Can I retire at age 46 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$79,276$78,570$77,881$77,208$76,552$74,430
2 years$39,245$38,515$37,806$37,119$36,453$34,331
3 years$25,904$25,170$24,463$23,783$23,127$21,072
4 years$19,234$18,502$17,803$17,134$16,495$14,521
5 years$15,234$14,506$13,816$13,161$12,539$10,653
6 years$12,567$11,845$11,165$10,525$9,922$8,125
7 years$10,664$9,948$9,278$8,653$8,069$6,362
8 years$9,236$8,527$7,869$7,259$6,694$5,075
9 years$8,127$7,424$6,777$6,183$5,637$4,106
10 years$7,240$6,544$5,909$5,330$4,803$3,357
11 years$6,515$5,826$5,202$4,638$4,131$2,767
12 years$5,911$5,229$4,617$4,068$3,580$2,296
13 years$5,400$4,725$4,125$3,592$3,122$1,915
14 years$4,963$4,295$3,706$3,188$2,736$1,604
15 years$4,584$3,924$3,346$2,844$2,409$1,349
16 years$4,253$3,600$3,034$2,546$2,129$1,137
17 years$3,961$3,316$2,760$2,288$1,888$961
18 years$3,702$3,064$2,520$2,062$1,679$814
19 years$3,471$2,839$2,307$1,863$1,496$690
20 years$3,263$2,639$2,117$1,687$1,337$586
21 years$3,075$2,458$1,947$1,531$1,196$499
22 years$2,904$2,294$1,795$1,392$1,072$424
23 years$2,748$2,146$1,657$1,268$962$362
24 years$2,606$2,010$1,533$1,156$865$308
25 years$2,475$1,887$1,420$1,056$778$263
26 years$2,354$1,773$1,317$966$701$225
27 years$2,243$1,669$1,223$884$632$192
28 years$2,140$1,572$1,136$810$570$164
29 years$2,044$1,483$1,058$743$515$140
30 years$1,954$1,401$985$682$465$120
31 years$1,871$1,324$918$626$421$102
32 years$1,792$1,253$857$575$381$87
33 years$1,719$1,187$800$529$344$75
34 years$1,650$1,125$748$487$312$64
35 years$1,586$1,067$699$448$282$55
36 years$1,525$1,013$654$413$256$47
37 years$1,467$962$612$380$232$40
38 years$1,413$914$573$350$210$34
39 years$1,361$869$537$323$191$29
40 years$1,312$827$503$298$173$25
41 years$1,266$787$472$275$157$22
42 years$1,222$750$443$254$142$18
43 years$1,180$714$415$234$129$16
44 years$1,141$681$390$216$117$13
45 years$1,103$649$366$200$106$12
46 years$1,067$619$344$185$97$10
47 years$1,032$591$323$170$88$8
48 years$999$564$304$158$80$7
49 years$967$539$285$146$72$6
50 years$937$515$268$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $960,000, adding $5,613 every year, while hoping to spend $29,741 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: 46/48/6 Blend
45$960,000$960,000$960,000$960,000
46$1,063,710$1,012,830$997,950$1,110,659
47$1,140,564$1,030,814$999,737$1,161,497
48$1,224,261$1,048,683$1,000,587$1,213,046
49$1,315,466$1,066,399$1,000,438$1,268,266
50$1,414,914$1,083,923$999,223$1,327,503
51$1,523,411$1,101,212$996,873$1,391,141
52$1,641,847$1,118,219$993,316$1,459,603
53$1,771,199$1,134,896$988,476$1,533,356
54$1,912,545$1,151,189$982,273$1,612,913
55$2,067,069$1,167,041$974,624$1,698,842
56$2,236,077$1,182,394$965,441$1,791,769
57$2,421,006$1,197,180$954,632$1,892,384
58$2,623,439$1,211,332$942,103$2,001,448
59$2,845,118$1,224,776$927,751$2,119,803
60$3,087,962$1,237,432$911,473$2,248,373
61$3,354,084$1,249,216$893,157$2,388,182
62$3,645,812$1,260,039$872,690$2,540,356
63$3,965,709$1,269,805$849,949$2,706,141
64$4,316,599$1,278,413$824,809$2,886,907
65$4,701,590$1,285,753$797,138$3,084,169
66$5,124,108$1,291,711$766,798$3,299,597
67$5,587,926$1,296,164$733,645$3,535,032
68$6,097,200$1,298,982$697,528$3,792,507
69$6,656,509$1,300,025$658,289$4,074,263
70$7,270,894$1,299,148$615,764$4,382,771
71$7,945,913$1,296,194$569,779$4,720,760
72$8,687,685$1,290,997$520,156$5,091,237
73$9,502,954$1,283,381$466,706$5,497,521
74$10,399,148$1,273,159$409,233$5,943,270
75$11,384,450$1,260,133$347,532$6,432,521
76$12,467,878$1,244,093$281,388$6,969,727
77$13,659,365$1,224,817$210,578$7,559,797
78$14,969,857$1,202,070$134,869$8,208,145
79$16,411,411$1,175,600$54,016$8,920,746
80$17,997,315$1,145,145$0$9,704,183
81$19,742,207$1,110,423$0$10,567,788
82$21,662,217$1,071,139$0$11,521,329
83$23,775,117$1,026,978$0$12,570,195
84$26,100,488$977,609$0$13,724,146
85$28,659,907$922,680$0$14,993,941
86$31,477,147$861,821$0$16,391,447
87$34,578,404$794,639$0$17,929,743
88$37,992,543$720,718$0$19,623,254
89$41,751,370$639,620$0$21,487,881
90$45,889,929$550,882$0$23,541,156
91$50,446,839$454,012$0$25,802,409
92$55,464,653$348,495$0$28,292,950
93$60,990,258$233,782$0$31,036,272
94$67,075,325$109,297$0$34,058,276
95$73,776,785$0$0$37,387,517
96$81,157,378$0$0$41,068,979
97$89,286,235$0$0$45,187,413
98$98,239,536$0$0$49,723,703
99$108,101,226$0$0$54,720,401
100$118,963,808$0$0$60,224,395