Can I retire at age 46 with 970,000?

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 $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%19.8%
1 years$80,102$79,388$78,692$78,013$77,349$74,310
2 years$39,654$38,916$38,200$37,506$36,833$33,808
3 years$26,174$25,432$24,718$24,030$23,368$20,453
4 years$19,435$18,695$17,988$17,313$16,666$13,883
5 years$15,392$14,657$13,960$13,298$12,670$10,025
6 years$12,698$11,969$11,282$10,634$10,025$7,521
7 years$10,775$10,051$9,375$8,743$8,153$5,789
8 years$9,333$8,616$7,951$7,334$6,764$4,537
9 years$8,212$7,502$6,848$6,247$5,696$3,604
10 years$7,315$6,612$5,970$5,385$4,853$2,891
11 years$6,583$5,887$5,256$4,687$4,174$2,337
12 years$5,972$5,283$4,665$4,111$3,617$1,901
13 years$5,456$4,775$4,168$3,629$3,154$1,554
14 years$5,015$4,340$3,745$3,222$2,765$1,275
15 years$4,632$3,965$3,381$2,873$2,434$1,049
16 years$4,297$3,638$3,065$2,573$2,152$865
17 years$4,003$3,350$2,789$2,311$1,908$715
18 years$3,741$3,096$2,546$2,083$1,696$592
19 years$3,507$2,869$2,331$1,882$1,512$491
20 years$3,297$2,666$2,139$1,705$1,350$408
21 years$3,107$2,483$1,968$1,547$1,209$339
22 years$2,934$2,318$1,814$1,407$1,083$282
23 years$2,777$2,168$1,674$1,281$972$234
24 years$2,633$2,031$1,549$1,168$874$195
25 years$2,501$1,906$1,434$1,067$786$163
26 years$2,379$1,792$1,330$976$708$135
27 years$2,266$1,686$1,235$893$639$113
28 years$2,162$1,589$1,148$818$576$94
29 years$2,065$1,499$1,069$750$520$78
30 years$1,975$1,415$995$689$470$65
31 years$1,890$1,338$928$632$425$55
32 years$1,811$1,266$866$581$385$46
33 years$1,737$1,199$808$535$348$38
34 years$1,668$1,136$755$492$315$32
35 years$1,602$1,078$706$453$285$26
36 years$1,541$1,023$661$417$259$22
37 years$1,482$972$618$384$234$18
38 years$1,427$923$579$354$212$15
39 years$1,375$878$542$326$193$13
40 years$1,326$835$508$301$175$11
41 years$1,279$795$477$278$159$9
42 years$1,235$757$447$256$144$7
43 years$1,193$722$420$237$131$6
44 years$1,152$688$394$219$119$5
45 years$1,114$656$370$202$108$4
46 years$1,078$626$347$186$98$4
47 years$1,043$597$326$172$89$3
48 years$1,009$570$307$159$81$3
49 years$978$544$288$147$73$2
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 $2,048 every year, while hoping to spend $23,866 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: 63/21/16 Blend
45$970,000$970,000$970,000$970,000
46$1,071,053$1,019,643$1,004,608$1,134,159
47$1,154,907$1,044,212$1,012,869$1,201,352
48$1,246,514$1,069,185$1,020,607$1,271,796
49$1,346,640$1,094,557$1,027,779$1,348,151
50$1,456,128$1,120,321$1,034,340$1,430,993
51$1,575,906$1,146,469$1,040,243$1,520,956
52$1,706,996$1,172,994$1,045,439$1,618,741
53$1,850,523$1,199,884$1,049,874$1,725,118
54$2,007,726$1,227,128$1,053,495$1,840,935
55$2,179,970$1,254,713$1,056,243$1,967,127
56$2,368,757$1,282,625$1,058,058$2,104,726
57$2,575,744$1,310,847$1,058,876$2,254,865
58$2,802,752$1,339,361$1,058,631$2,418,796
59$3,051,791$1,368,147$1,057,252$2,597,897
60$3,325,070$1,397,183$1,054,667$2,793,685
61$3,625,027$1,426,445$1,050,799$3,007,836
62$3,954,345$1,455,906$1,045,565$3,242,191
63$4,315,980$1,485,537$1,038,883$3,498,784
64$4,713,187$1,515,305$1,030,663$3,779,853
65$5,149,555$1,545,178$1,020,813$4,087,865
66$5,629,034$1,575,116$1,009,235$4,425,540
67$6,155,978$1,605,079$995,827$4,795,875
68$6,735,183$1,635,023$980,482$5,202,172
69$7,371,933$1,664,900$963,089$5,648,070
70$8,072,048$1,694,659$943,531$6,137,580
71$8,841,943$1,724,243$921,685$6,675,122
72$9,688,683$1,753,593$897,424$7,265,569
73$10,620,055$1,782,645$870,613$7,914,287
74$11,644,634$1,811,328$841,113$8,627,196
75$12,771,873$1,839,569$808,776$9,410,814
76$14,012,183$1,867,288$773,450$10,272,329
77$15,377,040$1,894,398$734,974$11,219,661
78$16,879,083$1,920,809$693,180$12,261,539
79$18,532,243$1,946,422$647,895$13,407,582
80$20,351,867$1,971,132$598,935$14,668,394
81$22,354,866$1,994,827$546,109$16,055,659
82$24,559,876$2,017,387$489,216$17,582,255
83$26,987,428$2,038,683$428,050$19,262,373
84$29,660,148$2,058,581$362,392$21,111,657
85$32,602,965$2,076,933$292,014$23,147,343
86$35,843,350$2,093,586$216,679$25,388,432
87$39,411,573$2,108,373$136,139$27,855,860
88$43,340,989$2,121,119$50,136$30,572,704
89$47,668,353$2,131,637$0$33,564,395
90$52,434,165$2,139,727$0$36,866,070
91$57,683,055$2,145,179$0$40,511,106
92$63,464,201$2,147,767$0$44,525,027
93$69,831,794$2,147,252$0$48,945,403
94$76,845,550$2,143,380$0$53,813,636
95$84,571,273$2,135,883$0$59,175,351
96$93,081,476$2,124,474$0$65,080,828
97$102,456,063$2,108,849$0$71,585,474
98$112,783,086$2,088,688$0$78,750,350
99$124,159,576$2,063,649$0$86,642,743
100$136,692,455$2,033,370$0$95,336,807