Can I retire at age 46 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$130,475$129,313$128,179$127,072$125,991$121,040
2 years$64,592$63,389$62,223$61,092$59,996$55,068
3 years$42,633$41,425$40,262$39,142$38,064$33,315
4 years$31,656$30,452$29,301$28,200$27,147$22,613
5 years$25,072$23,875$22,738$21,660$20,637$16,329
6 years$20,684$19,495$18,376$17,322$16,329$12,251
7 years$17,550$16,372$15,271$14,241$13,280$9,430
8 years$15,202$14,034$12,951$11,947$11,017$7,390
9 years$13,376$12,219$11,154$10,176$9,278$5,870
10 years$11,916$10,771$9,725$8,772$7,905$4,709
11 years$10,722$9,588$8,561$7,634$6,799$3,807
12 years$9,728$8,606$7,598$6,696$5,892$3,097
13 years$8,888$7,777$6,788$5,912$5,138$2,531
14 years$8,168$7,069$6,099$5,248$4,504$2,076
15 years$7,545$6,458$5,507$4,680$3,965$1,709
16 years$7,000$5,925$4,993$4,190$3,505$1,410
17 years$6,520$5,457$4,543$3,765$3,107$1,165
18 years$6,093$5,042$4,147$3,393$2,763$965
19 years$5,712$4,673$3,797$3,066$2,463$800
20 years$5,370$4,343$3,484$2,777$2,200$664
21 years$5,060$4,045$3,205$2,520$1,969$552
22 years$4,779$3,776$2,954$2,291$1,765$459
23 years$4,523$3,531$2,727$2,087$1,584$382
24 years$4,289$3,309$2,522$1,903$1,424$318
25 years$4,073$3,105$2,336$1,738$1,281$265
26 years$3,875$2,918$2,167$1,589$1,154$221
27 years$3,692$2,746$2,012$1,455$1,040$184
28 years$3,521$2,588$1,870$1,333$939$153
29 years$3,363$2,441$1,741$1,222$848$128
30 years$3,216$2,306$1,621$1,122$766$107
31 years$3,079$2,180$1,512$1,030$692$89
32 years$2,950$2,062$1,410$947$626$74
33 years$2,830$1,953$1,317$871$567$62
34 years$2,716$1,851$1,230$801$513$52
35 years$2,610$1,756$1,150$737$465$43
36 years$2,509$1,666$1,076$679$421$36
37 years$2,415$1,583$1,007$626$382$30
38 years$2,325$1,504$943$577$346$25
39 years$2,240$1,430$884$532$314$21
40 years$2,160$1,361$828$491$285$17
41 years$2,084$1,295$777$453$258$15
42 years$2,012$1,234$728$418$234$12
43 years$1,943$1,175$684$386$213$10
44 years$1,877$1,120$642$356$193$8
45 years$1,815$1,068$603$329$175$7
46 years$1,755$1,019$566$304$159$6
47 years$1,699$973$532$281$144$5
48 years$1,644$929$500$259$131$4
49 years$1,592$887$470$240$119$3
50 years$1,543$847$441$221$108$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,580,000, adding $5,292 every year, while hoping to spend $33,796 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: 27/46/27 Blend
45$1,580,000$1,580,000$1,580,000$1,580,000
46$1,746,619$1,662,879$1,638,389$1,778,956
47$1,888,815$1,708,401$1,657,316$1,850,962
48$2,044,383$1,755,021$1,675,745$1,924,955
49$2,214,650$1,802,758$1,693,622$2,003,709
50$2,401,080$1,851,628$1,710,894$2,087,651
51$2,605,282$1,901,649$1,727,501$2,177,255
52$2,829,030$1,952,840$1,743,382$2,273,038
53$3,074,278$2,005,216$1,758,472$2,375,571
54$3,343,177$2,058,794$1,772,703$2,485,485
55$3,638,096$2,113,590$1,786,004$2,603,471
56$3,961,645$2,169,620$1,798,299$2,730,293
57$4,316,699$2,226,897$1,809,508$2,866,791
58$4,706,424$2,285,437$1,819,548$3,013,890
59$5,134,308$2,345,251$1,828,331$3,172,611
60$5,604,192$2,406,354$1,835,765$3,344,076
61$6,120,310$2,468,755$1,841,753$3,529,524
62$6,687,322$2,532,465$1,846,193$3,730,318
63$7,310,367$2,597,493$1,848,978$3,947,961
64$7,995,101$2,663,848$1,849,996$4,184,110
65$8,747,760$2,731,534$1,849,129$4,440,588
66$9,575,210$2,800,558$1,846,253$4,719,409
67$10,485,017$2,870,922$1,841,239$5,022,789
68$11,485,520$2,942,627$1,833,951$5,353,170
69$12,585,901$3,015,674$1,824,246$5,713,245
70$13,796,279$3,090,059$1,811,975$6,105,983
71$15,127,805$3,165,777$1,796,982$6,534,655
72$16,592,762$3,242,821$1,779,101$7,002,867
73$18,204,685$3,321,181$1,758,163$7,514,593
74$19,978,488$3,400,843$1,733,986$8,074,214
75$21,930,601$3,481,792$1,706,382$8,686,559
76$24,079,131$3,564,008$1,675,154$9,356,951
77$26,444,026$3,647,469$1,640,096$10,091,256
78$29,047,269$3,732,146$1,600,991$10,895,943
79$31,913,079$3,818,011$1,557,613$11,778,141
80$35,068,147$3,905,027$1,509,727$12,745,706
81$38,541,880$3,993,155$1,457,084$13,807,303
82$42,366,681$4,082,350$1,399,427$14,972,477
83$46,578,259$4,172,561$1,336,484$16,251,755
84$51,215,958$4,263,733$1,267,973$17,656,737
85$56,323,135$4,355,805$1,193,598$19,200,212
86$61,947,562$4,448,707$1,113,051$20,896,274
87$68,141,884$4,542,364$1,026,009$22,760,462
88$74,964,111$4,636,694$932,135$24,809,902
89$82,478,165$4,731,607$831,077$27,063,472
90$90,754,485$4,827,004$722,465$29,541,980
91$99,870,692$4,922,776$605,917$32,268,362
92$109,912,319$5,018,808$481,031$35,267,900
93$120,973,618$5,114,972$347,389$38,568,460
94$133,158,452$5,211,131$204,551$42,200,757
95$146,581,273$5,307,136$52,063$46,198,646
96$161,368,203$5,402,825$0$50,599,443
97$177,658,222$5,498,027$0$55,476,161
98$195,604,483$5,592,552$0$60,860,329
99$215,375,754$5,686,201$0$66,787,051
100$237,158,012$5,778,756$0$73,311,556