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%18.7%
1 years$127,172$126,039$124,934$123,855$122,802$118,492
2 years$62,956$61,784$60,647$59,546$58,477$54,180
3 years$41,554$40,376$39,243$38,152$37,100$32,951
4 years$30,855$29,681$28,559$27,486$26,460$22,491
5 years$24,437$23,270$22,163$21,112$20,115$16,336
6 years$20,160$19,002$17,911$16,883$15,916$12,330
7 years$17,106$15,958$14,884$13,881$12,944$9,550
8 years$14,817$13,679$12,623$11,644$10,738$7,534
9 years$13,037$11,910$10,872$9,918$9,043$6,025
10 years$11,614$10,498$9,478$8,550$7,705$4,867
11 years$10,451$9,346$8,345$7,441$6,627$3,963
12 years$9,482$8,388$7,406$6,527$5,743$3,247
13 years$8,663$7,580$6,617$5,762$5,008$2,674
14 years$7,961$6,890$5,945$5,115$4,390$2,211
15 years$7,354$6,295$5,368$4,562$3,865$1,834
16 years$6,823$5,775$4,866$4,084$3,416$1,525
17 years$6,355$5,319$4,428$3,670$3,029$1,271
18 years$5,939$4,915$4,042$3,307$2,693$1,061
19 years$5,568$4,555$3,701$2,988$2,400$887
20 years$5,234$4,233$3,396$2,707$2,144$743
21 years$4,932$3,943$3,124$2,456$1,919$622
22 years$4,658$3,680$2,879$2,233$1,720$522
23 years$4,409$3,442$2,658$2,034$1,544$438
24 years$4,180$3,225$2,459$1,855$1,388$368
25 years$3,970$3,026$2,277$1,694$1,249$309
26 years$3,777$2,844$2,112$1,549$1,125$260
27 years$3,598$2,677$1,961$1,418$1,014$219
28 years$3,432$2,522$1,823$1,299$915$184
29 years$3,278$2,380$1,697$1,191$826$155
30 years$3,135$2,247$1,580$1,093$747$130
31 years$3,001$2,124$1,473$1,004$675$110
32 years$2,875$2,010$1,375$923$611$92
33 years$2,758$1,904$1,283$849$553$78
34 years$2,648$1,804$1,199$781$500$65
35 years$2,544$1,711$1,121$719$453$55
36 years$2,446$1,624$1,049$662$411$46
37 years$2,354$1,543$982$610$372$39
38 years$2,266$1,466$919$562$337$33
39 years$2,184$1,394$861$518$306$28
40 years$2,105$1,326$807$478$277$23
41 years$2,031$1,263$757$441$252$20
42 years$1,961$1,202$710$407$228$17
43 years$1,894$1,146$666$376$207$14
44 years$1,830$1,092$625$347$188$12
45 years$1,769$1,041$587$320$171$10
46 years$1,711$993$552$296$155$8
47 years$1,656$948$518$273$141$7
48 years$1,603$905$487$253$128$6
49 years$1,552$864$458$234$116$5
50 years$1,504$826$430$216$106$4

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 $2,500 every year, while hoping to spend $59,965 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: 56/20/24 Blend
45$1,540,000$1,540,000$1,540,000$1,540,000
46$1,699,659$1,618,039$1,594,169$1,783,582
47$1,809,222$1,633,520$1,583,771$1,856,841
48$1,927,950$1,647,751$1,571,015$1,930,083
49$2,056,716$1,660,605$1,555,759$2,008,615
50$2,196,477$1,671,952$1,537,854$2,092,964
51$2,348,289$1,681,648$1,517,142$2,183,712
52$2,513,310$1,689,544$1,493,462$2,281,503
53$2,692,816$1,695,480$1,466,642$2,387,049
54$2,888,211$1,699,287$1,436,502$2,501,135
55$3,101,039$1,700,783$1,402,856$2,624,631
56$3,333,000$1,699,776$1,365,506$2,758,497
57$3,585,965$1,696,063$1,324,249$2,903,793
58$3,861,990$1,689,428$1,278,869$3,061,691
59$4,163,344$1,679,640$1,229,142$3,233,487
60$4,492,520$1,666,457$1,174,833$3,420,610
61$4,852,264$1,649,621$1,115,696$3,624,640
62$5,245,599$1,628,857$1,051,477$3,847,322
63$5,675,855$1,603,875$981,905$4,090,584
64$6,146,695$1,574,368$906,702$4,356,552
65$6,662,156$1,540,010$825,575$4,647,577
66$7,226,682$1,500,456$738,217$4,966,254
67$7,845,166$1,455,341$644,310$5,315,447
68$8,522,998$1,404,279$543,521$5,698,318
69$9,266,115$1,346,859$435,499$6,118,359
70$10,081,054$1,282,650$319,883$6,579,424
71$10,975,014$1,211,193$196,293$7,085,765
72$11,955,928$1,132,004$64,331$7,642,078
73$13,032,532$1,044,571$0$8,253,545
74$14,214,447$948,352$0$8,945,472
75$15,512,275$842,776$0$9,723,433
76$16,937,692$727,236$0$10,578,017
77$18,503,561$601,095$0$11,517,027
78$20,224,052$463,677$0$12,549,064
79$22,114,777$314,269$0$13,683,613
80$24,192,935$152,118$0$14,931,128
81$26,477,471$0$0$16,303,133
82$28,989,261$0$0$17,817,522
83$31,751,303$0$0$19,519,755
84$34,788,935$0$0$21,391,988
85$38,130,074$0$0$23,451,448
86$41,805,478$0$0$25,717,113
87$45,849,037$0$0$28,209,894
88$50,298,090$0$0$30,952,833
89$55,193,778$0$0$33,971,316
90$60,581,433$0$0$37,293,315
91$66,511,003$0$0$40,949,651
92$73,037,521$0$0$44,974,284
93$80,221,630$0$0$49,404,634
94$88,130,149$0$0$54,281,934
95$96,836,702$0$0$59,651,617
96$106,422,418$0$0$65,563,744
97$116,976,691$0$0$72,073,480
98$128,598,023$0$0$79,241,609
99$141,394,958$0$0$87,135,111
100$155,487,098$0$0$95,827,792