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%13.7%
1 years$128,823$127,676$126,556$125,464$124,397$122,487
2 years$63,774$62,586$61,435$60,319$59,236$57,317
3 years$42,094$40,901$39,753$38,647$37,582$35,713
4 years$31,256$30,066$28,930$27,843$26,804$24,999
5 years$24,754$23,572$22,451$21,386$20,376$18,641
6 years$20,422$19,249$18,143$17,103$16,123$14,459
7 years$17,328$16,165$15,077$14,061$13,112$11,521
8 years$15,009$13,856$12,787$11,795$10,878$9,359
9 years$13,206$12,064$11,013$10,047$9,161$7,713
10 years$11,765$10,634$9,602$8,661$7,805$6,427
11 years$10,586$9,467$8,453$7,537$6,713$5,404
12 years$9,605$8,497$7,502$6,611$5,817$4,575
13 years$8,775$7,679$6,702$5,837$5,073$3,896
14 years$8,065$6,980$6,022$5,181$4,447$3,333
15 years$7,449$6,376$5,437$4,621$3,915$2,863
16 years$6,911$5,850$4,930$4,137$3,460$2,467
17 years$6,437$5,388$4,486$3,717$3,068$2,132
18 years$6,016$4,979$4,095$3,350$2,728$1,847
19 years$5,640$4,614$3,749$3,027$2,432$1,603
20 years$5,302$4,288$3,440$2,742$2,172$1,394
21 years$4,996$3,994$3,164$2,488$1,944$1,214
22 years$4,719$3,728$2,917$2,262$1,742$1,058
23 years$4,466$3,487$2,693$2,060$1,564$924
24 years$4,235$3,267$2,491$1,879$1,406$807
25 years$4,022$3,066$2,307$1,716$1,265$706
26 years$3,826$2,881$2,139$1,569$1,139$618
27 years$3,645$2,712$1,987$1,436$1,027$541
28 years$3,477$2,555$1,847$1,316$927$474
29 years$3,321$2,411$1,719$1,207$837$415
30 years$3,175$2,276$1,601$1,108$756$364
31 years$3,040$2,152$1,492$1,017$684$319
32 years$2,913$2,036$1,392$935$618$280
33 years$2,794$1,928$1,300$860$560$246
34 years$2,682$1,828$1,215$791$507$216
35 years$2,577$1,733$1,136$728$459$190
36 years$2,478$1,645$1,062$671$416$167
37 years$2,384$1,563$994$618$377$146
38 years$2,296$1,485$931$569$342$129
39 years$2,212$1,412$872$525$310$113
40 years$2,133$1,344$818$484$281$99
41 years$2,058$1,279$767$447$255$87
42 years$1,986$1,218$719$412$231$77
43 years$1,918$1,161$675$381$210$67
44 years$1,854$1,106$634$351$191$59
45 years$1,792$1,055$595$325$173$52
46 years$1,733$1,006$559$300$157$46
47 years$1,677$960$525$277$143$40
48 years$1,623$917$493$256$130$35
49 years$1,572$875$464$237$118$31
50 years$1,523$836$436$219$107$27

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 $3,093 every year, while hoping to spend $38,550 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: 75/12/13 Blend
45$1,560,000$1,560,000$1,560,000$1,560,000
46$1,722,310$1,639,630$1,615,450$1,846,653
47$1,856,969$1,678,955$1,628,551$1,968,494
48$2,004,071$1,718,915$1,640,799$2,096,861
49$2,164,845$1,759,500$1,652,124$2,236,486
50$2,340,642$1,800,700$1,662,454$2,388,477
51$2,532,954$1,842,500$1,671,711$2,554,050
52$2,743,418$1,884,885$1,679,817$2,734,550
53$2,973,841$1,927,838$1,686,685$2,931,455
54$3,226,210$1,971,340$1,692,226$3,146,394
55$3,502,716$2,015,369$1,696,349$3,381,162
56$3,805,770$2,059,898$1,698,953$3,637,735
57$4,138,027$2,104,902$1,699,937$3,918,291
58$4,502,413$2,150,349$1,699,191$4,225,229
59$4,902,148$2,196,206$1,696,604$4,561,193
60$5,340,782$2,242,435$1,692,055$4,929,095
61$5,822,224$2,288,995$1,685,420$5,332,143
62$6,350,777$2,335,843$1,676,568$5,773,873
63$6,931,186$2,382,929$1,665,363$6,258,181
64$7,568,674$2,430,199$1,651,659$6,789,359
65$8,268,997$2,477,597$1,635,308$7,372,135
66$9,038,495$2,525,060$1,616,151$8,011,722
67$9,884,152$2,572,519$1,594,023$8,713,861
68$10,813,664$2,619,901$1,568,752$9,484,880
69$11,835,509$2,667,126$1,540,155$10,331,752
70$12,959,025$2,714,110$1,508,045$11,262,160
71$14,194,503$2,760,759$1,472,222$12,284,570
72$15,553,280$2,806,974$1,432,479$13,408,313
73$17,047,847$2,852,648$1,388,600$14,643,670
74$18,691,966$2,897,666$1,340,356$16,001,970
75$20,500,800$2,941,905$1,287,511$17,495,699
76$22,491,056$2,985,233$1,229,818$19,138,616
77$24,681,142$3,027,508$1,167,015$20,945,881
78$27,091,341$3,068,578$1,098,832$22,934,204
79$29,744,000$3,108,281$1,024,986$25,121,997
80$32,663,746$3,146,445$945,181$27,529,550
81$35,877,710$3,182,882$859,106$30,179,226
82$39,415,790$3,217,397$766,440$33,095,665
83$43,310,928$3,249,777$666,843$36,306,023
84$47,599,424$3,279,798$559,964$39,840,227
85$52,321,277$3,307,219$445,434$43,731,255
86$57,520,559$3,331,785$322,868$48,015,451
87$63,245,838$3,353,224$191,866$52,732,868
88$69,550,628$3,371,247$52,008$57,927,642
89$76,493,899$3,385,544$0$63,648,416
90$84,140,630$3,395,789$0$69,962,280
91$92,562,424$3,401,633$0$76,923,396
92$101,838,185$3,402,707$0$84,589,706
93$112,054,856$3,398,616$0$93,033,022
94$123,308,247$3,388,944$0$102,332,476
95$135,703,933$3,373,247$0$112,575,270
96$149,358,255$3,351,056$0$123,857,500
97$164,399,411$3,321,872$0$136,285,061
98$180,968,673$3,285,166$0$149,974,646
99$199,221,717$3,240,378$0$165,054,850
100$219,330,090$3,186,915$0$181,667,381