Can I retire at age 46 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$103,224$102,304$101,407$100,532$99,677$99,215
2 years$51,101$50,149$49,227$48,333$47,465$46,999
3 years$33,729$32,773$31,853$30,967$30,114$29,658
4 years$25,045$24,092$23,181$22,310$21,477$21,035
5 years$19,835$18,888$17,989$17,136$16,327$15,899
6 years$16,364$15,424$14,538$13,704$12,919$12,507
7 years$13,885$12,953$12,081$11,267$10,506$10,110
8 years$12,027$11,103$10,246$9,451$8,716$8,336
9 years$10,582$9,667$8,825$8,051$7,340$6,975
10 years$9,427$8,521$7,694$6,940$6,254$5,905
11 years$8,483$7,586$6,773$6,040$5,379$5,045
12 years$7,696$6,809$6,011$5,298$4,661$4,342
13 years$7,031$6,153$5,371$4,677$4,065$3,760
14 years$6,462$5,593$4,825$4,152$3,563$3,273
15 years$5,969$5,109$4,357$3,703$3,137$2,861
16 years$5,538$4,688$3,950$3,315$2,773$2,510
17 years$5,158$4,317$3,594$2,979$2,458$2,209
18 years$4,821$3,989$3,281$2,684$2,186$1,949
19 years$4,519$3,697$3,004$2,426$1,948$1,724
20 years$4,248$3,436$2,757$2,197$1,740$1,528
21 years$4,004$3,200$2,536$1,994$1,557$1,356
22 years$3,781$2,987$2,337$1,813$1,396$1,206
23 years$3,579$2,794$2,158$1,651$1,253$1,074
24 years$3,393$2,618$1,996$1,506$1,126$957
25 years$3,223$2,457$1,848$1,375$1,014$854
26 years$3,066$2,309$1,714$1,257$913$763
27 years$2,921$2,173$1,592$1,151$823$682
28 years$2,786$2,047$1,480$1,054$743$610
29 years$2,661$1,931$1,377$967$671$546
30 years$2,544$1,824$1,283$887$606$489
31 years$2,436$1,724$1,196$815$548$438
32 years$2,334$1,632$1,116$749$496$393
33 years$2,239$1,545$1,042$689$448$352
34 years$2,149$1,464$973$634$406$316
35 years$2,065$1,389$910$583$368$284
36 years$1,985$1,318$851$537$333$255
37 years$1,910$1,252$797$495$302$229
38 years$1,840$1,190$746$456$274$205
39 years$1,772$1,132$699$421$248$185
40 years$1,709$1,077$655$388$225$166
41 years$1,649$1,025$614$358$204$149
42 years$1,591$976$576$330$185$134
43 years$1,537$930$541$305$168$120
44 years$1,485$886$508$282$153$108
45 years$1,436$845$477$260$139$97
46 years$1,389$806$448$240$126$88
47 years$1,344$770$421$222$114$79
48 years$1,301$735$395$205$104$71
49 years$1,260$702$372$190$94$64
50 years$1,220$670$349$175$86$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,250,000, adding $2,080 every year, while hoping to spend $57,403 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: 73/22/5 Blend
45$1,250,000$1,250,000$1,250,000$1,250,000
46$1,379,646$1,313,396$1,294,021$1,479,657
47$1,459,293$1,316,676$1,276,294$1,549,066
48$1,545,141$1,318,192$1,256,049$1,617,598
49$1,637,760$1,317,799$1,233,142$1,691,005
50$1,737,780$1,315,339$1,207,421$1,769,748
51$1,845,890$1,310,648$1,178,726$1,854,336
52$1,962,850$1,303,548$1,146,892$1,945,332
53$2,089,493$1,293,854$1,111,745$2,043,352
54$2,226,735$1,281,368$1,073,103$2,149,082
55$2,375,587$1,265,879$1,030,777$2,263,273
56$2,537,155$1,247,166$984,566$2,386,756
57$2,712,660$1,224,992$934,264$2,520,447
58$2,903,444$1,199,109$879,654$2,665,357
59$3,110,981$1,169,251$820,508$2,822,601
60$3,336,895$1,135,138$756,590$2,993,407
61$3,582,973$1,096,475$687,650$3,179,132
62$3,851,182$1,052,947$613,432$3,381,273
63$4,143,684$1,004,223$533,663$3,601,479
64$4,462,861$949,952$448,063$3,841,570
65$4,811,335$889,761$356,335$4,103,556
66$5,191,991$823,260$258,172$4,389,651
67$5,608,005$750,031$153,252$4,702,298
68$6,062,876$669,636$41,240$5,044,193
69$6,560,453$581,613$0$5,418,307
70$7,104,977$485,469$0$5,832,099
71$7,701,116$380,689$0$6,287,626
72$8,354,012$266,724$0$6,786,696
73$9,069,325$142,998$0$7,333,731
74$9,853,291$8,900$0$7,933,605
75$10,712,777$0$0$8,591,694
76$11,655,346$0$0$9,346,902
77$12,689,327$0$0$10,177,774
78$13,823,896$0$0$11,089,536
79$15,069,160$0$0$12,090,317
80$16,436,250$0$0$13,189,071
81$17,937,429$0$0$14,395,663
82$19,586,206$0$0$15,720,958
83$21,397,462$0$0$17,176,927
84$23,387,590$0$0$18,776,756
85$25,574,650$0$0$20,534,974
86$27,978,539$0$0$22,467,583
87$30,621,175$0$0$24,592,217
88$33,526,708$0$0$26,928,301
89$36,721,743$0$0$29,497,238
90$40,235,595$0$0$32,322,607
91$44,100,559$0$0$35,430,388
92$48,352,218$0$0$38,849,206
93$53,029,779$0$0$42,610,598
94$58,176,439$0$0$46,749,313
95$63,839,793$0$0$51,303,639
96$70,072,284$0$0$56,315,761
97$76,931,696$0$0$61,832,164
98$84,481,696$0$0$67,904,064
99$92,792,440$0$0$74,587,895
100$101,941,229$0$0$81,945,843