Can I retire at age 46 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$123,869$122,765$121,689$120,638$119,612$115,737
2 years$61,321$60,179$59,072$57,999$56,958$53,090
3 years$40,475$39,328$38,224$37,161$36,137$32,398
4 years$30,053$28,910$27,817$26,772$25,773$22,191
5 years$23,802$22,666$21,587$20,564$19,592$16,177
6 years$19,636$18,508$17,446$16,445$15,503$12,258
7 years$16,662$15,543$14,497$13,520$12,608$9,532
8 years$14,432$13,323$12,295$11,342$10,459$7,551
9 years$12,698$11,600$10,590$9,661$8,808$6,064
10 years$11,312$10,225$9,232$8,328$7,505$4,921
11 years$10,179$9,103$8,128$7,247$6,455$4,025
12 years$9,236$8,170$7,213$6,357$5,593$3,313
13 years$8,438$7,384$6,445$5,612$4,878$2,741
14 years$7,754$6,711$5,791$4,982$4,276$2,277
15 years$7,163$6,131$5,228$4,443$3,765$1,898
16 years$6,646$5,625$4,740$3,978$3,327$1,587
17 years$6,190$5,181$4,313$3,574$2,950$1,329
18 years$5,785$4,787$3,937$3,221$2,623$1,116
19 years$5,423$4,437$3,605$2,911$2,338$938
20 years$5,098$4,123$3,308$2,636$2,088$789
21 years$4,804$3,840$3,043$2,393$1,869$665
22 years$4,537$3,585$2,804$2,175$1,675$561
23 years$4,294$3,353$2,589$1,981$1,504$473
24 years$4,072$3,141$2,395$1,807$1,352$400
25 years$3,867$2,948$2,218$1,650$1,216$338
26 years$3,679$2,770$2,057$1,509$1,096$286
27 years$3,505$2,607$1,910$1,381$988$242
28 years$3,343$2,457$1,776$1,265$891$204
29 years$3,193$2,318$1,652$1,160$805$173
30 years$3,053$2,189$1,539$1,065$727$146
31 years$2,923$2,069$1,435$978$657$124
32 years$2,801$1,958$1,339$899$595$105
33 years$2,686$1,854$1,250$827$538$89
34 years$2,579$1,757$1,168$761$487$75
35 years$2,478$1,667$1,092$700$441$64
36 years$2,382$1,582$1,022$645$400$54
37 years$2,292$1,503$956$594$362$46
38 years$2,207$1,428$895$548$329$39
39 years$2,127$1,358$839$505$298$33
40 years$2,051$1,292$786$466$270$28
41 years$1,978$1,230$737$430$245$24
42 years$1,910$1,171$692$397$222$20
43 years$1,844$1,116$649$366$202$17
44 years$1,782$1,064$609$338$183$14
45 years$1,723$1,014$572$312$166$12
46 years$1,666$968$537$288$151$10
47 years$1,613$923$505$266$137$9
48 years$1,561$882$474$246$125$7
49 years$1,512$842$446$227$113$6
50 years$1,465$804$419$210$103$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,500,000, adding $3,993 every year, while hoping to spend $40,796 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: 34/42/24 Blend
45$1,500,000$1,500,000$1,500,000$1,500,000
46$1,657,119$1,577,619$1,554,369$1,701,241
47$1,782,738$1,611,515$1,563,034$1,768,400
48$1,919,804$1,645,706$1,570,621$1,836,788
49$2,069,439$1,680,161$1,577,053$1,909,718
50$2,232,883$1,714,850$1,582,245$1,987,621
51$2,411,497$1,749,738$1,586,110$2,070,969
52$2,606,782$1,784,787$1,588,557$2,160,285
53$2,820,390$1,819,957$1,589,490$2,256,147
54$3,054,138$1,855,204$1,588,806$2,359,192
55$3,310,030$1,890,479$1,586,401$2,470,122
56$3,590,271$1,925,730$1,582,163$2,589,713
57$3,897,289$1,960,901$1,575,976$2,718,821
58$4,233,758$1,995,930$1,567,716$2,858,392
59$4,602,623$2,030,753$1,557,257$3,009,469
60$5,007,129$2,065,299$1,544,464$3,173,201
61$5,450,849$2,099,491$1,529,195$3,350,861
62$5,937,717$2,133,247$1,511,305$3,543,849
63$6,472,068$2,166,480$1,490,638$3,753,713
64$7,058,677$2,199,096$1,467,033$3,982,161
65$7,702,804$2,230,994$1,440,320$4,231,077
66$8,410,242$2,262,065$1,410,323$4,502,540
67$9,187,375$2,292,194$1,376,857$4,798,845
68$10,041,232$2,321,256$1,339,726$5,122,524
69$10,979,560$2,349,120$1,298,730$5,476,370
70$12,010,893$2,375,645$1,253,655$5,863,467
71$13,144,631$2,400,678$1,204,279$6,287,214
72$14,391,132$2,424,060$1,150,371$6,751,366
73$15,761,807$2,445,619$1,091,689$7,260,061
74$17,269,229$2,465,172$1,027,978$7,817,868
75$18,927,249$2,482,524$958,973$8,429,824
76$20,751,129$2,497,468$884,399$9,101,488
77$22,757,683$2,509,783$803,966$9,838,991
78$24,965,439$2,519,234$717,371$10,649,098
79$27,394,810$2,525,573$624,299$11,539,268
80$30,068,288$2,528,533$524,420$12,517,731
81$33,010,655$2,527,834$417,390$13,593,562
82$36,249,220$2,523,175$302,850$14,776,773
83$39,814,069$2,514,240$180,425$16,078,403
84$43,738,357$2,500,691$49,722$17,510,631
85$48,058,615$2,482,170$0$19,086,884
86$52,815,096$2,458,299$0$20,844,958
87$58,052,155$2,428,674$0$22,793,281
88$63,818,667$2,392,871$0$24,937,230
89$70,168,486$2,350,437$0$27,296,783
90$77,160,956$2,300,893$0$29,893,965
91$84,861,470$2,243,733$0$32,753,052
92$93,342,085$2,178,421$0$35,900,804
93$102,682,201$2,104,388$0$39,366,722
94$112,969,316$2,021,032$0$43,183,321
95$124,299,841$1,927,718$0$47,386,445
96$136,780,022$1,823,774$0$52,015,604
97$150,526,932$1,708,486$0$57,114,348
98$165,669,579$1,581,102$0$62,730,681
99$182,350,127$1,440,827$0$68,917,518
100$200,725,232$1,286,820$0$75,733,183