Can I retire at age 46 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$77,624$76,933$76,258$75,600$74,957$73,264
2 years$38,428$37,712$37,019$36,346$35,694$33,997
3 years$25,364$24,645$23,953$23,287$22,646$20,998
4 years$18,834$18,117$17,432$16,777$16,151$14,566
5 years$14,916$14,204$13,528$12,886$12,278$10,759
6 years$12,305$11,599$10,933$10,305$9,715$8,264
7 years$10,441$9,740$9,085$8,473$7,901$6,519
8 years$9,044$8,349$7,705$7,108$6,555$5,240
9 years$7,958$7,270$6,636$6,054$5,520$4,272
10 years$7,089$6,408$5,786$5,219$4,703$3,521
11 years$6,379$5,704$5,094$4,542$4,045$2,927
12 years$5,788$5,120$4,520$3,984$3,505$2,449
13 years$5,288$4,627$4,039$3,517$3,057$2,061
14 years$4,859$4,206$3,629$3,122$2,679$1,742
15 years$4,489$3,842$3,276$2,784$2,359$1,478
16 years$4,165$3,525$2,970$2,493$2,085$1,258
17 years$3,879$3,246$2,703$2,240$1,849$1,073
18 years$3,625$3,000$2,467$2,019$1,644$917
19 years$3,399$2,780$2,259$1,824$1,465$786
20 years$3,195$2,584$2,073$1,652$1,309$674
21 years$3,011$2,406$1,907$1,499$1,171$579
22 years$2,843$2,246$1,757$1,363$1,050$498
23 years$2,691$2,101$1,623$1,242$942$428
24 years$2,552$1,968$1,501$1,132$847$369
25 years$2,423$1,847$1,390$1,034$762$318
26 years$2,305$1,736$1,289$946$687$274
27 years$2,196$1,634$1,197$865$619$237
28 years$2,095$1,540$1,113$793$559$204
29 years$2,001$1,452$1,036$727$504$177
30 years$1,913$1,372$965$667$456$153
31 years$1,832$1,297$899$613$412$132
32 years$1,755$1,227$839$563$373$114
33 years$1,683$1,162$783$518$337$99
34 years$1,616$1,101$732$477$305$85
35 years$1,553$1,045$684$439$277$74
36 years$1,493$991$640$404$251$64
37 years$1,437$942$599$372$227$55
38 years$1,383$895$561$343$206$48
39 years$1,333$851$526$316$187$41
40 years$1,285$810$493$292$169$36
41 years$1,240$771$462$269$154$31
42 years$1,197$734$433$248$139$27
43 years$1,156$699$407$229$127$23
44 years$1,117$667$382$212$115$20
45 years$1,080$636$358$196$104$17
46 years$1,044$606$337$181$95$15
47 years$1,011$579$316$167$86$13
48 years$978$552$297$154$78$11
49 years$947$528$279$143$71$10
50 years$918$504$263$132$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $940,000, adding $6,629 every year, while hoping to spend $30,459 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: 60/26/14 Blend
45$940,000$940,000$940,000$940,000
46$1,042,718$992,898$978,328$1,101,265
47$1,116,667$1,009,142$978,694$1,157,729
48$1,197,138$1,025,161$978,051$1,215,293
49$1,284,764$1,040,911$976,334$1,277,361
50$1,380,242$1,056,348$973,473$1,344,373
51$1,484,338$1,071,420$969,395$1,416,810
52$1,597,896$1,086,076$964,026$1,495,206
53$1,721,845$1,100,257$957,284$1,580,147
54$1,857,207$1,113,904$949,087$1,672,281
55$2,005,108$1,126,950$939,347$1,772,322
56$2,166,786$1,139,328$927,973$1,881,056
57$2,343,606$1,150,963$914,867$1,999,353
58$2,537,069$1,161,776$899,931$2,128,168
59$2,748,830$1,171,683$883,059$2,268,558
60$2,980,710$1,180,594$864,140$2,421,686
61$3,234,713$1,188,414$843,059$2,588,836
62$3,513,048$1,195,041$819,697$2,771,423
63$3,818,149$1,200,367$793,926$2,971,007
64$4,152,692$1,204,278$765,615$3,189,309
65$4,519,630$1,206,650$734,626$3,428,228
66$4,922,211$1,207,355$700,815$3,689,855
67$5,364,016$1,206,254$664,031$3,976,498
68$5,848,986$1,203,201$624,116$4,290,701
69$6,381,464$1,198,041$580,907$4,635,271
70$6,966,237$1,190,607$534,230$5,013,300
71$7,608,572$1,180,726$483,906$5,428,200
72$8,314,277$1,168,212$429,747$5,883,731
73$9,089,747$1,152,869$371,557$6,384,042
74$9,942,028$1,134,486$309,132$6,933,704
75$10,878,884$1,112,845$242,257$7,537,760
76$11,908,866$1,087,711$170,708$8,201,768
77$13,041,397$1,058,835$94,254$8,931,857
78$14,286,858$1,025,956$12,649$9,734,785
79$15,656,686$988,796$0$10,618,001
80$17,163,482$947,061$0$11,600,838
81$18,821,130$900,440$0$12,683,972
82$20,644,928$848,605$0$13,875,536
83$22,651,731$791,207$0$15,186,580
84$24,860,110$727,878$0$16,629,282
85$27,290,527$658,231$0$18,217,066
86$29,965,530$581,853$0$19,964,727
87$32,909,961$498,311$0$21,888,573
88$36,151,195$407,145$0$24,006,579
89$39,719,393$307,872$0$26,338,556
90$43,647,792$199,978$0$28,906,338
91$47,973,014$82,924$0$31,733,994
92$52,735,413$0$0$34,848,048
93$57,979,454$0$0$38,290,287
94$63,754,137$0$0$42,107,067
95$70,113,451$0$0$46,310,360
96$77,116,892$0$0$50,939,502
97$84,830,017$0$0$56,037,840
98$93,325,069$0$0$61,653,137
99$102,681,651$0$0$67,838,027
100$112,987,483$0$0$74,650,508