Can I retire at age 46 with 1,370,000?

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 $1,370,000?

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$113,133$112,126$111,142$110,183$109,246$108,150
2 years$56,007$54,964$53,953$52,972$52,022$50,918
3 years$36,967$35,919$34,911$33,940$33,005$31,927
4 years$27,449$26,404$25,406$24,452$23,539$22,496
5 years$21,740$20,701$19,716$18,781$17,894$16,889
6 years$17,935$16,904$15,934$15,020$14,159$13,193
7 years$15,218$14,196$13,241$12,348$11,515$10,588
8 years$13,181$12,169$11,229$10,359$9,553$8,665
9 years$11,598$10,595$9,672$8,823$8,045$7,196
10 years$10,332$9,339$8,432$7,606$6,855$6,045
11 years$9,297$8,314$7,424$6,619$5,895$5,123
12 years$8,435$7,462$6,588$5,806$5,109$4,374
13 years$7,706$6,744$5,886$5,126$4,455$3,756
14 years$7,082$6,130$5,289$4,550$3,905$3,241
15 years$6,542$5,600$4,775$4,058$3,438$2,809
16 years$6,070$5,138$4,329$3,633$3,039$2,443
17 years$5,653$4,732$3,939$3,265$2,694$2,130
18 years$5,284$4,372$3,596$2,942$2,396$1,863
19 years$4,953$4,052$3,292$2,658$2,135$1,632
20 years$4,656$3,765$3,021$2,408$1,907$1,433
21 years$4,388$3,507$2,779$2,185$1,707$1,260
22 years$4,144$3,274$2,561$1,987$1,530$1,109
23 years$3,922$3,062$2,365$1,809$1,373$978
24 years$3,719$2,869$2,187$1,650$1,234$863
25 years$3,532$2,692$2,026$1,507$1,111$763
26 years$3,360$2,530$1,879$1,378$1,001$674
27 years$3,201$2,381$1,745$1,261$902$597
28 years$3,053$2,244$1,622$1,156$814$528
29 years$2,916$2,117$1,509$1,060$735$468
30 years$2,789$1,999$1,406$973$664$415
31 years$2,670$1,890$1,311$893$600$368
32 years$2,558$1,788$1,223$821$543$326
33 years$2,453$1,693$1,142$755$492$289
34 years$2,355$1,605$1,067$695$445$257
35 years$2,263$1,522$997$639$403$228
36 years$2,176$1,445$933$589$365$202
37 years$2,094$1,372$873$543$331$180
38 years$2,016$1,304$818$500$300$160
39 years$1,943$1,240$766$461$272$142
40 years$1,873$1,180$718$425$247$126
41 years$1,807$1,123$673$392$224$112
42 years$1,744$1,070$632$362$203$100
43 years$1,685$1,019$593$334$184$89
44 years$1,628$972$556$309$167$79
45 years$1,574$926$522$285$152$70
46 years$1,522$884$491$263$138$62
47 years$1,473$843$461$243$125$55
48 years$1,426$805$433$225$114$49
49 years$1,381$769$407$208$103$44
50 years$1,338$734$383$192$94$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,370,000, adding $2,215 every year, while hoping to spend $32,911 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: 53/26/21 Blend
45$1,370,000$1,370,000$1,370,000$1,370,000
46$1,512,025$1,439,415$1,418,180$1,583,325
47$1,631,234$1,474,929$1,430,672$1,668,102
48$1,761,500$1,511,080$1,442,479$1,756,689
49$1,903,915$1,547,866$1,453,544$1,852,386
50$2,059,683$1,585,279$1,463,807$1,955,882
51$2,230,129$1,623,316$1,473,202$2,067,936
52$2,416,711$1,661,968$1,481,663$2,189,381
53$2,621,037$1,701,225$1,489,120$2,321,140
54$2,844,875$1,741,078$1,495,498$2,464,227
55$3,090,174$1,781,513$1,500,720$2,619,759
56$3,359,080$1,822,515$1,504,702$2,788,968
57$3,653,957$1,864,069$1,507,360$2,973,211
58$3,977,406$1,906,154$1,508,602$3,173,984
59$4,332,296$1,948,750$1,508,335$3,392,936
60$4,721,784$1,991,833$1,506,458$3,631,882
61$5,149,350$2,035,376$1,502,868$3,892,824
62$5,618,824$2,079,350$1,497,455$4,177,970
63$6,134,428$2,123,723$1,490,104$4,489,750
64$6,700,813$2,168,457$1,480,695$4,830,845
65$7,323,099$2,213,515$1,469,102$5,204,208
66$8,006,931$2,258,854$1,455,192$5,613,096
67$8,758,526$2,304,425$1,438,829$6,061,097
68$9,584,732$2,350,178$1,419,866$6,552,166
69$10,493,095$2,396,058$1,398,153$7,090,661
70$11,491,929$2,442,003$1,373,529$7,681,389
71$12,590,394$2,487,949$1,345,830$8,329,643
72$13,798,580$2,533,824$1,314,881$9,041,263
73$15,127,605$2,579,552$1,280,500$9,822,680
74$16,589,721$2,625,050$1,242,496$10,680,987
75$18,198,424$2,670,229$1,200,672$11,623,999
76$19,968,586$2,714,993$1,154,817$12,660,331
77$21,916,593$2,759,239$1,104,715$13,799,478
78$24,060,501$2,802,857$1,050,138$15,051,906
79$26,420,201$2,845,726$990,847$16,429,150
80$29,017,616$2,887,721$926,594$17,943,924
81$31,876,897$2,928,704$857,120$19,610,242
82$35,024,659$2,968,528$782,151$21,443,548
83$38,490,226$3,007,038$701,406$23,460,867
84$42,305,913$3,044,067$614,586$25,680,962
85$46,507,324$3,079,434$521,383$28,124,513
86$51,133,695$3,112,950$421,473$30,814,313
87$56,228,259$3,144,412$314,519$33,775,485
88$61,838,654$3,173,601$200,168$37,035,717
89$68,017,375$3,200,286$78,053$40,625,526
90$74,822,268$3,224,221$0$44,578,547
91$82,317,075$3,245,143$0$48,943,563
92$90,572,034$3,262,773$0$53,769,145
93$99,664,546$3,276,813$0$59,082,909
94$109,679,900$3,286,947$0$64,934,583
95$120,712,082$3,292,839$0$71,378,967
96$132,864,658$3,294,132$0$78,476,454
97$146,251,755$3,290,447$0$86,293,595
98$160,999,136$3,281,380$0$94,903,732
99$177,245,385$3,266,505$0$104,387,692
100$195,143,219$3,245,368$0$114,834,543