Can I retire at age 46 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$80,927$80,207$79,503$78,817$78,147$77,202
2 years$40,063$39,317$38,594$37,893$37,213$36,262
3 years$26,443$25,694$24,973$24,278$23,609$22,682
4 years$19,635$18,888$18,174$17,491$16,838$15,942
5 years$15,551$14,808$14,104$13,435$12,800$11,937
6 years$12,829$12,092$11,398$10,744$10,128$9,300
7 years$10,886$10,155$9,472$8,833$8,237$7,443
8 years$9,429$8,705$8,033$7,410$6,833$6,074
9 years$8,296$7,579$6,919$6,312$5,755$5,029
10 years$7,391$6,680$6,032$5,441$4,903$4,212
11 years$6,650$5,947$5,310$4,735$4,217$3,558
12 years$6,034$5,338$4,713$4,153$3,654$3,028
13 years$5,513$4,824$4,211$3,667$3,187$2,592
14 years$5,066$4,385$3,783$3,255$2,793$2,230
15 years$4,680$4,006$3,416$2,903$2,460$1,926
16 years$4,342$3,675$3,097$2,599$2,174$1,669
17 years$4,044$3,385$2,818$2,335$1,927$1,450
18 years$3,779$3,128$2,572$2,105$1,714$1,264
19 years$3,543$2,899$2,355$1,902$1,528$1,103
20 years$3,331$2,693$2,161$1,722$1,364$965
21 years$3,139$2,509$1,988$1,563$1,221$845
22 years$2,964$2,342$1,832$1,421$1,094$742
23 years$2,806$2,190$1,692$1,294$982$651
24 years$2,660$2,052$1,565$1,181$883$573
25 years$2,527$1,926$1,449$1,078$795$504
26 years$2,403$1,810$1,344$986$716$444
27 years$2,290$1,703$1,248$902$645$391
28 years$2,184$1,605$1,160$827$582$345
29 years$2,086$1,514$1,080$758$526$304
30 years$1,995$1,430$1,006$696$475$269
31 years$1,910$1,352$938$639$430$237
32 years$1,830$1,279$875$587$389$209
33 years$1,755$1,211$817$540$352$185
34 years$1,685$1,148$763$497$318$164
35 years$1,619$1,089$713$457$288$145
36 years$1,556$1,034$667$421$261$128
37 years$1,498$982$625$388$237$113
38 years$1,442$933$585$358$215$100
39 years$1,390$887$548$330$195$89
40 years$1,340$844$514$304$177$78
41 years$1,293$803$482$281$160$69
42 years$1,248$765$452$259$145$61
43 years$1,205$729$424$239$132$54
44 years$1,164$695$398$221$120$48
45 years$1,126$663$374$204$109$43
46 years$1,089$632$351$188$99$38
47 years$1,054$603$330$174$90$33
48 years$1,020$576$310$161$81$30
49 years$988$550$291$149$74$26
50 years$957$525$274$137$67$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $980,000, adding $4,062 every year, while hoping to spend $54,229 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: 52/42/6 Blend
45$980,000$980,000$980,000$980,000
46$1,084,150$1,032,210$1,017,020$1,138,781
47$1,137,034$1,025,089$993,391$1,169,164
48$1,193,495$1,015,802$967,153$1,195,936
49$1,253,840$1,004,184$938,161$1,223,742
50$1,318,406$990,064$906,264$1,252,688
51$1,387,563$973,257$871,304$1,282,896
52$1,461,717$953,569$833,114$1,314,503
53$1,541,312$930,794$791,524$1,347,661
54$1,626,836$904,713$746,350$1,382,544
55$1,718,826$875,097$697,406$1,419,345
56$1,817,870$841,699$644,492$1,458,282
57$1,924,613$804,263$587,403$1,499,598
58$2,039,765$762,514$525,923$1,543,566
59$2,164,106$716,163$459,826$1,590,492
60$2,298,494$664,903$388,879$1,640,717
61$2,443,869$608,412$312,835$1,694,624
62$2,601,266$546,346$231,437$1,752,639
63$2,771,823$478,346$144,419$1,815,238
64$2,956,793$404,028$51,500$1,882,954
65$3,157,549$322,989$0$1,956,379
66$3,375,607$234,803$0$2,039,224
67$3,612,630$139,020$0$2,132,892
68$3,870,450$35,163$0$2,234,922
69$4,151,081$0$0$2,346,247
70$4,456,741$0$0$2,503,616
71$4,789,869$0$0$2,692,928
72$5,153,150$0$0$2,899,469
73$5,549,539$0$0$3,124,931
74$5,982,289$0$0$3,371,176
75$6,454,981$0$0$3,640,254
76$6,971,556$0$0$3,934,423
77$7,536,354$0$0$4,256,167
78$8,154,152$0$0$4,608,223
79$8,830,213$0$0$4,993,603
80$9,570,328$0$0$5,415,625
81$10,380,877$0$0$5,877,943
82$11,268,885$0$0$6,384,580
83$12,242,089$0$0$6,939,966
84$13,309,008$0$0$7,548,984
85$14,479,027$0$0$8,217,007
86$15,762,481$0$0$8,949,956
87$17,170,756$0$0$9,754,352
88$18,716,391$0$0$10,637,380
89$20,413,198$0$0$11,606,950
90$22,276,393$0$0$12,671,781
91$24,322,737$0$0$13,841,473
92$26,570,694$0$0$15,126,605
93$29,040,604$0$0$16,538,829
94$31,754,876$0$0$18,090,984
95$34,738,195$0$0$19,797,211
96$38,017,760$0$0$21,673,094
97$41,623,532$0$0$23,735,799
98$45,588,523$0$0$26,004,239
99$49,949,105$0$0$28,499,253
100$54,745,348$0$0$31,243,799