Can I retire at age 46 with 930,000?

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 $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%
1 years$76,799$76,114$75,447$74,796$74,160$73,233
2 years$38,019$37,311$36,625$35,959$35,314$34,382
3 years$25,094$24,383$23,699$23,040$22,405$21,495
4 years$18,633$17,924$17,247$16,599$15,979$15,100
5 years$14,757$14,053$13,384$12,749$12,147$11,301
6 years$12,175$11,475$10,816$10,196$9,612$8,799
7 years$10,330$9,637$8,988$8,383$7,817$7,038
8 years$8,948$8,261$7,623$7,032$6,485$5,740
9 years$7,873$7,192$6,566$5,990$5,461$4,751
10 years$7,014$6,340$5,724$5,163$4,653$3,976
11 years$6,311$5,644$5,039$4,493$4,002$3,357
12 years$5,726$5,066$4,472$3,941$3,468$2,855
13 years$5,231$4,578$3,996$3,480$3,024$2,442
14 years$4,808$4,161$3,590$3,089$2,651$2,099
15 years$4,441$3,801$3,241$2,755$2,334$1,812
16 years$4,120$3,488$2,939$2,467$2,063$1,569
17 years$3,838$3,212$2,674$2,216$1,829$1,363
18 years$3,587$2,968$2,441$1,997$1,626$1,186
19 years$3,362$2,751$2,235$1,805$1,450$1,035
20 years$3,161$2,556$2,051$1,634$1,295$905
21 years$2,979$2,381$1,887$1,483$1,159$792
22 years$2,813$2,222$1,739$1,349$1,039$694
23 years$2,662$2,079$1,605$1,228$932$609
24 years$2,524$1,948$1,485$1,120$838$535
25 years$2,398$1,828$1,375$1,023$754$471
26 years$2,281$1,718$1,275$935$679$414
27 years$2,173$1,617$1,184$856$612$365
28 years$2,073$1,523$1,101$785$553$321
29 years$1,980$1,437$1,025$719$499$283
30 years$1,893$1,357$954$660$451$250
31 years$1,812$1,283$890$606$408$220
32 years$1,736$1,214$830$557$369$195
33 years$1,665$1,150$775$512$334$172
34 years$1,599$1,090$724$472$302$152
35 years$1,536$1,033$677$434$274$134
36 years$1,477$981$633$400$248$118
37 years$1,421$932$593$368$225$105
38 years$1,369$885$555$339$204$92
39 years$1,319$842$520$313$185$82
40 years$1,271$801$488$289$168$72
41 years$1,227$762$457$266$152$64
42 years$1,184$726$429$246$138$56
43 years$1,144$692$402$227$125$50
44 years$1,105$659$378$210$114$44
45 years$1,068$629$355$194$103$39
46 years$1,033$600$333$179$94$35
47 years$1,000$573$313$165$85$31
48 years$968$547$294$153$77$27
49 years$937$522$276$141$70$24
50 years$908$499$260$130$64$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $930,000, adding $5,801 every year, while hoping to spend $29,400 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: 45/34/21 Blend
45$930,000$930,000$930,000$930,000
46$1,030,844$981,554$967,139$1,070,763
47$1,104,708$998,368$968,257$1,116,226
48$1,185,122$1,015,022$968,426$1,162,148
49$1,272,721$1,031,475$967,586$1,211,345
50$1,368,207$1,047,685$965,668$1,264,135
51$1,472,351$1,063,609$962,605$1,320,869
52$1,586,003$1,079,197$958,324$1,381,937
53$1,710,096$1,094,399$952,748$1,447,767
54$1,845,660$1,109,158$945,799$1,518,831
55$1,993,827$1,123,417$937,393$1,595,654
56$2,155,844$1,137,111$927,443$1,678,810
57$2,333,084$1,150,174$915,856$1,768,939
58$2,527,059$1,162,533$902,538$1,866,742
59$2,739,434$1,174,111$887,388$1,972,996
60$2,972,041$1,184,828$870,300$2,088,559
61$3,226,899$1,194,595$851,165$2,214,377
62$3,506,232$1,203,319$829,869$2,351,493
63$3,812,488$1,210,902$806,289$2,501,062
64$4,148,363$1,217,237$780,302$2,664,354
65$4,516,828$1,222,214$751,774$2,842,776
66$4,921,155$1,225,713$720,568$3,037,876
67$5,364,946$1,227,606$686,541$3,251,367
68$5,852,172$1,227,761$649,542$3,485,134
69$6,387,206$1,226,033$609,413$3,741,263
70$6,974,863$1,222,270$565,991$4,022,052
71$7,620,450$1,216,313$519,103$4,330,038
72$8,329,813$1,207,989$468,570$4,668,019
73$9,109,392$1,197,118$414,204$5,039,084
74$9,966,280$1,183,508$355,811$5,446,641
75$10,908,295$1,166,953$293,184$5,894,448
76$11,944,046$1,147,240$226,112$6,386,653
77$13,083,023$1,124,138$154,370$6,927,830
78$14,335,676$1,097,406$77,727$7,523,026
79$15,713,523$1,066,787$0$8,177,808
80$17,229,252$1,032,010$0$8,899,228
81$18,896,844$992,786$0$9,711,793
82$20,731,701$948,811$0$10,605,597
83$22,750,796$899,764$0$11,588,943
84$24,972,829$845,305$0$12,670,982
85$27,418,405$785,073$0$13,861,804
86$30,110,229$718,687$0$15,172,530
87$33,073,315$645,746$0$16,615,422
88$36,335,229$565,823$0$18,203,997
89$39,926,344$478,470$0$19,953,158
90$43,880,128$383,212$0$21,879,330
91$48,233,458$279,547$0$24,000,622
92$53,026,972$166,945$0$26,336,996
93$58,305,445$44,848$0$28,910,457
94$64,118,219$0$0$31,745,262
95$70,519,662$0$0$34,900,825
96$77,569,687$0$0$38,394,731
97$85,334,310$0$0$42,242,937
98$93,886,279$0$0$46,481,517
99$103,305,757$0$0$51,150,220
100$113,681,078$0$0$56,292,850