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%17%
1 years$131,301$130,131$128,990$127,876$126,789$123,175
2 years$65,000$63,790$62,617$61,479$60,376$56,762
3 years$42,903$41,687$40,517$39,390$38,305$34,806
4 years$31,857$30,645$29,486$28,378$27,319$23,962
5 years$25,231$24,026$22,882$21,797$20,768$17,560
6 years$20,815$19,619$18,492$17,432$16,433$13,379
7 years$17,662$16,476$15,367$14,331$13,364$10,463
8 years$15,298$14,123$13,033$12,022$11,087$8,338
9 years$13,460$12,296$11,225$10,240$9,337$6,736
10 years$11,991$10,839$9,786$8,827$7,955$5,501
11 years$10,790$9,649$8,616$7,682$6,842$4,528
12 years$9,790$8,661$7,646$6,738$5,929$3,753
13 years$8,944$7,827$6,831$5,949$5,170$3,126
14 years$8,220$7,114$6,138$5,281$4,532$2,615
15 years$7,593$6,499$5,542$4,710$3,991$2,195
16 years$7,044$5,963$5,024$4,217$3,527$1,848
17 years$6,561$5,491$4,572$3,789$3,127$1,560
18 years$6,132$5,074$4,174$3,415$2,781$1,319
19 years$5,749$4,703$3,821$3,085$2,478$1,117
20 years$5,404$4,370$3,507$2,794$2,214$947
21 years$5,092$4,071$3,225$2,536$1,981$804
22 years$4,810$3,800$2,973$2,306$1,776$684
23 years$4,552$3,554$2,745$2,100$1,594$582
24 years$4,316$3,330$2,538$1,915$1,433$495
25 years$4,099$3,125$2,351$1,749$1,289$422
26 years$3,900$2,937$2,180$1,599$1,161$359
27 years$3,715$2,764$2,025$1,464$1,047$306
28 years$3,544$2,604$1,882$1,341$945$261
29 years$3,385$2,457$1,752$1,230$853$223
30 years$3,237$2,320$1,632$1,129$771$190
31 years$3,098$2,193$1,521$1,037$697$162
32 years$2,969$2,075$1,419$953$630$139
33 years$2,847$1,965$1,325$876$570$118
34 years$2,734$1,863$1,238$806$517$101
35 years$2,626$1,767$1,158$742$468$86
36 years$2,525$1,677$1,083$683$424$74
37 years$2,430$1,593$1,014$630$384$63
38 years$2,340$1,514$949$580$348$54
39 years$2,255$1,439$889$535$316$46
40 years$2,174$1,369$833$494$286$39
41 years$2,097$1,304$782$455$260$34
42 years$2,024$1,241$733$420$236$29
43 years$1,955$1,183$688$388$214$25
44 years$1,889$1,128$646$358$194$21
45 years$1,826$1,075$606$331$176$18
46 years$1,766$1,026$569$306$160$15
47 years$1,709$979$535$282$145$13
48 years$1,655$934$503$261$132$11
49 years$1,602$892$473$241$120$10
50 years$1,552$852$444$223$109$8

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 $3,920 every year, while hoping to spend $36,529 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: 61/16/23 Blend
45$1,590,000$1,590,000$1,590,000$1,590,000
46$1,756,223$1,671,953$1,647,308$1,852,448
47$1,896,492$1,715,013$1,663,627$1,961,182
48$2,049,843$1,758,957$1,679,267$2,075,457
49$2,217,573$1,803,793$1,694,169$2,199,374
50$2,401,109$1,849,522$1,708,267$2,333,878
51$2,602,022$1,896,149$1,721,494$2,480,011
52$2,822,043$1,943,674$1,733,778$2,638,917
53$3,063,075$1,992,098$1,745,044$2,811,861
54$3,327,219$2,041,420$1,755,213$3,000,233
55$3,616,783$2,091,639$1,764,201$3,205,568
56$3,934,315$2,142,748$1,771,921$3,429,554
57$4,282,616$2,194,744$1,778,281$3,674,053
58$4,664,774$2,247,618$1,783,185$3,941,118
59$5,084,190$2,301,360$1,786,531$4,233,007
60$5,544,611$2,355,960$1,788,213$4,552,213
61$6,050,162$2,411,403$1,788,119$4,901,480
62$6,605,389$2,467,672$1,786,132$5,283,834
63$7,215,300$2,524,750$1,782,128$5,702,608
64$7,885,411$2,582,613$1,775,980$6,161,477
65$8,621,799$2,641,237$1,767,551$6,664,489
66$9,431,159$2,700,594$1,756,701$7,216,106
67$10,320,867$2,760,653$1,743,280$7,821,247
68$11,299,048$2,821,378$1,727,133$8,485,331
69$12,374,656$2,882,730$1,708,097$9,214,331
70$13,557,553$2,944,666$1,686,000$10,014,830
71$14,858,608$3,007,139$1,660,666$10,894,082
72$16,289,793$3,070,096$1,631,905$11,860,084
73$17,864,300$3,133,479$1,599,522$12,921,647
74$19,596,665$3,197,226$1,563,312$14,088,482
75$21,502,902$3,261,268$1,523,061$15,371,294
76$23,600,659$3,325,530$1,478,544$16,781,879
77$25,909,377$3,389,932$1,429,526$18,333,237
78$28,450,480$3,454,385$1,375,762$20,039,696
79$31,247,573$3,518,794$1,316,994$21,917,048
80$34,326,667$3,583,056$1,252,955$23,982,697
81$37,716,421$3,647,061$1,183,363$26,255,823
82$41,448,416$3,710,687$1,107,926$28,757,565
83$45,557,450$3,773,805$1,026,337$31,511,221
84$50,081,866$3,836,278$938,275$34,542,467
85$55,063,915$3,897,954$843,406$37,879,601
86$60,550,155$3,958,675$741,380$41,553,810
87$66,591,887$4,018,266$631,833$45,599,465
88$73,245,643$4,076,545$514,383$50,054,445
89$80,573,716$4,133,313$388,632$54,960,498
90$88,644,748$4,188,358$254,165$60,363,632
91$97,534,380$4,241,455$110,546$66,314,555
92$107,325,962$4,292,361$0$72,869,147
93$118,111,342$4,340,819$0$80,099,480
94$129,991,732$4,386,553$0$88,092,576
95$143,078,662$4,429,267$0$96,896,201
96$157,495,035$4,468,650$0$106,592,917
97$173,376,281$4,504,366$0$117,273,708
98$190,871,642$4,536,061$0$129,038,836
99$210,145,575$4,563,354$0$141,998,788
100$231,379,309$4,585,843$0$156,275,320