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%15.2%
1 years$69,366$68,749$68,146$67,557$66,983$65,550
2 years$34,340$33,700$33,080$32,479$31,897$30,460
3 years$22,666$22,023$21,405$20,810$20,236$18,841
4 years$16,830$16,190$15,578$14,992$14,433$13,089
5 years$13,329$12,693$12,089$11,516$10,972$9,684
6 years$10,996$10,365$9,770$9,209$8,681$7,451
7 years$9,331$8,704$8,119$7,571$7,060$5,887
8 years$8,082$7,461$6,885$6,351$5,857$4,740
9 years$7,111$6,496$5,930$5,410$4,933$3,872
10 years$6,335$5,726$5,170$4,663$4,203$3,197
11 years$5,700$5,098$4,552$4,059$3,615$2,663
12 years$5,172$4,575$4,039$3,560$3,132$2,232
13 years$4,725$4,135$3,609$3,143$2,731$1,882
14 years$4,342$3,758$3,243$2,790$2,394$1,594
15 years$4,011$3,433$2,928$2,488$2,108$1,355
16 years$3,722$3,150$2,654$2,228$1,863$1,156
17 years$3,466$2,901$2,415$2,002$1,652$988
18 years$3,240$2,681$2,205$1,804$1,469$847
19 years$3,037$2,484$2,019$1,630$1,309$727
20 years$2,855$2,309$1,853$1,476$1,169$625
21 years$2,690$2,150$1,704$1,340$1,047$538
22 years$2,541$2,007$1,570$1,218$938$464
23 years$2,405$1,877$1,450$1,109$842$400
24 years$2,280$1,759$1,341$1,012$757$345
25 years$2,166$1,651$1,242$924$681$298
26 years$2,060$1,551$1,152$845$613$258
27 years$1,963$1,460$1,070$773$553$223
28 years$1,872$1,376$994$709$499$193
29 years$1,788$1,298$925$650$451$167
30 years$1,710$1,226$862$596$407$145
31 years$1,637$1,159$804$548$368$126
32 years$1,568$1,096$750$503$333$109
33 years$1,504$1,038$700$463$301$94
34 years$1,444$984$654$426$273$82
35 years$1,387$933$612$392$247$71
36 years$1,334$886$572$361$224$61
37 years$1,284$841$535$333$203$53
38 years$1,236$800$501$307$184$46
39 years$1,191$760$470$283$167$40
40 years$1,148$723$440$261$151$35
41 years$1,108$689$413$241$137$30
42 years$1,069$656$387$222$125$26
43 years$1,033$625$363$205$113$23
44 years$998$596$341$189$103$20
45 years$965$568$320$175$93$17
46 years$933$542$301$161$85$15
47 years$903$517$283$149$77$13
48 years$874$494$266$138$70$11
49 years$847$471$250$127$63$10
50 years$820$450$235$118$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $840,000, adding $3,646 every year, while hoping to spend $59,314 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: 39/43/18 Blend
45$840,000$840,000$840,000$840,000
46$929,441$884,921$871,901$960,565
47$961,134$865,172$838,000$963,443
48$994,072$842,468$800,975$960,604
49$1,028,319$816,601$760,660$956,292
50$1,063,945$787,351$716,879$950,406
51$1,101,022$754,486$669,449$942,839
52$1,139,631$717,760$618,180$933,479
53$1,179,856$676,914$562,872$922,209
54$1,221,790$631,671$503,316$908,905
55$1,265,530$581,741$439,296$893,437
56$1,311,185$526,817$370,583$875,672
57$1,358,869$466,574$296,940$855,467
58$1,408,705$400,668$218,119$832,676
59$1,460,829$328,736$133,862$807,144
60$1,515,385$250,395$43,898$778,711
61$1,572,530$165,241$0$747,209
62$1,632,436$72,845$0$722,473
63$1,695,286$0$0$703,960
64$1,761,282$0$0$695,994
65$1,830,641$0$0$723,883
66$1,903,601$0$0$753,258
67$1,980,419$0$0$784,230
68$2,061,376$0$0$816,915
69$2,146,778$0$0$851,445
70$2,236,957$0$0$887,960
71$2,332,278$0$0$926,613
72$2,433,137$0$0$967,574
73$2,539,967$0$0$1,011,026
74$2,653,241$0$0$1,057,170
75$2,773,476$0$0$1,106,226
76$2,901,238$0$0$1,158,434
77$3,037,145$0$0$1,214,058
78$3,181,874$0$0$1,273,385
79$3,336,166$0$0$1,336,732
80$3,500,832$0$0$1,404,444
81$3,676,762$0$0$1,476,901
82$3,864,931$0$0$1,554,518
83$4,066,407$0$0$1,637,752
84$4,282,361$0$0$1,727,103
85$4,514,081$0$0$1,823,120
86$4,762,975$0$0$1,926,406
87$5,030,594$0$0$2,037,624
88$5,318,636$0$0$2,157,499
89$5,628,968$0$0$2,286,831
90$5,963,641$0$0$2,426,496
91$6,324,907$0$0$2,577,459
92$6,715,240$0$0$2,740,780
93$7,137,362$0$0$2,917,622
94$7,594,260$0$0$3,109,267
95$8,089,222$0$0$3,317,122
96$8,625,861$0$0$3,542,736
97$9,208,150$0$0$3,787,811
98$9,840,461$0$0$4,054,221
99$10,527,599$0$0$4,344,026
100$11,274,852$0$0$4,659,494