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

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$123,869$122,765$121,689$120,638$119,612$116,863
2 years$61,321$60,179$59,072$57,999$56,958$54,204
3 years$40,475$39,328$38,224$37,161$36,137$33,463
4 years$30,053$28,910$27,817$26,772$25,773$23,200
5 years$23,802$22,666$21,587$20,564$19,592$17,128
6 years$19,636$18,508$17,446$16,445$15,503$13,149
7 years$16,662$15,543$14,497$13,520$12,608$10,366
8 years$14,432$13,323$12,295$11,342$10,459$8,328
9 years$12,698$11,600$10,590$9,661$8,808$6,786
10 years$11,312$10,225$9,232$8,328$7,505$5,589
11 years$10,179$9,103$8,128$7,247$6,455$4,643
12 years$9,236$8,170$7,213$6,357$5,593$3,883
13 years$8,438$7,384$6,445$5,612$4,878$3,265
14 years$7,754$6,711$5,791$4,982$4,276$2,758
15 years$7,163$6,131$5,228$4,443$3,765$2,338
16 years$6,646$5,625$4,740$3,978$3,327$1,988
17 years$6,190$5,181$4,313$3,574$2,950$1,695
18 years$5,785$4,787$3,937$3,221$2,623$1,448
19 years$5,423$4,437$3,605$2,911$2,338$1,239
20 years$5,098$4,123$3,308$2,636$2,088$1,062
21 years$4,804$3,840$3,043$2,393$1,869$912
22 years$4,537$3,585$2,804$2,175$1,675$783
23 years$4,294$3,353$2,589$1,981$1,504$674
24 years$4,072$3,141$2,395$1,807$1,352$580
25 years$3,867$2,948$2,218$1,650$1,216$500
26 years$3,679$2,770$2,057$1,509$1,096$431
27 years$3,505$2,607$1,910$1,381$988$371
28 years$3,343$2,457$1,776$1,265$891$320
29 years$3,193$2,318$1,652$1,160$805$276
30 years$3,053$2,189$1,539$1,065$727$239
31 years$2,923$2,069$1,435$978$657$206
32 years$2,801$1,958$1,339$899$595$178
33 years$2,686$1,854$1,250$827$538$154
34 years$2,579$1,757$1,168$761$487$133
35 years$2,478$1,667$1,092$700$441$115
36 years$2,382$1,582$1,022$645$400$99
37 years$2,292$1,503$956$594$362$86
38 years$2,207$1,428$895$548$329$74
39 years$2,127$1,358$839$505$298$64
40 years$2,051$1,292$786$466$270$55
41 years$1,978$1,230$737$430$245$48
42 years$1,910$1,171$692$397$222$41
43 years$1,844$1,116$649$366$202$36
44 years$1,782$1,064$609$338$183$31
45 years$1,723$1,014$572$312$166$27
46 years$1,666$968$537$288$151$23
47 years$1,613$923$505$266$137$20
48 years$1,561$882$474$246$125$17
49 years$1,512$842$446$227$113$15
50 years$1,465$804$419$210$103$13

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 $2,174 every year, while hoping to spend $51,949 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: 47/42/11 Blend
45$1,500,000$1,500,000$1,500,000$1,500,000
46$1,655,242$1,575,742$1,552,492$1,727,890
47$1,768,804$1,597,681$1,549,228$1,800,155
48$1,892,207$1,618,952$1,544,112$1,872,987
49$2,026,402$1,639,471$1,537,030$1,950,856
50$2,172,432$1,659,142$1,527,857$2,034,249
51$2,331,447$1,677,866$1,516,467$2,123,701
52$2,504,709$1,695,537$1,502,723$2,219,806
53$2,693,612$1,712,040$1,486,487$2,323,218
54$2,899,685$1,727,254$1,467,609$2,434,660
55$3,124,614$1,741,051$1,445,935$2,554,931
56$3,370,255$1,753,293$1,421,304$2,684,912
57$3,638,649$1,763,833$1,393,546$2,825,579
58$3,932,045$1,772,515$1,362,484$2,978,006
59$4,252,919$1,779,173$1,327,932$3,143,381
60$4,603,996$1,783,632$1,289,697$3,323,018
61$4,988,277$1,785,703$1,247,575$3,518,365
62$5,409,067$1,785,188$1,201,354$3,731,021
63$5,870,004$1,781,875$1,150,813$3,962,754
64$6,375,098$1,775,540$1,095,718$4,215,514
65$6,928,761$1,765,945$1,035,828$4,491,456
66$7,535,856$1,752,837$970,889$4,792,956
67$8,201,735$1,735,948$900,636$5,122,640
68$8,932,296$1,714,994$824,792$5,483,407
69$9,734,036$1,689,673$743,067$5,878,454
70$10,614,108$1,659,668$655,160$6,311,314
71$11,580,394$1,624,639$560,755$6,785,883
72$12,641,576$1,584,228$459,522$7,306,464
73$13,807,218$1,538,056$351,118$7,877,803
74$15,087,856$1,485,723$235,182$8,505,141
75$16,495,096$1,426,803$111,340$9,194,260
76$18,041,726$1,360,846$0$9,951,539
77$19,741,833$1,287,378$0$10,786,464
78$21,610,935$1,205,895$0$11,718,464
79$23,666,132$1,115,865$0$12,743,079
80$25,926,262$1,016,727$0$13,869,817
81$28,412,080$907,886$0$15,109,168
82$31,146,453$788,714$0$16,472,697
83$34,154,578$658,547$0$17,973,162
84$37,464,213$516,684$0$19,624,632
85$41,105,946$362,385$0$21,442,623
86$45,113,478$194,867$0$23,444,244
87$49,523,943$13,305$0$25,648,365
88$54,378,254$0$0$28,075,793
89$59,721,496$0$0$30,834,129
90$65,603,343$0$0$33,877,485
91$72,078,531$0$0$37,228,060
92$79,207,374$0$0$40,917,087
93$87,056,329$0$0$44,978,986
94$95,698,626$0$0$49,451,682
95$105,214,957$0$0$54,376,965
96$115,694,239$0$0$59,800,885
97$127,234,450$0$0$65,774,185
98$139,943,553$0$0$72,352,781
99$153,940,517$0$0$79,598,287
100$169,356,438$0$0$87,578,598