Can I retire at age 46 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$128,823$127,676$126,556$125,464$124,397$122,386
2 years$63,774$62,586$61,435$60,319$59,236$57,217
3 years$42,094$40,901$39,753$38,647$37,582$35,615
4 years$31,256$30,066$28,930$27,843$26,804$24,906
5 years$24,754$23,572$22,451$21,386$20,376$18,552
6 years$20,422$19,249$18,143$17,103$16,123$14,375
7 years$17,328$16,165$15,077$14,061$13,112$11,441
8 years$15,009$13,856$12,787$11,795$10,878$9,283
9 years$13,206$12,064$11,013$10,047$9,161$7,641
10 years$11,765$10,634$9,602$8,661$7,805$6,360
11 years$10,586$9,467$8,453$7,537$6,713$5,340
12 years$9,605$8,497$7,502$6,611$5,817$4,515
13 years$8,775$7,679$6,702$5,837$5,073$3,840
14 years$8,065$6,980$6,022$5,181$4,447$3,281
15 years$7,449$6,376$5,437$4,621$3,915$2,814
16 years$6,911$5,850$4,930$4,137$3,460$2,422
17 years$6,437$5,388$4,486$3,717$3,068$2,090
18 years$6,016$4,979$4,095$3,350$2,728$1,808
19 years$5,640$4,614$3,749$3,027$2,432$1,567
20 years$5,302$4,288$3,440$2,742$2,172$1,360
21 years$4,996$3,994$3,164$2,488$1,944$1,183
22 years$4,719$3,728$2,917$2,262$1,742$1,030
23 years$4,466$3,487$2,693$2,060$1,564$897
24 years$4,235$3,267$2,491$1,879$1,406$783
25 years$4,022$3,066$2,307$1,716$1,265$684
26 years$3,826$2,881$2,139$1,569$1,139$597
27 years$3,645$2,712$1,987$1,436$1,027$522
28 years$3,477$2,555$1,847$1,316$927$457
29 years$3,321$2,411$1,719$1,207$837$400
30 years$3,175$2,276$1,601$1,108$756$350
31 years$3,040$2,152$1,492$1,017$684$306
32 years$2,913$2,036$1,392$935$618$268
33 years$2,794$1,928$1,300$860$560$235
34 years$2,682$1,828$1,215$791$507$206
35 years$2,577$1,733$1,136$728$459$181
36 years$2,478$1,645$1,062$671$416$158
37 years$2,384$1,563$994$618$377$139
38 years$2,296$1,485$931$569$342$122
39 years$2,212$1,412$872$525$310$107
40 years$2,133$1,344$818$484$281$94
41 years$2,058$1,279$767$447$255$82
42 years$1,986$1,218$719$412$231$72
43 years$1,918$1,161$675$381$210$63
44 years$1,854$1,106$634$351$191$56
45 years$1,792$1,055$595$325$173$49
46 years$1,733$1,006$559$300$157$43
47 years$1,677$960$525$277$143$38
48 years$1,623$917$493$256$130$33
49 years$1,572$875$464$237$118$29
50 years$1,523$836$436$219$107$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,560,000, adding $4,675 every year, while hoping to spend $29,988 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: 61/9/30 Blend
45$1,560,000$1,560,000$1,560,000$1,560,000
46$1,723,942$1,641,262$1,617,082$1,814,827
47$1,867,877$1,689,777$1,639,348$1,925,883
48$2,025,489$1,739,664$1,661,354$2,043,442
49$2,198,140$1,790,959$1,683,060$2,171,154
50$2,387,332$1,843,698$1,704,424$2,310,018
51$2,594,719$1,897,918$1,725,401$2,461,135
52$2,822,121$1,953,656$1,745,943$2,625,717
53$3,071,544$2,010,953$1,766,000$2,805,103
54$3,345,198$2,069,846$1,785,517$3,000,763
55$3,645,517$2,130,377$1,804,440$3,214,320
56$3,975,179$2,192,585$1,822,708$3,447,562
57$4,337,138$2,256,512$1,840,260$3,702,457
58$4,734,647$2,322,202$1,857,030$3,981,177
59$5,171,288$2,389,697$1,872,947$4,286,111
60$5,651,008$2,459,041$1,887,939$4,619,896
61$6,178,155$2,530,278$1,901,930$4,985,433
62$6,757,520$2,603,455$1,914,837$5,385,923
63$7,394,379$2,678,616$1,926,577$5,824,892
64$8,094,548$2,755,810$1,937,059$6,306,223
65$8,864,430$2,835,084$1,946,189$6,834,199
66$9,711,084$2,916,485$1,953,869$7,413,538
67$10,642,286$3,000,063$1,959,994$8,049,439
68$11,666,600$3,085,868$1,964,455$8,747,631
69$12,793,467$3,173,950$1,967,138$9,514,429
70$14,033,287$3,264,358$1,967,923$10,356,791
71$15,397,516$3,357,146$1,966,682$11,282,387
72$16,898,781$3,452,365$1,963,285$12,299,666
73$18,550,993$3,550,067$1,957,591$13,417,941
74$20,369,480$3,650,306$1,949,456$14,647,478
75$22,371,130$3,753,134$1,938,725$15,999,586
76$24,574,553$3,858,605$1,925,241$17,486,732
77$27,000,254$3,966,774$1,908,833$19,122,652
78$29,670,829$4,077,695$1,889,328$20,922,485
79$32,611,174$4,191,422$1,866,541$22,902,917
80$35,848,722$4,308,010$1,840,279$25,082,334
81$39,413,704$4,427,515$1,810,340$27,481,001
82$43,339,428$4,549,990$1,776,513$30,121,247
83$47,662,601$4,675,490$1,738,577$33,027,685
84$52,423,667$4,804,070$1,696,300$36,227,436
85$57,667,196$4,935,784$1,649,441$39,750,390
86$63,442,299$5,070,686$1,597,746$43,629,488
87$69,803,093$5,208,830$1,540,950$47,901,032
88$76,809,213$5,350,267$1,478,777$52,605,029
89$84,526,373$5,495,050$1,410,936$57,785,568
90$93,026,986$5,643,230$1,337,125$63,491,238
91$102,390,847$5,794,857$1,257,027$69,775,586
92$112,705,888$5,949,980$1,170,312$76,697,623
93$124,069,005$6,108,646$1,076,635$84,322,384
94$136,586,975$6,270,900$975,633$92,721,537
95$150,377,459$6,436,787$866,929$101,974,066
96$165,570,119$6,606,349$750,131$112,167,012
97$182,307,837$6,779,626$624,826$123,396,301
98$200,748,063$6,956,654$490,584$135,767,645
99$221,064,304$7,137,469$346,958$149,397,543
100$243,447,760$7,322,102$193,478$164,414,381