Can I retire at age 46 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$118,914$117,855$116,821$115,813$114,828$110,446
2 years$58,868$57,772$56,709$55,679$54,680$50,317
3 years$38,856$37,755$36,695$35,674$34,691$30,485
4 years$28,851$27,754$26,704$25,701$24,742$20,724
5 years$22,850$21,759$20,724$19,741$18,808$14,988
6 years$18,851$17,768$16,748$15,787$14,883$11,263
7 years$15,995$14,922$13,917$12,979$12,103$8,684
8 years$13,855$12,791$11,803$10,888$10,041$6,819
9 years$12,191$11,136$10,166$9,274$8,456$5,426
10 years$10,860$9,816$8,863$7,994$7,205$4,361
11 years$9,772$8,739$7,803$6,958$6,196$3,533
12 years$8,866$7,843$6,925$6,103$5,370$2,879
13 years$8,100$7,088$6,187$5,388$4,683$2,358
14 years$7,444$6,443$5,559$4,783$4,105$1,938
15 years$6,876$5,886$5,019$4,265$3,614$1,599
16 years$6,380$5,400$4,550$3,819$3,194$1,322
17 years$5,942$4,973$4,141$3,431$2,832$1,095
18 years$5,554$4,596$3,780$3,092$2,518$909
19 years$5,206$4,259$3,460$2,794$2,245$755
20 years$4,894$3,958$3,176$2,531$2,005$629
21 years$4,612$3,687$2,921$2,297$1,794$523
22 years$4,356$3,441$2,692$2,088$1,608$436
23 years$4,123$3,218$2,486$1,902$1,444$364
24 years$3,909$3,016$2,299$1,735$1,298$304
25 years$3,713$2,830$2,129$1,584$1,168$254
26 years$3,532$2,660$1,975$1,448$1,052$212
27 years$3,364$2,503$1,834$1,326$948$177
28 years$3,209$2,359$1,705$1,215$856$148
29 years$3,065$2,225$1,586$1,114$773$124
30 years$2,931$2,101$1,478$1,022$698$103
31 years$2,806$1,986$1,378$939$631$86
32 years$2,689$1,880$1,285$863$571$72
33 years$2,579$1,780$1,200$794$517$60
34 years$2,476$1,687$1,121$730$468$51
35 years$2,379$1,600$1,048$672$424$42
36 years$2,287$1,519$981$619$384$35
37 years$2,201$1,442$918$570$348$30
38 years$2,119$1,371$860$526$315$25
39 years$2,042$1,304$805$485$286$21
40 years$1,969$1,240$755$447$259$17
41 years$1,899$1,181$708$412$235$15
42 years$1,833$1,124$664$381$214$12
43 years$1,771$1,071$623$351$194$10
44 years$1,711$1,021$585$324$176$8
45 years$1,654$974$549$300$160$7
46 years$1,600$929$516$277$145$6
47 years$1,548$886$485$256$132$5
48 years$1,499$846$455$236$120$4
49 years$1,451$808$428$218$109$3
50 years$1,406$772$402$202$99$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,440,000, adding $5,458 every year, while hoping to spend $31,238 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: 69/22/9 Blend
45$1,440,000$1,440,000$1,440,000$1,440,000
46$1,592,510$1,516,190$1,493,870$1,699,297
47$1,721,709$1,557,246$1,510,678$1,811,848
48$1,863,039$1,599,267$1,527,001$1,930,617
49$2,017,705$1,642,268$1,542,792$2,059,705
50$2,187,034$1,686,261$1,557,998$2,200,119
51$2,372,484$1,731,261$1,572,564$2,352,969
52$2,575,665$1,777,280$1,586,432$2,519,474
53$2,798,348$1,824,332$1,599,543$2,700,979
54$3,042,484$1,872,429$1,611,832$2,898,964
55$3,310,221$1,921,581$1,623,232$3,115,059
56$3,603,925$1,971,800$1,633,671$3,351,059
57$3,926,203$2,023,096$1,643,077$3,608,942
58$4,279,925$2,075,477$1,651,370$3,890,885
59$4,668,255$2,128,953$1,658,468$4,199,289
60$5,094,675$2,183,530$1,664,285$4,536,794
61$5,563,023$2,239,214$1,668,730$4,906,313
62$6,077,526$2,296,011$1,671,707$5,311,052
63$6,642,842$2,353,923$1,673,117$5,754,543
64$7,264,100$2,412,954$1,672,855$6,240,679
65$7,946,953$2,473,103$1,670,810$6,773,746
66$8,697,627$2,534,370$1,666,867$7,358,470
67$9,522,982$2,596,751$1,660,905$8,000,055
68$10,430,577$2,660,243$1,652,796$8,704,234
69$11,428,739$2,724,837$1,642,407$9,477,326
70$12,526,641$2,790,525$1,629,599$10,326,291
71$13,734,393$2,857,296$1,614,225$11,258,801
72$15,063,132$2,925,134$1,596,132$12,283,306
73$16,525,129$2,994,023$1,575,160$13,409,118
74$18,133,904$3,063,942$1,551,140$14,646,498
75$19,904,356$3,134,869$1,523,897$16,006,752
76$21,852,899$3,206,776$1,493,246$17,502,339
77$23,997,620$3,279,633$1,458,995$19,146,986
78$26,358,447$3,353,406$1,420,942$20,955,821
79$28,957,341$3,428,055$1,378,875$22,945,513
80$31,818,497$3,503,537$1,332,575$25,134,430
81$34,968,578$3,579,804$1,281,810$27,542,813
82$38,436,962$3,656,803$1,226,340$30,192,966
83$42,256,021$3,734,476$1,165,911$33,109,467
84$46,461,426$3,812,756$1,100,260$36,319,401
85$51,092,484$3,891,574$1,029,112$39,852,615
86$56,192,508$3,970,852$952,177$43,741,997
87$61,809,225$4,050,505$869,157$48,023,792
88$67,995,228$4,130,441$779,735$52,737,939
89$74,808,468$4,210,560$683,583$57,928,452
90$82,312,808$4,290,753$580,359$63,643,831
91$90,578,617$4,370,902$469,704$69,937,526
92$99,683,441$4,450,881$351,243$76,868,436
93$109,712,729$4,530,552$224,588$84,501,467
94$120,760,645$4,609,767$89,329$92,908,149
95$132,930,950$4,688,365$0$102,167,302
96$146,337,987$4,766,175$0$112,371,074
97$161,107,757$4,843,012$0$123,619,401
98$177,379,107$4,918,679$0$136,009,229
99$195,305,043$4,992,961$0$149,656,850
100$215,054,172$5,065,631$0$164,690,417