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%14.3%
1 years$69,366$68,749$68,146$67,557$66,983$65,792
2 years$34,340$33,700$33,080$32,479$31,897$30,701
3 years$22,666$22,023$21,405$20,810$20,236$19,073
4 years$16,830$16,190$15,578$14,992$14,433$13,311
5 years$13,329$12,693$12,089$11,516$10,972$9,894
6 years$10,996$10,365$9,770$9,209$8,681$7,650
7 years$9,331$8,704$8,119$7,571$7,060$6,075
8 years$8,082$7,461$6,885$6,351$5,857$4,918
9 years$7,111$6,496$5,930$5,410$4,933$4,038
10 years$6,335$5,726$5,170$4,663$4,203$3,353
11 years$5,700$5,098$4,552$4,059$3,615$2,808
12 years$5,172$4,575$4,039$3,560$3,132$2,368
13 years$4,725$4,135$3,609$3,143$2,731$2,009
14 years$4,342$3,758$3,243$2,790$2,394$1,712
15 years$4,011$3,433$2,928$2,488$2,108$1,464
16 years$3,722$3,150$2,654$2,228$1,863$1,257
17 years$3,466$2,901$2,415$2,002$1,652$1,081
18 years$3,240$2,681$2,205$1,804$1,469$933
19 years$3,037$2,484$2,019$1,630$1,309$806
20 years$2,855$2,309$1,853$1,476$1,169$698
21 years$2,690$2,150$1,704$1,340$1,047$605
22 years$2,541$2,007$1,570$1,218$938$525
23 years$2,405$1,877$1,450$1,109$842$456
24 years$2,280$1,759$1,341$1,012$757$397
25 years$2,166$1,651$1,242$924$681$345
26 years$2,060$1,551$1,152$845$613$301
27 years$1,963$1,460$1,070$773$553$262
28 years$1,872$1,376$994$709$499$228
29 years$1,788$1,298$925$650$451$199
30 years$1,710$1,226$862$596$407$174
31 years$1,637$1,159$804$548$368$152
32 years$1,568$1,096$750$503$333$132
33 years$1,504$1,038$700$463$301$116
34 years$1,444$984$654$426$273$101
35 years$1,387$933$612$392$247$88
36 years$1,334$886$572$361$224$77
37 years$1,284$841$535$333$203$67
38 years$1,236$800$501$307$184$59
39 years$1,191$760$470$283$167$52
40 years$1,148$723$440$261$151$45
41 years$1,108$689$413$241$137$39
42 years$1,069$656$387$222$125$34
43 years$1,033$625$363$205$113$30
44 years$998$596$341$189$103$26
45 years$965$568$320$175$93$23
46 years$933$542$301$161$85$20
47 years$903$517$283$149$77$18
48 years$874$494$266$138$70$15
49 years$847$471$250$127$63$13
50 years$820$450$235$118$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $840,000, adding $3,388 every year, while hoping to spend $41,259 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: 48/24/28 Blend
45$840,000$840,000$840,000$840,000
46$929,175$884,655$871,635$966,206
47$980,051$884,104$856,935$992,047
48$1,034,734$882,143$840,360$1,015,779
49$1,093,569$878,659$821,804$1,040,753
50$1,156,933$873,534$801,155$1,067,108
51$1,225,243$866,639$778,296$1,094,997
52$1,298,955$857,842$753,106$1,124,593
53$1,378,570$846,998$725,457$1,156,088
54$1,464,641$833,958$695,217$1,189,699
55$1,557,773$818,560$662,245$1,225,665
56$1,658,632$800,636$626,397$1,264,253
57$1,767,951$780,005$587,519$1,305,762
58$1,886,535$756,478$545,454$1,350,524
59$2,015,269$729,853$500,034$1,398,909
60$2,155,127$699,917$451,086$1,451,328
61$2,307,182$666,445$398,429$1,508,239
62$2,472,612$629,198$341,874$1,570,151
63$2,652,713$587,924$281,222$1,637,629
64$2,848,914$542,356$216,266$1,711,302
65$3,062,784$492,212$146,792$1,791,866
66$3,296,052$437,195$72,574$1,880,097
67$3,550,621$376,989$0$1,976,853
68$3,828,584$311,261$0$2,085,068
69$4,132,248$239,661$0$2,227,086
70$4,464,149$161,816$0$2,382,450
71$4,827,083$77,336$0$2,552,540
72$5,224,124$0$0$2,738,877
73$5,658,661$0$0$2,946,891
74$6,134,424$0$0$3,197,092
75$6,655,520$0$0$3,471,226
76$7,226,472$0$0$3,771,684
77$7,852,262$0$0$4,101,101
78$8,538,377$0$0$4,462,377
79$9,290,858$0$0$4,858,706
80$10,116,362$0$0$5,293,607
81$11,022,220$0$0$5,770,957
82$12,016,505$0$0$6,295,024
83$13,108,113$0$0$6,870,512
84$14,306,841$0$0$7,502,602
85$15,623,484$0$0$8,197,002
86$17,069,930$0$0$8,959,997
87$18,659,279$0$0$9,798,516
88$20,405,960$0$0$10,720,188
89$22,325,871$0$0$11,733,421
90$24,436,525$0$0$12,847,477
91$26,757,219$0$0$14,072,559
92$29,309,211$0$0$15,419,911
93$32,115,923$0$0$16,901,919
94$35,203,160$0$0$18,532,232
95$38,599,356$0$0$20,325,885
96$42,335,835$0$0$22,299,447
97$46,447,115$0$0$24,471,172
98$50,971,225$0$0$26,861,175
99$55,950,070$0$0$29,491,617
100$61,429,820$0$0$32,386,917