Can I retire at age 46 with 980,000?

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 $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%12.1%
1 years$80,927$80,207$79,503$78,817$78,147$77,459
2 years$40,063$39,317$38,594$37,893$37,213$36,520
3 years$26,443$25,694$24,973$24,278$23,609$22,933
4 years$19,635$18,888$18,174$17,491$16,838$16,183
5 years$15,551$14,808$14,104$13,435$12,800$12,169
6 years$12,829$12,092$11,398$10,744$10,128$9,521
7 years$10,886$10,155$9,472$8,833$8,237$7,654
8 years$9,429$8,705$8,033$7,410$6,833$6,275
9 years$8,296$7,579$6,919$6,312$5,755$5,220
10 years$7,391$6,680$6,032$5,441$4,903$4,393
11 years$6,650$5,947$5,310$4,735$4,217$3,730
12 years$6,034$5,338$4,713$4,153$3,654$3,190
13 years$5,513$4,824$4,211$3,667$3,187$2,745
14 years$5,066$4,385$3,783$3,255$2,793$2,374
15 years$4,680$4,006$3,416$2,903$2,460$2,061
16 years$4,342$3,675$3,097$2,599$2,174$1,796
17 years$4,044$3,385$2,818$2,335$1,927$1,570
18 years$3,779$3,128$2,572$2,105$1,714$1,375
19 years$3,543$2,899$2,355$1,902$1,528$1,208
20 years$3,331$2,693$2,161$1,722$1,364$1,063
21 years$3,139$2,509$1,988$1,563$1,221$936
22 years$2,964$2,342$1,832$1,421$1,094$826
23 years$2,806$2,190$1,692$1,294$982$730
24 years$2,660$2,052$1,565$1,181$883$646
25 years$2,527$1,926$1,449$1,078$795$572
26 years$2,403$1,810$1,344$986$716$507
27 years$2,290$1,703$1,248$902$645$450
28 years$2,184$1,605$1,160$827$582$399
29 years$2,086$1,514$1,080$758$526$354
30 years$1,995$1,430$1,006$696$475$315
31 years$1,910$1,352$938$639$430$280
32 years$1,830$1,279$875$587$389$249
33 years$1,755$1,211$817$540$352$221
34 years$1,685$1,148$763$497$318$197
35 years$1,619$1,089$713$457$288$175
36 years$1,556$1,034$667$421$261$156
37 years$1,498$982$625$388$237$139
38 years$1,442$933$585$358$215$124
39 years$1,390$887$548$330$195$110
40 years$1,340$844$514$304$177$98
41 years$1,293$803$482$281$160$88
42 years$1,248$765$452$259$145$78
43 years$1,205$729$424$239$132$70
44 years$1,164$695$398$221$120$62
45 years$1,126$663$374$204$109$55
46 years$1,089$632$351$188$99$49
47 years$1,054$603$330$174$90$44
48 years$1,020$576$310$161$81$39
49 years$988$550$291$149$74$35
50 years$957$525$274$137$67$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $980,000, adding $3,269 every year, while hoping to spend $50,143 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: 49/45/6 Blend
45$980,000$980,000$980,000$980,000
46$1,083,332$1,031,392$1,016,202$1,134,611
47$1,140,480$1,028,578$996,893$1,167,144
48$1,201,777$1,023,946$975,257$1,196,840
49$1,267,592$1,017,354$951,162$1,227,901
50$1,338,332$1,008,650$924,472$1,260,468
51$1,414,444$997,676$895,043$1,294,698
52$1,496,416$984,261$862,726$1,330,766
53$1,584,787$968,226$827,364$1,368,867
54$1,680,148$949,381$788,793$1,409,223
55$1,783,147$927,525$746,842$1,452,076
56$1,894,498$902,444$701,331$1,497,702
57$2,014,986$873,913$652,074$1,546,404
58$2,145,471$841,691$598,876$1,598,525
59$2,286,902$805,527$541,531$1,654,442
60$2,440,321$765,153$479,827$1,714,581
61$2,606,874$720,285$413,541$1,779,412
62$2,787,820$670,625$342,440$1,849,460
63$2,984,547$615,855$266,281$1,925,310
64$3,198,580$555,640$184,810$2,007,612
65$3,431,597$489,628$97,763$2,097,088
66$3,685,444$417,445$4,863$2,194,543
67$3,962,154$338,694$0$2,300,870
68$4,263,964$252,960$0$2,423,096
69$4,593,335$159,802$0$2,557,014
70$4,952,977$58,754$0$2,703,553
71$5,345,873$0$0$2,864,094
72$5,775,306$0$0$3,065,259
73$6,244,893$0$0$3,317,147
74$6,758,613$0$0$3,592,814
75$7,320,850$0$0$3,894,625
76$7,936,430$0$0$4,225,184
77$8,610,668$0$0$4,587,358
78$9,349,418$0$0$4,984,308
79$10,159,124$0$0$5,419,511
80$11,046,887$0$0$5,896,800
81$12,020,524$0$0$6,420,393
82$13,088,649$0$0$6,994,940
83$14,260,746$0$0$7,625,560
84$15,547,264$0$0$8,317,892
85$16,959,713$0$0$9,078,151
86$18,510,770$0$0$9,913,179
87$20,214,402$0$0$10,830,514
88$22,085,993$0$0$11,838,463
89$24,142,493$0$0$12,946,175
90$26,402,574$0$0$14,163,729
91$28,886,806$0$0$15,502,231
92$31,617,850$0$0$16,973,914
93$34,620,677$0$0$18,592,259
94$37,922,792$0$0$20,372,116
95$41,554,503$0$0$22,329,846
96$45,549,202$0$0$24,483,478
97$49,943,679$0$0$26,852,874
98$54,778,469$0$0$29,459,918
99$60,098,234$0$0$32,328,725
100$65,952,185$0$0$35,485,863