Can I retire at age 46 with 970,000?

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 $970,000?

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$80,102$79,388$78,692$78,013$77,349$76,829
2 years$39,654$38,916$38,200$37,506$36,833$36,309
3 years$26,174$25,432$24,718$24,030$23,368$22,856
4 years$19,435$18,695$17,988$17,313$16,666$16,170
5 years$15,392$14,657$13,960$13,298$12,670$12,190
6 years$12,698$11,969$11,282$10,634$10,025$9,563
7 years$10,775$10,051$9,375$8,743$8,153$7,710
8 years$9,333$8,616$7,951$7,334$6,764$6,338
9 years$8,212$7,502$6,848$6,247$5,696$5,289
10 years$7,315$6,612$5,970$5,385$4,853$4,463
11 years$6,583$5,887$5,256$4,687$4,174$3,802
12 years$5,972$5,283$4,665$4,111$3,617$3,262
13 years$5,456$4,775$4,168$3,629$3,154$2,816
14 years$5,015$4,340$3,745$3,222$2,765$2,443
15 years$4,632$3,965$3,381$2,873$2,434$2,128
16 years$4,297$3,638$3,065$2,573$2,152$1,861
17 years$4,003$3,350$2,789$2,311$1,908$1,632
18 years$3,741$3,096$2,546$2,083$1,696$1,435
19 years$3,507$2,869$2,331$1,882$1,512$1,265
20 years$3,297$2,666$2,139$1,705$1,350$1,117
21 years$3,107$2,483$1,968$1,547$1,209$988
22 years$2,934$2,318$1,814$1,407$1,083$875
23 years$2,777$2,168$1,674$1,281$972$776
24 years$2,633$2,031$1,549$1,168$874$689
25 years$2,501$1,906$1,434$1,067$786$613
26 years$2,379$1,792$1,330$976$708$545
27 years$2,266$1,686$1,235$893$639$485
28 years$2,162$1,589$1,148$818$576$432
29 years$2,065$1,499$1,069$750$520$386
30 years$1,975$1,415$995$689$470$344
31 years$1,890$1,338$928$632$425$307
32 years$1,811$1,266$866$581$385$274
33 years$1,737$1,199$808$535$348$245
34 years$1,668$1,136$755$492$315$219
35 years$1,602$1,078$706$453$285$196
36 years$1,541$1,023$661$417$259$175
37 years$1,482$972$618$384$234$156
38 years$1,427$923$579$354$212$140
39 years$1,375$878$542$326$193$125
40 years$1,326$835$508$301$175$112
41 years$1,279$795$477$278$159$100
42 years$1,235$757$447$256$144$90
43 years$1,193$722$420$237$131$80
44 years$1,152$688$394$219$119$72
45 years$1,114$656$370$202$108$64
46 years$1,078$626$347$186$98$58
47 years$1,043$597$326$172$89$52
48 years$1,009$570$307$159$81$46
49 years$978$544$288$147$73$41
50 years$947$520$271$136$66$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $970,000, adding $3,707 every year, while hoping to spend $23,351 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: 74/17/9 Blend
45$970,000$970,000$970,000$970,000
46$1,072,764$1,021,354$1,006,319$1,150,226
47$1,157,340$1,046,555$1,015,185$1,227,005
48$1,249,761$1,072,208$1,023,566$1,307,794
49$1,350,802$1,098,311$1,031,420$1,395,646
50$1,461,316$1,124,860$1,038,705$1,491,253
51$1,582,243$1,151,852$1,045,375$1,595,375
52$1,714,619$1,179,280$1,051,382$1,708,852
53$1,859,583$1,207,138$1,056,676$1,832,607
54$2,018,391$1,235,418$1,061,206$1,967,658
55$2,192,425$1,264,112$1,064,914$2,115,126
56$2,383,208$1,293,208$1,067,744$2,276,244
57$2,592,416$1,322,696$1,069,634$2,452,373
58$2,821,895$1,352,562$1,070,520$2,645,010
59$3,073,681$1,382,790$1,070,335$2,855,806
60$3,350,014$1,413,363$1,069,008$3,086,577
61$3,653,361$1,444,264$1,066,466$3,339,326
62$3,986,441$1,475,470$1,062,630$3,616,259
63$4,352,250$1,506,960$1,057,420$3,919,808
64$4,754,085$1,538,707$1,050,749$4,252,649
65$5,195,582$1,570,683$1,042,529$4,617,734
66$5,680,744$1,602,859$1,032,666$5,018,313
67$6,213,981$1,635,201$1,021,062$5,457,968
68$6,800,153$1,667,672$1,007,614$5,940,645
69$7,444,614$1,700,233$992,214$6,470,695
70$8,153,261$1,732,841$974,750$7,052,907
71$8,932,593$1,765,449$955,103$7,692,564
72$9,789,770$1,798,009$933,151$8,395,481
73$10,732,679$1,830,464$908,765$9,168,072
74$11,770,012$1,862,756$881,808$10,017,400
75$12,911,345$1,894,823$852,140$10,951,250
76$14,167,229$1,926,596$819,614$11,978,201
77$15,549,289$1,958,002$784,074$13,107,705
78$17,070,335$1,988,963$745,359$14,350,180
79$18,744,481$2,019,393$703,300$15,717,105
80$20,587,278$2,049,204$657,720$17,221,129
81$22,615,862$2,078,297$608,436$18,876,192
82$24,849,116$2,106,569$555,254$20,697,656
83$27,307,844$2,133,909$497,974$22,702,448
84$30,014,973$2,160,199$436,384$24,909,224
85$32,995,762$2,185,312$370,266$27,338,541
86$36,278,050$2,209,111$299,389$30,013,053
87$39,892,507$2,231,454$223,514$32,957,725
88$43,872,932$2,252,185$142,392$36,200,069
89$48,256,570$2,271,141$55,761$39,770,403
90$53,084,460$2,288,146$0$43,702,138
91$58,401,825$2,303,015$0$48,035,615
92$64,258,498$2,315,550$0$52,813,831
93$70,709,391$2,325,538$0$58,076,167
94$77,815,016$2,332,757$0$63,871,929
95$85,642,053$2,336,967$0$70,255,451
96$94,263,980$2,337,916$0$77,286,608
97$103,761,765$2,335,333$0$85,031,379
98$114,224,635$2,328,935$0$93,562,477
99$125,750,912$2,318,416$0$102,960,025
100$138,448,943$2,303,457$0$113,312,324