Can I retire at age 46 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$122,217$121,128$120,066$119,030$118,017$114,377
2 years$60,503$59,377$58,285$57,226$56,199$52,563
3 years$39,935$38,803$37,714$36,665$35,655$32,138
4 years$29,653$28,525$27,446$26,415$25,429$22,058
5 years$23,485$22,364$21,299$20,289$19,331$16,114
6 years$19,375$18,262$17,213$16,226$15,296$12,236
7 years$16,440$15,336$14,304$13,340$12,440$9,537
8 years$14,239$13,146$12,131$11,191$10,320$7,573
9 years$12,529$11,446$10,448$9,532$8,691$6,096
10 years$11,162$10,089$9,109$8,217$7,405$4,959
11 years$10,044$8,982$8,020$7,151$6,369$4,067
12 years$9,112$8,061$7,117$6,272$5,519$3,357
13 years$8,325$7,285$6,359$5,537$4,813$2,785
14 years$7,651$6,622$5,713$4,916$4,219$2,320
15 years$7,067$6,049$5,158$4,384$3,714$1,939
16 years$6,557$5,550$4,677$3,925$3,283$1,626
17 years$6,107$5,111$4,256$3,527$2,911$1,366
18 years$5,708$4,723$3,885$3,178$2,588$1,150
19 years$5,351$4,377$3,556$2,872$2,307$969
20 years$5,030$4,068$3,264$2,601$2,061$818
21 years$4,740$3,789$3,002$2,361$1,844$692
22 years$4,477$3,537$2,767$2,146$1,653$585
23 years$4,237$3,308$2,555$1,955$1,484$495
24 years$4,017$3,099$2,363$1,783$1,334$420
25 years$3,816$2,909$2,188$1,628$1,200$356
26 years$3,630$2,734$2,030$1,489$1,081$302
27 years$3,458$2,573$1,885$1,363$975$256
28 years$3,299$2,424$1,752$1,248$879$217
29 years$3,151$2,287$1,630$1,145$794$185
30 years$3,013$2,160$1,519$1,051$717$157
31 years$2,884$2,042$1,416$965$649$133
32 years$2,763$1,932$1,321$887$587$113
33 years$2,650$1,829$1,233$816$531$96
34 years$2,544$1,734$1,152$750$481$82
35 years$2,445$1,645$1,077$691$435$69
36 years$2,351$1,561$1,008$636$395$59
37 years$2,262$1,483$943$586$358$50
38 years$2,178$1,409$883$540$324$43
39 years$2,099$1,340$828$498$294$36
40 years$2,023$1,275$776$459$267$31
41 years$1,952$1,213$727$424$242$26
42 years$1,884$1,156$682$391$220$22
43 years$1,820$1,101$640$361$199$19
44 years$1,758$1,050$601$333$181$16
45 years$1,700$1,001$564$308$164$14
46 years$1,644$955$530$284$149$12
47 years$1,591$911$498$263$135$10
48 years$1,540$870$468$243$123$8
49 years$1,492$831$440$224$112$7
50 years$1,445$793$414$207$101$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,480,000, adding $6,480 every year, while hoping to spend $29,031 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: 72/21/7 Blend
45$1,480,000$1,480,000$1,480,000$1,480,000
46$1,637,644$1,559,204$1,536,264$1,753,415
47$1,773,795$1,604,716$1,556,840$1,876,191
48$1,922,860$1,651,486$1,577,133$2,006,320
49$2,086,127$1,699,543$1,597,101$2,147,980
50$2,265,011$1,748,920$1,616,703$2,302,298
51$2,461,074$1,799,649$1,635,894$2,470,518
52$2,676,033$1,851,761$1,654,627$2,654,005
53$2,911,782$1,905,291$1,672,851$2,854,266
54$3,170,406$1,960,272$1,690,513$3,072,959
55$3,454,200$2,016,739$1,707,558$3,311,909
56$3,765,694$2,074,725$1,723,927$3,573,126
57$4,107,675$2,134,266$1,739,558$3,858,825
58$4,483,210$2,195,398$1,754,386$4,171,443
59$4,895,682$2,258,156$1,768,342$4,513,667
60$5,348,814$2,322,578$1,781,354$4,888,455
61$5,846,709$2,388,701$1,793,346$5,299,064
62$6,393,888$2,456,562$1,804,237$5,749,084
63$6,995,329$2,526,198$1,813,944$6,242,467
64$7,656,520$2,597,649$1,822,378$6,783,570
65$8,383,503$2,670,952$1,829,446$7,377,188
66$9,182,938$2,746,146$1,835,050$8,028,609
67$10,062,162$2,823,271$1,839,088$8,743,653
68$11,029,257$2,902,366$1,841,452$9,528,735
69$12,093,130$2,983,471$1,842,029$10,390,923
70$13,263,592$3,066,624$1,840,701$11,338,003
71$14,551,456$3,151,866$1,837,342$12,378,551
72$15,968,634$3,239,237$1,831,822$13,522,021
73$17,528,252$3,328,777$1,824,005$14,778,825
74$19,244,771$3,420,524$1,813,747$16,160,437
75$21,134,128$3,514,520$1,800,897$17,679,498
76$23,213,879$3,610,802$1,785,298$19,349,937
77$25,503,374$3,709,411$1,766,785$21,187,103
78$28,023,931$3,810,384$1,745,184$23,207,906
79$30,799,039$3,913,760$1,720,315$25,430,980
80$33,854,583$4,019,576$1,691,988$27,876,858
81$37,219,085$4,127,870$1,660,004$30,568,164
82$40,923,973$4,238,677$1,624,156$33,529,827
83$45,003,879$4,352,033$1,584,226$36,789,318
84$49,496,964$4,467,972$1,539,986$40,376,907
85$54,445,278$4,586,526$1,491,199$44,325,948
86$59,895,158$4,707,728$1,437,616$48,673,196
87$65,897,664$4,831,607$1,378,977$53,459,152
88$72,509,062$4,958,191$1,315,009$58,728,447
89$79,791,353$5,087,509$1,245,428$64,530,260
90$87,812,857$5,219,583$1,169,936$70,918,783
91$96,648,863$5,354,437$1,088,223$77,953,737
92$106,382,333$5,492,090$999,964$85,700,928
93$117,104,688$5,632,560$904,821$94,232,872
94$128,916,671$5,775,861$802,437$103,629,482
95$141,929,297$5,922,003$692,444$113,978,816
96$156,264,898$6,070,995$574,454$125,377,912
97$172,058,284$6,222,840$448,065$137,933,705
98$189,458,008$6,377,538$312,854$151,764,033
99$208,627,772$6,535,084$168,381$166,998,752
100$229,747,970$6,695,469$14,188$183,780,958