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%11.4%
1 years$117,262$116,218$115,199$114,204$113,233$112,566
2 years$58,051$56,969$55,922$54,906$53,920$53,248
3 years$38,316$37,230$36,185$35,179$34,209$33,552
4 years$28,451$27,368$26,333$25,344$24,398$23,761
5 years$22,533$21,457$20,436$19,467$18,547$17,932
6 years$18,589$17,521$16,515$15,568$14,676$14,083
7 years$15,773$14,714$13,724$12,799$11,935$11,365
8 years$13,662$12,613$11,639$10,737$9,902$9,354
9 years$12,021$10,982$10,025$9,145$8,339$7,814
10 years$10,709$9,680$8,740$7,883$7,105$6,603
11 years$9,636$8,617$7,694$6,861$6,110$5,631
12 years$8,743$7,735$6,829$6,018$5,295$4,837
13 years$7,988$6,990$6,101$5,313$4,617$4,181
14 years$7,341$6,354$5,482$4,716$4,048$3,632
15 years$6,781$5,804$4,949$4,206$3,564$3,169
16 years$6,291$5,325$4,487$3,766$3,150$2,774
17 years$5,860$4,904$4,083$3,384$2,793$2,436
18 years$5,476$4,532$3,727$3,049$2,483$2,145
19 years$5,134$4,200$3,412$2,755$2,213$1,894
20 years$4,826$3,903$3,132$2,496$1,977$1,674
21 years$4,548$3,635$2,880$2,265$1,769$1,483
22 years$4,295$3,393$2,655$2,059$1,586$1,316
23 years$4,065$3,174$2,451$1,875$1,424$1,169
24 years$3,855$2,974$2,267$1,711$1,280$1,040
25 years$3,661$2,791$2,100$1,562$1,151$926
26 years$3,483$2,623$1,947$1,428$1,037$825
27 years$3,318$2,468$1,808$1,307$935$736
28 years$3,165$2,326$1,681$1,198$844$656
29 years$3,023$2,194$1,564$1,098$762$586
30 years$2,891$2,072$1,457$1,008$688$524
31 years$2,767$1,959$1,358$926$622$468
32 years$2,651$1,854$1,267$851$563$419
33 years$2,543$1,755$1,183$782$509$375
34 years$2,441$1,664$1,106$720$461$335
35 years$2,346$1,578$1,034$663$418$300
36 years$2,255$1,498$967$610$379$269
37 years$2,170$1,422$905$562$343$241
38 years$2,090$1,352$848$518$311$216
39 years$2,014$1,285$794$478$282$193
40 years$1,941$1,223$744$441$256$173
41 years$1,873$1,164$698$407$232$155
42 years$1,808$1,109$655$375$211$139
43 years$1,746$1,056$614$347$191$125
44 years$1,687$1,007$577$320$173$112
45 years$1,631$960$541$295$158$100
46 years$1,578$916$509$273$143$90
47 years$1,527$874$478$252$130$81
48 years$1,478$835$449$233$118$72
49 years$1,431$797$422$215$107$65
50 years$1,386$761$397$199$97$58

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 $4,665 every year, while hoping to spend $33,750 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: 52/36/12 Blend
45$1,420,000$1,420,000$1,420,000$1,420,000
46$1,569,652$1,494,392$1,472,382$1,646,061
47$1,693,847$1,531,707$1,485,797$1,736,027
48$1,829,578$1,569,720$1,498,530$1,829,825
49$1,977,987$1,608,429$1,510,523$1,931,062
50$2,140,331$1,647,831$1,521,715$2,040,449
51$2,317,992$1,687,922$1,532,039$2,158,769
52$2,512,494$1,728,697$1,541,430$2,286,885
53$2,725,514$1,770,149$1,549,813$2,425,746
54$2,958,900$1,812,269$1,557,115$2,576,400
55$3,214,686$1,855,048$1,563,257$2,739,997
56$3,495,112$1,898,474$1,568,154$2,917,807
57$3,802,646$1,942,532$1,571,720$3,111,229
58$4,140,007$1,987,206$1,573,863$3,321,802
59$4,510,187$2,032,479$1,574,487$3,551,222
60$4,916,484$2,078,329$1,573,490$3,801,361
61$5,362,531$2,124,732$1,570,768$4,074,276
62$5,852,328$2,171,663$1,566,208$4,372,237
63$6,390,283$2,219,092$1,559,693$4,697,745
64$6,981,252$2,266,988$1,551,103$5,053,555
65$7,630,583$2,315,314$1,540,309$5,442,702
66$8,344,170$2,364,031$1,527,176$5,868,532
67$9,128,502$2,413,096$1,511,564$6,334,731
68$9,990,734$2,462,462$1,493,325$6,845,362
69$10,938,744$2,512,078$1,472,306$7,404,901
70$11,981,212$2,561,886$1,448,345$8,018,283
71$13,127,704$2,611,827$1,421,273$8,690,943
72$14,388,757$2,661,834$1,390,913$9,428,874
73$15,775,982$2,711,834$1,357,080$10,238,679
74$17,302,169$2,761,752$1,319,580$11,127,635
75$18,981,415$2,811,502$1,278,210$12,103,762
76$20,829,248$2,860,994$1,232,758$13,175,899
77$22,862,779$2,910,131$1,183,004$14,353,786
78$25,100,862$2,958,807$1,128,715$15,648,161
79$27,564,272$3,006,910$1,069,648$17,070,854
80$30,275,897$3,054,319$1,005,551$18,634,906
81$33,260,961$3,100,902$936,159$20,354,688
82$36,547,254$3,146,522$861,195$22,246,039
83$40,165,399$3,191,027$780,371$24,326,414
84$44,149,141$3,234,258$693,384$26,615,053
85$48,535,661$3,276,044$599,920$29,133,160
86$53,365,930$3,316,202$499,649$31,904,101
87$58,685,095$3,354,536$392,227$34,953,633
88$64,542,904$3,390,837$277,296$38,310,139
89$70,994,175$3,424,883$154,480$42,004,902
90$78,099,314$3,456,436$23,389$46,072,399
91$85,924,885$3,485,242$0$50,550,629
92$94,544,237$3,511,033$0$55,496,385
93$104,038,195$3,533,520$0$60,945,070
94$114,495,827$3,552,398$0$66,944,608
95$126,015,277$3,567,341$0$73,551,117
96$138,704,699$3,578,005$0$80,826,443
97$152,683,272$3,584,020$0$88,838,741
98$168,082,326$3,584,997$0$97,663,121
99$185,046,582$3,580,521$0$107,382,357
100$203,735,518$3,570,152$0$118,087,669