Can I retire at age 46 with 900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$74,321$73,659$73,013$72,383$71,767$70,782
2 years$36,793$36,107$35,443$34,799$34,175$33,184
3 years$24,285$23,597$22,934$22,296$21,682$20,717
4 years$18,032$17,346$16,690$16,063$15,464$14,531
5 years$14,281$13,599$12,952$12,338$11,755$10,858
6 years$11,782$11,105$10,467$9,867$9,302$8,441
7 years$9,997$9,326$8,698$8,112$7,565$6,740
8 years$8,659$7,994$7,377$6,805$6,276$5,488
9 years$7,619$6,960$6,354$5,796$5,285$4,533
10 years$6,787$6,135$5,539$4,997$4,503$3,787
11 years$6,108$5,462$4,877$4,348$3,873$3,192
12 years$5,541$4,902$4,328$3,814$3,356$2,709
13 years$5,063$4,430$3,867$3,367$2,927$2,313
14 years$4,653$4,027$3,474$2,989$2,565$1,984
15 years$4,298$3,679$3,137$2,666$2,259$1,709
16 years$3,987$3,375$2,844$2,387$1,996$1,477
17 years$3,714$3,108$2,588$2,145$1,770$1,280
18 years$3,471$2,872$2,362$1,933$1,574$1,112
19 years$3,254$2,662$2,163$1,746$1,403$968
20 years$3,059$2,474$1,985$1,582$1,253$844
21 years$2,883$2,304$1,826$1,436$1,121$737
22 years$2,722$2,151$1,683$1,305$1,005$645
23 years$2,577$2,012$1,554$1,189$902$565
24 years$2,443$1,885$1,437$1,084$811$495
25 years$2,320$1,769$1,331$990$730$434
26 years$2,207$1,662$1,234$905$657$381
27 years$2,103$1,564$1,146$829$593$335
28 years$2,006$1,474$1,065$759$535$294
29 years$1,916$1,391$991$696$483$259
30 years$1,832$1,313$924$639$436$228
31 years$1,754$1,242$861$587$394$200
32 years$1,680$1,175$803$539$357$176
33 years$1,612$1,113$750$496$323$155
34 years$1,547$1,054$701$456$292$137
35 years$1,487$1,000$655$420$265$121
36 years$1,429$949$613$387$240$106
37 years$1,375$902$574$356$217$94
38 years$1,324$857$537$329$197$83
39 years$1,276$815$503$303$179$73
40 years$1,230$775$472$279$162$64
41 years$1,187$738$442$258$147$57
42 years$1,146$703$415$238$133$50
43 years$1,107$670$389$220$121$44
44 years$1,069$638$366$203$110$39
45 years$1,034$609$343$187$100$34
46 years$1,000$581$322$173$91$30
47 years$968$554$303$160$82$27
48 years$937$529$285$148$75$24
49 years$907$505$267$136$68$21
50 years$879$482$251$126$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $900,000, adding $6,920 every year, while hoping to spend $25,616 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: 64/29/7 Blend
45$900,000$900,000$900,000$900,000
46$998,938$951,238$937,288$1,061,131
47$1,073,574$970,593$941,432$1,122,773
48$1,154,965$990,039$944,856$1,186,410
49$1,243,772$1,009,551$947,509$1,255,244
50$1,340,724$1,029,106$949,338$1,329,778
51$1,446,623$1,048,678$950,286$1,410,566
52$1,562,352$1,068,236$950,293$1,498,217
53$1,688,882$1,087,750$949,299$1,593,403
54$1,827,284$1,107,186$947,237$1,696,863
55$1,978,737$1,126,508$944,039$1,809,413
56$2,144,537$1,145,676$939,633$1,931,952
57$2,326,114$1,164,648$933,945$2,065,467
58$2,525,042$1,183,379$926,896$2,211,051
59$2,743,052$1,201,821$918,403$2,369,904
60$2,982,054$1,219,921$908,380$2,543,350
61$3,244,148$1,237,622$896,736$2,732,848
62$3,531,652$1,254,866$883,377$2,940,006
63$3,847,113$1,271,587$868,203$3,166,595
64$4,193,342$1,287,718$851,111$3,414,569
65$4,573,431$1,303,185$831,991$3,686,079
66$4,990,789$1,317,908$810,731$3,983,497
67$5,449,169$1,331,806$787,211$4,309,437
68$5,952,709$1,344,789$761,306$4,666,779
69$6,505,962$1,356,760$732,887$5,058,698
70$7,113,949$1,367,620$701,817$5,488,694
71$7,782,198$1,377,260$667,955$5,960,623
72$8,516,801$1,385,565$631,150$6,478,736
73$9,324,470$1,392,413$591,249$7,047,718
74$10,212,598$1,397,673$548,088$7,672,732
75$11,189,332$1,401,208$501,497$8,359,470
76$12,263,647$1,402,870$451,300$9,114,204
77$13,445,431$1,402,502$397,311$9,943,848
78$14,745,580$1,399,940$339,336$10,856,021
79$16,176,099$1,395,007$277,174$11,859,124
80$17,750,215$1,387,516$210,613$12,962,412
81$19,482,501$1,377,269$139,433$14,176,087
82$21,389,017$1,364,056$63,404$15,511,396
83$23,487,454$1,347,652$0$16,980,732
84$25,797,311$1,327,823$0$18,599,079
85$28,340,067$1,304,318$0$20,385,310
86$31,139,396$1,276,871$0$22,351,297
87$34,221,378$1,245,201$0$24,515,350
88$37,614,753$1,209,011$0$26,897,649
89$41,351,191$1,167,986$0$29,520,432
90$45,465,587$1,121,792$0$32,408,211
91$49,996,394$1,070,076$0$35,587,997
92$54,985,982$1,012,466$0$39,089,560
93$60,481,043$948,567$0$42,945,710
94$66,533,023$877,961$0$47,192,606
95$73,198,618$800,207$0$51,870,098
96$80,540,299$714,839$0$57,022,105
97$88,626,907$621,364$0$62,697,029
98$97,534,301$519,260$0$68,948,214
99$107,346,074$407,979$0$75,834,448
100$118,154,341$286,937$0$83,420,521