Can I retire at age 46 with 1,260,000?

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 $1,260,000?

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$104,050$103,123$102,219$101,336$100,474$99,632
2 years$51,510$50,550$49,621$48,719$47,845$46,996
3 years$33,999$33,035$32,108$31,215$30,355$29,526
4 years$25,245$24,284$23,366$22,489$21,649$20,847
5 years$19,994$19,039$18,133$17,273$16,457$15,683
6 years$16,495$15,547$14,654$13,814$13,022$12,277
7 years$13,996$13,056$12,178$11,357$10,591$9,875
8 years$12,123$11,192$10,328$9,527$8,786$8,100
9 years$10,667$9,744$8,895$8,115$7,399$6,743
10 years$9,502$8,589$7,755$6,995$6,304$5,677
11 years$8,551$7,646$6,827$6,088$5,422$4,824
12 years$7,758$6,863$6,059$5,340$4,699$4,128
13 years$7,088$6,202$5,414$4,714$4,097$3,555
14 years$6,514$5,638$4,864$4,185$3,592$3,076
15 years$6,017$5,150$4,392$3,732$3,162$2,673
16 years$5,582$4,725$3,982$3,342$2,795$2,330
17 years$5,199$4,352$3,623$3,003$2,478$2,038
18 years$4,859$4,021$3,307$2,706$2,203$1,787
19 years$4,555$3,727$3,028$2,445$1,964$1,571
20 years$4,282$3,463$2,779$2,214$1,754$1,383
21 years$4,036$3,226$2,556$2,010$1,570$1,220
22 years$3,811$3,011$2,356$1,827$1,407$1,077
23 years$3,607$2,816$2,175$1,664$1,263$952
24 years$3,420$2,639$2,012$1,518$1,135$843
25 years$3,248$2,476$1,863$1,386$1,022$747
26 years$3,090$2,327$1,728$1,267$920$663
27 years$2,944$2,190$1,605$1,160$830$588
28 years$2,808$2,064$1,492$1,063$749$522
29 years$2,682$1,947$1,388$975$676$464
30 years$2,565$1,839$1,293$895$611$413
31 years$2,455$1,738$1,205$822$552$367
32 years$2,353$1,645$1,125$755$500$327
33 years$2,256$1,558$1,050$694$452$291
34 years$2,166$1,476$981$639$409$259
35 years$2,081$1,400$917$588$371$231
36 years$2,001$1,329$858$542$336$206
37 years$1,926$1,262$803$499$304$183
38 years$1,854$1,200$752$460$276$163
39 years$1,787$1,141$705$424$250$146
40 years$1,723$1,085$660$391$227$130
41 years$1,662$1,033$619$361$206$116
42 years$1,604$984$581$333$187$103
43 years$1,549$937$545$307$170$92
44 years$1,497$894$512$284$154$82
45 years$1,447$852$480$262$140$73
46 years$1,400$813$451$242$127$65
47 years$1,355$776$424$224$115$58
48 years$1,311$740$398$207$105$52
49 years$1,270$707$374$191$95$47
50 years$1,230$675$352$177$86$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,260,000, adding $2,191 every year, while hoping to spend $49,189 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: 71/17/12 Blend
45$1,260,000$1,260,000$1,260,000$1,260,000
46$1,390,780$1,324,000$1,304,470$1,485,872
47$1,480,303$1,336,539$1,295,833$1,561,709
48$1,577,308$1,348,044$1,285,258$1,638,488
49$1,682,508$1,358,413$1,272,628$1,721,226
50$1,796,684$1,367,535$1,257,822$1,810,498
51$1,920,696$1,375,295$1,240,709$1,906,943
52$2,055,492$1,381,569$1,221,157$2,011,262
53$2,202,111$1,386,225$1,199,025$2,124,228
54$2,361,700$1,389,123$1,174,166$2,246,696
55$2,535,518$1,390,115$1,146,426$2,379,605
56$2,724,953$1,389,043$1,115,643$2,523,993
57$2,931,531$1,385,739$1,081,650$2,681,003
58$3,156,932$1,380,025$1,044,270$2,851,897
59$3,403,005$1,371,712$1,003,319$3,038,065
60$3,671,785$1,360,600$958,604$3,241,040
61$3,965,514$1,346,476$909,924$3,462,512
62$4,286,658$1,329,115$857,068$3,704,346
63$4,637,934$1,308,278$799,816$3,968,598
64$5,022,332$1,283,712$737,938$4,257,533
65$5,443,145$1,255,149$671,195$4,573,651
66$5,904,000$1,222,306$599,334$4,919,709
67$6,408,891$1,184,881$522,094$5,298,744
68$6,962,215$1,142,558$439,202$5,714,107
69$7,568,815$1,094,998$350,370$6,169,494
70$8,234,028$1,041,846$255,300$6,668,977
71$8,963,727$982,725$153,682$7,217,048
72$9,764,386$917,237$45,188$7,818,659
73$10,643,132$844,961$0$8,479,272
74$11,607,818$765,450$0$9,213,946
75$12,667,093$678,234$0$10,027,041
76$13,830,485$582,816$0$10,920,132
77$15,108,490$478,671$0$11,901,338
78$16,512,672$365,242$0$12,979,606
79$18,055,769$241,943$0$14,164,799
80$19,751,814$108,154$0$15,467,785
81$21,616,268$0$0$16,900,545
82$23,666,164$0$0$18,483,163
83$25,920,267$0$0$20,245,757
84$28,399,255$0$0$22,184,270
85$31,125,905$0$0$24,316,526
86$34,125,316$0$0$26,662,160
87$37,425,141$0$0$29,242,806
88$41,055,848$0$0$32,082,304
89$45,051,008$0$0$35,206,917
90$49,447,609$0$0$38,645,586
91$54,286,407$0$0$42,430,197
92$59,612,309$0$0$46,595,886
93$65,474,798$0$0$51,181,366
94$71,928,394$0$0$56,229,295
95$79,033,175$0$0$61,786,676
96$86,855,338$0$0$67,905,304
97$95,467,826$0$0$74,642,247
98$104,951,015$0$0$82,060,393
99$115,393,472$0$0$90,229,036
100$126,892,790$0$0$99,224,532