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%16.7%
1 years$71,018$70,385$69,768$69,166$68,578$66,703
2 years$35,157$34,503$33,868$33,253$32,656$30,781
3 years$23,205$22,548$21,915$21,305$20,718$18,902
4 years$17,231$16,575$15,948$15,349$14,776$13,033
5 years$13,647$12,995$12,377$11,790$11,233$9,566
6 years$11,258$10,611$10,002$9,428$8,888$7,300
7 years$9,553$8,911$8,312$7,752$7,228$5,719
8 years$8,274$7,639$7,049$6,503$5,997$4,565
9 years$7,280$6,651$6,071$5,539$5,050$3,695
10 years$6,486$5,862$5,293$4,774$4,303$3,023
11 years$5,836$5,219$4,660$4,155$3,701$2,494
12 years$5,295$4,684$4,136$3,645$3,207$2,070
13 years$4,838$4,233$3,695$3,218$2,796$1,728
14 years$4,446$3,848$3,320$2,856$2,451$1,449
15 years$4,107$3,515$2,997$2,547$2,158$1,219
16 years$3,810$3,225$2,718$2,281$1,908$1,028
17 years$3,549$2,970$2,473$2,049$1,691$870
18 years$3,317$2,745$2,257$1,847$1,504$737
19 years$3,109$2,544$2,067$1,669$1,340$626
20 years$2,923$2,364$1,897$1,511$1,197$532
21 years$2,754$2,202$1,745$1,372$1,071$453
22 years$2,601$2,055$1,608$1,247$960$386
23 years$2,462$1,922$1,485$1,136$862$329
24 years$2,334$1,801$1,373$1,036$775$281
25 years$2,217$1,690$1,272$946$697$240
26 years$2,109$1,588$1,179$865$628$205
27 years$2,009$1,495$1,095$792$566$175
28 years$1,917$1,409$1,018$725$511$150
29 years$1,831$1,329$947$665$461$128
30 years$1,751$1,255$882$611$417$109
31 years$1,676$1,186$823$561$377$94
32 years$1,606$1,123$768$515$341$80
33 years$1,540$1,063$717$474$309$69
34 years$1,479$1,008$670$436$279$59
35 years$1,421$956$626$401$253$50
36 years$1,366$907$586$370$229$43
37 years$1,314$861$548$341$208$37
38 years$1,266$819$513$314$188$32
39 years$1,219$779$481$289$171$27
40 years$1,176$741$451$267$155$23
41 years$1,134$705$423$246$141$20
42 years$1,095$671$397$227$128$17
43 years$1,057$640$372$210$116$15
44 years$1,022$610$349$194$105$12
45 years$988$582$328$179$95$11
46 years$955$555$308$165$87$9
47 years$925$529$289$153$79$8
48 years$895$505$272$141$71$7
49 years$867$483$256$130$65$6
50 years$840$461$240$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $860,000, adding $6,762 every year, while hoping to spend $31,481 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: 45/40/15 Blend
45$860,000$860,000$860,000$860,000
46$954,695$909,115$895,785$993,275
47$1,018,578$920,166$892,298$1,031,906
48$1,087,923$930,704$887,640$1,070,067
49$1,163,252$940,669$881,737$1,110,766
50$1,245,142$950,000$874,513$1,154,250
51$1,334,227$958,631$865,890$1,200,793
52$1,431,204$966,489$855,783$1,250,699
53$1,536,840$973,501$844,105$1,304,303
54$1,651,981$979,586$830,766$1,361,976
55$1,777,555$984,657$815,669$1,424,128
56$1,914,585$988,625$798,713$1,491,214
57$2,064,198$991,393$779,795$1,563,733
58$2,227,632$992,857$758,804$1,642,242
59$2,406,253$992,909$735,626$1,727,354
60$2,601,562$991,433$710,141$1,819,745
61$2,815,214$988,306$682,223$1,920,166
62$3,049,029$983,396$651,741$2,029,444
63$3,305,013$976,566$618,557$2,148,495
64$3,585,375$967,668$582,529$2,278,329
65$3,892,545$956,546$543,507$2,420,065
66$4,229,204$943,035$501,333$2,574,937
67$4,598,299$926,961$455,844$2,744,309
68$5,003,080$908,137$406,870$2,929,688
69$5,447,126$886,367$354,231$3,132,737
70$5,934,376$861,442$297,741$3,355,296
71$6,469,173$833,143$237,206$3,599,395
72$7,056,298$801,236$172,422$3,867,276
73$7,701,018$765,475$103,176$4,161,414
74$8,409,137$725,599$29,247$4,484,544
75$9,187,047$681,330$0$4,839,684
76$10,041,789$632,379$0$5,238,112
77$10,981,121$578,435$0$5,681,072
78$12,013,589$519,172$0$6,167,981
79$13,148,610$454,246$0$6,703,361
80$14,396,556$383,292$0$7,292,205
81$15,768,856$305,925$0$7,940,018
82$17,278,103$221,739$0$8,652,872
83$18,938,169$130,303$0$9,437,469
84$20,764,338$31,165$0$10,301,195
85$22,773,454$0$0$11,252,203
86$24,984,070$0$0$12,333,002
87$27,416,632$0$0$13,537,527
88$30,093,668$0$0$14,863,230
89$33,039,998$0$0$16,322,418
90$36,282,973$0$0$17,928,652
91$39,852,727$0$0$19,696,875
92$43,782,466$0$0$21,643,551
93$48,108,778$0$0$23,786,821
94$52,871,980$0$0$26,146,678
95$58,116,496$0$0$28,745,149
96$63,891,277$0$0$31,606,506
97$70,250,263$0$0$34,757,496
98$77,252,891$0$0$38,227,591
99$84,964,656$0$0$42,049,269
100$93,457,727$0$0$46,258,315