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

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$124,694$123,584$122,500$121,442$120,410$116,695
2 years$61,730$60,580$59,466$58,386$57,338$53,628
3 years$40,744$39,590$38,478$37,408$36,377$32,789
4 years$30,254$29,103$28,002$26,951$25,945$22,505
5 years$23,961$22,817$21,731$20,701$19,723$16,441
6 years$19,767$18,632$17,562$16,554$15,606$12,484
7 years$16,773$15,647$14,594$13,610$12,692$9,731
8 years$14,528$13,412$12,377$11,417$10,529$7,727
9 years$12,783$11,678$10,660$9,725$8,867$6,220
10 years$11,388$10,293$9,294$8,383$7,555$5,060
11 years$10,247$9,164$8,182$7,296$6,498$4,150
12 years$9,297$8,225$7,261$6,399$5,631$3,425
13 years$8,494$7,433$6,488$5,650$4,910$2,841
14 years$7,806$6,756$5,829$5,015$4,304$2,367
15 years$7,211$6,172$5,263$4,473$3,790$1,979
16 years$6,690$5,663$4,772$4,005$3,349$1,659
17 years$6,231$5,215$4,342$3,598$2,970$1,394
18 years$5,823$4,819$3,964$3,243$2,641$1,173
19 years$5,459$4,466$3,629$2,930$2,354$989
20 years$5,132$4,150$3,330$2,654$2,102$835
21 years$4,836$3,866$3,063$2,408$1,881$706
22 years$4,568$3,608$2,823$2,190$1,686$597
23 years$4,323$3,375$2,607$1,994$1,514$506
24 years$4,099$3,162$2,411$1,819$1,361$428
25 years$3,893$2,967$2,233$1,661$1,224$363
26 years$3,703$2,789$2,071$1,519$1,103$308
27 years$3,528$2,625$1,923$1,390$994$261
28 years$3,365$2,473$1,788$1,274$897$222
29 years$3,214$2,333$1,664$1,168$810$188
30 years$3,074$2,204$1,549$1,072$732$160
31 years$2,942$2,083$1,445$985$662$136
32 years$2,819$1,971$1,348$905$599$115
33 years$2,704$1,867$1,258$832$542$98
34 years$2,596$1,769$1,176$766$491$83
35 years$2,494$1,678$1,099$705$444$71
36 years$2,398$1,593$1,028$649$403$60
37 years$2,308$1,513$963$598$365$51
38 years$2,222$1,438$901$551$331$43
39 years$2,141$1,367$844$508$300$37
40 years$2,064$1,301$792$469$272$31
41 years$1,992$1,238$742$433$247$27
42 years$1,922$1,179$696$399$224$23
43 years$1,857$1,123$653$368$203$19
44 years$1,794$1,071$613$340$184$16
45 years$1,734$1,021$576$314$167$14
46 years$1,678$974$541$290$152$12
47 years$1,623$930$508$268$138$10
48 years$1,571$887$477$248$125$9
49 years$1,522$847$449$229$114$7
50 years$1,474$809$422$212$103$6

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 $5,460 every year, while hoping to spend $27,719 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: 85/10/5 Blend
45$1,510,000$1,510,000$1,510,000$1,510,000
46$1,669,652$1,589,622$1,566,217$1,811,123
47$1,810,464$1,638,021$1,589,192$1,952,562
48$1,964,709$1,687,862$1,612,009$2,103,538
49$2,133,729$1,739,187$1,634,631$2,268,502
50$2,319,001$1,792,039$1,657,022$2,448,839
51$2,522,151$1,846,460$1,679,144$2,646,077
52$2,744,971$1,902,497$1,700,956$2,861,895
53$2,989,433$1,960,194$1,722,413$3,098,145
54$3,257,711$2,019,600$1,743,470$3,356,866
55$3,552,200$2,080,762$1,764,078$3,640,302
56$3,875,535$2,143,731$1,784,186$3,950,926
57$4,230,623$2,208,557$1,803,739$4,291,462
58$4,620,663$2,275,293$1,822,681$4,664,909
59$5,049,180$2,343,992$1,840,950$5,074,574
60$5,520,058$2,414,709$1,858,484$5,524,095
61$6,037,575$2,487,501$1,875,214$6,017,484
62$6,606,445$2,562,425$1,891,071$6,559,157
63$7,231,860$2,639,542$1,905,980$7,153,981
64$7,919,542$2,718,912$1,919,862$7,807,318
65$8,675,793$2,800,596$1,932,635$8,525,074
66$9,507,558$2,884,660$1,944,213$9,313,757
67$10,422,489$2,971,168$1,954,504$10,180,535
68$11,429,015$3,060,187$1,963,412$11,133,307
69$12,536,424$3,151,786$1,970,836$12,180,777
70$13,754,952$3,246,036$1,976,671$13,332,531
71$15,095,873$3,343,008$1,980,806$14,599,135
72$16,571,613$3,442,776$1,983,124$15,992,228
73$18,195,861$3,545,416$1,983,502$17,524,636
74$19,983,701$3,651,004$1,981,812$19,210,489
75$21,951,755$3,759,619$1,977,919$21,065,358
76$24,118,337$3,871,343$1,971,682$23,106,399
77$26,503,626$3,986,257$1,962,952$25,352,515
78$29,129,859$4,104,447$1,951,574$27,824,538
79$32,021,538$4,225,998$1,937,385$30,545,417
80$35,205,661$4,350,999$1,920,214$33,540,445
81$38,711,980$4,479,540$1,899,883$36,837,489
82$42,573,277$4,611,712$1,876,204$40,467,256
83$46,825,676$4,747,610$1,848,981$44,463,583
84$51,508,981$4,887,330$1,818,008$48,863,756
85$56,667,058$5,030,969$1,783,071$53,708,861
86$62,348,238$5,178,627$1,743,945$59,044,172
87$68,605,786$5,330,407$1,700,395$64,919,579
88$75,498,391$5,486,412$1,652,173$71,390,054
89$83,090,728$5,646,747$1,599,022$78,516,178
90$91,454,066$5,811,522$1,540,673$86,364,706
91$100,666,939$5,980,845$1,476,844$95,009,196
92$110,815,889$6,154,828$1,407,240$104,530,711
93$121,996,281$6,333,586$1,331,554$115,018,574
94$134,313,203$6,517,234$1,249,463$126,571,219
95$147,882,461$6,705,889$1,160,631$139,297,115
96$162,831,666$6,899,672$1,064,706$153,315,790
97$179,301,444$7,098,704$961,322$168,758,963
98$197,446,759$7,303,108$850,094$185,771,783
99$217,438,378$7,513,010$730,621$204,514,199
100$239,464,482$7,728,536$602,486$225,162,472