Can I retire at age 46 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$72,670$72,022$71,391$70,774$70,172$68,476
2 years$35,975$35,305$34,656$34,026$33,415$31,717
3 years$23,745$23,072$22,425$21,801$21,200$19,552
4 years$17,631$16,961$16,319$15,706$15,120$13,535
5 years$13,964$13,297$12,664$12,064$11,494$9,977
6 years$11,520$10,858$10,235$9,648$9,095$7,647
7 years$9,775$9,119$8,505$7,932$7,397$6,018
8 years$8,467$7,816$7,213$6,654$6,136$4,826
9 years$7,450$6,806$6,213$5,668$5,168$3,926
10 years$6,637$5,999$5,416$4,886$4,403$3,227
11 years$5,972$5,340$4,768$4,252$3,787$2,676
12 years$5,418$4,793$4,232$3,729$3,281$2,233
13 years$4,950$4,332$3,781$3,293$2,862$1,874
14 years$4,549$3,937$3,397$2,923$2,508$1,580
15 years$4,202$3,597$3,067$2,607$2,209$1,336
16 years$3,899$3,300$2,781$2,334$1,952$1,134
17 years$3,631$3,039$2,530$2,097$1,731$965
18 years$3,394$2,808$2,310$1,890$1,539$822
19 years$3,182$2,603$2,115$1,708$1,372$702
20 years$2,991$2,419$1,941$1,547$1,225$601
21 years$2,818$2,253$1,785$1,404$1,096$514
22 years$2,662$2,103$1,645$1,276$983$441
23 years$2,519$1,967$1,519$1,162$882$378
24 years$2,389$1,843$1,405$1,060$793$325
25 years$2,269$1,729$1,301$968$714$279
26 years$2,158$1,625$1,207$885$643$240
27 years$2,056$1,530$1,121$810$579$206
28 years$1,961$1,441$1,042$742$523$178
29 years$1,873$1,360$969$681$472$153
30 years$1,791$1,284$903$625$427$132
31 years$1,715$1,214$842$574$386$113
32 years$1,643$1,149$785$527$349$98
33 years$1,576$1,088$733$485$316$84
34 years$1,513$1,031$685$446$286$73
35 years$1,454$978$641$411$259$63
36 years$1,398$928$599$378$235$54
37 years$1,345$882$561$349$213$47
38 years$1,295$838$525$321$193$40
39 years$1,248$797$492$296$175$35
40 years$1,203$758$461$273$159$30
41 years$1,161$721$433$252$144$26
42 years$1,120$687$406$233$131$22
43 years$1,082$655$381$215$118$19
44 years$1,046$624$357$198$108$17
45 years$1,011$595$336$183$98$14
46 years$978$568$315$169$89$12
47 years$946$542$296$156$80$11
48 years$916$517$278$144$73$9
49 years$887$494$262$133$66$8
50 years$859$472$246$123$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $880,000, adding $2,629 every year, while hoping to spend $29,856 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: 74/20/6 Blend
45$880,000$880,000$880,000$880,000
46$972,472$925,832$912,192$1,043,599
47$1,039,897$939,431$910,984$1,104,371
48$1,113,200$952,696$908,734$1,166,879
49$1,192,947$965,579$905,378$1,234,495
50$1,279,763$978,028$900,844$1,307,716
51$1,374,337$989,989$895,060$1,387,086
52$1,477,424$1,001,403$887,949$1,473,204
53$1,589,858$1,012,209$879,432$1,566,732
54$1,712,554$1,022,338$869,424$1,668,399
55$1,846,523$1,031,720$857,838$1,779,006
56$1,992,874$1,040,280$844,581$1,899,437
57$2,152,829$1,047,937$829,557$2,030,668
58$2,327,736$1,054,604$812,665$2,173,772
59$2,519,076$1,060,190$793,800$2,329,930
60$2,728,480$1,064,598$772,851$2,500,448
61$2,957,746$1,067,724$749,703$2,686,761
62$3,208,853$1,069,459$724,234$2,890,453
63$3,483,979$1,069,686$696,319$3,113,269
64$3,785,525$1,068,280$665,825$3,357,131
65$4,116,133$1,065,110$632,615$3,624,158
66$4,478,714$1,060,036$596,543$3,916,687
67$4,876,474$1,052,910$557,459$4,237,292
68$5,312,945$1,043,573$515,205$4,588,809
69$5,792,018$1,031,860$469,616$4,974,366
70$6,317,975$1,017,593$420,520$5,397,409
71$6,895,539$1,000,585$367,737$5,861,737
72$7,529,907$980,637$311,080$6,371,538
73$8,226,809$957,539$250,352$6,931,425
74$8,992,553$931,068$185,348$7,546,485
75$9,834,091$900,989$115,855$8,222,324
76$10,759,081$867,050$41,650$8,965,122
77$11,775,961$828,989$0$9,781,688
78$12,894,025$786,526$0$10,681,933
79$14,123,515$739,364$0$11,674,729
80$15,475,713$687,193$0$12,766,542
81$16,963,050$629,680$0$13,967,440
82$18,599,224$566,477$0$15,288,520
83$20,399,325$497,214$0$16,742,009
84$22,379,979$421,501$0$18,341,386
85$24,559,508$338,926$0$20,101,504
86$26,958,098$249,053$0$22,038,733
87$29,597,989$151,422$0$24,171,113
88$32,503,690$45,547$0$26,518,529
89$35,702,203$0$0$29,102,893
90$39,223,283$0$0$31,963,560
91$43,099,716$0$0$35,124,013
92$47,367,629$0$0$38,603,688
93$52,066,829$0$0$42,435,046
94$57,241,179$0$0$46,653,856
95$62,939,015$0$0$51,299,534
96$69,213,596$0$0$56,415,511
97$76,123,611$0$0$62,049,646
98$83,733,729$0$0$68,254,675
99$92,115,212$0$0$75,088,709
100$101,346,588$0$0$82,615,785