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 $3,318 every year, while hoping to spend $40,354 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: 54/27/19 Blend
45$1,540,000$1,540,000$1,540,000$1,540,000
46$1,700,503$1,618,883$1,595,013$1,783,400
47$1,831,017$1,655,271$1,605,509$1,876,896
48$1,973,492$1,692,091$1,615,005$1,974,074
49$2,129,105$1,729,319$1,623,424$2,078,978
50$2,299,150$1,766,933$1,630,685$2,192,355
51$2,485,056$1,804,905$1,636,706$2,315,032
52$2,688,394$1,843,207$1,641,397$2,447,918
53$2,910,892$1,881,807$1,644,666$2,592,014
54$3,154,456$1,920,668$1,646,415$2,748,426
55$3,421,183$1,959,754$1,646,543$2,918,371
56$3,713,383$1,999,021$1,644,941$3,103,190
57$4,033,599$2,038,424$1,641,498$3,304,362
58$4,384,633$2,077,914$1,636,095$3,523,517
59$4,769,571$2,117,436$1,628,609$3,762,451
60$5,191,809$2,156,933$1,618,910$4,023,146
61$5,655,092$2,196,341$1,606,861$4,307,783
62$6,163,542$2,235,592$1,592,322$4,618,769
63$6,721,699$2,274,612$1,575,141$4,958,756
64$7,334,568$2,313,324$1,555,164$5,330,669
65$8,007,658$2,351,640$1,532,225$5,737,731
66$8,747,039$2,389,471$1,506,155$6,183,494
67$9,559,399$2,426,717$1,476,773$6,671,874
68$10,452,105$2,463,273$1,443,892$7,207,191
69$11,433,272$2,499,026$1,407,315$7,794,202
70$12,511,843$2,533,856$1,366,838$8,438,154
71$13,697,668$2,567,632$1,322,244$9,144,830
72$15,001,600$2,600,216$1,273,309$9,920,607
73$16,435,597$2,631,459$1,219,798$10,772,510
74$18,012,832$2,661,205$1,161,465$11,708,287
75$19,747,820$2,689,283$1,098,053$12,736,478
76$21,656,553$2,715,514$1,029,294$13,866,496
77$23,756,653$2,739,706$954,907$15,108,716
78$26,067,534$2,761,654$874,599$16,474,578
79$28,610,588$2,781,140$788,063$17,976,689
80$31,409,384$2,797,932$694,979$19,628,946
81$34,489,893$2,811,782$595,013$21,446,670
82$37,880,732$2,822,430$487,816$23,446,746
83$41,613,432$2,829,594$373,023$25,647,788
84$45,722,737$2,832,979$250,254$28,070,313
85$50,246,930$2,832,269$119,111$30,736,935
86$55,228,195$2,827,129$0$33,672,581
87$60,713,016$2,817,203$0$36,908,953
88$66,752,613$2,802,115$0$40,498,153
89$73,403,424$2,781,464$0$44,449,482
90$80,727,643$2,754,825$0$48,799,828
91$88,793,800$2,721,749$0$53,589,844
92$97,677,411$2,681,758$0$58,864,332
93$107,461,690$2,634,346$0$64,672,668
94$118,238,332$2,578,979$0$71,069,265
95$130,108,382$2,515,089$0$78,114,092
96$143,183,183$2,442,075$0$85,873,235
97$157,585,432$2,359,301$0$94,419,529
98$173,450,334$2,266,095$0$103,833,240
99$190,926,878$2,161,743$0$114,202,826
100$210,179,245$2,045,494$0$125,625,774