Can I retire at age 46 with 940,000?

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 $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%14.9%
1 years$77,624$76,933$76,258$75,600$74,957$73,443
2 years$38,428$37,712$37,019$36,346$35,694$34,176
3 years$25,364$24,645$23,953$23,287$22,646$21,170
4 years$18,834$18,117$17,432$16,777$16,151$14,730
5 years$14,916$14,204$13,528$12,886$12,278$10,914
6 years$12,305$11,599$10,933$10,305$9,715$8,411
7 years$10,441$9,740$9,085$8,473$7,901$6,657
8 years$9,044$8,349$7,705$7,108$6,555$5,370
9 years$7,958$7,270$6,636$6,054$5,520$4,394
10 years$7,089$6,408$5,786$5,219$4,703$3,635
11 years$6,379$5,704$5,094$4,542$4,045$3,033
12 years$5,788$5,120$4,520$3,984$3,505$2,548
13 years$5,288$4,627$4,039$3,517$3,057$2,153
14 years$4,859$4,206$3,629$3,122$2,679$1,827
15 years$4,489$3,842$3,276$2,784$2,359$1,556
16 years$4,165$3,525$2,970$2,493$2,085$1,330
17 years$3,879$3,246$2,703$2,240$1,849$1,140
18 years$3,625$3,000$2,467$2,019$1,644$979
19 years$3,399$2,780$2,259$1,824$1,465$842
20 years$3,195$2,584$2,073$1,652$1,309$725
21 years$3,011$2,406$1,907$1,499$1,171$626
22 years$2,843$2,246$1,757$1,363$1,050$541
23 years$2,691$2,101$1,623$1,242$942$468
24 years$2,552$1,968$1,501$1,132$847$405
25 years$2,423$1,847$1,390$1,034$762$351
26 years$2,305$1,736$1,289$946$687$304
27 years$2,196$1,634$1,197$865$619$264
28 years$2,095$1,540$1,113$793$559$229
29 years$2,001$1,452$1,036$727$504$198
30 years$1,913$1,372$965$667$456$172
31 years$1,832$1,297$899$613$412$150
32 years$1,755$1,227$839$563$373$130
33 years$1,683$1,162$783$518$337$113
34 years$1,616$1,101$732$477$305$98
35 years$1,553$1,045$684$439$277$85
36 years$1,493$991$640$404$251$74
37 years$1,437$942$599$372$227$65
38 years$1,383$895$561$343$206$56
39 years$1,333$851$526$316$187$49
40 years$1,285$810$493$292$169$42
41 years$1,240$771$462$269$154$37
42 years$1,197$734$433$248$139$32
43 years$1,156$699$407$229$127$28
44 years$1,117$667$382$212$115$24
45 years$1,080$636$358$196$104$21
46 years$1,044$606$337$181$95$18
47 years$1,011$579$316$167$86$16
48 years$978$552$297$154$78$14
49 years$947$528$279$143$71$12
50 years$918$504$263$132$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $940,000, adding $6,910 every year, while hoping to spend $41,124 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: 62/9/29 Blend
45$940,000$940,000$940,000$940,000
46$1,043,008$993,188$978,618$1,099,146
47$1,105,639$998,098$967,646$1,143,050
48$1,173,280$1,001,871$954,928$1,185,917
49$1,246,399$1,004,407$940,362$1,231,858
50$1,325,510$1,005,601$923,842$1,281,185
51$1,411,177$1,005,341$905,256$1,334,238
52$1,504,022$1,003,507$884,487$1,391,396
53$1,604,727$999,974$861,413$1,453,077
54$1,714,044$994,608$835,905$1,519,744
55$1,832,799$987,267$807,831$1,591,907
56$1,961,901$977,799$777,049$1,670,132
57$2,102,349$966,045$743,414$1,755,042
58$2,255,243$951,836$706,774$1,847,327
59$2,421,794$934,992$666,966$1,947,751
60$2,603,334$915,323$623,826$2,057,153
61$2,801,327$892,627$577,178$2,176,466
62$3,017,388$866,691$526,839$2,306,716
63$3,253,293$837,290$472,619$2,449,039
64$3,510,996$804,185$414,319$2,604,689
65$3,792,649$767,122$351,730$2,775,048
66$4,100,623$725,834$284,637$2,961,648
67$4,437,525$680,038$212,811$3,166,174
68$4,806,228$629,436$136,015$3,390,491
69$5,209,895$573,710$54,004$3,636,656
70$5,652,010$512,527$0$3,906,940
71$6,136,407$445,534$0$4,214,222
72$6,667,312$372,356$0$4,569,403
73$7,249,376$292,599$0$4,958,897
74$7,887,723$205,848$0$5,386,165
75$8,587,998$111,661$0$5,855,021
76$9,356,416$9,575$0$6,369,666
77$10,199,825$0$0$6,934,733
78$11,125,766$0$0$7,565,318
79$12,142,549$0$0$8,258,883
80$13,259,325$0$0$9,020,731
81$14,486,177$0$0$9,857,751
82$15,834,211$0$0$10,777,528
83$17,315,664$0$0$11,788,423
84$18,944,015$0$0$12,899,645
85$20,734,116$0$0$14,121,338
86$22,702,328$0$0$15,464,681
87$24,866,678$0$0$16,941,988
88$27,247,027$0$0$18,566,827
89$29,865,255$0$0$20,354,148
90$32,745,471$0$0$22,320,421
91$35,914,240$0$0$24,483,794
92$39,400,828$0$0$26,864,261
93$43,237,483$0$0$29,483,855
94$47,459,736$0$0$32,366,849
95$52,106,739$0$0$35,539,991
96$57,221,628$0$0$39,032,754
97$62,851,936$0$0$42,877,610
98$69,050,037$0$0$47,110,342
99$75,873,641$0$0$51,770,377
100$83,386,338$0$0$56,901,163