Can I retire at age 46 with 960,000?

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 $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%12.8%
1 years$79,276$78,570$77,881$77,208$76,552$75,658
2 years$39,245$38,515$37,806$37,119$36,453$35,554
3 years$25,904$25,170$24,463$23,783$23,127$22,250
4 years$19,234$18,502$17,803$17,134$16,495$15,646
5 years$15,234$14,506$13,816$13,161$12,539$11,722
6 years$12,567$11,845$11,165$10,525$9,922$9,137
7 years$10,664$9,948$9,278$8,653$8,069$7,317
8 years$9,236$8,527$7,869$7,259$6,694$5,974
9 years$8,127$7,424$6,777$6,183$5,637$4,950
10 years$7,240$6,544$5,909$5,330$4,803$4,147
11 years$6,515$5,826$5,202$4,638$4,131$3,506
12 years$5,911$5,229$4,617$4,068$3,580$2,986
13 years$5,400$4,725$4,125$3,592$3,122$2,558
14 years$4,963$4,295$3,706$3,188$2,736$2,201
15 years$4,584$3,924$3,346$2,844$2,409$1,902
16 years$4,253$3,600$3,034$2,546$2,129$1,650
17 years$3,961$3,316$2,760$2,288$1,888$1,435
18 years$3,702$3,064$2,520$2,062$1,679$1,251
19 years$3,471$2,839$2,307$1,863$1,496$1,093
20 years$3,263$2,639$2,117$1,687$1,337$957
21 years$3,075$2,458$1,947$1,531$1,196$839
22 years$2,904$2,294$1,795$1,392$1,072$736
23 years$2,748$2,146$1,657$1,268$962$647
24 years$2,606$2,010$1,533$1,156$865$569
25 years$2,475$1,887$1,420$1,056$778$501
26 years$2,354$1,773$1,317$966$701$442
27 years$2,243$1,669$1,223$884$632$390
28 years$2,140$1,572$1,136$810$570$344
29 years$2,044$1,483$1,058$743$515$304
30 years$1,954$1,401$985$682$465$268
31 years$1,871$1,324$918$626$421$237
32 years$1,792$1,253$857$575$381$210
33 years$1,719$1,187$800$529$344$185
34 years$1,650$1,125$748$487$312$164
35 years$1,586$1,067$699$448$282$145
36 years$1,525$1,013$654$413$256$128
37 years$1,467$962$612$380$232$114
38 years$1,413$914$573$350$210$101
39 years$1,361$869$537$323$191$89
40 years$1,312$827$503$298$173$79
41 years$1,266$787$472$275$157$70
42 years$1,222$750$443$254$142$62
43 years$1,180$714$415$234$129$55
44 years$1,141$681$390$216$117$49
45 years$1,103$649$366$200$106$43
46 years$1,067$619$344$185$97$38
47 years$1,032$591$323$170$88$34
48 years$999$564$304$158$80$30
49 years$967$539$285$146$72$27
50 years$937$515$268$135$66$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $960,000, adding $4,900 every year, while hoping to spend $36,554 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: 62/24/14 Blend
45$960,000$960,000$960,000$960,000
46$1,062,974$1,012,094$997,214$1,124,956
47$1,132,505$1,022,794$991,728$1,177,863
48$1,207,902$1,032,792$984,832$1,230,995
49$1,289,726$1,042,017$976,442$1,288,110
50$1,378,592$1,050,390$966,468$1,349,595
51$1,475,178$1,057,829$954,814$1,415,881
52$1,580,229$1,064,246$941,383$1,487,439
53$1,694,565$1,069,546$926,072$1,564,790
54$1,819,087$1,073,631$908,772$1,648,511
55$1,954,788$1,076,393$889,370$1,739,237
56$2,102,761$1,077,720$867,748$1,837,669
57$2,264,207$1,077,493$843,782$1,944,580
58$2,440,451$1,075,584$817,343$2,060,823
59$2,632,947$1,071,859$788,295$2,187,341
60$2,843,301$1,066,173$756,496$2,325,173
61$3,073,278$1,058,375$721,798$2,475,464
62$3,324,820$1,048,304$684,047$2,639,481
63$3,600,070$1,035,789$643,080$2,818,620
64$3,901,382$1,020,648$598,729$3,014,420
65$4,231,353$1,002,689$550,816$3,228,580
66$4,592,839$981,709$499,156$3,462,977
67$4,988,989$957,493$443,558$3,719,677
68$5,423,268$929,812$383,819$4,000,963
69$5,899,493$898,425$319,730$4,309,351
70$6,421,870$863,076$251,069$4,647,619
71$6,995,029$823,495$177,608$5,018,829
72$7,624,071$779,396$99,107$5,426,360
73$8,314,615$730,475$15,316$5,873,940
74$9,072,850$676,413$0$6,365,678
75$9,905,596$616,872$0$6,917,178
76$10,820,361$551,493$0$7,525,533
77$11,825,422$479,900$0$8,194,011
78$12,929,891$401,692$0$8,928,737
79$14,143,813$316,448$0$9,736,467
80$15,478,249$223,721$0$10,624,648
81$16,945,389$123,041$0$11,601,488
82$18,558,660$13,912$0$12,676,036
83$20,332,857$0$0$13,858,269
84$22,284,281$0$0$15,186,700
85$24,430,890$0$0$16,652,127
86$26,792,472$0$0$18,264,393
87$29,390,828$0$0$20,038,393
88$32,249,982$0$0$21,990,539
89$35,396,399$0$0$24,138,913
90$38,859,244$0$0$26,503,440
91$42,670,650$0$0$29,106,072
92$46,866,024$0$0$31,971,001
93$51,484,380$0$0$35,124,879
94$56,568,706$0$0$38,597,078
95$62,166,369$0$0$42,419,959
96$68,329,566$0$0$46,629,181
97$75,115,809$0$0$51,264,040
98$82,588,472$0$0$56,367,833
99$90,817,389$0$0$61,988,271
100$99,879,510$0$0$68,177,927