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

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$127,172$126,039$124,934$123,855$122,802$120,470
2 years$62,956$61,784$60,647$59,546$58,477$56,137
3 years$41,554$40,376$39,243$38,152$37,100$34,825
4 years$30,855$29,681$28,559$27,486$26,460$24,267
5 years$24,437$23,270$22,163$21,112$20,115$18,010
6 years$20,160$19,002$17,911$16,883$15,916$13,902
7 years$17,106$15,958$14,884$13,881$12,944$11,021
8 years$14,817$13,679$12,623$11,644$10,738$8,906
9 years$13,037$11,910$10,872$9,918$9,043$7,300
10 years$11,614$10,498$9,478$8,550$7,705$6,050
11 years$10,451$9,346$8,345$7,441$6,627$5,058
12 years$9,482$8,388$7,406$6,527$5,743$4,258
13 years$8,663$7,580$6,617$5,762$5,008$3,604
14 years$7,961$6,890$5,945$5,115$4,390$3,065
15 years$7,354$6,295$5,368$4,562$3,865$2,616
16 years$6,823$5,775$4,866$4,084$3,416$2,241
17 years$6,355$5,319$4,428$3,670$3,029$1,924
18 years$5,939$4,915$4,042$3,307$2,693$1,656
19 years$5,568$4,555$3,701$2,988$2,400$1,428
20 years$5,234$4,233$3,396$2,707$2,144$1,233
21 years$4,932$3,943$3,124$2,456$1,919$1,066
22 years$4,658$3,680$2,879$2,233$1,720$923
23 years$4,409$3,442$2,658$2,034$1,544$800
24 years$4,180$3,225$2,459$1,855$1,388$694
25 years$3,970$3,026$2,277$1,694$1,249$603
26 years$3,777$2,844$2,112$1,549$1,125$524
27 years$3,598$2,677$1,961$1,418$1,014$455
28 years$3,432$2,522$1,823$1,299$915$396
29 years$3,278$2,380$1,697$1,191$826$345
30 years$3,135$2,247$1,580$1,093$747$300
31 years$3,001$2,124$1,473$1,004$675$261
32 years$2,875$2,010$1,375$923$611$227
33 years$2,758$1,904$1,283$849$553$198
34 years$2,648$1,804$1,199$781$500$173
35 years$2,544$1,711$1,121$719$453$150
36 years$2,446$1,624$1,049$662$411$131
37 years$2,354$1,543$982$610$372$114
38 years$2,266$1,466$919$562$337$100
39 years$2,184$1,394$861$518$306$87
40 years$2,105$1,326$807$478$277$76
41 years$2,031$1,263$757$441$252$66
42 years$1,961$1,202$710$407$228$58
43 years$1,894$1,146$666$376$207$50
44 years$1,830$1,092$625$347$188$44
45 years$1,769$1,041$587$320$171$38
46 years$1,711$993$552$296$155$33
47 years$1,656$948$518$273$141$29
48 years$1,603$905$487$253$128$25
49 years$1,552$864$458$234$116$22
50 years$1,504$826$430$216$106$19

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 $4,111 every year, while hoping to spend $30,523 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: 34/47/19 Blend
45$1,540,000$1,540,000$1,540,000$1,540,000
46$1,701,320$1,619,700$1,595,830$1,749,105
47$1,842,379$1,666,590$1,616,815$1,831,548
48$1,996,802$1,714,753$1,637,479$1,917,277
49$2,165,922$1,764,222$1,657,780$2,009,086
50$2,351,203$1,815,026$1,677,672$2,107,531
51$2,554,260$1,867,196$1,697,109$2,213,222
52$2,776,871$1,920,765$1,716,038$2,326,832
53$3,020,993$1,975,764$1,734,407$2,449,100
54$3,288,784$2,032,226$1,752,159$2,580,838
55$3,582,618$2,090,183$1,769,235$2,722,941
56$3,905,112$2,149,670$1,785,571$2,876,394
57$4,259,148$2,210,718$1,801,103$3,042,279
58$4,647,901$2,273,363$1,815,760$3,221,791
59$5,074,868$2,337,639$1,829,468$3,416,241
60$5,543,902$2,403,580$1,842,152$3,627,075
61$6,059,245$2,471,221$1,853,730$3,855,884
62$6,625,575$2,540,597$1,864,117$4,104,422
63$7,248,041$2,611,744$1,873,222$4,374,617
64$7,932,318$2,684,697$1,880,952$4,668,596
65$8,684,659$2,759,491$1,887,208$4,988,698
66$9,511,950$2,836,162$1,891,886$5,337,502
67$10,421,781$2,914,746$1,894,876$5,717,847
68$11,422,513$2,995,279$1,896,064$6,132,861
69$12,523,356$3,077,795$1,895,330$6,585,990
70$13,734,463$3,162,331$1,892,547$7,081,029
71$15,067,014$3,248,921$1,887,584$7,622,160
72$16,533,332$3,337,601$1,880,300$8,213,990
73$18,146,993$3,428,404$1,870,551$8,861,593
74$19,922,956$3,521,366$1,858,185$9,570,562
75$21,877,704$3,616,520$1,843,041$10,347,059
76$24,029,399$3,713,898$1,824,951$11,197,870
77$26,398,051$3,813,533$1,803,741$12,130,476
78$29,005,713$3,915,456$1,779,226$13,153,118
79$31,876,680$4,019,698$1,751,215$14,274,877
80$35,037,726$4,126,287$1,719,505$15,505,760
81$38,518,352$4,235,253$1,683,886$16,856,792
82$42,351,065$4,346,622$1,644,138$18,340,124
83$46,571,686$4,460,419$1,600,029$19,969,144
84$51,219,685$4,576,667$1,551,318$21,758,606
85$56,338,558$4,695,389$1,497,752$23,724,767
86$61,976,232$4,816,603$1,439,067$25,885,542
87$68,185,519$4,940,329$1,374,987$28,260,675
88$75,024,616$5,066,579$1,305,224$30,871,921
89$82,557,653$5,195,368$1,229,475$33,743,255
90$90,855,296$5,326,703$1,147,425$36,901,097
91$99,995,417$5,460,592$1,058,744$40,374,564
92$110,063,826$5,597,038$963,088$44,195,740
93$121,155,082$5,736,038$860,098$48,399,985
94$133,373,386$5,877,590$749,396$53,026,263
95$146,833,562$6,021,682$630,592$58,117,516
96$161,662,143$6,168,302$503,274$63,721,067
97$177,998,563$6,317,431$367,016$69,889,065
98$195,996,475$6,469,043$221,369$76,678,981
99$215,825,199$6,623,109$65,868$84,154,150
100$237,671,321$6,779,593$0$92,384,370