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%18.9%
1 years$132,127$130,950$129,801$128,681$127,586$123,010
2 years$65,409$64,191$63,010$61,866$60,755$56,195
3 years$43,173$41,950$40,772$39,638$38,546$34,144
4 years$32,057$30,837$29,671$28,557$27,491$23,281
5 years$25,389$24,177$23,026$21,934$20,898$16,892
6 years$20,945$19,742$18,609$17,541$16,536$12,736
7 years$17,773$16,579$15,464$14,422$13,448$9,853
8 years$15,394$14,212$13,115$12,098$11,157$7,764
9 years$13,545$12,374$11,296$10,305$9,396$6,201
10 years$12,067$10,907$9,848$8,883$8,005$5,003
11 years$10,858$9,710$8,670$7,731$6,885$4,069
12 years$9,851$8,715$7,694$6,781$5,966$3,329
13 years$9,000$7,876$6,874$5,986$5,203$2,738
14 years$8,271$7,159$6,177$5,314$4,561$2,260
15 years$7,640$6,540$5,577$4,739$4,016$1,872
16 years$7,089$6,000$5,056$4,243$3,549$1,555
17 years$6,602$5,526$4,601$3,813$3,147$1,294
18 years$6,171$5,106$4,200$3,436$2,798$1,079
19 years$5,785$4,732$3,845$3,105$2,494$900
20 years$5,438$4,398$3,529$2,812$2,228$753
21 years$5,124$4,096$3,246$2,552$1,993$630
22 years$4,840$3,824$2,991$2,320$1,787$527
23 years$4,581$3,576$2,762$2,113$1,604$442
24 years$4,343$3,351$2,554$1,927$1,442$371
25 years$4,125$3,144$2,366$1,760$1,297$311
26 years$3,924$2,955$2,194$1,609$1,169$261
27 years$3,738$2,781$2,038$1,473$1,054$219
28 years$3,566$2,621$1,894$1,350$951$184
29 years$3,406$2,472$1,763$1,238$858$155
30 years$3,257$2,335$1,642$1,136$776$130
31 years$3,118$2,207$1,531$1,043$701$109
32 years$2,987$2,088$1,428$959$634$92
33 years$2,865$1,978$1,333$882$574$77
34 years$2,751$1,875$1,246$811$520$65
35 years$2,643$1,778$1,165$747$471$54
36 years$2,541$1,688$1,090$688$427$46
37 years$2,445$1,603$1,020$634$387$38
38 years$2,355$1,523$955$584$350$32
39 years$2,269$1,448$895$539$318$27
40 years$2,187$1,378$839$497$288$23
41 years$2,110$1,312$786$458$262$19
42 years$2,037$1,249$738$423$237$16
43 years$1,967$1,190$692$390$215$14
44 years$1,901$1,135$650$361$195$11
45 years$1,838$1,082$610$333$177$10
46 years$1,778$1,032$573$308$161$8
47 years$1,720$985$538$284$146$7
48 years$1,665$940$506$263$133$6
49 years$1,612$898$476$243$121$5
50 years$1,562$858$447$224$110$4

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 $5,447 every year, while hoping to spend $40,062 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: 85/8/7 Blend
45$1,600,000$1,600,000$1,600,000$1,600,000
46$1,768,819$1,684,019$1,659,219$1,917,689
47$1,906,612$1,723,910$1,672,177$2,055,531
48$2,057,119$1,764,413$1,684,226$2,200,905
49$2,221,591$1,805,516$1,695,295$2,359,346
50$2,401,412$1,847,204$1,705,305$2,532,139
51$2,598,100$1,889,462$1,714,177$2,720,702
52$2,813,330$1,932,270$1,721,826$2,926,596
53$3,048,946$1,975,607$1,728,164$3,151,538
54$3,306,978$2,019,451$1,733,096$3,397,423
55$3,589,661$2,063,775$1,736,526$3,666,335
56$3,899,456$2,108,550$1,738,349$3,960,569
57$4,239,075$2,153,744$1,738,459$4,282,657
58$4,611,505$2,199,321$1,736,741$4,635,382
59$5,020,034$2,245,243$1,733,078$5,021,816
60$5,468,285$2,291,467$1,727,343$5,445,337
61$5,960,248$2,337,947$1,719,407$5,909,672
62$6,500,318$2,384,631$1,709,132$6,418,923
63$7,093,337$2,431,465$1,696,375$6,977,611
64$7,744,639$2,478,389$1,680,985$7,590,715
65$8,460,099$2,525,337$1,662,805$8,263,722
66$9,246,189$2,572,238$1,641,669$9,002,678
67$10,110,040$2,619,018$1,617,404$9,814,242
68$11,059,508$2,665,592$1,589,830$10,705,754
69$12,103,245$2,711,874$1,558,757$11,685,298
70$13,250,787$2,757,767$1,523,987$12,761,784
71$14,512,639$2,803,169$1,485,312$13,945,027
72$15,900,372$2,847,969$1,442,514$15,245,843
73$17,426,739$2,892,048$1,395,367$16,676,151
74$19,105,788$2,935,280$1,343,634$18,249,081
75$20,952,999$2,977,529$1,287,065$19,979,104
76$22,985,424$3,018,647$1,225,402$21,882,164
77$25,221,857$3,058,480$1,158,372$23,975,831
78$27,683,001$3,096,861$1,085,692$26,279,464
79$30,391,670$3,133,610$1,007,066$28,814,397
80$33,373,001$3,168,537$922,183$31,604,137
81$36,654,691$3,201,440$830,721$34,674,588
82$40,267,260$3,232,100$732,340$38,054,294
83$44,244,334$3,260,287$626,687$41,774,712
84$48,622,970$3,285,755$513,395$45,870,502
85$53,443,996$3,308,240$392,077$50,379,861
86$58,752,404$3,327,464$262,332$55,344,879
87$64,597,769$3,343,129$123,739$60,811,938
88$71,034,718$3,354,919$0$66,832,152
89$78,123,447$3,362,499$0$73,463,647
90$85,930,287$3,365,510$0$80,776,669
91$94,528,330$3,363,573$0$88,830,398
92$103,998,118$3,356,286$0$97,700,245
93$114,428,402$3,343,220$0$107,469,308
94$125,916,984$3,323,923$0$118,229,158
95$138,571,633$3,297,911$0$130,080,704
96$152,511,106$3,264,676$0$143,135,142
97$167,866,268$3,223,674$0$157,515,008
98$184,781,326$3,174,333$0$173,355,332
99$203,415,190$3,116,044$0$190,804,916
100$223,942,972$3,048,163$0$210,027,732