Can I retire at age 46 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$117,262$116,218$115,199$114,204$113,233$109,961
2 years$58,051$56,969$55,922$54,906$53,920$50,650
3 years$38,316$37,230$36,185$35,179$34,209$31,043
4 years$28,451$27,368$26,333$25,344$24,398$21,360
5 years$22,533$21,457$20,436$19,467$18,547$15,645
6 years$18,589$17,521$16,515$15,568$14,676$11,913
7 years$15,773$14,714$13,724$12,799$11,935$9,312
8 years$13,662$12,613$11,639$10,737$9,902$7,416
9 years$12,021$10,982$10,025$9,145$8,339$5,988
10 years$10,709$9,680$8,740$7,883$7,105$4,886
11 years$9,636$8,617$7,694$6,861$6,110$4,020
12 years$8,743$7,735$6,829$6,018$5,295$3,329
13 years$7,988$6,990$6,101$5,313$4,617$2,771
14 years$7,341$6,354$5,482$4,716$4,048$2,317
15 years$6,781$5,804$4,949$4,206$3,564$1,944
16 years$6,291$5,325$4,487$3,766$3,150$1,635
17 years$5,860$4,904$4,083$3,384$2,793$1,379
18 years$5,476$4,532$3,727$3,049$2,483$1,165
19 years$5,134$4,200$3,412$2,755$2,213$986
20 years$4,826$3,903$3,132$2,496$1,977$836
21 years$4,548$3,635$2,880$2,265$1,769$709
22 years$4,295$3,393$2,655$2,059$1,586$602
23 years$4,065$3,174$2,451$1,875$1,424$512
24 years$3,855$2,974$2,267$1,711$1,280$435
25 years$3,661$2,791$2,100$1,562$1,151$370
26 years$3,483$2,623$1,947$1,428$1,037$315
27 years$3,318$2,468$1,808$1,307$935$269
28 years$3,165$2,326$1,681$1,198$844$229
29 years$3,023$2,194$1,564$1,098$762$195
30 years$2,891$2,072$1,457$1,008$688$166
31 years$2,767$1,959$1,358$926$622$142
32 years$2,651$1,854$1,267$851$563$121
33 years$2,543$1,755$1,183$782$509$103
34 years$2,441$1,664$1,106$720$461$88
35 years$2,346$1,578$1,034$663$418$75
36 years$2,255$1,498$967$610$379$64
37 years$2,170$1,422$905$562$343$55
38 years$2,090$1,352$848$518$311$47
39 years$2,014$1,285$794$478$282$40
40 years$1,941$1,223$744$441$256$34
41 years$1,873$1,164$698$407$232$29
42 years$1,808$1,109$655$375$211$25
43 years$1,746$1,056$614$347$191$21
44 years$1,687$1,007$577$320$173$18
45 years$1,631$960$541$295$158$15
46 years$1,578$916$509$273$143$13
47 years$1,527$874$478$252$130$11
48 years$1,478$835$449$233$118$10
49 years$1,431$797$422$215$107$8
50 years$1,386$761$397$199$97$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,420,000, adding $6,014 every year, while hoping to spend $25,682 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: 21/50/29 Blend
45$1,420,000$1,420,000$1,420,000$1,420,000
46$1,571,043$1,495,783$1,473,773$1,589,476
47$1,703,964$1,541,751$1,495,819$1,652,820
48$1,849,583$1,589,111$1,517,743$1,717,978
49$2,009,166$1,637,903$1,539,513$1,787,074
50$2,184,111$1,688,171$1,561,097$1,860,445
51$2,375,956$1,739,957$1,582,459$1,938,459
52$2,586,394$1,793,305$1,603,563$2,021,519
53$2,817,292$1,848,263$1,624,368$2,110,070
54$3,070,705$1,904,877$1,644,833$2,204,601
55$3,348,897$1,963,196$1,664,915$2,305,646
56$3,654,361$2,023,269$1,684,566$2,413,796
57$3,989,844$2,085,147$1,703,738$2,529,698
58$4,358,373$2,148,885$1,722,378$2,654,065
59$4,763,281$2,214,534$1,740,431$2,787,681
60$5,208,241$2,282,151$1,757,841$2,931,406
61$5,697,298$2,351,794$1,774,546$3,086,190
62$6,234,911$2,423,520$1,790,481$3,253,074
63$6,825,990$2,497,390$1,805,580$3,433,208
64$7,475,945$2,573,466$1,819,771$3,627,855
65$8,190,737$2,651,812$1,832,979$3,838,404
66$8,976,933$2,732,492$1,845,125$4,066,386
67$9,841,770$2,815,574$1,856,127$4,313,487
68$10,793,220$2,901,126$1,865,896$4,581,560
69$11,840,066$2,989,219$1,874,342$4,872,650
70$12,991,988$3,079,926$1,881,367$5,189,004
71$14,259,650$3,173,321$1,886,872$5,533,099
72$15,654,801$3,269,481$1,890,749$5,907,664
73$17,190,388$3,368,483$1,892,887$6,315,701
74$18,880,678$3,470,409$1,893,168$6,760,519
75$20,741,388$3,575,340$1,891,471$7,245,763
76$22,789,840$3,683,362$1,887,665$7,775,447
77$25,045,118$3,794,561$1,881,616$8,353,992
78$27,528,252$3,909,026$1,873,182$8,986,269
79$30,262,414$4,026,849$1,862,214$9,677,645
80$33,273,138$4,148,123$1,848,556$10,434,031
81$36,588,561$4,272,944$1,832,046$11,261,939
82$40,239,687$4,401,410$1,812,512$12,168,546
83$44,260,678$4,533,623$1,789,774$13,161,757
84$48,689,182$4,669,685$1,763,646$14,250,281
85$53,566,682$4,809,702$1,733,932$15,443,716
86$58,938,889$4,953,784$1,700,424$16,752,636
87$64,856,177$5,102,040$1,662,909$18,188,692
88$71,374,051$5,254,584$1,621,161$19,764,721
89$78,553,679$5,411,534$1,574,945$21,494,869
90$86,462,463$5,573,007$1,524,014$23,394,724
91$95,174,676$5,739,127$1,468,110$25,481,461
92$104,772,166$5,910,017$1,406,965$27,774,005
93$115,345,124$6,085,805$1,340,295$30,293,211
94$126,992,939$6,266,622$1,267,808$33,062,061
95$139,825,134$6,452,601$1,189,195$36,105,878
96$153,962,398$6,643,880$1,104,133$39,452,567
97$169,537,730$6,840,596$1,012,288$43,132,880
98$186,697,686$7,042,894$913,308$47,180,702
99$205,603,772$7,250,917$806,826$51,633,375
100$226,433,961$7,464,817$692,459$56,532,051