Can I retire at age 46 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$81,753$81,025$80,315$79,621$78,944$77,732
2 years$40,472$39,718$38,988$38,279$37,592$36,374
3 years$26,713$25,956$25,228$24,526$23,850$22,664
4 years$19,835$19,081$18,359$17,670$17,010$15,865
5 years$15,710$14,959$14,248$13,572$12,931$11,830
6 years$12,960$12,215$11,514$10,854$10,232$9,176
7 years$10,997$10,259$9,568$8,923$8,321$7,311
8 years$9,525$8,793$8,115$7,486$6,903$5,939
9 years$8,381$7,656$6,989$6,376$5,813$4,895
10 years$7,466$6,749$6,093$5,496$4,953$4,079
11 years$6,718$6,008$5,364$4,783$4,260$3,429
12 years$6,095$5,392$4,761$4,196$3,692$2,903
13 years$5,569$4,873$4,253$3,704$3,219$2,472
14 years$5,118$4,430$3,822$3,288$2,822$2,115
15 years$4,727$4,046$3,451$2,932$2,485$1,817
16 years$4,386$3,713$3,128$2,626$2,196$1,566
17 years$4,085$3,419$2,847$2,359$1,947$1,353
18 years$3,818$3,159$2,599$2,126$1,731$1,172
19 years$3,579$2,928$2,379$1,921$1,543$1,017
20 years$3,365$2,721$2,183$1,740$1,378$885
21 years$3,171$2,534$2,008$1,579$1,233$770
22 years$2,995$2,366$1,851$1,436$1,106$672
23 years$2,834$2,213$1,709$1,308$992$586
24 years$2,687$2,073$1,581$1,193$892$512
25 years$2,552$1,946$1,464$1,089$803$448
26 years$2,428$1,829$1,358$996$723$392
27 years$2,313$1,721$1,261$912$652$343
28 years$2,206$1,622$1,172$835$588$301
29 years$2,107$1,530$1,091$766$531$264
30 years$2,015$1,445$1,016$703$480$231
31 years$1,929$1,366$947$646$434$203
32 years$1,848$1,292$884$593$392$178
33 years$1,773$1,224$825$546$355$156
34 years$1,702$1,160$771$502$322$137
35 years$1,635$1,100$721$462$291$120
36 years$1,572$1,044$674$426$264$106
37 years$1,513$992$631$392$239$93
38 years$1,457$942$591$361$217$82
39 years$1,404$896$554$333$197$72
40 years$1,353$853$519$307$178$63
41 years$1,306$812$487$284$162$55
42 years$1,260$773$456$262$147$49
43 years$1,217$737$428$242$133$43
44 years$1,176$702$402$223$121$38
45 years$1,137$669$378$206$110$33
46 years$1,100$639$355$190$100$29
47 years$1,064$609$333$176$91$26
48 years$1,030$582$313$162$82$22
49 years$998$556$294$150$75$20
50 years$967$531$277$139$68$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $990,000, adding $2,257 every year, while hoping to spend $29,104 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: 38/36/26 Blend
45$990,000$990,000$990,000$990,000
46$1,093,308$1,040,838$1,025,493$1,126,304
47$1,173,859$1,060,873$1,028,881$1,170,680
48$1,261,651$1,080,914$1,031,406$1,215,754
49$1,357,391$1,100,930$1,033,010$1,263,902
50$1,461,859$1,120,890$1,033,630$1,315,421
51$1,575,912$1,140,757$1,033,200$1,370,638
52$1,700,495$1,160,494$1,031,652$1,429,918
53$1,836,645$1,180,058$1,028,912$1,493,658
54$1,985,508$1,199,406$1,024,906$1,562,303
55$2,148,344$1,218,490$1,019,554$1,636,339
56$2,326,538$1,237,259$1,012,772$1,716,307
57$2,521,618$1,255,659$1,004,474$1,802,801
58$2,735,267$1,273,630$994,567$1,896,480
59$2,969,336$1,291,109$982,957$1,998,069
60$3,225,864$1,308,030$969,542$2,108,370
61$3,507,099$1,324,319$954,218$2,228,269
62$3,815,513$1,339,902$936,875$2,358,743
63$4,153,833$1,354,694$917,398$2,500,871
64$4,525,059$1,368,609$895,666$2,655,846
65$4,932,498$1,381,554$871,553$2,824,981
66$5,379,790$1,393,428$844,928$3,009,730
67$5,870,948$1,404,125$815,652$3,211,695
68$6,410,391$1,413,533$783,582$3,432,645
69$7,002,986$1,421,531$748,567$3,674,534
70$7,654,095$1,427,991$710,449$3,939,515
71$8,369,627$1,432,777$669,063$4,229,967
72$9,156,090$1,435,743$624,238$4,548,515
73$10,020,654$1,436,738$575,793$4,898,056
74$10,971,218$1,435,596$523,540$5,281,784
75$12,016,487$1,432,145$467,283$5,703,228
76$13,166,049$1,426,200$406,817$6,166,277
77$14,430,468$1,417,566$341,927$6,675,224
78$15,821,385$1,406,035$272,391$7,234,806
79$17,351,624$1,391,389$197,974$7,850,247
80$19,035,315$1,373,393$118,432$8,527,311
81$20,888,029$1,351,801$33,511$9,272,357
82$22,926,920$1,326,351$0$10,092,399
83$25,170,889$1,296,765$0$11,011,016
84$27,640,764$1,262,751$0$12,031,849
85$30,359,493$1,223,997$0$13,155,084
86$33,352,363$1,180,175$0$14,391,183
87$36,647,236$1,130,935$0$15,751,684
88$40,274,813$1,075,910$0$17,249,302
89$44,268,924$1,014,710$0$18,898,056
90$48,666,846$946,922$0$20,713,400
91$53,509,655$872,112$0$22,712,369
92$58,842,612$789,818$0$24,913,743
93$64,715,592$699,552$0$27,338,223
94$71,183,554$600,802$0$30,008,627
95$78,307,058$493,022$0$32,950,111
96$86,152,836$375,639$0$36,190,400
97$94,794,426$248,045$0$39,760,060
98$104,312,858$109,600$0$43,692,780
99$114,797,427$0$0$48,025,697
100$126,346,528$0$0$52,815,736