Can I retire at age 46 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$80,102$79,388$78,692$78,013$77,349$74,457
2 years$39,654$38,916$38,200$37,506$36,833$33,952
3 years$26,174$25,432$24,718$24,030$23,368$20,590
4 years$19,435$18,695$17,988$17,313$16,666$14,011
5 years$15,392$14,657$13,960$13,298$12,670$10,144
6 years$12,698$11,969$11,282$10,634$10,025$7,632
7 years$10,775$10,051$9,375$8,743$8,153$5,891
8 years$9,333$8,616$7,951$7,334$6,764$4,631
9 years$8,212$7,502$6,848$6,247$5,696$3,689
10 years$7,315$6,612$5,970$5,385$4,853$2,969
11 years$6,583$5,887$5,256$4,687$4,174$2,408
12 years$5,972$5,283$4,665$4,111$3,617$1,965
13 years$5,456$4,775$4,168$3,629$3,154$1,612
14 years$5,015$4,340$3,745$3,222$2,765$1,327
15 years$4,632$3,965$3,381$2,873$2,434$1,096
16 years$4,297$3,638$3,065$2,573$2,152$907
17 years$4,003$3,350$2,789$2,311$1,908$753
18 years$3,741$3,096$2,546$2,083$1,696$626
19 years$3,507$2,869$2,331$1,882$1,512$521
20 years$3,297$2,666$2,139$1,705$1,350$434
21 years$3,107$2,483$1,968$1,547$1,209$362
22 years$2,934$2,318$1,814$1,407$1,083$302
23 years$2,777$2,168$1,674$1,281$972$253
24 years$2,633$2,031$1,549$1,168$874$211
25 years$2,501$1,906$1,434$1,067$786$177
26 years$2,379$1,792$1,330$976$708$148
27 years$2,266$1,686$1,235$893$639$124
28 years$2,162$1,589$1,148$818$576$103
29 years$2,065$1,499$1,069$750$520$87
30 years$1,975$1,415$995$689$470$73
31 years$1,890$1,338$928$632$425$61
32 years$1,811$1,266$866$581$385$51
33 years$1,737$1,199$808$535$348$43
34 years$1,668$1,136$755$492$315$36
35 years$1,602$1,078$706$453$285$30
36 years$1,541$1,023$661$417$259$25
37 years$1,482$972$618$384$234$21
38 years$1,427$923$579$354$212$18
39 years$1,375$878$542$326$193$15
40 years$1,326$835$508$301$175$12
41 years$1,279$795$477$278$159$10
42 years$1,235$757$447$256$144$9
43 years$1,193$722$420$237$131$7
44 years$1,152$688$394$219$119$6
45 years$1,114$656$370$202$108$5
46 years$1,078$626$347$186$98$4
47 years$1,043$597$326$172$89$4
48 years$1,009$570$307$159$81$3
49 years$978$544$288$147$73$3
50 years$947$520$271$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $970,000, adding $3,921 every year, while hoping to spend $29,269 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: 65/26/9 Blend
45$970,000$970,000$970,000$970,000
46$1,072,985$1,021,575$1,006,540$1,140,494
47$1,151,287$1,040,490$1,009,117$1,204,868
48$1,236,595$1,059,351$1,010,799$1,271,356
49$1,329,593$1,078,124$1,011,526$1,343,241
50$1,431,033$1,096,774$1,011,234$1,421,047
51$1,541,743$1,115,260$1,009,855$1,505,351
52$1,662,635$1,133,542$1,007,319$1,596,788
53$1,794,713$1,151,575$1,003,553$1,696,057
54$1,939,081$1,169,309$998,479$1,803,929
55$2,096,955$1,186,693$992,016$1,921,255
56$2,269,676$1,203,672$984,080$2,048,971
57$2,458,717$1,220,187$974,581$2,188,108
58$2,665,703$1,236,172$963,426$2,339,804
59$2,892,421$1,251,561$950,518$2,505,312
60$3,140,841$1,266,282$935,753$2,686,014
61$3,413,133$1,280,255$919,027$2,883,432
62$3,711,683$1,293,398$900,225$3,099,244
63$4,039,124$1,305,624$879,232$3,335,299
64$4,398,352$1,316,837$855,924$3,593,637
65$4,792,560$1,326,938$830,173$3,876,504
66$5,225,263$1,335,819$801,845$4,186,377
67$5,700,332$1,343,367$770,800$4,525,986
68$6,222,035$1,349,461$736,891$4,898,339
69$6,795,070$1,353,972$699,964$5,306,754
70$7,424,614$1,356,764$659,859$5,754,886
71$8,116,369$1,357,690$616,409$6,246,766
72$8,876,619$1,356,596$569,439$6,786,835
73$9,712,283$1,353,319$518,764$7,379,989
74$10,630,989$1,347,684$464,195$8,031,625
75$11,641,136$1,339,507$405,532$8,747,693
76$12,751,980$1,328,591$342,566$9,534,749
77$13,973,719$1,314,729$275,079$10,400,020
78$15,317,588$1,297,701$202,844$11,351,474
79$16,795,966$1,277,272$125,623$12,397,893
80$18,422,492$1,253,196$43,169$13,548,954
81$20,212,194$1,225,210$0$14,815,329
82$22,181,630$1,193,037$0$16,213,080
83$24,349,043$1,156,383$0$17,755,569
84$26,734,537$1,114,937$0$19,452,962
85$29,360,261$1,068,370$0$21,321,033
86$32,250,620$1,016,333$0$23,377,170
87$35,432,508$958,458$0$25,640,535
88$38,935,557$894,356$0$28,132,249
89$42,792,418$823,614$0$30,875,586
90$47,039,071$745,796$0$33,896,200
91$51,715,159$660,443$0$37,222,362
92$56,864,369$567,068$0$40,885,232
93$62,534,837$465,157$0$44,919,149
94$68,779,608$354,167$0$49,361,962
95$75,657,131$233,525$0$54,255,382
96$83,231,814$102,623$0$59,645,378
97$91,574,631$0$0$65,582,615
98$100,763,791$0$0$72,134,136
99$110,885,474$0$0$79,382,945
100$122,034,648$0$0$87,367,702