Can I retire at age 46 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$127,998$126,857$125,745$124,659$123,599$119,214
2 years$63,365$62,185$61,041$59,932$58,857$54,485
3 years$41,824$40,639$39,498$38,399$37,341$33,121
4 years$31,055$29,874$28,744$27,664$26,632$22,595
5 years$24,596$23,421$22,307$21,249$20,245$16,403
6 years$20,291$19,125$18,027$16,993$16,019$12,374
7 years$17,217$16,061$14,981$13,971$13,028$9,579
8 years$14,913$13,768$12,705$11,720$10,808$7,552
9 years$13,122$11,987$10,943$9,983$9,102$6,035
10 years$11,690$10,566$9,540$8,605$7,755$4,873
11 years$10,519$9,406$8,399$7,489$6,670$3,965
12 years$9,543$8,443$7,454$6,569$5,780$3,247
13 years$8,719$7,630$6,659$5,799$5,040$2,672
14 years$8,013$6,935$5,984$5,148$4,418$2,207
15 years$7,402$6,335$5,402$4,591$3,890$1,829
16 years$6,867$5,813$4,898$4,111$3,438$1,520
17 years$6,396$5,353$4,457$3,694$3,048$1,266
18 years$5,978$4,947$4,069$3,329$2,711$1,056
19 years$5,604$4,584$3,725$3,008$2,416$883
20 years$5,268$4,260$3,418$2,724$2,158$738
21 years$4,964$3,968$3,144$2,472$1,931$618
22 years$4,689$3,704$2,898$2,248$1,731$518
23 years$4,437$3,464$2,676$2,047$1,554$435
24 years$4,207$3,246$2,475$1,867$1,397$365
25 years$3,996$3,046$2,292$1,705$1,257$306
26 years$3,801$2,863$2,126$1,559$1,132$257
27 years$3,621$2,694$1,974$1,427$1,021$216
28 years$3,455$2,539$1,835$1,308$921$182
29 years$3,300$2,395$1,708$1,199$832$153
30 years$3,155$2,262$1,591$1,100$751$128
31 years$3,020$2,138$1,483$1,011$679$108
32 years$2,894$2,023$1,383$929$615$91
33 years$2,776$1,916$1,292$854$556$76
34 years$2,665$1,816$1,207$786$504$64
35 years$2,560$1,722$1,128$723$456$54
36 years$2,462$1,635$1,056$666$413$45
37 years$2,369$1,553$988$614$374$38
38 years$2,281$1,476$925$566$340$32
39 years$2,198$1,403$867$522$308$27
40 years$2,119$1,335$813$481$279$23
41 years$2,044$1,271$762$444$253$19
42 years$1,973$1,210$715$410$230$16
43 years$1,906$1,153$671$378$209$14
44 years$1,842$1,099$629$349$189$11
45 years$1,780$1,048$591$323$172$10
46 years$1,722$1,000$555$298$156$8
47 years$1,666$954$522$275$142$7
48 years$1,613$911$490$254$129$6
49 years$1,562$870$461$235$117$5
50 years$1,513$831$433$217$106$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,550,000, adding $2,484 every year, while hoping to spend $53,608 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: 40/35/25 Blend
45$1,550,000$1,550,000$1,550,000$1,550,000
46$1,710,662$1,628,512$1,604,487$1,766,358
47$1,828,111$1,651,271$1,601,199$1,829,588
48$1,955,743$1,673,348$1,596,004$1,892,731
49$2,094,541$1,694,653$1,588,782$1,959,992
50$2,245,584$1,715,091$1,579,406$2,031,780
51$2,410,061$1,734,559$1,567,744$2,108,547
52$2,589,281$1,752,946$1,553,657$2,190,793
53$2,784,684$1,770,136$1,537,000$2,279,073
54$2,997,853$1,786,004$1,517,621$2,374,001
55$3,230,533$1,800,418$1,495,361$2,476,255
56$3,484,644$1,813,235$1,470,052$2,586,586
57$3,762,299$1,824,305$1,441,520$2,705,826
58$4,065,825$1,833,467$1,409,582$2,834,895
59$4,397,783$1,840,551$1,374,047$2,974,809
60$4,760,995$1,845,375$1,334,715$3,126,695
61$5,158,564$1,847,747$1,291,377$3,291,795
62$5,593,913$1,847,461$1,243,813$3,471,486
63$6,070,806$1,844,301$1,191,794$3,667,290
64$6,593,390$1,838,034$1,135,082$3,880,887
65$7,166,235$1,828,416$1,073,426$4,114,137
66$7,794,369$1,815,187$1,006,564$4,369,095
67$8,483,335$1,798,071$934,224$4,648,030
68$9,239,234$1,776,775$856,119$4,953,453
69$10,068,788$1,750,990$771,952$5,288,136
70$10,979,403$1,720,387$681,410$5,655,140
71$11,979,233$1,684,617$584,169$6,057,851
72$13,077,264$1,643,312$479,887$6,500,005
73$14,283,393$1,596,082$368,211$6,985,731
74$15,608,523$1,542,514$248,770$7,519,587
75$17,064,665$1,482,170$121,177$8,106,607
76$18,665,052$1,414,588$0$8,752,351
77$20,424,262$1,339,277$0$9,466,955
78$22,358,355$1,255,720$0$10,287,950
79$24,485,027$1,163,370$0$11,190,578
80$26,823,772$1,061,647$0$12,183,219
81$29,396,069$949,940$0$13,275,114
82$32,225,583$827,602$0$14,476,457
83$35,338,387$693,950$0$15,798,489
84$38,763,210$548,261$0$17,253,607
85$42,531,705$389,773$0$18,855,484
86$46,678,748$217,681$0$20,619,195
87$51,242,766$31,133$0$22,561,367
88$56,266,102$0$0$24,700,333
89$61,795,411$0$0$27,122,078
90$67,882,099$0$0$29,801,394
91$74,582,811$0$0$32,751,255
92$81,959,963$0$0$35,999,171
93$90,082,331$0$0$39,575,454
94$99,025,697$0$0$43,513,506
95$108,873,568$0$0$47,850,131
96$119,717,961$0$0$52,625,887
97$131,660,268$0$0$57,885,464
98$144,812,221$0$0$63,678,107
99$159,296,934$0$0$70,058,083
100$175,250,075$0$0$77,085,187