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%16.9%
1 years$78,450$77,751$77,070$76,404$75,754$73,625
2 years$38,837$38,113$37,412$36,733$36,073$33,944
3 years$25,634$24,908$24,208$23,535$22,887$20,824
4 years$19,034$18,310$17,617$16,956$16,323$14,343
5 years$15,075$14,355$13,672$13,024$12,408$10,517
6 years$12,436$11,722$11,049$10,415$9,818$8,017
7 years$10,552$9,844$9,182$8,563$7,985$6,274
8 years$9,140$8,438$7,787$7,183$6,624$5,002
9 years$8,042$7,347$6,707$6,118$5,579$4,044
10 years$7,165$6,476$5,847$5,274$4,753$3,304
11 years$6,447$5,765$5,148$4,590$4,088$2,722
12 years$5,849$5,175$4,568$4,026$3,543$2,257
13 years$5,344$4,676$4,082$3,554$3,089$1,881
14 years$4,911$4,251$3,667$3,155$2,708$1,575
15 years$4,536$3,883$3,311$2,814$2,384$1,323
16 years$4,209$3,563$3,002$2,520$2,107$1,115
17 years$3,920$3,281$2,732$2,264$1,868$941
18 years$3,664$3,032$2,494$2,040$1,661$797
19 years$3,435$2,810$2,283$1,843$1,481$675
20 years$3,229$2,611$2,095$1,670$1,323$573
21 years$3,043$2,432$1,927$1,515$1,184$487
22 years$2,874$2,270$1,776$1,378$1,061$414
23 years$2,720$2,123$1,640$1,255$952$353
24 years$2,579$1,989$1,517$1,144$856$300
25 years$2,449$1,867$1,405$1,045$770$256
26 years$2,330$1,755$1,303$956$694$218
27 years$2,220$1,651$1,210$875$626$186
28 years$2,117$1,556$1,125$801$564$159
29 years$2,022$1,468$1,047$735$510$136
30 years$1,934$1,386$975$674$461$116
31 years$1,851$1,311$909$619$416$99
32 years$1,774$1,240$848$569$377$85
33 years$1,701$1,174$792$523$341$72
34 years$1,633$1,113$740$482$309$62
35 years$1,569$1,056$692$443$280$53
36 years$1,509$1,002$647$408$253$45
37 years$1,452$952$606$376$230$39
38 years$1,398$904$567$347$208$33
39 years$1,347$860$531$320$189$28
40 years$1,299$818$498$295$171$24
41 years$1,253$779$467$272$155$21
42 years$1,209$742$438$251$141$18
43 years$1,168$707$411$232$128$15
44 years$1,129$674$386$214$116$13
45 years$1,091$642$362$198$105$11
46 years$1,055$613$340$183$96$9
47 years$1,021$585$320$169$87$8
48 years$989$558$300$156$79$7
49 years$957$533$282$144$72$6
50 years$928$509$265$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $950,000, adding $6,475 every year, while hoping to spend $50,763 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: 71/12/17 Blend
45$950,000$950,000$950,000$950,000
46$1,053,579$1,003,229$988,504$1,123,742
47$1,107,033$998,376$967,607$1,166,380
48$1,164,237$991,583$944,309$1,206,333
49$1,225,522$982,703$918,476$1,248,774
50$1,291,247$971,578$889,967$1,293,941
51$1,361,809$958,040$858,636$1,342,098
52$1,437,642$941,912$824,329$1,393,536
53$1,519,223$923,008$786,886$1,448,575
54$1,607,077$901,128$746,139$1,507,572
55$1,701,777$876,062$701,913$1,570,920
56$1,803,957$847,587$654,026$1,639,052
57$1,914,309$815,468$602,285$1,712,450
58$2,033,598$779,455$546,490$1,791,642
59$2,162,661$739,284$486,434$1,877,217
60$2,302,420$694,677$421,897$1,969,820
61$2,453,888$645,337$352,652$2,070,169
62$2,618,180$590,954$278,460$2,179,053
63$2,796,520$531,196$199,074$2,297,348
64$2,990,256$465,716$114,235$2,426,017
65$3,200,871$394,145$23,670$2,566,127
66$3,429,995$316,094$0$2,718,856
67$3,679,423$231,151$0$2,898,742
68$3,951,129$138,882$0$3,099,425
69$4,247,285$38,828$0$3,318,250
70$4,570,284$0$0$3,557,026
71$4,922,756$0$0$3,826,925
72$5,307,600$0$0$4,127,255
73$5,728,003$0$0$4,455,383
74$6,187,476$0$0$4,814,055
75$6,689,885$0$0$5,206,294
76$7,239,485$0$0$5,635,430
77$7,840,962$0$0$6,105,128
78$8,499,476$0$0$6,619,424
79$9,220,709$0$0$7,182,763
80$10,010,917$0$0$7,800,039
81$10,876,993$0$0$8,476,643
82$11,826,524$0$0$9,218,513
83$12,867,869$0$0$10,032,186
84$14,010,236$0$0$10,924,866
85$15,263,764$0$0$11,904,485
86$16,639,623$0$0$12,979,782
87$18,150,117$0$0$14,160,382
88$19,808,799$0$0$15,456,888
89$21,630,598$0$0$16,880,980
90$23,631,962$0$0$18,445,525
91$25,831,009$0$0$20,164,699
92$28,247,700$0$0$22,054,117
93$30,904,023$0$0$24,130,983
94$33,824,206$0$0$26,414,251
95$37,034,938$0$0$28,924,802
96$40,565,626$0$0$31,685,642
97$44,448,668$0$0$34,722,120
98$48,719,759$0$0$38,062,161
99$53,418,226$0$0$41,736,536
100$58,587,402$0$0$45,779,146