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%15.4%
1 years$81,753$81,025$80,315$79,621$78,944$77,192
2 years$40,472$39,718$38,988$38,279$37,592$35,837
3 years$26,713$25,956$25,228$24,526$23,850$22,145
4 years$19,835$19,081$18,359$17,670$17,010$15,369
5 years$15,710$14,959$14,248$13,572$12,931$11,359
6 years$12,960$12,215$11,514$10,854$10,232$8,730
7 years$10,997$10,259$9,568$8,923$8,321$6,890
8 years$9,525$8,793$8,115$7,486$6,903$5,542
9 years$8,381$7,656$6,989$6,376$5,813$4,521
10 years$7,466$6,749$6,093$5,496$4,953$3,728
11 years$6,718$6,008$5,364$4,783$4,260$3,101
12 years$6,095$5,392$4,761$4,196$3,692$2,597
13 years$5,569$4,873$4,253$3,704$3,219$2,186
14 years$5,118$4,430$3,822$3,288$2,822$1,849
15 years$4,727$4,046$3,451$2,932$2,485$1,570
16 years$4,386$3,713$3,128$2,626$2,196$1,337
17 years$4,085$3,419$2,847$2,359$1,947$1,141
18 years$3,818$3,159$2,599$2,126$1,731$977
19 years$3,579$2,928$2,379$1,921$1,543$837
20 years$3,365$2,721$2,183$1,740$1,378$719
21 years$3,171$2,534$2,008$1,579$1,233$618
22 years$2,995$2,366$1,851$1,436$1,106$532
23 years$2,834$2,213$1,709$1,308$992$458
24 years$2,687$2,073$1,581$1,193$892$395
25 years$2,552$1,946$1,464$1,089$803$341
26 years$2,428$1,829$1,358$996$723$294
27 years$2,313$1,721$1,261$912$652$254
28 years$2,206$1,622$1,172$835$588$219
29 years$2,107$1,530$1,091$766$531$190
30 years$2,015$1,445$1,016$703$480$164
31 years$1,929$1,366$947$646$434$142
32 years$1,848$1,292$884$593$392$123
33 years$1,773$1,224$825$546$355$106
34 years$1,702$1,160$771$502$322$92
35 years$1,635$1,100$721$462$291$80
36 years$1,572$1,044$674$426$264$69
37 years$1,513$992$631$392$239$60
38 years$1,457$942$591$361$217$52
39 years$1,404$896$554$333$197$45
40 years$1,353$853$519$307$178$39
41 years$1,306$812$487$284$162$34
42 years$1,260$773$456$262$147$29
43 years$1,217$737$428$242$133$25
44 years$1,176$702$402$223$121$22
45 years$1,137$669$378$206$110$19
46 years$1,100$639$355$190$100$16
47 years$1,064$609$333$176$91$14
48 years$1,030$582$313$162$82$12
49 years$998$556$294$150$75$11
50 years$967$531$277$139$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $990,000, adding $6,723 every year, while hoping to spend $46,901 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: 56/32/12 Blend
45$990,000$990,000$990,000$990,000
46$1,097,915$1,045,445$1,030,100$1,155,700
47$1,160,000$1,046,769$1,014,706$1,196,916
48$1,226,846$1,046,587$997,224$1,236,059
49$1,298,888$1,044,774$977,536$1,277,592
50$1,376,607$1,041,200$955,515$1,321,752
51$1,460,527$1,035,725$931,031$1,368,799
52$1,551,228$1,028,203$903,948$1,419,025
53$1,649,345$1,018,476$874,122$1,472,752
54$1,755,576$1,006,379$841,403$1,530,336
55$1,870,690$991,737$805,635$1,592,174
56$1,995,530$974,363$766,654$1,658,704
57$2,131,027$954,059$724,289$1,730,411
58$2,278,200$930,616$678,362$1,807,835
59$2,438,175$903,815$628,685$1,891,570
60$2,612,186$873,419$575,063$1,982,278
61$2,801,593$839,181$517,292$2,080,688
62$3,007,894$800,839$455,160$2,187,610
63$3,232,734$758,115$388,443$2,303,940
64$3,477,926$710,716$316,908$2,430,669
65$3,745,465$658,331$240,315$2,568,893
66$4,037,545$600,632$158,408$2,719,826
67$4,356,584$537,272$70,924$2,884,810
68$4,705,241$467,884$0$3,065,331
69$5,086,447$392,082$0$3,265,902
70$5,503,426$309,455$0$3,495,345
71$5,959,729$219,572$0$3,746,616
72$6,459,266$121,975$0$4,021,972
73$7,006,342$16,183$0$4,323,911
74$7,605,699$0$0$4,655,186
75$8,262,559$0$0$5,053,458
76$8,982,673$0$0$5,496,421
77$9,772,375$0$0$5,982,282
78$10,638,640$0$0$6,515,345
79$11,589,153$0$0$7,100,352
80$12,632,378$0$0$7,742,523
81$13,777,637$0$0$8,447,610
82$15,035,201$0$0$9,221,950
83$16,416,381$0$0$10,072,523
84$17,933,642$0$0$11,007,016
85$19,600,710$0$0$12,033,901
86$21,432,712$0$0$13,162,510
87$23,446,308$0$0$14,403,124
88$25,659,856$0$0$15,767,068
89$28,093,581$0$0$17,266,821
90$30,769,762$0$0$18,916,132
91$33,712,948$0$0$20,730,147
92$36,950,187$0$0$22,725,556
93$40,511,278$0$0$24,920,746
94$44,429,053$0$0$27,335,977
95$48,739,688$0$0$29,993,571
96$53,483,043$0$0$32,918,123
97$58,703,035$0$0$36,136,734
98$64,448,055$0$0$39,679,263
99$70,771,422$0$0$43,578,612
100$77,731,887$0$0$47,871,035