Can I retire at age 46 with 950,000?

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 $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%18.1%
1 years$78,450$77,751$77,070$76,404$75,754$73,271
2 years$38,837$38,113$37,412$36,733$36,073$33,595
3 years$25,634$24,908$24,208$23,535$22,887$20,491
4 years$19,034$18,310$17,617$16,956$16,323$14,029
5 years$15,075$14,355$13,672$13,024$12,408$10,221
6 years$12,436$11,722$11,049$10,415$9,818$7,741
7 years$10,552$9,844$9,182$8,563$7,985$6,016
8 years$9,140$8,438$7,787$7,183$6,624$4,763
9 years$8,042$7,347$6,707$6,118$5,579$3,823
10 years$7,165$6,476$5,847$5,274$4,753$3,100
11 years$6,447$5,765$5,148$4,590$4,088$2,534
12 years$5,849$5,175$4,568$4,026$3,543$2,085
13 years$5,344$4,676$4,082$3,554$3,089$1,724
14 years$4,911$4,251$3,667$3,155$2,708$1,431
15 years$4,536$3,883$3,311$2,814$2,384$1,192
16 years$4,209$3,563$3,002$2,520$2,107$996
17 years$3,920$3,281$2,732$2,264$1,868$833
18 years$3,664$3,032$2,494$2,040$1,661$699
19 years$3,435$2,810$2,283$1,843$1,481$587
20 years$3,229$2,611$2,095$1,670$1,323$494
21 years$3,043$2,432$1,927$1,515$1,184$416
22 years$2,874$2,270$1,776$1,378$1,061$350
23 years$2,720$2,123$1,640$1,255$952$295
24 years$2,579$1,989$1,517$1,144$856$249
25 years$2,449$1,867$1,405$1,045$770$210
26 years$2,330$1,755$1,303$956$694$178
27 years$2,220$1,651$1,210$875$626$150
28 years$2,117$1,556$1,125$801$564$127
29 years$2,022$1,468$1,047$735$510$107
30 years$1,934$1,386$975$674$461$91
31 years$1,851$1,311$909$619$416$77
32 years$1,774$1,240$848$569$377$65
33 years$1,701$1,174$792$523$341$55
34 years$1,633$1,113$740$482$309$47
35 years$1,569$1,056$692$443$280$39
36 years$1,509$1,002$647$408$253$33
37 years$1,452$952$606$376$230$28
38 years$1,398$904$567$347$208$24
39 years$1,347$860$531$320$189$20
40 years$1,299$818$498$295$171$17
41 years$1,253$779$467$272$155$14
42 years$1,209$742$438$251$141$12
43 years$1,168$707$411$232$128$10
44 years$1,129$674$386$214$116$9
45 years$1,091$642$362$198$105$7
46 years$1,055$613$340$183$96$6
47 years$1,021$585$320$169$87$5
48 years$989$558$300$156$79$5
49 years$957$533$282$144$72$4
50 years$928$509$265$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $950,000, adding $5,655 every year, while hoping to spend $53,658 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: 46/40/14 Blend
45$950,000$950,000$950,000$950,000
46$1,052,733$1,002,383$987,658$1,096,740
47$1,103,020$994,408$963,653$1,119,893
48$1,156,638$984,244$937,045$1,139,087
49$1,213,870$971,727$907,691$1,158,731
50$1,275,026$956,683$875,440$1,178,890
51$1,340,447$938,928$840,135$1,199,635
52$1,410,504$918,267$801,611$1,221,050
53$1,485,607$894,494$759,697$1,243,231
54$1,566,204$867,390$714,212$1,266,288
55$1,652,788$836,723$664,970$1,290,345
56$1,745,899$802,249$611,772$1,315,547
57$1,846,130$763,708$554,415$1,342,054
58$1,954,131$720,826$492,685$1,370,052
59$2,070,620$673,313$426,357$1,399,749
60$2,196,380$620,863$355,197$1,431,381
61$2,332,278$563,152$278,963$1,465,216
62$2,479,260$499,836$197,398$1,501,553
63$2,638,371$430,555$110,237$1,540,732
64$2,810,757$354,924$17,203$1,583,132
65$2,997,680$272,541$0$1,629,183
66$3,200,526$182,978$0$1,691,626
67$3,420,821$85,785$0$1,762,277
68$3,660,241$0$0$1,839,215
69$3,920,633$0$0$1,931,753
70$4,204,027$0$0$2,073,656
71$4,512,657$0$0$2,228,297
72$4,848,982$0$0$2,396,921
73$5,215,707$0$0$2,580,895
74$5,615,810$0$0$2,781,729
75$6,052,568$0$0$3,001,082
76$6,529,590$0$0$3,240,781
77$7,050,848$0$0$3,502,837
78$7,620,714$0$0$3,789,466
79$8,244,003$0$0$4,103,104
80$8,926,016$0$0$4,446,437
81$9,672,589$0$0$4,822,423
82$10,490,150$0$0$5,234,316
83$11,385,778$0$0$5,685,702
84$12,367,268$0$0$6,180,530
85$13,443,203$0$0$6,723,150
86$14,623,041$0$0$7,318,351
87$15,917,193$0$0$7,971,411
88$17,337,131$0$0$8,688,139
89$18,895,488$0$0$9,474,940
90$20,606,183$0$0$10,338,862
91$22,484,543$0$0$11,287,676
92$24,547,457$0$0$12,329,938
93$26,813,528$0$0$13,475,074
94$29,303,248$0$0$14,733,469
95$32,039,193$0$0$16,116,565
96$35,046,236$0$0$17,636,966
97$38,351,777$0$0$19,308,558
98$41,986,004$0$0$21,146,640
99$45,982,177$0$0$23,168,067
100$50,376,937$0$0$25,391,411