Can I retire at age 46 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$73,495$72,841$72,202$71,579$70,970$70,375
2 years$36,384$35,706$35,050$34,413$33,795$33,196
3 years$24,015$23,334$22,679$22,049$21,441$20,856
4 years$17,832$17,153$16,505$15,885$15,292$14,725
5 years$14,123$13,448$12,808$12,201$11,625$11,078
6 years$11,651$10,982$10,351$9,757$9,198$8,672
7 years$9,886$9,222$8,602$8,022$7,481$6,975
8 years$8,563$7,905$7,295$6,729$6,206$5,722
9 years$7,534$6,883$6,283$5,732$5,226$4,763
10 years$6,712$6,067$5,478$4,941$4,453$4,010
11 years$6,040$5,401$4,823$4,300$3,830$3,407
12 years$5,480$4,848$4,280$3,772$3,319$2,916
13 years$5,006$4,381$3,824$3,330$2,894$2,511
14 years$4,601$3,982$3,436$2,956$2,537$2,173
15 years$4,250$3,638$3,102$2,636$2,234$1,888
16 years$3,943$3,338$2,812$2,360$1,974$1,646
17 years$3,673$3,074$2,559$2,121$1,750$1,440
18 years$3,432$2,840$2,336$1,911$1,556$1,262
19 years$3,218$2,632$2,139$1,727$1,387$1,109
20 years$3,025$2,446$1,963$1,564$1,239$977
21 years$2,851$2,278$1,805$1,420$1,109$861
22 years$2,692$2,127$1,664$1,291$994$761
23 years$2,548$1,989$1,536$1,175$892$673
24 years$2,416$1,864$1,421$1,072$802$596
25 years$2,295$1,749$1,316$979$722$528
26 years$2,183$1,644$1,221$895$650$468
27 years$2,079$1,547$1,133$819$586$416
28 years$1,984$1,458$1,054$751$529$369
29 years$1,895$1,375$980$688$477$328
30 years$1,812$1,299$913$632$431$292
31 years$1,734$1,228$851$580$390$259
32 years$1,662$1,162$794$533$353$231
33 years$1,594$1,100$742$490$319$206
34 years$1,530$1,043$693$451$289$183
35 years$1,470$989$648$415$262$163
36 years$1,414$939$606$383$237$145
37 years$1,360$892$567$352$215$129
38 years$1,310$847$531$325$195$115
39 years$1,262$806$498$300$177$103
40 years$1,217$767$467$276$160$92
41 years$1,174$730$437$255$145$82
42 years$1,133$695$410$235$132$73
43 years$1,094$662$385$217$120$65
44 years$1,057$631$361$201$109$58
45 years$1,022$602$339$185$99$52
46 years$989$574$319$171$90$46
47 years$957$548$299$158$81$41
48 years$926$523$281$146$74$37
49 years$897$499$265$135$67$33
50 years$869$477$249$125$61$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $890,000, adding $5,280 every year, while hoping to spend $46,278 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: 29/47/24 Blend
45$890,000$890,000$890,000$890,000
46$986,226$939,056$925,261$1,007,333
47$1,037,582$935,831$907,018$1,020,946
48$1,092,625$930,896$886,613$1,031,137
49$1,151,682$924,119$863,924$1,041,138
50$1,215,113$915,361$838,825$1,050,966
51$1,283,312$904,470$811,182$1,060,638
52$1,356,711$891,290$780,858$1,070,182
53$1,435,785$875,654$747,707$1,079,630
54$1,521,057$857,382$711,577$1,089,024
55$1,613,099$836,289$672,309$1,098,416
56$1,712,542$812,173$629,738$1,107,868
57$1,820,078$784,826$583,691$1,117,454
58$1,936,467$754,024$533,985$1,127,263
59$2,062,546$719,531$480,434$1,137,398
60$2,199,235$681,097$422,837$1,147,983
61$2,347,545$638,459$360,990$1,159,158
62$2,508,588$591,337$294,677$1,171,088
63$2,683,588$539,436$223,673$1,183,964
64$2,873,890$482,445$147,742$1,198,003
65$3,080,975$420,033$66,640$1,213,455
66$3,306,472$351,852$0$1,230,606
67$3,552,174$277,535$0$1,254,880
68$3,820,053$196,691$0$1,300,090
69$4,112,281$108,912$0$1,349,645
70$4,431,248$13,763$0$1,404,094
71$4,779,584$0$0$1,464,051
72$5,160,186$0$0$1,576,344
73$5,576,240$0$0$1,707,015
74$6,031,259$0$0$1,850,066
75$6,529,106$0$0$2,006,730
76$7,074,037$0$0$2,178,364
77$7,670,738$0$0$2,366,464
78$8,324,370$0$0$2,572,676
79$9,040,616$0$0$2,798,813
80$9,825,735$0$0$3,046,874
81$10,686,619$0$0$3,319,059
82$11,630,861$0$0$3,617,790
83$12,666,824$0$0$3,945,738
84$13,803,717$0$0$4,305,844
85$15,051,688$0$0$4,701,345
86$16,421,911$0$0$5,135,812
87$17,926,698$0$0$5,613,174
88$19,579,610$0$0$6,137,762
89$21,395,587$0$0$6,714,349
90$23,391,088$0$0$7,348,188
91$25,584,245$0$0$8,045,073
92$27,995,032$0$0$8,811,381
93$30,645,458$0$0$9,654,143
94$33,559,767$0$0$10,581,103
95$36,764,673$0$0$11,600,793
96$40,289,605$0$0$12,722,614
97$44,166,992$0$0$13,956,926
98$48,432,559$0$0$15,315,140
99$53,125,671$0$0$16,809,832
100$58,289,700$0$0$18,454,858