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

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$122,217$121,128$120,066$119,030$118,017$117,028
2 years$60,503$59,377$58,285$57,226$56,199$55,202
3 years$39,935$38,803$37,714$36,665$35,655$34,681
4 years$29,653$28,525$27,446$26,415$25,429$24,486
5 years$23,485$22,364$21,299$20,289$19,331$18,421
6 years$19,375$18,262$17,213$16,226$15,296$14,421
7 years$16,440$15,336$14,304$13,340$12,440$11,600
8 years$14,239$13,146$12,131$11,191$10,320$9,515
9 years$12,529$11,446$10,448$9,532$8,691$7,920
10 years$11,162$10,089$9,109$8,217$7,405$6,669
11 years$10,044$8,982$8,020$7,151$6,369$5,666
12 years$9,112$8,061$7,117$6,272$5,519$4,849
13 years$8,325$7,285$6,359$5,537$4,813$4,175
14 years$7,651$6,622$5,713$4,916$4,219$3,613
15 years$7,067$6,049$5,158$4,384$3,714$3,139
16 years$6,557$5,550$4,677$3,925$3,283$2,737
17 years$6,107$5,111$4,256$3,527$2,911$2,394
18 years$5,708$4,723$3,885$3,178$2,588$2,099
19 years$5,351$4,377$3,556$2,872$2,307$1,845
20 years$5,030$4,068$3,264$2,601$2,061$1,624
21 years$4,740$3,789$3,002$2,361$1,844$1,432
22 years$4,477$3,537$2,767$2,146$1,653$1,265
23 years$4,237$3,308$2,555$1,955$1,484$1,119
24 years$4,017$3,099$2,363$1,783$1,334$990
25 years$3,816$2,909$2,188$1,628$1,200$878
26 years$3,630$2,734$2,030$1,489$1,081$778
27 years$3,458$2,573$1,885$1,363$975$691
28 years$3,299$2,424$1,752$1,248$879$614
29 years$3,151$2,287$1,630$1,145$794$545
30 years$3,013$2,160$1,519$1,051$717$485
31 years$2,884$2,042$1,416$965$649$431
32 years$2,763$1,932$1,321$887$587$384
33 years$2,650$1,829$1,233$816$531$342
34 years$2,544$1,734$1,152$750$481$304
35 years$2,445$1,645$1,077$691$435$271
36 years$2,351$1,561$1,008$636$395$242
37 years$2,262$1,483$943$586$358$215
38 years$2,178$1,409$883$540$324$192
39 years$2,099$1,340$828$498$294$171
40 years$2,023$1,275$776$459$267$153
41 years$1,952$1,213$727$424$242$136
42 years$1,884$1,156$682$391$220$121
43 years$1,820$1,101$640$361$199$108
44 years$1,758$1,050$601$333$181$97
45 years$1,700$1,001$564$308$164$86
46 years$1,644$955$530$284$149$77
47 years$1,591$911$498$263$135$69
48 years$1,540$870$468$243$123$61
49 years$1,492$831$440$224$112$55
50 years$1,445$793$414$207$101$49

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 $2,067 every year, while hoping to spend $47,894 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: 52/35/13 Blend
45$1,480,000$1,480,000$1,480,000$1,480,000
46$1,633,092$1,554,652$1,531,712$1,712,252
47$1,748,709$1,579,871$1,532,066$1,791,769
48$1,874,513$1,604,721$1,530,826$1,872,937
49$2,011,493$1,629,132$1,527,889$1,960,123
50$2,160,738$1,653,032$1,523,145$2,053,911
51$2,323,444$1,676,341$1,516,481$2,154,942
52$2,500,928$1,698,975$1,507,776$2,263,924
53$2,694,642$1,720,844$1,496,906$2,381,638
54$2,906,181$1,741,851$1,483,738$2,508,946
55$3,137,302$1,761,892$1,468,134$2,646,798
56$3,389,941$1,780,859$1,449,950$2,796,244
57$3,666,226$1,798,632$1,429,035$2,958,440
58$3,968,504$1,815,088$1,405,230$3,134,664
59$4,299,357$1,830,092$1,378,370$3,326,324
60$4,661,627$1,843,503$1,348,282$3,534,974
61$5,058,446$1,855,168$1,314,783$3,762,329
62$5,493,264$1,864,927$1,277,684$4,010,280
63$5,969,876$1,872,608$1,236,786$4,280,914
64$6,492,467$1,878,029$1,191,881$4,576,533
65$7,065,642$1,880,996$1,142,753$4,899,676
66$7,694,475$1,881,303$1,089,173$5,253,146
67$8,384,557$1,878,732$1,030,905$5,640,033
68$9,142,041$1,873,049$967,700$6,063,747
69$9,973,710$1,864,009$899,299$6,528,047
70$10,887,034$1,851,351$825,431$7,037,082
71$11,890,240$1,834,797$745,812$7,595,429
72$12,992,395$1,814,052$660,147$8,208,134
73$14,203,484$1,788,805$568,127$8,880,763
74$15,534,509$1,758,726$469,428$9,619,458
75$16,997,590$1,723,465$363,715$10,430,989
76$18,606,080$1,682,650$250,636$11,322,825
77$20,374,690$1,635,890$129,822$12,303,204
78$22,319,628$1,582,768$890$13,381,208
79$24,458,752$1,522,845$0$14,566,857
80$26,811,735$1,455,656$0$15,890,159
81$29,400,256$1,380,707$0$17,345,701
82$32,248,199$1,297,477$0$18,946,852
83$35,381,878$1,205,417$0$20,708,492
84$38,830,291$1,103,943$0$22,647,021
85$42,625,384$992,440$0$24,780,520
86$46,802,361$870,257$0$27,128,923
87$51,400,008$736,707$0$29,714,205
88$56,461,066$591,062$0$32,560,588
89$62,032,627$432,556$0$35,694,777
90$68,166,581$260,378$0$39,146,210
91$74,920,108$73,672$0$42,947,338
92$82,356,211$0$0$47,133,931
93$90,544,316$0$0$51,794,902
94$99,560,922$0$0$56,958,923
95$109,490,327$0$0$62,645,925
96$120,425,417$0$0$68,909,132
97$132,468,550$0$0$75,807,196
98$145,732,514$0$0$83,404,747
99$160,341,596$0$0$91,773,002
100$176,432,751$0$0$100,990,440