Can I retire at age 46 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$91,663$90,846$90,050$89,272$88,513$86,761
2 years$45,378$44,532$43,713$42,919$42,149$40,392
3 years$29,951$29,102$28,285$27,499$26,741$25,033
4 years$22,240$21,393$20,585$19,811$19,072$17,426
5 years$17,614$16,773$15,974$15,217$14,498$12,919
6 years$14,531$13,696$12,910$12,169$11,472$9,962
7 years$12,330$11,502$10,728$10,005$9,330$7,888
8 years$10,680$9,859$9,098$8,393$7,740$6,367
9 years$9,397$8,584$7,836$7,149$6,518$5,213
10 years$8,371$7,567$6,832$6,162$5,554$4,315
11 years$7,533$6,736$6,015$5,363$4,776$3,603
12 years$6,834$6,046$5,338$4,704$4,139$3,029
13 years$6,244$5,464$4,769$4,153$3,609$2,560
14 years$5,738$4,966$4,285$3,687$3,164$2,174
15 years$5,300$4,537$3,869$3,288$2,786$1,854
16 years$4,918$4,163$3,508$2,944$2,462$1,585
17 years$4,580$3,834$3,192$2,645$2,183$1,359
18 years$4,281$3,542$2,914$2,384$1,941$1,168
19 years$4,013$3,283$2,667$2,154$1,730$1,006
20 years$3,773$3,051$2,448$1,951$1,545$867
21 years$3,555$2,842$2,252$1,770$1,383$749
22 years$3,358$2,653$2,075$1,610$1,240$647
23 years$3,178$2,481$1,916$1,466$1,113$560
24 years$3,013$2,324$1,772$1,337$1,000$485
25 years$2,862$2,181$1,641$1,221$900$421
26 years$2,722$2,050$1,522$1,117$811$365
27 years$2,593$1,929$1,414$1,022$731$317
28 years$2,474$1,818$1,314$936$660$275
29 years$2,363$1,715$1,223$859$596$239
30 years$2,259$1,620$1,139$788$538$208
31 years$2,163$1,531$1,062$724$486$180
32 years$2,073$1,449$991$665$440$157
33 years$1,988$1,372$925$612$398$136
34 years$1,908$1,300$864$563$361$119
35 years$1,833$1,233$808$518$327$103
36 years$1,763$1,171$756$477$296$90
37 years$1,696$1,112$708$440$268$78
38 years$1,633$1,057$663$405$243$68
39 years$1,574$1,005$621$374$220$59
40 years$1,518$956$582$345$200$52
41 years$1,464$910$546$318$181$45
42 years$1,413$867$512$293$165$39
43 years$1,365$826$480$271$149$34
44 years$1,319$787$451$250$136$30
45 years$1,275$751$423$231$123$26
46 years$1,233$716$398$213$112$22
47 years$1,193$683$373$197$102$20
48 years$1,155$652$351$182$92$17
49 years$1,119$623$330$168$84$15
50 years$1,084$595$310$156$76$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,110,000, adding $4,652 every year, while hoping to spend $54,073 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: 47/27/26 Blend
45$1,110,000$1,110,000$1,110,000$1,110,000
46$1,228,019$1,169,189$1,151,984$1,276,403
47$1,295,743$1,168,946$1,133,042$1,310,678
48$1,368,563$1,166,878$1,111,653$1,342,188
49$1,446,942$1,162,840$1,087,679$1,375,328
50$1,531,387$1,156,676$1,060,973$1,410,278
51$1,622,456$1,148,221$1,031,383$1,447,240
52$1,720,763$1,137,300$998,750$1,486,438
53$1,826,980$1,123,728$962,908$1,528,125
54$1,941,849$1,107,307$923,683$1,572,582
55$2,066,183$1,087,831$880,891$1,620,122
56$2,200,876$1,065,077$834,343$1,671,095
57$2,346,912$1,038,812$783,841$1,725,891
58$2,505,373$1,008,789$729,175$1,784,944
59$2,677,447$974,746$670,128$1,848,738
60$2,864,443$936,406$606,475$1,917,811
61$3,067,801$893,474$537,976$1,992,762
62$3,289,104$845,642$464,385$2,074,256
63$3,530,094$792,579$385,443$2,163,035
64$3,792,688$733,940$300,880$2,259,919
65$4,078,996$669,357$210,413$2,365,823
66$4,391,340$598,442$113,749$2,481,760
67$4,732,276$520,785$10,579$2,608,856
68$5,104,618$435,954$0$2,748,358
69$5,511,463$343,489$0$2,929,262
70$5,956,221$242,909$0$3,130,419
71$6,442,645$133,701$0$3,350,692
72$6,974,870$15,327$0$3,592,067
73$7,557,447$0$0$3,856,739
74$8,195,387$0$0$4,180,644
75$8,894,210$0$0$4,540,574
76$9,659,994$0$0$4,935,122
77$10,499,434$0$0$5,367,754
78$11,419,901$0$0$5,842,285
79$12,429,515$0$0$6,362,920
80$13,537,221$0$0$6,934,288
81$14,752,870$0$0$7,561,490
82$16,087,313$0$0$8,250,144
83$17,552,503$0$0$9,006,438
84$19,161,607$0$0$9,837,189
85$20,929,130$0$0$10,749,908
86$22,871,052$0$0$11,752,868
87$25,004,975$0$0$12,855,183
88$27,350,292$0$0$14,066,896
89$29,928,367$0$0$15,399,069
90$32,762,740$0$0$16,863,889
91$35,879,341$0$0$18,474,787
92$39,306,741$0$0$20,246,555
93$43,076,420$0$0$22,195,495
94$47,223,058$0$0$24,339,566
95$51,784,867$0$0$26,698,557
96$56,803,950$0$0$29,294,269
97$62,326,697$0$0$32,150,727
98$68,404,218$0$0$35,294,400
99$75,092,834$0$0$38,754,452
100$82,454,596$0$0$42,563,021