Can I retire at age 46 with 890,000?

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 $890,000?

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$73,495$72,841$72,202$71,579$70,970$70,170
2 years$36,384$35,706$35,050$34,413$33,795$32,990
3 years$24,015$23,334$22,679$22,049$21,441$20,656
4 years$17,832$17,153$16,505$15,885$15,292$14,532
5 years$14,123$13,448$12,808$12,201$11,625$10,893
6 years$11,651$10,982$10,351$9,757$9,198$8,495
7 years$9,886$9,222$8,602$8,022$7,481$6,807
8 years$8,563$7,905$7,295$6,729$6,206$5,561
9 years$7,534$6,883$6,283$5,732$5,226$4,610
10 years$6,712$6,067$5,478$4,941$4,453$3,865
11 years$6,040$5,401$4,823$4,300$3,830$3,270
12 years$5,480$4,848$4,280$3,772$3,319$2,786
13 years$5,006$4,381$3,824$3,330$2,894$2,388
14 years$4,601$3,982$3,436$2,956$2,537$2,057
15 years$4,250$3,638$3,102$2,636$2,234$1,779
16 years$3,943$3,338$2,812$2,360$1,974$1,544
17 years$3,673$3,074$2,559$2,121$1,750$1,343
18 years$3,432$2,840$2,336$1,911$1,556$1,172
19 years$3,218$2,632$2,139$1,727$1,387$1,025
20 years$3,025$2,446$1,963$1,564$1,239$898
21 years$2,851$2,278$1,805$1,420$1,109$788
22 years$2,692$2,127$1,664$1,291$994$692
23 years$2,548$1,989$1,536$1,175$892$609
24 years$2,416$1,864$1,421$1,072$802$536
25 years$2,295$1,749$1,316$979$722$472
26 years$2,183$1,644$1,221$895$650$417
27 years$2,079$1,547$1,133$819$586$368
28 years$1,984$1,458$1,054$751$529$325
29 years$1,895$1,375$980$688$477$287
30 years$1,812$1,299$913$632$431$254
31 years$1,734$1,228$851$580$390$224
32 years$1,662$1,162$794$533$353$199
33 years$1,594$1,100$742$490$319$176
34 years$1,530$1,043$693$451$289$156
35 years$1,470$989$648$415$262$138
36 years$1,414$939$606$383$237$122
37 years$1,360$892$567$352$215$108
38 years$1,310$847$531$325$195$96
39 years$1,262$806$498$300$177$85
40 years$1,217$767$467$276$160$75
41 years$1,174$730$437$255$145$67
42 years$1,133$695$410$235$132$59
43 years$1,094$662$385$217$120$52
44 years$1,057$631$361$201$109$47
45 years$1,022$602$339$185$99$41
46 years$989$574$319$171$90$37
47 years$957$548$299$158$81$32
48 years$926$523$281$146$74$29
49 years$897$499$265$135$67$26
50 years$869$477$249$125$61$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $890,000, adding $5,504 every year, while hoping to spend $40,515 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: 77/17/6 Blend
45$890,000$890,000$890,000$890,000
46$986,457$939,287$925,492$1,061,437
47$1,043,968$942,205$913,389$1,114,343
48$1,105,988$943,907$899,522$1,166,533
49$1,172,932$944,293$883,789$1,222,556
50$1,245,260$943,252$866,085$1,282,774
51$1,323,476$940,670$846,298$1,347,588
52$1,408,131$936,424$824,310$1,417,438
53$1,499,837$930,385$800,001$1,492,810
54$1,599,260$922,414$773,241$1,574,239
55$1,707,138$912,365$743,898$1,662,316
56$1,824,279$900,084$711,831$1,757,691
57$1,951,573$885,406$676,895$1,861,081
58$2,089,999$868,157$638,937$1,973,276
59$2,240,635$848,152$597,797$2,095,148
60$2,404,666$825,198$553,310$2,227,658
61$2,583,396$799,086$505,299$2,371,864
62$2,778,260$769,599$453,584$2,528,935
63$2,990,838$736,505$397,975$2,700,158
64$3,222,868$699,559$338,272$2,886,952
65$3,476,265$658,501$274,268$3,090,883
66$3,753,135$613,059$205,748$3,313,677
67$4,055,798$562,942$132,484$3,557,236
68$4,386,808$507,845$54,240$3,823,658
69$4,748,977$447,444$0$4,115,257
70$5,145,400$381,396$0$4,436,456
71$5,579,487$309,341$0$4,792,021
72$6,054,993$230,896$0$5,181,595
73$6,576,052$145,660$0$5,608,613
74$7,147,217$53,205$0$6,076,864
75$7,773,504$0$0$6,590,523
76$8,460,437$0$0$7,162,970
77$9,214,099$0$0$7,801,976
78$10,041,191$0$0$8,503,276
79$10,949,095$0$0$9,273,131
80$11,945,942$0$0$10,118,440
81$13,040,689$0$0$11,046,804
82$14,243,202$0$0$12,066,594
83$15,564,351$0$0$13,187,033
84$17,016,109$0$0$14,418,280
85$18,611,669$0$0$15,771,529
86$20,365,564$0$0$17,259,111
87$22,293,805$0$0$18,894,610
88$24,414,031$0$0$20,692,996
89$26,745,677$0$0$22,670,757
90$29,310,155$0$0$24,846,063
91$32,131,058$0$0$27,238,932
92$35,234,378$0$0$29,871,418
93$38,648,753$0$0$32,767,821
94$42,405,740$0$0$35,954,919
95$46,540,106$0$0$39,462,210
96$51,090,161$0$0$43,322,202
97$56,098,114$0$0$47,570,710
98$61,610,476$0$0$52,247,201
99$67,678,496$0$0$57,395,158
100$74,358,641$0$0$63,062,497