Can I retire at age 46 with 1,000,000?

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$82,579$81,843$81,126$80,425$79,741$78,131
2 years$40,881$40,119$39,381$38,666$37,972$36,357
3 years$26,983$26,218$25,482$24,774$24,091$22,521
4 years$20,036$19,273$18,545$17,848$17,182$15,670
5 years$15,868$15,111$14,391$13,709$13,061$11,611
6 years$13,091$12,339$11,630$10,963$10,335$8,948
7 years$11,108$10,362$9,665$9,013$8,405$7,082
8 years$9,621$8,882$8,197$7,561$6,973$5,713
9 years$8,466$7,734$7,060$6,440$5,872$4,675
10 years$7,542$6,817$6,155$5,552$5,003$3,867
11 years$6,786$6,069$5,419$4,832$4,303$3,227
12 years$6,157$5,447$4,809$4,238$3,729$2,711
13 years$5,625$4,922$4,296$3,742$3,252$2,290
14 years$5,170$4,474$3,860$3,321$2,850$1,943
15 years$4,775$4,087$3,485$2,962$2,510$1,656
16 years$4,430$3,750$3,160$2,652$2,218$1,415
17 years$4,126$3,454$2,875$2,383$1,967$1,212
18 years$3,857$3,191$2,625$2,148$1,749$1,041
19 years$3,615$2,958$2,403$1,940$1,559$896
20 years$3,399$2,748$2,205$1,757$1,392$772
21 years$3,203$2,560$2,029$1,595$1,246$666
22 years$3,025$2,390$1,870$1,450$1,117$575
23 years$2,863$2,235$1,726$1,321$1,002$498
24 years$2,714$2,094$1,596$1,205$901$431
25 years$2,578$1,965$1,479$1,100$811$373
26 years$2,453$1,847$1,371$1,006$730$323
27 years$2,336$1,738$1,273$921$658$280
28 years$2,229$1,638$1,184$844$594$243
29 years$2,129$1,545$1,102$774$537$211
30 years$2,036$1,459$1,026$710$485$183
31 years$1,949$1,380$957$652$438$159
32 years$1,867$1,305$893$599$396$138
33 years$1,791$1,236$833$551$359$120
34 years$1,719$1,172$779$507$325$104
35 years$1,652$1,111$728$467$294$91
36 years$1,588$1,055$681$430$267$79
37 years$1,528$1,002$637$396$242$69
38 years$1,472$952$597$365$219$60
39 years$1,418$905$559$337$199$52
40 years$1,367$861$524$310$180$45
41 years$1,319$820$492$286$163$39
42 years$1,273$781$461$264$148$34
43 years$1,230$744$433$244$135$30
44 years$1,188$709$406$225$122$26
45 years$1,149$676$381$208$111$23
46 years$1,111$645$358$192$101$20
47 years$1,075$616$336$178$91$17
48 years$1,041$588$316$164$83$15
49 years$1,008$561$297$152$75$13
50 years$976$536$279$140$69$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,000,000, adding $5,821 every year, while hoping to spend $41,872 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: 29/48/23 Blend
45$1,000,000$1,000,000$1,000,000$1,000,000
46$1,108,004$1,055,004$1,039,504$1,132,042
47$1,176,469$1,062,148$1,029,776$1,158,281
48$1,250,514$1,068,238$1,018,319$1,182,373
49$1,330,664$1,073,180$1,005,030$1,207,404
50$1,417,497$1,076,870$989,803$1,233,483
51$1,511,645$1,079,201$972,526$1,260,732
52$1,613,809$1,080,057$953,081$1,289,287
53$1,724,754$1,079,317$931,346$1,319,303
54$1,845,325$1,076,849$907,192$1,350,954
55$1,976,451$1,072,518$880,486$1,384,436
56$2,119,153$1,066,175$851,086$1,419,968
57$2,274,555$1,057,666$818,846$1,457,796
58$2,443,895$1,046,827$783,613$1,498,197
59$2,628,534$1,033,483$745,225$1,541,480
60$2,829,969$1,017,449$703,515$1,587,991
61$3,049,851$998,529$658,308$1,638,115
62$3,289,994$976,515$609,419$1,692,287
63$3,552,397$951,188$556,659$1,750,987
64$3,839,261$922,315$499,826$1,814,756
65$4,153,006$889,650$438,711$1,884,192
66$4,496,301$852,931$373,096$1,959,966
67$4,872,083$811,883$302,754$2,042,823
68$5,283,584$766,215$227,445$2,133,593
69$5,734,368$715,617$146,922$2,233,200
70$6,228,354$659,763$60,925$2,342,672
71$6,769,863$598,309$0$2,463,150
72$7,363,652$530,889$0$2,603,476
73$8,014,961$457,118$0$2,773,937
74$8,729,559$376,589$0$2,961,205
75$9,513,804$288,872$0$3,167,093
76$10,374,698$193,513$0$3,393,611
77$11,319,954$90,031$0$3,642,980
78$12,358,067$0$0$3,917,661
79$13,498,397$0$0$4,232,036
80$14,751,255$0$0$4,629,849
81$16,127,999$0$0$5,067,171
82$17,641,143$0$0$5,548,001
83$19,304,472$0$0$6,076,740
84$21,133,174$0$0$6,658,240
85$23,143,983$0$0$7,297,847
86$25,355,334$0$0$8,001,447
87$27,787,539$0$0$8,775,530
88$30,462,977$0$0$9,627,245
89$33,406,304$0$0$10,564,468
90$36,644,687$0$0$11,595,878
91$40,208,061$0$0$12,731,037
92$44,129,405$0$0$13,980,483
93$48,445,061$0$0$15,355,825
94$53,195,068$0$0$16,869,855
95$58,423,548$0$0$18,536,671
96$64,179,114$0$0$20,371,803
97$70,515,333$0$0$22,392,367
98$77,491,229$0$0$24,617,222
99$85,171,843$0$0$27,067,149
100$93,628,838$0$0$29,765,046