Can I retire at age 46 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$76,799$76,114$75,447$74,796$74,160$73,785
2 years$38,019$37,311$36,625$35,959$35,314$34,936
3 years$25,094$24,383$23,699$23,040$22,405$22,035
4 years$18,633$17,924$17,247$16,599$15,979$15,621
5 years$14,757$14,053$13,384$12,749$12,147$11,801
6 years$12,175$11,475$10,816$10,196$9,612$9,278
7 years$10,330$9,637$8,988$8,383$7,817$7,496
8 years$8,948$8,261$7,623$7,032$6,485$6,176
9 years$7,873$7,192$6,566$5,990$5,461$5,166
10 years$7,014$6,340$5,724$5,163$4,653$4,370
11 years$6,311$5,644$5,039$4,493$4,002$3,731
12 years$5,726$5,066$4,472$3,941$3,468$3,209
13 years$5,231$4,578$3,996$3,480$3,024$2,778
14 years$4,808$4,161$3,590$3,089$2,651$2,416
15 years$4,441$3,801$3,241$2,755$2,334$2,111
16 years$4,120$3,488$2,939$2,467$2,063$1,850
17 years$3,838$3,212$2,674$2,216$1,829$1,627
18 years$3,587$2,968$2,441$1,997$1,626$1,435
19 years$3,362$2,751$2,235$1,805$1,450$1,268
20 years$3,161$2,556$2,051$1,634$1,295$1,123
21 years$2,979$2,381$1,887$1,483$1,159$996
22 years$2,813$2,222$1,739$1,349$1,039$885
23 years$2,662$2,079$1,605$1,228$932$788
24 years$2,524$1,948$1,485$1,120$838$702
25 years$2,398$1,828$1,375$1,023$754$626
26 years$2,281$1,718$1,275$935$679$558
27 years$2,173$1,617$1,184$856$612$499
28 years$2,073$1,523$1,101$785$553$446
29 years$1,980$1,437$1,025$719$499$399
30 years$1,893$1,357$954$660$451$357
31 years$1,812$1,283$890$606$408$319
32 years$1,736$1,214$830$557$369$286
33 years$1,665$1,150$775$512$334$256
34 years$1,599$1,090$724$472$302$230
35 years$1,536$1,033$677$434$274$206
36 years$1,477$981$633$400$248$185
37 years$1,421$932$593$368$225$166
38 years$1,369$885$555$339$204$149
39 years$1,319$842$520$313$185$134
40 years$1,271$801$488$289$168$120
41 years$1,227$762$457$266$152$108
42 years$1,184$726$429$246$138$97
43 years$1,144$692$402$227$125$87
44 years$1,105$659$378$210$114$78
45 years$1,068$629$355$194$103$70
46 years$1,033$600$333$179$94$63
47 years$1,000$573$313$165$85$57
48 years$968$547$294$153$77$51
49 years$937$522$276$141$70$46
50 years$908$499$260$130$64$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $930,000, adding $5,062 every year, while hoping to spend $57,187 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: 62/11/27 Blend
45$930,000$930,000$930,000$930,000
46$1,030,081$980,791$966,376$1,086,223
47$1,074,303$968,004$937,904$1,112,148
48$1,121,119$952,673$906,560$1,133,768
49$1,170,733$934,613$872,190$1,156,145
50$1,223,368$913,630$834,628$1,179,364
51$1,279,269$889,515$793,705$1,203,519
52$1,338,701$862,048$749,242$1,228,717
53$1,401,957$830,997$701,050$1,255,080
54$1,469,357$796,116$648,936$1,282,742
55$1,541,251$757,145$592,694$1,311,856
56$1,618,021$713,807$532,111$1,342,594
57$1,700,087$665,813$466,966$1,375,145
58$1,787,911$612,853$397,024$1,409,725
59$1,881,997$554,601$322,044$1,446,573
60$1,982,899$490,715$241,770$1,485,958
61$2,091,225$420,830$155,940$1,528,178
62$2,207,641$344,562$64,275$1,573,569
63$2,332,879$261,504$0$1,622,503
64$2,467,744$171,229$0$1,685,061
65$2,613,118$73,283$0$1,772,430
66$2,769,970$0$0$1,866,680
67$2,939,365$0$0$1,972,453
68$3,122,476$0$0$2,096,433
69$3,320,587$0$0$2,230,626
70$3,535,113$0$0$2,375,998
71$3,767,610$0$0$2,533,610
72$4,019,787$0$0$2,704,629
73$4,293,524$0$0$2,890,339
74$4,590,890$0$0$3,092,151
75$4,914,158$0$0$3,311,619
76$5,265,833$0$0$3,550,450
77$5,648,667$0$0$3,810,525
78$6,065,690$0$0$4,093,912
79$6,520,236$0$0$4,402,889
80$7,015,976$0$0$4,739,960
81$7,556,947$0$0$5,107,883
82$8,147,595$0$0$5,509,695
83$8,792,814$0$0$5,948,737
84$9,497,992$0$0$6,428,689
85$10,269,060$0$0$6,953,601
86$11,112,549$0$0$7,527,933
87$12,035,648$0$0$8,156,596
88$13,046,277$0$0$8,844,999
89$14,153,155$0$0$9,599,097
90$15,365,882$0$0$10,425,447
91$16,695,035$0$0$11,331,274
92$18,152,259$0$0$12,324,531
93$19,750,381$0$0$13,413,981
94$21,503,530$0$0$14,609,274
95$23,427,266$0$0$15,921,039
96$25,538,729$0$0$17,360,985
97$27,856,802$0$0$18,942,010
98$30,402,281$0$0$20,678,320
99$33,198,077$0$0$22,585,568
100$36,269,430$0$0$24,680,993