Can I retire at age 46 with 1,490,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$123,043$121,947$120,878$119,834$118,815$116,654
2 years$60,912$59,778$58,678$57,612$56,578$54,410
3 years$40,205$39,065$37,969$36,913$35,896$33,786
4 years$29,853$28,717$27,632$26,594$25,601$23,567
5 years$23,644$22,515$21,443$20,426$19,462$17,509
6 years$19,505$18,385$17,329$16,335$15,399$13,530
7 years$16,551$15,440$14,401$13,430$12,524$10,738
8 years$14,336$13,235$12,213$11,266$10,390$8,687
9 years$12,614$11,523$10,519$9,596$8,750$7,130
10 years$11,237$10,157$9,171$8,272$7,455$5,916
11 years$10,111$9,042$8,074$7,199$6,412$4,952
12 years$9,174$8,116$7,165$6,315$5,556$4,174
13 years$8,381$7,334$6,402$5,575$4,845$3,538
14 years$7,703$6,667$5,752$4,949$4,247$3,013
15 years$7,115$6,090$5,193$4,413$3,740$2,575
16 years$6,601$5,588$4,708$3,952$3,305$2,208
17 years$6,148$5,146$4,284$3,551$2,930$1,899
18 years$5,746$4,755$3,911$3,200$2,606$1,637
19 years$5,387$4,407$3,580$2,891$2,322$1,413
20 years$5,064$4,095$3,286$2,619$2,074$1,223
21 years$4,772$3,815$3,022$2,377$1,856$1,059
22 years$4,507$3,561$2,786$2,161$1,664$918
23 years$4,266$3,330$2,572$1,968$1,494$797
24 years$4,045$3,120$2,379$1,795$1,343$693
25 years$3,841$2,928$2,203$1,639$1,208$602
26 years$3,654$2,752$2,043$1,499$1,088$524
27 years$3,481$2,590$1,897$1,372$981$456
28 years$3,321$2,441$1,764$1,257$885$398
29 years$3,172$2,302$1,641$1,153$799$347
30 years$3,033$2,174$1,529$1,058$722$302
31 years$2,903$2,055$1,425$972$653$264
32 years$2,782$1,945$1,330$893$591$230
33 years$2,668$1,842$1,242$821$535$201
34 years$2,562$1,746$1,160$755$484$175
35 years$2,461$1,656$1,085$695$438$153
36 years$2,366$1,572$1,015$640$397$133
37 years$2,277$1,493$950$590$360$117
38 years$2,193$1,418$889$544$326$102
39 years$2,113$1,349$833$502$296$89
40 years$2,037$1,283$781$463$268$78
41 years$1,965$1,222$732$427$244$68
42 years$1,897$1,163$687$394$221$59
43 years$1,832$1,108$645$364$201$52
44 years$1,770$1,057$605$336$182$45
45 years$1,711$1,008$568$310$165$40
46 years$1,655$961$534$286$150$35
47 years$1,602$917$501$265$136$30
48 years$1,551$876$471$244$124$26
49 years$1,502$836$443$226$112$23
50 years$1,455$799$416$209$102$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,490,000, adding $4,918 every year, while hoping to spend $59,849 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: 43/28/29 Blend
45$1,490,000$1,490,000$1,490,000$1,490,000
46$1,647,053$1,568,083$1,544,988$1,703,764
47$1,751,373$1,581,240$1,533,066$1,758,116
48$1,864,329$1,593,036$1,518,739$1,810,947
49$1,986,736$1,603,341$1,501,863$1,867,059
50$2,119,496$1,612,017$1,482,287$1,926,793
51$2,263,595$1,618,916$1,459,854$1,990,526
52$2,420,121$1,623,882$1,434,399$2,058,680
53$2,590,270$1,626,750$1,405,749$2,131,720
54$2,775,359$1,627,342$1,373,723$2,210,164
55$2,976,835$1,625,471$1,338,131$2,294,586
56$3,196,290$1,620,937$1,298,777$2,385,623
57$3,435,478$1,613,529$1,255,452$2,483,983
58$3,696,328$1,603,023$1,207,941$2,590,447
59$3,980,963$1,589,181$1,156,017$2,705,886
60$4,291,721$1,571,750$1,099,443$2,831,262
61$4,631,174$1,550,464$1,037,972$2,967,641
62$5,002,154$1,525,037$971,345$3,116,205
63$5,407,781$1,495,171$899,292$3,278,263
64$5,851,487$1,460,547$821,530$3,455,263
65$6,337,052$1,420,827$737,765$3,648,809
66$6,868,640$1,375,656$647,688$3,860,678
67$7,450,834$1,324,655$550,978$4,092,834
68$8,088,681$1,267,426$447,298$4,347,452
69$8,787,742$1,203,545$336,298$4,626,936
70$9,554,138$1,132,565$217,611$4,933,947
71$10,394,613$1,054,014$90,854$5,271,427
72$11,316,594$967,391$0$5,642,629
73$12,328,262$872,168$0$6,064,894
74$13,438,627$767,787$0$6,559,349
75$14,657,615$653,657$0$7,102,379
76$15,996,160$529,154$0$7,698,982
77$17,466,305$393,620$0$8,354,670
78$19,081,319$246,358$0$9,075,525
79$20,855,819$86,635$0$9,868,256
80$22,805,906$0$0$10,740,264
81$24,949,319$0$0$11,726,312
82$27,305,603$0$0$12,839,831
83$29,896,289$0$0$14,064,329
84$32,745,099$0$0$15,411,042
85$35,878,168$0$0$16,892,354
86$39,324,291$0$0$18,521,904
87$43,115,195$0$0$20,314,724
88$47,285,837$0$0$22,287,375
89$51,874,729$0$0$24,458,104
90$56,924,310$0$0$26,847,016
91$62,481,335$0$0$29,476,263
92$68,597,327$0$0$32,370,256
93$75,329,050$0$0$35,555,889
94$82,739,055$0$0$39,062,799
95$90,896,264$0$0$42,923,640
96$99,876,619$0$0$47,174,395
97$109,763,802$0$0$51,854,711
98$120,650,021$0$0$57,008,279
99$132,636,878$0$0$62,683,239
100$145,836,333$0$0$68,932,638