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

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$118,914$117,855$116,821$115,813$114,828$113,393
2 years$58,868$57,772$56,709$55,679$54,680$53,236
3 years$38,856$37,755$36,695$35,674$34,691$33,283
4 years$28,851$27,754$26,704$25,701$24,742$23,381
5 years$22,850$21,759$20,724$19,741$18,808$17,498
6 years$18,851$17,768$16,748$15,787$14,883$13,625
7 years$15,995$14,922$13,917$12,979$12,103$10,898
8 years$13,855$12,791$11,803$10,888$10,041$8,888
9 years$12,191$11,136$10,166$9,274$8,456$7,356
10 years$10,860$9,816$8,863$7,994$7,205$6,156
11 years$9,772$8,739$7,803$6,958$6,196$5,198
12 years$8,866$7,843$6,925$6,103$5,370$4,421
13 years$8,100$7,088$6,187$5,388$4,683$3,782
14 years$7,444$6,443$5,559$4,783$4,105$3,251
15 years$6,876$5,886$5,019$4,265$3,614$2,806
16 years$6,380$5,400$4,550$3,819$3,194$2,430
17 years$5,942$4,973$4,141$3,431$2,832$2,110
18 years$5,554$4,596$3,780$3,092$2,518$1,837
19 years$5,206$4,259$3,460$2,794$2,245$1,603
20 years$4,894$3,958$3,176$2,531$2,005$1,401
21 years$4,612$3,687$2,921$2,297$1,794$1,226
22 years$4,356$3,441$2,692$2,088$1,608$1,075
23 years$4,123$3,218$2,486$1,902$1,444$943
24 years$3,909$3,016$2,299$1,735$1,298$829
25 years$3,713$2,830$2,129$1,584$1,168$729
26 years$3,532$2,660$1,975$1,448$1,052$641
27 years$3,364$2,503$1,834$1,326$948$565
28 years$3,209$2,359$1,705$1,215$856$497
29 years$3,065$2,225$1,586$1,114$773$439
30 years$2,931$2,101$1,478$1,022$698$387
31 years$2,806$1,986$1,378$939$631$341
32 years$2,689$1,880$1,285$863$571$301
33 years$2,579$1,780$1,200$794$517$266
34 years$2,476$1,687$1,121$730$468$235
35 years$2,379$1,600$1,048$672$424$207
36 years$2,287$1,519$981$619$384$183
37 years$2,201$1,442$918$570$348$162
38 years$2,119$1,371$860$526$315$143
39 years$2,042$1,304$805$485$286$127
40 years$1,969$1,240$755$447$259$112
41 years$1,899$1,181$708$412$235$99
42 years$1,833$1,124$664$381$214$87
43 years$1,771$1,071$623$351$194$77
44 years$1,711$1,021$585$324$176$68
45 years$1,654$974$549$300$160$61
46 years$1,600$929$516$277$145$54
47 years$1,548$886$485$256$132$47
48 years$1,499$846$455$236$120$42
49 years$1,451$808$428$218$109$37
50 years$1,406$772$402$202$99$33

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 $4,384 every year, while hoping to spend $22,471 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: 67/18/15 Blend
45$1,440,000$1,440,000$1,440,000$1,440,000
46$1,591,402$1,515,082$1,492,762$1,692,117
47$1,729,816$1,565,412$1,518,861$1,810,200
48$1,881,595$1,617,455$1,545,080$1,936,218
49$2,048,079$1,671,272$1,571,402$2,073,445
50$2,230,743$1,726,924$1,597,803$2,222,980
51$2,431,212$1,784,476$1,624,263$2,386,031
52$2,651,276$1,843,996$1,650,756$2,563,929
53$2,892,907$1,905,553$1,677,258$2,758,139
54$3,158,278$1,969,219$1,703,740$2,970,274
55$3,449,780$2,035,069$1,730,173$3,202,111
56$3,770,051$2,103,180$1,756,527$3,455,605
57$4,121,993$2,173,633$1,782,768$3,732,911
58$4,508,807$2,246,511$1,808,861$4,036,401
59$4,934,016$2,321,902$1,834,769$4,368,689
60$5,401,504$2,399,893$1,860,452$4,732,651
61$5,915,548$2,480,579$1,885,868$5,131,459
62$6,480,863$2,564,056$1,910,973$5,568,603
63$7,102,640$2,650,424$1,935,720$6,047,929
64$7,786,602$2,739,787$1,960,059$6,573,673
65$8,539,051$2,832,253$1,983,937$7,150,503
66$9,366,935$2,927,933$2,007,299$7,783,559
67$10,277,905$3,026,944$2,030,086$8,478,504
68$11,280,393$3,129,407$2,052,236$9,241,577
69$12,383,691$3,235,445$2,073,684$10,079,651
70$13,598,034$3,345,190$2,094,360$11,000,300
71$14,934,704$3,458,774$2,114,191$12,011,864
72$16,406,129$3,576,339$2,133,102$13,123,537
73$18,026,004$3,698,030$2,151,010$14,345,444
74$19,809,420$3,823,996$2,167,832$15,688,742
75$21,773,004$3,954,395$2,183,478$17,165,725
76$23,935,078$4,089,389$2,197,852$18,789,936
77$26,315,833$4,229,146$2,210,857$20,576,300
78$28,937,516$4,373,841$2,222,388$22,541,259
79$31,824,640$4,523,657$2,232,336$24,702,931
80$35,004,219$4,678,782$2,240,585$27,081,277
81$38,506,019$4,839,412$2,247,014$29,698,296
82$42,362,841$5,005,751$2,251,497$32,578,222
83$46,610,829$5,178,011$2,253,901$35,747,764
84$51,289,811$5,356,412$2,254,084$39,236,347
85$56,443,677$5,541,181$2,251,901$43,076,397
86$62,120,790$5,732,557$2,247,198$47,303,644
87$68,374,444$5,930,786$2,239,812$51,957,459
88$75,263,367$6,136,123$2,229,575$57,081,225
89$82,852,274$6,348,837$2,216,310$62,722,747
90$91,212,478$6,569,203$2,199,829$68,934,703
91$100,422,566$6,797,508$2,179,938$75,775,139
92$110,569,135$7,034,053$2,156,433$83,308,019
93$121,747,612$7,279,148$2,129,099$91,603,828
94$134,063,158$7,533,116$2,097,713$100,740,234
95$147,631,655$7,796,292$2,062,041$110,802,827
96$162,580,800$8,069,028$2,021,836$121,885,918
97$179,051,316$8,351,684$1,976,842$134,093,438
98$197,198,274$8,644,640$1,926,790$147,539,911
99$217,192,559$8,948,289$1,871,398$162,351,540
100$239,222,483$9,263,038$1,810,373$178,667,395