Can I retire at age 46 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$99,921$99,031$98,162$97,315$96,487$95,799
2 years$49,466$48,544$47,652$46,786$45,946$45,252
3 years$32,650$31,724$30,834$29,976$29,150$28,472
4 years$24,243$23,321$22,439$21,596$20,790$20,133
5 years$19,201$18,284$17,414$16,588$15,804$15,170
6 years$15,840$14,930$14,073$13,265$12,505$11,895
7 years$13,441$12,538$11,695$10,906$10,170$9,583
8 years$11,642$10,748$9,918$9,149$8,437$7,874
9 years$10,243$9,358$8,542$7,793$7,105$6,566
10 years$9,125$8,248$7,447$6,718$6,054$5,539
11 years$8,211$7,343$6,557$5,846$5,207$4,715
12 years$7,450$6,591$5,819$5,128$4,512$4,043
13 years$6,806$5,956$5,199$4,527$3,935$3,487
14 years$6,255$5,414$4,671$4,019$3,449$3,024
15 years$5,778$4,946$4,217$3,584$3,037$2,632
16 years$5,361$4,538$3,824$3,209$2,684$2,300
17 years$4,993$4,179$3,479$2,883$2,380$2,016
18 years$4,667$3,862$3,176$2,599$2,116$1,771
19 years$4,375$3,579$2,908$2,348$1,886$1,560
20 years$4,112$3,326$2,668$2,127$1,685$1,377
21 years$3,875$3,098$2,455$1,930$1,508$1,217
22 years$3,660$2,892$2,262$1,755$1,351$1,077
23 years$3,464$2,704$2,089$1,598$1,213$955
24 years$3,285$2,534$1,932$1,458$1,090$847
25 years$3,120$2,378$1,789$1,331$981$752
26 years$2,968$2,235$1,659$1,217$884$669
27 years$2,827$2,103$1,541$1,114$797$595
28 years$2,697$1,982$1,432$1,021$719$530
29 years$2,576$1,870$1,333$936$649$472
30 years$2,463$1,766$1,242$859$587$421
31 years$2,358$1,669$1,158$789$530$375
32 years$2,259$1,579$1,080$725$480$335
33 years$2,167$1,496$1,008$667$434$299
34 years$2,080$1,418$942$613$393$267
35 years$1,999$1,345$881$565$356$238
36 years$1,922$1,276$824$520$323$213
37 years$1,849$1,212$771$479$292$190
38 years$1,781$1,152$722$442$265$170
39 years$1,716$1,095$677$407$240$152
40 years$1,654$1,042$634$376$218$136
41 years$1,596$992$595$347$198$121
42 years$1,541$945$558$320$179$109
43 years$1,488$900$524$295$163$97
44 years$1,438$858$491$273$148$87
45 years$1,390$818$461$252$134$78
46 years$1,344$781$433$233$122$69
47 years$1,301$745$407$215$111$62
48 years$1,259$711$383$199$100$56
49 years$1,219$679$360$183$91$50
50 years$1,181$649$338$170$83$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,210,000, adding $4,970 every year, while hoping to spend $56,337 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: 77/7/16 Blend
45$1,210,000$1,210,000$1,210,000$1,210,000
46$1,338,547$1,274,417$1,255,662$1,436,579
47$1,415,136$1,276,921$1,237,784$1,504,479
48$1,497,650$1,277,660$1,217,420$1,571,346
49$1,586,632$1,276,487$1,194,425$1,643,133
50$1,682,682$1,273,248$1,168,651$1,720,311
51$1,786,456$1,267,778$1,139,942$1,803,399
52$1,898,677$1,259,902$1,108,133$1,892,972
53$2,020,141$1,249,436$1,073,054$1,989,662
54$2,151,719$1,236,182$1,034,525$2,094,166
55$2,294,372$1,219,933$992,360$2,207,252
56$2,449,156$1,200,467$946,362$2,329,768
57$2,617,232$1,177,552$896,327$2,462,649
58$2,799,877$1,150,939$842,041$2,606,924
59$2,998,496$1,120,367$783,281$2,763,731
60$3,214,634$1,085,556$719,812$2,934,321
61$3,449,993$1,046,215$651,392$3,120,076
62$3,706,443$1,002,030$577,765$3,322,519
63$3,986,045$952,674$498,664$3,543,331
64$4,291,065$897,799$413,813$3,784,363
65$4,623,998$837,035$322,920$4,047,657
66$4,987,590$769,994$225,682$4,335,465
67$5,384,865$696,264$121,783$4,650,271
68$5,819,150$615,411$10,892$4,994,813
69$6,294,112$526,974$0$5,372,109
70$6,813,783$430,468$0$5,803,832
71$7,382,608$325,380$0$6,278,485
72$8,005,479$211,168$0$6,798,319
73$8,687,782$87,260$0$7,367,862
74$9,435,451$0$0$7,992,105
75$10,255,021$0$0$8,680,160
76$11,153,686$0$0$9,442,032
77$12,139,374$0$0$10,277,724
78$13,220,815$0$0$11,194,645
79$14,407,624$0$0$12,200,952
80$15,710,394$0$0$13,305,633
81$17,140,791$0$0$14,518,586
82$18,711,670$0$0$15,850,719
83$20,437,187$0$0$17,314,042
84$22,332,940$0$0$18,921,791
85$24,416,111$0$0$20,688,545
86$26,705,631$0$0$22,630,364
87$29,222,352$0$0$24,764,944
88$31,989,250$0$0$27,111,779
89$35,031,637$0$0$29,692,346
90$38,377,402$0$0$32,530,309
91$42,057,270$0$0$35,651,739
92$46,105,093$0$0$39,085,360
93$50,558,171$0$0$42,862,820
94$55,457,600$0$0$47,018,990
95$60,848,658$0$0$51,592,290
96$66,781,238$0$0$56,625,054
97$73,310,310$0$0$62,163,925
98$80,496,445$0$0$68,260,300
99$88,406,383$0$0$74,970,808
100$97,113,663$0$0$82,357,849