Can I retire at age 46 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$110,656$109,670$108,709$107,770$106,853$102,939
2 years$54,780$53,760$52,771$51,813$50,883$46,983
3 years$36,157$35,133$34,146$33,197$32,282$28,519
4 years$26,848$25,826$24,850$23,916$23,024$19,427
5 years$21,263$20,248$19,285$18,370$17,502$14,080
6 years$17,542$16,534$15,585$14,691$13,849$10,604
7 years$14,885$13,885$12,951$12,078$11,263$8,195
8 years$12,893$11,902$10,983$10,132$9,344$6,450
9 years$11,344$10,363$9,460$8,630$7,869$5,145
10 years$10,106$9,135$8,248$7,439$6,705$4,146
11 years$9,093$8,132$7,261$6,474$5,766$3,367
12 years$8,250$7,299$6,444$5,679$4,997$2,751
13 years$7,538$6,596$5,757$5,014$4,357$2,259
14 years$6,927$5,996$5,173$4,451$3,820$1,863
15 years$6,399$5,477$4,670$3,969$3,363$1,541
16 years$5,937$5,025$4,234$3,554$2,972$1,278
17 years$5,529$4,628$3,853$3,193$2,635$1,062
18 years$5,168$4,276$3,517$2,878$2,343$884
19 years$4,845$3,963$3,220$2,600$2,089$737
20 years$4,554$3,683$2,955$2,355$1,866$615
21 years$4,292$3,430$2,718$2,137$1,670$514
22 years$4,053$3,202$2,505$1,943$1,496$429
23 years$3,836$2,995$2,313$1,770$1,343$359
24 years$3,637$2,806$2,139$1,614$1,207$301
25 years$3,455$2,633$1,981$1,474$1,086$252
26 years$3,286$2,475$1,838$1,348$979$211
27 years$3,131$2,329$1,706$1,234$882$177
28 years$2,987$2,195$1,586$1,130$796$148
29 years$2,853$2,071$1,476$1,037$719$124
30 years$2,728$1,955$1,375$951$650$104
31 years$2,611$1,849$1,282$874$587$88
32 years$2,502$1,749$1,196$803$531$73
33 years$2,400$1,656$1,117$738$481$62
34 years$2,304$1,570$1,043$679$435$52
35 years$2,213$1,489$976$625$394$43
36 years$2,128$1,413$913$576$357$36
37 years$2,048$1,342$854$531$324$31
38 years$1,972$1,276$800$489$294$26
39 years$1,900$1,213$749$451$266$22
40 years$1,832$1,154$702$416$241$18
41 years$1,767$1,099$659$384$219$15
42 years$1,706$1,046$618$354$199$13
43 years$1,648$997$580$327$180$11
44 years$1,592$950$544$302$164$9
45 years$1,539$906$511$279$149$8
46 years$1,489$864$480$258$135$6
47 years$1,441$825$451$238$123$5
48 years$1,394$788$424$220$111$4
49 years$1,350$752$398$203$101$4
50 years$1,308$718$374$188$92$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,340,000, adding $4,868 every year, while hoping to spend $46,024 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: 36/43/21 Blend
45$1,340,000$1,340,000$1,340,000$1,340,000
46$1,481,701$1,410,681$1,389,911$1,525,470
47$1,583,866$1,430,836$1,387,504$1,578,070
48$1,694,908$1,450,435$1,383,474$1,630,188
49$1,815,686$1,469,403$1,377,717$1,685,513
50$1,947,142$1,487,660$1,370,127$1,744,358
51$2,090,314$1,505,118$1,360,589$1,807,072
52$2,246,342$1,521,686$1,348,986$1,874,040
53$2,416,485$1,537,264$1,335,192$1,945,688
54$2,602,123$1,551,747$1,319,078$2,022,491
55$2,804,781$1,565,024$1,300,508$2,104,972
56$3,026,133$1,576,974$1,279,340$2,193,711
57$3,268,023$1,587,470$1,255,422$2,289,350
58$3,532,483$1,596,378$1,228,600$2,392,599
59$3,821,748$1,603,552$1,198,710$2,504,246
60$4,138,280$1,608,840$1,165,581$2,625,160
61$4,484,789$1,612,078$1,129,033$2,756,306
62$4,864,262$1,613,094$1,088,879$2,898,748
63$5,279,984$1,611,703$1,044,924$3,053,665
64$5,735,576$1,607,711$996,963$3,222,362
65$6,235,026$1,600,909$944,782$3,406,280
66$6,782,723$1,591,079$888,157$3,607,014
67$7,383,506$1,577,986$826,855$3,826,325
68$8,042,699$1,561,383$760,630$4,066,165
69$8,766,172$1,541,008$689,229$4,328,685
70$9,560,387$1,516,583$612,384$4,616,269
71$10,432,464$1,487,813$529,816$4,931,546
72$11,390,246$1,454,387$441,236$5,277,425
73$12,442,372$1,415,973$346,338$5,657,118
74$13,598,360$1,372,222$244,807$6,074,175
75$14,868,695$1,322,763$136,310$6,532,517
76$16,264,929$1,267,205$20,503$7,036,474
77$17,799,787$1,205,133$0$7,590,831
78$19,487,288$1,136,108$0$8,223,967
79$21,342,881$1,059,667$0$8,925,023
80$23,383,583$975,318$0$9,695,930
81$25,628,143$882,544$0$10,543,891
82$28,097,221$780,796$0$11,476,854
83$30,813,578$669,495$0$12,503,587
84$33,802,292$548,029$0$13,633,763
85$37,090,995$415,752$0$14,878,052
86$40,710,133$271,981$0$16,248,222
87$44,693,253$115,994$0$17,757,258
88$49,077,318$0$0$19,419,478
89$53,903,056$0$0$21,275,740
90$59,215,344$0$0$23,379,808
91$65,063,633$0$0$25,696,410
92$71,502,409$0$0$28,247,159
93$78,591,712$0$0$31,055,870
94$86,397,700$0$0$34,148,786
95$94,993,273$0$0$37,554,824
96$104,458,758$0$0$41,305,847
97$114,882,673$0$0$45,436,969
98$126,362,553$0$0$49,986,880
99$139,005,880$0$0$54,998,215
100$152,931,089$0$0$60,517,955