Can I retire at age 46 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$69,366$68,749$68,146$67,557$66,983$64,376
2 years$34,340$33,700$33,080$32,479$31,897$29,302
3 years$22,666$22,023$21,405$20,810$20,236$17,735
4 years$16,830$16,190$15,578$14,992$14,433$12,044
5 years$13,329$12,693$12,089$11,516$10,972$8,702
6 years$10,996$10,365$9,770$9,209$8,681$6,532
7 years$9,331$8,704$8,119$7,571$7,060$5,031
8 years$8,082$7,461$6,885$6,351$5,857$3,945
9 years$7,111$6,496$5,930$5,410$4,933$3,135
10 years$6,335$5,726$5,170$4,663$4,203$2,517
11 years$5,700$5,098$4,552$4,059$3,615$2,036
12 years$5,172$4,575$4,039$3,560$3,132$1,657
13 years$4,725$4,135$3,609$3,143$2,731$1,355
14 years$4,342$3,758$3,243$2,790$2,394$1,113
15 years$4,011$3,433$2,928$2,488$2,108$916
16 years$3,722$3,150$2,654$2,228$1,863$757
17 years$3,466$2,901$2,415$2,002$1,652$626
18 years$3,240$2,681$2,205$1,804$1,469$519
19 years$3,037$2,484$2,019$1,630$1,309$430
20 years$2,855$2,309$1,853$1,476$1,169$358
21 years$2,690$2,150$1,704$1,340$1,047$297
22 years$2,541$2,007$1,570$1,218$938$247
23 years$2,405$1,877$1,450$1,109$842$206
24 years$2,280$1,759$1,341$1,012$757$172
25 years$2,166$1,651$1,242$924$681$143
26 years$2,060$1,551$1,152$845$613$119
27 years$1,963$1,460$1,070$773$553$100
28 years$1,872$1,376$994$709$499$83
29 years$1,788$1,298$925$650$451$69
30 years$1,710$1,226$862$596$407$58
31 years$1,637$1,159$804$548$368$48
32 years$1,568$1,096$750$503$333$40
33 years$1,504$1,038$700$463$301$34
34 years$1,444$984$654$426$273$28
35 years$1,387$933$612$392$247$23
36 years$1,334$886$572$361$224$20
37 years$1,284$841$535$333$203$16
38 years$1,236$800$501$307$184$14
39 years$1,191$760$470$283$167$11
40 years$1,148$723$440$261$151$10
41 years$1,108$689$413$241$137$8
42 years$1,069$656$387$222$125$7
43 years$1,033$625$363$205$113$6
44 years$998$596$341$189$103$5
45 years$965$568$320$175$93$4
46 years$933$542$301$161$85$3
47 years$903$517$283$149$77$3
48 years$874$494$266$138$70$2
49 years$847$471$250$127$63$2
50 years$820$450$235$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $840,000, adding $5,735 every year, while hoping to spend $47,587 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: 55/23/22 Blend
45$840,000$840,000$840,000$840,000
46$931,596$887,076$874,056$976,957
47$975,986$879,910$852,704$1,001,505
48$1,023,310$870,799$829,043$1,022,729
49$1,073,815$859,596$802,943$1,044,826
50$1,127,775$846,146$774,273$1,067,894
51$1,185,488$830,288$742,891$1,092,043
52$1,247,283$811,847$708,653$1,117,398
53$1,313,518$790,640$671,405$1,144,096
54$1,384,588$766,472$630,988$1,172,295
55$1,460,926$739,139$587,236$1,202,169
56$1,543,005$708,422$539,974$1,233,913
57$1,631,349$674,092$489,020$1,267,748
58$1,726,529$635,905$434,185$1,303,917
59$1,829,174$593,603$375,269$1,342,696
60$1,939,974$546,914$312,065$1,384,390
61$2,059,690$495,551$244,357$1,429,341
62$2,189,154$439,209$171,919$1,477,929
63$2,329,284$377,566$94,514$1,530,580
64$2,481,087$310,284$11,897$1,587,766
65$2,645,672$237,002$0$1,650,014
66$2,824,258$157,342$0$1,735,814
67$3,018,184$70,904$0$1,832,059
68$3,228,925$0$0$1,936,744
69$3,458,103$0$0$2,056,498
70$3,707,501$0$0$2,206,415
71$3,979,083$0$0$2,369,739
72$4,275,009$0$0$2,547,777
73$4,597,656$0$0$2,741,970
74$4,949,642$0$0$2,953,901
75$5,333,844$0$0$3,185,315
76$5,753,435$0$0$3,438,132
77$6,211,904$0$0$3,714,465
78$6,713,092$0$0$4,016,643
79$7,261,230$0$0$4,347,226
80$7,860,975$0$0$4,709,037
81$8,517,456$0$0$5,105,181
82$9,236,320$0$0$5,539,082
83$10,023,786$0$0$6,014,504
84$10,886,702$0$0$6,535,599
85$11,832,611$0$0$7,106,935
86$12,869,819$0$0$7,733,546
87$14,007,477$0$0$8,420,974
88$15,255,662$0$0$9,175,327
89$16,625,473$0$0$10,003,329
90$18,129,137$0$0$10,912,389
91$19,780,123$0$0$11,910,667
92$21,593,267$0$0$13,007,155
93$23,584,912$0$0$14,211,754
94$25,773,062$0$0$15,535,375
95$28,177,552$0$0$16,990,038
96$30,820,233$0$0$18,588,983
97$33,725,177$0$0$20,346,798
98$36,918,905$0$0$22,279,555
99$40,430,638$0$0$24,404,960
100$44,292,566$0$0$26,742,524