Can I retire at age 46 with 920,000?

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 $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%12.2%
1 years$75,973$75,296$74,636$73,991$73,362$72,687
2 years$37,610$36,910$36,231$35,573$34,934$34,254
3 years$24,824$24,121$23,444$22,792$22,164$21,499
4 years$18,433$17,731$17,061$16,420$15,807$15,164
5 years$14,599$13,902$13,240$12,612$12,017$11,396
6 years$12,044$11,352$10,700$10,086$9,508$8,912
7 years$10,219$9,533$8,892$8,292$7,733$7,160
8 years$8,852$8,172$7,541$6,956$6,415$5,867
9 years$7,788$7,115$6,495$5,925$5,402$4,878
10 years$6,938$6,271$5,662$5,108$4,603$4,102
11 years$6,243$5,583$4,985$4,445$3,959$3,481
12 years$5,664$5,011$4,424$3,899$3,431$2,975
13 years$5,175$4,529$3,953$3,442$2,992$2,559
14 years$4,756$4,116$3,552$3,056$2,622$2,211
15 years$4,393$3,760$3,207$2,725$2,309$1,919
16 years$4,076$3,450$2,907$2,440$2,041$1,671
17 years$3,796$3,177$2,645$2,192$1,809$1,459
18 years$3,548$2,936$2,415$1,976$1,609$1,278
19 years$3,326$2,721$2,211$1,785$1,434$1,121
20 years$3,127$2,529$2,029$1,617$1,281$986
21 years$2,947$2,355$1,866$1,467$1,146$868
22 years$2,783$2,199$1,720$1,334$1,027$765
23 years$2,634$2,056$1,588$1,215$922$676
24 years$2,497$1,927$1,469$1,108$829$597
25 years$2,372$1,808$1,360$1,012$746$529
26 years$2,256$1,699$1,262$925$672$468
27 years$2,150$1,599$1,172$847$606$415
28 years$2,050$1,507$1,089$776$547$368
29 years$1,958$1,422$1,014$712$494$326
30 years$1,873$1,343$944$653$446$290
31 years$1,793$1,269$880$600$403$257
32 years$1,718$1,201$821$551$365$229
33 years$1,648$1,137$767$507$330$203
34 years$1,582$1,078$716$466$299$181
35 years$1,520$1,022$670$429$271$161
36 years$1,461$970$627$395$245$143
37 years$1,406$922$586$364$222$127
38 years$1,354$876$549$336$202$113
39 years$1,305$833$515$310$183$101
40 years$1,258$792$482$286$166$90
41 years$1,213$754$452$264$150$80
42 years$1,171$718$424$243$136$71
43 years$1,131$684$398$224$124$63
44 years$1,093$652$374$207$112$56
45 years$1,057$622$351$191$102$50
46 years$1,022$593$330$177$93$45
47 years$989$566$310$163$84$40
48 years$957$541$291$151$76$35
49 years$927$516$273$140$69$32
50 years$898$493$257$129$63$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $920,000, adding $6,481 every year, while hoping to spend $52,010 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: 43/35/22 Blend
45$920,000$920,000$920,000$920,000
46$1,020,525$971,765$957,505$1,057,620
47$1,069,280$964,043$934,243$1,076,841
48$1,121,266$954,200$908,459$1,092,117
49$1,176,755$942,076$880,013$1,107,615
50$1,236,050$927,504$848,759$1,123,383
51$1,299,480$910,305$814,545$1,139,477
52$1,367,406$890,289$777,212$1,155,962
53$1,440,226$867,257$736,592$1,172,916
54$1,518,373$840,996$692,512$1,190,426
55$1,602,325$811,283$644,790$1,208,596
56$1,692,606$777,881$593,235$1,227,543
57$1,789,792$740,537$537,648$1,247,404
58$1,894,514$698,986$477,822$1,268,332
59$2,007,465$652,947$413,540$1,290,504
60$2,129,409$602,123$344,575$1,314,120
61$2,261,181$546,201$270,692$1,339,410
62$2,403,704$484,847$191,642$1,366,630
63$2,557,988$417,710$107,169$1,396,073
64$2,725,146$344,422$17,002$1,428,069
65$2,906,401$264,588$0$1,462,990
66$3,103,098$177,797$0$1,519,852
67$3,316,715$83,610$0$1,585,996
68$3,548,880$0$0$1,658,029
69$3,801,382$0$0$1,743,719
70$4,076,191$0$0$1,872,126
71$4,375,473$0$0$2,012,072
72$4,701,612$0$0$2,164,686
73$5,057,233$0$0$2,331,208
74$5,445,222$0$0$2,513,007
75$5,868,760$0$0$2,711,586
76$6,331,344$0$0$2,928,600
77$6,836,826$0$0$3,165,873
78$7,389,448$0$0$3,425,413
79$7,993,879$0$0$3,709,430
80$8,655,258$0$0$4,020,357
81$9,379,247$0$0$4,360,874
82$10,172,080$0$0$4,733,933
83$11,040,620$0$0$5,142,784
84$11,992,427$0$0$5,591,006
85$13,035,827$0$0$6,082,543
86$14,179,989$0$0$6,621,735
87$15,435,013$0$0$7,213,366
88$16,812,022$0$0$7,862,705
89$18,323,269$0$0$8,575,553
90$19,982,251$0$0$9,358,304
91$21,803,834$0$0$10,218,000
92$23,804,396$0$0$11,162,396
93$26,001,976$0$0$12,200,038
94$28,416,451$0$0$13,340,341
95$31,069,713$0$0$14,593,676
96$33,985,883$0$0$15,971,469
97$37,191,536$0$0$17,486,307
98$40,715,946$0$0$19,152,060
99$44,591,369$0$0$20,984,008
100$48,853,340$0$0$22,998,984