Can I retire at age 46 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$114,785$113,762$112,765$111,791$110,841$106,696
2 years$56,824$55,766$54,740$53,746$52,781$48,653
3 years$37,507$36,444$35,421$34,435$33,487$29,505
4 years$27,850$26,790$25,777$24,809$23,883$20,078
5 years$22,057$21,004$20,004$19,056$18,155$14,537
6 years$18,196$17,151$16,166$15,239$14,366$10,936
7 years$15,440$14,403$13,434$12,529$11,683$8,442
8 years$13,374$12,346$11,393$10,510$9,692$6,636
9 years$11,767$10,750$9,813$8,952$8,162$5,287
10 years$10,483$9,475$8,555$7,717$6,955$4,255
11 years$9,433$8,435$7,532$6,716$5,981$3,451
12 years$8,558$7,571$6,684$5,891$5,183$2,816
13 years$7,819$6,842$5,972$5,201$4,520$2,310
14 years$7,186$6,219$5,366$4,617$3,962$1,901
15 years$6,637$5,681$4,845$4,117$3,489$1,570
16 years$6,158$5,213$4,392$3,687$3,083$1,300
17 years$5,736$4,801$3,997$3,312$2,734$1,079
18 years$5,361$4,436$3,649$2,985$2,431$897
19 years$5,025$4,111$3,340$2,697$2,167$746
20 years$4,724$3,820$3,065$2,443$1,935$622
21 years$4,452$3,559$2,820$2,217$1,732$519
22 years$4,205$3,322$2,599$2,016$1,552$433
23 years$3,979$3,107$2,399$1,836$1,393$362
24 years$3,773$2,911$2,219$1,674$1,252$302
25 years$3,584$2,732$2,055$1,529$1,127$253
26 years$3,409$2,567$1,906$1,398$1,015$212
27 years$3,248$2,416$1,770$1,280$915$177
28 years$3,098$2,277$1,646$1,173$826$148
29 years$2,959$2,148$1,531$1,075$746$124
30 years$2,829$2,028$1,426$987$674$104
31 years$2,709$1,918$1,330$906$609$87
32 years$2,595$1,814$1,241$833$551$73
33 years$2,489$1,718$1,158$766$499$61
34 years$2,390$1,628$1,082$705$452$51
35 years$2,296$1,545$1,012$649$409$43
36 years$2,208$1,466$947$597$371$36
37 years$2,124$1,392$886$551$336$30
38 years$2,046$1,323$830$507$304$25
39 years$1,971$1,258$777$468$276$21
40 years$1,900$1,197$729$432$250$18
41 years$1,833$1,140$683$398$227$15
42 years$1,770$1,085$641$367$206$12
43 years$1,709$1,034$601$339$187$10
44 years$1,652$986$565$313$170$9
45 years$1,597$940$530$289$154$7
46 years$1,544$897$498$267$140$6
47 years$1,494$856$468$247$127$5
48 years$1,447$817$440$228$115$4
49 years$1,401$780$413$211$105$4
50 years$1,357$745$388$195$95$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,390,000, adding $2,318 every year, while hoping to spend $27,465 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: 54/21/25 Blend
45$1,390,000$1,390,000$1,390,000$1,390,000
46$1,534,171$1,460,501$1,438,956$1,606,302
47$1,661,434$1,502,843$1,457,938$1,698,597
48$1,800,757$1,546,339$1,476,636$1,795,986
49$1,953,342$1,591,017$1,495,011$1,901,446
50$2,120,511$1,636,905$1,513,022$2,015,760
51$2,303,720$1,684,031$1,530,626$2,139,788
52$2,504,576$1,732,425$1,547,778$2,274,482
53$2,724,843$1,782,114$1,564,429$2,420,887
54$2,966,469$1,833,130$1,580,529$2,580,153
55$3,231,597$1,885,501$1,596,025$2,753,551
56$3,522,589$1,939,259$1,610,861$2,942,476
57$3,842,044$1,994,435$1,624,976$3,148,470
58$4,192,829$2,051,058$1,638,309$3,373,226
59$4,578,100$2,109,162$1,650,794$3,618,613
60$5,001,332$2,168,777$1,662,362$3,886,690
61$5,466,356$2,229,936$1,672,940$4,179,724
62$5,977,392$2,292,670$1,682,451$4,500,213
63$6,539,088$2,357,012$1,690,814$4,850,910
64$7,156,564$2,422,996$1,697,946$5,234,848
65$7,835,464$2,490,653$1,703,758$5,655,368
66$8,582,003$2,560,016$1,708,155$6,116,154
67$9,403,029$2,631,119$1,711,041$6,621,261
68$10,306,089$2,703,994$1,712,311$7,175,162
69$11,299,495$2,778,675$1,711,858$7,782,783
70$12,392,407$2,855,194$1,709,569$8,449,552
71$13,594,918$2,933,584$1,705,325$9,181,452
72$14,918,147$3,013,877$1,699,001$9,985,076
73$16,374,346$3,096,105$1,690,466$10,867,688
74$17,977,017$3,180,302$1,679,584$11,837,293
75$19,741,033$3,266,497$1,666,210$12,902,713
76$21,682,785$3,354,722$1,650,195$14,073,670
77$23,820,333$3,445,007$1,631,380$15,360,876
78$26,173,577$3,537,382$1,609,601$16,776,139
79$28,764,444$3,631,876$1,584,686$18,332,468
80$31,617,096$3,728,517$1,556,451$20,044,202
81$34,758,157$3,827,332$1,524,710$21,927,140
82$38,216,965$3,928,346$1,489,263$23,998,696
83$42,025,844$4,031,585$1,449,903$26,278,058
84$46,220,419$4,137,071$1,406,413$28,786,373
85$50,839,940$4,244,825$1,358,566$31,546,946
86$55,927,660$4,354,869$1,306,124$34,585,460
87$61,531,243$4,467,219$1,248,841$37,930,216
88$67,703,209$4,581,891$1,186,456$41,612,407
89$74,501,432$4,698,899$1,118,698$45,666,404
90$81,989,687$4,818,255$1,045,284$50,130,089
91$90,238,251$4,939,966$965,917$55,045,208
92$99,324,566$5,064,037$880,288$60,457,765
93$109,333,969$5,190,472$788,074$66,418,461
94$120,360,496$5,319,268$688,938$72,983,168
95$132,507,775$5,450,420$582,526$80,213,460
96$145,889,998$5,583,920$468,470$88,177,193
97$160,633,000$5,719,754$346,386$96,949,148
98$176,875,448$5,857,904$215,872$106,611,736
99$194,770,149$5,998,347$76,509$117,255,775
100$214,485,492$6,141,054$0$128,981,351