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

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$125,520$124,402$123,311$122,247$121,207$116,628
2 years$62,139$60,981$59,860$58,772$57,718$53,158
3 years$41,014$39,852$38,733$37,656$36,618$32,221
4 years$30,454$29,295$28,188$27,129$26,117$21,915
5 years$24,120$22,968$21,875$20,838$19,853$15,859
6 years$19,898$18,755$17,678$16,664$15,709$11,924
7 years$16,884$15,751$14,691$13,700$12,776$9,199
8 years$14,624$13,501$12,459$11,493$10,599$7,227
9 years$12,868$11,755$10,731$9,789$8,926$5,754
10 years$11,463$10,362$9,355$8,439$7,605$4,628
11 years$10,315$9,224$8,236$7,344$6,541$3,751
12 years$9,359$8,279$7,310$6,442$5,668$3,059
13 years$8,550$7,482$6,531$5,687$4,943$2,507
14 years$7,858$6,801$5,868$5,048$4,333$2,063
15 years$7,258$6,213$5,298$4,502$3,815$1,702
16 years$6,734$5,700$4,803$4,031$3,372$1,409
17 years$6,272$5,250$4,371$3,622$2,989$1,168
18 years$5,862$4,851$3,990$3,264$2,658$970
19 years$5,495$4,496$3,653$2,950$2,369$807
20 years$5,166$4,178$3,352$2,671$2,116$672
21 years$4,868$3,891$3,083$2,424$1,894$560
22 years$4,598$3,632$2,842$2,204$1,698$467
23 years$4,352$3,397$2,624$2,008$1,524$390
24 years$4,126$3,183$2,427$1,831$1,370$326
25 years$3,919$2,987$2,248$1,672$1,232$272
26 years$3,728$2,807$2,084$1,529$1,110$227
27 years$3,551$2,642$1,936$1,399$1,001$190
28 years$3,388$2,490$1,799$1,282$903$159
29 years$3,236$2,349$1,675$1,176$815$133
30 years$3,094$2,218$1,560$1,079$737$111
31 years$2,962$2,097$1,454$991$666$93
32 years$2,838$1,984$1,357$911$603$78
33 years$2,722$1,879$1,267$838$545$65
34 years$2,613$1,781$1,184$771$494$55
35 years$2,511$1,689$1,107$709$447$46
36 years$2,414$1,603$1,035$653$405$38
37 years$2,323$1,523$969$602$367$32
38 years$2,237$1,447$907$555$333$27
39 years$2,155$1,376$850$512$302$22
40 years$2,078$1,309$797$472$274$19
41 years$2,005$1,246$747$435$248$16
42 years$1,935$1,187$701$402$225$13
43 years$1,869$1,131$658$371$205$11
44 years$1,806$1,078$617$342$186$9
45 years$1,746$1,028$580$316$169$8
46 years$1,689$981$544$292$153$6
47 years$1,634$936$511$270$139$5
48 years$1,582$893$481$249$126$5
49 years$1,532$853$452$231$115$4
50 years$1,484$815$425$213$104$3

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 $5,786 every year, while hoping to spend $26,774 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: 70/8/22 Blend
45$1,520,000$1,520,000$1,520,000$1,520,000
46$1,681,008$1,600,448$1,576,888$1,789,083
47$1,823,984$1,650,383$1,601,227$1,911,948
48$1,980,645$1,701,867$1,625,483$2,042,706
49$2,152,361$1,754,948$1,649,626$2,185,188
50$2,340,637$1,809,676$1,673,624$2,340,552
51$2,547,132$1,866,100$1,697,440$2,510,074
52$2,773,673$1,924,273$1,721,039$2,695,160
53$3,022,274$1,984,249$1,744,380$2,897,358
54$3,295,152$2,046,082$1,767,422$3,118,373
55$3,594,748$2,109,831$1,790,121$3,360,084
56$3,923,753$2,175,553$1,812,431$3,624,562
57$4,285,130$2,243,309$1,834,302$3,914,085
58$4,682,143$2,313,162$1,855,681$4,231,166
59$5,118,390$2,385,175$1,876,515$4,578,571
60$5,597,833$2,459,415$1,896,745$4,959,350
61$6,124,835$2,535,950$1,916,309$5,376,862
62$6,704,206$2,614,850$1,935,144$5,834,808
63$7,341,245$2,696,187$1,953,180$6,337,264
64$8,041,787$2,780,035$1,970,347$6,888,724
65$8,812,264$2,866,472$1,986,569$7,494,138
66$9,659,762$2,955,576$2,001,766$8,158,960
67$10,592,087$3,047,429$2,015,854$8,889,201
68$11,617,841$3,142,113$2,028,746$9,691,483
69$12,746,500$3,239,716$2,040,348$10,573,102
70$13,988,507$3,340,326$2,050,564$11,542,099
71$15,355,368$3,444,035$2,059,291$12,607,334
72$16,859,759$3,550,937$2,066,421$13,778,570
73$18,515,650$3,661,128$2,071,842$15,066,565
74$20,338,432$3,774,709$2,075,434$16,483,174
75$22,345,065$3,891,782$2,077,073$18,041,459
76$24,554,235$4,012,454$2,076,629$19,755,816
77$26,986,535$4,136,832$2,073,964$21,642,106
78$29,664,655$4,265,030$2,068,935$23,717,811
79$32,613,595$4,397,162$2,061,390$26,002,191
80$35,860,907$4,533,348$2,051,172$28,516,472
81$39,436,947$4,673,710$2,038,114$31,284,047
82$43,375,168$4,818,374$2,022,043$34,330,689
83$47,712,430$4,967,469$2,002,776$37,684,804
84$52,489,353$5,121,129$1,980,124$41,377,693
85$57,750,694$5,279,492$1,953,885$45,443,850
86$63,545,776$5,442,698$1,923,852$49,921,285
87$69,928,949$5,610,894$1,889,804$54,851,887
88$76,960,102$5,784,229$1,851,513$60,281,815
89$84,705,233$5,962,856$1,808,739$66,261,939
90$93,237,066$6,146,935$1,761,231$72,848,314
91$102,635,741$6,336,629$1,708,727$80,102,714
92$112,989,568$6,532,106$1,650,951$88,093,215
93$124,395,862$6,733,538$1,587,616$96,894,834
94$136,961,862$6,941,102$1,518,423$106,590,241
95$150,805,738$7,154,983$1,443,056$117,270,538
96$166,057,713$7,375,367$1,361,189$129,036,121
97$182,861,289$7,602,448$1,272,477$141,997,625
98$201,374,598$7,836,426$1,176,563$156,276,969
99$221,771,900$8,077,504$1,073,071$172,008,509
100$244,245,226$8,325,894$961,611$189,340,307