Can I retire at age 46 with 900,000?

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 $900,000?

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$74,321$73,659$73,013$72,383$71,767$70,089
2 years$36,793$36,107$35,443$34,799$34,175$32,494
3 years$24,285$23,597$22,934$22,296$21,682$20,050
4 years$18,032$17,346$16,690$16,063$15,464$13,894
5 years$14,281$13,599$12,952$12,338$11,755$10,252
6 years$11,782$11,105$10,467$9,867$9,302$7,867
7 years$9,997$9,326$8,698$8,112$7,565$6,198
8 years$8,659$7,994$7,377$6,805$6,276$4,976
9 years$7,619$6,960$6,354$5,796$5,285$4,053
10 years$6,787$6,135$5,539$4,997$4,503$3,336
11 years$6,108$5,462$4,877$4,348$3,873$2,769
12 years$5,541$4,902$4,328$3,814$3,356$2,314
13 years$5,063$4,430$3,867$3,367$2,927$1,945
14 years$4,653$4,027$3,474$2,989$2,565$1,642
15 years$4,298$3,679$3,137$2,666$2,259$1,391
16 years$3,987$3,375$2,844$2,387$1,996$1,182
17 years$3,714$3,108$2,588$2,145$1,770$1,007
18 years$3,471$2,872$2,362$1,933$1,574$859
19 years$3,254$2,662$2,163$1,746$1,403$735
20 years$3,059$2,474$1,985$1,582$1,253$630
21 years$2,883$2,304$1,826$1,436$1,121$540
22 years$2,722$2,151$1,683$1,305$1,005$464
23 years$2,577$2,012$1,554$1,189$902$398
24 years$2,443$1,885$1,437$1,084$811$343
25 years$2,320$1,769$1,331$990$730$295
26 years$2,207$1,662$1,234$905$657$254
27 years$2,103$1,564$1,146$829$593$219
28 years$2,006$1,474$1,065$759$535$189
29 years$1,916$1,391$991$696$483$163
30 years$1,832$1,313$924$639$436$140
31 years$1,754$1,242$861$587$394$121
32 years$1,680$1,175$803$539$357$104
33 years$1,612$1,113$750$496$323$90
34 years$1,547$1,054$701$456$292$78
35 years$1,487$1,000$655$420$265$67
36 years$1,429$949$613$387$240$58
37 years$1,375$902$574$356$217$50
38 years$1,324$857$537$329$197$43
39 years$1,276$815$503$303$179$37
40 years$1,230$775$472$279$162$32
41 years$1,187$738$442$258$147$28
42 years$1,146$703$415$238$133$24
43 years$1,107$670$389$220$121$21
44 years$1,069$638$366$203$110$18
45 years$1,034$609$343$187$100$16
46 years$1,000$581$322$173$91$13
47 years$968$554$303$160$82$12
48 years$937$529$285$148$75$10
49 years$907$505$267$136$68$9
50 years$879$482$251$126$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $900,000, adding $4,192 every year, while hoping to spend $45,181 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: 82/11/7 Blend
45$900,000$900,000$900,000$900,000
46$996,124$948,424$934,474$1,076,786
47$1,049,656$946,825$917,707$1,128,550
48$1,107,135$943,632$898,863$1,178,896
49$1,168,914$938,722$877,827$1,232,777
50$1,235,384$931,960$854,474$1,290,519
51$1,306,971$923,204$828,678$1,352,484
52$1,384,147$912,305$800,302$1,419,068
53$1,467,425$899,104$769,208$1,490,711
54$1,557,375$883,432$735,249$1,567,894
55$1,654,617$865,111$698,270$1,651,149
56$1,759,838$843,951$658,112$1,741,061
57$1,873,789$819,752$614,606$1,838,276
58$1,997,299$792,303$567,579$1,943,503
59$2,131,276$761,379$516,846$2,057,526
60$2,276,723$726,743$462,216$2,181,209
61$2,434,738$688,143$403,490$2,315,503
62$2,606,534$645,314$340,459$2,461,456
63$2,793,441$597,975$272,906$2,620,224
64$2,996,926$545,830$200,602$2,793,080
65$3,218,600$488,564$123,310$2,981,429
66$3,460,239$425,845$40,783$3,186,818
67$3,723,796$357,324$0$3,410,953
68$4,011,419$282,629$0$3,659,246
69$4,325,476$201,370$0$3,933,719
70$4,668,570$113,133$0$4,233,628
71$5,043,570$17,482$0$4,561,515
72$5,453,633$0$0$4,920,178
73$5,902,233$0$0$5,323,119
74$6,393,199$0$0$5,766,449
75$6,930,746$0$0$6,251,860
76$7,519,513$0$0$6,783,546
77$8,164,613$0$0$7,366,125
78$8,871,673$0$0$8,004,683
79$9,646,892$0$0$8,704,821
80$10,497,099$0$0$9,472,708
81$11,429,813$0$0$10,315,140
82$12,453,317$0$0$11,239,600
83$13,576,735$0$0$12,254,333
84$14,810,117$0$0$13,368,421
85$16,164,533$0$0$14,591,866
86$17,652,179$0$0$15,935,687
87$19,286,488$0$0$17,412,026
88$21,082,262$0$0$19,034,254
89$23,055,804$0$0$20,817,105
90$25,225,076$0$0$22,776,810
91$27,609,868$0$0$24,931,250
92$30,231,982$0$0$27,300,125
93$33,115,437$0$0$29,905,142
94$36,286,699$0$0$32,770,213
95$39,774,923$0$0$35,921,685
96$43,612,237$0$0$39,388,589
97$47,834,035$0$0$43,202,907
98$52,479,317$0$0$47,399,882
99$57,591,053$0$0$52,018,342
100$63,216,590$0$0$57,101,070