Can I retire at age 46 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$86,708$85,936$85,182$84,447$83,728$83,062
2 years$42,925$42,125$41,351$40,599$39,871$39,199
3 years$28,332$27,529$26,757$26,012$25,296$24,639
4 years$21,037$20,237$19,472$18,740$18,041$17,405
5 years$16,662$15,866$15,111$14,394$13,715$13,101
6 years$13,745$12,956$12,212$11,511$10,852$10,261
7 years$11,663$10,880$10,148$9,464$8,825$8,258
8 years$10,102$9,326$8,606$7,939$7,322$6,778
9 years$8,889$8,120$7,413$6,762$6,166$5,645
10 years$7,919$7,158$6,463$5,829$5,254$4,756
11 years$7,125$6,372$5,690$5,073$4,518$4,043
12 years$6,465$5,719$5,049$4,450$3,915$3,463
13 years$5,906$5,168$4,511$3,929$3,414$2,983
14 years$5,428$4,698$4,053$3,487$2,993$2,583
15 years$5,014$4,292$3,660$3,110$2,635$2,246
16 years$4,652$3,938$3,318$2,785$2,329$1,960
17 years$4,333$3,626$3,019$2,502$2,065$1,715
18 years$4,049$3,351$2,756$2,255$1,836$1,505
19 years$3,796$3,106$2,523$2,037$1,637$1,324
20 years$3,569$2,886$2,316$1,845$1,462$1,166
21 years$3,363$2,688$2,130$1,675$1,308$1,029
22 years$3,176$2,509$1,963$1,523$1,173$910
23 years$3,006$2,347$1,813$1,387$1,053$805
24 years$2,850$2,199$1,676$1,265$946$713
25 years$2,707$2,063$1,553$1,155$851$633
26 years$2,575$1,939$1,440$1,056$767$562
27 years$2,453$1,825$1,337$967$691$499
28 years$2,340$1,720$1,243$886$624$443
29 years$2,235$1,622$1,157$812$563$394
30 years$2,137$1,532$1,077$745$509$351
31 years$2,046$1,448$1,004$685$460$312
32 years$1,961$1,371$937$629$416$278
33 years$1,880$1,298$875$579$377$248
34 years$1,805$1,230$818$532$341$221
35 years$1,734$1,167$764$490$309$197
36 years$1,668$1,107$715$451$280$176
37 years$1,605$1,052$669$416$254$157
38 years$1,545$1,000$627$383$230$140
39 years$1,489$951$587$353$209$125
40 years$1,436$904$550$326$189$111
41 years$1,385$861$516$301$172$99
42 years$1,337$820$484$278$156$89
43 years$1,291$781$454$256$141$79
44 years$1,248$745$426$237$128$71
45 years$1,206$710$400$218$116$63
46 years$1,167$677$376$202$106$56
47 years$1,129$646$353$186$96$50
48 years$1,093$617$332$172$87$45
49 years$1,058$589$312$159$79$40
50 years$1,025$563$293$147$72$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,050,000, adding $5,715 every year, while hoping to spend $37,714 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: 80/11/9 Blend
45$1,050,000$1,050,000$1,050,000$1,050,000
46$1,162,995$1,107,345$1,091,070$1,254,028
47$1,241,493$1,121,478$1,087,493$1,328,672
48$1,326,734$1,135,039$1,082,533$1,405,038
49$1,419,366$1,147,960$1,076,103$1,487,712
50$1,520,101$1,160,170$1,068,112$1,577,307
51$1,629,724$1,171,591$1,058,466$1,674,496
52$1,749,097$1,182,141$1,047,067$1,780,022
53$1,879,171$1,191,731$1,033,809$1,894,701
54$2,020,989$1,200,269$1,018,585$2,019,434
55$2,175,702$1,207,655$1,001,280$2,155,213
56$2,344,577$1,213,782$981,775$2,303,131
57$2,529,005$1,218,539$959,946$2,464,392
58$2,730,522$1,221,806$935,662$2,640,323
59$2,950,815$1,223,454$908,787$2,832,384
60$3,191,744$1,223,350$879,178$3,042,186
61$3,455,356$1,221,348$846,684$3,271,503
62$3,743,906$1,217,297$811,152$3,522,292
63$4,059,875$1,211,035$772,415$3,796,705
64$4,405,996$1,202,390$730,306$4,097,118
65$4,785,280$1,191,180$684,644$4,426,147
66$5,201,043$1,177,211$635,243$4,786,675
67$5,656,934$1,160,280$581,909$5,181,880
68$6,156,976$1,140,168$524,437$5,615,262
69$6,705,598$1,116,647$462,616$6,090,681
70$7,307,678$1,089,472$396,223$6,612,389
71$7,968,592$1,058,386$325,027$7,185,073
72$8,694,257$1,023,116$248,784$7,813,897
73$9,491,196$983,374$167,243$8,504,555
74$10,366,591$938,852$80,139$9,263,319
75$11,328,357$889,229$0$10,097,104
76$12,385,210$834,162$0$11,014,758
77$13,546,755$773,290$0$12,031,743
78$14,823,573$706,230$0$13,149,638
79$16,227,321$632,578$0$14,378,673
80$17,770,840$551,908$0$15,730,121
81$19,468,281$463,766$0$17,216,404
82$21,335,233$367,678$0$18,851,210
83$23,388,871$263,138$0$20,649,623
84$25,648,119$149,616$0$22,628,266
85$28,133,829$26,549$0$24,805,455
86$30,868,974$0$0$27,201,376
87$33,878,867$0$0$29,851,182
88$37,191,398$0$0$32,770,992
89$40,837,299$0$0$35,984,685
90$44,850,433$0$0$39,522,112
91$49,268,109$0$0$43,416,168
92$54,131,440$0$0$47,703,095
93$59,485,728$0$0$52,422,831
94$65,380,889$0$0$57,619,382
95$71,871,927$0$0$63,341,238
96$79,019,449$0$0$69,641,830
97$86,890,241$0$0$76,580,036
98$95,557,894$0$0$84,220,733
99$105,103,500$0$0$92,635,412
100$115,616,418$0$0$101,902,849