Can I retire at age 46 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$125,520$124,402$123,311$122,247$121,207$120,141
2 years$62,139$60,981$59,860$58,772$57,718$56,644
3 years$41,014$39,852$38,733$37,656$36,618$35,570
4 years$30,454$29,295$28,188$27,129$26,117$25,101
5 years$24,120$22,968$21,875$20,838$19,853$18,874
6 years$19,898$18,755$17,678$16,664$15,709$14,767
7 years$16,884$15,751$14,691$13,700$12,776$11,872
8 years$14,624$13,501$12,459$11,493$10,599$9,732
9 years$12,868$11,755$10,731$9,789$8,926$8,097
10 years$11,463$10,362$9,355$8,439$7,605$6,813
11 years$10,315$9,224$8,236$7,344$6,541$5,785
12 years$9,359$8,279$7,310$6,442$5,668$4,948
13 years$8,550$7,482$6,531$5,687$4,943$4,258
14 years$7,858$6,801$5,868$5,048$4,333$3,682
15 years$7,258$6,213$5,298$4,502$3,815$3,197
16 years$6,734$5,700$4,803$4,031$3,372$2,786
17 years$6,272$5,250$4,371$3,622$2,989$2,435
18 years$5,862$4,851$3,990$3,264$2,658$2,133
19 years$5,495$4,496$3,653$2,950$2,369$1,873
20 years$5,166$4,178$3,352$2,671$2,116$1,648
21 years$4,868$3,891$3,083$2,424$1,894$1,453
22 years$4,598$3,632$2,842$2,204$1,698$1,282
23 years$4,352$3,397$2,624$2,008$1,524$1,133
24 years$4,126$3,183$2,427$1,831$1,370$1,002
25 years$3,919$2,987$2,248$1,672$1,232$887
26 years$3,728$2,807$2,084$1,529$1,110$786
27 years$3,551$2,642$1,936$1,399$1,001$697
28 years$3,388$2,490$1,799$1,282$903$619
29 years$3,236$2,349$1,675$1,176$815$550
30 years$3,094$2,218$1,560$1,079$737$488
31 years$2,962$2,097$1,454$991$666$434
32 years$2,838$1,984$1,357$911$603$386
33 years$2,722$1,879$1,267$838$545$343
34 years$2,613$1,781$1,184$771$494$305
35 years$2,511$1,689$1,107$709$447$272
36 years$2,414$1,603$1,035$653$405$242
37 years$2,323$1,523$969$602$367$216
38 years$2,237$1,447$907$555$333$192
39 years$2,155$1,376$850$512$302$171
40 years$2,078$1,309$797$472$274$152
41 years$2,005$1,246$747$435$248$136
42 years$1,935$1,187$701$402$225$121
43 years$1,869$1,131$658$371$205$108
44 years$1,806$1,078$617$342$186$96
45 years$1,746$1,028$580$316$169$86
46 years$1,689$981$544$292$153$76
47 years$1,634$936$511$270$139$68
48 years$1,582$893$481$249$126$61
49 years$1,532$853$452$231$115$54
50 years$1,484$815$425$213$104$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,520,000, adding $2,600 every year, while hoping to spend $50,645 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: 74/11/15 Blend
45$1,520,000$1,520,000$1,520,000$1,520,000
46$1,677,722$1,597,162$1,573,602$1,796,162
47$1,794,964$1,621,537$1,572,432$1,899,261
48$1,922,467$1,645,409$1,569,525$2,005,687
49$2,061,224$1,668,700$1,564,770$2,120,941
50$2,212,329$1,691,326$1,558,049$2,245,888
51$2,376,983$1,713,198$1,549,241$2,381,479
52$2,556,511$1,734,220$1,538,216$2,528,762
53$2,752,368$1,754,290$1,524,839$2,688,892
54$2,966,158$1,773,299$1,508,970$2,863,142
55$3,199,646$1,791,130$1,490,460$3,052,916
56$3,454,774$1,807,659$1,469,155$3,259,759
57$3,733,681$1,822,755$1,444,892$3,485,376
58$4,038,722$1,836,276$1,417,501$3,731,644
59$4,372,490$1,848,071$1,386,806$4,000,632
60$4,737,840$1,857,982$1,352,619$4,294,623
61$5,137,915$1,865,839$1,314,747$4,616,129
62$5,576,177$1,871,459$1,272,986$4,967,923
63$6,056,439$1,874,653$1,227,123$5,353,058
64$6,582,899$1,875,215$1,176,935$5,774,900
65$7,160,183$1,872,929$1,122,191$6,237,160
66$7,793,384$1,867,564$1,062,646$6,743,927
67$8,488,111$1,858,876$998,046$7,299,709
68$9,250,543$1,846,607$928,127$7,909,474
69$10,087,489$1,830,480$852,609$8,578,697
70$11,006,444$1,810,206$771,203$9,313,416
71$12,015,669$1,785,473$683,606$10,120,283
72$13,124,262$1,755,956$589,501$11,006,631
73$14,342,246$1,721,307$488,559$11,980,542
74$15,680,662$1,681,158$380,432$13,050,925
75$17,151,675$1,635,121$264,763$14,227,600
76$18,768,687$1,582,782$141,173$15,521,389
77$20,546,461$1,523,707$9,270$16,944,222
78$22,501,264$1,457,433$0$18,509,247
79$24,651,018$1,383,472$0$20,252,001
80$27,015,467$1,301,307$0$22,170,365
81$29,616,367$1,210,393$0$24,280,529
82$32,477,686$1,110,152$0$26,601,974
83$35,625,834$999,973$0$29,156,164
84$39,089,908$879,211$0$31,966,755
85$42,901,971$747,184$0$35,059,812
86$47,097,348$603,173$0$38,464,059
87$51,714,964$446,415$0$42,211,151
88$56,797,708$276,106$0$46,335,969
89$62,392,838$91,400$0$50,876,954
90$68,552,427$0$0$55,876,466
91$75,333,853$0$0$61,394,331
92$82,800,340$0$0$67,481,876
93$91,021,556$0$0$74,184,848
94$100,074,266$0$0$81,565,848
95$110,043,061$0$0$89,693,856
96$121,021,151$0$0$98,644,881
97$133,111,249$0$0$108,502,682
98$146,426,533$0$0$119,359,553
99$161,091,721$0$0$131,317,198
100$177,244,244$0$0$144,487,686