Can I retire at age 46 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$99,095$98,212$97,351$96,510$95,690$94,888
2 years$49,057$48,143$47,258$46,399$45,567$44,758
3 years$32,380$31,462$30,579$29,728$28,909$28,120
4 years$24,043$23,128$22,254$21,418$20,618$19,854
5 years$19,042$18,133$17,270$16,451$15,674$14,936
6 years$15,709$14,807$13,956$13,156$12,402$11,693
7 years$13,329$12,435$11,598$10,816$10,086$9,405
8 years$11,546$10,659$9,836$9,073$8,367$7,715
9 years$10,159$9,280$8,472$7,729$7,047$6,422
10 years$9,050$8,180$7,386$6,662$6,004$5,407
11 years$8,143$7,282$6,502$5,798$5,164$4,594
12 years$7,388$6,536$5,771$5,086$4,475$3,932
13 years$6,750$5,907$5,156$4,490$3,902$3,385
14 years$6,204$5,369$4,632$3,986$3,421$2,929
15 years$5,730$4,905$4,182$3,554$3,012$2,545
16 years$5,316$4,500$3,792$3,183$2,662$2,219
17 years$4,952$4,144$3,451$2,860$2,360$1,941
18 years$4,628$3,830$3,150$2,577$2,098$1,702
19 years$4,339$3,549$2,884$2,329$1,870$1,496
20 years$4,078$3,298$2,646$2,109$1,671$1,317
21 years$3,843$3,072$2,434$1,914$1,495$1,161
22 years$3,630$2,868$2,244$1,740$1,340$1,026
23 years$3,435$2,682$2,071$1,585$1,203$907
24 years$3,257$2,513$1,916$1,446$1,081$803
25 years$3,094$2,358$1,774$1,320$973$712
26 years$2,943$2,216$1,646$1,207$876$631
27 years$2,804$2,086$1,528$1,105$790$560
28 years$2,675$1,966$1,421$1,012$713$498
29 years$2,555$1,854$1,322$928$644$442
30 years$2,443$1,751$1,231$852$582$393
31 years$2,338$1,655$1,148$782$526$350
32 years$2,241$1,566$1,071$719$476$311
33 years$2,149$1,483$1,000$661$431$277
34 years$2,063$1,406$934$608$390$247
35 years$1,982$1,333$874$560$353$220
36 years$1,906$1,266$817$516$320$196
37 years$1,834$1,202$765$475$290$175
38 years$1,766$1,142$716$438$263$156
39 years$1,702$1,086$671$404$238$139
40 years$1,641$1,034$629$373$216$124
41 years$1,583$984$590$344$196$110
42 years$1,528$937$553$317$178$98
43 years$1,476$893$519$293$162$88
44 years$1,426$851$487$270$147$78
45 years$1,378$811$458$250$133$70
46 years$1,333$774$430$231$121$62
47 years$1,290$739$404$213$110$56
48 years$1,249$705$379$197$100$50
49 years$1,209$673$357$182$91$44
50 years$1,172$643$335$168$82$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,200,000, adding $3,553 every year, while hoping to spend $29,387 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: 65/8/27 Blend
45$1,200,000$1,200,000$1,200,000$1,200,000
46$1,326,065$1,262,465$1,243,865$1,402,610
47$1,430,056$1,293,058$1,254,267$1,485,338
48$1,543,669$1,324,166$1,264,032$1,572,133
49$1,667,855$1,355,781$1,273,109$1,666,353
50$1,803,660$1,387,898$1,281,442$1,768,734
51$1,952,236$1,420,508$1,288,973$1,880,083
52$2,114,852$1,453,600$1,295,641$2,001,291
53$2,292,904$1,487,164$1,301,382$2,133,340
54$2,487,931$1,521,186$1,306,130$2,277,312
55$2,701,628$1,555,652$1,309,813$2,434,399
56$2,935,859$1,590,544$1,312,356$2,605,917
57$3,192,679$1,625,844$1,313,683$2,793,314
58$3,474,353$1,661,530$1,313,712$2,998,185
59$3,783,371$1,697,580$1,312,356$3,222,292
60$4,122,481$1,733,967$1,309,525$3,467,573
61$4,494,706$1,770,663$1,305,126$3,736,166
62$4,903,377$1,807,636$1,299,059$4,030,428
63$5,352,164$1,844,853$1,291,220$4,352,954
64$5,845,110$1,882,276$1,281,501$4,706,608
65$6,386,667$1,919,864$1,269,788$5,094,544
66$6,981,742$1,957,572$1,255,961$5,520,239
67$7,635,739$1,995,353$1,239,895$5,987,525
68$8,354,613$2,033,153$1,221,459$6,500,627
69$9,144,923$2,070,917$1,200,517$7,064,201
70$10,013,895$2,108,582$1,176,925$7,683,378
71$10,969,493$2,146,083$1,150,532$8,363,814
72$12,020,488$2,183,348$1,121,182$9,111,744
73$13,176,546$2,220,301$1,088,710$9,934,038
74$14,448,317$2,256,858$1,052,945$10,838,269
75$15,847,532$2,292,931$1,013,705$11,832,785
76$17,387,120$2,328,424$970,804$12,926,786
77$19,081,325$2,363,236$924,045$14,130,410
78$20,945,841$2,397,256$873,222$15,454,834
79$22,997,962$2,430,367$818,120$16,912,375
80$25,256,743$2,462,443$758,515$18,516,610
81$27,743,178$2,493,350$694,173$20,282,500
82$30,480,402$2,522,944$624,848$22,226,536
83$33,493,907$2,551,072$550,284$24,366,895
84$36,811,781$2,577,570$470,214$26,723,607
85$40,464,975$2,602,264$384,359$29,318,751
86$44,487,595$2,624,967$292,427$32,176,659
87$48,917,220$2,645,481$194,114$35,324,150
88$53,795,262$2,663,595$89,102$38,790,778
89$59,167,351$2,679,084$0$42,609,119
90$65,083,770$2,691,708$0$46,821,689
91$71,599,927$2,701,213$0$51,489,263
92$78,776,876$2,707,329$0$56,629,854
93$86,681,897$2,709,768$0$62,291,631
94$95,389,128$2,708,225$0$68,527,672
95$104,980,266$2,702,374$0$75,396,467
96$115,545,335$2,691,873$0$82,962,473
97$127,183,540$2,676,355$0$91,296,718
98$140,004,197$2,655,433$0$100,477,471
99$154,127,772$2,628,696$0$110,590,987
100$169,687,011$2,595,708$0$121,732,314