Can I retire at age 46 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$71,018$70,385$69,768$69,166$68,578$66,542
2 years$35,157$34,503$33,868$33,253$32,656$30,622
3 years$23,205$22,548$21,915$21,305$20,718$18,750
4 years$17,231$16,575$15,948$15,349$14,776$12,889
5 years$13,647$12,995$12,377$11,790$11,233$9,431
6 years$11,258$10,611$10,002$9,428$8,888$7,173
7 years$9,553$8,911$8,312$7,752$7,228$5,600
8 years$8,274$7,639$7,049$6,503$5,997$4,455
9 years$7,280$6,651$6,071$5,539$5,050$3,593
10 years$6,486$5,862$5,293$4,774$4,303$2,928
11 years$5,836$5,219$4,660$4,155$3,701$2,406
12 years$5,295$4,684$4,136$3,645$3,207$1,990
13 years$4,838$4,233$3,695$3,218$2,796$1,654
14 years$4,446$3,848$3,320$2,856$2,451$1,381
15 years$4,107$3,515$2,997$2,547$2,158$1,157
16 years$3,810$3,225$2,718$2,281$1,908$972
17 years$3,549$2,970$2,473$2,049$1,691$818
18 years$3,317$2,745$2,257$1,847$1,504$690
19 years$3,109$2,544$2,067$1,669$1,340$583
20 years$2,923$2,364$1,897$1,511$1,197$494
21 years$2,754$2,202$1,745$1,372$1,071$418
22 years$2,601$2,055$1,608$1,247$960$355
23 years$2,462$1,922$1,485$1,136$862$301
24 years$2,334$1,801$1,373$1,036$775$256
25 years$2,217$1,690$1,272$946$697$217
26 years$2,109$1,588$1,179$865$628$185
27 years$2,009$1,495$1,095$792$566$157
28 years$1,917$1,409$1,018$725$511$134
29 years$1,831$1,329$947$665$461$114
30 years$1,751$1,255$882$611$417$97
31 years$1,676$1,186$823$561$377$82
32 years$1,606$1,123$768$515$341$70
33 years$1,540$1,063$717$474$309$60
34 years$1,479$1,008$670$436$279$51
35 years$1,421$956$626$401$253$43
36 years$1,366$907$586$370$229$37
37 years$1,314$861$548$341$208$31
38 years$1,266$819$513$314$188$27
39 years$1,219$779$481$289$171$23
40 years$1,176$741$451$267$155$19
41 years$1,134$705$423$246$141$17
42 years$1,095$671$397$227$128$14
43 years$1,057$640$372$210$116$12
44 years$1,022$610$349$194$105$10
45 years$988$582$328$179$95$9
46 years$955$555$308$165$87$7
47 years$925$529$289$153$79$6
48 years$895$505$272$141$71$5
49 years$867$483$256$130$65$5
50 years$840$461$240$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $860,000, adding $6,014 every year, while hoping to spend $38,350 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: 75/15/10 Blend
45$860,000$860,000$860,000$860,000
46$953,923$908,343$895,013$1,023,304
47$1,010,420$912,048$884,192$1,073,562
48$1,071,393$914,649$871,723$1,123,189
49$1,137,260$916,052$857,511$1,176,495
50$1,208,477$916,155$841,455$1,233,833
51$1,285,549$914,853$823,450$1,295,590
52$1,369,026$912,033$803,387$1,362,193
53$1,459,517$907,573$781,151$1,434,115
54$1,557,690$901,346$756,622$1,511,875
55$1,664,280$893,217$729,674$1,596,047
56$1,780,094$883,043$700,176$1,687,262
57$1,906,023$870,671$667,990$1,786,217
58$2,043,043$855,940$632,974$1,893,680
59$2,192,232$838,679$594,977$2,010,499
60$2,354,773$818,708$553,842$2,137,608
61$2,531,970$795,835$509,406$2,276,037
62$2,725,256$769,856$461,497$2,426,922
63$2,936,211$740,558$409,936$2,591,516
64$3,166,572$707,713$354,536$2,771,200
65$3,418,253$671,081$295,103$2,967,498
66$3,693,358$630,408$231,433$3,182,088
67$3,994,208$585,424$163,313$3,416,824
68$4,323,354$535,847$90,520$3,673,747
69$4,683,607$481,375$12,824$3,955,111
70$5,078,064$421,691$0$4,263,398
71$5,510,132$356,459$0$4,608,826
72$5,983,565$285,326$0$4,988,882
73$6,502,498$207,915$0$5,405,554
74$7,071,482$123,833$0$5,862,543
75$7,695,534$32,662$0$6,363,928
76$8,380,176$0$0$6,914,204
77$9,131,492$0$0$7,529,228
78$9,956,184$0$0$8,210,270
79$10,861,631$0$0$8,958,039
80$11,855,968$0$0$9,779,256
81$12,948,149$0$0$10,681,324
82$14,148,044$0$0$11,672,396
83$15,466,522$0$0$12,761,458
84$16,915,559$0$0$13,958,406
85$18,508,348$0$0$15,274,144
86$20,259,426$0$0$16,720,685
87$22,184,805$0$0$18,311,263
88$24,302,128$0$0$20,060,460
89$26,630,835$0$0$21,984,341
90$29,192,341$0$0$24,100,605
91$32,010,243$0$0$26,428,755
92$35,110,540$0$0$28,990,278
93$38,521,878$0$0$31,808,848
94$42,275,819$0$0$34,910,552
95$46,407,141$0$0$38,324,131
96$50,954,162$0$0$42,081,256
97$55,959,104$0$0$46,216,821
98$61,468,490$0$0$50,769,277
99$67,533,582$0$0$55,780,991
100$74,210,866$0$0$61,298,648