Can I retire at age 46 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$120,565$119,492$118,444$117,421$116,422$114,777
2 years$59,686$58,574$57,497$56,452$55,439$53,785
3 years$39,395$38,279$37,204$36,170$35,173$33,561
4 years$29,252$28,139$27,075$26,058$25,086$23,528
5 years$23,168$22,061$21,011$20,015$19,070$17,572
6 years$19,113$18,015$16,980$16,006$15,089$13,652
7 years$16,217$15,129$14,111$13,160$12,272$10,896
8 years$14,047$12,968$11,967$11,039$10,180$8,866
9 years$12,360$11,291$10,307$9,403$8,573$7,320
10 years$11,011$9,953$8,986$8,106$7,305$6,111
11 years$9,908$8,860$7,911$7,054$6,283$5,147
12 years$8,989$7,952$7,021$6,188$5,444$4,367
13 years$8,213$7,187$6,273$5,463$4,748$3,726
14 years$7,548$6,532$5,636$4,849$4,162$3,194
15 years$6,972$5,968$5,089$4,325$3,664$2,749
16 years$6,468$5,475$4,614$3,872$3,238$2,374
17 years$6,025$5,042$4,198$3,479$2,871$2,056
18 years$5,631$4,659$3,832$3,135$2,553$1,785
19 years$5,279$4,318$3,508$2,833$2,276$1,553
20 years$4,962$4,013$3,220$2,566$2,033$1,353
21 years$4,676$3,738$2,962$2,329$1,819$1,181
22 years$4,416$3,489$2,730$2,117$1,631$1,032
23 years$4,180$3,263$2,520$1,928$1,464$903
24 years$3,963$3,057$2,331$1,759$1,316$791
25 years$3,764$2,869$2,159$1,606$1,184$693
26 years$3,581$2,697$2,002$1,469$1,066$608
27 years$3,411$2,538$1,859$1,344$961$534
28 years$3,254$2,391$1,728$1,232$867$469
29 years$3,108$2,256$1,608$1,129$783$412
30 years$2,972$2,131$1,498$1,037$708$362
31 years$2,845$2,014$1,397$952$640$318
32 years$2,726$1,906$1,303$875$579$280
33 years$2,615$1,805$1,217$805$524$246
34 years$2,510$1,710$1,137$740$474$217
35 years$2,412$1,622$1,063$681$430$191
36 years$2,319$1,540$994$628$389$168
37 years$2,231$1,463$931$578$353$148
38 years$2,149$1,390$872$533$320$130
39 years$2,070$1,322$817$491$290$115
40 years$1,996$1,257$765$453$263$101
41 years$1,926$1,197$718$418$239$89
42 years$1,859$1,140$673$386$217$79
43 years$1,795$1,086$632$356$197$69
44 years$1,735$1,035$593$329$178$61
45 years$1,677$987$557$304$162$54
46 years$1,622$942$523$281$147$47
47 years$1,570$899$491$259$134$42
48 years$1,519$858$462$240$121$37
49 years$1,471$819$434$221$110$32
50 years$1,425$783$408$205$100$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,460,000, adding $5,502 every year, while hoping to spend $29,711 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: 54/29/17 Blend
45$1,460,000$1,460,000$1,460,000$1,460,000
46$1,614,595$1,537,215$1,514,585$1,694,129
47$1,747,672$1,580,927$1,533,712$1,792,774
48$1,893,326$1,625,784$1,552,483$1,896,469
49$2,052,810$1,671,812$1,570,856$2,008,682
50$2,227,502$1,719,036$1,588,785$2,130,233
51$2,418,920$1,767,481$1,606,222$2,262,025
52$2,628,735$1,817,173$1,623,115$2,405,051
53$2,858,788$1,868,137$1,639,412$2,560,405
54$3,111,107$1,920,398$1,655,055$2,729,292
55$3,387,926$1,973,983$1,669,985$2,913,038
56$3,691,703$2,028,918$1,684,139$3,113,104
57$4,025,150$2,085,228$1,697,450$3,331,099
58$4,391,251$2,142,939$1,709,850$3,568,795
59$4,793,293$2,202,078$1,721,264$3,828,143
60$5,234,898$2,262,669$1,731,616$4,111,294
61$5,720,057$2,324,739$1,740,825$4,420,614
62$6,253,165$2,388,314$1,748,805$4,758,713
63$6,839,065$2,453,418$1,755,466$5,128,465
64$7,483,090$2,520,076$1,760,715$5,533,035
65$8,191,119$2,588,314$1,764,453$5,975,910
66$8,969,627$2,658,155$1,766,576$6,460,935
67$9,825,747$2,729,623$1,766,975$6,992,341
68$10,767,341$2,802,741$1,765,535$7,574,793
69$11,803,066$2,877,533$1,762,138$8,213,432
70$12,942,466$2,954,019$1,756,656$8,913,918
71$14,196,052$3,032,220$1,748,959$9,682,492
72$15,575,408$3,112,158$1,738,908$10,526,028
73$17,093,296$3,193,850$1,726,357$11,452,101
74$18,763,778$3,277,314$1,711,156$12,469,059
75$20,602,349$3,362,568$1,693,146$13,586,099
76$22,626,081$3,449,626$1,672,158$14,813,356
77$24,853,786$3,538,503$1,648,020$16,161,998
78$27,306,192$3,629,209$1,620,549$17,644,332
79$30,006,139$3,721,756$1,589,552$19,273,920
80$32,978,794$3,816,150$1,554,831$21,065,704
81$36,251,888$3,912,399$1,516,176$23,036,154
82$39,855,980$4,010,506$1,473,367$25,203,415
83$43,824,741$4,110,472$1,426,176$27,587,485
84$48,195,275$4,212,295$1,374,362$30,210,403
85$53,008,465$4,315,970$1,317,676$33,096,451
86$58,309,365$4,421,489$1,255,855$36,272,391
87$64,147,619$4,528,841$1,188,624$39,767,715
88$70,577,932$4,638,010$1,115,699$43,614,922
89$77,660,585$4,748,977$1,036,779$47,849,825
90$85,462,006$4,861,717$951,553$52,511,892
91$94,055,393$4,976,204$859,692$57,644,616
92$103,521,408$5,092,403$760,856$63,295,929
93$113,948,936$5,210,274$654,689$69,518,648
94$125,435,924$5,329,775$540,818$76,370,983
95$138,090,307$5,450,853$418,854$83,917,079
96$152,031,025$5,573,451$288,393$92,227,626
97$167,389,145$5,697,505$149,009$101,380,527
98$184,309,098$5,822,943$261$111,461,629
99$202,950,043$5,949,685$0$122,565,542
100$223,487,369$6,077,641$0$134,825,269