Can I retire at age 46 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$67,715$67,112$66,523$65,949$65,388$63,911
2 years$33,522$32,898$32,293$31,706$31,137$29,657
3 years$22,126$21,499$20,896$20,314$19,755$18,318
4 years$16,429$15,804$15,207$14,635$14,089$12,706
5 years$13,012$12,391$11,801$11,241$10,710$9,386
6 years$10,735$10,118$9,537$8,990$8,475$7,209
7 years$9,108$8,497$7,925$7,391$6,892$5,687
8 years$7,889$7,283$6,721$6,200$5,718$4,571
9 years$6,942$6,342$5,789$5,281$4,815$3,727
10 years$6,184$5,590$5,047$4,552$4,103$3,072
11 years$5,565$4,976$4,443$3,962$3,529$2,553
12 years$5,049$4,466$3,943$3,475$3,058$2,137
13 years$4,613$4,036$3,523$3,068$2,666$1,798
14 years$4,239$3,669$3,165$2,723$2,337$1,520
15 years$3,916$3,352$2,858$2,429$2,058$1,289
16 years$3,633$3,075$2,591$2,175$1,819$1,097
17 years$3,384$2,832$2,358$1,954$1,613$936
18 years$3,162$2,617$2,152$1,761$1,434$800
19 years$2,965$2,425$1,970$1,591$1,278$685
20 years$2,787$2,254$1,808$1,441$1,142$588
21 years$2,626$2,099$1,663$1,308$1,022$505
22 years$2,480$1,960$1,533$1,189$916$434
23 years$2,348$1,833$1,416$1,083$822$374
24 years$2,226$1,717$1,309$988$739$322
25 years$2,114$1,611$1,212$902$665$278
26 years$2,011$1,515$1,125$825$599$239
27 years$1,916$1,425$1,044$755$540$207
28 years$1,828$1,343$971$692$487$178
29 years$1,746$1,267$903$634$440$154
30 years$1,669$1,197$841$582$398$133
31 years$1,598$1,131$784$535$359$115
32 years$1,531$1,070$732$491$325$99
33 years$1,468$1,014$683$452$294$86
34 years$1,410$961$639$416$266$74
35 years$1,354$911$597$383$241$64
36 years$1,302$865$558$352$219$56
37 years$1,253$821$523$325$198$48
38 years$1,207$781$489$299$180$42
39 years$1,163$742$459$276$163$36
40 years$1,121$706$430$255$148$31
41 years$1,082$672$403$235$134$27
42 years$1,044$640$378$217$122$23
43 years$1,008$610$355$200$110$20
44 years$974$581$333$185$100$18
45 years$942$555$313$171$91$15
46 years$911$529$294$158$83$13
47 years$882$505$276$146$75$11
48 years$853$482$259$135$68$10
49 years$826$460$244$124$62$9
50 years$801$440$229$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $820,000, adding $3,827 every year, while hoping to spend $43,099 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: 51/37/12 Blend
45$820,000$820,000$820,000$820,000
46$907,588$864,128$851,418$950,776
47$954,304$860,613$834,083$977,212
48$1,004,342$855,481$814,723$1,001,049
49$1,057,993$848,608$793,225$1,025,978
50$1,115,580$839,862$769,470$1,052,117
51$1,177,456$829,101$743,333$1,079,591
52$1,244,007$816,178$714,686$1,108,547
53$1,315,660$800,935$683,392$1,139,145
54$1,392,882$783,205$649,310$1,171,566
55$1,476,185$762,812$612,291$1,206,011
56$1,566,134$739,568$572,181$1,242,705
57$1,663,348$713,275$528,818$1,281,900
58$1,768,509$683,724$482,032$1,323,877
59$1,882,364$650,694$431,647$1,368,948
60$2,005,736$613,949$377,479$1,417,461
61$2,139,531$573,242$319,334$1,469,806
62$2,284,743$528,311$257,011$1,526,415
63$2,442,466$478,878$190,300$1,587,769
64$2,613,904$424,649$118,982$1,654,404
65$2,800,382$365,317$42,828$1,726,917
66$3,003,356$300,552$0$1,805,968
67$3,224,430$230,011$0$1,897,217
68$3,465,367$153,326$0$2,002,731
69$3,728,109$70,114$0$2,117,962
70$4,014,792$0$0$2,243,953
71$4,327,770$0$0$2,390,015
72$4,669,631$0$0$2,580,816
73$5,043,225$0$0$2,789,409
74$5,451,690$0$0$3,017,558
75$5,898,482$0$0$3,267,202
76$6,387,404$0$0$3,540,478
77$6,922,645$0$0$3,839,739
78$7,508,818$0$0$4,167,576
79$8,151,003$0$0$4,526,842
80$8,854,793$0$0$4,920,680
81$9,626,351$0$0$5,352,550
82$10,472,461$0$0$5,826,265
83$11,400,597$0$0$6,346,022
84$12,418,992$0$0$6,916,448
85$13,536,711$0$0$7,542,636
86$14,763,745$0$0$8,230,197
87$16,111,094$0$0$8,985,314
88$17,590,877$0$0$9,814,794
89$19,216,448$0$0$10,726,141
90$21,002,512$0$0$11,727,617
91$22,965,273$0$0$12,828,328
92$25,122,582$0$0$14,038,302
93$27,494,105$0$0$15,368,591
94$30,101,506$0$0$16,831,368
95$32,968,658$0$0$18,440,046
96$36,121,857$0$0$20,209,404
97$39,590,081$0$0$22,155,724
98$43,405,253$0$0$24,296,944
99$47,602,548$0$0$26,652,830
100$52,220,720$0$0$29,245,162