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%15.7%
1 years$73,495$72,841$72,202$71,579$70,970$69,310
2 years$36,384$35,706$35,050$34,413$33,795$32,133
3 years$24,015$23,334$22,679$22,049$21,441$19,828
4 years$17,832$17,153$16,505$15,885$15,292$13,740
5 years$14,123$13,448$12,808$12,201$11,625$10,138
6 years$11,651$10,982$10,351$9,757$9,198$7,779
7 years$9,886$9,222$8,602$8,022$7,481$6,129
8 years$8,563$7,905$7,295$6,729$6,206$4,921
9 years$7,534$6,883$6,283$5,732$5,226$4,007
10 years$6,712$6,067$5,478$4,941$4,453$3,299
11 years$6,040$5,401$4,823$4,300$3,830$2,739
12 years$5,480$4,848$4,280$3,772$3,319$2,289
13 years$5,006$4,381$3,824$3,330$2,894$1,923
14 years$4,601$3,982$3,436$2,956$2,537$1,623
15 years$4,250$3,638$3,102$2,636$2,234$1,375
16 years$3,943$3,338$2,812$2,360$1,974$1,169
17 years$3,673$3,074$2,559$2,121$1,750$996
18 years$3,432$2,840$2,336$1,911$1,556$850
19 years$3,218$2,632$2,139$1,727$1,387$727
20 years$3,025$2,446$1,963$1,564$1,239$623
21 years$2,851$2,278$1,805$1,420$1,109$534
22 years$2,692$2,127$1,664$1,291$994$458
23 years$2,548$1,989$1,536$1,175$892$394
24 years$2,416$1,864$1,421$1,072$802$339
25 years$2,295$1,749$1,316$979$722$292
26 years$2,183$1,644$1,221$895$650$251
27 years$2,079$1,547$1,133$819$586$216
28 years$1,984$1,458$1,054$751$529$187
29 years$1,895$1,375$980$688$477$161
30 years$1,812$1,299$913$632$431$139
31 years$1,734$1,228$851$580$390$120
32 years$1,662$1,162$794$533$353$103
33 years$1,594$1,100$742$490$319$89
34 years$1,530$1,043$693$451$289$77
35 years$1,470$989$648$415$262$66
36 years$1,414$939$606$383$237$57
37 years$1,360$892$567$352$215$50
38 years$1,310$847$531$325$195$43
39 years$1,262$806$498$300$177$37
40 years$1,217$767$467$276$160$32
41 years$1,174$730$437$255$145$28
42 years$1,133$695$410$235$132$24
43 years$1,094$662$385$217$120$21
44 years$1,057$631$361$201$109$18
45 years$1,022$602$339$185$99$15
46 years$989$574$319$171$90$13
47 years$957$548$299$158$81$11
48 years$926$523$281$146$74$10
49 years$897$499$265$135$67$9
50 years$869$477$249$125$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $890,000, adding $3,498 every year, while hoping to spend $21,801 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: 67/20/13 Blend
45$890,000$890,000$890,000$890,000
46$984,388$937,218$923,423$1,047,210
47$1,061,600$959,946$931,162$1,112,238
48$1,145,956$983,056$938,429$1,180,407
49$1,238,163$1,006,546$945,186$1,254,385
50$1,338,998$1,030,408$951,392$1,334,740
51$1,449,316$1,054,639$957,003$1,422,096
52$1,570,059$1,079,229$961,976$1,517,140
53$1,702,265$1,104,171$966,262$1,620,632
54$1,847,075$1,129,455$969,811$1,733,406
55$2,005,749$1,155,070$972,572$1,856,381
56$2,179,671$1,181,004$974,488$1,990,570
57$2,370,367$1,207,242$975,503$2,137,089
58$2,579,517$1,233,770$975,556$2,297,168
59$2,808,973$1,260,570$974,582$2,472,161
60$3,060,773$1,287,624$972,516$2,663,561
61$3,337,164$1,314,909$969,287$2,873,012
62$3,640,618$1,342,403$964,821$3,102,326
63$3,973,862$1,370,081$959,043$3,353,499
64$4,339,896$1,397,915$951,871$3,628,732
65$4,742,027$1,425,875$943,221$3,930,447
66$5,183,899$1,453,928$933,004$4,261,317
67$5,669,525$1,482,038$921,128$4,624,285
68$6,203,326$1,510,168$907,495$5,022,593
69$6,790,173$1,538,274$892,004$5,459,817
70$7,435,433$1,566,311$874,548$5,939,895
71$8,145,018$1,594,232$855,017$6,467,166
72$8,925,443$1,621,982$833,293$7,046,415
73$9,783,885$1,649,506$809,255$7,682,913
74$10,728,251$1,676,742$782,775$8,382,468
75$11,767,254$1,703,624$753,719$9,151,481
76$12,910,495$1,730,082$721,950$9,997,007
77$14,168,550$1,756,041$687,319$10,926,821
78$15,553,073$1,781,418$649,676$11,949,490
79$17,076,908$1,806,129$608,861$13,074,456
80$18,754,202$1,830,078$564,708$14,312,124
81$20,600,547$1,853,168$517,042$15,673,962
82$22,633,121$1,875,292$465,681$17,172,607
83$24,870,855$1,896,337$410,437$18,821,987
84$27,334,606$1,916,181$351,110$20,637,449
85$30,047,357$1,934,696$287,494$22,635,910
86$33,034,435$1,951,744$219,373$24,836,009
87$36,323,746$1,967,177$146,520$27,258,290
88$39,946,039$1,980,841$68,700$29,925,394
89$43,935,201$1,992,568$0$32,862,271
90$48,328,570$2,002,181$0$36,098,409
91$53,167,289$2,009,494$0$39,672,419
92$58,496,698$2,014,304$0$43,608,196
93$64,366,756$2,016,400$0$47,942,581
94$70,832,517$2,015,555$0$52,716,176
95$77,954,647$2,011,531$0$57,973,722
96$85,799,996$2,004,071$0$63,764,525
97$94,442,231$1,992,906$0$70,142,917
98$103,962,529$1,977,749$0$77,168,775
99$114,450,344$1,958,295$0$84,908,083
100$126,004,251$1,934,223$0$93,433,554