Can I retire at age 46 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$106,527$105,578$104,652$103,749$102,866$100,217
2 years$52,736$51,754$50,802$49,879$48,984$46,332
3 years$34,808$33,822$32,872$31,958$31,077$28,507
4 years$25,846$24,863$23,923$23,024$22,165$19,694
5 years$20,470$19,493$18,565$17,685$16,849$14,486
6 years$16,887$15,917$15,003$14,143$13,332$11,079
7 years$14,329$13,367$12,468$11,627$10,843$8,699
8 years$12,411$11,458$10,574$9,754$8,995$6,961
9 years$10,921$9,976$9,107$8,308$7,575$5,648
10 years$9,729$8,794$7,940$7,162$6,454$4,632
11 years$8,754$7,829$6,990$6,233$5,551$3,830
12 years$7,943$7,026$6,203$5,467$4,810$3,189
13 years$7,256$6,350$5,542$4,827$4,195$2,669
14 years$6,669$5,772$4,980$4,284$3,677$2,243
15 years$6,160$5,273$4,496$3,821$3,238$1,893
16 years$5,715$4,838$4,076$3,421$2,861$1,601
17 years$5,323$4,455$3,709$3,074$2,537$1,358
18 years$4,975$4,117$3,386$2,770$2,256$1,154
19 years$4,664$3,815$3,100$2,503$2,011$983
20 years$4,384$3,545$2,845$2,267$1,796$838
21 years$4,132$3,302$2,617$2,058$1,607$715
22 years$3,902$3,083$2,412$1,871$1,441$611
23 years$3,693$2,883$2,227$1,704$1,293$523
24 years$3,502$2,701$2,059$1,554$1,162$448
25 years$3,326$2,535$1,907$1,419$1,046$383
26 years$3,164$2,383$1,769$1,298$942$329
27 years$3,014$2,242$1,643$1,188$849$282
28 years$2,875$2,113$1,527$1,088$766$242
29 years$2,746$1,993$1,421$998$692$207
30 years$2,626$1,882$1,324$916$625$178
31 years$2,514$1,780$1,234$841$565$153
32 years$2,409$1,684$1,151$773$511$131
33 years$2,310$1,595$1,075$711$463$113
34 years$2,218$1,511$1,004$654$419$97
35 years$2,131$1,433$939$602$380$83
36 years$2,049$1,361$879$555$344$71
37 years$1,971$1,292$822$511$312$61
38 years$1,898$1,228$770$471$283$53
39 years$1,829$1,168$721$434$256$45
40 years$1,764$1,111$676$400$232$39
41 years$1,701$1,058$634$370$211$34
42 years$1,642$1,007$595$341$191$29
43 years$1,586$960$558$315$174$25
44 years$1,533$915$524$291$158$21
45 years$1,482$872$492$268$143$18
46 years$1,433$832$462$248$130$16
47 years$1,387$794$434$229$118$14
48 years$1,342$758$408$212$107$12
49 years$1,300$724$383$196$97$10
50 years$1,259$692$360$181$88$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,290,000, adding $5,735 every year, while hoping to spend $53,179 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: 51/44/5 Blend
45$1,290,000$1,290,000$1,290,000$1,290,000
46$1,427,496$1,359,126$1,339,131$1,498,354
47$1,516,518$1,369,141$1,327,409$1,557,106
48$1,612,839$1,377,864$1,313,513$1,614,683
49$1,717,145$1,385,177$1,297,313$1,675,981
50$1,830,195$1,390,951$1,278,674$1,741,362
51$1,952,819$1,395,052$1,257,454$1,811,223
52$2,085,934$1,397,337$1,233,506$1,886,005
53$2,230,545$1,397,652$1,206,674$1,966,195
54$2,387,759$1,395,836$1,176,796$2,052,332
55$2,558,795$1,391,716$1,143,703$2,145,012
56$2,744,992$1,385,110$1,107,217$2,244,896
57$2,947,825$1,375,824$1,067,152$2,352,713
58$3,168,916$1,363,653$1,023,315$2,469,271
59$3,410,052$1,348,378$975,503$2,595,462
60$3,673,198$1,329,769$923,503$2,732,273
61$3,960,517$1,307,581$867,093$2,880,797
62$4,274,391$1,281,554$806,042$3,042,240
63$4,617,442$1,251,413$740,108$3,217,936
64$4,992,558$1,216,869$669,038$3,409,362
65$5,402,915$1,177,612$592,567$3,618,147
66$5,852,013$1,133,316$510,419$3,846,094
67$6,343,707$1,083,637$422,307$4,095,194
68$6,882,240$1,028,209$327,928$4,367,650
69$7,472,284$966,647$226,970$4,665,892
70$8,118,986$898,543$119,103$4,992,609
71$8,828,015$823,464$3,985$5,350,768
72$9,605,613$740,954$0$5,743,651
73$10,458,656$650,530$0$6,181,221
74$11,394,717$551,685$0$6,661,777
75$12,422,139$443,878$0$7,189,546
76$13,550,110$326,541$0$7,769,431
77$14,788,753$199,073$0$8,406,842
78$16,149,218$60,840$0$9,107,755
79$17,643,790$0$0$9,878,763
80$19,285,999$0$0$10,770,154
81$21,090,753$0$0$11,782,289
82$23,074,476$0$0$12,894,941
83$25,255,262$0$0$14,118,275
84$27,653,044$0$0$15,463,492
85$30,289,786$0$0$16,942,934
86$33,189,682$0$0$18,570,197
87$36,379,394$0$0$20,360,263
88$39,888,294$0$0$22,329,636
89$43,748,746$0$0$24,496,502
90$47,996,406$0$0$26,880,901
91$52,670,564$0$0$29,504,909
92$57,814,510$0$0$32,392,854
93$63,475,943$0$0$35,571,540
94$69,707,418$0$0$39,070,503
95$76,566,848$0$0$42,922,286
96$84,118,041$0$0$47,162,749
97$92,431,309$0$0$51,831,403
98$101,584,127$0$0$56,971,790
99$111,661,865$0$0$62,631,883
100$122,758,590$0$0$68,864,549