Can I retire at age 46 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$132,127$130,950$129,801$128,681$127,586$126,729
2 years$65,409$64,191$63,010$61,866$60,755$59,891
3 years$43,173$41,950$40,772$39,638$38,546$37,701
4 years$32,057$30,837$29,671$28,557$27,491$26,672
5 years$25,389$24,177$23,026$21,934$20,898$20,108
6 years$20,945$19,742$18,609$17,541$16,536$15,775
7 years$17,773$16,579$15,464$14,422$13,448$12,717
8 years$15,394$14,212$13,115$12,098$11,157$10,455
9 years$13,545$12,374$11,296$10,305$9,396$8,723
10 years$12,067$10,907$9,848$8,883$8,005$7,362
11 years$10,858$9,710$8,670$7,731$6,885$6,271
12 years$9,851$8,715$7,694$6,781$5,966$5,380
13 years$9,000$7,876$6,874$5,986$5,203$4,644
14 years$8,271$7,159$6,177$5,314$4,561$4,029
15 years$7,640$6,540$5,577$4,739$4,016$3,511
16 years$7,089$6,000$5,056$4,243$3,549$3,069
17 years$6,602$5,526$4,601$3,813$3,147$2,692
18 years$6,171$5,106$4,200$3,436$2,798$2,367
19 years$5,785$4,732$3,845$3,105$2,494$2,086
20 years$5,438$4,398$3,529$2,812$2,228$1,842
21 years$5,124$4,096$3,246$2,552$1,993$1,629
22 years$4,840$3,824$2,991$2,320$1,787$1,443
23 years$4,581$3,576$2,762$2,113$1,604$1,280
24 years$4,343$3,351$2,554$1,927$1,442$1,137
25 years$4,125$3,144$2,366$1,760$1,297$1,011
26 years$3,924$2,955$2,194$1,609$1,169$899
27 years$3,738$2,781$2,038$1,473$1,054$801
28 years$3,566$2,621$1,894$1,350$951$713
29 years$3,406$2,472$1,763$1,238$858$636
30 years$3,257$2,335$1,642$1,136$776$567
31 years$3,118$2,207$1,531$1,043$701$506
32 years$2,987$2,088$1,428$959$634$452
33 years$2,865$1,978$1,333$882$574$404
34 years$2,751$1,875$1,246$811$520$361
35 years$2,643$1,778$1,165$747$471$322
36 years$2,541$1,688$1,090$688$427$288
37 years$2,445$1,603$1,020$634$387$258
38 years$2,355$1,523$955$584$350$231
39 years$2,269$1,448$895$539$318$206
40 years$2,187$1,378$839$497$288$185
41 years$2,110$1,312$786$458$262$165
42 years$2,037$1,249$738$423$237$148
43 years$1,967$1,190$692$390$215$132
44 years$1,901$1,135$650$361$195$118
45 years$1,838$1,082$610$333$177$106
46 years$1,778$1,032$573$308$161$95
47 years$1,720$985$538$284$146$85
48 years$1,665$940$506$263$133$76
49 years$1,612$898$476$243$121$68
50 years$1,562$858$447$224$110$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,600,000, adding $4,824 every year, while hoping to spend $56,367 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: 71/13/16 Blend
45$1,600,000$1,600,000$1,600,000$1,600,000
46$1,768,176$1,683,376$1,658,576$1,886,862
47$1,888,556$1,705,887$1,654,164$1,988,855
48$2,019,325$1,727,613$1,647,715$2,093,227
49$2,161,485$1,748,454$1,639,102$2,206,037
50$2,316,134$1,768,306$1,628,190$2,328,110
51$2,484,484$1,787,057$1,614,839$2,460,354
52$2,667,868$1,804,589$1,598,902$2,603,773
53$2,867,750$1,820,774$1,580,225$2,759,469
54$3,085,745$1,835,476$1,558,647$2,928,661
55$3,323,628$1,848,551$1,533,998$3,112,690
56$3,583,353$1,859,846$1,506,103$3,313,036
57$3,867,074$1,869,197$1,474,776$3,531,329
58$4,177,158$1,876,430$1,439,823$3,769,368
59$4,516,213$1,881,360$1,401,042$4,029,135
60$4,887,110$1,883,791$1,358,221$4,312,814
61$5,293,012$1,883,513$1,311,138$4,622,814
62$5,737,400$1,880,306$1,259,562$4,961,791
63$6,224,107$1,873,933$1,203,249$5,332,673
64$6,757,355$1,864,145$1,141,947$5,738,686
65$7,341,793$1,850,676$1,075,391$6,183,389
66$7,982,543$1,833,246$1,003,303$6,670,705
67$8,685,244$1,811,556$925,395$7,204,958
68$9,456,107$1,785,291$841,364$7,790,915
69$10,301,975$1,754,115$750,895$8,433,833
70$11,230,384$1,717,674$653,657$9,139,504
71$12,249,635$1,675,592$549,306$9,914,317
72$13,368,872$1,627,471$437,483$10,765,312
73$14,598,170$1,572,890$317,812$11,700,252
74$15,948,625$1,511,403$189,900$12,727,695
75$17,432,462$1,442,539$53,339$13,857,073
76$19,063,148$1,365,798$0$15,098,786
77$20,855,520$1,280,653$0$16,480,070
78$22,825,925$1,186,546$0$18,008,531
79$24,992,369$1,082,887$0$19,689,063
80$27,374,694$969,052$0$21,537,104
81$29,994,758$844,381$0$23,569,666
82$32,876,647$708,179$0$25,805,499
83$36,046,894$559,709$0$28,265,263
84$39,534,737$398,194$0$30,971,727
85$43,372,388$222,814$0$33,949,982
86$47,595,340$32,701$0$37,227,680
87$52,242,701$0$0$40,835,294
88$57,357,561$0$0$44,831,163
89$62,987,399$0$0$49,234,595
90$69,184,530$0$0$54,081,843
91$76,006,600$0$0$59,418,007
92$83,517,127$0$0$65,292,784
93$91,786,099$0$0$71,760,934
94$100,890,639$0$0$78,882,796
95$110,915,726$0$0$86,724,858
96$121,955,000$0$0$95,360,386
97$134,111,646$0$0$104,870,110
98$147,499,362$0$0$115,342,989
99$162,243,437$0$0$126,877,049
100$178,481,932$0$0$139,580,310