Can I retire at age 46 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$78,450$77,751$77,070$76,404$75,754$72,777
2 years$38,837$38,113$37,412$36,733$36,073$33,111
3 years$25,634$24,908$24,208$23,535$22,887$20,031
4 years$19,034$18,310$17,617$16,956$16,323$13,597
5 years$15,075$14,355$13,672$13,024$12,408$9,818
6 years$12,436$11,722$11,049$10,415$9,818$7,366
7 years$10,552$9,844$9,182$8,563$7,985$5,670
8 years$9,140$8,438$7,787$7,183$6,624$4,444
9 years$8,042$7,347$6,707$6,118$5,579$3,529
10 years$7,165$6,476$5,847$5,274$4,753$2,831
11 years$6,447$5,765$5,148$4,590$4,088$2,289
12 years$5,849$5,175$4,568$4,026$3,543$1,862
13 years$5,344$4,676$4,082$3,554$3,089$1,522
14 years$4,911$4,251$3,667$3,155$2,708$1,248
15 years$4,536$3,883$3,311$2,814$2,384$1,027
16 years$4,209$3,563$3,002$2,520$2,107$848
17 years$3,920$3,281$2,732$2,264$1,868$701
18 years$3,664$3,032$2,494$2,040$1,661$580
19 years$3,435$2,810$2,283$1,843$1,481$481
20 years$3,229$2,611$2,095$1,670$1,323$399
21 years$3,043$2,432$1,927$1,515$1,184$332
22 years$2,874$2,270$1,776$1,378$1,061$276
23 years$2,720$2,123$1,640$1,255$952$230
24 years$2,579$1,989$1,517$1,144$856$191
25 years$2,449$1,867$1,405$1,045$770$159
26 years$2,330$1,755$1,303$956$694$133
27 years$2,220$1,651$1,210$875$626$111
28 years$2,117$1,556$1,125$801$564$92
29 years$2,022$1,468$1,047$735$510$77
30 years$1,934$1,386$975$674$461$64
31 years$1,851$1,311$909$619$416$53
32 years$1,774$1,240$848$569$377$45
33 years$1,701$1,174$792$523$341$37
34 years$1,633$1,113$740$482$309$31
35 years$1,569$1,056$692$443$280$26
36 years$1,509$1,002$647$408$253$22
37 years$1,452$952$606$376$230$18
38 years$1,398$904$567$347$208$15
39 years$1,347$860$531$320$189$13
40 years$1,299$818$498$295$171$10
41 years$1,253$779$467$272$155$9
42 years$1,209$742$438$251$141$7
43 years$1,168$707$411$232$128$6
44 years$1,129$674$386$214$116$5
45 years$1,091$642$362$198$105$4
46 years$1,055$613$340$183$96$4
47 years$1,021$585$320$169$87$3
48 years$989$558$300$156$79$2
49 years$957$533$282$144$72$2
50 years$928$509$265$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $950,000, adding $2,143 every year, while hoping to spend $39,167 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: 47/36/17 Blend
45$950,000$950,000$950,000$950,000
46$1,049,111$998,761$984,036$1,093,281
47$1,114,446$1,006,026$975,327$1,131,463
48$1,185,134$1,012,336$965,015$1,168,739
49$1,261,677$1,017,600$953,003$1,208,358
50$1,344,632$1,021,725$939,191$1,250,554
51$1,434,606$1,024,612$923,477$1,295,587
52$1,532,273$1,026,155$905,749$1,343,746
53$1,638,368$1,026,240$885,895$1,395,350
54$1,753,703$1,024,748$863,795$1,450,754
55$1,879,172$1,021,551$839,323$1,510,349
56$2,015,757$1,016,516$812,350$1,574,571
57$2,164,538$1,009,499$782,737$1,643,901
58$2,326,704$1,000,348$750,342$1,718,874
59$2,503,565$988,902$715,015$1,800,079
60$2,696,561$974,991$676,601$1,888,173
61$2,907,278$958,433$634,935$1,983,878
62$3,137,461$939,038$589,847$2,087,998
63$3,389,034$916,602$541,157$2,201,419
64$3,664,110$890,910$488,681$2,325,124
65$3,965,020$861,736$432,223$2,460,199
66$4,294,329$828,837$371,579$2,607,846
67$4,654,861$791,961$306,537$2,769,395
68$5,049,726$750,836$236,876$2,946,316
69$5,482,350$705,179$162,363$3,140,235
70$5,956,504$654,687$82,757$3,352,950
71$6,476,343$599,043$0$3,586,447
72$7,046,443$537,908$0$3,843,321
73$7,671,842$470,928$0$4,141,648
74$8,358,091$397,725$0$4,469,133
75$9,111,306$317,902$0$4,828,792
76$9,938,219$231,040$0$5,223,955
77$10,846,252$136,695$0$5,658,296
78$11,843,575$34,399$0$6,135,870
79$12,939,192$0$0$6,661,155
80$14,143,020$0$0$7,269,331
81$15,465,985$0$0$7,952,787
82$16,920,125$0$0$8,704,128
83$18,518,701$0$0$9,530,220
84$20,276,321$0$0$10,438,630
85$22,209,084$0$0$11,437,691
86$24,334,723$0$0$12,536,588
87$26,672,776$0$0$13,745,439
88$29,244,773$0$0$15,075,391
89$32,074,431$0$0$16,538,727
90$35,187,885$0$0$18,148,981
91$38,613,930$0$0$19,921,066
92$42,384,294$0$0$21,871,411
93$46,533,934$0$0$24,018,121
94$51,101,371$0$0$26,381,143
95$56,129,047$0$0$28,982,459
96$61,663,729$0$0$31,846,288
97$67,756,948$0$0$34,999,318
98$74,465,487$0$0$38,470,955
99$81,851,912$0$0$42,293,603
100$89,985,168$0$0$46,502,967