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%16.5%
1 years$121,391$120,310$119,255$118,225$117,220$114,108
2 years$60,095$58,975$57,891$56,839$55,819$52,706
3 years$39,665$38,541$37,459$36,417$35,414$32,397
4 years$29,452$28,332$27,261$26,237$25,257$22,359
5 years$23,326$22,212$21,155$20,152$19,200$16,429
6 years$19,244$18,138$17,097$16,116$15,193$12,551
7 years$16,329$15,232$14,207$13,250$12,356$9,844
8 years$14,143$13,057$12,049$11,115$10,250$7,867
9 years$12,444$11,368$10,378$9,467$8,632$6,376
10 years$11,086$10,021$9,048$8,161$7,355$5,222
11 years$9,976$8,921$7,965$7,103$6,326$4,313
12 years$9,051$8,007$7,069$6,230$5,482$3,586
13 years$8,269$7,236$6,316$5,500$4,780$2,997
14 years$7,599$6,577$5,675$4,882$4,190$2,516
15 years$7,020$6,008$5,124$4,354$3,689$2,120
16 years$6,513$5,513$4,645$3,899$3,261$1,791
17 years$6,066$5,077$4,227$3,503$2,891$1,517
18 years$5,669$4,691$3,859$3,157$2,571$1,287
19 years$5,315$4,348$3,532$2,852$2,291$1,094
20 years$4,996$4,040$3,242$2,583$2,047$932
21 years$4,708$3,763$2,982$2,345$1,831$794
22 years$4,447$3,513$2,748$2,132$1,642$678
23 years$4,208$3,286$2,538$1,942$1,474$579
24 years$3,990$3,078$2,347$1,771$1,325$495
25 years$3,790$2,889$2,174$1,617$1,192$423
26 years$3,605$2,715$2,016$1,479$1,074$362
27 years$3,435$2,555$1,872$1,353$968$310
28 years$3,276$2,408$1,740$1,240$873$265
29 years$3,129$2,271$1,619$1,137$789$227
30 years$2,992$2,145$1,508$1,044$713$195
31 years$2,864$2,028$1,406$958$644$167
32 years$2,745$1,919$1,312$881$583$143
33 years$2,633$1,817$1,225$810$527$123
34 years$2,527$1,722$1,145$745$478$105
35 years$2,428$1,633$1,070$686$433$90
36 years$2,335$1,550$1,001$632$392$77
37 years$2,247$1,473$937$582$355$66
38 years$2,163$1,399$877$537$322$57
39 years$2,084$1,331$822$495$292$49
40 years$2,010$1,266$771$456$265$42
41 years$1,939$1,205$723$421$240$36
42 years$1,872$1,148$678$389$218$31
43 years$1,808$1,094$636$359$198$27
44 years$1,747$1,042$597$331$180$23
45 years$1,689$994$561$306$163$20
46 years$1,633$948$526$283$148$17
47 years$1,580$905$495$261$134$14
48 years$1,530$864$465$241$122$12
49 years$1,481$825$437$223$111$11
50 years$1,435$788$411$206$101$9

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 $3,040 every year, while hoping to spend $46,235 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: 36/50/14 Blend
45$1,470,000$1,470,000$1,470,000$1,470,000
46$1,623,076$1,545,166$1,522,381$1,674,413
47$1,739,436$1,571,685$1,524,187$1,738,195
48$1,866,115$1,597,954$1,524,504$1,802,377
49$2,004,117$1,623,913$1,523,233$1,870,662
50$2,154,546$1,649,494$1,520,271$1,943,438
51$2,318,619$1,674,628$1,515,509$2,021,134
52$2,497,673$1,699,239$1,508,833$2,104,227
53$2,693,180$1,723,247$1,500,124$2,193,240
54$2,906,763$1,746,565$1,489,256$2,288,753
55$3,140,206$1,769,099$1,476,100$2,391,408
56$3,395,475$1,790,752$1,460,516$2,501,911
57$3,674,732$1,811,418$1,442,362$2,621,045
58$3,980,360$1,830,983$1,421,487$2,749,675
59$4,314,983$1,849,327$1,397,733$2,888,754
60$4,681,489$1,866,322$1,370,935$3,039,339
61$5,083,059$1,881,830$1,340,919$3,202,594
62$5,523,198$1,895,707$1,307,507$3,379,807
63$6,005,763$1,907,795$1,270,507$3,572,400
64$6,535,004$1,917,931$1,229,723$3,781,943
65$7,115,603$1,925,938$1,184,947$4,010,173
66$7,752,715$1,931,629$1,135,963$4,259,004
67$8,452,018$1,934,805$1,082,544$4,530,552
68$9,219,769$1,935,256$1,024,455$4,827,156
69$10,062,859$1,932,757$961,447$5,151,395
70$10,988,878$1,927,070$893,263$5,506,119
71$12,006,189$1,917,941$819,633$5,894,473
72$13,124,003$1,905,103$740,273$6,319,932
73$14,352,470$1,888,272$654,891$6,786,328
74$15,702,769$1,867,144$563,177$7,297,897
75$17,187,219$1,841,402$464,811$7,859,309
76$18,819,390$1,810,705$359,457$8,475,724
77$20,614,234$1,774,696$246,765$9,152,832
78$22,588,222$1,732,992$126,368$9,896,918
79$24,759,504$1,685,192$0$10,714,915
80$27,148,077$1,630,870$0$11,614,791
81$29,775,971$1,569,573$0$12,624,840
82$32,667,463$1,500,825$0$13,735,544
83$35,849,299$1,424,120$0$14,957,248
84$39,350,949$1,338,923$0$16,301,364
85$43,204,885$1,244,670$0$17,780,478
86$47,446,888$1,140,763$0$19,408,469
87$52,116,381$1,026,571$0$21,200,647
88$57,256,804$901,425$0$23,173,895
89$62,916,023$764,621$0$25,346,831
90$69,146,783$615,412$0$27,739,989
91$76,007,199$453,012$0$30,376,011
92$83,561,313$276,588$0$33,279,867
93$91,879,689$85,264$0$36,479,091
94$101,040,086$0$0$40,004,044
95$111,128,187$0$0$43,955,267
96$122,238,408$0$0$48,358,771
97$134,474,788$0$0$53,208,915
98$147,951,973$0$0$58,551,176
99$162,796,294$0$0$64,435,669
100$179,146,963$0$0$70,917,616