Can I retire at age 46 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$83,405$82,662$81,937$81,230$80,539$77,313
2 years$41,290$40,521$39,775$39,053$38,352$35,142
3 years$27,253$26,481$25,737$25,021$24,332$21,240
4 years$20,236$19,466$18,730$18,027$17,354$14,403
5 years$16,027$15,262$14,535$13,846$13,192$10,389
6 years$13,222$12,462$11,747$11,073$10,438$7,786
7 years$11,219$10,466$9,762$9,104$8,489$5,986
8 years$9,717$8,971$8,279$7,637$7,043$4,686
9 years$8,550$7,811$7,130$6,505$5,931$3,717
10 years$7,617$6,885$6,216$5,607$5,053$2,978
11 years$6,854$6,129$5,473$4,880$4,346$2,405
12 years$6,219$5,501$4,857$4,280$3,766$1,953
13 years$5,681$4,972$4,339$3,779$3,284$1,594
14 years$5,221$4,519$3,899$3,355$2,879$1,306
15 years$4,823$4,128$3,520$2,992$2,535$1,073
16 years$4,475$3,788$3,192$2,679$2,240$884
17 years$4,168$3,488$2,904$2,407$1,986$730
18 years$3,895$3,223$2,651$2,169$1,766$603
19 years$3,652$2,987$2,427$1,960$1,574$500
20 years$3,433$2,776$2,227$1,775$1,406$414
21 years$3,235$2,586$2,049$1,611$1,258$344
22 years$3,055$2,414$1,888$1,465$1,128$285
23 years$2,891$2,257$1,743$1,334$1,013$237
24 years$2,742$2,115$1,612$1,217$910$197
25 years$2,604$1,985$1,493$1,111$819$164
26 years$2,477$1,865$1,385$1,016$738$136
27 years$2,360$1,756$1,286$930$665$113
28 years$2,251$1,654$1,196$852$600$94
29 years$2,150$1,561$1,113$781$542$79
30 years$2,056$1,474$1,036$717$490$65
31 years$1,968$1,393$966$659$443$54
32 years$1,886$1,318$901$605$400$45
33 years$1,809$1,248$842$557$362$38
34 years$1,736$1,183$786$512$328$31
35 years$1,668$1,122$735$471$297$26
36 years$1,604$1,065$688$434$269$22
37 years$1,544$1,012$644$400$244$18
38 years$1,486$962$603$369$221$15
39 years$1,432$914$565$340$201$13
40 years$1,381$870$529$314$182$11
41 years$1,332$828$496$289$165$9
42 years$1,286$789$466$267$150$7
43 years$1,242$751$437$246$136$6
44 years$1,200$716$410$228$123$5
45 years$1,160$683$385$210$112$4
46 years$1,122$652$362$194$102$4
47 years$1,086$622$340$179$92$3
48 years$1,051$594$319$166$84$2
49 years$1,018$567$300$153$76$2
50 years$986$541$282$142$69$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,010,000, adding $4,744 every year, while hoping to spend $35,214 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: 39/39/22 Blend
45$1,010,000$1,010,000$1,010,000$1,010,000
46$1,117,913$1,064,383$1,048,728$1,154,032
47$1,194,473$1,079,071$1,046,393$1,195,220
48$1,277,662$1,093,298$1,042,800$1,236,055
49$1,368,118$1,107,004$1,037,869$1,279,498
50$1,466,546$1,120,127$1,031,517$1,325,807
51$1,573,717$1,132,597$1,023,656$1,375,268
52$1,690,484$1,144,342$1,014,196$1,428,195
53$1,817,783$1,155,284$1,003,042$1,484,937
54$1,956,645$1,165,341$990,092$1,545,881
55$2,108,204$1,174,424$975,241$1,611,455
56$2,273,710$1,182,440$958,381$1,682,132
57$2,454,537$1,189,288$939,395$1,758,436
58$2,652,199$1,194,863$918,165$1,840,948
59$2,868,363$1,199,051$894,562$1,930,307
60$3,104,863$1,201,731$868,457$2,027,225
61$3,363,720$1,202,777$839,711$2,132,485
62$3,647,158$1,202,051$808,180$2,246,956
63$3,957,628$1,199,411$773,714$2,371,597
64$4,297,827$1,194,703$736,154$2,507,471
65$4,670,726$1,187,765$695,337$2,655,749
66$5,079,599$1,178,424$651,089$2,817,729
67$5,528,049$1,166,498$603,232$2,994,844
68$6,020,047$1,151,793$551,577$3,188,680
69$6,559,965$1,134,104$495,927$3,400,986
70$7,152,619$1,113,213$436,079$3,633,697
71$7,803,315$1,088,890$371,817$3,888,951
72$8,517,899$1,060,891$302,918$4,169,108
73$9,302,806$1,028,956$229,148$4,476,778
74$10,165,132$992,814$150,263$4,814,841
75$11,112,687$952,174$66,009$5,186,479
76$12,154,081$906,730$0$5,595,206
77$13,298,795$856,159$0$6,050,514
78$14,557,278$800,116$0$6,567,975
79$15,941,040$738,241$0$7,136,877
80$17,462,761$670,150$0$7,762,512
81$19,136,413$595,438$0$8,450,720
82$20,977,390$513,677$0$9,207,940
83$23,002,652$424,416$0$10,041,277
84$25,230,887$327,176$0$10,958,565
85$27,682,683$221,453$0$11,968,446
86$30,380,727$106,714$0$13,080,453
87$33,350,015$0$0$14,305,097
88$36,618,090$0$0$15,661,526
89$40,215,300$0$0$17,205,135
90$44,175,083$0$0$18,904,495
91$48,534,285$0$0$20,775,439
92$53,333,507$0$0$22,835,414
93$58,617,484$0$0$25,103,644
94$64,435,511$0$0$27,601,313
95$70,841,906$0$0$30,351,763
96$77,896,525$0$0$33,380,715
97$85,665,319$0$0$36,716,511
98$94,220,967$0$0$40,390,384
99$103,643,550$0$0$44,436,749
100$114,021,317$0$0$48,893,530