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%17.8%
1 years$117,262$116,218$115,199$114,204$113,233$109,652
2 years$58,051$56,969$55,922$54,906$53,920$50,345
3 years$38,316$37,230$36,185$35,179$34,209$30,752
4 years$28,451$27,368$26,333$25,344$24,398$21,085
5 years$22,533$21,457$20,436$19,467$18,547$15,388
6 years$18,589$17,521$16,515$15,568$14,676$11,672
7 years$15,773$14,714$13,724$12,799$11,935$9,087
8 years$13,662$12,613$11,639$10,737$9,902$7,207
9 years$12,021$10,982$10,025$9,145$8,339$5,795
10 years$10,709$9,680$8,740$7,883$7,105$4,708
11 years$9,636$8,617$7,694$6,861$6,110$3,856
12 years$8,743$7,735$6,829$6,018$5,295$3,178
13 years$7,988$6,990$6,101$5,313$4,617$2,633
14 years$7,341$6,354$5,482$4,716$4,048$2,191
15 years$6,781$5,804$4,949$4,206$3,564$1,829
16 years$6,291$5,325$4,487$3,766$3,150$1,531
17 years$5,860$4,904$4,083$3,384$2,793$1,284
18 years$5,476$4,532$3,727$3,049$2,483$1,079
19 years$5,134$4,200$3,412$2,755$2,213$909
20 years$4,826$3,903$3,132$2,496$1,977$766
21 years$4,548$3,635$2,880$2,265$1,769$646
22 years$4,295$3,393$2,655$2,059$1,586$546
23 years$4,065$3,174$2,451$1,875$1,424$462
24 years$3,855$2,974$2,267$1,711$1,280$390
25 years$3,661$2,791$2,100$1,562$1,151$330
26 years$3,483$2,623$1,947$1,428$1,037$280
27 years$3,318$2,468$1,808$1,307$935$237
28 years$3,165$2,326$1,681$1,198$844$201
29 years$3,023$2,194$1,564$1,098$762$170
30 years$2,891$2,072$1,457$1,008$688$144
31 years$2,767$1,959$1,358$926$622$122
32 years$2,651$1,854$1,267$851$563$104
33 years$2,543$1,755$1,183$782$509$88
34 years$2,441$1,664$1,106$720$461$75
35 years$2,346$1,578$1,034$663$418$63
36 years$2,255$1,498$967$610$379$54
37 years$2,170$1,422$905$562$343$46
38 years$2,090$1,352$848$518$311$39
39 years$2,014$1,285$794$478$282$33
40 years$1,941$1,223$744$441$256$28
41 years$1,873$1,164$698$407$232$24
42 years$1,808$1,109$655$375$211$20
43 years$1,746$1,056$614$347$191$17
44 years$1,687$1,007$577$320$173$14
45 years$1,631$960$541$295$158$12
46 years$1,578$916$509$273$143$10
47 years$1,527$874$478$252$130$9
48 years$1,478$835$449$233$118$8
49 years$1,431$797$422$215$107$6
50 years$1,386$761$397$199$97$5

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 $4,152 every year, while hoping to spend $51,595 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: 55/19/26 Blend
45$1,420,000$1,420,000$1,420,000$1,420,000
46$1,569,123$1,493,863$1,471,853$1,643,971
47$1,674,277$1,512,165$1,466,263$1,714,237
48$1,788,427$1,529,636$1,458,757$1,785,017
49$1,912,437$1,546,178$1,449,216$1,861,045
50$2,047,256$1,561,691$1,437,515$1,942,843
51$2,193,929$1,576,067$1,423,524$2,030,988
52$2,353,604$1,589,189$1,407,107$2,126,116
53$2,527,547$1,600,935$1,388,121$2,228,932
54$2,717,150$1,611,173$1,366,416$2,340,213
55$2,923,944$1,619,765$1,341,835$2,460,817
56$3,149,614$1,626,562$1,314,214$2,591,692
57$3,396,016$1,631,405$1,283,383$2,733,887
58$3,665,194$1,634,128$1,249,160$2,888,557
59$3,959,395$1,634,552$1,211,358$3,056,980
60$4,281,096$1,632,487$1,169,782$3,240,565
61$4,633,023$1,627,734$1,124,224$3,440,870
62$5,018,177$1,620,078$1,074,471$3,659,615
63$5,439,862$1,609,294$1,020,297$3,898,696
64$5,901,720$1,595,141$961,469$4,160,210
65$6,407,757$1,577,364$897,739$4,446,468
66$6,962,387$1,555,695$828,853$4,760,025
67$7,570,473$1,529,846$754,542$5,103,697
68$8,237,369$1,499,515$674,526$5,480,594
69$8,968,970$1,464,382$588,513$5,894,148
70$9,771,774$1,424,105$496,197$6,348,148
71$10,652,935$1,378,327$397,260$6,846,771
72$11,620,334$1,326,664$291,368$7,394,631
73$12,682,653$1,268,716$178,174$7,996,814
74$13,849,456$1,204,055$57,314$8,658,937
75$15,131,277$1,132,231$0$9,387,192
76$16,539,724$1,052,766$0$10,208,294
77$18,087,581$965,156$0$11,128,162
78$19,788,934$868,870$0$12,139,308
79$21,659,303$763,342$0$13,251,026
80$23,715,785$647,978$0$14,473,559
81$25,977,215$522,150$0$15,818,197
82$28,464,348$385,192$0$17,297,385
83$31,200,048$236,403$0$18,924,841
84$34,209,508$75,042$0$20,715,686
85$37,520,485$0$0$22,686,587
86$41,163,563$0$0$24,876,753
87$45,172,438$0$0$27,304,249
88$49,584,239$0$0$29,975,887
89$54,439,877$0$0$32,916,460
90$59,784,428$0$0$36,153,286
91$65,667,562$0$0$39,716,469
92$72,144,006$0$0$43,639,176
93$79,274,066$0$0$47,957,955
94$87,124,190$0$0$52,713,078
95$95,767,599$0$0$57,948,922
96$105,284,972$0$0$63,714,383
97$115,765,213$0$0$70,063,344
98$127,306,286$0$0$77,055,177
99$140,016,139$0$0$84,755,306
100$154,013,721$0$0$93,235,824