Can I retire at age 46 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$131,301$130,131$128,990$127,876$126,789$123,976
2 years$65,000$63,790$62,617$61,479$60,376$57,556
3 years$42,903$41,687$40,517$39,390$38,305$35,567
4 years$31,857$30,645$29,486$28,378$27,319$24,684
5 years$25,231$24,026$22,882$21,797$20,768$18,242
6 years$20,815$19,619$18,492$17,432$16,433$14,020
7 years$17,662$16,476$15,367$14,331$13,364$11,065
8 years$15,298$14,123$13,033$12,022$11,087$8,900
9 years$13,460$12,296$11,225$10,240$9,337$7,261
10 years$11,991$10,839$9,786$8,827$7,955$5,988
11 years$10,790$9,649$8,616$7,682$6,842$4,980
12 years$9,790$8,661$7,646$6,738$5,929$4,171
13 years$8,944$7,827$6,831$5,949$5,170$3,512
14 years$8,220$7,114$6,138$5,281$4,532$2,970
15 years$7,593$6,499$5,542$4,710$3,991$2,521
16 years$7,044$5,963$5,024$4,217$3,527$2,147
17 years$6,561$5,491$4,572$3,789$3,127$1,833
18 years$6,132$5,074$4,174$3,415$2,781$1,568
19 years$5,749$4,703$3,821$3,085$2,478$1,344
20 years$5,404$4,370$3,507$2,794$2,214$1,154
21 years$5,092$4,071$3,225$2,536$1,981$992
22 years$4,810$3,800$2,973$2,306$1,776$854
23 years$4,552$3,554$2,745$2,100$1,594$735
24 years$4,316$3,330$2,538$1,915$1,433$634
25 years$4,099$3,125$2,351$1,749$1,289$547
26 years$3,900$2,937$2,180$1,599$1,161$472
27 years$3,715$2,764$2,025$1,464$1,047$408
28 years$3,544$2,604$1,882$1,341$945$352
29 years$3,385$2,457$1,752$1,230$853$305
30 years$3,237$2,320$1,632$1,129$771$263
31 years$3,098$2,193$1,521$1,037$697$228
32 years$2,969$2,075$1,419$953$630$197
33 years$2,847$1,965$1,325$876$570$171
34 years$2,734$1,863$1,238$806$517$148
35 years$2,626$1,767$1,158$742$468$128
36 years$2,525$1,677$1,083$683$424$111
37 years$2,430$1,593$1,014$630$384$96
38 years$2,340$1,514$949$580$348$83
39 years$2,255$1,439$889$535$316$72
40 years$2,174$1,369$833$494$286$62
41 years$2,097$1,304$782$455$260$54
42 years$2,024$1,241$733$420$236$47
43 years$1,955$1,183$688$388$214$40
44 years$1,889$1,128$646$358$194$35
45 years$1,826$1,075$606$331$176$30
46 years$1,766$1,026$569$306$160$26
47 years$1,709$979$535$282$145$23
48 years$1,655$934$503$261$132$20
49 years$1,602$892$473$241$120$17
50 years$1,552$852$444$223$109$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,590,000, adding $2,673 every year, while hoping to spend $56,224 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: 52/23/25 Blend
45$1,590,000$1,590,000$1,590,000$1,590,000
46$1,754,937$1,670,667$1,646,022$1,833,822
47$1,874,119$1,692,708$1,641,342$1,910,775
48$2,003,573$1,713,944$1,634,621$1,988,481
49$2,144,287$1,734,278$1,625,730$2,071,866
50$2,297,349$1,753,602$1,614,537$2,161,493
51$2,463,956$1,771,806$1,600,901$2,257,984
52$2,645,423$1,788,768$1,584,675$2,362,027
53$2,843,199$1,804,360$1,565,705$2,474,381
54$3,058,879$1,818,447$1,543,829$2,595,886
55$3,294,216$1,830,883$1,518,879$2,727,468
56$3,551,143$1,841,513$1,490,679$2,870,152
57$3,831,786$1,850,173$1,459,042$3,025,067
58$4,138,484$1,856,688$1,423,777$3,193,465
59$4,473,816$1,860,872$1,384,679$3,376,723
60$4,840,616$1,862,526$1,341,537$3,576,366
61$5,242,011$1,861,442$1,294,130$3,794,075
62$5,681,439$1,857,395$1,242,226$4,031,709
63$6,162,687$1,850,149$1,185,583$4,291,319
64$6,689,928$1,839,453$1,123,947$4,575,168
65$7,267,755$1,825,041$1,057,053$4,885,757
66$7,901,227$1,806,629$984,626$5,225,846
67$8,595,917$1,783,918$906,375$5,598,480
68$9,357,961$1,756,590$821,999$6,007,022
69$10,194,118$1,724,309$731,181$6,455,183
70$11,111,836$1,686,718$633,594$6,947,059
71$12,119,316$1,643,439$528,891$7,487,171
72$13,225,591$1,594,073$416,715$8,080,505
73$14,440,615$1,538,196$296,688$8,732,566
74$15,775,351$1,475,361$168,421$9,449,429
75$17,241,877$1,405,093$31,502$10,237,793
76$18,853,497$1,326,892$0$11,105,053
77$20,624,871$1,240,227$0$12,089,939
78$22,572,147$1,144,537$0$13,181,832
79$24,713,116$1,039,229$0$14,382,370
80$27,067,380$923,678$0$15,702,635
81$29,656,536$797,221$0$17,154,841
82$32,504,376$659,158$0$18,752,452
83$35,637,117$508,751$0$20,510,313
84$39,083,641$345,219$0$22,444,785
85$42,875,775$167,737$0$24,573,906
86$47,048,583$0$0$26,917,558
87$51,640,701$0$0$29,503,876
88$56,694,699$0$0$32,397,237
89$62,257,485$0$0$35,582,067
90$68,380,742$0$0$39,087,978
91$75,121,422$0$0$42,947,604
92$82,542,274$0$0$47,196,900
93$90,712,445$0$0$51,875,486
94$99,708,126$0$0$57,027,020
95$109,613,271$0$0$62,699,608
96$120,520,390$0$0$68,946,259
97$132,531,423$0$0$75,825,384
98$145,758,696$0$0$83,401,347
99$160,325,987$0$0$91,745,075
100$176,369,689$0$0$100,934,721