Can I retire at age 46 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$69,366$68,749$68,146$67,557$66,983$64,813
2 years$34,340$33,700$33,080$32,479$31,897$29,731
3 years$22,666$22,023$21,405$20,810$20,236$18,143
4 years$16,830$16,190$15,578$14,992$14,433$12,427
5 years$13,329$12,693$12,089$11,516$10,972$9,059
6 years$10,996$10,365$9,770$9,209$8,681$6,864
7 years$9,331$8,704$8,119$7,571$7,060$5,338
8 years$8,082$7,461$6,885$6,351$5,857$4,229
9 years$7,111$6,496$5,930$5,410$4,933$3,396
10 years$6,335$5,726$5,170$4,663$4,203$2,755
11 years$5,700$5,098$4,552$4,059$3,615$2,254
12 years$5,172$4,575$4,039$3,560$3,132$1,855
13 years$4,725$4,135$3,609$3,143$2,731$1,535
14 years$4,342$3,758$3,243$2,790$2,394$1,275
15 years$4,011$3,433$2,928$2,488$2,108$1,063
16 years$3,722$3,150$2,654$2,228$1,863$889
17 years$3,466$2,901$2,415$2,002$1,652$744
18 years$3,240$2,681$2,205$1,804$1,469$625
19 years$3,037$2,484$2,019$1,630$1,309$525
20 years$2,855$2,309$1,853$1,476$1,169$442
21 years$2,690$2,150$1,704$1,340$1,047$372
22 years$2,541$2,007$1,570$1,218$938$314
23 years$2,405$1,877$1,450$1,109$842$265
24 years$2,280$1,759$1,341$1,012$757$224
25 years$2,166$1,651$1,242$924$681$189
26 years$2,060$1,551$1,152$845$613$160
27 years$1,963$1,460$1,070$773$553$135
28 years$1,872$1,376$994$709$499$114
29 years$1,788$1,298$925$650$451$97
30 years$1,710$1,226$862$596$407$82
31 years$1,637$1,159$804$548$368$69
32 years$1,568$1,096$750$503$333$59
33 years$1,504$1,038$700$463$301$50
34 years$1,444$984$654$426$273$42
35 years$1,387$933$612$392$247$36
36 years$1,334$886$572$361$224$30
37 years$1,284$841$535$333$203$26
38 years$1,236$800$501$307$184$22
39 years$1,191$760$470$283$167$18
40 years$1,148$723$440$261$151$16
41 years$1,108$689$413$241$137$13
42 years$1,069$656$387$222$125$11
43 years$1,033$625$363$205$113$9
44 years$998$596$341$189$103$8
45 years$965$568$320$175$93$7
46 years$933$542$301$161$85$6
47 years$903$517$283$149$77$5
48 years$874$494$266$138$70$4
49 years$847$471$250$127$63$4
50 years$820$450$235$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $840,000, adding $6,343 every year, while hoping to spend $55,250 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: 80/6/14 Blend
45$840,000$840,000$840,000$840,000
46$932,223$887,703$874,683$1,003,694
47$968,524$872,415$845,199$1,036,298
48$1,006,676$854,526$812,876$1,064,295
49$1,046,810$833,850$777,560$1,093,436
50$1,089,067$810,191$739,091$1,123,810
51$1,133,601$783,340$697,300$1,155,517
52$1,180,583$753,078$652,013$1,188,665
53$1,230,193$719,170$603,047$1,223,376
54$1,282,634$681,370$550,210$1,259,783
55$1,338,123$639,418$493,302$1,298,033
56$1,396,898$593,036$432,115$1,338,288
57$1,459,221$541,934$366,430$1,380,730
58$1,525,375$485,803$296,019$1,425,556
59$1,595,673$424,316$220,645$1,472,987
60$1,670,454$357,130$140,060$1,523,266
61$1,750,092$283,881$54,003$1,576,660
62$1,834,994$204,184$0$1,633,466
63$1,925,608$117,633$0$1,699,665
64$2,022,423$23,800$0$1,778,942
65$2,125,975$0$0$1,863,667
66$2,236,854$0$0$1,959,463
67$2,355,704$0$0$2,063,846
68$2,483,234$0$0$2,175,869
69$2,620,220$0$0$2,296,215
70$2,767,515$0$0$2,425,637
71$2,926,055$0$0$2,564,958
72$3,096,868$0$0$2,715,086
73$3,281,083$0$0$2,877,014
74$3,479,941$0$0$3,051,836
75$3,694,805$0$0$3,240,753
76$3,927,171$0$0$3,445,085
77$4,178,687$0$0$3,666,283
78$4,451,163$0$0$3,905,941
79$4,746,588$0$0$4,165,814
80$5,067,150$0$0$4,447,831
81$5,415,257$0$0$4,754,111
82$5,793,555$0$0$5,086,990
83$6,204,957$0$0$5,449,032
84$6,652,666$0$0$5,843,063
85$7,140,208$0$0$6,272,190
86$7,671,462$0$0$6,739,830
87$8,250,697$0$0$7,249,749
88$8,882,611$0$0$7,806,086
89$9,572,376$0$0$8,413,401
90$10,325,685$0$0$9,076,712
91$11,148,804$0$0$9,801,542
92$12,048,634$0$0$10,593,974
93$13,032,770$0$0$11,460,703
94$14,109,576$0$0$12,409,102
95$15,288,261$0$0$13,447,289
96$16,578,966$0$0$14,584,203
97$17,992,860$0$0$15,829,689
98$19,542,240$0$0$17,194,589
99$21,240,651$0$0$18,690,842
100$23,103,011$0$0$20,331,598