Can I retire at age 46 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$76,799$76,114$75,447$74,796$74,160$73,538
2 years$38,019$37,311$36,625$35,959$35,314$34,688
3 years$25,094$24,383$23,699$23,040$22,405$21,793
4 years$18,633$17,924$17,247$16,599$15,979$15,387
5 years$14,757$14,053$13,384$12,749$12,147$11,576
6 years$12,175$11,475$10,816$10,196$9,612$9,062
7 years$10,330$9,637$8,988$8,383$7,817$7,289
8 years$8,948$8,261$7,623$7,032$6,485$5,979
9 years$7,873$7,192$6,566$5,990$5,461$4,977
10 years$7,014$6,340$5,724$5,163$4,653$4,191
11 years$6,311$5,644$5,039$4,493$4,002$3,560
12 years$5,726$5,066$4,472$3,941$3,468$3,047
13 years$5,231$4,578$3,996$3,480$3,024$2,624
14 years$4,808$4,161$3,590$3,089$2,651$2,270
15 years$4,441$3,801$3,241$2,755$2,334$1,973
16 years$4,120$3,488$2,939$2,467$2,063$1,720
17 years$3,838$3,212$2,674$2,216$1,829$1,504
18 years$3,587$2,968$2,441$1,997$1,626$1,319
19 years$3,362$2,751$2,235$1,805$1,450$1,159
20 years$3,161$2,556$2,051$1,634$1,295$1,021
21 years$2,979$2,381$1,887$1,483$1,159$900
22 years$2,813$2,222$1,739$1,349$1,039$795
23 years$2,662$2,079$1,605$1,228$932$703
24 years$2,524$1,948$1,485$1,120$838$622
25 years$2,398$1,828$1,375$1,023$754$552
26 years$2,281$1,718$1,275$935$679$489
27 years$2,173$1,617$1,184$856$612$434
28 years$2,073$1,523$1,101$785$553$386
29 years$1,980$1,437$1,025$719$499$343
30 years$1,893$1,357$954$660$451$305
31 years$1,812$1,283$890$606$408$271
32 years$1,736$1,214$830$557$369$241
33 years$1,665$1,150$775$512$334$215
34 years$1,599$1,090$724$472$302$191
35 years$1,536$1,033$677$434$274$170
36 years$1,477$981$633$400$248$152
37 years$1,421$932$593$368$225$135
38 years$1,369$885$555$339$204$121
39 years$1,319$842$520$313$185$108
40 years$1,271$801$488$289$168$96
41 years$1,227$762$457$266$152$85
42 years$1,184$726$429$246$138$76
43 years$1,144$692$402$227$125$68
44 years$1,105$659$378$210$114$61
45 years$1,068$629$355$194$103$54
46 years$1,033$600$333$179$94$48
47 years$1,000$573$313$165$85$43
48 years$968$547$294$153$77$38
49 years$937$522$276$141$70$34
50 years$908$499$260$130$64$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $930,000, adding $5,192 every year, while hoping to spend $46,329 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: 55/26/19 Blend
45$930,000$930,000$930,000$930,000
46$1,030,216$980,926$966,511$1,081,337
47$1,086,004$979,697$949,595$1,115,604
48$1,145,930$976,856$930,560$1,147,529
49$1,210,367$972,274$909,286$1,181,277
50$1,279,724$965,815$885,646$1,217,035
51$1,354,451$957,335$859,511$1,255,011
52$1,435,043$946,683$830,743$1,295,435
53$1,522,042$933,695$799,197$1,338,565
54$1,616,044$918,200$764,724$1,384,685
55$1,717,706$900,017$727,168$1,434,113
56$1,827,747$878,953$686,363$1,487,201
57$1,946,959$854,804$642,138$1,544,340
58$2,076,214$827,354$594,315$1,605,963
59$2,216,469$796,375$542,705$1,672,552
60$2,368,777$761,626$487,114$1,744,641
61$2,534,296$722,849$427,336$1,822,823
62$2,714,301$679,776$363,159$1,907,755
63$2,910,195$632,120$294,360$2,000,164
64$3,123,519$579,578$220,705$2,100,859
65$3,355,971$521,831$141,952$2,210,732
66$3,609,420$458,540$57,848$2,330,774
67$3,885,922$389,350$0$2,462,083
68$4,187,740$313,881$0$2,612,342
69$4,517,365$231,737$0$2,789,362
70$4,877,539$142,495$0$2,982,952
71$5,271,282$45,712$0$3,194,820
72$5,701,919$0$0$3,426,851
73$6,173,109$0$0$3,698,033
74$6,688,883$0$0$4,009,273
75$7,253,678$0$0$4,350,183
76$7,872,382$0$0$4,723,722
77$8,550,377$0$0$5,133,151
78$9,293,591$0$0$5,582,062
79$10,108,551$0$0$6,074,409
80$11,002,447$0$0$6,614,550
81$11,983,201$0$0$7,207,282
82$13,059,534$0$0$7,857,892
83$14,241,055$0$0$8,572,201
84$15,538,349$0$0$9,356,623
85$16,963,076$0$0$10,218,223
86$18,528,078$0$0$11,164,784
87$20,247,507$0$0$12,204,879
88$22,136,948$0$0$13,347,955
89$24,213,574$0$0$14,604,417
90$26,496,304$0$0$15,985,729
91$29,005,980$0$0$17,504,523
92$31,765,566$0$0$19,174,714
93$34,800,360$0$0$21,011,633
94$38,138,236$0$0$23,032,172
95$41,809,904$0$0$25,254,943
96$45,849,203$0$0$27,700,452
97$50,293,413$0$0$30,391,292
98$55,183,611$0$0$33,352,357
99$60,565,058$0$0$36,611,077
100$66,487,623$0$0$40,197,676