Can I retire at age 46 with 880,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$72,670$72,022$71,391$70,774$70,172$69,210
2 years$35,975$35,305$34,656$34,026$33,415$32,447
3 years$23,745$23,072$22,425$21,801$21,200$20,256
4 years$17,631$16,961$16,319$15,706$15,120$14,208
5 years$13,964$13,297$12,664$12,064$11,494$10,617
6 years$11,520$10,858$10,235$9,648$9,095$8,253
7 years$9,775$9,119$8,505$7,932$7,397$6,591
8 years$8,467$7,816$7,213$6,654$6,136$5,366
9 years$7,450$6,806$6,213$5,668$5,168$4,433
10 years$6,637$5,999$5,416$4,886$4,403$3,703
11 years$5,972$5,340$4,768$4,252$3,787$3,121
12 years$5,418$4,793$4,232$3,729$3,281$2,649
13 years$4,950$4,332$3,781$3,293$2,862$2,262
14 years$4,549$3,937$3,397$2,923$2,508$1,940
15 years$4,202$3,597$3,067$2,607$2,209$1,671
16 years$3,899$3,300$2,781$2,334$1,952$1,444
17 years$3,631$3,039$2,530$2,097$1,731$1,252
18 years$3,394$2,808$2,310$1,890$1,539$1,087
19 years$3,182$2,603$2,115$1,708$1,372$947
20 years$2,991$2,419$1,941$1,547$1,225$826
21 years$2,818$2,253$1,785$1,404$1,096$721
22 years$2,662$2,103$1,645$1,276$983$631
23 years$2,519$1,967$1,519$1,162$882$552
24 years$2,389$1,843$1,405$1,060$793$484
25 years$2,269$1,729$1,301$968$714$424
26 years$2,158$1,625$1,207$885$643$373
27 years$2,056$1,530$1,121$810$579$327
28 years$1,961$1,441$1,042$742$523$288
29 years$1,873$1,360$969$681$472$253
30 years$1,791$1,284$903$625$427$223
31 years$1,715$1,214$842$574$386$196
32 years$1,643$1,149$785$527$349$172
33 years$1,576$1,088$733$485$316$152
34 years$1,513$1,031$685$446$286$134
35 years$1,454$978$641$411$259$118
36 years$1,398$928$599$378$235$104
37 years$1,345$882$561$349$213$92
38 years$1,295$838$525$321$193$81
39 years$1,248$797$492$296$175$71
40 years$1,203$758$461$273$159$63
41 years$1,161$721$433$252$144$55
42 years$1,120$687$406$233$131$49
43 years$1,082$655$381$215$118$43
44 years$1,046$624$357$198$108$38
45 years$1,011$595$336$183$98$34
46 years$978$568$315$169$89$30
47 years$946$542$296$156$80$26
48 years$916$517$278$144$73$23
49 years$887$494$262$133$66$20
50 years$859$472$246$123$60$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $880,000, adding $6,264 every year, while hoping to spend $53,434 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: 36/40/24 Blend
45$880,000$880,000$880,000$880,000
46$976,221$929,581$915,941$1,004,113
47$1,018,943$918,277$889,772$1,013,902
48$1,064,230$904,629$860,935$1,019,104
49$1,112,290$888,464$829,285$1,023,656
50$1,163,347$869,602$794,669$1,027,533
51$1,217,646$847,850$756,928$1,030,713
52$1,275,456$823,004$715,895$1,033,175
53$1,337,071$794,850$671,396$1,034,903
54$1,402,814$763,160$623,250$1,035,883
55$1,473,037$727,691$571,265$1,036,109
56$1,548,129$688,189$515,244$1,035,576
57$1,628,511$644,384$454,978$1,034,289
58$1,714,651$595,991$390,252$1,032,259
59$1,807,059$542,707$320,838$1,029,506
60$1,906,293$484,214$246,500$1,026,059
61$2,012,969$420,175$166,992$1,021,960
62$2,127,761$350,233$82,056$1,017,263
63$2,251,411$274,012$0$1,012,038
64$2,384,731$191,115$0$1,008,570
65$2,528,616$101,122$0$1,027,333
66$2,684,047$3,589$0$1,047,496
67$2,852,104$0$0$1,069,290
68$3,033,972$0$0$1,137,852
69$3,230,956$0$0$1,213,927
70$3,444,490$0$0$1,296,503
71$3,676,149$0$0$1,386,202
72$3,927,667$0$0$1,483,710
73$4,200,952$0$0$1,589,781
74$4,498,100$0$0$1,705,246
75$4,821,420$0$0$1,831,018
76$5,173,451$0$0$1,968,101
77$5,556,987$0$0$2,117,601
78$5,975,103$0$0$2,280,737
79$6,431,182$0$0$2,458,847
80$6,928,950$0$0$2,653,407
81$7,472,507$0$0$2,866,040
82$8,066,366$0$0$3,098,534
83$8,715,496$0$0$3,352,858
84$9,425,367$0$0$3,631,179
85$10,202,003$0$0$3,935,882
86$11,052,037$0$0$4,269,597
87$11,982,771$0$0$4,635,216
88$13,002,248$0$0$5,035,927
89$14,119,324$0$0$5,475,241
90$15,343,754$0$0$5,957,022
91$16,686,280$0$0$6,485,529
92$18,158,733$0$0$7,065,452
93$19,774,147$0$0$7,701,956
94$21,546,873$0$0$8,400,733
95$23,492,725$0$0$9,168,050
96$25,629,117$0$0$10,010,812
97$27,975,236$0$0$10,936,626
98$30,552,215$0$0$11,953,871
99$33,383,337$0$0$13,071,779
100$36,494,249$0$0$14,300,520