Can I retire at age 46 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$75,973$75,296$74,636$73,991$73,362$72,206
2 years$37,610$36,910$36,231$35,573$34,934$33,773
3 years$24,824$24,121$23,444$22,792$22,164$21,033
4 years$18,433$17,731$17,061$16,420$15,807$14,716
5 years$14,599$13,902$13,240$12,612$12,017$10,967
6 years$12,044$11,352$10,700$10,086$9,508$8,502
7 years$10,219$9,533$8,892$8,292$7,733$6,771
8 years$8,852$8,172$7,541$6,956$6,415$5,497
9 years$7,788$7,115$6,495$5,925$5,402$4,527
10 years$6,938$6,271$5,662$5,108$4,603$3,771
11 years$6,243$5,583$4,985$4,445$3,959$3,168
12 years$5,664$5,011$4,424$3,899$3,431$2,680
13 years$5,175$4,529$3,953$3,442$2,992$2,281
14 years$4,756$4,116$3,552$3,056$2,622$1,950
15 years$4,393$3,760$3,207$2,725$2,309$1,674
16 years$4,076$3,450$2,907$2,440$2,041$1,442
17 years$3,796$3,177$2,645$2,192$1,809$1,245
18 years$3,548$2,936$2,415$1,976$1,609$1,078
19 years$3,326$2,721$2,211$1,785$1,434$935
20 years$3,127$2,529$2,029$1,617$1,281$812
21 years$2,947$2,355$1,866$1,467$1,146$707
22 years$2,783$2,199$1,720$1,334$1,027$616
23 years$2,634$2,056$1,588$1,215$922$537
24 years$2,497$1,927$1,469$1,108$829$469
25 years$2,372$1,808$1,360$1,012$746$410
26 years$2,256$1,699$1,262$925$672$358
27 years$2,150$1,599$1,172$847$606$313
28 years$2,050$1,507$1,089$776$547$274
29 years$1,958$1,422$1,014$712$494$240
30 years$1,873$1,343$944$653$446$211
31 years$1,793$1,269$880$600$403$185
32 years$1,718$1,201$821$551$365$162
33 years$1,648$1,137$767$507$330$142
34 years$1,582$1,078$716$466$299$124
35 years$1,520$1,022$670$429$271$109
36 years$1,461$970$627$395$245$96
37 years$1,406$922$586$364$222$84
38 years$1,354$876$549$336$202$74
39 years$1,305$833$515$310$183$65
40 years$1,258$792$482$286$166$57
41 years$1,213$754$452$264$150$50
42 years$1,171$718$424$243$136$44
43 years$1,131$684$398$224$124$39
44 years$1,093$652$374$207$112$34
45 years$1,057$622$351$191$102$30
46 years$1,022$593$330$177$93$26
47 years$989$566$310$163$84$23
48 years$957$541$291$151$76$20
49 years$927$516$273$140$69$18
50 years$898$493$257$129$63$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $920,000, adding $2,791 every year, while hoping to spend $27,942 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: 74/14/12 Blend
45$920,000$920,000$920,000$920,000
46$1,016,719$967,959$953,699$1,089,298
47$1,090,694$985,659$955,918$1,155,314
48$1,171,278$1,003,290$957,274$1,223,867
49$1,259,116$1,020,818$957,711$1,298,209
50$1,354,917$1,038,209$957,165$1,378,905
51$1,459,462$1,055,425$955,573$1,466,578
52$1,573,610$1,072,424$952,868$1,561,916
53$1,698,308$1,089,162$948,978$1,665,675
54$1,834,596$1,105,592$943,830$1,778,688
55$1,983,623$1,121,664$937,347$1,901,873
56$2,146,650$1,137,323$929,445$2,036,241
57$2,325,068$1,152,511$920,041$2,182,909
58$2,520,408$1,167,167$909,045$2,343,103
59$2,734,354$1,181,223$896,364$2,518,178
60$2,968,765$1,194,610$881,898$2,709,625
61$3,225,684$1,207,251$865,547$2,919,086
62$3,507,363$1,219,066$847,202$3,148,375
63$3,816,282$1,229,968$826,751$3,399,486
64$4,155,173$1,239,866$804,077$3,674,619
65$4,527,044$1,248,663$779,057$3,976,198
66$4,935,209$1,256,254$751,562$4,306,895
67$5,383,319$1,262,529$721,458$4,669,653
68$5,875,394$1,267,370$688,604$5,067,718
69$6,415,865$1,270,652$652,853$5,504,664
70$7,009,612$1,272,242$614,052$5,984,434
71$7,662,009$1,271,998$572,039$6,511,370
72$8,378,979$1,269,772$526,648$7,090,259
73$9,167,047$1,265,402$477,703$7,726,376
74$10,033,401$1,258,722$425,020$8,425,536
75$10,985,958$1,249,550$368,409$9,194,147
76$12,033,445$1,237,697$307,670$10,039,271
77$13,185,474$1,222,961$242,594$10,968,691
78$14,452,635$1,205,129$172,963$11,990,986
79$15,846,596$1,183,973$98,551$13,115,610
80$17,380,216$1,159,255$19,119$14,352,983
81$19,067,658$1,130,719$0$15,714,588
82$20,924,532$1,098,096$0$17,221,489
83$22,968,034$1,061,102$0$18,882,386
84$25,217,112$1,019,436$0$20,710,238
85$27,692,647$972,777$0$22,722,023
86$30,417,643$920,789$0$24,936,453
87$33,417,449$863,114$0$27,374,147
88$36,719,997$799,375$0$30,057,826
89$40,356,065$729,173$0$33,012,532
90$44,359,567$652,086$0$36,265,857
91$48,767,873$567,668$0$39,848,210
92$53,622,160$475,448$0$43,793,103
93$58,967,803$374,927$0$48,137,463
94$64,854,802$265,582$0$52,921,987
95$71,338,251$146,855$0$58,191,523
96$78,478,863$18,160$0$63,995,492
97$86,343,536$0$0$70,388,360
98$95,005,990$0$0$77,448,806
99$104,547,461$0$0$85,228,844
100$115,057,463$0$0$93,798,674