Can I retire at age 46 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$100,746$99,849$98,974$98,119$97,285$96,309
2 years$49,874$48,946$48,045$47,173$46,326$45,343
3 years$32,919$31,987$31,089$30,224$29,391$28,432
4 years$24,443$23,513$22,625$21,775$20,962$20,033
5 years$19,359$18,435$17,558$16,725$15,935$15,040
6 years$15,971$15,053$14,189$13,375$12,609$11,748
7 years$13,552$12,642$11,791$10,996$10,254$9,429
8 years$11,738$10,836$10,000$9,225$8,507$7,717
9 years$10,328$9,435$8,613$7,857$7,164$6,409
10 years$9,201$8,317$7,509$6,773$6,104$5,383
11 years$8,279$7,404$6,611$5,895$5,250$4,562
12 years$7,512$6,645$5,867$5,170$4,549$3,895
13 years$6,863$6,005$5,242$4,565$3,967$3,345
14 years$6,307$5,459$4,710$4,052$3,478$2,887
15 years$5,826$4,987$4,252$3,614$3,062$2,501
16 years$5,405$4,575$3,855$3,236$2,706$2,175
17 years$5,034$4,213$3,508$2,907$2,399$1,897
18 years$4,705$3,893$3,202$2,620$2,133$1,659
19 years$4,411$3,608$2,932$2,367$1,902$1,453
20 years$4,146$3,353$2,691$2,144$1,699$1,276
21 years$3,907$3,123$2,475$1,946$1,520$1,122
22 years$3,690$2,915$2,281$1,769$1,362$988
23 years$3,493$2,727$2,106$1,611$1,223$871
24 years$3,312$2,555$1,948$1,470$1,099$769
25 years$3,145$2,398$1,804$1,342$989$679
26 years$2,992$2,253$1,673$1,227$891$600
27 years$2,850$2,121$1,554$1,123$803$531
28 years$2,719$1,998$1,444$1,029$725$470
29 years$2,597$1,885$1,344$944$655$417
30 years$2,483$1,780$1,252$866$591$369
31 years$2,377$1,683$1,167$795$535$327
32 years$2,278$1,592$1,089$731$484$290
33 years$2,185$1,508$1,017$672$438$258
34 years$2,097$1,429$950$619$396$229
35 years$2,015$1,356$888$569$359$203
36 years$1,938$1,287$831$524$325$180
37 years$1,864$1,222$778$483$295$160
38 years$1,795$1,161$728$445$267$142
39 years$1,730$1,104$682$411$242$126
40 years$1,668$1,051$640$379$220$112
41 years$1,609$1,000$600$349$199$100
42 years$1,553$953$563$323$181$89
43 years$1,500$908$528$298$164$79
44 years$1,450$865$495$275$149$70
45 years$1,401$825$465$254$135$62
46 years$1,355$787$437$234$123$55
47 years$1,312$751$411$217$112$49
48 years$1,270$717$386$200$101$44
49 years$1,230$685$363$185$92$39
50 years$1,191$654$341$171$84$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,220,000, adding $6,649 every year, while hoping to spend $50,584 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: 37/37/26 Blend
45$1,220,000$1,220,000$1,220,000$1,220,000
46$1,351,298$1,286,638$1,267,728$1,390,570
47$1,435,310$1,295,863$1,256,376$1,429,273
48$1,526,195$1,303,844$1,242,949$1,465,930
49$1,624,602$1,310,467$1,227,322$1,504,539
50$1,731,242$1,315,611$1,209,369$1,545,309
51$1,846,899$1,319,146$1,188,953$1,588,473
52$1,972,434$1,320,935$1,165,934$1,634,292
53$2,108,794$1,320,833$1,140,164$1,683,054
54$2,257,020$1,318,683$1,111,489$1,735,084
55$2,418,259$1,314,321$1,079,746$1,790,741
56$2,593,772$1,307,573$1,044,768$1,850,427
57$2,784,945$1,298,252$1,006,376$1,914,587
58$2,993,306$1,286,164$964,387$1,983,719
59$3,220,536$1,271,098$918,606$2,058,374
60$3,468,483$1,252,835$868,832$2,139,168
61$3,739,184$1,231,139$814,853$2,226,782
62$4,034,879$1,205,763$756,449$2,321,974
63$4,358,035$1,176,444$693,389$2,425,588
64$4,711,368$1,142,903$625,431$2,538,557
65$5,097,870$1,104,847$552,325$2,661,919
66$5,520,831$1,061,963$473,806$2,796,826
67$5,983,878$1,013,922$389,601$2,944,553
68$6,491,004$960,374$299,423$3,106,517
69$7,046,605$900,951$202,972$3,284,286
70$7,655,523$835,262$99,936$3,479,600
71$8,323,090$762,894$0$3,694,385
72$9,055,181$683,411$0$3,933,556
73$9,858,264$596,353$0$4,226,464
74$10,739,464$501,231$0$4,548,070
75$11,706,629$397,532$0$4,901,374
76$12,768,406$284,711$0$5,289,688
77$13,934,316$162,195$0$5,716,674
78$15,214,850$29,376$0$6,186,370
79$16,621,565$0$0$6,703,241
80$18,167,190$0$0$7,318,785
81$19,865,752$0$0$8,008,562
82$21,732,700$0$0$8,766,910
83$23,785,058$0$0$9,600,765
84$26,041,577$0$0$10,517,772
85$28,522,921$0$0$11,526,351
86$31,251,853$0$0$12,635,783
87$34,253,453$0$0$13,856,290
88$37,555,354$0$0$15,199,135
89$41,188,003$0$0$16,676,730
90$45,184,945$0$0$18,302,750
91$49,583,142$0$0$20,092,260
92$54,423,318$0$0$22,061,864
93$59,750,348$0$0$24,229,853
94$65,613,674$0$0$26,616,383
95$72,067,776$0$0$29,243,666
96$79,172,684$0$0$32,136,171
97$86,994,544$0$0$35,320,867
98$95,606,240$0$0$38,827,466
99$105,088,084$0$0$42,688,710
100$115,528,571$0$0$46,940,677