Can I retire at age 46 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$127,172$126,039$124,934$123,855$122,802$118,210
2 years$62,956$61,784$60,647$59,546$58,477$53,903
3 years$41,554$40,376$39,243$38,152$37,100$32,688
4 years$30,855$29,681$28,559$27,486$26,460$22,244
5 years$24,437$23,270$22,163$21,112$20,115$16,105
6 years$20,160$19,002$17,911$16,883$15,916$12,116
7 years$17,106$15,958$14,884$13,881$12,944$9,352
8 years$14,817$13,679$12,623$11,644$10,738$7,352
9 years$13,037$11,910$10,872$9,918$9,043$5,857
10 years$11,614$10,498$9,478$8,550$7,705$4,714
11 years$10,451$9,346$8,345$7,441$6,627$3,823
12 years$9,482$8,388$7,406$6,527$5,743$3,120
13 years$8,663$7,580$6,617$5,762$5,008$2,559
14 years$7,961$6,890$5,945$5,115$4,390$2,107
15 years$7,354$6,295$5,368$4,562$3,865$1,740
16 years$6,823$5,775$4,866$4,084$3,416$1,441
17 years$6,355$5,319$4,428$3,670$3,029$1,195
18 years$5,939$4,915$4,042$3,307$2,693$994
19 years$5,568$4,555$3,701$2,988$2,400$827
20 years$5,234$4,233$3,396$2,707$2,144$689
21 years$4,932$3,943$3,124$2,456$1,919$575
22 years$4,658$3,680$2,879$2,233$1,720$480
23 years$4,409$3,442$2,658$2,034$1,544$401
24 years$4,180$3,225$2,459$1,855$1,388$335
25 years$3,970$3,026$2,277$1,694$1,249$280
26 years$3,777$2,844$2,112$1,549$1,125$234
27 years$3,598$2,677$1,961$1,418$1,014$196
28 years$3,432$2,522$1,823$1,299$915$164
29 years$3,278$2,380$1,697$1,191$826$137
30 years$3,135$2,247$1,580$1,093$747$115
31 years$3,001$2,124$1,473$1,004$675$96
32 years$2,875$2,010$1,375$923$611$81
33 years$2,758$1,904$1,283$849$553$68
34 years$2,648$1,804$1,199$781$500$57
35 years$2,544$1,711$1,121$719$453$48
36 years$2,446$1,624$1,049$662$411$40
37 years$2,354$1,543$982$610$372$33
38 years$2,266$1,466$919$562$337$28
39 years$2,184$1,394$861$518$306$23
40 years$2,105$1,326$807$478$277$20
41 years$2,031$1,263$757$441$252$16
42 years$1,961$1,202$710$407$228$14
43 years$1,894$1,146$666$376$207$12
44 years$1,830$1,092$625$347$188$10
45 years$1,769$1,041$587$320$171$8
46 years$1,711$993$552$296$155$7
47 years$1,656$948$518$273$141$6
48 years$1,603$905$487$253$128$5
49 years$1,552$864$458$234$116$4
50 years$1,504$826$430$216$106$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,540,000, adding $2,872 every year, while hoping to spend $20,497 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: 55/40/5 Blend
45$1,540,000$1,540,000$1,540,000$1,540,000
46$1,700,042$1,618,422$1,594,552$1,791,655
47$1,851,638$1,675,917$1,626,161$1,911,212
48$2,018,010$1,735,541$1,658,142$2,038,774
49$2,200,642$1,797,378$1,690,486$2,177,140
50$2,401,173$1,861,514$1,723,182$2,327,340
51$2,621,403$1,928,040$1,756,219$2,490,501
52$2,863,320$1,997,047$1,789,586$2,667,866
53$3,129,109$2,068,633$1,823,268$2,860,801
54$3,421,182$2,142,899$1,857,251$3,070,809
55$3,742,192$2,219,951$1,891,519$3,299,541
56$4,095,065$2,299,899$1,926,054$3,548,816
57$4,483,023$2,382,855$1,960,838$3,820,634
58$4,909,616$2,468,939$1,995,851$4,117,194
59$5,378,755$2,558,276$2,031,070$4,440,920
60$5,894,750$2,650,993$2,066,473$4,794,475
61$6,462,348$2,747,225$2,102,033$5,180,792
62$7,086,781$2,847,112$2,137,724$5,603,100
63$7,773,811$2,950,800$2,173,517$6,064,951
64$8,529,791$3,058,440$2,209,380$6,570,256
65$9,361,716$3,170,190$2,245,282$7,123,322
66$10,277,298$3,286,216$2,281,185$7,728,888
67$11,285,030$3,406,688$2,317,052$8,392,174
68$12,394,274$3,531,786$2,352,844$9,118,926
69$13,615,342$3,661,697$2,388,517$9,915,472
70$14,959,601$3,796,613$2,424,026$10,788,778
71$16,439,572$3,936,739$2,459,323$11,746,518
72$18,069,054$4,082,285$2,494,356$12,797,140
73$19,863,252$4,233,471$2,529,071$13,949,950
74$21,838,919$4,390,527$2,563,410$15,215,196
75$24,014,517$4,553,691$2,597,313$16,604,165
76$26,410,388$4,723,213$2,630,714$18,129,287
77$29,048,951$4,899,353$2,663,545$19,804,255
78$31,954,904$5,082,381$2,695,735$21,644,150
79$35,155,468$5,272,582$2,727,206$23,665,585
80$38,680,636$5,470,249$2,757,877$25,886,859
81$42,563,460$5,675,690$2,787,665$28,328,129
82$46,840,360$5,889,226$2,816,479$31,011,599
83$51,551,469$6,111,191$2,844,224$33,961,730
84$56,741,014$6,341,934$2,870,800$37,205,469
85$62,457,728$6,581,819$2,896,102$40,772,500
86$68,755,314$6,831,226$2,920,020$44,695,527
87$75,692,952$7,090,551$2,942,436$49,010,578
88$83,335,853$7,360,209$2,963,227$53,757,347
89$91,755,880$7,640,629$2,982,265$58,979,563
90$101,032,222$7,932,263$2,999,414$64,725,405
91$111,252,145$8,235,579$3,014,530$71,047,955
92$122,511,811$8,551,070$3,027,464$78,005,695
93$134,917,189$8,879,245$3,038,058$85,663,059
94$148,585,054$9,220,641$3,046,145$94,091,041
95$163,644,091$9,575,813$3,051,552$103,367,861
96$180,236,105$9,945,345$3,054,096$113,579,704
97$198,517,365$10,329,844$3,053,585$124,821,527
98$218,660,074$10,729,944$3,049,818$137,197,962
99$240,853,999$11,146,309$3,042,584$150,824,290
100$265,308,258$11,579,629$3,031,662$165,827,540