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%11.3%
1 years$78,450$77,751$77,070$76,404$75,754$75,340
2 years$38,837$38,113$37,412$36,733$36,073$35,656
3 years$25,634$24,908$24,208$23,535$22,887$22,478
4 years$19,034$18,310$17,617$16,956$16,323$15,926
5 years$15,075$14,355$13,672$13,024$12,408$12,025
6 years$12,436$11,722$11,049$10,415$9,818$9,449
7 years$10,552$9,844$9,182$8,563$7,985$7,630
8 years$9,140$8,438$7,787$7,183$6,624$6,284
9 years$8,042$7,347$6,707$6,118$5,579$5,252
10 years$7,165$6,476$5,847$5,274$4,753$4,441
11 years$6,447$5,765$5,148$4,590$4,088$3,789
12 years$5,849$5,175$4,568$4,026$3,543$3,257
13 years$5,344$4,676$4,082$3,554$3,089$2,817
14 years$4,911$4,251$3,667$3,155$2,708$2,449
15 years$4,536$3,883$3,311$2,814$2,384$2,138
16 years$4,209$3,563$3,002$2,520$2,107$1,873
17 years$3,920$3,281$2,732$2,264$1,868$1,646
18 years$3,664$3,032$2,494$2,040$1,661$1,450
19 years$3,435$2,810$2,283$1,843$1,481$1,281
20 years$3,229$2,611$2,095$1,670$1,323$1,134
21 years$3,043$2,432$1,927$1,515$1,184$1,005
22 years$2,874$2,270$1,776$1,378$1,061$892
23 years$2,720$2,123$1,640$1,255$952$793
24 years$2,579$1,989$1,517$1,144$856$706
25 years$2,449$1,867$1,405$1,045$770$629
26 years$2,330$1,755$1,303$956$694$561
27 years$2,220$1,651$1,210$875$626$501
28 years$2,117$1,556$1,125$801$564$447
29 years$2,022$1,468$1,047$735$510$400
30 years$1,934$1,386$975$674$461$357
31 years$1,851$1,311$909$619$416$320
32 years$1,774$1,240$848$569$377$286
33 years$1,701$1,174$792$523$341$256
34 years$1,633$1,113$740$482$309$230
35 years$1,569$1,056$692$443$280$206
36 years$1,509$1,002$647$408$253$184
37 years$1,452$952$606$376$230$165
38 years$1,398$904$567$347$208$148
39 years$1,347$860$531$320$189$133
40 years$1,299$818$498$295$171$119
41 years$1,253$779$467$272$155$107
42 years$1,209$742$438$251$141$96
43 years$1,168$707$411$232$128$86
44 years$1,129$674$386$214$116$77
45 years$1,091$642$362$198$105$69
46 years$1,055$613$340$183$96$62
47 years$1,021$585$320$169$87$56
48 years$989$558$300$156$79$50
49 years$957$533$282$144$72$45
50 years$928$509$265$133$65$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $950,000, adding $6,707 every year, while hoping to spend $52,089 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: 52/31/17 Blend
45$950,000$950,000$950,000$950,000
46$1,053,818$1,003,468$988,743$1,103,404
47$1,105,885$997,216$966,444$1,131,898
48$1,161,518$988,911$941,652$1,156,850
49$1,221,024$978,399$914,228$1,182,846
50$1,284,742$965,514$884,028$1,210,000
51$1,353,043$950,082$850,901$1,238,442
52$1,426,334$931,917$814,687$1,268,318
53$1,505,063$910,824$775,222$1,299,790
54$1,589,719$886,594$732,331$1,333,041
55$1,680,841$859,007$685,835$1,368,278
56$1,779,020$827,832$635,544$1,405,730
57$1,884,905$792,821$581,260$1,445,655
58$1,999,210$753,714$522,776$1,488,340
59$2,122,719$710,235$459,878$1,534,107
60$2,256,292$662,092$392,340$1,583,315
61$2,400,877$608,978$319,927$1,636,367
62$2,557,515$550,567$242,393$1,693,708
63$2,727,350$486,513$159,482$1,755,839
64$2,911,640$416,453$70,925$1,823,315
65$3,111,771$340,002$0$1,896,756
66$3,329,263$256,754$0$1,981,127
67$3,565,793$166,280$0$2,086,927
68$3,823,203$68,127$0$2,202,184
69$4,103,520$0$0$2,327,905
70$4,408,975$0$0$2,478,228
71$4,742,024$0$0$2,667,558
72$5,105,369$0$0$2,874,200
73$5,501,985$0$0$3,099,858
74$5,935,145$0$0$3,346,406
75$6,408,454$0$0$3,615,909
76$6,925,880$0$0$3,910,639
77$7,491,792$0$0$4,233,097
78$8,111,001$0$0$4,586,038
79$8,788,802$0$0$4,972,496
80$9,531,030$0$0$5,395,811
81$10,344,107$0$0$5,859,663
82$11,235,106$0$0$6,368,101
83$12,211,818$0$0$6,925,589
84$13,282,823$0$0$7,537,041
85$14,457,570$0$0$8,207,870
86$15,746,468$0$0$8,944,038
87$17,160,983$0$0$9,752,113
88$18,713,741$0$0$10,639,328
89$20,418,654$0$0$11,613,653
90$22,291,046$0$0$12,683,867
91$24,347,797$0$0$13,859,639
92$26,607,504$0$0$15,151,623
93$29,090,651$0$0$16,571,557
94$31,819,809$0$0$18,132,369
95$34,819,841$0$0$19,848,306
96$38,118,141$0$0$21,735,060
97$41,744,887$0$0$23,809,924
98$45,733,331$0$0$26,091,947
99$50,120,105$0$0$28,602,119
100$54,945,572$0$0$31,363,566