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

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$127,998$126,857$125,745$124,659$123,599$121,802
2 years$63,365$62,185$61,041$59,932$58,857$57,050
3 years$41,824$40,639$39,498$38,399$37,341$35,581
4 years$31,055$29,874$28,744$27,664$26,632$24,932
5 years$24,596$23,421$22,307$21,249$20,245$18,610
6 years$20,291$19,125$18,027$16,993$16,019$14,451
7 years$17,217$16,061$14,981$13,971$13,028$11,527
8 years$14,913$13,768$12,705$11,720$10,808$9,375
9 years$13,122$11,987$10,943$9,983$9,102$7,735
10 years$11,690$10,566$9,540$8,605$7,755$6,454
11 years$10,519$9,406$8,399$7,489$6,670$5,433
12 years$9,543$8,443$7,454$6,569$5,780$4,606
13 years$8,719$7,630$6,659$5,799$5,040$3,927
14 years$8,013$6,935$5,984$5,148$4,418$3,364
15 years$7,402$6,335$5,402$4,591$3,890$2,894
16 years$6,867$5,813$4,898$4,111$3,438$2,497
17 years$6,396$5,353$4,457$3,694$3,048$2,161
18 years$5,978$4,947$4,069$3,329$2,711$1,875
19 years$5,604$4,584$3,725$3,008$2,416$1,630
20 years$5,268$4,260$3,418$2,724$2,158$1,419
21 years$4,964$3,968$3,144$2,472$1,931$1,238
22 years$4,689$3,704$2,898$2,248$1,731$1,081
23 years$4,437$3,464$2,676$2,047$1,554$945
24 years$4,207$3,246$2,475$1,867$1,397$827
25 years$3,996$3,046$2,292$1,705$1,257$724
26 years$3,801$2,863$2,126$1,559$1,132$635
27 years$3,621$2,694$1,974$1,427$1,021$557
28 years$3,455$2,539$1,835$1,308$921$488
29 years$3,300$2,395$1,708$1,199$832$429
30 years$3,155$2,262$1,591$1,100$751$377
31 years$3,020$2,138$1,483$1,011$679$331
32 years$2,894$2,023$1,383$929$615$291
33 years$2,776$1,916$1,292$854$556$256
34 years$2,665$1,816$1,207$786$504$225
35 years$2,560$1,722$1,128$723$456$198
36 years$2,462$1,635$1,056$666$413$174
37 years$2,369$1,553$988$614$374$153
38 years$2,281$1,476$925$566$340$135
39 years$2,198$1,403$867$522$308$119
40 years$2,119$1,335$813$481$279$104
41 years$2,044$1,271$762$444$253$92
42 years$1,973$1,210$715$410$230$81
43 years$1,906$1,153$671$378$209$71
44 years$1,842$1,099$629$349$189$63
45 years$1,780$1,048$591$323$172$55
46 years$1,722$1,000$555$298$156$49
47 years$1,666$954$522$275$142$43
48 years$1,613$911$490$254$129$38
49 years$1,562$870$461$235$117$33
50 years$1,513$831$433$217$106$29

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 $5,542 every year, while hoping to spend $55,612 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: 73/11/16 Blend
45$1,550,000$1,550,000$1,550,000$1,550,000
46$1,713,817$1,631,667$1,607,642$1,832,327
47$1,829,455$1,652,447$1,602,327$1,932,402
48$1,955,025$1,672,383$1,594,970$2,034,661
49$2,091,480$1,691,372$1,585,444$2,145,213
50$2,239,871$1,709,309$1,573,616$2,264,871
51$2,401,352$1,726,079$1,559,347$2,394,525
52$2,577,194$1,741,561$1,542,489$2,535,162
53$2,768,795$1,755,625$1,522,890$2,687,864
54$2,977,694$1,768,133$1,500,389$2,853,829
55$3,205,586$1,778,938$1,474,818$3,034,375
56$3,454,333$1,787,884$1,446,002$3,230,953
57$3,725,989$1,794,804$1,413,757$3,445,166
58$4,022,812$1,799,522$1,377,890$3,678,778
59$4,347,289$1,801,849$1,338,200$3,933,736
60$4,702,159$1,801,586$1,294,476$4,212,184
61$5,090,436$1,798,520$1,246,498$4,516,488
62$5,515,440$1,792,427$1,194,035$4,849,253
63$5,980,826$1,783,068$1,136,847$5,213,354
64$6,490,621$1,770,188$1,074,681$5,611,958
65$7,049,256$1,753,519$1,007,275$6,048,558
66$7,661,615$1,732,777$934,354$6,527,002
67$8,333,075$1,707,658$855,630$7,051,534
68$9,069,558$1,677,842$770,802$7,626,833
69$9,877,587$1,642,991$679,559$8,258,055
70$10,764,347$1,602,744$581,570$8,950,885
71$11,737,754$1,556,721$476,496$9,711,590
72$12,806,524$1,504,520$363,978$10,547,078
73$13,980,261$1,445,713$243,643$11,464,964
74$15,269,546$1,379,851$115,103$12,473,642
75$16,686,031$1,306,455$0$13,582,365
76$18,242,556$1,225,021$0$14,805,104
77$19,953,264$1,135,015$0$16,170,547
78$21,833,739$1,035,873$0$17,671,495
79$23,901,148$926,998$0$19,321,689
80$26,174,403$807,759$0$21,136,270
81$28,674,344$677,491$0$23,131,925
82$31,423,929$535,490$0$25,327,042
83$34,448,453$381,012$0$27,741,883
84$37,775,785$213,272$0$30,398,777
85$41,436,633$31,440$0$33,322,331
86$45,464,832$0$0$36,539,661
87$49,897,658$0$0$40,100,665
88$54,776,189$0$0$44,023,988
89$60,145,682$0$0$48,342,231
90$66,056,007$0$0$53,095,509
91$72,562,111$0$0$58,328,028
92$79,724,543$0$0$64,088,491
93$87,610,018$0$0$70,430,568
94$96,292,048$0$0$77,413,396
95$105,851,639$0$0$85,102,139
96$116,378,048$0$0$93,568,599
97$127,969,632$0$0$102,891,899
98$140,734,769$0$0$113,159,223
99$154,792,886$0$0$124,466,643
100$170,275,581$0$0$136,920,024