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%15.4%
1 years$82,579$81,843$81,126$80,425$79,741$77,972
2 years$40,881$40,119$39,381$38,666$37,972$36,199
3 years$26,983$26,218$25,482$24,774$24,091$22,369
4 years$20,036$19,273$18,545$17,848$17,182$15,525
5 years$15,868$15,111$14,391$13,709$13,061$11,473
6 years$13,091$12,339$11,630$10,963$10,335$8,818
7 years$11,108$10,362$9,665$9,013$8,405$6,959
8 years$9,621$8,882$8,197$7,561$6,973$5,598
9 years$8,466$7,734$7,060$6,440$5,872$4,566
10 years$7,542$6,817$6,155$5,552$5,003$3,766
11 years$6,786$6,069$5,419$4,832$4,303$3,132
12 years$6,157$5,447$4,809$4,238$3,729$2,623
13 years$5,625$4,922$4,296$3,742$3,252$2,209
14 years$5,170$4,474$3,860$3,321$2,850$1,868
15 years$4,775$4,087$3,485$2,962$2,510$1,586
16 years$4,430$3,750$3,160$2,652$2,218$1,350
17 years$4,126$3,454$2,875$2,383$1,967$1,153
18 years$3,857$3,191$2,625$2,148$1,749$986
19 years$3,615$2,958$2,403$1,940$1,559$845
20 years$3,399$2,748$2,205$1,757$1,392$726
21 years$3,203$2,560$2,029$1,595$1,246$624
22 years$3,025$2,390$1,870$1,450$1,117$537
23 years$2,863$2,235$1,726$1,321$1,002$463
24 years$2,714$2,094$1,596$1,205$901$399
25 years$2,578$1,965$1,479$1,100$811$344
26 years$2,453$1,847$1,371$1,006$730$297
27 years$2,336$1,738$1,273$921$658$256
28 years$2,229$1,638$1,184$844$594$222
29 years$2,129$1,545$1,102$774$537$192
30 years$2,036$1,459$1,026$710$485$166
31 years$1,949$1,380$957$652$438$143
32 years$1,867$1,305$893$599$396$124
33 years$1,791$1,236$833$551$359$107
34 years$1,719$1,172$779$507$325$93
35 years$1,652$1,111$728$467$294$80
36 years$1,588$1,055$681$430$267$70
37 years$1,528$1,002$637$396$242$60
38 years$1,472$952$597$365$219$52
39 years$1,418$905$559$337$199$45
40 years$1,367$861$524$310$180$39
41 years$1,319$820$492$286$163$34
42 years$1,273$781$461$264$148$29
43 years$1,230$744$433$244$135$25
44 years$1,188$709$406$225$122$22
45 years$1,149$676$381$208$111$19
46 years$1,111$645$358$192$101$17
47 years$1,075$616$336$178$91$14
48 years$1,041$588$316$164$83$12
49 years$1,008$561$297$152$75$11
50 years$976$536$279$140$69$9

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 $4,706 every year, while hoping to spend $52,806 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: 54/30/16 Blend
45$1,000,000$1,000,000$1,000,000$1,000,000
46$1,106,854$1,053,854$1,038,354$1,161,652
47$1,163,568$1,049,308$1,016,954$1,195,019
48$1,224,297$1,042,769$993,067$1,225,282
49$1,289,395$1,034,084$966,554$1,257,041
50$1,359,249$1,023,091$937,270$1,290,449
51$1,434,287$1,009,616$905,062$1,325,682
52$1,514,974$993,477$869,772$1,362,934
53$1,601,825$974,481$831,233$1,402,421
54$1,695,403$952,423$789,271$1,444,387
55$1,796,327$927,084$743,705$1,489,102
56$1,905,277$898,236$694,344$1,536,865
57$2,023,001$865,635$640,989$1,588,013
58$2,150,318$829,022$583,434$1,642,920
59$2,288,133$788,127$521,461$1,702,000
60$2,437,437$742,659$454,844$1,765,716
61$2,599,321$692,315$383,347$1,834,583
62$2,774,985$636,772$306,723$1,909,173
63$2,965,749$575,689$224,714$1,990,120
64$3,173,064$508,707$137,050$2,078,132
65$3,398,527$435,443$43,451$2,173,992
66$3,643,893$355,497$0$2,278,571
67$3,911,097$268,442$0$2,402,469
68$4,202,264$173,832$0$2,545,666
69$4,519,736$71,190$0$2,701,979
70$4,866,088$0$0$2,872,785
71$5,244,157$0$0$3,072,802
72$5,657,063$0$0$3,317,006
73$6,108,243$0$0$3,583,938
74$6,601,479$0$0$3,875,847
75$7,140,936$0$0$4,195,212
76$7,731,200$0$0$4,544,758
77$8,377,320$0$0$4,927,490
78$9,084,858$0$0$5,346,714
79$9,859,935$0$0$5,806,073
80$10,709,295$0$0$6,309,577
81$11,640,365$0$0$6,861,644
82$12,661,324$0$0$7,467,139
83$13,781,180$0$0$8,131,421
84$15,009,856$0$0$8,860,393
85$16,358,282$0$0$9,660,556
86$17,838,495$0$0$10,539,073
87$19,463,759$0$0$11,503,832
88$21,248,679$0$0$12,563,525
89$23,209,350$0$0$13,727,725
90$25,363,498$0$0$15,006,979
91$27,730,653$0$0$16,412,906
92$30,332,330$0$0$17,958,307
93$33,192,233$0$0$19,657,285
94$36,336,475$0$0$21,525,376
95$39,793,827$0$0$23,579,698
96$43,595,986$0$0$25,839,111
97$47,777,876$0$0$28,324,395
98$52,377,974$0$0$31,058,442
99$57,438,674$0$0$34,066,479
100$63,006,688$0$0$37,376,297