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

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$117,262$116,218$115,199$114,204$113,233$109,784
2 years$58,051$56,969$55,922$54,906$53,920$50,475
3 years$38,316$37,230$36,185$35,179$34,209$30,876
4 years$28,451$27,368$26,333$25,344$24,398$21,203
5 years$22,533$21,457$20,436$19,467$18,547$15,497
6 years$18,589$17,521$16,515$15,568$14,676$11,775
7 years$15,773$14,714$13,724$12,799$11,935$9,183
8 years$13,662$12,613$11,639$10,737$9,902$7,296
9 years$12,021$10,982$10,025$9,145$8,339$5,877
10 years$10,709$9,680$8,740$7,883$7,105$4,784
11 years$9,636$8,617$7,694$6,861$6,110$3,926
12 years$8,743$7,735$6,829$6,018$5,295$3,242
13 years$7,988$6,990$6,101$5,313$4,617$2,692
14 years$7,341$6,354$5,482$4,716$4,048$2,244
15 years$6,781$5,804$4,949$4,206$3,564$1,877
16 years$6,291$5,325$4,487$3,766$3,150$1,575
17 years$5,860$4,904$4,083$3,384$2,793$1,324
18 years$5,476$4,532$3,727$3,049$2,483$1,115
19 years$5,134$4,200$3,412$2,755$2,213$941
20 years$4,826$3,903$3,132$2,496$1,977$795
21 years$4,548$3,635$2,880$2,265$1,769$673
22 years$4,295$3,393$2,655$2,059$1,586$569
23 years$4,065$3,174$2,451$1,875$1,424$482
24 years$3,855$2,974$2,267$1,711$1,280$409
25 years$3,661$2,791$2,100$1,562$1,151$347
26 years$3,483$2,623$1,947$1,428$1,037$295
27 years$3,318$2,468$1,808$1,307$935$250
28 years$3,165$2,326$1,681$1,198$844$212
29 years$3,023$2,194$1,564$1,098$762$181
30 years$2,891$2,072$1,457$1,008$688$153
31 years$2,767$1,959$1,358$926$622$130
32 years$2,651$1,854$1,267$851$563$111
33 years$2,543$1,755$1,183$782$509$94
34 years$2,441$1,664$1,106$720$461$80
35 years$2,346$1,578$1,034$663$418$68
36 years$2,255$1,498$967$610$379$58
37 years$2,170$1,422$905$562$343$49
38 years$2,090$1,352$848$518$311$42
39 years$2,014$1,285$794$478$282$36
40 years$1,941$1,223$744$441$256$30
41 years$1,873$1,164$698$407$232$26
42 years$1,808$1,109$655$375$211$22
43 years$1,746$1,056$614$347$191$19
44 years$1,687$1,007$577$320$173$16
45 years$1,631$960$541$295$158$14
46 years$1,578$916$509$273$143$12
47 years$1,527$874$478$252$130$10
48 years$1,478$835$449$233$118$8
49 years$1,431$797$422$215$107$7
50 years$1,386$761$397$199$97$6

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 $5,990 every year, while hoping to spend $54,190 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: 47/35/18 Blend
45$1,420,000$1,420,000$1,420,000$1,420,000
46$1,571,019$1,495,759$1,473,749$1,636,583
47$1,673,605$1,511,393$1,465,462$1,698,455
48$1,784,839$1,525,977$1,455,081$1,759,620
49$1,905,545$1,539,403$1,442,478$1,824,857
50$2,036,630$1,551,554$1,427,522$1,894,568
51$2,179,094$1,562,307$1,410,070$1,969,198
52$2,334,032$1,571,531$1,389,978$2,049,242
53$2,502,653$1,579,085$1,367,093$2,135,245
54$2,686,286$1,584,823$1,341,252$2,227,811
55$2,886,393$1,588,585$1,312,290$2,327,608
56$3,104,583$1,590,203$1,280,030$2,435,376
57$3,342,627$1,589,500$1,244,288$2,551,932
58$3,602,475$1,586,286$1,204,872$2,678,181
59$3,886,273$1,580,360$1,161,580$2,815,124
60$4,196,384$1,571,508$1,114,204$2,963,866
61$4,535,407$1,559,504$1,062,522$3,125,632
62$4,906,208$1,544,109$1,006,305$3,301,773
63$5,311,938$1,525,067$945,313$3,493,785
64$5,756,069$1,502,109$879,295$3,703,320
65$6,242,424$1,474,948$807,987$3,932,205
66$6,775,214$1,443,283$731,117$4,182,457
67$7,359,074$1,406,792$648,398$4,456,309
68$7,999,110$1,365,136$559,531$4,756,223
69$8,700,947$1,317,955$464,202$5,084,924
70$9,470,778$1,264,869$362,087$5,445,419
71$10,315,425$1,205,476$252,845$5,841,031
72$11,242,403$1,139,349$136,120$6,275,429
73$12,259,989$1,066,038$11,541$6,752,666
74$13,377,301$985,067$0$7,277,219
75$14,604,383$895,932$0$7,877,347
76$15,952,299$798,101$0$8,539,070
77$17,433,238$691,013$0$9,266,277
78$19,060,627$574,071$0$10,065,703
79$20,849,260$446,650$0$10,944,779
80$22,815,433$308,085$0$11,911,702
81$24,977,103$157,676$0$12,975,513
82$27,354,048$0$0$14,146,187
83$29,968,065$0$0$15,436,771
84$32,843,165$0$0$16,923,226
85$36,005,802$0$0$18,558,524
86$39,485,127$0$0$20,357,761
87$43,313,255$0$0$22,337,566
88$47,525,573$0$0$24,516,267
89$52,161,069$0$0$26,914,053
90$57,262,705$0$0$29,553,174
91$62,877,815$0$0$32,458,141
92$69,058,557$0$0$35,655,968
93$75,862,403$0$0$39,176,417
94$83,352,676$0$0$43,052,283
95$91,599,155$0$0$47,319,703
96$100,678,726$0$0$52,018,496
97$110,676,113$0$0$57,192,541
98$121,684,670$0$0$62,890,185
99$133,807,266$0$0$69,164,705
100$147,157,257$0$0$76,074,807