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%13.4%
1 years$76,799$76,114$75,447$74,796$74,160$73,112
2 years$38,019$37,311$36,625$35,959$35,314$34,260
3 years$25,094$24,383$23,699$23,040$22,405$21,378
4 years$18,633$17,924$17,247$16,599$15,979$14,987
5 years$14,757$14,053$13,384$12,749$12,147$11,193
6 years$12,175$11,475$10,816$10,196$9,612$8,696
7 years$10,330$9,637$8,988$8,383$7,817$6,941
8 years$8,948$8,261$7,623$7,032$6,485$5,648
9 years$7,873$7,192$6,566$5,990$5,461$4,663
10 years$7,014$6,340$5,724$5,163$4,653$3,893
11 years$6,311$5,644$5,039$4,493$4,002$3,279
12 years$5,726$5,066$4,472$3,941$3,468$2,781
13 years$5,231$4,578$3,996$3,480$3,024$2,373
14 years$4,808$4,161$3,590$3,089$2,651$2,034
15 years$4,441$3,801$3,241$2,755$2,334$1,751
16 years$4,120$3,488$2,939$2,467$2,063$1,512
17 years$3,838$3,212$2,674$2,216$1,829$1,310
18 years$3,587$2,968$2,441$1,997$1,626$1,137
19 years$3,362$2,751$2,235$1,805$1,450$989
20 years$3,161$2,556$2,051$1,634$1,295$862
21 years$2,979$2,381$1,887$1,483$1,159$752
22 years$2,813$2,222$1,739$1,349$1,039$657
23 years$2,662$2,079$1,605$1,228$932$575
24 years$2,524$1,948$1,485$1,120$838$504
25 years$2,398$1,828$1,375$1,023$754$441
26 years$2,281$1,718$1,275$935$679$387
27 years$2,173$1,617$1,184$856$612$340
28 years$2,073$1,523$1,101$785$553$299
29 years$1,980$1,437$1,025$719$499$262
30 years$1,893$1,357$954$660$451$231
31 years$1,812$1,283$890$606$408$203
32 years$1,736$1,214$830$557$369$178
33 years$1,665$1,150$775$512$334$157
34 years$1,599$1,090$724$472$302$138
35 years$1,536$1,033$677$434$274$122
36 years$1,477$981$633$400$248$107
37 years$1,421$932$593$368$225$94
38 years$1,369$885$555$339$204$83
39 years$1,319$842$520$313$185$73
40 years$1,271$801$488$289$168$64
41 years$1,227$762$457$266$152$57
42 years$1,184$726$429$246$138$50
43 years$1,144$692$402$227$125$44
44 years$1,105$659$378$210$114$39
45 years$1,068$629$355$194$103$34
46 years$1,033$600$333$179$94$30
47 years$1,000$573$313$165$85$27
48 years$968$547$294$153$77$23
49 years$937$522$276$141$70$21
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 $6,950 every year, while hoping to spend $21,389 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: 38/38/24 Blend
45$930,000$930,000$930,000$930,000
46$1,032,029$982,739$968,324$1,063,626
47$1,114,538$1,008,135$978,005$1,112,660
48$1,204,746$1,034,059$987,294$1,163,120
49$1,303,417$1,060,514$996,154$1,217,231
50$1,411,388$1,087,503$1,004,548$1,275,335
51$1,529,586$1,115,027$1,012,437$1,337,812
52$1,659,029$1,143,088$1,019,779$1,405,077
53$1,800,838$1,171,687$1,026,529$1,477,590
54$1,956,247$1,200,824$1,032,642$1,555,857
55$2,126,618$1,230,498$1,038,069$1,640,434
56$2,313,448$1,260,707$1,042,759$1,731,937
57$2,518,387$1,291,449$1,046,659$1,831,041
58$2,743,252$1,322,720$1,049,712$1,938,491
59$2,990,045$1,354,514$1,051,858$2,055,111
60$3,260,971$1,386,827$1,053,037$2,181,804
61$3,558,458$1,419,650$1,053,182$2,319,570
62$3,885,183$1,452,974$1,052,225$2,469,508
63$4,244,092$1,486,790$1,050,095$2,632,831
64$4,638,432$1,521,086$1,046,716$2,810,875
65$5,071,780$1,555,847$1,042,009$3,005,112
66$5,548,077$1,591,059$1,035,892$3,217,167
67$6,071,664$1,626,704$1,028,277$3,448,829
68$6,647,324$1,662,763$1,019,075$3,702,071
69$7,280,326$1,699,213$1,008,189$3,979,067
70$7,976,477$1,736,032$995,520$4,282,213
71$8,742,171$1,773,191$980,964$4,614,153
72$9,584,457$1,810,662$964,411$4,977,799
73$10,511,100$1,848,413$945,747$5,376,361
74$11,530,655$1,886,408$924,852$5,813,377
75$12,652,549$1,924,608$901,602$6,292,750
76$13,887,167$1,962,972$875,863$6,818,779
77$15,245,954$2,001,454$847,501$7,396,204
78$16,741,520$2,040,004$816,370$8,030,251
79$18,387,758$2,078,567$782,322$8,726,680
80$20,199,979$2,117,086$745,199$9,491,838
81$22,195,051$2,155,498$704,838$10,332,726
82$24,391,563$2,193,734$661,067$11,257,056
83$26,809,996$2,231,721$613,707$12,273,334
84$29,472,921$2,269,381$562,571$13,390,931
85$32,405,205$2,306,626$507,463$14,620,180
86$35,634,253$2,343,368$448,180$15,972,470
87$39,190,260$2,379,507$384,508$17,460,353
88$43,106,502$2,414,938$316,224$19,097,667
89$47,419,644$2,449,548$243,096$20,899,664
90$52,170,089$2,483,218$164,881$22,883,153
91$57,402,359$2,515,816$81,326$25,066,666
92$63,165,515$2,547,206$0$27,470,626
93$69,513,618$2,577,240$0$30,119,554
94$76,506,242$2,605,760$0$33,058,608
95$84,209,034$2,632,598$0$36,294,365
96$92,694,335$2,657,574$0$39,857,045
97$102,041,859$2,680,497$0$43,779,954
98$112,339,451$2,701,164$0$48,099,795
99$123,683,911$2,719,357$0$52,857,016
100$136,181,910$2,734,846$0$58,096,195