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%12.8%
1 years$125,520$124,402$123,311$122,247$121,207$119,792
2 years$62,139$60,981$59,860$58,772$57,718$56,293
3 years$41,014$39,852$38,733$37,656$36,618$35,229
4 years$30,454$29,295$28,188$27,129$26,117$24,773
5 years$24,120$22,968$21,875$20,838$19,853$18,559
6 years$19,898$18,755$17,678$16,664$15,709$14,466
7 years$16,884$15,751$14,691$13,700$12,776$11,584
8 years$14,624$13,501$12,459$11,493$10,599$9,459
9 years$12,868$11,755$10,731$9,789$8,926$7,837
10 years$11,463$10,362$9,355$8,439$7,605$6,567
11 years$10,315$9,224$8,236$7,344$6,541$5,552
12 years$9,359$8,279$7,310$6,442$5,668$4,728
13 years$8,550$7,482$6,531$5,687$4,943$4,049
14 years$7,858$6,801$5,868$5,048$4,333$3,486
15 years$7,258$6,213$5,298$4,502$3,815$3,012
16 years$6,734$5,700$4,803$4,031$3,372$2,612
17 years$6,272$5,250$4,371$3,622$2,989$2,272
18 years$5,862$4,851$3,990$3,264$2,658$1,981
19 years$5,495$4,496$3,653$2,950$2,369$1,731
20 years$5,166$4,178$3,352$2,671$2,116$1,515
21 years$4,868$3,891$3,083$2,424$1,894$1,328
22 years$4,598$3,632$2,842$2,204$1,698$1,166
23 years$4,352$3,397$2,624$2,008$1,524$1,025
24 years$4,126$3,183$2,427$1,831$1,370$902
25 years$3,919$2,987$2,248$1,672$1,232$794
26 years$3,728$2,807$2,084$1,529$1,110$700
27 years$3,551$2,642$1,936$1,399$1,001$617
28 years$3,388$2,490$1,799$1,282$903$545
29 years$3,236$2,349$1,675$1,176$815$481
30 years$3,094$2,218$1,560$1,079$737$425
31 years$2,962$2,097$1,454$991$666$375
32 years$2,838$1,984$1,357$911$603$332
33 years$2,722$1,879$1,267$838$545$294
34 years$2,613$1,781$1,184$771$494$260
35 years$2,511$1,689$1,107$709$447$230
36 years$2,414$1,603$1,035$653$405$203
37 years$2,323$1,523$969$602$367$180
38 years$2,237$1,447$907$555$333$159
39 years$2,155$1,376$850$512$302$141
40 years$2,078$1,309$797$472$274$125
41 years$2,005$1,246$747$435$248$111
42 years$1,935$1,187$701$402$225$98
43 years$1,869$1,131$658$371$205$87
44 years$1,806$1,078$617$342$186$77
45 years$1,746$1,028$580$316$169$68
46 years$1,689$981$544$292$153$60
47 years$1,634$936$511$270$139$54
48 years$1,582$893$481$249$126$47
49 years$1,532$853$452$231$115$42
50 years$1,484$815$425$213$104$37

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 $6,107 every year, while hoping to spend $47,227 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: 64/31/5 Blend
45$1,520,000$1,520,000$1,520,000$1,520,000
46$1,681,339$1,600,779$1,577,219$1,787,358
47$1,802,587$1,628,968$1,579,807$1,886,817
48$1,934,619$1,656,956$1,580,899$1,989,224
49$2,078,485$1,684,682$1,580,394$2,099,814
50$2,235,342$1,712,083$1,578,188$2,219,377
51$2,406,460$1,739,089$1,574,172$2,348,781
52$2,593,241$1,765,626$1,568,228$2,488,984
53$2,797,226$1,791,615$1,560,238$2,641,040
54$3,020,110$1,816,972$1,550,073$2,806,113
55$3,263,762$1,841,604$1,537,601$2,985,482
56$3,530,237$1,865,414$1,522,682$3,180,561
57$3,821,801$1,888,299$1,505,171$3,392,904
58$4,140,945$1,910,146$1,484,916$3,624,225
59$4,490,417$1,930,838$1,461,755$3,876,415
60$4,873,237$1,950,247$1,435,522$4,151,556
61$5,292,737$1,968,239$1,406,041$4,451,942
62$5,752,581$1,984,668$1,373,129$4,780,104
63$6,256,810$1,999,382$1,336,594$5,138,830
64$6,809,870$2,012,217$1,296,236$5,531,195
65$7,416,661$2,023,000$1,251,843$5,960,584
66$8,082,578$2,031,544$1,203,198$6,430,734
67$8,813,565$2,037,654$1,150,069$6,945,761
68$9,616,169$2,041,120$1,092,217$7,510,201
69$10,497,603$2,041,720$1,029,391$8,129,057
70$11,465,812$2,039,218$961,329$8,807,842
71$12,529,548$2,033,363$887,757$9,552,633
72$13,698,454$2,023,889$808,388$10,370,130
73$14,983,150$2,010,513$722,924$11,267,717
74$16,395,341$1,992,938$631,051$12,253,535
75$17,947,918$1,970,844$532,443$13,336,557
76$19,655,085$1,943,895$426,760$14,526,673
77$21,532,493$1,911,736$313,646$15,834,788
78$23,597,384$1,873,987$192,729$17,272,920
79$25,868,753$1,830,248$63,621$18,854,316
80$28,367,531$1,780,096$0$20,593,580
81$31,116,781$1,723,082$0$22,510,767
82$34,141,910$1,658,730$0$24,623,542
83$37,470,915$1,586,539$0$26,948,090
84$41,134,645$1,505,975$0$29,505,994
85$45,167,089$1,416,478$0$32,321,044
86$49,605,698$1,317,452$0$35,419,461
87$54,491,740$1,208,268$0$38,830,145
88$59,870,686$1,088,261$0$42,584,949
89$65,792,638$956,728$0$46,718,983
90$72,312,807$812,928$0$51,270,943
91$79,492,027$656,075$0$56,283,478
92$87,397,331$485,340$0$61,803,599
93$96,102,586$299,848$0$67,883,116
94$105,689,184$98,676$0$74,579,133
95$116,246,816$0$0$81,954,591
96$127,874,312$0$0$90,119,504
97$140,680,578$0$0$99,149,375
98$154,785,620$0$0$109,095,180
99$170,321,679$0$0$120,050,183
100$187,434,476$0$0$132,117,155