Can I retire at age 46 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$126,346$125,221$124,123$123,051$122,004$119,885
2 years$62,548$61,383$60,254$59,159$58,097$55,968
3 years$41,284$40,114$38,988$37,904$36,859$34,788
4 years$30,655$29,488$28,373$27,308$26,288$24,290
5 years$24,278$23,119$22,019$20,975$19,984$18,065
6 years$20,029$18,878$17,795$16,774$15,813$13,975
7 years$16,995$15,854$14,787$13,791$12,860$11,104
8 years$14,721$13,590$12,541$11,569$10,669$8,994
9 years$12,952$11,832$10,801$9,854$8,984$7,390
10 years$11,539$10,430$9,417$8,494$7,655$6,140
11 years$10,383$9,285$8,291$7,392$6,584$5,145
12 years$9,420$8,334$7,358$6,484$5,705$4,342
13 years$8,606$7,531$6,574$5,725$4,975$3,686
14 years$7,910$6,846$5,906$5,082$4,361$3,143
15 years$7,306$6,254$5,333$4,532$3,840$2,690
16 years$6,778$5,738$4,835$4,058$3,394$2,310
17 years$6,313$5,284$4,399$3,646$3,009$1,989
18 years$5,901$4,883$4,016$3,286$2,676$1,717
19 years$5,532$4,525$3,677$2,969$2,385$1,485
20 years$5,200$4,205$3,374$2,689$2,130$1,286
21 years$4,900$3,917$3,104$2,440$1,906$1,116
22 years$4,628$3,656$2,860$2,219$1,709$969
23 years$4,380$3,420$2,641$2,021$1,534$843
24 years$4,153$3,204$2,443$1,843$1,379$733
25 years$3,945$3,007$2,262$1,683$1,241$639
26 years$3,752$2,826$2,098$1,539$1,117$557
27 years$3,575$2,660$1,948$1,409$1,007$486
28 years$3,410$2,506$1,811$1,291$909$424
29 years$3,257$2,364$1,686$1,184$821$370
30 years$3,114$2,233$1,570$1,086$742$323
31 years$2,981$2,111$1,464$998$671$282
32 years$2,857$1,997$1,366$917$607$247
33 years$2,740$1,891$1,275$843$549$216
34 years$2,630$1,793$1,191$776$497$188
35 years$2,527$1,700$1,114$714$450$165
36 years$2,430$1,614$1,042$658$408$144
37 years$2,338$1,533$975$606$370$126
38 years$2,252$1,457$913$559$335$110
39 years$2,170$1,385$856$515$304$97
40 years$2,092$1,318$802$475$276$84
41 years$2,018$1,254$752$438$250$74
42 years$1,948$1,195$705$404$227$65
43 years$1,881$1,138$662$373$206$57
44 years$1,818$1,085$621$345$187$50
45 years$1,757$1,035$583$318$170$43
46 years$1,700$987$548$294$154$38
47 years$1,645$942$515$272$140$33
48 years$1,592$899$484$251$127$29
49 years$1,542$859$455$232$115$25
50 years$1,494$820$428$214$105$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,530,000, adding $2,432 every year, while hoping to spend $59,936 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: 82/13/5 Blend
45$1,530,000$1,530,000$1,530,000$1,530,000
46$1,688,569$1,607,479$1,583,764$1,826,681
47$1,797,031$1,622,474$1,573,048$1,932,260
48$1,914,548$1,636,195$1,559,965$2,039,832
49$2,041,980$1,648,516$1,544,372$2,156,049
50$2,180,272$1,659,303$1,526,118$2,281,739
51$2,330,465$1,668,415$1,505,049$2,417,816
52$2,493,704$1,675,699$1,481,000$2,565,284
53$2,671,248$1,680,994$1,453,799$2,725,251
54$2,864,481$1,684,129$1,423,267$2,898,937
55$3,074,929$1,684,921$1,389,217$3,087,683
56$3,304,267$1,683,178$1,351,452$3,292,969
57$3,554,343$1,678,694$1,309,766$3,516,425
58$3,827,187$1,671,251$1,263,944$3,759,846
59$4,125,035$1,660,618$1,213,761$4,025,209
60$4,450,350$1,646,549$1,158,983$4,314,695
61$4,805,840$1,628,784$1,099,364$4,630,702
62$5,194,489$1,607,048$1,034,646$4,975,877
63$5,619,582$1,581,049$964,561$5,353,134
64$6,084,735$1,550,475$888,830$5,765,684
65$6,593,930$1,515,001$807,157$6,217,067
66$7,151,552$1,474,277$719,238$6,711,182
67$7,762,430$1,427,937$624,753$7,252,326
68$8,431,883$1,375,591$523,367$7,845,235
69$9,165,767$1,316,827$414,732$8,495,128
70$9,970,533$1,251,209$298,483$9,207,756
71$10,853,285$1,178,276$174,241$9,989,456
72$11,821,850$1,097,541$41,607$10,847,214
73$12,884,847$1,008,489$0$11,788,727
74$14,051,769$910,573$0$12,827,811
75$15,333,078$803,219$0$13,971,198
76$16,740,292$685,817$0$15,226,994
77$18,286,104$557,724$0$16,606,582
78$19,984,496$418,262$0$18,122,502
79$21,850,870$266,712$0$19,788,575
80$23,902,194$102,317$0$21,620,032
81$26,157,164$0$0$23,633,657
82$28,636,374$0$0$25,858,778
83$31,362,515$0$0$28,321,656
84$34,360,588$0$0$31,030,243
85$37,658,136$0$0$34,009,429
86$41,285,506$0$0$37,286,637
87$45,276,134$0$0$40,892,079
88$49,666,861$0$0$44,859,046
89$54,498,278$0$0$49,224,217
90$59,815,109$0$0$54,028,007
91$65,666,634$0$0$59,314,944
92$72,107,152$0$0$65,134,096
93$79,196,492$0$0$71,539,526
94$87,000,578$0$0$78,590,804
95$95,592,052$0$0$86,353,572
96$105,050,955$0$0$94,900,157
97$115,465,484$0$0$104,310,258
98$126,932,824$0$0$114,671,692
99$139,560,063$0$0$126,081,229
100$153,465,203$0$0$138,645,499