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%13.7%
1 years$76,799$76,114$75,447$74,796$74,160$73,021
2 years$38,019$37,311$36,625$35,959$35,314$34,170
3 years$25,094$24,383$23,699$23,040$22,405$21,290
4 years$18,633$17,924$17,247$16,599$15,979$14,903
5 years$14,757$14,053$13,384$12,749$12,147$11,113
6 years$12,175$11,475$10,816$10,196$9,612$8,620
7 years$10,330$9,637$8,988$8,383$7,817$6,868
8 years$8,948$8,261$7,623$7,032$6,485$5,579
9 years$7,873$7,192$6,566$5,990$5,461$4,598
10 years$7,014$6,340$5,724$5,163$4,653$3,832
11 years$6,311$5,644$5,039$4,493$4,002$3,221
12 years$5,726$5,066$4,472$3,941$3,468$2,727
13 years$5,231$4,578$3,996$3,480$3,024$2,322
14 years$4,808$4,161$3,590$3,089$2,651$1,987
15 years$4,441$3,801$3,241$2,755$2,334$1,707
16 years$4,120$3,488$2,939$2,467$2,063$1,471
17 years$3,838$3,212$2,674$2,216$1,829$1,271
18 years$3,587$2,968$2,441$1,997$1,626$1,101
19 years$3,362$2,751$2,235$1,805$1,450$956
20 years$3,161$2,556$2,051$1,634$1,295$831
21 years$2,979$2,381$1,887$1,483$1,159$724
22 years$2,813$2,222$1,739$1,349$1,039$631
23 years$2,662$2,079$1,605$1,228$932$551
24 years$2,524$1,948$1,485$1,120$838$481
25 years$2,398$1,828$1,375$1,023$754$421
26 years$2,281$1,718$1,275$935$679$368
27 years$2,173$1,617$1,184$856$612$322
28 years$2,073$1,523$1,101$785$553$282
29 years$1,980$1,437$1,025$719$499$248
30 years$1,893$1,357$954$660$451$217
31 years$1,812$1,283$890$606$408$190
32 years$1,736$1,214$830$557$369$167
33 years$1,665$1,150$775$512$334$147
34 years$1,599$1,090$724$472$302$129
35 years$1,536$1,033$677$434$274$113
36 years$1,477$981$633$400$248$99
37 years$1,421$932$593$368$225$87
38 years$1,369$885$555$339$204$77
39 years$1,319$842$520$313$185$67
40 years$1,271$801$488$289$168$59
41 years$1,227$762$457$266$152$52
42 years$1,184$726$429$246$138$46
43 years$1,144$692$402$227$125$40
44 years$1,105$659$378$210$114$35
45 years$1,068$629$355$194$103$31
46 years$1,033$600$333$179$94$27
47 years$1,000$573$313$165$85$24
48 years$968$547$294$153$77$21
49 years$937$522$276$141$70$19
50 years$908$499$260$130$64$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $930,000, adding $6,456 every year, while hoping to spend $43,253 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: 38/49/13 Blend
45$930,000$930,000$930,000$930,000
46$1,031,519$982,229$967,814$1,066,418
47$1,090,713$984,338$954,215$1,093,999
48$1,154,496$985,100$938,711$1,119,115
49$1,223,288$984,404$921,192$1,145,311
50$1,297,556$982,131$901,544$1,172,707
51$1,377,807$978,157$879,646$1,201,435
52$1,464,603$972,346$855,374$1,231,644
53$1,558,559$964,558$828,596$1,263,501
54$1,660,353$954,641$799,174$1,297,196
55$1,770,728$942,438$766,966$1,332,938
56$1,890,504$927,779$731,821$1,370,963
57$2,020,581$910,486$693,582$1,411,536
58$2,161,949$890,368$652,086$1,454,952
59$2,315,697$867,225$607,160$1,501,541
60$2,483,024$840,846$558,626$1,551,671
61$2,665,249$811,004$506,296$1,605,756
62$2,863,823$777,462$449,976$1,664,253
63$3,080,343$739,967$389,460$1,727,675
64$3,316,568$698,255$324,537$1,796,593
65$3,574,431$652,043$254,982$1,871,642
66$3,856,062$601,033$180,563$1,953,530
67$4,163,807$544,910$101,039$2,043,044
68$4,500,246$483,341$16,155$2,141,061
69$4,868,222$415,975$0$2,248,554
70$5,270,863$342,441$0$2,376,930
71$5,711,615$262,344$0$2,520,130
72$6,194,272$175,271$0$2,677,287
73$6,723,013$80,784$0$2,849,923
74$7,302,438$0$0$3,039,729
75$7,937,615$0$0$3,260,210
76$8,634,126$0$0$3,549,873
77$9,398,117$0$0$3,867,731
78$10,236,360$0$0$4,216,617
79$11,156,312$0$0$4,599,652
80$12,166,188$0$0$5,020,275
81$13,275,037$0$0$5,482,272
82$14,492,828$0$0$5,989,815
83$15,830,541$0$0$6,547,501
84$17,300,274$0$0$7,160,393
85$18,915,352$0$0$7,834,069
86$20,690,457$0$0$8,574,674
87$22,641,764$0$0$9,388,978
88$24,787,092$0$0$10,284,443
89$27,146,074$0$0$11,269,285
90$29,740,338$0$0$12,352,559
91$32,593,716$0$0$13,544,242
92$35,732,465$0$0$14,855,326
93$39,185,513$0$0$16,297,923
94$42,984,734$0$0$17,885,376
95$47,165,249$0$0$19,632,388
96$51,765,752$0$0$21,555,161
97$56,828,880$0$0$23,671,545
98$62,401,613$0$0$26,001,210
99$68,535,714$0$0$28,565,829
100$75,288,221$0$0$31,389,282