Can I retire at age 46 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$132,952$131,768$130,613$129,485$128,384$125,433
2 years$65,818$64,592$63,404$62,252$61,135$58,179
3 years$43,443$42,212$41,027$39,886$38,787$35,917
4 years$32,257$31,030$29,857$28,735$27,663$24,902
5 years$25,548$24,328$23,170$22,072$21,029$18,384
6 years$21,076$19,866$18,725$17,651$16,639$14,114
7 years$17,884$16,683$15,561$14,512$13,532$11,126
8 years$15,490$14,300$13,197$12,173$11,226$8,939
9 years$13,630$12,451$11,366$10,369$9,454$7,284
10 years$12,142$10,975$9,909$8,938$8,055$5,999
11 years$10,926$9,770$8,724$7,779$6,928$4,983
12 years$9,913$8,769$7,742$6,823$6,004$4,168
13 years$9,056$7,925$6,917$6,024$5,235$3,505
14 years$8,323$7,204$6,215$5,347$4,589$2,960
15 years$7,688$6,581$5,611$4,769$4,041$2,509
16 years$7,133$6,038$5,088$4,270$3,571$2,134
17 years$6,644$5,560$4,630$3,837$3,166$1,819
18 years$6,209$5,138$4,226$3,458$2,815$1,554
19 years$5,821$4,762$3,869$3,124$2,509$1,330
20 years$5,472$4,425$3,551$2,830$2,242$1,140
21 years$5,157$4,122$3,266$2,568$2,006$979
22 years$4,870$3,847$3,010$2,335$1,798$841
23 years$4,609$3,598$2,779$2,126$1,614$723
24 years$4,370$3,372$2,570$1,939$1,451$623
25 years$4,151$3,164$2,381$1,771$1,305$536
26 years$3,949$2,974$2,208$1,619$1,176$462
27 years$3,762$2,799$2,050$1,482$1,060$399
28 years$3,588$2,637$1,906$1,358$957$344
29 years$3,427$2,488$1,774$1,245$864$297
30 years$3,277$2,349$1,652$1,143$780$256
31 years$3,137$2,221$1,540$1,050$706$221
32 years$3,006$2,102$1,437$965$638$191
33 years$2,883$1,990$1,342$887$578$165
34 years$2,768$1,886$1,254$816$523$143
35 years$2,659$1,789$1,172$751$474$123
36 years$2,557$1,698$1,096$692$429$107
37 years$2,461$1,613$1,026$638$389$92
38 years$2,369$1,533$961$588$353$80
39 years$2,283$1,457$900$542$320$69
40 years$2,201$1,387$844$500$290$60
41 years$2,123$1,320$791$461$263$51
42 years$2,050$1,257$742$426$239$44
43 years$1,980$1,198$697$393$217$38
44 years$1,913$1,142$654$363$197$33
45 years$1,849$1,089$614$335$179$29
46 years$1,789$1,039$577$309$162$25
47 years$1,731$991$542$286$147$22
48 years$1,675$946$509$264$134$19
49 years$1,623$904$479$244$121$16
50 years$1,572$863$450$226$110$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,610,000, adding $2,644 every year, while hoping to spend $24,527 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: 70/15/15 Blend
45$1,610,000$1,610,000$1,610,000$1,610,000
46$1,776,947$1,691,617$1,666,662$1,895,059
47$1,932,099$1,748,410$1,696,399$2,030,704
48$2,102,255$1,807,164$1,726,310$2,175,913
49$2,288,918$1,867,948$1,756,375$2,334,201
50$2,493,747$1,930,836$1,786,572$2,506,856
51$2,718,566$1,995,904$1,816,879$2,695,294
52$2,965,386$2,063,229$1,847,270$2,901,074
53$3,236,421$2,132,894$1,877,720$3,125,913
54$3,534,112$2,204,981$1,908,199$3,371,703
55$3,861,146$2,279,580$1,938,679$3,640,525
56$4,220,484$2,356,780$1,969,125$3,934,674
57$4,615,387$2,436,677$1,999,506$4,256,675
58$5,049,450$2,519,368$2,029,782$4,609,310
59$5,526,631$2,604,954$2,059,917$4,995,643
60$6,051,292$2,693,541$2,089,869$5,419,049
61$6,628,238$2,785,238$2,119,594$5,883,245
62$7,262,764$2,880,160$2,149,045$6,392,326
63$7,960,702$2,978,424$2,178,174$6,950,803
64$8,728,479$3,080,153$2,206,929$7,563,644
65$9,573,177$3,185,474$2,235,255$8,236,324
66$10,502,598$3,294,519$2,263,092$8,974,874
67$11,525,338$3,407,425$2,290,381$9,785,935
68$12,650,868$3,524,335$2,317,055$10,676,829
69$13,889,627$3,645,397$2,343,045$11,655,617
70$15,253,112$3,770,765$2,368,281$12,731,184
71$16,753,995$3,900,598$2,392,684$13,913,318
72$18,406,237$4,035,062$2,416,174$15,212,803
73$20,225,224$4,174,330$2,438,666$16,641,519
74$22,227,906$4,318,582$2,460,070$18,212,558
75$24,432,962$4,468,002$2,480,292$19,940,344
76$26,860,975$4,622,785$2,499,233$21,840,769
77$29,534,624$4,783,132$2,516,788$23,931,343
78$32,478,902$4,949,251$2,532,846$26,231,362
79$35,721,346$5,121,360$2,547,292$28,762,084
80$39,292,301$5,299,685$2,560,004$31,546,935
81$43,225,206$5,484,460$2,570,855$34,611,726
82$47,556,908$5,675,929$2,579,709$37,984,899
83$52,328,010$5,874,347$2,586,427$41,697,793
84$57,583,253$6,079,976$2,590,858$45,784,941
85$63,371,941$6,293,091$2,592,848$50,284,394
86$69,748,405$6,513,978$2,592,234$55,238,083
87$76,772,512$6,742,933$2,588,844$60,692,211
88$84,510,235$6,980,264$2,582,497$66,697,689
89$93,034,275$7,226,293$2,573,007$73,310,620
90$102,424,743$7,481,353$2,560,174$80,592,825
91$112,769,919$7,745,791$2,543,792$88,612,424
92$124,167,085$8,019,969$2,523,644$97,444,486
93$136,723,443$8,304,263$2,499,501$107,171,730
94$150,557,126$8,599,064$2,471,126$117,885,308
95$165,798,314$8,904,779$2,438,270$129,685,667
96$182,590,460$9,221,831$2,400,670$142,683,492
97$201,091,647$9,550,661$2,358,053$157,000,758
98$221,476,080$9,891,728$2,310,132$172,771,872
99$243,935,727$10,245,510$2,256,608$190,144,949
100$268,682,134$10,612,503$2,197,168$209,283,204