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

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$132,127$130,950$129,801$128,681$127,586$125,680
2 years$65,409$64,191$63,010$61,866$60,755$58,839
3 years$43,173$41,950$40,772$39,638$38,546$36,679
4 years$32,057$30,837$29,671$28,557$27,491$25,688
5 years$25,389$24,177$23,026$21,934$20,898$19,165
6 years$20,945$19,742$18,609$17,541$16,536$14,874
7 years$17,773$16,579$15,464$14,422$13,448$11,858
8 years$15,394$14,212$13,115$12,098$11,157$9,638
9 years$13,545$12,374$11,296$10,305$9,396$7,947
10 years$12,067$10,907$9,848$8,883$8,005$6,627
11 years$10,858$9,710$8,670$7,731$6,885$5,575
12 years$9,851$8,715$7,694$6,781$5,966$4,723
13 years$9,000$7,876$6,874$5,986$5,203$4,025
14 years$8,271$7,159$6,177$5,314$4,561$3,446
15 years$7,640$6,540$5,577$4,739$4,016$2,962
16 years$7,089$6,000$5,056$4,243$3,549$2,554
17 years$6,602$5,526$4,601$3,813$3,147$2,209
18 years$6,171$5,106$4,200$3,436$2,798$1,915
19 years$5,785$4,732$3,845$3,105$2,494$1,663
20 years$5,438$4,398$3,529$2,812$2,228$1,447
21 years$5,124$4,096$3,246$2,552$1,993$1,261
22 years$4,840$3,824$2,991$2,320$1,787$1,100
23 years$4,581$3,576$2,762$2,113$1,604$961
24 years$4,343$3,351$2,554$1,927$1,442$841
25 years$4,125$3,144$2,366$1,760$1,297$736
26 years$3,924$2,955$2,194$1,609$1,169$644
27 years$3,738$2,781$2,038$1,473$1,054$565
28 years$3,566$2,621$1,894$1,350$951$495
29 years$3,406$2,472$1,763$1,238$858$434
30 years$3,257$2,335$1,642$1,136$776$381
31 years$3,118$2,207$1,531$1,043$701$335
32 years$2,987$2,088$1,428$959$634$294
33 years$2,865$1,978$1,333$882$574$258
34 years$2,751$1,875$1,246$811$520$227
35 years$2,643$1,778$1,165$747$471$199
36 years$2,541$1,688$1,090$688$427$175
37 years$2,445$1,603$1,020$634$387$154
38 years$2,355$1,523$955$584$350$135
39 years$2,269$1,448$895$539$318$119
40 years$2,187$1,378$839$497$288$105
41 years$2,110$1,312$786$458$262$92
42 years$2,037$1,249$738$423$237$81
43 years$1,967$1,190$692$390$215$71
44 years$1,901$1,135$650$361$195$63
45 years$1,838$1,082$610$333$177$55
46 years$1,778$1,032$573$308$161$49
47 years$1,720$985$538$284$146$43
48 years$1,665$940$506$263$133$38
49 years$1,612$898$476$243$121$33
50 years$1,562$858$447$224$110$29

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 $6,670 every year, while hoping to spend $34,236 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: 60/17/23 Blend
45$1,600,000$1,600,000$1,600,000$1,600,000
46$1,770,080$1,685,280$1,660,480$1,865,086
47$1,914,201$1,731,432$1,679,679$1,976,518
48$2,071,876$1,778,698$1,698,374$2,093,734
49$2,244,449$1,827,096$1,716,512$2,220,873
50$2,433,404$1,876,645$1,734,036$2,358,906
51$2,640,373$1,927,363$1,750,889$2,508,901
52$2,867,154$1,979,266$1,767,006$2,672,037
53$3,115,727$2,032,373$1,782,324$2,849,608
54$3,388,272$2,086,701$1,796,773$3,043,044
55$3,687,191$2,142,264$1,810,280$3,253,919
56$4,015,129$2,199,080$1,822,769$3,483,966
57$4,375,000$2,257,162$1,834,159$3,735,095
58$4,770,013$2,316,526$1,844,367$4,009,411
59$5,203,704$2,377,185$1,853,302$4,309,234
60$5,679,966$2,439,152$1,860,872$4,637,117
61$6,203,089$2,502,437$1,866,978$4,995,876
62$6,777,800$2,567,052$1,871,518$5,388,613
63$7,409,305$2,633,007$1,874,382$5,818,747
64$8,103,338$2,700,308$1,875,458$6,290,045
65$8,866,218$2,768,963$1,874,626$6,806,657
66$9,704,907$2,838,976$1,871,760$7,373,157
67$10,627,073$2,910,352$1,866,730$7,994,586
68$11,641,167$2,983,092$1,859,398$8,676,499
69$12,756,498$3,057,195$1,849,620$9,425,016
70$13,983,322$3,132,659$1,837,243$10,246,883
71$15,332,941$3,209,480$1,822,111$11,149,534
72$16,817,805$3,287,648$1,804,056$12,141,161
73$18,451,634$3,367,156$1,782,905$13,230,792
74$20,249,544$3,447,990$1,758,475$14,428,376
75$22,228,189$3,530,133$1,730,576$15,744,878
76$24,405,922$3,613,567$1,699,008$17,192,381
77$26,802,963$3,698,269$1,663,561$18,784,202
78$29,441,593$3,784,211$1,624,018$20,535,015
79$32,346,361$3,871,364$1,580,149$22,460,994
80$35,544,321$3,959,692$1,531,715$24,579,962
81$39,065,279$4,049,154$1,478,465$26,911,563
82$42,942,082$4,139,707$1,420,137$29,477,442
83$47,210,921$4,231,299$1,356,459$32,301,458
84$51,911,677$4,323,875$1,287,142$35,409,900
85$57,088,295$4,417,372$1,211,888$38,831,745
86$62,789,199$4,511,721$1,130,385$42,598,922
87$69,067,749$4,606,848$1,042,305$46,746,624
88$75,982,745$4,702,668$947,307$51,313,631
89$83,598,977$4,799,091$845,034$56,342,685
90$91,987,844$4,896,018$735,114$61,880,886
91$101,228,021$4,993,340$617,157$67,980,144
92$111,406,205$5,090,939$490,758$74,697,665
93$122,617,931$5,188,688$355,491$82,096,494
94$134,968,474$5,286,448$210,914$90,246,108
95$148,573,843$5,384,068$56,564$99,223,078
96$163,561,875$5,481,388$0$109,111,785
97$180,073,441$5,578,231$0$120,031,766
98$198,263,778$5,674,410$0$132,075,499
99$218,303,948$5,769,721$0$145,342,161
100$240,382,460$5,863,946$0$159,956,353