Can I retire at age 46 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$107,353$106,397$105,464$104,553$103,664$102,115
2 years$53,145$52,155$51,196$50,266$49,364$47,807
3 years$35,078$34,084$33,127$32,206$31,318$29,801
4 years$26,046$25,055$24,108$23,202$22,337$20,872
5 years$20,629$19,644$18,709$17,822$16,980$15,571
6 years$17,018$16,041$15,120$14,252$13,436$12,085
7 years$14,440$13,471$12,564$11,718$10,927$9,634
8 years$12,508$11,547$10,656$9,830$9,065$7,831
9 years$11,005$10,054$9,178$8,373$7,634$6,457
10 years$9,804$8,862$8,001$7,217$6,504$5,385
11 years$8,822$7,889$7,044$6,281$5,594$4,530
12 years$8,004$7,081$6,252$5,509$4,848$3,838
13 years$7,313$6,399$5,585$4,864$4,227$3,270
14 years$6,720$5,817$5,018$4,318$3,706$2,800
15 years$6,208$5,314$4,531$3,851$3,263$2,406
16 years$5,759$4,875$4,108$3,448$2,884$2,075
17 years$5,364$4,490$3,738$3,098$2,557$1,795
18 years$5,014$4,149$3,412$2,792$2,273$1,556
19 years$4,700$3,845$3,124$2,523$2,026$1,351
20 years$4,418$3,573$2,867$2,285$1,810$1,176
21 years$4,164$3,328$2,637$2,074$1,620$1,025
22 years$3,932$3,107$2,430$1,885$1,452$894
23 years$3,722$2,906$2,244$1,717$1,303$781
24 years$3,529$2,722$2,075$1,566$1,171$683
25 years$3,352$2,555$1,922$1,430$1,054$598
26 years$3,188$2,401$1,783$1,308$949$523
27 years$3,037$2,260$1,655$1,197$856$459
28 years$2,897$2,129$1,539$1,097$772$402
29 years$2,767$2,009$1,432$1,006$697$353
30 years$2,646$1,897$1,334$923$630$310
31 years$2,533$1,793$1,244$848$570$272
32 years$2,427$1,697$1,160$779$515$239
33 years$2,328$1,607$1,083$716$466$210
34 years$2,235$1,523$1,012$659$422$184
35 years$2,147$1,445$946$607$382$162
36 years$2,065$1,371$885$559$347$142
37 years$1,987$1,302$829$515$314$125
38 years$1,913$1,238$776$475$285$110
39 years$1,843$1,177$727$438$258$97
40 years$1,777$1,120$681$404$234$85
41 years$1,715$1,066$639$372$212$75
42 years$1,655$1,015$599$344$193$66
43 years$1,598$967$562$317$175$58
44 years$1,545$922$528$293$159$51
45 years$1,493$879$496$271$144$45
46 years$1,444$839$466$250$131$39
47 years$1,398$800$437$231$119$35
48 years$1,353$764$411$213$108$31
49 years$1,310$730$386$197$98$27
50 years$1,269$697$363$182$89$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,300,000, adding $5,571 every year, while hoping to spend $59,862 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: 59/17/24 Blend
45$1,300,000$1,300,000$1,300,000$1,300,000
46$1,438,346$1,369,446$1,349,296$1,513,637
47$1,521,365$1,372,857$1,330,805$1,568,951
48$1,610,845$1,374,428$1,309,688$1,622,325
49$1,707,383$1,374,006$1,285,794$1,679,249
50$1,811,633$1,371,429$1,258,965$1,740,079
51$1,924,314$1,366,524$1,229,035$1,805,212
52$2,046,218$1,359,107$1,195,831$1,875,087
53$2,178,213$1,348,984$1,159,172$1,950,188
54$2,321,254$1,335,948$1,118,869$2,031,055
55$2,476,393$1,319,781$1,074,722$2,118,281
56$2,644,785$1,300,250$1,026,525$2,212,525
57$2,827,701$1,277,110$974,061$2,314,516
58$3,026,538$1,250,100$917,104$2,425,061
59$3,242,835$1,218,944$855,416$2,545,052
60$3,478,283$1,183,351$788,752$2,675,476
61$3,734,744$1,143,012$716,851$2,817,423
62$4,014,266$1,097,598$639,444$2,972,102
63$4,319,106$1,046,765$556,250$3,140,846
64$4,651,743$990,145$466,973$3,325,132
65$5,014,911$927,352$371,306$3,526,589
66$5,411,615$857,975$268,928$3,747,021
67$5,845,166$781,582$159,504$3,988,419
68$6,319,209$697,716$42,683$4,252,986
69$6,837,756$605,892$0$4,543,153
70$7,405,225$505,599$0$4,882,602
71$8,026,482$396,297$0$5,266,337
72$8,706,884$277,416$0$5,686,796
73$9,452,330$148,354$0$6,147,708
74$10,269,318$8,473$0$6,653,182
75$11,165,004$0$0$7,207,750
76$12,147,269$0$0$7,843,141
77$13,224,792$0$0$8,542,000
78$14,407,136$0$0$9,308,957
79$15,704,831$0$0$10,150,857
80$17,129,479$0$0$11,075,241
81$18,693,858$0$0$12,090,415
82$20,412,044$0$0$13,205,531
83$22,299,544$0$0$14,430,668
84$24,373,442$0$0$15,776,931
85$26,652,557$0$0$17,256,555
86$29,157,621$0$0$18,883,017
87$31,911,478$0$0$20,671,167
88$34,939,290$0$0$22,637,363
89$38,268,784$0$0$24,799,631
90$41,930,506$0$0$27,177,827
91$45,958,110$0$0$29,793,831
92$50,388,676$0$0$32,671,749
93$55,263,059$0$0$35,838,142
94$60,626,274$0$0$39,322,274
95$66,527,918$0$0$43,156,390
96$73,022,639$0$0$47,376,017
97$80,170,650$0$0$52,020,304
98$88,038,300$0$0$57,132,383
99$96,698,693$0$0$62,759,784
100$106,232,381$0$0$68,954,876