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%15%
1 years$128,823$127,676$126,556$125,464$124,397$121,835
2 years$63,774$62,586$61,435$60,319$59,236$56,668
3 years$42,094$40,901$39,753$38,647$37,582$35,086
4 years$31,256$30,066$28,930$27,843$26,804$24,399
5 years$24,754$23,572$22,451$21,386$20,376$18,070
6 years$20,422$19,249$18,143$17,103$16,123$13,918
7 years$17,328$16,165$15,077$14,061$13,112$11,009
8 years$15,009$13,856$12,787$11,795$10,878$8,876
9 years$13,206$12,064$11,013$10,047$9,161$7,258
10 years$11,765$10,634$9,602$8,661$7,805$6,001
11 years$10,586$9,467$8,453$7,537$6,713$5,004
12 years$9,605$8,497$7,502$6,611$5,817$4,201
13 years$8,775$7,679$6,702$5,837$5,073$3,547
14 years$8,065$6,980$6,022$5,181$4,447$3,008
15 years$7,449$6,376$5,437$4,621$3,915$2,561
16 years$6,911$5,850$4,930$4,137$3,460$2,187
17 years$6,437$5,388$4,486$3,717$3,068$1,872
18 years$6,016$4,979$4,095$3,350$2,728$1,607
19 years$5,640$4,614$3,749$3,027$2,432$1,381
20 years$5,302$4,288$3,440$2,742$2,172$1,189
21 years$4,996$3,994$3,164$2,488$1,944$1,025
22 years$4,719$3,728$2,917$2,262$1,742$885
23 years$4,466$3,487$2,693$2,060$1,564$765
24 years$4,235$3,267$2,491$1,879$1,406$662
25 years$4,022$3,066$2,307$1,716$1,265$573
26 years$3,826$2,881$2,139$1,569$1,139$496
27 years$3,645$2,712$1,987$1,436$1,027$430
28 years$3,477$2,555$1,847$1,316$927$372
29 years$3,321$2,411$1,719$1,207$837$323
30 years$3,175$2,276$1,601$1,108$756$280
31 years$3,040$2,152$1,492$1,017$684$243
32 years$2,913$2,036$1,392$935$618$211
33 years$2,794$1,928$1,300$860$560$183
34 years$2,682$1,828$1,215$791$507$159
35 years$2,577$1,733$1,136$728$459$138
36 years$2,478$1,645$1,062$671$416$120
37 years$2,384$1,563$994$618$377$104
38 years$2,296$1,485$931$569$342$91
39 years$2,212$1,412$872$525$310$79
40 years$2,133$1,344$818$484$281$68
41 years$2,058$1,279$767$447$255$60
42 years$1,986$1,218$719$412$231$52
43 years$1,918$1,161$675$381$210$45
44 years$1,854$1,106$634$351$191$39
45 years$1,792$1,055$595$325$173$34
46 years$1,733$1,006$559$300$157$30
47 years$1,677$960$525$277$143$26
48 years$1,623$917$493$256$130$22
49 years$1,572$875$464$237$118$19
50 years$1,523$836$436$219$107$17

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 $4,947 every year, while hoping to spend $34,280 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: 62/33/5 Blend
45$1,560,000$1,560,000$1,560,000$1,560,000
46$1,724,223$1,641,543$1,617,363$1,829,474
47$1,863,620$1,685,505$1,635,071$1,944,221
48$2,016,087$1,730,472$1,652,223$2,064,938
49$2,182,920$1,776,457$1,668,765$2,195,794
50$2,365,547$1,823,474$1,684,638$2,337,768
51$2,565,542$1,871,533$1,699,783$2,491,934
52$2,784,636$1,920,646$1,714,134$2,659,476
53$3,024,735$1,970,824$1,727,624$2,841,698
54$3,287,941$2,022,078$1,740,182$3,040,034
55$3,576,566$2,074,415$1,751,733$3,256,064
56$3,893,159$2,127,844$1,762,199$3,491,529
57$4,240,525$2,182,372$1,771,497$3,748,343
58$4,621,755$2,238,005$1,779,539$4,028,616
59$5,040,256$2,294,749$1,786,235$4,334,672
60$5,499,776$2,352,606$1,791,488$4,669,070
61$6,004,448$2,411,578$1,795,197$5,034,627
62$6,558,823$2,471,667$1,797,258$5,434,450
63$7,167,914$2,532,870$1,797,558$5,871,956
64$7,837,246$2,595,185$1,795,980$6,350,913
65$8,572,903$2,658,607$1,792,404$6,875,472
66$9,381,590$2,723,129$1,786,699$7,450,202
67$10,270,691$2,788,742$1,778,733$8,080,141
68$11,248,344$2,855,433$1,768,363$8,770,836
69$12,323,514$2,923,188$1,755,442$9,528,401
70$13,506,078$2,991,990$1,739,816$10,359,571
71$14,806,920$3,061,819$1,721,321$11,271,765
72$16,238,028$3,132,651$1,699,788$12,273,158
73$17,812,615$3,204,459$1,675,039$13,372,760
74$19,545,237$3,277,212$1,646,887$14,580,496
75$21,451,931$3,350,876$1,615,138$15,907,300
76$23,550,371$3,425,411$1,579,588$17,365,225
77$25,860,027$3,500,774$1,540,022$18,967,547
78$28,402,354$3,576,917$1,496,218$20,728,898
79$31,200,995$3,653,786$1,447,941$22,665,400
80$34,281,997$3,731,322$1,394,948$24,794,817
81$37,674,063$3,809,461$1,336,982$27,136,726
82$41,408,823$3,888,129$1,273,776$29,712,697
83$45,521,127$3,967,251$1,205,051$32,546,502
84$50,049,376$4,046,741$1,130,515$35,664,333
85$55,035,887$4,126,506$1,049,862$39,095,055
86$60,527,289$4,206,447$962,774$42,870,475
87$66,574,963$4,286,453$868,917$47,025,646
88$73,235,527$4,366,407$767,944$51,599,192
89$80,571,371$4,446,181$659,490$56,633,677
90$88,651,245$4,525,637$543,176$62,176,008
91$97,550,905$4,604,627$418,607$68,277,872
92$107,353,834$4,682,991$285,367$74,996,232
93$118,152,023$4,760,555$143,024$82,393,858
94$130,046,843$4,837,135$0$90,539,922
95$143,149,998$4,912,532$0$99,511,129
96$157,584,584$4,986,532$0$109,399,182
97$173,486,246$5,058,907$0$120,289,042
98$191,004,461$5,129,411$0$132,282,753
99$210,303,946$5,197,783$0$145,492,766
100$231,566,215$5,263,741$0$160,043,001