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%18.4%
1 years$75,973$75,296$74,636$73,991$73,362$70,872
2 years$37,610$36,910$36,231$35,573$34,934$32,451
3 years$24,824$24,121$23,444$22,792$22,164$19,764
4 years$18,433$17,731$17,061$16,420$15,807$13,511
5 years$14,599$13,902$13,240$12,612$12,017$9,829
6 years$12,044$11,352$10,700$10,086$9,508$7,431
7 years$10,219$9,533$8,892$8,292$7,733$5,765
8 years$8,852$8,172$7,541$6,956$6,415$4,556
9 years$7,788$7,115$6,495$5,925$5,402$3,650
10 years$6,938$6,271$5,662$5,108$4,603$2,954
11 years$6,243$5,583$4,985$4,445$3,959$2,410
12 years$5,664$5,011$4,424$3,899$3,431$1,979
13 years$5,175$4,529$3,953$3,442$2,992$1,633
14 years$4,756$4,116$3,552$3,056$2,622$1,353
15 years$4,393$3,760$3,207$2,725$2,309$1,124
16 years$4,076$3,450$2,907$2,440$2,041$937
17 years$3,796$3,177$2,645$2,192$1,809$783
18 years$3,548$2,936$2,415$1,976$1,609$655
19 years$3,326$2,721$2,211$1,785$1,434$549
20 years$3,127$2,529$2,029$1,617$1,281$461
21 years$2,947$2,355$1,866$1,467$1,146$387
22 years$2,783$2,199$1,720$1,334$1,027$325
23 years$2,634$2,056$1,588$1,215$922$274
24 years$2,497$1,927$1,469$1,108$829$230
25 years$2,372$1,808$1,360$1,012$746$194
26 years$2,256$1,699$1,262$925$672$164
27 years$2,150$1,599$1,172$847$606$138
28 years$2,050$1,507$1,089$776$547$116
29 years$1,958$1,422$1,014$712$494$98
30 years$1,873$1,343$944$653$446$83
31 years$1,793$1,269$880$600$403$70
32 years$1,718$1,201$821$551$365$59
33 years$1,648$1,137$767$507$330$50
34 years$1,582$1,078$716$466$299$42
35 years$1,520$1,022$670$429$271$35
36 years$1,461$970$627$395$245$30
37 years$1,406$922$586$364$222$25
38 years$1,354$876$549$336$202$21
39 years$1,305$833$515$310$183$18
40 years$1,258$792$482$286$166$15
41 years$1,213$754$452$264$150$13
42 years$1,171$718$424$243$136$11
43 years$1,131$684$398$224$124$9
44 years$1,093$652$374$207$112$8
45 years$1,057$622$351$191$102$7
46 years$1,022$593$330$177$93$6
47 years$989$566$310$163$84$5
48 years$957$541$291$151$76$4
49 years$927$516$273$140$69$3
50 years$898$493$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $920,000, adding $3,822 every year, while hoping to spend $33,576 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: 62/13/25 Blend
45$920,000$920,000$920,000$920,000
46$1,017,782$969,022$954,762$1,073,915
47$1,085,872$980,780$951,022$1,124,166
48$1,159,781$991,988$946,032$1,174,991
49$1,240,067$1,002,585$939,713$1,229,749
50$1,327,346$1,012,504$931,985$1,288,831
51$1,422,293$1,021,673$922,764$1,352,666
52$1,525,649$1,030,018$911,959$1,421,729
53$1,638,234$1,037,458$899,479$1,496,544
54$1,760,948$1,043,907$885,225$1,577,689
55$1,894,780$1,049,273$869,095$1,665,802
56$2,040,820$1,053,461$850,983$1,761,586
57$2,200,269$1,056,365$830,776$1,865,819
58$2,374,447$1,057,878$808,358$1,979,358
59$2,564,809$1,057,882$783,606$2,103,150
60$2,772,955$1,056,254$756,392$2,238,237
61$3,000,647$1,052,861$726,582$2,385,772
62$3,249,827$1,047,565$694,036$2,547,026
63$3,522,632$1,040,218$658,609$2,723,401
64$3,821,414$1,030,662$620,146$2,916,444
65$4,148,765$1,018,732$578,488$3,127,862
66$4,507,539$1,004,250$533,467$3,359,538
67$4,900,880$987,030$484,910$3,613,548
68$5,332,250$966,874$432,634$3,892,184
69$5,805,460$943,572$376,449$4,197,974
70$6,324,711$916,902$316,154$4,533,706
71$6,894,630$886,628$251,543$4,902,454
72$7,520,312$852,502$182,399$5,307,610
73$8,207,369$814,260$108,495$5,752,916
74$8,961,986$771,624$29,595$6,242,497
75$9,790,974$724,299$0$6,780,903
76$10,701,837$671,974$0$7,387,719
77$11,702,842$614,318$0$8,063,284
78$12,803,096$550,984$0$8,805,870
79$14,012,633$481,603$0$9,622,282
80$15,342,506$405,786$0$10,520,018
81$16,804,895$323,123$0$11,507,343
82$18,413,218$233,179$0$12,593,364
83$20,182,257$135,496$0$13,788,121
84$22,128,302$29,590$0$15,102,674
85$24,269,297$0$0$16,549,215
86$26,625,018$0$0$18,153,346
87$29,217,250$0$0$19,923,268
88$32,069,999$0$0$21,871,147
89$35,209,715$0$0$24,015,055
90$38,665,541$0$0$26,374,903
91$42,469,592$0$0$28,972,630
92$46,657,252$0$0$31,832,411
93$51,267,509$0$0$34,980,884
94$56,343,325$0$0$38,447,401
95$61,932,041$0$0$42,264,304
96$68,085,819$0$0$46,467,231
97$74,862,139$0$0$51,095,455
98$82,324,338$0$0$56,192,247
99$90,542,208$0$0$61,805,291
100$99,592,656$0$0$67,987,131