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

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$128,823$127,676$126,556$125,464$124,397$120,948
2 years$63,774$62,586$61,435$60,319$59,236$55,788
3 years$42,094$40,901$39,753$38,647$37,582$34,241
4 years$31,256$30,066$28,930$27,843$26,804$23,597
5 years$24,754$23,572$22,451$21,386$20,376$17,311
6 years$20,422$19,249$18,143$17,103$16,123$13,203
7 years$17,328$16,165$15,077$14,061$13,112$10,338
8 years$15,009$13,856$12,787$11,795$10,878$8,247
9 years$13,206$12,064$11,013$10,047$9,161$6,672
10 years$11,765$10,634$9,602$8,661$7,805$5,454
11 years$10,586$9,467$8,453$7,537$6,713$4,496
12 years$9,605$8,497$7,502$6,611$5,817$3,731
13 years$8,775$7,679$6,702$5,837$5,073$3,112
14 years$8,065$6,980$6,022$5,181$4,447$2,607
15 years$7,449$6,376$5,437$4,621$3,915$2,192
16 years$6,911$5,850$4,930$4,137$3,460$1,848
17 years$6,437$5,388$4,486$3,717$3,068$1,561
18 years$6,016$4,979$4,095$3,350$2,728$1,322
19 years$5,640$4,614$3,749$3,027$2,432$1,122
20 years$5,302$4,288$3,440$2,742$2,172$953
21 years$4,996$3,994$3,164$2,488$1,944$810
22 years$4,719$3,728$2,917$2,262$1,742$690
23 years$4,466$3,487$2,693$2,060$1,564$588
24 years$4,235$3,267$2,491$1,879$1,406$501
25 years$4,022$3,066$2,307$1,716$1,265$427
26 years$3,826$2,881$2,139$1,569$1,139$365
27 years$3,645$2,712$1,987$1,436$1,027$312
28 years$3,477$2,555$1,847$1,316$927$266
29 years$3,321$2,411$1,719$1,207$837$227
30 years$3,175$2,276$1,601$1,108$756$194
31 years$3,040$2,152$1,492$1,017$684$166
32 years$2,913$2,036$1,392$935$618$142
33 years$2,794$1,928$1,300$860$560$122
34 years$2,682$1,828$1,215$791$507$104
35 years$2,577$1,733$1,136$728$459$89
36 years$2,478$1,645$1,062$671$416$76
37 years$2,384$1,563$994$618$377$65
38 years$2,296$1,485$931$569$342$56
39 years$2,212$1,412$872$525$310$48
40 years$2,133$1,344$818$484$281$41
41 years$2,058$1,279$767$447$255$35
42 years$1,986$1,218$719$412$231$30
43 years$1,918$1,161$675$381$210$26
44 years$1,854$1,106$634$351$191$22
45 years$1,792$1,055$595$325$173$19
46 years$1,733$1,006$559$300$157$16
47 years$1,677$960$525$277$143$14
48 years$1,623$917$493$256$130$12
49 years$1,572$875$464$237$118$10
50 years$1,523$836$436$219$107$9

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 $3,911 every year, while hoping to spend $31,827 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: 47/24/29 Blend
45$1,560,000$1,560,000$1,560,000$1,560,000
46$1,723,154$1,640,474$1,616,294$1,789,644
47$1,865,052$1,686,994$1,636,576$1,883,560
48$2,020,357$1,734,726$1,656,471$1,982,052
49$2,190,403$1,783,697$1,675,932$2,088,364
50$2,376,658$1,833,932$1,694,910$2,203,247
51$2,580,741$1,885,459$1,713,354$2,327,531
52$2,804,433$1,938,302$1,731,207$2,462,129
53$3,049,695$1,992,489$1,748,413$2,608,045
54$3,318,690$2,048,047$1,764,910$2,766,389
55$3,613,796$2,105,001$1,780,635$2,938,380
56$3,937,637$2,163,380$1,795,519$3,125,363
57$4,293,098$2,223,208$1,809,492$3,328,819
58$4,683,363$2,284,514$1,822,478$3,550,380
59$5,111,934$2,347,323$1,834,399$3,791,844
60$5,582,671$2,411,662$1,845,172$4,055,192
61$6,099,828$2,477,557$1,854,709$4,342,607
62$6,668,087$2,545,035$1,862,919$4,656,495
63$7,292,611$2,614,120$1,869,705$4,999,505
64$7,979,083$2,684,838$1,874,967$5,374,560
65$8,733,769$2,757,215$1,878,598$5,784,877
66$9,563,569$2,831,273$1,880,486$6,234,003
67$10,476,085$2,907,038$1,880,514$6,725,848
68$11,479,694$2,984,531$1,878,560$7,264,720
69$12,583,626$3,063,776$1,874,494$7,855,364
70$13,798,048$3,144,793$1,868,182$8,503,013
71$15,134,164$3,227,604$1,859,482$9,213,433
72$16,604,319$3,312,226$1,848,244$9,992,978
73$18,222,113$3,398,679$1,834,314$10,848,649
74$20,002,533$3,486,979$1,817,528$11,788,165
75$21,962,092$3,577,141$1,797,716$12,820,031
76$24,118,983$3,669,179$1,774,697$13,953,620
77$26,493,255$3,763,105$1,748,286$15,199,264
78$29,106,999$3,858,928$1,718,285$16,568,346
79$31,984,554$3,956,657$1,684,489$18,073,416
80$35,152,742$4,056,297$1,646,682$19,728,301
81$38,641,117$4,157,850$1,604,641$21,548,243
82$42,482,244$4,261,318$1,558,130$23,550,038
83$46,712,008$4,366,697$1,506,902$25,752,197
84$51,369,949$4,473,983$1,450,700$28,175,123
85$56,499,641$4,583,164$1,389,255$30,841,300
86$62,149,094$4,694,229$1,322,285$33,775,509
87$68,371,216$4,807,161$1,249,496$37,005,059
88$75,224,306$4,921,938$1,170,580$40,560,048
89$82,772,607$5,038,535$1,085,217$44,473,649
90$91,086,911$5,156,920$993,069$48,782,418
91$100,245,225$5,277,059$893,787$53,526,647
92$110,333,513$5,398,910$787,003$58,750,737
93$121,446,499$5,522,424$672,335$64,503,624
94$133,688,567$5,647,548$549,384$70,839,239
95$147,174,743$5,774,220$417,731$77,817,020
96$162,031,783$5,902,373$276,940$85,502,470
97$178,399,365$6,031,929$126,558$93,967,780
98$196,431,411$6,162,804$0$103,292,507
99$216,297,538$6,294,905$0$113,574,829
100$238,184,659$6,428,127$0$124,943,352