Can I retire at age 46 with 840,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$69,366$68,749$68,146$67,557$66,983$65,630
2 years$34,340$33,700$33,080$32,479$31,897$30,540
3 years$22,666$22,023$21,405$20,810$20,236$18,918
4 years$16,830$16,190$15,578$14,992$14,433$13,163
5 years$13,329$12,693$12,089$11,516$10,972$9,753
6 years$10,996$10,365$9,770$9,209$8,681$7,516
7 years$9,331$8,704$8,119$7,571$7,060$5,949
8 years$8,082$7,461$6,885$6,351$5,857$4,799
9 years$7,111$6,496$5,930$5,410$4,933$3,927
10 years$6,335$5,726$5,170$4,663$4,203$3,248
11 years$5,700$5,098$4,552$4,059$3,615$2,710
12 years$5,172$4,575$4,039$3,560$3,132$2,277
13 years$4,725$4,135$3,609$3,143$2,731$1,924
14 years$4,342$3,758$3,243$2,790$2,394$1,633
15 years$4,011$3,433$2,928$2,488$2,108$1,391
16 years$3,722$3,150$2,654$2,228$1,863$1,188
17 years$3,466$2,901$2,415$2,002$1,652$1,018
18 years$3,240$2,681$2,205$1,804$1,469$874
19 years$3,037$2,484$2,019$1,630$1,309$752
20 years$2,855$2,309$1,853$1,476$1,169$648
21 years$2,690$2,150$1,704$1,340$1,047$559
22 years$2,541$2,007$1,570$1,218$938$483
23 years$2,405$1,877$1,450$1,109$842$418
24 years$2,280$1,759$1,341$1,012$757$362
25 years$2,166$1,651$1,242$924$681$313
26 years$2,060$1,551$1,152$845$613$272
27 years$1,963$1,460$1,070$773$553$235
28 years$1,872$1,376$994$709$499$204
29 years$1,788$1,298$925$650$451$177
30 years$1,710$1,226$862$596$407$154
31 years$1,637$1,159$804$548$368$134
32 years$1,568$1,096$750$503$333$116
33 years$1,504$1,038$700$463$301$101
34 years$1,444$984$654$426$273$88
35 years$1,387$933$612$392$247$76
36 years$1,334$886$572$361$224$66
37 years$1,284$841$535$333$203$58
38 years$1,236$800$501$307$184$50
39 years$1,191$760$470$283$167$44
40 years$1,148$723$440$261$151$38
41 years$1,108$689$413$241$137$33
42 years$1,069$656$387$222$125$29
43 years$1,033$625$363$205$113$25
44 years$998$596$341$189$103$22
45 years$965$568$320$175$93$19
46 years$933$542$301$161$85$16
47 years$903$517$283$149$77$14
48 years$874$494$266$138$70$12
49 years$847$471$250$127$63$11
50 years$820$450$235$118$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $840,000, adding $2,620 every year, while hoping to spend $28,588 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: 47/29/24 Blend
45$840,000$840,000$840,000$840,000
46$928,383$883,863$870,843$965,540
47$992,660$896,754$869,598$1,004,770
48$1,062,536$909,320$867,354$1,044,295
49$1,138,551$921,513$864,047$1,086,624
50$1,221,300$933,283$859,609$1,132,035
51$1,311,437$944,579$853,971$1,180,832
52$1,409,684$955,344$847,059$1,233,355
53$1,516,833$965,517$838,797$1,289,976
54$1,633,758$975,035$829,105$1,351,108
55$1,761,418$983,829$817,896$1,417,207
56$1,900,872$991,825$805,085$1,488,776
57$2,053,283$998,947$790,578$1,566,373
58$2,219,933$1,005,111$774,278$1,650,612
59$2,402,235$1,010,230$756,084$1,742,172
60$2,601,740$1,014,209$735,891$1,841,804
61$2,820,162$1,016,949$713,587$1,950,335
62$3,059,383$1,018,345$689,057$2,068,681
63$3,321,480$1,018,283$662,180$2,197,853
64$3,608,736$1,016,644$632,828$2,338,966
65$3,923,669$1,013,301$600,870$2,493,252
66$4,269,051$1,008,121$566,166$2,662,073
67$4,647,934$1,000,959$528,573$2,846,930
68$5,063,682$991,665$487,939$3,049,481
69$5,519,999$980,077$444,106$3,271,557
70$6,020,964$966,026$396,909$3,515,179
71$6,571,072$949,331$346,175$3,782,577
72$7,175,275$929,802$291,725$4,076,212
73$7,839,025$907,234$233,371$4,398,802
74$8,568,332$881,415$170,915$4,753,344
75$9,369,815$852,118$104,154$5,143,147
76$10,250,766$819,101$32,872$5,571,862
77$11,219,218$782,111$0$6,043,518
78$12,284,023$740,880$0$6,573,621
79$13,454,932$695,121$0$7,165,716
80$14,742,689$644,536$0$7,816,849
81$16,159,131$588,806$0$8,533,053
82$17,717,300$527,595$0$9,320,980
83$19,431,565$460,547$0$10,187,965
84$21,317,758$387,288$0$11,142,094
85$23,393,325$307,420$0$12,192,279
86$25,677,486$220,526$0$13,348,350
87$28,191,419$126,162$0$14,621,139
88$30,958,461$23,861$0$16,022,590
89$34,004,324$0$0$17,565,872
90$37,357,341$0$0$19,293,219
91$41,048,729$0$0$21,203,384
92$45,112,888$0$0$23,306,567
93$49,587,723$0$0$25,622,398
94$54,515,000$0$0$28,172,508
95$59,940,744$0$0$30,980,734
96$65,915,668$0$0$34,073,339
97$72,495,655$0$0$37,479,267
98$79,742,283$0$0$41,230,407
99$87,723,407$0$0$45,361,904
100$96,513,799$0$0$49,912,483