Can I retire at age 46 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$87,534$86,754$85,993$85,251$84,526$84,134
2 years$43,334$42,527$41,744$40,986$40,250$39,855
3 years$28,602$27,792$27,011$26,260$25,537$25,150
4 years$21,238$20,430$19,657$18,919$18,213$17,838
5 years$16,820$16,017$15,255$14,532$13,845$13,483
6 years$13,876$13,079$12,328$11,621$10,955$10,606
7 years$11,774$10,984$10,245$9,554$8,909$8,573
8 years$10,199$9,415$8,688$8,015$7,391$7,069
9 years$8,974$8,198$7,483$6,827$6,225$5,915
10 years$7,994$7,226$6,524$5,885$5,304$5,007
11 years$7,193$6,433$5,744$5,122$4,561$4,278
12 years$6,526$5,774$5,097$4,492$3,953$3,682
13 years$5,963$5,218$4,554$3,966$3,447$3,188
14 years$5,480$4,743$4,092$3,521$3,021$2,775
15 years$5,062$4,333$3,695$3,140$2,660$2,426
16 years$4,696$3,975$3,350$2,811$2,351$2,128
17 years$4,374$3,661$3,048$2,526$2,085$1,873
18 years$4,088$3,383$2,782$2,276$1,854$1,653
19 years$3,832$3,135$2,547$2,057$1,652$1,462
20 years$3,603$2,913$2,338$1,863$1,476$1,295
21 years$3,395$2,714$2,150$1,691$1,321$1,150
22 years$3,206$2,533$1,982$1,537$1,184$1,023
23 years$3,035$2,369$1,830$1,400$1,063$910
24 years$2,877$2,220$1,692$1,277$955$812
25 years$2,733$2,083$1,567$1,166$859$724
26 years$2,600$1,958$1,454$1,066$774$647
27 years$2,477$1,843$1,350$976$698$578
28 years$2,363$1,736$1,255$894$630$517
29 years$2,256$1,638$1,168$820$569$463
30 years$2,158$1,547$1,088$753$514$415
31 years$2,065$1,462$1,014$691$465$372
32 years$1,979$1,384$946$635$420$333
33 years$1,898$1,310$883$584$380$299
34 years$1,822$1,242$825$537$344$268
35 years$1,751$1,178$772$495$312$241
36 years$1,684$1,118$722$456$283$216
37 years$1,620$1,062$676$420$256$194
38 years$1,560$1,009$633$387$232$174
39 years$1,503$960$593$357$211$157
40 years$1,449$913$556$329$191$141
41 years$1,398$869$521$304$173$126
42 years$1,350$828$489$280$157$114
43 years$1,303$789$459$259$143$102
44 years$1,259$752$430$239$130$92
45 years$1,218$717$404$221$118$83
46 years$1,178$684$380$204$107$74
47 years$1,140$653$357$188$97$67
48 years$1,103$623$335$174$88$60
49 years$1,068$595$315$161$80$54
50 years$1,035$568$296$149$73$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,060,000, adding $3,519 every year, while hoping to spend $58,050 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: 83/11/6 Blend
45$1,060,000$1,060,000$1,060,000$1,060,000
46$1,171,750$1,115,570$1,099,140$1,268,302
47$1,229,504$1,108,468$1,074,196$1,324,781
48$1,291,203$1,099,073$1,046,472$1,378,590
49$1,357,188$1,087,210$1,015,811$1,435,859
50$1,427,834$1,072,696$982,053$1,496,899
51$1,503,550$1,055,335$945,030$1,562,051
52$1,584,787$1,034,922$904,563$1,631,693
53$1,672,039$1,011,236$860,469$1,706,240
54$1,765,846$984,046$812,554$1,786,149
55$1,866,804$953,106$760,616$1,871,923
56$1,975,567$918,157$704,446$1,964,118
57$2,092,851$878,923$643,821$2,063,343
58$2,219,445$835,114$578,513$2,170,273
59$2,356,216$786,421$508,280$2,285,650
60$2,504,114$732,520$432,871$2,410,290
61$2,664,186$673,066$352,025$2,545,096
62$2,837,582$607,695$265,466$2,691,060
63$3,025,566$536,023$172,910$2,849,277
64$3,229,529$457,643$74,058$3,020,954
65$3,451,000$372,126$0$3,207,421
66$3,691,660$279,019$0$3,412,156
67$3,953,361$177,843$0$3,639,954
68$4,238,138$68,091$0$3,887,872
69$4,548,230$0$0$4,157,898
70$4,886,102$0$0$4,458,366
71$5,254,467$0$0$4,794,955
72$5,656,310$0$0$5,162,155
73$6,094,916$0$0$5,562,970
74$6,573,902$0$0$6,000,707
75$7,097,249$0$0$6,479,009
76$7,669,342$0$0$7,001,883
77$8,295,005$0$0$7,573,745
78$8,979,553$0$0$8,199,452
79$9,728,837$0$0$8,884,358
80$10,549,298$0$0$9,634,353
81$11,448,032$0$0$10,455,927
82$12,432,853$0$0$11,356,226
83$13,512,364$0$0$12,343,120
84$14,696,043$0$0$13,425,277
85$15,994,328$0$0$14,612,244
86$17,418,716$0$0$15,914,535
87$18,981,870$0$0$17,343,733
88$20,697,739$0$0$18,912,595
89$22,581,687$0$0$20,635,175
90$24,650,641$0$0$22,526,954
91$26,923,245$0$0$24,604,983
92$29,420,039$0$0$26,888,051
93$32,163,651$0$0$29,396,853
94$35,179,008$0$0$32,154,188
95$38,493,574$0$0$35,185,176
96$42,137,604$0$0$38,517,488
97$46,144,433$0$0$42,181,615
98$50,550,784$0$0$46,211,146
99$55,397,122$0$0$50,643,090
100$60,728,026$0$0$55,518,221