Can I retire at age 46 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$92,489$91,665$90,861$90,076$89,310$87,831
2 years$45,786$44,934$44,107$43,306$42,529$41,042
3 years$30,221$29,365$28,540$27,747$26,982$25,535
4 years$22,440$21,586$20,770$19,990$19,244$17,848
5 years$17,772$16,924$16,118$15,354$14,629$13,287
6 years$14,662$13,820$13,026$12,279$11,575$10,290
7 years$12,441$11,606$10,825$10,095$9,414$8,185
8 years$10,776$9,948$9,180$8,469$7,810$6,637
9 years$9,482$8,662$7,907$7,213$6,577$5,460
10 years$8,447$7,635$6,893$6,218$5,604$4,542
11 years$7,601$6,797$6,069$5,411$4,819$3,811
12 years$6,896$6,100$5,386$4,747$4,176$3,221
13 years$6,300$5,513$4,812$4,191$3,642$2,737
14 years$5,790$5,011$4,324$3,720$3,193$2,337
15 years$5,348$4,578$3,904$3,317$2,811$2,003
16 years$4,962$4,200$3,539$2,970$2,484$1,723
17 years$4,622$3,868$3,221$2,669$2,203$1,486
18 years$4,319$3,574$2,940$2,405$1,959$1,284
19 years$4,049$3,313$2,691$2,173$1,746$1,112
20 years$3,807$3,078$2,470$1,968$1,559$965
21 years$3,587$2,867$2,272$1,786$1,395$838
22 years$3,388$2,677$2,094$1,624$1,251$729
23 years$3,206$2,503$1,933$1,479$1,123$635
24 years$3,040$2,345$1,788$1,349$1,009$554
25 years$2,888$2,201$1,656$1,232$908$483
26 years$2,747$2,069$1,536$1,127$818$422
27 years$2,617$1,947$1,426$1,031$737$368
28 years$2,496$1,834$1,326$945$665$322
29 years$2,384$1,731$1,234$866$601$281
30 years$2,280$1,634$1,149$795$543$246
31 years$2,182$1,545$1,071$730$491$215
32 years$2,091$1,462$1,000$671$444$189
33 years$2,006$1,384$933$617$402$165
34 years$1,925$1,312$872$568$364$145
35 years$1,850$1,245$815$523$330$127
36 years$1,779$1,181$763$481$299$111
37 years$1,712$1,122$714$444$271$97
38 years$1,648$1,066$669$409$245$85
39 years$1,588$1,014$626$377$222$75
40 years$1,531$965$587$348$202$65
41 years$1,477$918$551$321$183$57
42 years$1,426$874$516$296$166$50
43 years$1,377$833$485$273$151$44
44 years$1,331$794$455$252$137$39
45 years$1,286$757$427$233$124$34
46 years$1,244$723$401$215$113$30
47 years$1,204$689$377$199$102$26
48 years$1,166$658$354$184$93$23
49 years$1,129$629$333$170$84$20
50 years$1,094$600$313$157$77$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,120,000, adding $4,625 every year, while hoping to spend $26,172 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: 53/42/5 Blend
45$1,120,000$1,120,000$1,120,000$1,120,000
46$1,239,011$1,179,651$1,162,291$1,303,084
47$1,337,543$1,209,607$1,173,381$1,376,893
48$1,445,248$1,240,154$1,183,965$1,453,872
49$1,563,035$1,271,292$1,193,999$1,536,973
50$1,691,902$1,303,023$1,203,436$1,626,778
51$1,832,952$1,335,347$1,212,226$1,723,928
52$1,987,395$1,368,261$1,220,318$1,829,128
53$2,156,567$1,401,764$1,227,656$1,943,152
54$2,341,938$1,435,851$1,234,184$2,066,857
55$2,545,127$1,470,519$1,239,841$2,201,181
56$2,767,917$1,505,762$1,244,563$2,347,161
57$3,012,273$1,541,572$1,248,283$2,505,937
58$3,280,356$1,577,941$1,250,932$2,678,765
59$3,574,550$1,614,857$1,252,436$2,867,029
60$3,897,479$1,652,311$1,252,718$3,072,251
61$4,252,034$1,690,286$1,251,696$3,296,111
62$4,641,400$1,728,768$1,249,286$3,540,457
63$5,069,084$1,767,739$1,245,398$3,807,326
64$5,538,951$1,807,179$1,239,940$4,098,961
65$6,055,259$1,847,065$1,232,812$4,417,834
66$6,622,697$1,887,373$1,223,913$4,766,668
67$7,246,432$1,928,074$1,213,134$5,148,462
68$7,932,157$1,969,139$1,200,363$5,566,524
69$8,686,144$2,010,534$1,185,482$6,024,494
70$9,515,302$2,052,221$1,168,367$6,526,387
71$10,427,244$2,094,161$1,148,889$7,076,624
72$11,430,357$2,136,310$1,126,911$7,680,078
73$12,533,884$2,178,619$1,102,293$8,342,117
74$13,748,005$2,221,037$1,074,885$9,068,659
75$15,083,941$2,263,507$1,044,533$9,866,223
76$16,554,051$2,305,967$1,011,073$10,741,993
77$18,171,957$2,348,351$974,336$11,703,887
78$19,952,665$2,390,589$934,144$12,760,629
79$21,912,710$2,432,602$890,312$13,921,833
80$24,070,314$2,474,306$842,645$15,198,095
81$26,445,553$2,515,614$790,940$16,601,091
82$29,060,547$2,556,428$734,985$18,143,687
83$31,939,675$2,596,644$674,558$19,840,064
84$35,109,794$2,636,152$609,428$21,705,849
85$38,600,501$2,674,832$539,353$23,758,263
86$42,444,411$2,712,557$464,080$26,016,286
87$46,677,459$2,749,190$383,345$28,500,832
88$51,339,245$2,784,586$296,872$31,234,952
89$56,473,405$2,818,587$204,374$34,244,049
90$62,128,022$2,851,028$105,550$37,556,117
91$68,356,081$2,881,730$87$41,202,008
92$75,215,969$2,910,502$0$45,215,723
93$82,772,024$2,937,143$0$49,640,733
94$91,095,144$2,961,436$0$54,512,727
95$100,263,453$2,983,151$0$59,877,230
96$110,363,043$3,002,043$0$65,784,415
97$121,488,782$3,017,852$0$72,289,578
98$133,745,210$3,030,299$0$79,453,654
99$147,247,529$3,039,090$0$87,343,796
100$162,122,683$3,043,912$0$96,034,011