Can I retire at age 46 with 860,000?

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 $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%15.7%
1 years$71,018$70,385$69,768$69,166$68,578$66,974
2 years$35,157$34,503$33,868$33,253$32,656$31,050
3 years$23,205$22,548$21,915$21,305$20,718$19,159
4 years$17,231$16,575$15,948$15,349$14,776$13,277
5 years$13,647$12,995$12,377$11,790$11,233$9,797
6 years$11,258$10,611$10,002$9,428$8,888$7,517
7 years$9,553$8,911$8,312$7,752$7,228$5,922
8 years$8,274$7,639$7,049$6,503$5,997$4,755
9 years$7,280$6,651$6,071$5,539$5,050$3,872
10 years$6,486$5,862$5,293$4,774$4,303$3,188
11 years$5,836$5,219$4,660$4,155$3,701$2,646
12 years$5,295$4,684$4,136$3,645$3,207$2,212
13 years$4,838$4,233$3,695$3,218$2,796$1,858
14 years$4,446$3,848$3,320$2,856$2,451$1,569
15 years$4,107$3,515$2,997$2,547$2,158$1,329
16 years$3,810$3,225$2,718$2,281$1,908$1,129
17 years$3,549$2,970$2,473$2,049$1,691$962
18 years$3,317$2,745$2,257$1,847$1,504$821
19 years$3,109$2,544$2,067$1,669$1,340$702
20 years$2,923$2,364$1,897$1,511$1,197$602
21 years$2,754$2,202$1,745$1,372$1,071$516
22 years$2,601$2,055$1,608$1,247$960$443
23 years$2,462$1,922$1,485$1,136$862$381
24 years$2,334$1,801$1,373$1,036$775$327
25 years$2,217$1,690$1,272$946$697$282
26 years$2,109$1,588$1,179$865$628$243
27 years$2,009$1,495$1,095$792$566$209
28 years$1,917$1,409$1,018$725$511$180
29 years$1,831$1,329$947$665$461$155
30 years$1,751$1,255$882$611$417$134
31 years$1,676$1,186$823$561$377$116
32 years$1,606$1,123$768$515$341$100
33 years$1,540$1,063$717$474$309$86
34 years$1,479$1,008$670$436$279$74
35 years$1,421$956$626$401$253$64
36 years$1,366$907$586$370$229$55
37 years$1,314$861$548$341$208$48
38 years$1,266$819$513$314$188$41
39 years$1,219$779$481$289$171$36
40 years$1,176$741$451$267$155$31
41 years$1,134$705$423$246$141$27
42 years$1,095$671$397$227$128$23
43 years$1,057$640$372$210$116$20
44 years$1,022$610$349$194$105$17
45 years$988$582$328$179$95$15
46 years$955$555$308$165$87$13
47 years$925$529$289$153$79$11
48 years$895$505$272$141$71$10
49 years$867$483$256$130$65$8
50 years$840$461$240$121$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $860,000, adding $2,817 every year, while hoping to spend $59,885 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: 41/46/13 Blend
45$860,000$860,000$860,000$860,000
46$950,626$905,046$891,716$985,839
47$983,872$885,676$857,871$991,545
48$1,018,503$863,350$820,885$991,587
49$1,054,596$837,859$780,591$990,323
50$1,092,235$808,984$736,810$987,660
51$1,131,510$776,492$689,360$983,502
52$1,172,518$740,134$638,049$977,750
53$1,215,366$699,652$582,675$970,296
54$1,260,167$654,769$523,028$961,032
55$1,307,044$605,192$458,889$949,843
56$1,356,130$550,614$390,029$936,611
57$1,407,570$490,708$316,210$921,209
58$1,461,519$425,130$237,180$903,511
59$1,518,148$353,516$152,680$883,381
60$1,577,641$275,480$62,436$860,681
61$1,640,199$190,617$0$835,269
62$1,706,040$98,498$0$811,692
63$1,775,400$0$0$794,649
64$1,848,538$0$0$776,029
65$1,925,735$0$0$809,044
66$2,007,299$0$0$843,974
67$2,093,565$0$0$880,967
68$2,184,898$0$0$920,187
69$2,281,697$0$0$961,812
70$2,384,398$0$0$1,006,038
71$2,493,479$0$0$1,053,078
72$2,609,461$0$0$1,103,165
73$2,732,916$0$0$1,156,555
74$2,864,467$0$0$1,213,528
75$3,004,799$0$0$1,274,391
76$3,154,663$0$0$1,339,480
77$3,314,879$0$0$1,409,165
78$3,486,347$0$0$1,483,848
79$3,670,056$0$0$1,563,974
80$3,867,089$0$0$1,650,028
81$4,078,633$0$0$1,742,547
82$4,305,994$0$0$1,842,115
83$4,550,602$0$0$1,949,376
84$4,814,031$0$0$2,065,038
85$5,098,007$0$0$2,189,878
86$5,404,425$0$0$2,324,748
87$5,735,371$0$0$2,470,588
88$6,093,133$0$0$2,628,428
89$6,480,229$0$0$2,799,402
90$6,899,426$0$0$2,984,755
91$7,353,763$0$0$3,185,859
92$7,846,587$0$0$3,404,220
93$8,381,576$0$0$3,641,497
94$8,962,774$0$0$3,899,511
95$9,594,632$0$0$4,180,271
96$10,282,046$0$0$4,485,983
97$11,030,402$0$0$4,819,076
98$11,845,628$0$0$5,182,224
99$12,734,245$0$0$5,578,368
100$13,703,433$0$0$6,010,747