Can I retire at age 46 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$96,618$95,757$94,917$94,098$93,297$89,702
2 years$47,830$46,940$46,076$45,239$44,427$40,848
3 years$31,570$30,676$29,814$28,985$28,187$24,736
4 years$23,442$22,550$21,697$20,882$20,103$16,807
5 years$18,566$17,679$16,838$16,040$15,282$12,149
6 years$15,316$14,436$13,608$12,827$12,092$9,125
7 years$12,996$12,124$11,308$10,546$9,834$7,032
8 years$11,257$10,392$9,590$8,847$8,158$5,518
9 years$9,905$9,048$8,260$7,535$6,870$4,388
10 years$8,824$7,976$7,201$6,496$5,854$3,524
11 years$7,940$7,100$6,340$5,653$5,035$2,853
12 years$7,204$6,373$5,626$4,958$4,363$2,324
13 years$6,581$5,759$5,027$4,378$3,805$1,902
14 years$6,048$5,235$4,517$3,886$3,335$1,562
15 years$5,587$4,782$4,078$3,466$2,936$1,288
16 years$5,184$4,388$3,697$3,103$2,595$1,064
17 years$4,828$4,041$3,364$2,788$2,301$881
18 years$4,512$3,734$3,071$2,513$2,046$730
19 years$4,230$3,461$2,812$2,270$1,824$607
20 years$3,976$3,216$2,580$2,056$1,629$504
21 years$3,747$2,995$2,373$1,866$1,458$420
22 years$3,539$2,796$2,187$1,697$1,307$350
23 years$3,350$2,615$2,020$1,545$1,173$291
24 years$3,176$2,450$1,868$1,409$1,054$243
25 years$3,016$2,299$1,730$1,287$949$203
26 years$2,869$2,161$1,605$1,177$855$169
27 years$2,734$2,034$1,490$1,077$770$141
28 years$2,608$1,916$1,385$987$695$118
29 years$2,491$1,808$1,289$905$628$98
30 years$2,382$1,707$1,201$831$567$82
31 years$2,280$1,614$1,119$763$513$69
32 years$2,185$1,527$1,044$701$464$57
33 years$2,095$1,446$975$645$420$48
34 years$2,011$1,371$911$593$380$40
35 years$1,933$1,300$852$546$344$34
36 years$1,858$1,234$797$503$312$28
37 years$1,788$1,172$746$463$283$23
38 years$1,722$1,114$698$427$256$20
39 years$1,659$1,059$654$394$232$16
40 years$1,600$1,008$613$363$211$14
41 years$1,543$959$575$335$191$11
42 years$1,490$914$539$309$174$10
43 years$1,439$870$506$286$157$8
44 years$1,390$830$475$264$143$7
45 years$1,344$791$446$243$130$6
46 years$1,300$755$419$225$118$5
47 years$1,258$720$394$208$107$4
48 years$1,218$688$370$192$97$3
49 years$1,179$657$348$177$88$3
50 years$1,142$627$327$164$80$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,170,000, adding $2,169 every year, while hoping to spend $23,604 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: 25/46/29 Blend
45$1,170,000$1,170,000$1,170,000$1,170,000
46$1,291,577$1,229,567$1,211,432$1,312,100
47$1,398,204$1,264,702$1,226,901$1,364,645
48$1,514,915$1,300,766$1,242,096$1,418,802
49$1,642,715$1,337,782$1,256,985$1,476,382
50$1,782,708$1,375,770$1,271,531$1,537,689
51$1,936,113$1,414,752$1,285,695$1,603,058
52$2,104,269$1,454,747$1,299,439$1,672,855
53$2,288,654$1,495,779$1,312,719$1,747,486
54$2,490,892$1,537,868$1,325,491$1,827,396
55$2,712,777$1,581,037$1,337,709$1,913,074
56$2,956,279$1,625,307$1,349,321$2,005,060
57$3,223,573$1,670,701$1,360,277$2,103,948
58$3,517,052$1,717,240$1,370,521$2,210,391
59$3,839,354$1,764,946$1,379,995$2,325,109
60$4,193,382$1,813,843$1,388,639$2,448,895
61$4,582,337$1,863,951$1,396,389$2,582,623
62$5,009,745$1,915,294$1,403,177$2,727,253
63$5,479,488$1,967,893$1,408,933$2,883,846
64$5,995,845$2,021,769$1,413,582$3,053,569
65$6,563,531$2,076,945$1,417,046$3,237,707
66$7,187,738$2,133,443$1,419,244$3,437,677
67$7,874,188$2,191,282$1,420,090$3,655,040
68$8,629,185$2,250,485$1,419,493$3,891,515
69$9,459,675$2,311,071$1,417,358$4,148,998
70$10,373,309$2,373,061$1,413,587$4,429,577
71$11,378,519$2,436,474$1,408,075$4,735,553
72$12,484,596$2,501,329$1,400,713$5,069,462
73$13,701,775$2,567,644$1,391,387$5,434,098
74$15,041,333$2,635,436$1,379,976$5,832,541
75$16,515,700$2,704,723$1,366,356$6,268,186
76$18,138,566$2,775,519$1,350,394$6,744,773
77$19,925,020$2,847,840$1,331,952$7,266,423
78$21,891,686$2,921,698$1,310,887$7,837,682
79$24,056,884$2,997,107$1,287,047$8,463,556
80$26,440,797$3,074,076$1,260,274$9,149,564
81$29,065,668$3,152,615$1,230,403$9,901,788
82$31,956,005$3,232,732$1,197,260$10,726,933
83$35,138,813$3,314,432$1,160,664$11,632,388
84$38,643,852$3,397,719$1,120,427$12,626,295
85$42,503,913$3,482,596$1,076,349$13,717,631
86$46,755,129$3,569,060$1,028,223$14,916,288
87$51,437,318$3,657,109$975,834$16,233,170
88$56,594,354$3,746,737$918,955$17,680,293
89$62,274,587$3,837,936$857,348$19,270,902
90$68,531,293$3,930,693$790,768$21,019,597
91$75,423,181$4,024,993$718,955$22,942,466
92$83,014,945$4,120,818$641,639$25,057,242
93$91,377,875$4,218,143$558,540$27,383,471
94$100,590,529$4,316,943$469,361$29,942,694
95$110,739,475$4,417,185$373,797$32,758,654
96$121,920,108$4,518,834$271,526$35,857,519
97$134,237,550$4,621,848$162,213$39,268,128
98$147,807,641$4,726,179$45,508$43,022,269
99$162,758,034$4,831,775$0$47,154,976
100$179,229,398$4,938,577$0$51,729,316