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%12.7%
1 years$72,670$72,022$71,391$70,774$70,172$69,382
2 years$35,975$35,305$34,656$34,026$33,415$32,620
3 years$23,745$23,072$22,425$21,801$21,200$20,424
4 years$17,631$16,961$16,319$15,706$15,120$14,369
5 years$13,964$13,297$12,664$12,064$11,494$10,771
6 years$11,520$10,858$10,235$9,648$9,095$8,400
7 years$9,775$9,119$8,505$7,932$7,397$6,730
8 years$8,467$7,816$7,213$6,654$6,136$5,499
9 years$7,450$6,806$6,213$5,668$5,168$4,558
10 years$6,637$5,999$5,416$4,886$4,403$3,822
11 years$5,972$5,340$4,768$4,252$3,787$3,233
12 years$5,418$4,793$4,232$3,729$3,281$2,755
13 years$4,950$4,332$3,781$3,293$2,862$2,361
14 years$4,549$3,937$3,397$2,923$2,508$2,034
15 years$4,202$3,597$3,067$2,607$2,209$1,759
16 years$3,899$3,300$2,781$2,334$1,952$1,526
17 years$3,631$3,039$2,530$2,097$1,731$1,328
18 years$3,394$2,808$2,310$1,890$1,539$1,159
19 years$3,182$2,603$2,115$1,708$1,372$1,013
20 years$2,991$2,419$1,941$1,547$1,225$888
21 years$2,818$2,253$1,785$1,404$1,096$779
22 years$2,662$2,103$1,645$1,276$983$684
23 years$2,519$1,967$1,519$1,162$882$602
24 years$2,389$1,843$1,405$1,060$793$530
25 years$2,269$1,729$1,301$968$714$467
26 years$2,158$1,625$1,207$885$643$412
27 years$2,056$1,530$1,121$810$579$364
28 years$1,961$1,441$1,042$742$523$321
29 years$1,873$1,360$969$681$472$284
30 years$1,791$1,284$903$625$427$251
31 years$1,715$1,214$842$574$386$222
32 years$1,643$1,149$785$527$349$196
33 years$1,576$1,088$733$485$316$174
34 years$1,513$1,031$685$446$286$154
35 years$1,454$978$641$411$259$136
36 years$1,398$928$599$378$235$121
37 years$1,345$882$561$349$213$107
38 years$1,295$838$525$321$193$95
39 years$1,248$797$492$296$175$84
40 years$1,203$758$461$273$159$74
41 years$1,161$721$433$252$144$66
42 years$1,120$687$406$233$131$58
43 years$1,082$655$381$215$118$52
44 years$1,046$624$357$198$108$46
45 years$1,011$595$336$183$98$41
46 years$978$568$315$169$89$36
47 years$946$542$296$156$80$32
48 years$916$517$278$144$73$28
49 years$887$494$262$133$66$25
50 years$859$472$246$123$60$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $880,000, adding $3,077 every year, while hoping to spend $50,665 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: 42/33/25 Blend
45$880,000$880,000$880,000$880,000
46$972,934$926,294$912,654$1,006,561
47$1,018,266$917,775$889,321$1,022,411
48$1,066,524$907,141$863,508$1,034,511
49$1,117,953$894,234$835,078$1,046,618
50$1,172,820$878,888$803,890$1,058,765
51$1,231,421$860,926$769,793$1,070,985
52$1,294,076$840,162$732,632$1,083,325
53$1,361,139$816,398$692,242$1,095,836
54$1,432,998$789,423$648,455$1,108,581
55$1,510,076$759,017$601,090$1,121,635
56$1,592,840$724,945$549,963$1,135,083
57$1,681,800$686,959$494,878$1,149,026
58$1,777,520$644,796$435,632$1,163,582
59$1,880,614$598,178$372,013$1,178,884
60$1,991,760$546,812$303,799$1,195,087
61$2,111,702$490,388$230,758$1,212,368
62$2,241,257$428,578$152,650$1,230,929
63$2,381,322$361,035$69,221$1,251,002
64$2,532,885$287,394$0$1,272,848
65$2,697,030$207,267$0$1,302,050
66$2,874,950$120,247$0$1,353,708
67$3,067,958$25,901$0$1,409,795
68$3,277,494$0$0$1,470,821
69$3,505,146$0$0$1,565,033
70$3,752,659$0$0$1,677,787
71$4,021,954$0$0$1,800,566
72$4,315,141$0$0$1,934,345
73$4,634,547$0$0$2,080,198
74$4,982,729$0$0$2,239,307
75$5,362,502$0$0$2,412,974
76$5,776,966$0$0$2,602,631
77$6,229,530$0$0$2,809,854
78$6,723,951$0$0$3,036,379
79$7,264,361$0$0$3,284,116
80$7,855,313$0$0$3,555,171
81$8,501,815$0$0$3,851,860
82$9,209,387$0$0$4,176,735
83$9,984,103$0$0$4,532,603
84$10,832,654$0$0$4,922,561
85$11,762,407$0$0$5,350,015
86$12,781,478$0$0$5,818,717
87$13,898,802$0$0$6,332,802
88$15,124,221$0$0$6,896,821
89$16,468,577$0$0$7,515,790
90$17,943,811$0$0$8,195,231
91$19,563,074$0$0$8,941,230
92$21,340,856$0$0$9,760,488
93$23,293,116$0$0$10,660,389
94$25,437,434$0$0$11,649,067
95$27,793,178$0$0$12,735,481
96$30,381,683$0$0$13,929,503
97$33,226,454$0$0$15,242,007
98$36,353,386$0$0$16,684,976
99$39,791,007$0$0$18,271,608
100$43,570,746$0$0$20,016,447