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%16.8%
1 years$81,753$81,025$80,315$79,621$78,944$76,755
2 years$40,472$39,718$38,988$38,279$37,592$35,404
3 years$26,713$25,956$25,228$24,526$23,850$21,730
4 years$19,835$19,081$18,359$17,670$17,010$14,975
5 years$15,710$14,959$14,248$13,572$12,931$10,986
6 years$12,960$12,215$11,514$10,854$10,232$8,379
7 years$10,997$10,259$9,568$8,923$8,321$6,561
8 years$9,525$8,793$8,115$7,486$6,903$5,234
9 years$8,381$7,656$6,989$6,376$5,813$4,234
10 years$7,466$6,749$6,093$5,496$4,953$3,461
11 years$6,718$6,008$5,364$4,783$4,260$2,853
12 years$6,095$5,392$4,761$4,196$3,692$2,368
13 years$5,569$4,873$4,253$3,704$3,219$1,975
14 years$5,118$4,430$3,822$3,288$2,822$1,654
15 years$4,727$4,046$3,451$2,932$2,485$1,391
16 years$4,386$3,713$3,128$2,626$2,196$1,173
17 years$4,085$3,419$2,847$2,359$1,947$991
18 years$3,818$3,159$2,599$2,126$1,731$839
19 years$3,579$2,928$2,379$1,921$1,543$712
20 years$3,365$2,721$2,183$1,740$1,378$605
21 years$3,171$2,534$2,008$1,579$1,233$514
22 years$2,995$2,366$1,851$1,436$1,106$438
23 years$2,834$2,213$1,709$1,308$992$373
24 years$2,687$2,073$1,581$1,193$892$318
25 years$2,552$1,946$1,464$1,089$803$271
26 years$2,428$1,829$1,358$996$723$232
27 years$2,313$1,721$1,261$912$652$198
28 years$2,206$1,622$1,172$835$588$169
29 years$2,107$1,530$1,091$766$531$144
30 years$2,015$1,445$1,016$703$480$123
31 years$1,929$1,366$947$646$434$105
32 years$1,848$1,292$884$593$392$90
33 years$1,773$1,224$825$546$355$77
34 years$1,702$1,160$771$502$322$66
35 years$1,635$1,100$721$462$291$56
36 years$1,572$1,044$674$426$264$48
37 years$1,513$992$631$392$239$41
38 years$1,457$942$591$361$217$35
39 years$1,404$896$554$333$197$30
40 years$1,353$853$519$307$178$26
41 years$1,306$812$487$284$162$22
42 years$1,260$773$456$262$147$19
43 years$1,217$737$428$242$133$16
44 years$1,176$702$402$223$121$14
45 years$1,137$669$378$206$110$12
46 years$1,100$639$355$190$100$10
47 years$1,064$609$333$176$91$9
48 years$1,030$582$313$162$82$7
49 years$998$556$294$150$75$6
50 years$967$531$277$139$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $990,000, adding $2,253 every year, while hoping to spend $44,344 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: 80/7/13 Blend
45$990,000$990,000$990,000$990,000
46$1,093,304$1,040,834$1,025,489$1,177,857
47$1,157,639$1,044,653$1,012,661$1,237,557
48$1,227,051$1,047,173$997,917$1,297,087
49$1,302,009$1,048,284$981,147$1,361,136
50$1,383,031$1,047,867$962,233$1,430,135
51$1,470,687$1,045,800$941,054$1,504,561
52$1,565,601$1,041,948$917,484$1,584,938
53$1,668,461$1,036,172$891,388$1,671,844
54$1,780,023$1,028,323$862,628$1,765,916
55$1,901,117$1,018,242$831,058$1,867,856
56$2,032,658$1,005,763$796,525$1,978,437
57$2,175,651$990,708$758,871$2,098,511
58$2,331,203$972,888$717,929$2,229,017
59$2,500,531$952,105$673,525$2,370,992
60$2,684,974$928,147$625,476$2,525,575
61$2,886,006$900,791$573,594$2,694,024
62$3,105,249$869,800$517,680$2,877,725
63$3,344,488$834,923$457,526$3,078,207
64$3,605,689$795,897$392,916$3,297,153
65$3,891,013$752,441$323,623$3,536,420
66$4,202,844$704,257$249,412$3,798,053
67$4,543,802$651,034$170,035$4,084,308
68$4,916,774$592,439$85,235$4,397,672
69$5,324,939$528,123$0$4,740,884
70$5,771,796$457,714$0$5,117,695
71$6,261,200$380,822$0$5,543,371
72$6,797,394$297,035$0$6,009,787
73$7,385,053$205,914$0$6,521,031
74$8,029,324$107,000$0$7,081,607
75$8,735,878$0$0$7,696,479
76$9,510,958$0$0$8,371,128
77$10,361,443$0$0$9,120,483
78$11,294,909$0$0$9,942,981
79$12,319,701$0$0$10,845,977
80$13,445,012$0$0$11,837,577
81$14,680,970$0$0$12,926,708
82$16,038,729$0$0$14,123,203
83$17,530,578$0$0$15,437,896
84$19,170,058$0$0$16,882,724
85$20,972,082$0$0$18,470,834
86$22,953,082$0$0$20,216,712
87$25,131,164$0$0$22,136,319
88$27,526,270$0$0$24,247,236
89$30,160,377$0$0$26,568,838
90$33,057,696$0$0$29,122,466
91$36,244,901$0$0$31,931,638
92$39,751,383$0$0$35,022,265
93$43,609,526$0$0$38,422,893
94$47,855,010$0$0$42,164,979
95$52,527,149$0$0$46,283,181
96$57,669,260$0$0$50,815,686
97$63,329,074$0$0$55,804,573
98$69,559,181$0$0$61,296,206
99$76,417,531$0$0$67,341,671
100$83,967,977$0$0$73,997,262