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%13.5%
1 years$76,799$76,114$75,447$74,796$74,160$73,081
2 years$38,019$37,311$36,625$35,959$35,314$34,230
3 years$25,094$24,383$23,699$23,040$22,405$21,349
4 years$18,633$17,924$17,247$16,599$15,979$14,959
5 years$14,757$14,053$13,384$12,749$12,147$11,166
6 years$12,175$11,475$10,816$10,196$9,612$8,671
7 years$10,330$9,637$8,988$8,383$7,817$6,916
8 years$8,948$8,261$7,623$7,032$6,485$5,625
9 years$7,873$7,192$6,566$5,990$5,461$4,641
10 years$7,014$6,340$5,724$5,163$4,653$3,872
11 years$6,311$5,644$5,039$4,493$4,002$3,260
12 years$5,726$5,066$4,472$3,941$3,468$2,763
13 years$5,231$4,578$3,996$3,480$3,024$2,356
14 years$4,808$4,161$3,590$3,089$2,651$2,019
15 years$4,441$3,801$3,241$2,755$2,334$1,736
16 years$4,120$3,488$2,939$2,467$2,063$1,498
17 years$3,838$3,212$2,674$2,216$1,829$1,297
18 years$3,587$2,968$2,441$1,997$1,626$1,125
19 years$3,362$2,751$2,235$1,805$1,450$978
20 years$3,161$2,556$2,051$1,634$1,295$851
21 years$2,979$2,381$1,887$1,483$1,159$743
22 years$2,813$2,222$1,739$1,349$1,039$648
23 years$2,662$2,079$1,605$1,228$932$567
24 years$2,524$1,948$1,485$1,120$838$496
25 years$2,398$1,828$1,375$1,023$754$434
26 years$2,281$1,718$1,275$935$679$381
27 years$2,173$1,617$1,184$856$612$334
28 years$2,073$1,523$1,101$785$553$293
29 years$1,980$1,437$1,025$719$499$257
30 years$1,893$1,357$954$660$451$226
31 years$1,812$1,283$890$606$408$199
32 years$1,736$1,214$830$557$369$175
33 years$1,665$1,150$775$512$334$153
34 years$1,599$1,090$724$472$302$135
35 years$1,536$1,033$677$434$274$119
36 years$1,477$981$633$400$248$104
37 years$1,421$932$593$368$225$92
38 years$1,369$885$555$339$204$81
39 years$1,319$842$520$313$185$71
40 years$1,271$801$488$289$168$63
41 years$1,227$762$457$266$152$55
42 years$1,184$726$429$246$138$49
43 years$1,144$692$402$227$125$43
44 years$1,105$659$378$210$114$38
45 years$1,068$629$355$194$103$33
46 years$1,033$600$333$179$94$29
47 years$1,000$573$313$165$85$26
48 years$968$547$294$153$77$23
49 years$937$522$276$141$70$20
50 years$908$499$260$130$64$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $930,000, adding $4,989 every year, while hoping to spend $34,349 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: 48/45/7 Blend
45$930,000$930,000$930,000$930,000
46$1,030,006$980,716$966,301$1,077,309
47$1,098,520$992,224$962,125$1,121,738
48$1,172,870$1,003,145$956,658$1,165,911
49$1,253,617$1,013,413$949,820$1,213,062
50$1,341,376$1,022,960$941,529$1,263,479
51$1,436,822$1,031,711$931,696$1,317,479
52$1,540,700$1,039,587$920,230$1,375,410
53$1,653,830$1,046,505$907,036$1,437,661
54$1,777,112$1,052,375$892,013$1,504,658
55$1,911,538$1,057,103$875,057$1,576,874
56$2,058,201$1,060,586$856,057$1,654,831
57$2,218,301$1,062,719$834,898$1,739,106
58$2,393,162$1,063,386$811,461$1,830,334
59$2,584,239$1,062,467$785,620$1,929,222
60$2,793,136$1,059,832$757,243$2,036,546
61$3,021,617$1,055,345$726,192$2,153,165
62$3,271,627$1,048,861$692,324$2,280,030
63$3,545,304$1,040,227$655,487$2,418,187
64$3,845,005$1,029,278$615,527$2,568,797
65$4,173,325$1,015,842$572,276$2,733,137
66$4,533,122$999,736$525,565$2,912,621
67$4,927,543$980,766$475,214$3,108,808
68$5,360,054$958,725$421,036$3,323,422
69$5,834,474$933,397$362,834$3,558,366
70$6,355,006$904,549$300,406$3,815,740
71$6,926,283$871,939$233,536$4,097,864
72$7,553,408$835,307$162,003$4,407,299
73$8,241,999$794,381$85,573$4,746,871
74$8,998,248$748,871$4,005$5,119,701
75$9,828,975$698,471$0$5,529,235
76$10,741,692$642,858$0$5,985,477
77$11,744,677$581,690$0$6,487,144
78$12,847,047$514,606$0$7,038,590
79$14,058,847$441,223$0$7,644,947
80$15,391,146$361,139$0$8,311,879
81$16,856,135$273,928$0$9,045,635
82$18,467,249$179,138$0$9,853,108
83$20,239,288$76,295$0$10,741,902
84$22,188,558$0$0$11,720,406
85$24,333,028$0$0$12,815,256
86$26,692,492$0$0$14,061,556
87$29,288,762$0$0$15,433,062
88$32,145,872$0$0$16,942,483
89$35,290,301$0$0$18,603,827
90$38,751,227$0$0$20,432,523
91$42,560,799$0$0$22,445,576
92$46,754,440$0$0$24,661,722
93$51,371,185$0$0$27,101,606
94$56,454,044$0$0$29,787,977
95$62,050,408$0$0$32,745,900
96$68,212,500$0$0$36,002,997
97$74,997,864$0$0$39,589,705
98$82,469,907$0$0$43,539,560
99$90,698,499$0$0$47,889,519
100$99,760,633$0$0$52,680,305