Can I retire at age 46 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$70,192$69,567$68,957$68,362$67,780$65,584
2 years$34,749$34,101$33,474$32,866$32,276$30,085
3 years$22,936$22,286$21,660$21,058$20,477$18,359
4 years$17,030$16,382$15,763$15,171$14,605$12,575
5 years$13,488$12,844$12,233$11,653$11,102$9,167
6 years$11,127$10,488$9,886$9,319$8,785$6,946
7 years$9,442$8,808$8,215$7,661$7,144$5,402
8 years$8,178$7,550$6,967$6,427$5,927$4,279
9 years$7,196$6,574$6,001$5,474$4,991$3,436
10 years$6,410$5,794$5,232$4,719$4,253$2,788
11 years$5,768$5,158$4,606$4,107$3,658$2,281
12 years$5,234$4,630$4,088$3,602$3,170$1,878
13 years$4,781$4,184$3,652$3,180$2,764$1,553
14 years$4,394$3,803$3,281$2,823$2,423$1,291
15 years$4,059$3,474$2,963$2,518$2,133$1,076
16 years$3,766$3,188$2,686$2,254$1,885$899
17 years$3,507$2,936$2,444$2,026$1,672$753
18 years$3,278$2,713$2,231$1,825$1,486$632
19 years$3,073$2,514$2,043$1,649$1,325$531
20 years$2,889$2,336$1,875$1,494$1,183$447
21 years$2,722$2,176$1,724$1,356$1,059$377
22 years$2,571$2,031$1,589$1,233$949$318
23 years$2,433$1,900$1,467$1,123$852$268
24 years$2,307$1,780$1,357$1,024$766$227
25 years$2,191$1,670$1,257$935$689$191
26 years$2,085$1,570$1,166$855$621$162
27 years$1,986$1,478$1,082$783$560$137
28 years$1,894$1,392$1,006$717$505$116
29 years$1,809$1,313$936$658$456$98
30 years$1,730$1,240$872$603$412$83
31 years$1,656$1,173$813$554$373$70
32 years$1,587$1,109$759$509$337$59
33 years$1,522$1,051$708$468$305$50
34 years$1,461$996$662$431$276$43
35 years$1,404$945$619$397$250$36
36 years$1,350$897$579$365$227$31
37 years$1,299$851$542$337$205$26
38 years$1,251$809$507$310$186$22
39 years$1,205$769$475$286$169$19
40 years$1,162$732$446$264$153$16
41 years$1,121$697$418$243$139$13
42 years$1,082$664$392$225$126$11
43 years$1,045$632$368$207$114$10
44 years$1,010$603$345$192$104$8
45 years$976$575$324$177$94$7
46 years$944$548$304$163$86$6
47 years$914$523$286$151$78$5
48 years$885$500$269$139$71$4
49 years$857$477$253$129$64$4
50 years$830$456$238$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $850,000, adding $4,130 every year, while hoping to spend $32,327 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: 57/30/13 Blend
45$850,000$850,000$850,000$850,000
46$940,960$895,910$882,735$991,269
47$1,002,542$905,414$877,911$1,035,278
48$1,069,323$914,300$871,842$1,079,290
49$1,141,797$922,504$864,452$1,126,489
50$1,220,510$929,957$855,661$1,177,185
51$1,306,064$936,587$845,388$1,231,723
52$1,399,117$942,314$833,543$1,290,479
53$1,500,397$947,057$820,036$1,353,872
54$1,610,702$950,727$804,772$1,422,364
55$1,730,912$953,231$787,650$1,496,464
56$1,861,994$954,470$768,566$1,576,735
57$2,005,015$954,336$747,411$1,663,799
58$2,161,147$952,719$724,069$1,758,340
59$2,331,680$949,498$698,421$1,861,117
60$2,518,035$944,547$670,342$1,972,965
61$2,721,778$937,733$639,702$2,094,808
62$2,944,629$928,912$606,362$2,227,663
63$3,188,486$917,933$570,179$2,372,657
64$3,455,437$904,637$531,006$2,531,029
65$3,747,781$888,854$488,684$2,704,151
66$4,068,051$870,404$443,051$2,893,534
67$4,419,035$849,096$393,936$3,100,848
68$4,803,804$824,731$341,161$3,327,934
69$5,225,743$797,092$284,540$3,576,826
70$5,688,575$765,957$223,879$3,849,766
71$6,196,405$731,084$158,974$4,149,230
72$6,753,753$692,222$89,615$4,477,950
73$7,365,598$649,103$15,579$4,838,940
74$8,037,425$601,445$0$5,235,524
75$8,775,275$548,948$0$5,680,170
76$9,585,803$491,297$0$6,171,004
77$10,476,342$428,157$0$6,710,365
78$11,454,969$359,177$0$7,303,215
79$12,530,582$283,982$0$7,955,025
80$13,712,984$202,181$0$8,671,829
81$15,012,977$113,356$0$9,460,281
82$16,442,458$17,068$0$10,327,716
83$18,014,539$0$0$11,282,223
84$19,743,663$0$0$12,361,490
85$21,645,744$0$0$13,554,994
86$23,738,316$0$0$14,868,113
87$26,040,700$0$0$16,312,982
88$28,574,180$0$0$17,902,969
89$31,362,211$0$0$19,652,806
90$34,430,635$0$0$21,578,724
91$37,807,928$0$0$23,698,607
92$41,525,463$0$0$26,032,163
93$45,617,812$0$0$28,601,104
94$50,123,068$0$0$31,429,358
95$55,083,207$0$0$34,543,288
96$60,544,478$0$0$37,971,946
97$66,557,846$0$0$41,747,342
98$73,179,470$0$0$45,904,749
99$80,471,231$0$0$50,483,036
100$88,501,315$0$0$55,525,032