Can I retire at age 46 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$75,147$74,478$73,825$73,187$72,565$72,229
2 years$37,201$36,509$35,837$35,186$34,555$34,215
3 years$24,555$23,859$23,189$22,544$21,923$21,591
4 years$18,232$17,539$16,876$16,242$15,636$15,314
5 years$14,440$13,751$13,096$12,475$11,886$11,575
6 years$11,913$11,228$10,584$9,977$9,405$9,105
7 years$10,108$9,430$8,795$8,202$7,649$7,360
8 years$8,755$8,083$7,459$6,881$6,345$6,068
9 years$7,704$7,038$6,424$5,861$5,344$5,078
10 years$6,863$6,203$5,601$5,052$4,553$4,299
11 years$6,175$5,522$4,931$4,397$3,916$3,672
12 years$5,603$4,957$4,376$3,857$3,393$3,161
13 years$5,119$4,479$3,910$3,405$2,959$2,737
14 years$4,704$4,072$3,513$3,022$2,594$2,382
15 years$4,345$3,719$3,172$2,695$2,284$2,083
16 years$4,032$3,413$2,876$2,413$2,019$1,827
17 years$3,755$3,143$2,617$2,168$1,790$1,608
18 years$3,510$2,904$2,389$1,954$1,591$1,419
19 years$3,290$2,692$2,187$1,766$1,418$1,255
20 years$3,093$2,501$2,007$1,599$1,267$1,112
21 years$2,915$2,330$1,846$1,451$1,134$987
22 years$2,753$2,175$1,701$1,320$1,016$878
23 years$2,605$2,034$1,571$1,202$912$782
24 years$2,470$1,906$1,453$1,096$820$697
25 years$2,346$1,788$1,346$1,001$738$622
26 years$2,232$1,681$1,248$915$665$555
27 years$2,126$1,582$1,159$838$599$496
28 years$2,028$1,491$1,077$768$541$444
29 years$1,937$1,406$1,003$704$488$398
30 years$1,852$1,328$934$646$441$356
31 years$1,773$1,255$871$593$399$319
32 years$1,699$1,188$812$545$361$286
33 years$1,630$1,125$758$501$326$257
34 years$1,564$1,066$709$461$296$230
35 years$1,503$1,011$662$425$268$207
36 years$1,445$960$620$391$243$185
37 years$1,391$912$580$360$220$167
38 years$1,339$866$543$332$199$150
39 years$1,290$824$509$306$181$134
40 years$1,244$784$477$283$164$121
41 years$1,200$746$447$261$149$109
42 years$1,159$711$420$241$135$98
43 years$1,119$677$394$222$122$88
44 years$1,081$645$370$205$111$79
45 years$1,045$615$347$189$101$71
46 years$1,011$587$326$175$92$64
47 years$978$560$306$162$83$57
48 years$947$535$288$149$76$52
49 years$917$511$270$138$69$46
50 years$888$488$254$128$62$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $910,000, adding $6,750 every year, while hoping to spend $54,607 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: 40/48/12 Blend
45$910,000$910,000$910,000$910,000
46$1,009,783$961,553$947,448$1,046,300
47$1,054,679$950,567$921,086$1,061,736
48$1,102,325$937,213$892,010$1,072,533
49$1,152,942$921,317$860,073$1,083,010
50$1,206,776$902,695$825,119$1,093,161
51$1,264,091$881,152$786,985$1,102,986
52$1,325,181$856,481$745,502$1,112,489
53$1,390,365$828,464$700,491$1,121,679
54$1,459,993$796,870$651,769$1,130,571
55$1,534,450$761,453$599,140$1,139,187
56$1,614,155$721,956$542,403$1,147,557
57$1,699,571$678,104$481,345$1,155,720
58$1,791,203$629,607$415,746$1,163,728
59$1,889,608$576,160$345,376$1,171,641
60$1,995,394$517,438$269,992$1,179,537
61$2,109,232$453,100$189,345$1,187,507
62$2,231,856$382,784$103,170$1,195,659
63$2,364,073$306,108$11,194$1,204,125
64$2,506,771$222,669$0$1,213,057
65$2,660,922$132,041$0$1,233,766
66$2,827,599$33,774$0$1,257,579
67$3,007,977$0$0$1,283,341
68$3,203,351$0$0$1,349,720
69$3,415,142$0$0$1,441,115
70$3,644,916$0$0$1,540,374
71$3,894,391$0$0$1,648,254
72$4,165,460$0$0$1,765,587
73$4,460,204$0$0$1,893,288
74$4,780,913$0$0$2,032,364
75$5,130,106$0$0$2,183,924
76$5,510,555$0$0$2,349,187
77$5,925,311$0$0$2,529,495
78$6,377,731$0$0$2,726,327
79$6,871,511$0$0$2,941,309
80$7,410,720$0$0$3,176,231
81$7,999,835$0$0$3,433,064
82$8,643,785$0$0$3,713,980
83$9,348,000$0$0$4,021,368
84$10,118,455$0$0$4,357,859
85$10,961,731$0$0$4,726,350
86$11,885,073$0$0$5,130,034
87$12,896,462$0$0$5,572,423
88$14,004,684$0$0$6,057,389
89$15,219,418$0$0$6,589,193
90$16,551,321$0$0$7,172,531
91$18,012,133$0$0$7,812,574
92$19,614,785$0$0$8,515,017
93$21,373,517$0$0$9,286,134
94$23,304,018$0$0$10,132,836
95$25,423,568$0$0$11,062,737
96$27,751,202$0$0$12,084,223
97$30,307,889$0$0$13,206,533
98$33,116,729$0$0$14,439,844
99$36,203,170$0$0$15,795,370
100$39,595,247$0$0$17,285,463