Can I retire at age 46 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$89,185$88,391$87,616$86,859$86,121$83,801
2 years$44,151$43,329$42,532$41,759$41,010$38,689
3 years$29,142$28,316$27,521$26,756$26,018$23,770
4 years$21,638$20,815$20,028$19,276$18,557$16,397
5 years$17,138$16,319$15,543$14,806$14,106$12,042
6 years$14,138$13,326$12,561$11,840$11,162$9,194
7 years$11,997$11,191$10,438$9,735$9,078$7,207
8 years$10,391$9,593$8,852$8,166$7,531$5,757
9 years$9,143$8,352$7,625$6,956$6,342$4,662
10 years$8,145$7,362$6,647$5,996$5,404$3,816
11 years$7,329$6,554$5,852$5,218$4,647$3,150
12 years$6,650$5,883$5,194$4,577$4,027$2,617
13 years$6,075$5,316$4,640$4,041$3,512$2,186
14 years$5,583$4,832$4,169$3,587$3,078$1,834
15 years$5,157$4,414$3,764$3,199$2,711$1,544
16 years$4,785$4,050$3,413$2,864$2,396$1,303
17 years$4,457$3,730$3,106$2,574$2,124$1,103
18 years$4,165$3,447$2,835$2,319$1,889$936
19 years$3,905$3,194$2,595$2,096$1,683$795
20 years$3,671$2,968$2,382$1,898$1,504$676
21 years$3,459$2,765$2,191$1,723$1,346$576
22 years$3,267$2,581$2,019$1,566$1,206$491
23 years$3,092$2,414$1,864$1,426$1,083$419
24 years$2,932$2,262$1,724$1,301$973$358
25 years$2,784$2,122$1,597$1,188$876$306
26 years$2,649$1,995$1,481$1,086$789$261
27 years$2,523$1,877$1,375$994$711$224
28 years$2,407$1,769$1,279$911$642$191
29 years$2,299$1,669$1,190$835$579$164
30 years$2,198$1,576$1,108$767$524$140
31 years$2,104$1,490$1,033$704$473$120
32 years$2,017$1,410$964$647$428$103
33 years$1,934$1,335$900$595$387$88
34 years$1,857$1,265$841$548$351$76
35 years$1,784$1,200$786$504$318$65
36 years$1,715$1,139$736$464$288$55
37 years$1,651$1,082$688$428$261$48
38 years$1,589$1,028$645$394$237$41
39 years$1,531$978$604$364$215$35
40 years$1,477$930$566$335$195$30
41 years$1,424$885$531$309$177$26
42 years$1,375$843$498$285$160$22
43 years$1,328$803$467$264$145$19
44 years$1,283$766$439$243$132$16
45 years$1,241$730$412$225$120$14
46 years$1,200$697$387$208$109$12
47 years$1,161$665$363$192$99$10
48 years$1,124$635$341$177$90$9
49 years$1,088$606$321$164$81$8
50 years$1,054$579$302$151$74$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,080,000, adding $6,436 every year, while hoping to spend $41,299 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: 50/23/27 Blend
45$1,080,000$1,080,000$1,080,000$1,080,000
46$1,196,799$1,139,559$1,122,819$1,247,221
47$1,274,930$1,151,455$1,116,491$1,294,983
48$1,359,647$1,162,551$1,108,568$1,342,227
49$1,451,578$1,172,762$1,098,951$1,392,763
50$1,551,412$1,182,001$1,087,539$1,446,921
51$1,659,910$1,190,173$1,074,226$1,505,069
52$1,777,909$1,197,179$1,058,900$1,567,611
53$1,906,326$1,202,912$1,041,445$1,634,997
54$2,046,175$1,207,258$1,021,737$1,707,722
55$2,198,569$1,210,098$999,649$1,786,335
56$2,364,733$1,211,303$975,047$1,871,444
57$2,546,016$1,210,737$947,791$1,963,719
58$2,743,903$1,208,256$917,735$2,063,903
59$2,960,027$1,203,706$884,725$2,172,818
60$3,196,187$1,196,925$848,601$2,291,369
61$3,454,364$1,187,740$809,195$2,420,560
62$3,736,738$1,175,969$766,332$2,561,500
63$4,045,711$1,161,417$719,830$2,715,414
64$4,383,925$1,143,878$669,496$2,883,655
65$4,754,292$1,123,134$615,130$3,067,719
66$5,160,017$1,098,955$556,525$3,269,259
67$5,604,632$1,071,096$493,461$3,490,100
68$6,092,023$1,039,299$425,710$3,732,259
69$6,626,473$1,003,288$353,035$3,997,962
70$7,212,698$962,774$275,187$4,289,670
71$7,855,894$917,451$191,906$4,610,098
72$8,561,782$866,993$102,922$4,962,245
73$9,336,664$811,057$7,951$5,349,423
74$10,187,485$749,279$0$5,775,287
75$11,121,892$681,277$0$6,270,781
76$12,148,309$606,644$0$6,817,646
77$13,276,019$524,952$0$7,418,597
78$14,515,245$435,747$0$8,079,159
79$15,877,253$338,551$0$8,805,423
80$17,374,450$232,858$0$9,604,102
81$19,020,511$118,134$0$10,482,602
82$20,830,495$0$0$11,449,084
83$22,821,000$0$0$12,514,113
84$25,010,310$0$0$13,718,524
85$27,418,567$0$0$15,043,516
86$30,067,970$0$0$16,501,317
87$32,982,971$0$0$18,105,400
88$36,190,517$0$0$19,870,609
89$39,720,296$0$0$21,813,301
90$43,605,021$0$0$23,951,498
91$47,880,734$0$0$26,305,057
92$52,587,153$0$0$28,895,861
93$57,768,038$0$0$31,748,020
94$63,471,608$0$0$34,888,099
95$69,750,996$0$0$38,345,372
96$76,664,749$0$0$42,152,095
97$84,277,377$0$0$46,343,813
98$92,659,967$0$0$50,959,690
99$101,890,850$0$0$56,042,884
100$112,056,340$0$0$61,640,951