Can I retire at age 46 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$124,694$123,584$122,500$121,442$120,410$118,464
2 years$61,730$60,580$59,466$58,386$57,338$55,383
3 years$40,744$39,590$38,478$37,408$36,377$34,474
4 years$30,254$29,103$28,002$26,951$25,945$24,107
5 years$23,961$22,817$21,731$20,701$19,723$17,957
6 years$19,767$18,632$17,562$16,554$15,606$13,914
7 years$16,773$15,647$14,594$13,610$12,692$11,074
8 years$14,528$13,412$12,377$11,417$10,529$8,985
9 years$12,783$11,678$10,660$9,725$8,867$7,396
10 years$11,388$10,293$9,294$8,383$7,555$6,156
11 years$10,247$9,164$8,182$7,296$6,498$5,169
12 years$9,297$8,225$7,261$6,399$5,631$4,371
13 years$8,494$7,433$6,488$5,650$4,910$3,717
14 years$7,806$6,756$5,829$5,015$4,304$3,176
15 years$7,211$6,172$5,263$4,473$3,790$2,724
16 years$6,690$5,663$4,772$4,005$3,349$2,344
17 years$6,231$5,215$4,342$3,598$2,970$2,023
18 years$5,823$4,819$3,964$3,243$2,641$1,750
19 years$5,459$4,466$3,629$2,930$2,354$1,517
20 years$5,132$4,150$3,330$2,654$2,102$1,317
21 years$4,836$3,866$3,063$2,408$1,881$1,145
22 years$4,568$3,608$2,823$2,190$1,686$997
23 years$4,323$3,375$2,607$1,994$1,514$869
24 years$4,099$3,162$2,411$1,819$1,361$758
25 years$3,893$2,967$2,233$1,661$1,224$662
26 years$3,703$2,789$2,071$1,519$1,103$578
27 years$3,528$2,625$1,923$1,390$994$505
28 years$3,365$2,473$1,788$1,274$897$442
29 years$3,214$2,333$1,664$1,168$810$387
30 years$3,074$2,204$1,549$1,072$732$339
31 years$2,942$2,083$1,445$985$662$297
32 years$2,819$1,971$1,348$905$599$260
33 years$2,704$1,867$1,258$832$542$228
34 years$2,596$1,769$1,176$766$491$200
35 years$2,494$1,678$1,099$705$444$175
36 years$2,398$1,593$1,028$649$403$153
37 years$2,308$1,513$963$598$365$135
38 years$2,222$1,438$901$551$331$118
39 years$2,141$1,367$844$508$300$103
40 years$2,064$1,301$792$469$272$91
41 years$1,992$1,238$742$433$247$80
42 years$1,922$1,179$696$399$224$70
43 years$1,857$1,123$653$368$203$61
44 years$1,794$1,071$613$340$184$54
45 years$1,734$1,021$576$314$167$47
46 years$1,678$974$541$290$152$41
47 years$1,623$930$508$268$138$36
48 years$1,571$887$477$248$125$32
49 years$1,522$847$449$229$114$28
50 years$1,474$809$422$212$103$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,510,000, adding $4,378 every year, while hoping to spend $48,017 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: 29/50/21 Blend
45$1,510,000$1,510,000$1,510,000$1,510,000
46$1,668,536$1,588,506$1,565,101$1,705,808
47$1,787,637$1,615,253$1,566,442$1,761,588
48$1,917,277$1,641,701$1,566,219$1,816,941
49$2,058,480$1,667,786$1,564,328$1,875,439
50$2,212,374$1,693,436$1,560,662$1,937,382
51$2,380,198$1,718,576$1,555,106$2,003,104
52$2,563,319$1,743,127$1,547,543$2,072,973
53$2,763,238$1,767,002$1,537,847$2,147,396
54$2,981,611$1,790,108$1,525,887$2,226,825
55$3,220,259$1,812,346$1,511,528$2,311,762
56$3,481,186$1,833,612$1,494,625$2,402,760
57$3,766,600$1,853,792$1,475,028$2,500,434
58$4,078,932$1,872,766$1,452,580$2,605,464
59$4,420,859$1,890,407$1,427,116$2,718,601
60$4,795,326$1,906,577$1,398,465$2,840,679
61$5,205,581$1,921,131$1,366,445$2,972,619
62$5,655,198$1,933,914$1,330,868$3,115,443
63$6,148,113$1,944,760$1,291,537$3,270,278
64$6,688,661$1,953,495$1,248,245$3,438,373
65$7,281,620$1,959,931$1,200,776$3,621,111
66$7,932,247$1,963,870$1,148,904$3,820,018
67$8,646,338$1,965,100$1,092,394$4,036,785
68$9,430,273$1,963,399$1,030,998$4,273,281
69$10,291,083$1,958,528$964,458$4,531,570
70$11,236,511$1,950,234$892,506$4,813,939
71$12,275,089$1,938,249$814,858$5,122,910
72$13,416,214$1,922,289$731,222$5,461,275
73$14,670,240$1,902,053$641,290$5,832,118
74$16,048,571$1,877,221$544,740$6,238,846
75$17,563,775$1,847,454$441,238$6,685,225
76$19,229,694$1,812,393$330,434$7,175,416
77$21,061,580$1,771,658$211,961$7,714,015
78$23,076,239$1,724,847$85,439$8,306,096
79$25,292,184$1,671,533$0$8,957,269
80$27,729,813$1,611,265$0$9,684,834
81$30,411,602$1,543,565$0$10,505,674
82$33,362,315$1,467,928$0$11,408,271
83$36,609,234$1,383,820$0$12,401,064
84$40,182,425$1,290,676$0$13,493,363
85$44,115,010$1,187,898$0$14,695,441
86$48,443,490$1,074,853$0$16,018,630
87$53,208,081$950,876$0$17,475,430
88$58,453,095$815,259$0$19,079,633
89$64,227,361$667,257$0$20,846,451
90$70,584,682$506,082$0$22,792,665
91$77,584,343$330,904$0$24,936,783
92$85,291,670$140,842$0$27,299,221
93$93,778,646$0$0$29,902,495
94$103,124,592$0$0$32,807,221
95$113,416,911$0$0$36,091,736
96$124,751,915$0$0$39,709,325
97$137,235,733$0$0$43,693,898
98$150,985,313$0$0$48,082,826
99$166,129,524$0$0$52,917,288
100$182,810,371$0$0$58,242,660