Can I retire at age 46 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$118,914$117,855$116,821$115,813$114,828$112,879
2 years$58,868$57,772$56,709$55,679$54,680$52,723
3 years$38,856$37,755$36,695$35,674$34,691$32,786
4 years$28,851$27,754$26,704$25,701$24,742$22,904
5 years$22,850$21,759$20,724$19,741$18,808$17,043
6 years$18,851$17,768$16,748$15,787$14,883$13,191
7 years$15,995$14,922$13,917$12,979$12,103$10,487
8 years$13,855$12,791$11,803$10,888$10,041$8,499
9 years$12,191$11,136$10,166$9,274$8,456$6,988
10 years$10,860$9,816$8,863$7,994$7,205$5,809
11 years$9,772$8,739$7,803$6,958$6,196$4,871
12 years$8,866$7,843$6,925$6,103$5,370$4,114
13 years$8,100$7,088$6,187$5,388$4,683$3,494
14 years$7,444$6,443$5,559$4,783$4,105$2,981
15 years$6,876$5,886$5,019$4,265$3,614$2,554
16 years$6,380$5,400$4,550$3,819$3,194$2,195
17 years$5,942$4,973$4,141$3,431$2,832$1,891
18 years$5,554$4,596$3,780$3,092$2,518$1,634
19 years$5,206$4,259$3,460$2,794$2,245$1,414
20 years$4,894$3,958$3,176$2,531$2,005$1,226
21 years$4,612$3,687$2,921$2,297$1,794$1,064
22 years$4,356$3,441$2,692$2,088$1,608$925
23 years$4,123$3,218$2,486$1,902$1,444$805
24 years$3,909$3,016$2,299$1,735$1,298$701
25 years$3,713$2,830$2,129$1,584$1,168$611
26 years$3,532$2,660$1,975$1,448$1,052$533
27 years$3,364$2,503$1,834$1,326$948$465
28 years$3,209$2,359$1,705$1,215$856$406
29 years$3,065$2,225$1,586$1,114$773$355
30 years$2,931$2,101$1,478$1,022$698$310
31 years$2,806$1,986$1,378$939$631$271
32 years$2,689$1,880$1,285$863$571$237
33 years$2,579$1,780$1,200$794$517$208
34 years$2,476$1,687$1,121$730$468$182
35 years$2,379$1,600$1,048$672$424$159
36 years$2,287$1,519$981$619$384$139
37 years$2,201$1,442$918$570$348$122
38 years$2,119$1,371$860$526$315$107
39 years$2,042$1,304$805$485$286$93
40 years$1,969$1,240$755$447$259$82
41 years$1,899$1,181$708$412$235$72
42 years$1,833$1,124$664$381$214$63
43 years$1,771$1,071$623$351$194$55
44 years$1,711$1,021$585$324$176$48
45 years$1,654$974$549$300$160$42
46 years$1,600$929$516$277$145$37
47 years$1,548$886$485$256$132$32
48 years$1,499$846$455$236$120$28
49 years$1,451$808$428$218$109$25
50 years$1,406$772$402$202$99$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,440,000, adding $6,632 every year, while hoping to spend $50,641 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: 48/43/9 Blend
45$1,440,000$1,440,000$1,440,000$1,440,000
46$1,593,721$1,517,401$1,495,081$1,666,034
47$1,702,399$1,537,872$1,491,284$1,736,836
48$1,820,465$1,557,649$1,485,664$1,807,810
49$1,948,822$1,576,644$1,478,104$1,883,699
50$2,088,467$1,594,764$1,468,485$1,964,976
51$2,240,492$1,611,909$1,456,681$2,052,163
52$2,406,102$1,627,973$1,442,560$2,145,837
53$2,586,623$1,642,842$1,425,984$2,246,635
54$2,783,513$1,656,395$1,406,808$2,355,261
55$2,998,376$1,668,503$1,384,881$2,472,492
56$3,232,980$1,679,030$1,360,045$2,599,185
57$3,489,270$1,687,828$1,332,132$2,736,288
58$3,769,388$1,694,744$1,300,970$2,884,849
59$4,075,689$1,699,611$1,266,377$3,046,022
60$4,410,772$1,702,253$1,228,163$3,221,085
61$4,777,492$1,702,485$1,186,128$3,411,446
62$5,178,998$1,700,109$1,140,065$3,618,661
63$5,618,754$1,694,913$1,089,756$3,844,449
64$6,100,579$1,686,675$1,034,974$4,090,707
65$6,628,673$1,675,158$975,481$4,359,529
66$7,207,667$1,660,110$911,029$4,653,228
67$7,842,659$1,641,265$841,358$4,974,356
68$8,539,264$1,618,341$766,197$5,325,731
69$9,303,667$1,591,038$685,263$5,710,464
70$10,142,682$1,559,039$598,260$6,131,988
71$11,063,812$1,522,009$504,878$6,594,093
72$12,075,325$1,479,591$404,796$7,100,961
73$13,186,326$1,431,409$297,675$7,657,208
74$14,406,849$1,377,065$183,164$8,267,929
75$15,747,943$1,316,137$60,896$8,938,745
76$17,221,784$1,248,179$0$9,675,860
77$18,841,785$1,172,719$0$10,492,801
78$20,622,723$1,089,257$0$11,397,112
79$22,580,877$997,267$0$12,391,315
80$24,734,183$896,191$0$13,484,644
81$27,102,404$785,438$0$14,687,286
82$29,707,311$664,387$0$16,010,478
83$32,572,894$532,378$0$17,466,611
84$35,725,582$388,718$0$19,069,353
85$39,194,497$232,671$0$20,833,775
86$43,011,726$63,462$0$22,776,502
87$47,212,623$0$0$24,915,864
88$51,836,144$0$0$27,328,728
89$56,925,210$0$0$30,017,789
90$62,527,117$0$0$32,978,033
91$68,693,978$0$0$36,237,022
92$75,483,215$0$0$39,825,127
93$82,958,102$0$0$43,775,816
94$91,188,358$0$0$48,125,962
95$100,250,809$0$0$52,916,202
96$110,230,110$0$0$58,191,310
97$121,219,541$0$0$64,000,625
98$133,321,892$0$0$70,398,515
99$146,650,428$0$0$77,444,890
100$161,329,960$0$0$85,205,765