Can I retire at age 46 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$94,966$94,120$93,295$92,489$91,703$88,308
2 years$47,013$46,137$45,289$44,466$43,668$40,287
3 years$31,031$30,151$29,305$28,490$27,705$24,443
4 years$23,041$22,164$21,326$20,525$19,759$16,641
5 years$18,248$17,377$16,550$15,765$15,021$12,055
6 years$15,055$14,190$13,375$12,608$11,885$9,074
7 years$12,774$11,916$11,115$10,365$9,666$7,008
8 years$11,064$10,215$9,426$8,695$8,019$5,513
9 years$9,735$8,894$8,119$7,407$6,753$4,394
10 years$8,673$7,839$7,078$6,384$5,754$3,539
11 years$7,804$6,979$6,231$5,556$4,949$2,872
12 years$7,081$6,264$5,530$4,874$4,288$2,346
13 years$6,469$5,661$4,941$4,303$3,739$1,925
14 years$5,945$5,145$4,439$3,820$3,278$1,586
15 years$5,491$4,700$4,008$3,406$2,886$1,311
16 years$5,095$4,313$3,634$3,050$2,551$1,086
17 years$4,745$3,972$3,307$2,740$2,262$902
18 years$4,435$3,670$3,019$2,470$2,011$750
19 years$4,158$3,401$2,763$2,232$1,792$625
20 years$3,908$3,161$2,536$2,021$1,601$521
21 years$3,683$2,944$2,333$1,834$1,433$435
22 years$3,479$2,748$2,150$1,668$1,284$363
23 years$3,292$2,570$1,985$1,519$1,153$304
24 years$3,122$2,408$1,836$1,385$1,036$254
25 years$2,965$2,260$1,700$1,265$932$213
26 years$2,820$2,124$1,577$1,157$840$178
27 years$2,687$1,999$1,464$1,059$757$149
28 years$2,563$1,884$1,361$970$683$125
29 years$2,448$1,777$1,267$890$617$105
30 years$2,341$1,678$1,180$816$557$88
31 years$2,241$1,586$1,100$750$504$74
32 years$2,147$1,501$1,026$689$456$62
33 years$2,059$1,422$958$634$413$52
34 years$1,977$1,347$895$583$374$43
35 years$1,900$1,278$837$537$338$36
36 years$1,826$1,213$783$494$307$30
37 years$1,758$1,152$733$455$278$26
38 years$1,692$1,095$686$420$252$21
39 years$1,631$1,041$643$387$228$18
40 years$1,572$990$603$357$207$15
41 years$1,517$943$565$329$188$13
42 years$1,464$898$530$304$171$11
43 years$1,414$856$498$281$155$9
44 years$1,366$816$467$259$141$7
45 years$1,321$778$439$239$128$6
46 years$1,278$742$412$221$116$5
47 years$1,236$708$387$204$105$4
48 years$1,197$676$364$189$96$4
49 years$1,159$645$342$174$87$3
50 years$1,123$617$321$161$79$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,150,000, adding $2,261 every year, while hoping to spend $45,528 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: 72/5/23 Blend
45$1,150,000$1,150,000$1,150,000$1,150,000
46$1,269,632$1,208,682$1,190,857$1,353,650
47$1,350,693$1,219,466$1,182,309$1,420,745
48$1,438,497$1,229,253$1,171,950$1,488,590
49$1,533,682$1,237,945$1,159,669$1,561,782
50$1,636,953$1,245,439$1,145,353$1,640,847
51$1,749,082$1,251,626$1,128,882$1,726,365
52$1,870,922$1,256,389$1,110,133$1,818,975
53$2,003,407$1,259,603$1,088,973$1,919,381
54$2,147,567$1,261,137$1,065,267$2,028,363
55$2,304,537$1,260,850$1,038,871$2,146,778
56$2,475,561$1,258,593$1,009,635$2,275,571
57$2,662,013$1,254,208$977,402$2,415,786
58$2,865,402$1,247,528$942,009$2,568,573
59$3,087,390$1,238,375$903,283$2,735,202
60$3,329,807$1,226,559$861,047$2,917,071
61$3,594,667$1,211,880$815,112$3,115,723
62$3,884,188$1,194,126$765,282$3,332,861
63$4,200,809$1,173,073$711,354$3,570,362
64$4,547,220$1,148,482$653,112$3,830,293
65$4,926,380$1,120,100$590,334$4,114,938
66$5,341,547$1,087,661$522,787$4,426,813
67$5,796,310$1,050,882$450,226$4,768,694
68$6,294,622$1,009,464$372,396$5,143,638
69$6,840,835$963,089$289,033$5,555,022
70$7,439,742$911,423$199,858$6,006,565
71$8,096,625$854,111$104,582$6,502,368
72$8,817,297$790,779$2,902$7,046,955
73$9,608,164$721,030$0$7,645,312
74$10,476,282$644,446$0$8,328,856
75$11,429,423$560,584$0$9,080,174
76$12,476,148$468,977$0$9,905,322
77$13,625,888$369,130$0$10,811,757
78$14,889,033$260,521$0$11,807,694
79$16,277,027$142,599$0$12,902,184
80$17,802,480$14,783$0$14,105,201
81$19,479,283$0$0$15,427,734
82$21,322,740$0$0$16,888,688
83$23,349,712$0$0$18,496,035
84$25,578,774$0$0$20,263,700
85$28,030,393$0$0$22,207,919
86$30,727,119$0$0$24,346,585
87$33,693,796$0$0$26,699,409
88$36,957,798$0$0$29,288,109
89$40,549,287$0$0$32,136,616
90$44,501,494$0$0$35,271,295
91$48,851,035$0$0$38,721,199
92$53,638,257$0$0$42,518,339
93$58,907,615$0$0$46,697,985
94$64,708,092$0$0$51,299,003
95$71,093,663$0$0$56,364,217
96$78,123,800$0$0$61,940,812
97$85,864,037$0$0$68,080,785
98$94,386,584$0$0$74,841,428
99$103,771,009$0$0$82,285,874
100$114,104,991$0$0$90,483,688