Can I retire at age 46 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$90,837$90,028$89,238$88,468$87,716$85,491
2 years$44,969$44,131$43,320$42,533$41,769$39,543
3 years$29,681$28,840$28,031$27,251$26,500$24,341
4 years$22,039$21,201$20,399$19,633$18,900$16,825
5 years$17,455$16,622$15,831$15,080$14,368$12,382
6 years$14,400$13,573$12,793$12,060$11,369$9,475
7 years$12,219$11,398$10,631$9,915$9,246$7,444
8 years$10,583$9,771$9,016$8,317$7,670$5,960
9 years$9,312$8,507$7,766$7,084$6,459$4,838
10 years$8,296$7,499$6,770$6,107$5,504$3,971
11 years$7,465$6,675$5,960$5,315$4,733$3,286
12 years$6,773$5,992$5,290$4,662$4,102$2,737
13 years$6,188$5,415$4,726$4,116$3,577$2,292
14 years$5,687$4,922$4,246$3,653$3,135$1,928
15 years$5,253$4,496$3,834$3,258$2,761$1,628
16 years$4,873$4,125$3,476$2,917$2,440$1,378
17 years$4,539$3,799$3,163$2,621$2,163$1,170
18 years$4,242$3,510$2,887$2,362$1,924$995
19 years$3,977$3,253$2,643$2,135$1,715$848
20 years$3,739$3,023$2,426$1,933$1,531$723
21 years$3,523$2,816$2,231$1,755$1,371$618
22 years$3,327$2,629$2,057$1,595$1,228$529
23 years$3,149$2,459$1,899$1,453$1,103$453
24 years$2,986$2,304$1,756$1,325$991$388
25 years$2,836$2,162$1,627$1,210$892$332
26 years$2,698$2,032$1,509$1,106$803$285
27 years$2,570$1,912$1,401$1,013$724$245
28 years$2,452$1,802$1,302$928$654$210
29 years$2,342$1,700$1,212$851$590$180
30 years$2,239$1,605$1,129$781$533$155
31 years$2,143$1,517$1,052$717$482$133
32 years$2,054$1,436$982$659$436$114
33 years$1,970$1,360$917$606$395$98
34 years$1,891$1,289$857$558$357$85
35 years$1,817$1,222$801$513$324$73
36 years$1,747$1,160$749$473$293$63
37 years$1,681$1,102$701$436$266$54
38 years$1,619$1,047$657$402$241$46
39 years$1,560$996$615$370$218$40
40 years$1,504$947$577$342$198$34
41 years$1,451$902$541$315$180$29
42 years$1,400$859$507$291$163$25
43 years$1,353$818$476$268$148$22
44 years$1,307$780$447$248$134$19
45 years$1,264$744$419$229$122$16
46 years$1,222$710$394$211$111$14
47 years$1,183$677$370$195$101$12
48 years$1,145$646$348$180$91$10
49 years$1,109$617$327$167$83$9
50 years$1,074$590$307$154$75$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,100,000, adding $5,285 every year, while hoping to spend $27,901 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: 72/19/9 Blend
45$1,100,000$1,100,000$1,100,000$1,100,000
46$1,217,651$1,159,351$1,142,301$1,302,987
47$1,312,165$1,186,473$1,150,882$1,387,196
48$1,415,385$1,213,989$1,158,815$1,475,396
49$1,528,168$1,241,888$1,166,049$1,571,199
50$1,651,460$1,270,160$1,172,531$1,675,347
51$1,786,301$1,298,790$1,178,203$1,788,658
52$1,933,838$1,327,765$1,183,007$1,912,032
53$2,095,332$1,357,067$1,186,880$2,046,461
54$2,272,171$1,386,679$1,189,756$2,193,039
55$2,465,886$1,416,580$1,191,566$2,352,968
56$2,678,162$1,446,748$1,192,239$2,527,574
57$2,910,853$1,477,157$1,191,698$2,718,317
58$3,166,004$1,507,782$1,189,864$2,926,807
59$3,445,865$1,538,592$1,186,653$3,154,815
60$3,752,915$1,569,555$1,181,978$3,404,293
61$4,089,885$1,600,635$1,175,746$3,677,394
62$4,459,782$1,631,795$1,167,862$3,976,486
63$4,865,920$1,662,993$1,158,226$4,304,181
64$5,311,947$1,694,183$1,146,730$4,663,356
65$5,801,885$1,725,318$1,133,265$5,057,181
66$6,340,163$1,756,344$1,117,714$5,489,150
67$6,931,659$1,787,204$1,099,957$5,963,110
68$7,581,749$1,817,838$1,079,867$6,483,303
69$8,296,355$1,848,179$1,057,309$7,054,403
70$9,082,000$1,878,157$1,032,146$7,681,558
71$9,945,872$1,907,695$1,004,232$8,370,444
72$10,895,892$1,936,712$973,414$9,127,313
73$11,940,782$1,965,121$939,533$9,959,056
74$13,090,157$1,992,827$902,422$10,873,266
75$14,354,608$2,019,730$861,908$11,878,311
76$15,745,805$2,045,723$817,809$12,983,411
77$17,276,604$2,070,692$769,933$14,198,730
78$18,961,175$2,094,512$718,082$15,535,463
79$20,815,125$2,117,054$662,049$17,005,952
80$22,855,656$2,138,178$601,616$18,623,796
81$25,101,719$2,157,734$536,556$20,403,982
82$27,574,196$2,175,565$466,632$22,363,024
83$30,296,096$2,191,500$391,597$24,519,123
84$33,292,775$2,205,360$311,192$26,892,336
85$36,592,169$2,216,954$225,147$29,504,767
86$40,225,062$2,226,076$133,182$32,380,774
87$44,225,375$2,232,512$35,001$35,547,202
88$48,630,488$2,236,029$0$39,033,634
89$53,481,587$2,236,383$0$42,879,372
90$58,824,058$2,233,315$0$47,117,665
91$64,707,912$2,226,548$0$51,784,776
92$71,188,259$2,215,789$0$56,924,372
93$78,325,826$2,200,727$0$62,584,574
94$86,187,530$2,181,033$0$68,818,411
95$94,847,111$2,156,356$0$75,684,322
96$104,385,826$2,126,327$0$83,246,704
97$114,893,215$2,090,552$0$91,576,526
98$126,467,949$2,048,615$0$100,751,992
99$139,218,758$2,000,075$0$110,859,286
100$153,265,458$1,944,466$0$121,993,383