Can I retire at age 46 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$112,308$111,307$110,331$109,379$108,448$105,230
2 years$55,598$54,562$53,559$52,586$51,642$48,426
3 years$36,697$35,657$34,656$33,692$32,764$29,651
4 years$27,248$26,212$25,221$24,273$23,367$20,382
5 years$21,581$20,550$19,572$18,644$17,764$14,913
6 years$17,804$16,781$15,817$14,910$14,056$11,343
7 years$15,107$14,093$13,144$12,258$11,431$8,856
8 years$13,085$12,080$11,147$10,283$9,483$7,045
9 years$11,513$10,518$9,601$8,759$7,986$5,682
10 years$10,257$9,271$8,371$7,550$6,805$4,630
11 years$9,229$8,253$7,369$6,571$5,852$3,805
12 years$8,374$7,408$6,540$5,764$5,071$3,147
13 years$7,650$6,694$5,843$5,088$4,422$2,616
14 years$7,031$6,085$5,250$4,517$3,877$2,184
15 years$6,494$5,559$4,740$4,028$3,413$1,829
16 years$6,025$5,100$4,298$3,607$3,017$1,537
17 years$5,612$4,697$3,911$3,241$2,675$1,294
18 years$5,245$4,340$3,570$2,921$2,378$1,092
19 years$4,917$4,022$3,268$2,639$2,120$923
20 years$4,622$3,738$2,999$2,390$1,893$781
21 years$4,356$3,482$2,759$2,169$1,694$661
22 years$4,114$3,250$2,543$1,972$1,519$561
23 years$3,893$3,040$2,348$1,796$1,363$476
24 years$3,692$2,848$2,171$1,638$1,225$404
25 years$3,506$2,673$2,011$1,496$1,103$343
26 years$3,335$2,512$1,865$1,368$993$292
27 years$3,178$2,364$1,732$1,252$896$248
28 years$3,031$2,228$1,610$1,147$808$211
29 years$2,895$2,101$1,498$1,052$730$180
30 years$2,768$1,985$1,396$966$659$153
31 years$2,650$1,876$1,301$887$596$130
32 years$2,539$1,775$1,214$815$539$111
33 years$2,436$1,681$1,133$749$488$95
34 years$2,338$1,593$1,059$690$442$81
35 years$2,246$1,511$990$635$400$69
36 years$2,160$1,434$926$585$363$58
37 years$2,078$1,362$867$539$329$50
38 years$2,001$1,295$812$496$298$42
39 years$1,928$1,231$761$458$270$36
40 years$1,859$1,171$713$422$245$31
41 years$1,794$1,115$668$390$222$26
42 years$1,731$1,062$627$360$202$22
43 years$1,672$1,012$588$332$183$19
44 years$1,616$964$552$306$166$16
45 years$1,562$920$519$283$151$14
46 years$1,511$877$487$261$137$12
47 years$1,462$837$458$242$124$10
48 years$1,415$799$430$223$113$9
49 years$1,371$763$404$206$103$7
50 years$1,328$729$380$191$93$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,360,000, adding $4,942 every year, while hoping to spend $54,831 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: 61/25/14 Blend
45$1,360,000$1,360,000$1,360,000$1,360,000
46$1,503,818$1,431,738$1,410,658$1,590,074
47$1,598,867$1,443,553$1,399,575$1,660,485
48$1,701,774$1,454,110$1,386,283$1,730,652
49$1,813,282$1,463,288$1,370,651$1,805,905
50$1,934,209$1,470,961$1,352,539$1,886,741
51$2,065,453$1,476,993$1,331,804$1,973,707
52$2,208,003$1,481,240$1,308,294$2,067,409
53$2,362,948$1,483,549$1,281,850$2,168,515
54$2,531,483$1,483,757$1,252,307$2,277,763
55$2,714,926$1,481,693$1,219,491$2,395,968
56$2,914,725$1,477,172$1,183,220$2,524,030
57$3,132,474$1,470,001$1,143,305$2,662,941
58$3,369,927$1,459,972$1,099,546$2,813,799
59$3,629,016$1,446,866$1,051,737$2,977,814
60$3,911,866$1,430,453$999,660$3,156,323
61$4,220,815$1,410,485$943,088$3,350,801
62$4,558,441$1,386,701$881,785$3,562,877
63$4,927,579$1,358,826$815,501$3,794,349
64$5,331,350$1,326,566$743,978$4,047,202
65$5,773,192$1,289,612$666,946$4,323,627
66$6,256,890$1,247,636$584,121$4,626,041
67$6,786,613$1,200,291$495,210$4,957,113
68$7,366,951$1,147,208$399,902$5,319,787
69$8,002,958$1,087,999$297,877$5,717,313
70$8,700,202$1,022,254$188,798$6,153,278
71$9,464,815$949,536$72,315$6,631,639
72$10,303,550$869,387$0$7,156,762
73$11,223,845$781,321$0$7,741,232
74$12,233,895$684,823$0$8,394,631
75$13,342,724$579,351$0$9,112,070
76$14,560,274$464,331$0$9,900,081
77$15,897,497$339,158$0$10,765,866
78$17,366,457$203,193$0$11,717,368
79$18,980,444$55,758$0$12,763,343
80$20,754,101$0$0$13,913,446
81$22,703,556$0$0$15,206,894
82$24,846,581$0$0$16,645,749
83$27,202,753$0$0$18,227,831
84$29,793,642$0$0$19,967,639
85$32,643,012$0$0$21,881,145
86$35,777,047$0$0$23,985,948
87$39,224,592$0$0$26,301,438
88$43,017,434$0$0$28,848,979
89$47,190,591$0$0$31,652,111
90$51,782,650$0$0$34,736,768
91$56,836,125$0$0$38,131,529
92$62,397,861$0$0$41,867,882
93$68,519,475$0$0$45,980,521
94$75,257,839$0$0$50,507,676
95$82,675,623$0$0$55,491,471
96$90,841,877$0$0$60,978,321
97$99,832,689$0$0$67,019,371
98$109,731,900$0$0$73,670,979
99$120,631,893$0$0$80,995,242
100$132,634,466$0$0$89,060,591