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%15.2%
1 years$78,450$77,751$77,070$76,404$75,754$74,134
2 years$38,837$38,113$37,412$36,733$36,073$34,449
3 years$25,634$24,908$24,208$23,535$22,887$21,308
4 years$19,034$18,310$17,617$16,956$16,323$14,803
5 years$15,075$14,355$13,672$13,024$12,408$10,952
6 years$12,436$11,722$11,049$10,415$9,818$8,426
7 years$10,552$9,844$9,182$8,563$7,985$6,658
8 years$9,140$8,438$7,787$7,183$6,624$5,361
9 years$8,042$7,347$6,707$6,118$5,579$4,379
10 years$7,165$6,476$5,847$5,274$4,753$3,616
11 years$6,447$5,765$5,148$4,590$4,088$3,011
12 years$5,849$5,175$4,568$4,026$3,543$2,525
13 years$5,344$4,676$4,082$3,554$3,089$2,129
14 years$4,911$4,251$3,667$3,155$2,708$1,803
15 years$4,536$3,883$3,311$2,814$2,384$1,533
16 years$4,209$3,563$3,002$2,520$2,107$1,307
17 years$3,920$3,281$2,732$2,264$1,868$1,117
18 years$3,664$3,032$2,494$2,040$1,661$957
19 years$3,435$2,810$2,283$1,843$1,481$822
20 years$3,229$2,611$2,095$1,670$1,323$707
21 years$3,043$2,432$1,927$1,515$1,184$608
22 years$2,874$2,270$1,776$1,378$1,061$524
23 years$2,720$2,123$1,640$1,255$952$452
24 years$2,579$1,989$1,517$1,144$856$391
25 years$2,449$1,867$1,405$1,045$770$338
26 years$2,330$1,755$1,303$956$694$292
27 years$2,220$1,651$1,210$875$626$253
28 years$2,117$1,556$1,125$801$564$219
29 years$2,022$1,468$1,047$735$510$189
30 years$1,934$1,386$975$674$461$164
31 years$1,851$1,311$909$619$416$142
32 years$1,774$1,240$848$569$377$123
33 years$1,701$1,174$792$523$341$107
34 years$1,633$1,113$740$482$309$92
35 years$1,569$1,056$692$443$280$80
36 years$1,509$1,002$647$408$253$70
37 years$1,452$952$606$376$230$60
38 years$1,398$904$567$347$208$52
39 years$1,347$860$531$320$189$45
40 years$1,299$818$498$295$171$39
41 years$1,253$779$467$272$155$34
42 years$1,209$742$438$251$141$30
43 years$1,168$707$411$232$128$26
44 years$1,129$674$386$214$116$22
45 years$1,091$642$362$198$105$19
46 years$1,055$613$340$183$96$17
47 years$1,021$585$320$169$87$15
48 years$989$558$300$156$79$13
49 years$957$533$282$144$72$11
50 years$928$509$265$133$65$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $950,000, adding $5,830 every year, while hoping to spend $21,274 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: 69/7/24 Blend
45$950,000$950,000$950,000$950,000
46$1,052,914$1,002,564$987,839$1,118,764
47$1,137,675$1,029,054$998,296$1,190,099
48$1,230,370$1,056,129$1,008,390$1,265,133
49$1,331,784$1,083,796$1,018,088$1,346,743
50$1,442,783$1,112,059$1,027,351$1,435,580
51$1,564,322$1,140,925$1,036,142$1,532,360
52$1,697,451$1,170,398$1,044,421$1,637,872
53$1,843,326$1,200,483$1,052,144$1,752,985
54$2,003,221$1,231,183$1,059,267$1,878,658
55$2,178,541$1,262,501$1,065,743$2,015,945
56$2,370,828$1,294,440$1,071,522$2,166,011
57$2,581,787$1,327,002$1,076,552$2,330,135
58$2,813,291$1,360,187$1,080,778$2,509,731
59$3,067,405$1,393,995$1,084,143$2,706,354
60$3,346,405$1,428,425$1,086,586$2,921,718
61$3,652,796$1,463,475$1,088,044$3,157,714
62$3,989,337$1,499,142$1,088,450$3,416,424
63$4,359,071$1,535,421$1,087,735$3,700,141
64$4,765,346$1,572,306$1,085,824$4,011,395
65$5,211,853$1,609,792$1,082,641$4,352,972
66$5,702,659$1,647,867$1,078,105$4,727,943
67$6,242,240$1,686,523$1,072,133$5,139,693
68$6,835,534$1,725,748$1,064,634$5,591,950
69$7,487,975$1,765,527$1,055,516$6,088,825
70$8,205,555$1,805,844$1,044,683$6,634,847
71$8,994,874$1,846,682$1,032,031$7,235,009
72$9,863,201$1,888,020$1,017,455$7,894,811
73$10,818,550$1,929,835$1,000,842$8,620,315
74$11,869,748$1,972,103$982,075$9,418,205
75$13,026,520$2,014,794$961,033$10,295,841
76$14,299,584$2,057,878$937,587$11,261,341
77$15,700,748$2,101,320$911,602$12,323,646
78$17,243,023$2,145,083$882,939$13,492,613
79$18,940,744$2,189,126$851,451$14,779,103
80$20,809,710$2,233,403$816,985$16,195,087
81$22,867,326$2,277,865$779,379$17,753,757
82$25,132,773$2,322,460$738,467$19,469,651
83$27,627,183$2,367,128$694,074$21,358,792
84$30,373,846$2,411,807$646,016$23,438,839
85$33,398,422$2,456,430$594,101$25,729,250
86$36,729,189$2,500,922$538,130$28,251,471
87$40,397,303$2,545,204$477,895$31,029,138
88$44,437,099$2,589,191$413,176$34,088,297
89$48,886,412$2,632,790$343,746$37,457,654
90$53,786,932$2,675,902$269,367$41,168,843
91$59,184,599$2,718,421$189,791$45,256,726
92$65,130,037$2,760,233$104,758$49,759,726
93$71,679,031$2,801,215$13,998$54,720,183
94$78,893,053$2,841,235$0$60,184,759
95$86,839,842$2,880,153$0$66,226,099
96$95,594,044$2,917,819$0$72,884,860
97$105,237,916$2,954,071$0$80,219,988
98$115,862,100$2,988,738$0$88,300,392
99$127,566,484$3,021,636$0$97,202,011
100$140,461,139$3,052,569$0$107,008,526