Can I retire at age 46 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$94,140$93,302$92,483$91,685$90,905$89,143
2 years$46,604$45,736$44,895$44,079$43,288$41,520
3 years$30,761$29,889$29,050$28,242$27,464$25,744
4 years$22,841$21,972$21,141$20,347$19,587$17,930
5 years$18,090$17,226$16,406$15,628$14,890$13,300
6 years$14,924$14,066$13,259$12,498$11,782$10,261
7 years$12,663$11,813$11,018$10,275$9,582$8,130
8 years$10,968$10,126$9,344$8,620$7,949$6,566
9 years$9,651$8,816$8,048$7,342$6,694$5,379
10 years$8,597$7,771$7,017$6,329$5,704$4,455
11 years$7,736$6,918$6,177$5,508$4,906$3,722
12 years$7,019$6,209$5,482$4,831$4,251$3,131
13 years$6,413$5,612$4,898$4,265$3,707$2,649
14 years$5,893$5,101$4,401$3,786$3,250$2,251
15 years$5,444$4,660$3,973$3,377$2,861$1,920
16 years$5,051$4,275$3,602$3,023$2,529$1,643
17 years$4,704$3,937$3,278$2,717$2,242$1,410
18 years$4,397$3,638$2,992$2,448$1,994$1,213
19 years$4,122$3,372$2,739$2,212$1,777$1,045
20 years$3,874$3,133$2,514$2,004$1,587$902
21 years$3,651$2,918$2,313$1,818$1,420$779
22 years$3,448$2,724$2,131$1,653$1,273$674
23 years$3,264$2,548$1,968$1,506$1,143$584
24 years$3,094$2,387$1,820$1,373$1,027$506
25 years$2,939$2,240$1,686$1,254$924$439
26 years$2,796$2,106$1,563$1,147$833$381
27 years$2,664$1,982$1,452$1,050$751$331
28 years$2,541$1,867$1,350$962$677$288
29 years$2,427$1,762$1,256$882$612$250
30 years$2,321$1,664$1,170$809$553$218
31 years$2,221$1,573$1,091$743$500$189
32 years$2,129$1,488$1,018$683$452$165
33 years$2,042$1,409$950$628$409$143
34 years$1,960$1,336$888$578$370$125
35 years$1,883$1,267$830$532$335$109
36 years$1,811$1,202$776$490$304$95
37 years$1,742$1,142$727$451$275$82
38 years$1,678$1,085$681$416$250$72
39 years$1,616$1,032$638$384$226$63
40 years$1,559$982$598$354$205$55
41 years$1,504$935$560$327$186$48
42 years$1,451$890$526$301$169$41
43 years$1,402$848$493$278$153$36
44 years$1,354$808$463$257$139$31
45 years$1,309$771$435$237$126$27
46 years$1,267$735$408$219$115$24
47 years$1,226$702$384$202$104$21
48 years$1,186$670$360$187$95$18
49 years$1,149$640$339$173$86$16
50 years$1,113$611$319$160$78$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,140,000, adding $6,470 every year, while hoping to spend $34,902 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: 45/30/25 Blend
45$1,140,000$1,140,000$1,140,000$1,140,000
46$1,262,954$1,202,534$1,184,864$1,310,415
47$1,354,640$1,224,323$1,187,421$1,366,421
48$1,454,508$1,246,009$1,188,895$1,423,232
49$1,563,356$1,267,552$1,189,211$1,484,154
50$1,682,061$1,288,905$1,188,293$1,549,589
51$1,811,591$1,310,021$1,186,060$1,619,980
52$1,953,009$1,330,848$1,182,429$1,695,816
53$2,107,486$1,351,329$1,177,310$1,777,638
54$2,276,309$1,371,404$1,170,610$1,866,042
55$2,460,900$1,391,010$1,162,233$1,961,686
56$2,662,820$1,410,078$1,152,075$2,065,297
57$2,883,789$1,428,533$1,140,031$2,177,679
58$3,125,702$1,446,297$1,125,989$2,299,715
59$3,390,644$1,463,287$1,109,830$2,432,386
60$3,680,914$1,479,412$1,091,433$2,576,768
61$3,999,040$1,494,576$1,070,669$2,734,055
62$4,347,810$1,508,678$1,047,404$2,905,561
63$4,730,291$1,521,608$1,021,497$3,092,738
64$5,149,864$1,533,250$992,800$3,297,186
65$5,610,251$1,543,480$961,161$3,520,673
66$6,115,554$1,552,168$926,417$3,765,151
67$6,670,289$1,559,173$888,400$4,032,771
68$7,279,432$1,564,346$846,935$4,325,910
69$7,948,464$1,567,528$801,837$4,647,187
70$8,683,422$1,568,552$752,914$4,999,494
71$9,490,960$1,567,240$699,965$5,386,023
72$10,378,403$1,563,400$642,779$5,810,292
73$11,353,826$1,556,832$581,138$6,276,186
74$12,426,122$1,547,323$514,812$6,787,989
75$13,605,090$1,534,645$443,561$7,350,426
76$14,901,525$1,518,558$367,136$7,968,712
77$16,327,321$1,498,808$285,276$8,648,596
78$17,895,581$1,475,124$197,706$9,396,422
79$19,620,745$1,447,219$104,144$10,219,186
80$21,518,720$1,414,792$4,292$11,124,605
81$23,607,033$1,377,520$0$12,121,190
82$25,904,996$1,335,064$0$13,245,607
83$28,433,888$1,287,065$0$14,483,923
84$31,217,154$1,233,141$0$15,846,498
85$34,280,629$1,172,889$0$17,346,016
86$37,652,776$1,105,883$0$18,996,457
87$41,364,961$1,031,674$0$20,813,233
88$45,451,744$949,783$0$22,813,332
89$49,951,208$859,708$0$25,015,479
90$54,905,313$760,916$0$27,440,315
91$60,360,299$652,844$0$30,110,592
92$66,367,114$534,898$0$33,051,386
93$72,981,901$406,450$0$36,290,342
94$80,266,525$266,836$0$39,857,928
95$88,289,155$115,356$0$43,787,728
96$97,124,910$0$0$48,116,759
97$106,856,565$0$0$52,901,910
98$117,575,334$0$0$58,214,567
99$129,381,728$0$0$64,066,490
100$142,386,507$0$0$70,512,602