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%14.2%
1 years$80,927$80,207$79,503$78,817$78,147$76,789
2 years$40,063$39,317$38,594$37,893$37,213$35,849
3 years$26,443$25,694$24,973$24,278$23,609$22,282
4 years$19,635$18,888$18,174$17,491$16,838$15,558
5 years$15,551$14,808$14,104$13,435$12,800$11,571
6 years$12,829$12,092$11,398$10,744$10,128$8,951
7 years$10,886$10,155$9,472$8,833$8,237$7,112
8 years$9,429$8,705$8,033$7,410$6,833$5,761
9 years$8,296$7,579$6,919$6,312$5,755$4,733
10 years$7,391$6,680$6,032$5,441$4,903$3,933
11 years$6,650$5,947$5,310$4,735$4,217$3,296
12 years$6,034$5,338$4,713$4,153$3,654$2,781
13 years$5,513$4,824$4,211$3,667$3,187$2,361
14 years$5,066$4,385$3,783$3,255$2,793$2,013
15 years$4,680$4,006$3,416$2,903$2,460$1,723
16 years$4,342$3,675$3,097$2,599$2,174$1,480
17 years$4,044$3,385$2,818$2,335$1,927$1,274
18 years$3,779$3,128$2,572$2,105$1,714$1,100
19 years$3,543$2,899$2,355$1,902$1,528$951
20 years$3,331$2,693$2,161$1,722$1,364$824
21 years$3,139$2,509$1,988$1,563$1,221$715
22 years$2,964$2,342$1,832$1,421$1,094$621
23 years$2,806$2,190$1,692$1,294$982$540
24 years$2,660$2,052$1,565$1,181$883$470
25 years$2,527$1,926$1,449$1,078$795$409
26 years$2,403$1,810$1,344$986$716$357
27 years$2,290$1,703$1,248$902$645$311
28 years$2,184$1,605$1,160$827$582$271
29 years$2,086$1,514$1,080$758$526$237
30 years$1,995$1,430$1,006$696$475$207
31 years$1,910$1,352$938$639$430$181
32 years$1,830$1,279$875$587$389$158
33 years$1,755$1,211$817$540$352$138
34 years$1,685$1,148$763$497$318$121
35 years$1,619$1,089$713$457$288$106
36 years$1,556$1,034$667$421$261$92
37 years$1,498$982$625$388$237$81
38 years$1,442$933$585$358$215$71
39 years$1,390$887$548$330$195$62
40 years$1,340$844$514$304$177$54
41 years$1,293$803$482$281$160$47
42 years$1,248$765$452$259$145$41
43 years$1,205$729$424$239$132$36
44 years$1,164$695$398$221$120$32
45 years$1,126$663$374$204$109$28
46 years$1,089$632$351$188$99$24
47 years$1,054$603$330$174$90$21
48 years$1,020$576$310$161$81$19
49 years$988$550$291$149$74$16
50 years$957$525$274$137$67$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $980,000, adding $5,255 every year, while hoping to spend $28,701 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: 56/29/15 Blend
45$980,000$980,000$980,000$980,000
46$1,085,381$1,033,441$1,018,251$1,141,633
47$1,165,552$1,053,541$1,021,824$1,200,523
48$1,252,938$1,073,665$1,024,556$1,261,070
49$1,348,246$1,093,783$1,026,387$1,326,366
50$1,452,252$1,113,863$1,027,255$1,396,871
51$1,565,811$1,133,872$1,027,097$1,473,094
52$1,689,863$1,153,771$1,025,845$1,555,592
53$1,825,446$1,173,523$1,023,428$1,644,982
54$1,973,700$1,193,083$1,019,770$1,741,944
55$2,135,880$1,212,407$1,014,795$1,847,228
56$2,313,370$1,231,445$1,008,421$1,961,658
57$2,507,692$1,250,144$1,000,562$2,086,145
58$2,720,523$1,268,448$991,127$2,221,693
59$2,953,710$1,286,296$980,023$2,369,409
60$3,209,286$1,303,622$967,152$2,530,512
61$3,489,492$1,320,358$952,410$2,706,348
62$3,796,794$1,336,429$935,689$2,898,400
63$4,133,908$1,351,756$916,877$3,108,304
64$4,503,828$1,366,253$895,854$3,337,861
65$4,909,851$1,379,832$872,497$3,589,059
66$5,355,606$1,392,394$846,676$3,864,091
67$5,845,095$1,403,838$818,256$4,165,373
68$6,382,723$1,414,054$787,096$4,495,567
69$6,973,344$1,422,926$753,047$4,857,612
70$7,622,305$1,430,329$715,954$5,254,746
71$8,335,497$1,436,133$675,655$5,690,539
72$9,119,409$1,440,195$631,982$6,168,927
73$9,981,192$1,442,368$584,756$6,694,250
74$10,928,722$1,442,492$533,794$7,271,292
75$11,970,679$1,440,401$478,903$7,905,328
76$13,116,622$1,435,915$419,880$8,602,173
77$14,377,087$1,428,844$356,515$9,368,237
78$15,763,680$1,418,988$288,589$10,210,589
79$17,289,190$1,406,132$215,871$11,137,020
80$18,967,706$1,390,052$138,122$12,156,120
81$20,814,755$1,370,507$55,092$13,277,357
82$22,847,441$1,347,243$0$14,511,171
83$25,084,613$1,319,991$0$15,874,434
84$27,547,039$1,288,466$0$17,384,224
85$30,257,601$1,252,366$0$19,045,746
86$33,241,515$1,211,370$0$20,874,462
87$36,526,564$1,165,142$0$22,887,415
88$40,143,362$1,113,322$0$25,103,387
89$44,125,643$1,055,533$0$27,543,082
90$48,510,577$991,373$0$30,229,317
91$53,339,125$920,419$0$33,187,238
92$58,656,419$842,223$0$36,444,562
93$64,512,193$756,311$0$40,031,837
94$70,961,251$662,184$0$43,982,729
95$78,063,979$559,312$0$48,334,345
96$85,886,923$447,137$0$53,127,581
97$94,503,411$325,068$0$58,407,507
98$103,994,246$192,483$0$64,223,800
99$114,448,467$48,722$0$70,631,208
100$125,964,193$0$0$77,690,069