Can I retire at age 46 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$120,565$119,492$118,444$117,421$116,422$115,111
2 years$59,686$58,574$57,497$56,452$55,439$54,119
3 years$39,395$38,279$37,204$36,170$35,173$33,885
4 years$29,252$28,139$27,075$26,058$25,086$23,840
5 years$23,168$22,061$21,011$20,015$19,070$17,869
6 years$19,113$18,015$16,980$16,006$15,089$13,936
7 years$16,217$15,129$14,111$13,160$12,272$11,166
8 years$14,047$12,968$11,967$11,039$10,180$9,123
9 years$12,360$11,291$10,307$9,403$8,573$7,563
10 years$11,011$9,953$8,986$8,106$7,305$6,341
11 years$9,908$8,860$7,911$7,054$6,283$5,364
12 years$8,989$7,952$7,021$6,188$5,444$4,571
13 years$8,213$7,187$6,273$5,463$4,748$3,918
14 years$7,548$6,532$5,636$4,849$4,162$3,374
15 years$6,972$5,968$5,089$4,325$3,664$2,918
16 years$6,468$5,475$4,614$3,872$3,238$2,532
17 years$6,025$5,042$4,198$3,479$2,871$2,204
18 years$5,631$4,659$3,832$3,135$2,553$1,923
19 years$5,279$4,318$3,508$2,833$2,276$1,681
20 years$4,962$4,013$3,220$2,566$2,033$1,473
21 years$4,676$3,738$2,962$2,329$1,819$1,292
22 years$4,416$3,489$2,730$2,117$1,631$1,135
23 years$4,180$3,263$2,520$1,928$1,464$999
24 years$3,963$3,057$2,331$1,759$1,316$879
25 years$3,764$2,869$2,159$1,606$1,184$775
26 years$3,581$2,697$2,002$1,469$1,066$684
27 years$3,411$2,538$1,859$1,344$961$603
28 years$3,254$2,391$1,728$1,232$867$533
29 years$3,108$2,256$1,608$1,129$783$471
30 years$2,972$2,131$1,498$1,037$708$416
31 years$2,845$2,014$1,397$952$640$368
32 years$2,726$1,906$1,303$875$579$326
33 years$2,615$1,805$1,217$805$524$288
34 years$2,510$1,710$1,137$740$474$255
35 years$2,412$1,622$1,063$681$430$226
36 years$2,319$1,540$994$628$389$200
37 years$2,231$1,463$931$578$353$177
38 years$2,149$1,390$872$533$320$157
39 years$2,070$1,322$817$491$290$139
40 years$1,996$1,257$765$453$263$123
41 years$1,926$1,197$718$418$239$109
42 years$1,859$1,140$673$386$217$97
43 years$1,795$1,086$632$356$197$86
44 years$1,735$1,035$593$329$178$76
45 years$1,677$987$557$304$162$68
46 years$1,622$942$523$281$147$60
47 years$1,570$899$491$259$134$53
48 years$1,519$858$462$240$121$47
49 years$1,471$819$434$221$110$42
50 years$1,425$783$408$205$100$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,460,000, adding $2,975 every year, while hoping to spend $35,249 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: 70/24/6 Blend
45$1,460,000$1,460,000$1,460,000$1,460,000
46$1,611,989$1,534,609$1,511,979$1,723,338
47$1,738,907$1,572,300$1,525,125$1,835,002
48$1,877,589$1,610,657$1,537,531$1,952,508
49$2,029,199$1,649,674$1,549,134$2,080,106
50$2,195,015$1,689,346$1,559,868$2,218,778
51$2,376,449$1,729,666$1,569,665$2,369,604
52$2,575,051$1,770,624$1,578,453$2,533,776
53$2,792,531$1,812,209$1,586,156$2,712,605
54$3,030,771$1,854,409$1,592,694$2,907,534
55$3,291,843$1,897,209$1,597,983$3,120,154
56$3,578,031$1,940,592$1,601,936$3,352,215
57$3,891,848$1,984,539$1,604,458$3,605,647
58$4,236,063$2,029,029$1,605,455$3,882,575
59$4,613,727$2,074,037$1,604,823$4,185,338
60$5,028,199$2,119,536$1,602,456$4,516,516
61$5,483,178$2,165,496$1,598,241$4,878,947
62$5,982,742$2,211,885$1,592,062$5,275,761
63$6,531,380$2,258,665$1,583,794$5,710,406
64$7,134,038$2,305,798$1,573,309$6,186,678
65$7,796,166$2,353,238$1,560,471$6,708,761
66$8,523,767$2,400,938$1,545,138$7,281,266
67$9,323,453$2,448,846$1,527,162$7,909,272
68$10,202,511$2,496,905$1,506,388$8,598,375
69$11,168,966$2,545,053$1,482,651$9,354,742
70$12,231,662$2,593,222$1,455,781$10,185,166
71$13,400,343$2,641,341$1,425,601$11,097,134
72$14,685,742$2,689,331$1,391,923$12,098,896
73$16,099,686$2,737,107$1,354,551$13,199,542
74$17,655,207$2,784,578$1,313,281$14,409,088
75$19,366,662$2,831,645$1,267,900$15,738,573
76$21,249,869$2,878,204$1,218,182$17,200,157
77$23,322,260$2,924,140$1,163,895$18,807,245
78$25,603,039$2,969,331$1,104,794$20,574,606
79$28,113,368$3,013,647$1,040,624$22,518,514
80$30,876,562$3,056,947$971,116$24,656,905
81$33,918,316$3,099,082$895,992$27,009,543
82$37,266,936$3,139,889$814,960$29,598,207
83$40,953,618$3,179,198$727,716$32,446,898
84$45,012,734$3,216,826$633,941$35,582,065
85$49,482,157$3,252,575$533,303$39,032,855
86$54,403,623$3,286,236$425,454$42,831,387
87$59,823,118$3,317,587$310,032$47,013,058
88$65,791,317$3,346,390$186,659$51,616,876
89$72,364,058$3,372,390$54,939$56,685,826
90$79,602,874$3,395,319$0$62,267,279
91$87,575,565$3,414,887$0$68,418,923
92$96,356,846$3,430,791$0$75,196,914
93$106,029,049$3,442,703$0$82,661,161
94$116,682,895$3,450,280$0$90,881,559
95$128,418,359$3,453,152$0$99,935,137
96$141,345,606$3,450,930$0$109,906,777
97$155,586,031$3,443,199$0$120,890,020
98$171,273,410$3,429,520$0$132,987,949
99$188,555,156$3,409,425$0$146,314,161
100$207,593,714$3,382,418$0$160,993,843