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%18.3%
1 years$74,321$73,659$73,013$72,383$71,767$69,359
2 years$36,793$36,107$35,443$34,799$34,175$31,772
3 years$24,285$23,597$22,934$22,296$21,682$19,361
4 years$18,032$17,346$16,690$16,063$15,464$13,241
5 years$14,281$13,599$12,952$12,338$11,755$9,638
6 years$11,782$11,105$10,467$9,867$9,302$7,290
7 years$9,997$9,326$8,698$8,112$7,565$5,660
8 years$8,659$7,994$7,377$6,805$6,276$4,476
9 years$7,619$6,960$6,354$5,796$5,285$3,588
10 years$6,787$6,135$5,539$4,997$4,503$2,906
11 years$6,108$5,462$4,877$4,348$3,873$2,372
12 years$5,541$4,902$4,328$3,814$3,356$1,949
13 years$5,063$4,430$3,867$3,367$2,927$1,609
14 years$4,653$4,027$3,474$2,989$2,565$1,334
15 years$4,298$3,679$3,137$2,666$2,259$1,110
16 years$3,987$3,375$2,844$2,387$1,996$925
17 years$3,714$3,108$2,588$2,145$1,770$774
18 years$3,471$2,872$2,362$1,933$1,574$648
19 years$3,254$2,662$2,163$1,746$1,403$543
20 years$3,059$2,474$1,985$1,582$1,253$456
21 years$2,883$2,304$1,826$1,436$1,121$384
22 years$2,722$2,151$1,683$1,305$1,005$323
23 years$2,577$2,012$1,554$1,189$902$272
24 years$2,443$1,885$1,437$1,084$811$229
25 years$2,320$1,769$1,331$990$730$193
26 years$2,207$1,662$1,234$905$657$163
27 years$2,103$1,564$1,146$829$593$137
28 years$2,006$1,474$1,065$759$535$116
29 years$1,916$1,391$991$696$483$98
30 years$1,832$1,313$924$639$436$83
31 years$1,754$1,242$861$587$394$70
32 years$1,680$1,175$803$539$357$59
33 years$1,612$1,113$750$496$323$50
34 years$1,547$1,054$701$456$292$42
35 years$1,487$1,000$655$420$265$36
36 years$1,429$949$613$387$240$30
37 years$1,375$902$574$356$217$25
38 years$1,324$857$537$329$197$21
39 years$1,276$815$503$303$179$18
40 years$1,230$775$472$279$162$15
41 years$1,187$738$442$258$147$13
42 years$1,146$703$415$238$133$11
43 years$1,107$670$389$220$121$9
44 years$1,069$638$366$203$110$8
45 years$1,034$609$343$187$100$7
46 years$1,000$581$322$173$91$6
47 years$968$554$303$160$82$5
48 years$937$529$285$148$75$4
49 years$907$505$267$136$68$3
50 years$879$482$251$126$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $900,000, adding $5,461 every year, while hoping to spend $52,260 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: 38/32/30 Blend
45$900,000$900,000$900,000$900,000
46$997,433$949,733$935,783$1,026,268
47$1,043,567$940,666$911,528$1,038,972
48$1,092,655$929,403$884,708$1,047,545
49$1,144,943$915,781$855,183$1,055,831
50$1,200,701$899,628$822,806$1,063,839
51$1,260,225$880,761$787,421$1,071,585
52$1,323,836$858,987$748,869$1,079,089
53$1,391,891$834,101$706,979$1,086,377
54$1,464,777$805,886$661,576$1,093,487
55$1,542,922$774,111$612,477$1,100,462
56$1,626,793$738,536$559,487$1,107,357
57$1,716,903$698,901$502,407$1,114,238
58$1,813,816$654,936$441,027$1,121,186
59$1,918,150$606,353$375,126$1,128,295
60$2,030,585$552,848$304,477$1,135,677
61$2,151,867$494,100$228,839$1,143,462
62$2,282,816$429,769$147,964$1,151,803
63$2,424,333$359,498$61,590$1,160,876
64$2,577,407$282,906$0$1,170,883
65$2,743,128$199,593$0$1,191,849
66$2,922,691$109,137$0$1,235,927
67$3,117,412$11,092$0$1,283,782
68$3,328,738$0$0$1,335,859
69$3,558,260$0$0$1,426,115
70$3,807,727$0$0$1,528,568
71$4,079,066$0$0$1,640,116
72$4,374,394$0$0$1,761,644
73$4,696,043$0$0$1,894,127
74$5,046,576$0$0$2,038,637
75$5,428,818$0$0$2,196,352
76$5,845,874$0$0$2,368,572
77$6,301,164$0$0$2,556,727
78$6,798,453$0$0$2,762,390
79$7,341,884$0$0$2,987,295
80$7,936,020$0$0$3,233,349
81$8,585,883$0$0$3,502,652
82$9,297,005$0$0$3,797,519
83$10,075,475$0$0$4,120,497
84$10,928,000$0$0$4,474,391
85$11,861,964$0$0$4,862,291
86$12,885,500$0$0$5,287,598
87$14,007,567$0$0$5,754,062
88$15,238,028$0$0$6,265,810
89$16,587,749$0$0$6,827,389
90$18,068,698$0$0$7,443,806
91$19,694,058$0$0$8,120,578
92$21,478,348$0$0$8,863,782
93$23,437,564$0$0$9,680,113
94$25,589,325$0$0$10,576,945
95$27,953,042$0$0$11,562,401
96$30,550,096$0$0$12,645,433
97$33,404,044$0$0$13,835,899
98$36,540,837$0$0$15,144,662
99$39,989,064$0$0$16,583,690
100$43,780,224$0$0$18,166,169