Can I retire at age 46 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$133,778$132,586$131,424$130,289$129,181$128,152
2 years$66,227$64,993$63,798$62,639$61,515$60,478
3 years$43,713$42,474$41,282$40,133$39,028$38,014
4 years$32,458$31,223$30,042$28,914$27,835$26,853
5 years$25,707$24,479$23,314$22,209$21,160$20,213
6 years$21,207$19,989$18,841$17,760$16,743$15,832
7 years$17,995$16,787$15,657$14,602$13,616$12,741
8 years$15,586$14,389$13,279$12,249$11,296$10,457
9 years$13,714$12,528$11,437$10,434$9,513$8,710
10 years$12,217$11,043$9,971$8,994$8,106$7,338
11 years$10,994$9,831$8,778$7,827$6,971$6,238
12 years$9,974$8,824$7,790$6,866$6,041$5,343
13 years$9,113$7,974$6,960$6,061$5,268$4,603
14 years$8,375$7,248$6,254$5,381$4,618$3,986
15 years$7,736$6,622$5,646$4,798$4,066$3,465
16 years$7,177$6,075$5,119$4,297$3,593$3,024
17 years$6,685$5,595$4,658$3,860$3,186$2,646
18 years$6,248$5,170$4,252$3,479$2,833$2,322
19 years$5,857$4,791$3,893$3,144$2,525$2,042
20 years$5,506$4,452$3,573$2,847$2,255$1,799
21 years$5,189$4,147$3,286$2,584$2,018$1,588
22 years$4,900$3,871$3,029$2,349$1,809$1,404
23 years$4,638$3,621$2,797$2,140$1,624$1,242
24 years$4,397$3,392$2,586$1,951$1,460$1,101
25 years$4,177$3,184$2,395$1,782$1,314$976
26 years$3,973$2,992$2,222$1,630$1,183$866
27 years$3,785$2,816$2,063$1,492$1,067$770
28 years$3,611$2,653$1,918$1,367$963$684
29 years$3,449$2,503$1,785$1,253$869$608
30 years$3,298$2,364$1,662$1,150$785$541
31 years$3,157$2,235$1,550$1,056$710$482
32 years$3,025$2,115$1,446$971$642$429
33 years$2,901$2,003$1,350$893$581$383
34 years$2,785$1,898$1,261$821$526$341
35 years$2,676$1,800$1,179$756$477$304
36 years$2,573$1,709$1,103$696$432$271
37 years$2,476$1,623$1,033$642$391$242
38 years$2,384$1,542$967$591$355$216
39 years$2,297$1,467$906$545$322$192
40 years$2,215$1,395$849$503$292$172
41 years$2,137$1,328$796$464$265$153
42 years$2,062$1,265$747$428$240$137
43 years$1,992$1,205$701$395$218$122
44 years$1,925$1,149$658$365$198$109
45 years$1,861$1,095$618$337$180$97
46 years$1,800$1,045$580$311$163$87
47 years$1,742$997$545$288$148$78
48 years$1,686$952$512$266$135$69
49 years$1,633$909$481$246$122$62
50 years$1,582$868$453$227$111$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,620,000, adding $3,581 every year, while hoping to spend $33,074 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: 69/18/13 Blend
45$1,620,000$1,620,000$1,620,000$1,620,000
46$1,788,934$1,703,074$1,677,964$1,906,978
47$1,936,215$1,751,334$1,698,985$2,034,153
48$2,097,409$1,800,850$1,719,602$2,168,935
49$2,273,903$1,851,650$1,739,766$2,315,534
50$2,467,219$1,903,759$1,759,427$2,475,107
51$2,679,037$1,957,204$1,778,529$2,648,928
52$2,911,205$2,012,014$1,797,017$2,838,403
53$3,165,761$2,068,215$1,814,829$3,045,074
54$3,444,945$2,125,834$1,831,903$3,270,646
55$3,751,229$2,184,900$1,848,171$3,516,992
56$4,087,334$2,245,439$1,863,564$3,786,177
57$4,456,256$2,307,479$1,878,007$4,080,475
58$4,861,296$2,371,048$1,891,422$4,402,391
59$5,306,091$2,436,172$1,903,728$4,754,685
60$5,794,647$2,502,879$1,914,837$5,140,396
61$6,331,376$2,571,196$1,924,660$5,562,872
62$6,921,141$2,641,149$1,933,101$6,025,803
63$7,569,297$2,712,765$1,940,059$6,533,252
64$8,281,744$2,786,069$1,945,429$7,089,698
65$9,064,982$2,861,087$1,949,102$7,700,072
66$9,926,174$2,937,843$1,950,960$8,369,809
67$10,873,209$3,016,363$1,950,882$9,104,898
68$11,914,780$3,096,668$1,948,741$9,911,936
69$13,060,465$3,178,783$1,944,401$10,798,191
70$14,320,817$3,262,728$1,937,723$11,771,674
71$15,707,463$3,348,524$1,928,559$12,841,210
72$17,233,213$3,436,191$1,916,755$14,016,522
73$18,912,183$3,525,746$1,902,148$15,308,326
74$20,759,925$3,617,207$1,884,570$16,728,427
75$22,793,575$3,710,588$1,863,841$18,289,835
76$25,032,016$3,805,904$1,839,776$20,006,886
77$27,496,054$3,903,165$1,812,181$21,895,376
78$30,208,613$4,002,381$1,780,850$23,972,711
79$33,194,953$4,103,560$1,745,570$26,258,071
80$36,482,909$4,206,705$1,706,118$28,772,593
81$40,103,153$4,311,820$1,662,260$31,539,566
82$44,089,479$4,418,904$1,613,750$34,584,657
83$48,479,128$4,527,953$1,560,333$37,936,147
84$53,313,136$4,638,960$1,501,741$41,625,201
85$58,636,721$4,751,914$1,437,694$45,686,163
86$64,499,709$4,866,800$1,367,900$50,156,878
87$70,957,007$4,983,600$1,292,051$55,079,052
88$78,069,115$5,102,291$1,209,829$60,498,642
89$85,902,706$5,222,844$1,120,899$66,466,292
90$94,531,245$5,345,226$1,024,912$73,037,813
91$104,035,688$5,469,398$921,503$80,274,706
92$114,505,246$5,595,316$810,291$88,244,745
93$126,038,223$5,722,929$690,878$97,022,616
94$138,742,947$5,852,177$562,847$106,690,623
95$152,738,791$5,982,997$425,766$117,339,464
96$168,157,299$6,115,316$279,180$129,069,090
97$185,143,428$6,249,051$122,617$141,989,643
98$203,856,916$6,384,112$0$156,222,502
99$224,473,788$6,520,401$0$171,907,594
100$247,188,021$6,657,807$0$189,204,704