Can I retire at age 46 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$78,450$77,751$77,070$76,404$75,754$75,245
2 years$38,837$38,113$37,412$36,733$36,073$35,560
3 years$25,634$24,908$24,208$23,535$22,887$22,385
4 years$19,034$18,310$17,617$16,956$16,323$15,837
5 years$15,075$14,355$13,672$13,024$12,408$11,939
6 years$12,436$11,722$11,049$10,415$9,818$9,366
7 years$10,552$9,844$9,182$8,563$7,985$7,551
8 years$9,140$8,438$7,787$7,183$6,624$6,208
9 years$8,042$7,347$6,707$6,118$5,579$5,179
10 years$7,165$6,476$5,847$5,274$4,753$4,371
11 years$6,447$5,765$5,148$4,590$4,088$3,723
12 years$5,849$5,175$4,568$4,026$3,543$3,195
13 years$5,344$4,676$4,082$3,554$3,089$2,758
14 years$4,911$4,251$3,667$3,155$2,708$2,392
15 years$4,536$3,883$3,311$2,814$2,384$2,084
16 years$4,209$3,563$3,002$2,520$2,107$1,822
17 years$3,920$3,281$2,732$2,264$1,868$1,598
18 years$3,664$3,032$2,494$2,040$1,661$1,405
19 years$3,435$2,810$2,283$1,843$1,481$1,239
20 years$3,229$2,611$2,095$1,670$1,323$1,094
21 years$3,043$2,432$1,927$1,515$1,184$967
22 years$2,874$2,270$1,776$1,378$1,061$857
23 years$2,720$2,123$1,640$1,255$952$760
24 years$2,579$1,989$1,517$1,144$856$675
25 years$2,449$1,867$1,405$1,045$770$600
26 years$2,330$1,755$1,303$956$694$534
27 years$2,220$1,651$1,210$875$626$475
28 years$2,117$1,556$1,125$801$564$424
29 years$2,022$1,468$1,047$735$510$378
30 years$1,934$1,386$975$674$461$337
31 years$1,851$1,311$909$619$416$301
32 years$1,774$1,240$848$569$377$268
33 years$1,701$1,174$792$523$341$240
34 years$1,633$1,113$740$482$309$214
35 years$1,569$1,056$692$443$280$191
36 years$1,509$1,002$647$408$253$171
37 years$1,452$952$606$376$230$153
38 years$1,398$904$567$347$208$137
39 years$1,347$860$531$320$189$122
40 years$1,299$818$498$295$171$110
41 years$1,253$779$467$272$155$98
42 years$1,209$742$438$251$141$88
43 years$1,168$707$411$232$128$79
44 years$1,129$674$386$214$116$70
45 years$1,091$642$362$198$105$63
46 years$1,055$613$340$183$96$56
47 years$1,021$585$320$169$87$50
48 years$989$558$300$156$79$45
49 years$957$533$282$144$72$40
50 years$928$509$265$133$65$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $950,000, adding $3,807 every year, while hoping to spend $46,684 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: 26/49/25 Blend
45$950,000$950,000$950,000$950,000
46$1,050,827$1,000,477$985,752$1,069,800
47$1,108,340$999,829$969,103$1,084,802
48$1,170,154$997,584$950,332$1,096,601
49$1,236,660$993,616$929,318$1,108,282
50$1,308,285$987,788$905,936$1,119,865
51$1,385,498$979,958$880,052$1,131,377
52$1,468,815$969,973$851,531$1,142,852
53$1,558,804$957,671$820,227$1,154,331
54$1,656,087$942,882$785,989$1,165,868
55$1,761,349$925,424$748,661$1,177,524
56$1,875,342$905,105$708,077$1,189,374
57$1,998,894$881,723$664,064$1,201,505
58$2,132,915$855,061$616,444$1,214,022
59$2,278,405$824,892$565,028$1,227,045
60$2,436,465$790,974$509,619$1,240,716
61$2,608,306$753,053$450,013$1,255,197
62$2,795,259$710,858$385,994$1,270,676
63$2,998,789$664,105$317,339$1,287,368
64$3,220,510$612,490$243,814$1,305,519
65$3,462,196$555,696$165,175$1,325,412
66$3,725,799$493,384$81,167$1,347,366
67$4,013,469$425,198$0$1,371,746
68$4,327,572$350,762$0$1,401,227
69$4,670,712$269,677$0$1,457,267
70$5,045,757$181,524$0$1,518,795
71$5,455,864$85,858$0$1,586,489
72$5,904,507$0$0$1,661,102
73$6,395,515$0$0$1,753,067
74$6,933,102$0$0$1,904,596
75$7,521,907$0$0$2,070,722
76$8,167,042$0$0$2,252,905
77$8,874,135$0$0$2,452,757
78$9,649,384$0$0$2,672,051
79$10,499,615$0$0$2,912,740
80$11,432,350$0$0$3,176,975
81$12,455,869$0$0$3,467,127
82$13,579,296$0$0$3,785,807
83$14,812,679$0$0$4,135,891
84$16,167,089$0$0$4,520,547
85$17,654,719$0$0$4,943,266
86$19,289,004$0$0$5,407,893
87$21,084,740$0$0$5,918,666
88$23,058,232$0$0$6,480,251
89$25,227,440$0$0$7,097,791
90$27,612,151$0$0$7,776,951
91$30,234,165$0$0$8,523,974
92$33,117,500$0$0$9,345,738
93$36,288,618$0$0$10,249,820
94$39,776,674$0$0$11,244,568
95$43,613,790$0$0$12,339,183
96$47,835,359$0$0$13,543,800
97$52,480,375$0$0$14,869,587
98$57,591,807$0$0$16,328,851
99$63,216,995$0$0$17,935,151
100$69,408,103$0$0$19,703,427