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%18.7%
1 years$69,366$68,749$68,146$67,557$66,983$64,632
2 years$34,340$33,700$33,080$32,479$31,897$29,553
3 years$22,666$22,023$21,405$20,810$20,236$17,973
4 years$16,830$16,190$15,578$14,992$14,433$12,268
5 years$13,329$12,693$12,089$11,516$10,972$8,910
6 years$10,996$10,365$9,770$9,209$8,681$6,725
7 years$9,331$8,704$8,119$7,571$7,060$5,209
8 years$8,082$7,461$6,885$6,351$5,857$4,110
9 years$7,111$6,496$5,930$5,410$4,933$3,286
10 years$6,335$5,726$5,170$4,663$4,203$2,655
11 years$5,700$5,098$4,552$4,059$3,615$2,162
12 years$5,172$4,575$4,039$3,560$3,132$1,771
13 years$4,725$4,135$3,609$3,143$2,731$1,459
14 years$4,342$3,758$3,243$2,790$2,394$1,206
15 years$4,011$3,433$2,928$2,488$2,108$1,000
16 years$3,722$3,150$2,654$2,228$1,863$832
17 years$3,466$2,901$2,415$2,002$1,652$693
18 years$3,240$2,681$2,205$1,804$1,469$579
19 years$3,037$2,484$2,019$1,630$1,309$484
20 years$2,855$2,309$1,853$1,476$1,169$405
21 years$2,690$2,150$1,704$1,340$1,047$340
22 years$2,541$2,007$1,570$1,218$938$285
23 years$2,405$1,877$1,450$1,109$842$239
24 years$2,280$1,759$1,341$1,012$757$201
25 years$2,166$1,651$1,242$924$681$169
26 years$2,060$1,551$1,152$845$613$142
27 years$1,963$1,460$1,070$773$553$119
28 years$1,872$1,376$994$709$499$100
29 years$1,788$1,298$925$650$451$84
30 years$1,710$1,226$862$596$407$71
31 years$1,637$1,159$804$548$368$60
32 years$1,568$1,096$750$503$333$50
33 years$1,504$1,038$700$463$301$42
34 years$1,444$984$654$426$273$36
35 years$1,387$933$612$392$247$30
36 years$1,334$886$572$361$224$25
37 years$1,284$841$535$333$203$21
38 years$1,236$800$501$307$184$18
39 years$1,191$760$470$283$167$15
40 years$1,148$723$440$261$151$13
41 years$1,108$689$413$241$137$11
42 years$1,069$656$387$222$125$9
43 years$1,033$625$363$205$113$8
44 years$998$596$341$189$103$6
45 years$965$568$320$175$93$5
46 years$933$542$301$161$85$5
47 years$903$517$283$149$77$4
48 years$874$494$266$138$70$3
49 years$847$471$250$127$63$3
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 $4,569 every year, while hoping to spend $21,835 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: 30/49/21 Blend
45$840,000$840,000$840,000$840,000
46$930,393$885,873$872,853$952,085
47$1,002,061$906,048$878,861$989,175
48$1,080,307$926,481$884,339$1,026,780
49$1,165,779$947,159$889,245$1,066,777
50$1,259,191$968,073$893,538$1,109,388
51$1,361,328$989,207$897,170$1,154,856
52$1,473,054$1,010,549$900,096$1,203,449
53$1,595,322$1,032,082$902,266$1,255,462
54$1,729,179$1,053,789$903,626$1,311,223
55$1,875,781$1,075,650$904,123$1,371,090
56$2,036,398$1,097,644$903,699$1,435,461
57$2,212,431$1,119,749$902,293$1,504,774
58$2,405,421$1,141,939$899,842$1,579,512
59$2,617,066$1,164,187$896,279$1,660,208
60$2,849,238$1,186,463$891,536$1,747,450
61$3,103,996$1,208,736$885,538$1,841,887
62$3,383,610$1,230,970$878,209$1,944,235
63$3,690,579$1,253,128$869,470$2,055,284
64$4,027,657$1,275,170$859,236$2,175,904
65$4,397,877$1,297,052$847,420$2,307,059
66$4,804,580$1,318,728$833,928$2,449,807
67$5,251,448$1,340,146$818,665$2,605,319
68$5,742,536$1,361,253$801,531$2,774,887
69$6,282,311$1,381,991$782,418$2,959,935
70$6,875,695$1,402,297$761,218$3,162,033
71$7,528,111$1,422,105$737,814$3,382,916
72$8,245,533$1,441,342$712,085$3,624,495
73$9,034,543$1,459,933$683,905$3,888,879
74$9,902,393$1,477,797$653,142$4,178,397
75$10,857,072$1,494,844$619,658$4,495,613
76$11,907,385$1,510,983$583,309$4,843,361
77$13,063,031$1,526,114$543,942$5,224,762
78$14,334,698$1,540,131$501,401$5,643,261
79$15,734,160$1,552,921$455,521$6,102,658
80$17,274,393$1,564,363$406,130$6,607,142
81$18,969,694$1,574,329$353,048$7,161,336
82$20,835,814$1,582,682$296,087$7,770,336
83$22,890,112$1,589,279$235,051$8,439,764
84$25,151,713$1,593,963$169,734$9,175,819
85$27,641,692$1,596,572$99,925$9,985,338
86$30,383,271$1,596,930$25,398$10,875,860
87$33,402,038$1,594,852$0$11,855,699
88$36,726,188$1,590,143$0$12,946,152
89$40,386,792$1,582,593$0$14,152,061
90$44,418,086$1,571,980$0$15,478,934
91$48,857,794$1,558,071$0$16,939,120
92$53,747,488$1,540,616$0$18,546,236
93$59,132,976$1,519,350$0$20,315,288
94$65,064,736$1,493,995$0$22,262,822
95$71,598,392$1,464,253$0$24,407,072
96$78,795,238$1,429,812$0$26,768,142
97$86,722,817$1,390,337$0$29,368,190
98$95,455,559$1,345,478$0$32,231,640
99$105,075,481$1,294,862$0$35,385,417
100$115,672,965$1,238,095$0$38,859,195