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

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$130,475$129,313$128,179$127,072$125,991$123,701
2 years$64,592$63,389$62,223$61,092$59,996$57,696
3 years$42,633$41,425$40,262$39,142$38,064$35,827
4 years$31,656$30,452$29,301$28,200$27,147$24,990
5 years$25,072$23,875$22,738$21,660$20,637$18,566
6 years$20,684$19,495$18,376$17,322$16,329$14,347
7 years$17,550$16,372$15,271$14,241$13,280$11,387
8 years$15,202$14,034$12,951$11,947$11,017$9,212
9 years$13,376$12,219$11,154$10,176$9,278$7,560
10 years$11,916$10,771$9,725$8,772$7,905$6,274
11 years$10,722$9,588$8,561$7,634$6,799$5,251
12 years$9,728$8,606$7,598$6,696$5,892$4,426
13 years$8,888$7,777$6,788$5,912$5,138$3,751
14 years$8,168$7,069$6,099$5,248$4,504$3,195
15 years$7,545$6,458$5,507$4,680$3,965$2,731
16 years$7,000$5,925$4,993$4,190$3,505$2,342
17 years$6,520$5,457$4,543$3,765$3,107$2,014
18 years$6,093$5,042$4,147$3,393$2,763$1,736
19 years$5,712$4,673$3,797$3,066$2,463$1,499
20 years$5,370$4,343$3,484$2,777$2,200$1,296
21 years$5,060$4,045$3,205$2,520$1,969$1,123
22 years$4,779$3,776$2,954$2,291$1,765$974
23 years$4,523$3,531$2,727$2,087$1,584$845
24 years$4,289$3,309$2,522$1,903$1,424$735
25 years$4,073$3,105$2,336$1,738$1,281$639
26 years$3,875$2,918$2,167$1,589$1,154$556
27 years$3,692$2,746$2,012$1,455$1,040$484
28 years$3,521$2,588$1,870$1,333$939$422
29 years$3,363$2,441$1,741$1,222$848$367
30 years$3,216$2,306$1,621$1,122$766$320
31 years$3,079$2,180$1,512$1,030$692$279
32 years$2,950$2,062$1,410$947$626$244
33 years$2,830$1,953$1,317$871$567$213
34 years$2,716$1,851$1,230$801$513$186
35 years$2,610$1,756$1,150$737$465$162
36 years$2,509$1,666$1,076$679$421$142
37 years$2,415$1,583$1,007$626$382$124
38 years$2,325$1,504$943$577$346$108
39 years$2,240$1,430$884$532$314$94
40 years$2,160$1,361$828$491$285$82
41 years$2,084$1,295$777$453$258$72
42 years$2,012$1,234$728$418$234$63
43 years$1,943$1,175$684$386$213$55
44 years$1,877$1,120$642$356$193$48
45 years$1,815$1,068$603$329$175$42
46 years$1,755$1,019$566$304$159$37
47 years$1,699$973$532$281$144$32
48 years$1,644$929$500$259$131$28
49 years$1,592$887$470$240$119$24
50 years$1,543$847$441$221$108$21

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 $2,078 every year, while hoping to spend $32,421 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: 22/49/29 Blend
45$1,580,000$1,580,000$1,580,000$1,580,000
46$1,743,303$1,659,563$1,635,073$1,765,614
47$1,886,625$1,706,386$1,655,353$1,832,564
48$2,043,478$1,754,417$1,675,225$1,901,297
49$2,215,210$1,803,680$1,694,642$1,974,136
50$2,403,302$1,854,201$1,713,553$2,051,438
51$2,609,387$1,906,005$1,731,905$2,133,597
52$2,835,262$1,959,118$1,749,642$2,221,043
53$3,082,908$2,013,563$1,766,704$2,314,253
54$3,354,505$2,069,368$1,783,029$2,413,750
55$3,652,455$2,126,558$1,798,550$2,520,109
56$3,979,403$2,185,156$1,813,199$2,633,963
57$4,338,263$2,245,190$1,826,903$2,756,011
58$4,732,245$2,306,684$1,839,583$2,887,020
59$5,164,885$2,369,662$1,851,160$3,027,836
60$5,640,078$2,434,150$1,861,549$3,179,392
61$6,162,114$2,500,172$1,870,659$3,342,712
62$6,735,720$2,567,751$1,878,397$3,518,926
63$7,366,104$2,636,911$1,884,663$3,709,281
64$8,059,002$2,707,676$1,889,355$3,915,148
65$8,820,735$2,780,067$1,892,363$4,138,037
66$9,658,266$2,854,106$1,893,573$4,379,614
67$10,579,266$2,929,814$1,892,865$4,641,714
68$11,592,188$3,007,211$1,890,113$4,926,358
69$12,706,343$3,086,317$1,885,184$5,235,775
70$13,931,993$3,167,149$1,877,940$5,572,419
71$15,280,441$3,249,724$1,868,236$5,938,998
72$16,764,144$3,334,058$1,855,919$6,338,492
73$18,396,825$3,420,165$1,840,831$6,774,189
74$20,193,605$3,508,058$1,822,803$7,249,712
75$22,171,147$3,597,747$1,801,661$7,769,053
76$24,347,809$3,689,241$1,777,221$8,336,612
77$26,743,818$3,782,547$1,749,291$8,957,240
78$29,381,466$3,877,670$1,717,671$9,636,283
79$32,285,312$3,974,612$1,682,149$10,379,634
80$35,482,419$4,073,373$1,642,506$11,193,787
81$39,002,606$4,173,949$1,598,511$12,085,903
82$42,878,734$4,276,335$1,549,923$13,063,871
83$47,147,010$4,380,520$1,496,490$14,136,390
84$51,847,330$4,486,491$1,437,948$15,313,046
85$57,023,661$4,594,231$1,374,022$16,604,408
86$62,724,445$4,703,720$1,304,423$18,022,123
87$69,003,068$4,814,932$1,228,850$19,579,031
88$75,918,353$4,927,836$1,146,989$21,289,282
89$83,535,122$5,042,396$1,058,510$23,168,476
90$91,924,804$5,158,573$963,069$25,233,806
91$101,166,110$5,276,319$860,308$27,504,223
92$111,345,775$5,395,581$749,851$30,000,617
93$122,559,380$5,516,300$631,307$32,746,011
94$134,912,247$5,638,409$504,266$35,765,783
95$148,520,438$5,761,833$368,301$39,087,905
96$163,511,850$5,886,490$222,966$42,743,209
97$180,027,419$6,012,288$67,795$46,765,678
98$198,222,453$6,139,128$0$51,192,766
99$218,268,096$6,266,898$0$56,096,019
100$240,352,943$6,395,477$0$61,515,033