Can I retire at age 46 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$121,391$120,310$119,255$118,225$117,220$116,432
2 years$60,095$58,975$57,891$56,839$55,819$55,025
3 years$39,665$38,541$37,459$36,417$35,414$34,637
4 years$29,452$28,332$27,261$26,237$25,257$24,505
5 years$23,326$22,212$21,155$20,152$19,200$18,474
6 years$19,244$18,138$17,097$16,116$15,193$14,493
7 years$16,329$15,232$14,207$13,250$12,356$11,683
8 years$14,143$13,057$12,049$11,115$10,250$9,605
9 years$12,444$11,368$10,378$9,467$8,632$8,015
10 years$11,086$10,021$9,048$8,161$7,355$6,764
11 years$9,976$8,921$7,965$7,103$6,326$5,761
12 years$9,051$8,007$7,069$6,230$5,482$4,943
13 years$8,269$7,236$6,316$5,500$4,780$4,267
14 years$7,599$6,577$5,675$4,882$4,190$3,702
15 years$7,020$6,008$5,124$4,354$3,689$3,225
16 years$6,513$5,513$4,645$3,899$3,261$2,820
17 years$6,066$5,077$4,227$3,503$2,891$2,473
18 years$5,669$4,691$3,859$3,157$2,571$2,175
19 years$5,315$4,348$3,532$2,852$2,291$1,917
20 years$4,996$4,040$3,242$2,583$2,047$1,692
21 years$4,708$3,763$2,982$2,345$1,831$1,497
22 years$4,447$3,513$2,748$2,132$1,642$1,326
23 years$4,208$3,286$2,538$1,942$1,474$1,176
24 years$3,990$3,078$2,347$1,771$1,325$1,045
25 years$3,790$2,889$2,174$1,617$1,192$929
26 years$3,605$2,715$2,016$1,479$1,074$826
27 years$3,435$2,555$1,872$1,353$968$736
28 years$3,276$2,408$1,740$1,240$873$655
29 years$3,129$2,271$1,619$1,137$789$584
30 years$2,992$2,145$1,508$1,044$713$521
31 years$2,864$2,028$1,406$958$644$465
32 years$2,745$1,919$1,312$881$583$415
33 years$2,633$1,817$1,225$810$527$371
34 years$2,527$1,722$1,145$745$478$331
35 years$2,428$1,633$1,070$686$433$296
36 years$2,335$1,550$1,001$632$392$265
37 years$2,247$1,473$937$582$355$237
38 years$2,163$1,399$877$537$322$212
39 years$2,084$1,331$822$495$292$190
40 years$2,010$1,266$771$456$265$170
41 years$1,939$1,205$723$421$240$152
42 years$1,872$1,148$678$389$218$136
43 years$1,808$1,094$636$359$198$122
44 years$1,747$1,042$597$331$180$109
45 years$1,689$994$561$306$163$97
46 years$1,633$948$526$283$148$87
47 years$1,580$905$495$261$134$78
48 years$1,530$864$465$241$122$70
49 years$1,481$825$437$223$111$63
50 years$1,435$788$411$206$101$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,470,000, adding $4,338 every year, while hoping to spend $20,187 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: 36/44/20 Blend
45$1,470,000$1,470,000$1,470,000$1,470,000
46$1,624,415$1,546,505$1,523,720$1,672,905
47$1,768,626$1,600,805$1,553,285$1,762,977
48$1,926,871$1,657,089$1,583,165$1,857,954
49$2,100,558$1,715,433$1,613,348$1,960,073
50$2,291,242$1,775,916$1,643,822$2,069,983
51$2,500,633$1,838,620$1,674,574$2,188,399
52$2,730,616$1,903,631$1,705,591$2,316,105
53$2,983,267$1,971,037$1,736,856$2,453,963
54$3,260,873$2,040,931$1,768,354$2,602,919
55$3,565,955$2,113,409$1,800,067$2,764,013
56$3,901,288$2,188,572$1,831,975$2,938,390
57$4,269,930$2,266,523$1,864,057$3,127,307
58$4,675,252$2,347,371$1,896,291$3,332,145
59$5,120,965$2,431,229$1,928,654$3,554,425
60$5,611,158$2,518,214$1,961,119$3,795,818
61$6,150,339$2,608,450$1,993,659$4,058,162
62$6,743,472$2,702,062$2,026,245$4,343,481
63$7,396,027$2,799,184$2,058,845$4,653,999
64$8,114,031$2,899,953$2,091,426$4,992,163
65$8,904,125$3,004,514$2,123,952$5,360,668
66$9,773,627$3,113,016$2,156,385$5,762,478
67$10,730,598$3,225,615$2,188,685$6,200,854
68$11,783,922$3,342,474$2,220,810$6,679,388
69$12,943,388$3,463,760$2,252,712$7,202,031
70$14,219,780$3,589,651$2,284,345$7,773,133
71$15,624,984$3,720,331$2,315,656$8,397,484
72$17,172,094$3,855,989$2,346,593$9,080,355
73$18,875,541$3,996,825$2,377,096$9,827,551
74$20,751,223$4,143,047$2,407,107$10,645,463
75$22,816,662$4,294,870$2,436,559$11,541,129
76$25,091,164$4,452,521$2,465,386$12,522,298
77$27,596,001$4,616,233$2,493,515$13,597,503
78$30,354,617$4,786,252$2,520,871$14,776,140
79$33,392,841$4,962,832$2,547,374$16,068,560
80$36,739,140$5,146,239$2,572,939$17,486,160
81$40,424,877$5,336,750$2,597,478$19,041,493
82$44,484,618$5,534,655$2,620,897$20,748,385
83$48,956,450$5,740,253$2,643,097$22,622,065
84$53,882,341$5,953,859$2,663,975$24,679,306
85$59,308,542$6,175,800$2,683,420$26,938,586
86$65,286,017$6,406,418$2,701,319$29,420,256
87$71,870,927$6,646,069$2,717,549$32,146,737
88$79,125,158$6,895,122$2,731,983$35,142,724
89$87,116,907$7,153,967$2,744,488$38,435,425
90$95,921,326$7,423,006$2,754,923$42,054,810
91$105,621,229$7,702,660$2,763,140$46,033,898
92$116,307,873$7,993,369$2,768,984$50,409,063
93$128,081,823$8,295,591$2,772,291$55,220,379
94$141,053,898$8,609,804$2,772,892$60,511,996
95$155,346,218$8,936,507$2,770,607$66,332,555
96$171,093,357$9,276,221$2,765,247$72,735,645
97$188,443,612$9,629,488$2,756,615$79,780,309
98$207,560,402$9,996,875$2,744,504$87,531,597
99$228,623,815$10,378,973$2,728,696$96,061,182
100$251,832,302$10,776,401$2,708,965$105,448,031