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%15.1%
1 years$123,043$121,947$120,878$119,834$118,815$116,321
2 years$60,912$59,778$58,678$57,612$56,578$54,077
3 years$40,205$39,065$37,969$36,913$35,896$33,466
4 years$29,853$28,717$27,632$26,594$25,601$23,261
5 years$23,644$22,515$21,443$20,426$19,462$17,218
6 years$19,505$18,385$17,329$16,335$15,399$13,255
7 years$16,551$15,440$14,401$13,430$12,524$10,478
8 years$14,336$13,235$12,213$11,266$10,390$8,443
9 years$12,614$11,523$10,519$9,596$8,750$6,900
10 years$11,237$10,157$9,171$8,272$7,455$5,701
11 years$10,111$9,042$8,074$7,199$6,412$4,751
12 years$9,174$8,116$7,165$6,315$5,556$3,986
13 years$8,381$7,334$6,402$5,575$4,845$3,363
14 years$7,703$6,667$5,752$4,949$4,247$2,850
15 years$7,115$6,090$5,193$4,413$3,740$2,425
16 years$6,601$5,588$4,708$3,952$3,305$2,069
17 years$6,148$5,146$4,284$3,551$2,930$1,770
18 years$5,746$4,755$3,911$3,200$2,606$1,518
19 years$5,387$4,407$3,580$2,891$2,322$1,304
20 years$5,064$4,095$3,286$2,619$2,074$1,122
21 years$4,772$3,815$3,022$2,377$1,856$967
22 years$4,507$3,561$2,786$2,161$1,664$834
23 years$4,266$3,330$2,572$1,968$1,494$720
24 years$4,045$3,120$2,379$1,795$1,343$622
25 years$3,841$2,928$2,203$1,639$1,208$538
26 years$3,654$2,752$2,043$1,499$1,088$466
27 years$3,481$2,590$1,897$1,372$981$403
28 years$3,321$2,441$1,764$1,257$885$349
29 years$3,172$2,302$1,641$1,153$799$303
30 years$3,033$2,174$1,529$1,058$722$262
31 years$2,903$2,055$1,425$972$653$227
32 years$2,782$1,945$1,330$893$591$197
33 years$2,668$1,842$1,242$821$535$171
34 years$2,562$1,746$1,160$755$484$149
35 years$2,461$1,656$1,085$695$438$129
36 years$2,366$1,572$1,015$640$397$112
37 years$2,277$1,493$950$590$360$97
38 years$2,193$1,418$889$544$326$84
39 years$2,113$1,349$833$502$296$73
40 years$2,037$1,283$781$463$268$64
41 years$1,965$1,222$732$427$244$55
42 years$1,897$1,163$687$394$221$48
43 years$1,832$1,108$645$364$201$42
44 years$1,770$1,057$605$336$182$36
45 years$1,711$1,008$568$310$165$31
46 years$1,655$961$534$286$150$27
47 years$1,602$917$501$265$136$24
48 years$1,551$876$471$244$124$21
49 years$1,502$836$443$226$112$18
50 years$1,455$799$416$209$102$16

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 $3,313 every year, while hoping to spend $40,952 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: 63/15/22 Blend
45$1,490,000$1,490,000$1,490,000$1,490,000
46$1,645,397$1,566,427$1,543,332$1,739,448
47$1,769,655$1,599,610$1,551,461$1,836,497
48$1,905,215$1,633,045$1,558,490$1,937,578
49$2,053,186$1,666,704$1,564,339$2,047,046
50$2,214,790$1,700,551$1,568,923$2,165,724
51$2,391,371$1,734,550$1,572,154$2,294,521
52$2,584,409$1,768,662$1,573,940$2,434,436
53$2,795,534$1,802,842$1,574,182$2,586,572
54$3,026,541$1,837,044$1,572,780$2,752,144
55$3,279,406$1,871,216$1,569,625$2,932,492
56$3,556,303$1,905,304$1,564,606$3,129,092
57$3,859,630$1,939,247$1,557,604$3,343,572
58$4,192,024$1,972,982$1,548,496$3,577,725
59$4,556,392$2,006,440$1,537,152$3,833,529
60$4,955,934$2,039,546$1,523,436$4,113,163
61$5,394,175$2,072,219$1,507,207$4,419,030
62$5,874,998$2,104,375$1,488,316$4,753,778
63$6,402,680$2,135,921$1,466,606$5,120,326
64$6,981,930$2,166,759$1,441,915$5,521,893
65$7,617,939$2,196,782$1,414,071$5,962,025
66$8,316,422$2,225,877$1,382,895$6,444,633
67$9,083,676$2,253,924$1,348,201$6,974,027
68$9,926,637$2,280,793$1,309,792$7,554,958
69$10,852,949$2,306,346$1,267,465$8,192,664
70$11,871,028$2,330,435$1,221,003$8,892,917
71$12,990,151$2,352,904$1,170,185$9,662,081
72$14,220,534$2,373,585$1,114,774$10,507,170
73$15,573,437$2,392,299$1,054,527$11,435,918
74$17,061,262$2,408,856$989,188$12,456,847
75$18,697,673$2,423,052$918,489$13,579,352
76$20,497,728$2,434,674$842,150$14,813,788
77$22,478,015$2,443,491$759,881$16,171,570
78$24,656,810$2,449,261$671,375$17,665,279
79$27,054,253$2,451,723$576,314$19,308,785
80$29,692,532$2,450,602$474,366$21,117,373
81$32,596,096$2,445,608$365,183$23,107,892
82$35,791,884$2,436,429$248,403$25,298,914
83$39,309,579$2,422,736$123,646$27,710,909
84$43,181,886$2,404,180$0$30,366,439
85$47,444,844$2,380,391$0$33,292,601
86$52,138,164$2,350,976$0$36,545,695
87$57,305,602$2,315,519$0$40,126,979
88$62,995,373$2,273,579$0$44,069,856
89$69,260,606$2,224,689$0$48,411,137
90$76,159,843$2,168,354$0$53,191,387
91$83,757,594$2,104,050$0$58,455,311
92$92,124,942$2,031,223$0$64,252,170
93$101,340,219$1,949,286$0$70,636,253
94$111,489,738$1,857,617$0$77,667,386
95$122,668,612$1,755,561$0$85,411,497
96$134,981,648$1,642,421$0$93,941,241
97$148,544,341$1,517,465$0$103,336,683
98$163,483,957$1,379,914$0$113,686,057
99$179,940,739$1,228,948$0$125,086,597
100$198,069,228$1,063,700$0$137,645,458