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%18.8%
1 years$80,102$79,388$78,692$78,013$77,349$74,605
2 years$39,654$38,916$38,200$37,506$36,833$34,097
3 years$26,174$25,432$24,718$24,030$23,368$20,727
4 years$19,435$18,695$17,988$17,313$16,666$14,140
5 years$15,392$14,657$13,960$13,298$12,670$10,265
6 years$12,698$11,969$11,282$10,634$10,025$7,744
7 years$10,775$10,051$9,375$8,743$8,153$5,995
8 years$9,333$8,616$7,951$7,334$6,764$4,726
9 years$8,212$7,502$6,848$6,247$5,696$3,777
10 years$7,315$6,612$5,970$5,385$4,853$3,049
11 years$6,583$5,887$5,256$4,687$4,174$2,481
12 years$5,972$5,283$4,665$4,111$3,617$2,032
13 years$5,456$4,775$4,168$3,629$3,154$1,672
14 years$5,015$4,340$3,745$3,222$2,765$1,381
15 years$4,632$3,965$3,381$2,873$2,434$1,145
16 years$4,297$3,638$3,065$2,573$2,152$951
17 years$4,003$3,350$2,789$2,311$1,908$792
18 years$3,741$3,096$2,546$2,083$1,696$661
19 years$3,507$2,869$2,331$1,882$1,512$552
20 years$3,297$2,666$2,139$1,705$1,350$462
21 years$3,107$2,483$1,968$1,547$1,209$387
22 years$2,934$2,318$1,814$1,407$1,083$324
23 years$2,777$2,168$1,674$1,281$972$272
24 years$2,633$2,031$1,549$1,168$874$228
25 years$2,501$1,906$1,434$1,067$786$192
26 years$2,379$1,792$1,330$976$708$161
27 years$2,266$1,686$1,235$893$639$135
28 years$2,162$1,589$1,148$818$576$114
29 years$2,065$1,499$1,069$750$520$96
30 years$1,975$1,415$995$689$470$80
31 years$1,890$1,338$928$632$425$68
32 years$1,811$1,266$866$581$385$57
33 years$1,737$1,199$808$535$348$48
34 years$1,668$1,136$755$492$315$40
35 years$1,602$1,078$706$453$285$34
36 years$1,541$1,023$661$417$259$28
37 years$1,482$972$618$384$234$24
38 years$1,427$923$579$354$212$20
39 years$1,375$878$542$326$193$17
40 years$1,326$835$508$301$175$14
41 years$1,279$795$477$278$159$12
42 years$1,235$757$447$256$144$10
43 years$1,193$722$420$237$131$9
44 years$1,152$688$394$219$119$7
45 years$1,114$656$370$202$108$6
46 years$1,078$626$347$186$98$5
47 years$1,043$597$326$172$89$4
48 years$1,009$570$307$159$81$4
49 years$978$544$288$147$73$3
50 years$947$520$271$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $970,000, adding $4,674 every year, while hoping to spend $59,527 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: 53/27/20 Blend
45$970,000$970,000$970,000$970,000
46$1,073,761$1,022,351$1,007,316$1,124,557
47$1,119,949$1,009,110$977,725$1,146,709
48$1,168,852$993,225$945,147$1,164,187
49$1,220,686$974,504$909,421$1,181,926
50$1,275,683$952,743$870,374$1,199,971
51$1,334,102$927,725$827,830$1,218,373
52$1,396,220$899,224$781,602$1,237,193
53$1,462,344$866,995$731,496$1,256,501
54$1,532,810$830,785$677,308$1,276,378
55$1,607,984$790,321$618,825$1,296,919
56$1,688,270$745,318$555,827$1,318,232
57$1,774,107$695,473$488,081$1,340,440
58$1,865,979$640,464$415,345$1,363,686
59$1,964,416$579,953$337,366$1,388,129
60$2,069,998$513,583$253,879$1,413,956
61$2,183,365$440,975$164,611$1,441,373
62$2,305,214$361,729$69,272$1,470,617
63$2,436,316$275,424$0$1,501,955
64$2,577,513$181,612$0$1,542,619
65$2,729,731$79,824$0$1,602,246
66$2,893,990$0$0$1,666,490
67$3,071,406$0$0$1,744,900
68$3,263,209$0$0$1,855,381
69$3,470,749$0$0$1,975,006
70$3,695,511$0$0$2,104,638
71$3,939,128$0$0$2,245,231
72$4,203,393$0$0$2,397,832
73$4,490,282$0$0$2,563,590
74$4,801,965$0$0$2,743,773
75$5,140,830$0$0$2,939,773
76$5,509,504$0$0$3,153,124
77$5,910,880$0$0$3,385,511
78$6,348,137$0$0$3,638,791
79$6,824,776$0$0$3,915,007
80$7,344,650$0$0$4,216,405
81$7,911,999$0$0$4,545,462
82$8,531,491$0$0$4,904,900
83$9,208,263$0$0$5,297,719
84$9,947,974$0$0$5,727,220
85$10,756,849$0$0$6,197,037
86$11,641,746$0$0$6,711,174
87$12,610,216$0$0$7,274,036
88$13,670,571$0$0$7,890,478
89$14,831,967$0$0$8,565,844
90$16,104,486$0$0$9,306,018
91$17,499,230$0$0$10,117,484
92$19,028,430$0$0$11,007,380
93$20,705,553$0$0$11,983,570
94$22,545,433$0$0$13,054,714
95$24,564,410$0$0$14,230,353
96$26,780,483$0$0$15,520,995
97$29,213,475$0$0$16,938,216
98$31,885,227$0$0$18,494,766
99$34,819,794$0$0$20,204,694
100$38,043,679$0$0$22,083,473