Can I retire at age 46 with 920,000?

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 $920,000?

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$75,973$75,296$74,636$73,991$73,362$72,536
2 years$37,610$36,910$36,231$35,573$34,934$34,102
3 years$24,824$24,121$23,444$22,792$22,164$21,352
4 years$18,433$17,731$17,061$16,420$15,807$15,022
5 years$14,599$13,902$13,240$12,612$12,017$11,260
6 years$12,044$11,352$10,700$10,086$9,508$8,782
7 years$10,219$9,533$8,892$8,292$7,733$7,036
8 years$8,852$8,172$7,541$6,956$6,415$5,749
9 years$7,788$7,115$6,495$5,925$5,402$4,766
10 years$6,938$6,271$5,662$5,108$4,603$3,996
11 years$6,243$5,583$4,985$4,445$3,959$3,380
12 years$5,664$5,011$4,424$3,899$3,431$2,880
13 years$5,175$4,529$3,953$3,442$2,992$2,469
14 years$4,756$4,116$3,552$3,056$2,622$2,126
15 years$4,393$3,760$3,207$2,725$2,309$1,839
16 years$4,076$3,450$2,907$2,440$2,041$1,596
17 years$3,796$3,177$2,645$2,192$1,809$1,389
18 years$3,548$2,936$2,415$1,976$1,609$1,212
19 years$3,326$2,721$2,211$1,785$1,434$1,059
20 years$3,127$2,529$2,029$1,617$1,281$928
21 years$2,947$2,355$1,866$1,467$1,146$814
22 years$2,783$2,199$1,720$1,334$1,027$715
23 years$2,634$2,056$1,588$1,215$922$629
24 years$2,497$1,927$1,469$1,108$829$554
25 years$2,372$1,808$1,360$1,012$746$488
26 years$2,256$1,699$1,262$925$672$431
27 years$2,150$1,599$1,172$847$606$380
28 years$2,050$1,507$1,089$776$547$336
29 years$1,958$1,422$1,014$712$494$297
30 years$1,873$1,343$944$653$446$262
31 years$1,793$1,269$880$600$403$232
32 years$1,718$1,201$821$551$365$205
33 years$1,648$1,137$767$507$330$182
34 years$1,582$1,078$716$466$299$161
35 years$1,520$1,022$670$429$271$142
36 years$1,461$970$627$395$245$126
37 years$1,406$922$586$364$222$112
38 years$1,354$876$549$336$202$99
39 years$1,305$833$515$310$183$88
40 years$1,258$792$482$286$166$78
41 years$1,213$754$452$264$150$69
42 years$1,171$718$424$243$136$61
43 years$1,131$684$398$224$124$54
44 years$1,093$652$374$207$112$48
45 years$1,057$622$351$191$102$43
46 years$1,022$593$330$177$93$38
47 years$989$566$310$163$84$34
48 years$957$541$291$151$76$30
49 years$927$516$273$140$69$26
50 years$898$493$257$129$63$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $920,000, adding $3,051 every year, while hoping to spend $20,473 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: 37/43/20 Blend
45$920,000$920,000$920,000$920,000
46$1,016,987$968,227$953,967$1,048,383
47$1,098,937$993,887$964,142$1,097,108
48$1,188,559$1,020,118$973,971$1,147,560
49$1,286,615$1,046,927$983,422$1,201,633
50$1,393,942$1,074,319$992,460$1,259,667
51$1,511,464$1,102,301$1,001,047$1,322,031
52$1,640,197$1,130,876$1,009,145$1,389,135
53$1,781,259$1,160,051$1,016,713$1,461,428
54$1,935,882$1,189,829$1,023,708$1,539,406
55$2,105,425$1,220,213$1,030,085$1,623,615
56$2,291,381$1,251,207$1,035,796$1,714,655
57$2,495,398$1,282,812$1,040,792$1,813,189
58$2,719,290$1,315,031$1,045,019$1,919,947
59$2,965,052$1,347,862$1,048,422$2,035,730
60$3,234,888$1,381,307$1,050,944$2,161,425
61$3,531,219$1,415,364$1,052,524$2,298,007
62$3,856,717$1,450,031$1,053,097$2,446,551
63$4,214,323$1,485,304$1,052,597$2,608,240
64$4,607,278$1,521,177$1,050,953$2,784,379
65$5,039,152$1,557,647$1,048,091$2,976,406
66$5,513,878$1,594,704$1,043,934$3,185,905
67$6,035,789$1,632,339$1,038,402$3,414,623
68$6,609,659$1,670,544$1,031,408$3,664,483
69$7,240,748$1,709,304$1,022,863$3,937,607
70$7,934,850$1,748,605$1,012,675$4,236,331
71$8,698,350$1,788,432$1,000,745$4,563,231
72$9,538,283$1,828,767$986,971$4,921,147
73$10,462,399$1,869,588$971,246$5,313,206
74$11,479,238$1,910,872$953,457$5,742,858
75$12,598,209$1,952,594$933,487$6,213,903
76$13,829,680$1,994,725$911,213$6,730,530
77$15,185,075$2,037,233$886,505$7,297,356
78$16,676,980$2,080,085$859,231$7,919,471
79$18,319,265$2,123,242$829,248$8,602,483
80$20,127,211$2,166,662$796,409$9,352,574
81$22,117,659$2,210,301$760,561$10,176,559
82$24,309,162$2,254,108$721,542$11,081,947
83$26,722,168$2,298,030$679,185$12,077,015
84$29,379,204$2,342,009$633,313$13,170,888
85$32,305,096$2,385,981$583,742$14,373,621
86$35,527,200$2,429,878$530,281$15,696,298
87$39,075,658$2,473,625$472,729$17,151,134
88$42,983,686$2,517,144$410,877$18,751,594
89$47,287,886$2,560,348$344,505$20,512,518
90$52,028,590$2,603,145$273,386$22,450,262
91$57,250,242$2,645,435$197,280$24,582,854
92$63,001,817$2,687,111$115,939$26,930,162
93$69,337,282$2,728,059$29,103$29,514,088
94$76,316,107$2,768,156$0$32,358,766
95$84,003,824$2,807,270$0$35,504,366
96$92,472,648$2,845,260$0$38,974,151
97$101,802,155$2,881,975$0$42,794,283
98$112,080,038$2,917,254$0$47,000,443
99$123,402,927$2,950,925$0$51,631,954
100$135,877,308$2,982,803$0$56,732,152