Can I retire at age 46 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$123,043$121,947$120,878$119,834$118,815$114,326
2 years$60,912$59,778$58,678$57,612$56,578$52,109
3 years$40,205$39,065$37,969$36,913$35,896$31,585
4 years$29,853$28,717$27,632$26,594$25,601$21,482
5 years$23,644$22,515$21,443$20,426$19,462$15,546
6 years$19,505$18,385$17,329$16,335$15,399$11,689
7 years$16,551$15,440$14,401$13,430$12,524$9,017
8 years$14,336$13,235$12,213$11,266$10,390$7,084
9 years$12,614$11,523$10,519$9,596$8,750$5,640
10 years$11,237$10,157$9,171$8,272$7,455$4,537
11 years$10,111$9,042$8,074$7,199$6,412$3,677
12 years$9,174$8,116$7,165$6,315$5,556$2,999
13 years$8,381$7,334$6,402$5,575$4,845$2,458
14 years$7,703$6,667$5,752$4,949$4,247$2,022
15 years$7,115$6,090$5,193$4,413$3,740$1,669
16 years$6,601$5,588$4,708$3,952$3,305$1,381
17 years$6,148$5,146$4,284$3,551$2,930$1,145
18 years$5,746$4,755$3,911$3,200$2,606$951
19 years$5,387$4,407$3,580$2,891$2,322$791
20 years$5,064$4,095$3,286$2,619$2,074$659
21 years$4,772$3,815$3,022$2,377$1,856$549
22 years$4,507$3,561$2,786$2,161$1,664$458
23 years$4,266$3,330$2,572$1,968$1,494$382
24 years$4,045$3,120$2,379$1,795$1,343$319
25 years$3,841$2,928$2,203$1,639$1,208$267
26 years$3,654$2,752$2,043$1,499$1,088$223
27 years$3,481$2,590$1,897$1,372$981$186
28 years$3,321$2,441$1,764$1,257$885$156
29 years$3,172$2,302$1,641$1,153$799$130
30 years$3,033$2,174$1,529$1,058$722$109
31 years$2,903$2,055$1,425$972$653$91
32 years$2,782$1,945$1,330$893$591$76
33 years$2,668$1,842$1,242$821$535$64
34 years$2,562$1,746$1,160$755$484$54
35 years$2,461$1,656$1,085$695$438$45
36 years$2,366$1,572$1,015$640$397$38
37 years$2,277$1,493$950$590$360$31
38 years$2,193$1,418$889$544$326$26
39 years$2,113$1,349$833$502$296$22
40 years$2,037$1,283$781$463$268$18
41 years$1,965$1,222$732$427$244$15
42 years$1,897$1,163$687$394$221$13
43 years$1,832$1,108$645$364$201$11
44 years$1,770$1,057$605$336$182$9
45 years$1,711$1,008$568$310$165$8
46 years$1,655$961$534$286$150$6
47 years$1,602$917$501$265$136$5
48 years$1,551$876$471$244$124$4
49 years$1,502$836$443$226$112$4
50 years$1,455$799$416$209$102$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,490,000, adding $6,276 every year, while hoping to spend $50,875 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: 54/21/25 Blend
45$1,490,000$1,490,000$1,490,000$1,490,000
46$1,648,454$1,569,484$1,546,389$1,725,774
47$1,762,465$1,592,258$1,544,062$1,802,505
48$1,886,401$1,614,443$1,539,952$1,880,208
49$2,021,219$1,635,956$1,533,946$1,963,753
50$2,167,975$1,656,709$1,525,925$2,053,717
51$2,327,828$1,676,607$1,515,763$2,150,738
52$2,502,056$1,695,551$1,503,331$2,255,521
53$2,692,065$1,713,431$1,488,491$2,368,843
54$2,899,400$1,730,134$1,471,100$2,491,561
55$3,125,764$1,745,536$1,451,007$2,624,624
56$3,373,033$1,759,508$1,428,057$2,769,078
57$3,643,269$1,771,911$1,402,083$2,926,078
58$3,938,744$1,782,596$1,372,915$3,096,898
59$4,261,959$1,791,406$1,340,370$3,282,945
60$4,615,668$1,798,174$1,304,262$3,485,775
61$5,002,904$1,802,722$1,264,392$3,707,099
62$5,427,005$1,804,861$1,220,555$3,948,812
63$5,891,649$1,804,389$1,172,533$4,213,002
64$6,400,887$1,801,094$1,120,102$4,501,972
65$6,959,178$1,794,748$1,063,026$4,818,268
66$7,571,435$1,785,111$1,001,058$5,164,696
67$8,243,068$1,771,928$933,940$5,544,352
68$8,980,037$1,754,929$861,404$5,960,655
69$9,788,907$1,733,826$783,166$6,417,375
70$10,676,907$1,708,316$698,935$6,918,673
71$11,652,004$1,678,076$608,402$7,469,137
72$12,722,972$1,642,765$511,246$8,073,832
73$13,899,476$1,602,021$407,134$8,738,344
74$15,192,165$1,555,462$295,715$9,468,834
75$16,612,768$1,502,682$176,624$10,272,100
76$18,174,209$1,443,253$49,480$11,155,639
77$19,890,726$1,376,720$0$12,127,723
78$21,778,004$1,302,603$0$13,220,466
79$23,853,325$1,220,395$0$14,436,515
80$26,135,729$1,129,559$0$15,773,868
81$28,646,193$1,029,527$0$17,244,883
82$31,407,829$919,698$0$18,863,180
83$34,446,104$799,440$0$20,643,773
84$37,789,075$668,081$0$22,603,209
85$41,467,658$524,914$0$24,759,730
86$45,515,915$369,190$0$27,133,440
87$49,971,379$200,121$0$29,746,497
88$54,875,404$16,872$0$32,623,328
89$60,273,559$0$0$35,790,854
90$66,216,053$0$0$39,320,674
91$72,758,210$0$0$43,211,162
92$79,960,994$0$0$47,494,692
93$87,891,577$0$0$52,211,235
94$96,623,979$0$0$57,404,837
95$106,239,760$0$0$63,124,030
96$116,828,795$0$0$69,422,294
97$128,490,118$0$0$76,358,558
98$141,332,857$0$0$83,997,760
99$155,477,263$0$0$92,411,455
100$171,055,844$0$0$101,678,494