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%13%
1 years$71,844$71,204$70,579$69,970$69,375$68,508
2 years$35,566$34,904$34,262$33,639$33,036$32,163
3 years$23,475$22,810$22,170$21,553$20,959$20,109
4 years$17,431$16,768$16,134$15,528$14,948$14,126
5 years$13,805$13,146$12,521$11,927$11,363$10,572
6 years$11,389$10,735$10,118$9,538$8,992$8,231
7 years$9,664$9,015$8,408$7,842$7,313$6,584
8 years$8,371$7,728$7,131$6,578$6,066$5,370
9 years$7,365$6,728$6,142$5,603$5,109$4,444
10 years$6,561$5,931$5,355$4,830$4,353$3,719
11 years$5,904$5,280$4,714$4,204$3,744$3,141
12 years$5,357$4,739$4,184$3,687$3,244$2,671
13 years$4,894$4,282$3,738$3,255$2,829$2,285
14 years$4,498$3,893$3,359$2,890$2,480$1,964
15 years$4,154$3,556$3,032$2,577$2,183$1,695
16 years$3,854$3,263$2,749$2,307$1,930$1,468
17 years$3,590$3,005$2,502$2,073$1,711$1,275
18 years$3,355$2,776$2,284$1,868$1,521$1,110
19 years$3,145$2,573$2,091$1,688$1,356$968
20 years$2,957$2,391$1,919$1,529$1,211$846
21 years$2,786$2,227$1,765$1,388$1,084$741
22 years$2,632$2,079$1,627$1,262$972$649
23 years$2,491$1,945$1,502$1,149$872$570
24 years$2,362$1,822$1,389$1,048$784$501
25 years$2,243$1,710$1,286$957$705$440
26 years$2,134$1,607$1,193$875$635$387
27 years$2,033$1,512$1,108$801$573$341
28 years$1,939$1,425$1,030$734$517$301
29 years$1,852$1,344$958$673$467$265
30 years$1,771$1,270$893$618$422$234
31 years$1,695$1,200$832$567$381$206
32 years$1,624$1,136$777$521$345$182
33 years$1,558$1,075$725$479$312$161
34 years$1,496$1,019$677$441$283$142
35 years$1,437$967$633$406$256$125
36 years$1,382$918$593$374$232$111
37 years$1,330$872$555$345$210$98
38 years$1,280$828$519$318$191$86
39 years$1,234$788$487$293$173$76
40 years$1,189$749$456$270$157$68
41 years$1,147$713$428$249$142$60
42 years$1,108$679$401$230$129$53
43 years$1,070$647$376$212$117$47
44 years$1,034$617$353$196$106$41
45 years$999$588$332$181$97$37
46 years$967$561$312$167$88$32
47 years$935$536$293$154$80$29
48 years$905$511$275$143$72$25
49 years$877$488$259$132$66$22
50 years$849$466$243$122$60$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $870,000, adding $4,571 every year, while hoping to spend $39,853 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: 31/39/30 Blend
45$870,000$870,000$870,000$870,000
46$963,455$917,345$903,860$984,386
47$1,019,324$919,892$891,736$1,003,618
48$1,079,556$921,227$877,870$1,020,523
49$1,144,554$921,251$862,162$1,037,951
50$1,214,761$919,854$844,507$1,055,976
51$1,290,662$916,923$824,794$1,074,683
52$1,372,794$912,336$802,908$1,094,171
53$1,461,743$905,965$778,730$1,114,550
54$1,558,156$897,673$752,133$1,135,945
55$1,662,744$887,314$722,985$1,158,500
56$1,776,288$874,737$691,149$1,182,377
57$1,899,647$859,777$656,480$1,207,757
58$2,033,768$842,263$618,829$1,234,847
59$2,179,691$822,012$578,038$1,263,879
60$2,338,559$798,830$533,943$1,295,114
61$2,511,633$772,514$486,371$1,328,845
62$2,700,299$742,846$435,143$1,365,402
63$2,906,082$709,598$380,073$1,405,154
64$3,130,661$672,527$320,964$1,448,515
65$3,375,883$631,376$257,611$1,495,948
66$3,643,784$585,874$189,802$1,547,971
67$3,936,604$535,735$117,314$1,605,163
68$4,256,807$480,656$39,913$1,668,170
69$4,607,109$420,316$0$1,737,714
70$4,990,499$354,376$0$1,828,262
71$5,410,269$282,480$0$1,941,571
72$5,870,043$204,249$0$2,065,933
73$6,373,815$119,284$0$2,202,549
74$6,925,980$27,164$0$2,352,747
75$7,531,379$0$0$2,517,998
76$8,195,346$0$0$2,731,069
77$8,923,755$0$0$2,977,746
78$9,723,074$0$0$3,248,580
79$10,600,431$0$0$3,546,002
80$11,563,674$0$0$3,872,693
81$12,621,451$0$0$4,231,604
82$13,783,287$0$0$4,625,986
83$15,059,676$0$0$5,059,422
84$16,462,177$0$0$5,535,859
85$18,003,525$0$0$6,059,643
86$19,697,750$0$0$6,635,567
87$21,560,309$0$0$7,268,907
88$23,608,231$0$0$7,965,477
89$25,860,276$0$0$8,731,684
90$28,337,117$0$0$9,574,588
91$31,061,527$0$0$10,501,963
92$34,058,598$0$0$11,522,381
93$37,355,978$0$0$12,645,281
94$40,984,127$0$0$13,881,067
95$44,976,610$0$0$15,241,201
96$49,370,407$0$0$16,738,313
97$54,206,266$0$0$18,386,320
98$59,529,086$0$0$20,200,555
99$65,388,337$0$0$22,197,916
100$71,838,531$0$0$24,397,020