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%11.4%
1 years$78,450$77,751$77,070$76,404$75,754$75,308
2 years$38,837$38,113$37,412$36,733$36,073$35,624
3 years$25,634$24,908$24,208$23,535$22,887$22,447
4 years$19,034$18,310$17,617$16,956$16,323$15,896
5 years$15,075$14,355$13,672$13,024$12,408$11,997
6 years$12,436$11,722$11,049$10,415$9,818$9,422
7 years$10,552$9,844$9,182$8,563$7,985$7,604
8 years$9,140$8,438$7,787$7,183$6,624$6,258
9 years$8,042$7,347$6,707$6,118$5,579$5,228
10 years$7,165$6,476$5,847$5,274$4,753$4,418
11 years$6,447$5,765$5,148$4,590$4,088$3,767
12 years$5,849$5,175$4,568$4,026$3,543$3,236
13 years$5,344$4,676$4,082$3,554$3,089$2,797
14 years$4,911$4,251$3,667$3,155$2,708$2,430
15 years$4,536$3,883$3,311$2,814$2,384$2,120
16 years$4,209$3,563$3,002$2,520$2,107$1,856
17 years$3,920$3,281$2,732$2,264$1,868$1,630
18 years$3,664$3,032$2,494$2,040$1,661$1,435
19 years$3,435$2,810$2,283$1,843$1,481$1,267
20 years$3,229$2,611$2,095$1,670$1,323$1,120
21 years$3,043$2,432$1,927$1,515$1,184$992
22 years$2,874$2,270$1,776$1,378$1,061$880
23 years$2,720$2,123$1,640$1,255$952$782
24 years$2,579$1,989$1,517$1,144$856$696
25 years$2,449$1,867$1,405$1,045$770$619
26 years$2,330$1,755$1,303$956$694$552
27 years$2,220$1,651$1,210$875$626$492
28 years$2,117$1,556$1,125$801$564$439
29 years$2,022$1,468$1,047$735$510$392
30 years$1,934$1,386$975$674$461$350
31 years$1,851$1,311$909$619$416$313
32 years$1,774$1,240$848$569$377$280
33 years$1,701$1,174$792$523$341$251
34 years$1,633$1,113$740$482$309$224
35 years$1,569$1,056$692$443$280$201
36 years$1,509$1,002$647$408$253$180
37 years$1,452$952$606$376$230$161
38 years$1,398$904$567$347$208$144
39 years$1,347$860$531$320$189$129
40 years$1,299$818$498$295$171$116
41 years$1,253$779$467$272$155$104
42 years$1,209$742$438$251$141$93
43 years$1,168$707$411$232$128$84
44 years$1,129$674$386$214$116$75
45 years$1,091$642$362$198$105$67
46 years$1,055$613$340$183$96$60
47 years$1,021$585$320$169$87$54
48 years$989$558$300$156$79$48
49 years$957$533$282$144$72$44
50 years$928$509$265$133$65$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $950,000, adding $6,924 every year, while hoping to spend $50,381 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: 73/20/7 Blend
45$950,000$950,000$950,000$950,000
46$1,054,042$1,003,692$988,967$1,129,438
47$1,107,949$999,268$968,493$1,175,655
48$1,165,667$992,939$945,643$1,219,252
49$1,227,529$984,557$920,287$1,265,576
50$1,293,905$973,969$892,285$1,314,881
51$1,365,199$961,008$861,491$1,367,447
52$1,441,852$945,501$827,755$1,423,584
53$1,524,353$927,262$790,916$1,483,631
54$1,613,234$906,095$750,809$1,547,967
55$1,709,084$881,794$707,261$1,617,006
56$1,812,546$854,137$660,090$1,691,210
57$1,924,329$822,893$609,106$1,771,085
58$2,045,211$787,816$554,112$1,857,192
59$2,176,049$748,644$494,900$1,950,149
60$2,317,781$705,104$431,255$2,050,640
61$2,471,444$656,902$362,951$2,159,420
62$2,638,173$603,733$289,752$2,277,323
63$2,819,220$545,269$211,412$2,405,267
64$3,015,961$481,167$127,674$2,544,271
65$3,229,908$411,063$38,270$2,695,454
66$3,462,726$334,573$0$2,860,058
67$3,716,248$251,292$0$3,043,716
68$3,992,490$160,789$0$3,246,998
69$4,293,670$62,614$0$3,468,734
70$4,622,229$0$0$3,710,787
71$4,980,856$0$0$3,984,834
72$5,372,507$0$0$4,299,207
73$5,800,441$0$0$4,642,746
74$6,268,242$0$0$5,018,334
75$6,779,858$0$0$5,429,145
76$7,339,635$0$0$5,878,676
77$7,952,358$0$0$6,370,776
78$8,623,297$0$0$6,909,683
79$9,358,256$0$0$7,500,064
80$10,163,625$0$0$8,147,061
81$11,046,443$0$0$8,856,333
82$12,014,461$0$0$9,634,118
83$13,076,218$0$0$10,487,281
84$14,241,117$0$0$11,423,387
85$15,519,515$0$0$12,450,767
86$16,922,824$0$0$13,578,600
87$18,463,609$0$0$14,816,993
88$20,155,717$0$0$16,177,085
89$22,014,397$0$0$17,671,141
90$24,056,451$0$0$19,312,677
91$26,300,387$0$0$21,116,581
92$28,766,595$0$0$23,099,254
93$31,477,539$0$0$25,278,766
94$34,457,966$0$0$27,675,026
95$37,735,143$0$0$30,309,965
96$41,339,110$0$0$33,207,749
97$45,302,963$0$0$36,395,002
98$49,663,168$0$0$39,901,056
99$54,459,902$0$0$43,758,231
100$59,737,433$0$0$48,002,136