Can I retire at age 46 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$80,927$80,207$79,503$78,817$78,147$75,645
2 years$40,063$39,317$38,594$37,893$37,213$34,715
3 years$26,443$25,694$24,973$24,278$23,609$21,195
4 years$19,635$18,888$18,174$17,491$16,838$14,525
5 years$15,551$14,808$14,104$13,435$12,800$10,594
6 years$12,829$12,092$11,398$10,744$10,128$8,032
7 years$10,886$10,155$9,472$8,833$8,237$6,250
8 years$9,429$8,705$8,033$7,410$6,833$4,954
9 years$8,296$7,579$6,919$6,312$5,755$3,980
10 years$7,391$6,680$6,032$5,441$4,903$3,232
11 years$6,650$5,947$5,310$4,735$4,217$2,645
12 years$6,034$5,338$4,713$4,153$3,654$2,179
13 years$5,513$4,824$4,211$3,667$3,187$1,804
14 years$5,066$4,385$3,783$3,255$2,793$1,500
15 years$4,680$4,006$3,416$2,903$2,460$1,251
16 years$4,342$3,675$3,097$2,599$2,174$1,047
17 years$4,044$3,385$2,818$2,335$1,927$877
18 years$3,779$3,128$2,572$2,105$1,714$737
19 years$3,543$2,899$2,355$1,902$1,528$620
20 years$3,331$2,693$2,161$1,722$1,364$522
21 years$3,139$2,509$1,988$1,563$1,221$440
22 years$2,964$2,342$1,832$1,421$1,094$372
23 years$2,806$2,190$1,692$1,294$982$314
24 years$2,660$2,052$1,565$1,181$883$265
25 years$2,527$1,926$1,449$1,078$795$224
26 years$2,403$1,810$1,344$986$716$190
27 years$2,290$1,703$1,248$902$645$161
28 years$2,184$1,605$1,160$827$582$136
29 years$2,086$1,514$1,080$758$526$115
30 years$1,995$1,430$1,006$696$475$98
31 years$1,910$1,352$938$639$430$83
32 years$1,830$1,279$875$587$389$70
33 years$1,755$1,211$817$540$352$59
34 years$1,685$1,148$763$497$318$50
35 years$1,619$1,089$713$457$288$43
36 years$1,556$1,034$667$421$261$36
37 years$1,498$982$625$388$237$31
38 years$1,442$933$585$358$215$26
39 years$1,390$887$548$330$195$22
40 years$1,340$844$514$304$177$19
41 years$1,293$803$482$281$160$16
42 years$1,248$765$452$259$145$13
43 years$1,205$729$424$239$132$11
44 years$1,164$695$398$221$120$10
45 years$1,126$663$374$204$109$8
46 years$1,089$632$351$188$99$7
47 years$1,054$603$330$174$90$6
48 years$1,020$576$310$161$81$5
49 years$988$550$291$149$74$4
50 years$957$525$274$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $980,000, adding $4,296 every year, while hoping to spend $38,453 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: 66/16/18 Blend
45$980,000$980,000$980,000$980,000
46$1,084,391$1,032,451$1,017,261$1,150,867
47$1,154,086$1,042,128$1,010,426$1,205,592
48$1,229,600$1,050,990$1,002,073$1,260,553
49$1,311,487$1,058,956$992,110$1,319,703
50$1,400,356$1,065,942$980,443$1,383,452
51$1,496,874$1,071,856$966,970$1,452,253
52$1,601,779$1,076,600$951,587$1,526,605
53$1,715,879$1,080,072$934,184$1,607,060
54$1,840,065$1,082,161$914,645$1,694,224
55$1,975,316$1,082,752$892,850$1,788,770
56$2,122,712$1,081,720$868,674$1,891,437
57$2,283,438$1,078,934$841,984$2,003,042
58$2,458,800$1,074,254$812,643$2,124,486
59$2,650,237$1,067,531$780,505$2,256,762
60$2,859,331$1,058,610$745,422$2,400,968
61$3,087,823$1,047,322$707,234$2,558,313
62$3,337,632$1,033,492$665,777$2,730,132
63$3,610,869$1,016,932$620,880$2,917,898
64$3,909,860$997,444$572,361$3,123,235
65$4,237,164$974,817$520,034$3,347,935
66$4,595,601$948,829$463,701$3,593,975
67$4,988,276$919,245$403,158$3,863,535
68$5,418,607$885,814$338,191$4,159,021
69$5,890,359$848,274$268,575$4,483,085
70$6,407,681$806,344$194,077$4,838,654
71$6,975,139$759,730$114,453$5,228,955
72$7,597,765$708,119$29,449$5,657,548
73$8,281,100$651,180$0$6,128,359
74$9,031,249$588,565$0$6,657,483
75$9,854,936$519,904$0$7,244,731
76$10,759,568$444,807$0$7,889,761
77$11,753,304$362,863$0$8,598,440
78$12,845,133$273,636$0$9,377,231
79$14,044,958$176,665$0$10,233,259
80$15,363,689$71,467$0$11,174,377
81$16,813,343$0$0$12,209,240
82$18,407,163$0$0$13,354,865
83$20,159,737$0$0$14,628,506
84$22,087,137$0$0$16,029,270
85$24,207,071$0$0$17,570,033
86$26,539,051$0$0$19,264,987
87$29,104,573$0$0$21,129,764
88$31,927,322$0$0$23,181,591
89$35,033,395$0$0$25,439,446
90$38,451,546$0$0$27,924,243
91$42,213,458$0$0$30,659,024
92$46,354,040$0$0$33,669,177
93$50,911,759$0$0$36,982,678
94$55,928,997$0$0$40,630,352
95$61,452,457$0$0$44,646,165
96$67,533,600$0$0$49,067,544
97$74,229,128$0$0$53,935,729
98$81,601,523$0$0$59,296,163
99$89,719,635$0$0$65,198,920
100$98,659,330$0$0$71,699,175