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%17.4%
1 years$79,276$78,570$77,881$77,208$76,552$74,250
2 years$39,245$38,515$37,806$37,119$36,453$34,154
3 years$25,904$25,170$24,463$23,783$23,127$20,902
4 years$19,234$18,502$17,803$17,134$16,495$14,361
5 years$15,234$14,506$13,816$13,161$12,539$10,502
6 years$12,567$11,845$11,165$10,525$9,922$7,984
7 years$10,664$9,948$9,278$8,653$8,069$6,230
8 years$9,236$8,527$7,869$7,259$6,694$4,953
9 years$8,127$7,424$6,777$6,183$5,637$3,992
10 years$7,240$6,544$5,909$5,330$4,803$3,251
11 years$6,515$5,826$5,202$4,638$4,131$2,670
12 years$5,911$5,229$4,617$4,068$3,580$2,207
13 years$5,400$4,725$4,125$3,592$3,122$1,833
14 years$4,963$4,295$3,706$3,188$2,736$1,529
15 years$4,584$3,924$3,346$2,844$2,409$1,280
16 years$4,253$3,600$3,034$2,546$2,129$1,075
17 years$3,961$3,316$2,760$2,288$1,888$904
18 years$3,702$3,064$2,520$2,062$1,679$762
19 years$3,471$2,839$2,307$1,863$1,496$644
20 years$3,263$2,639$2,117$1,687$1,337$544
21 years$3,075$2,458$1,947$1,531$1,196$461
22 years$2,904$2,294$1,795$1,392$1,072$390
23 years$2,748$2,146$1,657$1,268$962$331
24 years$2,606$2,010$1,533$1,156$865$281
25 years$2,475$1,887$1,420$1,056$778$238
26 years$2,354$1,773$1,317$966$701$203
27 years$2,243$1,669$1,223$884$632$172
28 years$2,140$1,572$1,136$810$570$146
29 years$2,044$1,483$1,058$743$515$124
30 years$1,954$1,401$985$682$465$106
31 years$1,871$1,324$918$626$421$90
32 years$1,792$1,253$857$575$381$77
33 years$1,719$1,187$800$529$344$65
34 years$1,650$1,125$748$487$312$56
35 years$1,586$1,067$699$448$282$47
36 years$1,525$1,013$654$413$256$40
37 years$1,467$962$612$380$232$34
38 years$1,413$914$573$350$210$29
39 years$1,361$869$537$323$191$25
40 years$1,312$827$503$298$173$21
41 years$1,266$787$472$275$157$18
42 years$1,222$750$443$254$142$15
43 years$1,180$714$415$234$129$13
44 years$1,141$681$390$216$117$11
45 years$1,103$649$366$200$106$9
46 years$1,067$619$344$185$97$8
47 years$1,032$591$323$170$88$7
48 years$999$564$304$158$80$6
49 years$967$539$285$146$72$5
50 years$937$515$268$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $960,000, adding $5,408 every year, while hoping to spend $59,729 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: 80/9/11 Blend
45$960,000$960,000$960,000$960,000
46$1,063,498$1,012,618$997,738$1,146,109
47$1,108,424$998,685$967,611$1,187,176
48$1,155,930$982,068$934,473$1,223,900
49$1,206,217$962,571$898,160$1,262,450
50$1,259,503$939,989$858,501$1,302,977
51$1,316,028$914,104$815,315$1,345,653
52$1,376,051$884,684$768,417$1,390,664
53$1,439,859$851,484$717,610$1,438,216
54$1,507,765$814,247$662,690$1,488,539
55$1,580,109$772,697$603,443$1,541,883
56$1,657,268$726,547$539,645$1,598,525
57$1,739,649$675,488$471,064$1,658,773
58$1,827,704$619,197$397,455$1,722,965
59$1,921,925$557,333$318,565$1,791,473
60$2,022,852$489,533$234,127$1,864,711
61$2,131,078$415,415$143,865$1,943,132
62$2,247,252$334,574$47,489$2,027,240
63$2,372,088$246,585$0$2,117,588
64$2,506,370$150,996$0$2,221,288
65$2,650,956$47,332$0$2,338,887
66$2,806,792$0$0$2,465,591
67$2,974,915$0$0$2,608,693
68$3,156,463$0$0$2,768,306
69$3,352,690$0$0$2,940,845
70$3,564,972$0$0$3,127,523
71$3,794,821$0$0$3,329,675
72$4,043,900$0$0$3,548,764
73$4,314,039$0$0$3,786,404
74$4,607,248$0$0$4,044,366
75$4,925,740$0$0$4,324,601
76$5,271,948$0$0$4,629,253
77$5,648,547$0$0$4,960,680
78$6,058,484$0$0$5,321,480
79$6,504,999$0$0$5,714,507
80$6,991,657$0$0$6,142,906
81$7,522,384$0$0$6,610,135
82$8,101,499$0$0$7,120,002
83$8,733,756$0$0$7,676,699
84$9,424,390$0$0$8,284,837
85$10,179,161$0$0$8,949,497
86$11,004,414$0$0$9,676,269
87$11,907,132$0$0$10,471,311
88$12,895,006$0$0$11,341,402
89$13,976,504$0$0$12,294,005
90$15,160,950$0$0$13,337,340
91$16,458,613$0$0$14,480,460
92$17,880,801$0$0$15,733,334
93$19,439,971$0$0$17,106,941
94$21,149,838$0$0$18,613,373
95$23,025,513$0$0$20,265,950
96$25,083,635$0$0$22,079,340
97$27,342,536$0$0$24,069,703
98$29,822,406$0$0$26,254,840
99$32,545,488$0$0$28,654,356
100$35,536,281$0$0$31,289,850