4,036,480$1,545,827$1,110,404$3,073,090
61$4,369,612$1,542,984$1,069,013$3,263,373
62$4,734,248$1,537,525$1,023,760$3,470,935
63$5,133,523$1,529,246$974,438$3,697,543
64$5,570,890$1,517,927$920,830$3,945,147
65$6,050,152$1,503,336$862,708$4,215,899
66$6,575,496$1,485,228$799,837$4,512,176
67$7,151,534$1,463,341$731,970$4,836,599
68$7,783,346$1,437,401$658,846$5,192,063
69$8,476,527$1,407,113$580,197$5,581,760
70$9,237,240$1,372,169$495,741$6,009,214
71$10,072,273$1,332,240$405,183$6,478,313
72$10,989,104$1,286,978$308,216$6,993,348
73$11,995,969$1,236,017$204,518$7,559,053
74$13,101,943$1,178,967$93,754$8,180,649
75$14,317,021$1,115,417$0$8,863,900
76$15,652,216$1,044,931$0$9,619,596
77$17,119,659$967,049$0$10,468,753
78$18,732,715$881,285$0$11,402,150
79$20,506,108$787,124$0$12,428,394
80$22,456,061$684,023$0$13,556,972
81$24,600,447$571,408$0$14,798,345
82$26,958,956$448,671$0$16,164,045
83$29,553,286$315,172$0$17,666,789
84$32,407,339$170,234$0$19,320,594
85$35,547,454$13,142$0$21,140,916
86$39,002,650$0$0$23,144,793
87$42,804,900$0$0$25,401,066
88$46,989,435$0$0$27,888,954
89$51,595,073$0$0$30,627,361
90$56,664,587$0$0$33,641,739
91$62,245,106$0$0$36,960,130
92$68,388,561$0$0$40,613,435
93$75,152,174$0$0$44,635,704
94$82,598,996$0$0$49,064,455
95$90,798,506$0$0$53,941,030
96$99,827,259$0$0$59,310,983
97$109,769,616$0$0$65,224,512
98$120,718,532$0$0$71,736,932
99$132,776,438$0$0$78,909,193
100$146,056,206$0$0$86,808,460