Can I retire at age 46 with 940,000?

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 $940,000?

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$77,624$76,933$76,258$75,600$74,957$74,020
2 years$38,428$37,712$37,019$36,346$35,694$34,751
3 years$25,364$24,645$23,953$23,287$22,646$21,727
4 years$18,834$18,117$17,432$16,777$16,151$15,263
5 years$14,916$14,204$13,528$12,886$12,278$11,422
6 years$12,305$11,599$10,933$10,305$9,715$8,894
7 years$10,441$9,740$9,085$8,473$7,901$7,114
8 years$9,044$8,349$7,705$7,108$6,555$5,802
9 years$7,958$7,270$6,636$6,054$5,520$4,802
10 years$7,089$6,408$5,786$5,219$4,703$4,019
11 years$6,379$5,704$5,094$4,542$4,045$3,393
12 years$5,788$5,120$4,520$3,984$3,505$2,886
13 years$5,288$4,627$4,039$3,517$3,057$2,469
14 years$4,859$4,206$3,629$3,122$2,679$2,122
15 years$4,489$3,842$3,276$2,784$2,359$1,831
16 years$4,165$3,525$2,970$2,493$2,085$1,586
17 years$3,879$3,246$2,703$2,240$1,849$1,377
18 years$3,625$3,000$2,467$2,019$1,644$1,199
19 years$3,399$2,780$2,259$1,824$1,465$1,046
20 years$3,195$2,584$2,073$1,652$1,309$914
21 years$3,011$2,406$1,907$1,499$1,171$800
22 years$2,843$2,246$1,757$1,363$1,050$702
23 years$2,691$2,101$1,623$1,242$942$616
24 years$2,552$1,968$1,501$1,132$847$541
25 years$2,423$1,847$1,390$1,034$762$476
26 years$2,305$1,736$1,289$946$687$419
27 years$2,196$1,634$1,197$865$619$369
28 years$2,095$1,540$1,113$793$559$325
29 years$2,001$1,452$1,036$727$504$286
30 years$1,913$1,372$965$667$456$252
31 years$1,832$1,297$899$613$412$223
32 years$1,755$1,227$839$563$373$197
33 years$1,683$1,162$783$518$337$174
34 years$1,616$1,101$732$477$305$153
35 years$1,553$1,045$684$439$277$135
36 years$1,493$991$640$404$251$120
37 years$1,437$942$599$372$227$106
38 years$1,383$895$561$343$206$93
39 years$1,333$851$526$316$187$83
40 years$1,285$810$493$292$169$73
41 years$1,240$771$462$269$154$65
42 years$1,197$734$433$248$139$57
43 years$1,156$699$407$229$127$50
44 years$1,117$667$382$212$115$45
45 years$1,080$636$358$196$104$39
46 years$1,044$606$337$181$95$35
47 years$1,011$579$316$167$86$31
48 years$978$552$297$154$78$27
49 years$947$528$279$143$71$24
50 years$918$504$263$132$64$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $940,000, adding $4,443 every year, while hoping to spend $54,439 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: 57/25/18 Blend
45$940,000$940,000$940,000$940,000
46$1,040,463$990,643$976,073$1,094,581
47$1,088,668$981,262$950,849$1,122,484
48$1,139,964$969,596$922,955$1,146,597
49$1,194,611$955,477$892,245$1,171,651
50$1,252,891$938,725$858,564$1,197,749
51$1,315,113$919,150$821,753$1,225,004
52$1,381,616$896,549$781,643$1,253,546
53$1,452,772$870,711$738,059$1,283,521
54$1,528,987$841,409$690,817$1,315,090
55$1,610,710$808,404$639,725$1,348,436
56$1,698,430$771,443$584,584$1,383,765
57$1,792,686$730,260$525,183$1,421,304
58$1,894,067$684,570$461,304$1,461,311
59$2,003,223$634,075$392,719$1,504,071
60$2,120,866$578,459$319,190$1,549,905
61$2,247,778$517,387$240,466$1,599,171
62$2,384,818$450,506$156,288$1,652,268
63$2,532,931$377,442$66,386$1,709,640
64$2,693,155$297,802$0$1,771,784
65$2,866,630$211,167$0$1,844,928
66$3,054,611$117,099$0$1,937,988
67$3,258,477$15,133$0$2,038,943
68$3,479,745$0$0$2,148,617
69$3,720,082$0$0$2,294,118
70$3,981,324$0$0$2,456,873
71$4,265,489$0$0$2,633,984
72$4,574,798$0$0$2,826,845
73$4,911,695$0$0$3,036,990
74$5,278,869$0$0$3,266,107
75$5,679,280$0$0$3,516,053
76$6,116,184$0$0$3,788,873
77$6,593,167$0$0$4,086,818
78$7,114,176$0$0$4,412,364
79$7,683,556$0$0$4,768,240
80$8,306,091$0$0$5,157,449
81$8,987,047$0$0$5,583,296
82$9,732,222$0$0$6,049,423
83$10,548,004$0$0$6,559,839
84$11,441,422$0$0$7,118,959
85$12,420,221$0$0$7,731,644
86$13,492,929$0$0$8,403,250
87$14,668,937$0$0$9,139,673
88$15,958,589$0$0$9,947,409
89$17,373,278$0$0$10,833,613
90$18,925,554$0$0$11,806,163
91$20,629,237$0$0$12,873,740
92$22,499,555$0$0$14,045,906
93$24,553,279$0$0$15,333,192
94$26,808,883$0$0$16,747,202
95$29,286,722$0$0$18,300,717
96$32,009,214$0$0$20,007,817
97$35,001,061$0$0$21,884,014
98$38,289,474$0$0$23,946,399
99$41,904,432$0$0$26,213,799
100$45,878,962$0$0$28,706,957