Can I retire at age 46 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$71,844$71,204$70,579$69,970$69,375$67,974
2 years$35,566$34,904$34,262$33,639$33,036$31,631
3 years$23,475$22,810$22,170$21,553$20,959$19,594
4 years$17,431$16,768$16,134$15,528$14,948$13,633
5 years$13,805$13,146$12,521$11,927$11,363$10,102
6 years$11,389$10,735$10,118$9,538$8,992$7,785
7 years$9,664$9,015$8,408$7,842$7,313$6,161
8 years$8,371$7,728$7,131$6,578$6,066$4,970
9 years$7,365$6,728$6,142$5,603$5,109$4,067
10 years$6,561$5,931$5,355$4,830$4,353$3,364
11 years$5,904$5,280$4,714$4,204$3,744$2,807
12 years$5,357$4,739$4,184$3,687$3,244$2,358
13 years$4,894$4,282$3,738$3,255$2,829$1,992
14 years$4,498$3,893$3,359$2,890$2,480$1,691
15 years$4,154$3,556$3,032$2,577$2,183$1,440
16 years$3,854$3,263$2,749$2,307$1,930$1,231
17 years$3,590$3,005$2,502$2,073$1,711$1,055
18 years$3,355$2,776$2,284$1,868$1,521$906
19 years$3,145$2,573$2,091$1,688$1,356$779
20 years$2,957$2,391$1,919$1,529$1,211$671
21 years$2,786$2,227$1,765$1,388$1,084$579
22 years$2,632$2,079$1,627$1,262$972$501
23 years$2,491$1,945$1,502$1,149$872$433
24 years$2,362$1,822$1,389$1,048$784$375
25 years$2,243$1,710$1,286$957$705$325
26 years$2,134$1,607$1,193$875$635$281
27 years$2,033$1,512$1,108$801$573$244
28 years$1,939$1,425$1,030$734$517$212
29 years$1,852$1,344$958$673$467$184
30 years$1,771$1,270$893$618$422$159
31 years$1,695$1,200$832$567$381$139
32 years$1,624$1,136$777$521$345$120
33 years$1,558$1,075$725$479$312$105
34 years$1,496$1,019$677$441$283$91
35 years$1,437$967$633$406$256$79
36 years$1,382$918$593$374$232$69
37 years$1,330$872$555$345$210$60
38 years$1,280$828$519$318$191$52
39 years$1,234$788$487$293$173$45
40 years$1,189$749$456$270$157$39
41 years$1,147$713$428$249$142$34
42 years$1,108$679$401$230$129$30
43 years$1,070$647$376$212$117$26
44 years$1,034$617$353$196$106$23
45 years$999$588$332$181$97$20
46 years$967$561$312$167$88$17
47 years$935$536$293$154$80$15
48 years$905$511$275$143$72$13
49 years$877$488$259$132$66$11
50 years$849$466$243$122$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $870,000, adding $2,314 every year, while hoping to spend $59,339 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: 44/31/25 Blend
45$870,000$870,000$870,000$870,000
46$961,127$915,017$901,532$996,355
47$996,026$896,716$868,597$1,003,301
48$1,032,495$875,531$832,570$1,004,923
49$1,070,633$851,255$793,285$1,005,511
50$1,110,545$823,674$750,567$1,005,002
51$1,152,346$792,559$704,236$1,003,331
52$1,196,158$757,668$654,101$1,000,429
53$1,242,117$718,744$599,964$996,227
54$1,290,369$675,518$541,618$990,655
55$1,341,071$627,703$478,847$983,641
56$1,394,395$574,996$411,424$975,112
57$1,450,530$517,077$339,113$964,992
58$1,509,678$453,608$261,668$953,208
59$1,572,063$384,232$178,831$939,685
60$1,637,925$308,571$90,333$924,348
61$1,707,528$226,226$0$907,123
62$1,781,161$136,776$0$889,033
63$1,859,137$39,776$0$894,697
64$1,941,801$0$0$900,008
65$2,029,527$0$0$927,240
66$2,122,725$0$0$970,639
67$2,221,844$0$0$1,016,853
68$2,327,376$0$0$1,066,118
69$2,439,857$0$0$1,118,693
70$2,559,876$0$0$1,174,861
71$2,688,079$0$0$1,234,934
72$2,825,171$0$0$1,299,251
73$2,971,929$0$0$1,368,186
74$3,129,202$0$0$1,442,150
75$3,297,922$0$0$1,521,592
76$3,479,112$0$0$1,607,006
77$3,673,895$0$0$1,698,934
78$3,883,502$0$0$1,797,971
79$4,109,288$0$0$1,904,771
80$4,352,739$0$0$2,020,051
81$4,615,488$0$0$2,144,602
82$4,899,327$0$0$2,279,289
83$5,206,230$0$0$2,425,067
84$5,538,363$0$0$2,582,983
85$5,898,109$0$0$2,754,189
86$6,288,085$0$0$2,939,951
87$6,711,172$0$0$3,141,664
88$7,170,539$0$0$3,360,859
89$7,669,667$0$0$3,599,223
90$8,212,390$0$0$3,858,610
91$8,802,924$0$0$4,141,061
92$9,445,908$0$0$4,448,821
93$10,146,447$0$0$4,784,361
94$10,910,158$0$0$5,150,403
95$11,743,223$0$0$5,549,939
96$12,652,449$0$0$5,986,264
97$13,645,325$0$0$6,463,008
98$14,730,098$0$0$6,984,162
99$15,915,846$0$0$7,554,125
100$17,212,563$0$0$8,177,738