Can I retire at age 46 with 1,420,000?

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 $1,420,000?

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$117,262$116,218$115,199$114,204$113,233$111,541
2 years$58,051$56,969$55,922$54,906$53,920$52,219
3 years$38,316$37,230$36,185$35,179$34,209$32,552
4 years$28,451$27,368$26,333$25,344$24,398$22,798
5 years$22,533$21,457$20,436$19,467$18,547$17,009
6 years$18,589$17,521$16,515$15,568$14,676$13,200
7 years$15,773$14,714$13,724$12,799$11,935$10,524
8 years$13,662$12,613$11,639$10,737$9,902$8,553
9 years$12,021$10,982$10,025$9,145$8,339$7,053
10 years$10,709$9,680$8,740$7,883$7,105$5,882
11 years$9,636$8,617$7,694$6,861$6,110$4,948
12 years$8,743$7,735$6,829$6,018$5,295$4,192
13 years$7,988$6,990$6,101$5,313$4,617$3,572
14 years$7,341$6,354$5,482$4,716$4,048$3,058
15 years$6,781$5,804$4,949$4,206$3,564$2,628
16 years$6,291$5,325$4,487$3,766$3,150$2,267
17 years$5,860$4,904$4,083$3,384$2,793$1,960
18 years$5,476$4,532$3,727$3,049$2,483$1,699
19 years$5,134$4,200$3,412$2,755$2,213$1,476
20 years$4,826$3,903$3,132$2,496$1,977$1,284
21 years$4,548$3,635$2,880$2,265$1,769$1,119
22 years$4,295$3,393$2,655$2,059$1,586$977
23 years$4,065$3,174$2,451$1,875$1,424$853
24 years$3,855$2,974$2,267$1,711$1,280$746
25 years$3,661$2,791$2,100$1,562$1,151$653
26 years$3,483$2,623$1,947$1,428$1,037$572
27 years$3,318$2,468$1,808$1,307$935$501
28 years$3,165$2,326$1,681$1,198$844$439
29 years$3,023$2,194$1,564$1,098$762$385
30 years$2,891$2,072$1,457$1,008$688$338
31 years$2,767$1,959$1,358$926$622$297
32 years$2,651$1,854$1,267$851$563$261
33 years$2,543$1,755$1,183$782$509$229
34 years$2,441$1,664$1,106$720$461$201
35 years$2,346$1,578$1,034$663$418$177
36 years$2,255$1,498$967$610$379$156
37 years$2,170$1,422$905$562$343$137
38 years$2,090$1,352$848$518$311$120
39 years$2,014$1,285$794$478$282$106
40 years$1,941$1,223$744$441$256$93
41 years$1,873$1,164$698$407$232$82
42 years$1,808$1,109$655$375$211$72
43 years$1,746$1,056$614$347$191$63
44 years$1,687$1,007$577$320$173$56
45 years$1,631$960$541$295$158$49
46 years$1,578$916$509$273$143$43
47 years$1,527$874$478$252$130$38
48 years$1,478$835$449$233$118$33
49 years$1,431$797$422$215$107$29
50 years$1,386$761$397$199$97$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,420,000, adding $2,066 every year, while hoping to spend $55,062 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: 59/25/16 Blend
45$1,420,000$1,420,000$1,420,000$1,420,000
46$1,566,971$1,491,711$1,469,701$1,652,878
47$1,668,217$1,506,219$1,460,351$1,725,688
48$1,777,944$1,519,593$1,448,841$1,798,778
49$1,896,959$1,531,719$1,435,043$1,877,206
50$2,026,151$1,542,475$1,418,819$1,961,495
51$2,166,495$1,551,733$1,400,026$2,052,221
52$2,319,065$1,559,355$1,378,514$2,150,023
53$2,485,042$1,565,195$1,354,126$2,255,605
54$2,665,726$1,569,099$1,326,699$2,369,743
55$2,862,546$1,570,902$1,296,060$2,493,296
56$3,077,077$1,570,427$1,262,029$2,627,213
57$3,311,051$1,567,490$1,224,419$2,772,538
58$3,566,373$1,561,893$1,183,033$2,930,427
59$3,845,143$1,553,425$1,137,664$3,102,157
60$4,149,670$1,541,865$1,088,097$3,289,134
61$4,482,496$1,526,976$1,034,109$3,492,914
62$4,846,422$1,508,509$975,463$3,715,213
63$5,244,530$1,486,199$911,914$3,957,924
64$5,680,213$1,459,764$843,204$4,223,138
65$6,157,210$1,428,908$769,067$4,513,163
66$6,679,635$1,393,314$689,220$4,830,547
67$7,252,021$1,352,649$603,372$5,178,099
68$7,879,359$1,306,561$511,217$5,558,923
69$8,567,145$1,254,674$412,434$5,976,442
70$9,321,435$1,196,594$306,692$6,434,433
71$10,148,896$1,131,902$193,641$6,937,064
72$11,056,874$1,060,155$72,918$7,488,937
73$12,053,458$980,886$0$8,095,125
74$13,147,560$893,599$0$8,770,774
75$14,348,997$797,771$0$9,526,420
76$15,668,583$692,850$0$10,356,488
77$17,118,230$578,251$0$11,268,569
78$18,711,062$453,358$0$12,271,033
79$20,461,536$317,519$0$13,373,110
80$22,385,580$170,044$0$14,584,974
81$24,500,741$10,208$0$15,917,842
82$26,826,351$0$0$17,384,083
83$29,383,708$0$0$19,042,106
84$32,196,281$0$0$20,868,813
85$35,289,921$0$0$22,878,202
86$38,693,116$0$0$25,088,794
87$42,437,251$0$0$27,520,991
88$46,556,907$0$0$30,197,277
89$51,090,187$0$0$33,142,422
90$56,079,071$0$0$36,383,721
91$61,569,819$0$0$39,951,245
92$67,613,400$0$0$43,878,134
93$74,265,975$0$0$48,200,899
94$81,589,427$0$0$52,959,772
95$89,651,944$0$0$58,199,086
96$98,528,659$0$0$63,967,688
97$108,302,364$0$0$70,319,404
98$119,064,286$0$0$77,313,547
99$130,914,950$0$0$85,015,472
100$143,965,123$0$0$93,497,195