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%18.9%
1 years$133,778$132,586$131,424$130,289$129,181$124,548
2 years$66,227$64,993$63,798$62,639$61,515$56,897
3 years$43,713$42,474$41,282$40,133$39,028$34,571
4 years$32,458$31,223$30,042$28,914$27,835$23,572
5 years$25,707$24,479$23,314$22,209$21,160$17,103
6 years$21,207$19,989$18,841$17,760$16,743$12,895
7 years$17,995$16,787$15,657$14,602$13,616$9,977
8 years$15,586$14,389$13,279$12,249$11,296$7,861
9 years$13,714$12,528$11,437$10,434$9,513$6,278
10 years$12,217$11,043$9,971$8,994$8,106$5,066
11 years$10,994$9,831$8,778$7,827$6,971$4,119
12 years$9,974$8,824$7,790$6,866$6,041$3,371
13 years$9,113$7,974$6,960$6,061$5,268$2,772
14 years$8,375$7,248$6,254$5,381$4,618$2,288
15 years$7,736$6,622$5,646$4,798$4,066$1,895
16 years$7,177$6,075$5,119$4,297$3,593$1,574
17 years$6,685$5,595$4,658$3,860$3,186$1,310
18 years$6,248$5,170$4,252$3,479$2,833$1,092
19 years$5,857$4,791$3,893$3,144$2,525$912
20 years$5,506$4,452$3,573$2,847$2,255$762
21 years$5,189$4,147$3,286$2,584$2,018$638
22 years$4,900$3,871$3,029$2,349$1,809$534
23 years$4,638$3,621$2,797$2,140$1,624$448
24 years$4,397$3,392$2,586$1,951$1,460$375
25 years$4,177$3,184$2,395$1,782$1,314$315
26 years$3,973$2,992$2,222$1,630$1,183$264
27 years$3,785$2,816$2,063$1,492$1,067$222
28 years$3,611$2,653$1,918$1,367$963$186
29 years$3,449$2,503$1,785$1,253$869$156
30 years$3,298$2,364$1,662$1,150$785$131
31 years$3,157$2,235$1,550$1,056$710$110
32 years$3,025$2,115$1,446$971$642$93
33 years$2,901$2,003$1,350$893$581$78
34 years$2,785$1,898$1,261$821$526$66
35 years$2,676$1,800$1,179$756$477$55
36 years$2,573$1,709$1,103$696$432$46
37 years$2,476$1,623$1,033$642$391$39
38 years$2,384$1,542$967$591$355$33
39 years$2,297$1,467$906$545$322$28
40 years$2,215$1,395$849$503$292$23
41 years$2,137$1,328$796$464$265$19
42 years$2,062$1,265$747$428$240$16
43 years$1,992$1,205$701$395$218$14
44 years$1,925$1,149$658$365$198$12
45 years$1,861$1,095$618$337$180$10
46 years$1,800$1,045$580$311$163$8
47 years$1,742$997$545$288$148$7
48 years$1,686$952$512$266$135$6
49 years$1,633$909$481$246$122$5
50 years$1,582$868$453$227$111$4

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 $5,599 every year, while hoping to spend $22,940 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: 26/50/24 Blend
45$1,620,000$1,620,000$1,620,000$1,620,000
46$1,791,015$1,705,155$1,680,045$1,823,893
47$1,949,291$1,764,300$1,711,919$1,909,952
48$2,122,942$1,825,574$1,744,091$1,999,870
49$2,313,512$1,889,057$1,776,549$2,095,867
50$2,522,702$1,954,833$1,809,275$2,198,469
51$2,752,386$2,022,988$1,842,254$2,308,255
52$3,004,627$2,093,612$1,875,467$2,425,860
53$3,281,699$2,166,799$1,908,895$2,551,977
54$3,586,106$2,242,646$1,942,517$2,687,372
55$3,920,608$2,321,255$1,976,310$2,832,882
56$4,288,243$2,402,729$2,010,250$2,989,427
57$4,692,361$2,487,180$2,044,310$3,158,017
58$5,136,650$2,574,720$2,078,463$3,339,763
59$5,625,176$2,665,468$2,112,678$3,535,884
60$6,162,415$2,759,548$2,146,925$3,747,719
61$6,753,302$2,857,087$2,181,168$3,976,740
62$7,403,273$2,958,218$2,215,371$4,224,567
63$8,118,316$3,063,080$2,249,495$4,492,978
64$8,905,031$3,171,818$2,283,500$4,783,930
65$9,770,689$3,284,581$2,317,342$5,099,573
66$10,723,300$3,401,526$2,350,973$5,442,274
67$11,771,691$3,522,816$2,384,345$5,814,635
68$12,925,588$3,648,618$2,417,406$6,219,518
69$14,195,708$3,779,111$2,450,099$6,660,073
70$15,593,860$3,914,477$2,482,366$7,139,764
71$17,133,054$4,054,906$2,514,146$7,662,404
72$18,827,627$4,200,598$2,545,371$8,232,189
73$20,693,377$4,351,759$2,575,973$8,853,737
74$22,747,711$4,508,606$2,605,879$9,532,130
75$25,009,812$4,671,361$2,635,009$10,272,963
76$27,500,814$4,840,260$2,663,284$11,082,394
77$30,244,009$5,015,544$2,690,615$11,967,202
78$33,265,060$5,197,468$2,716,913$12,934,850
79$36,592,247$5,386,295$2,742,081$13,993,557
80$40,256,734$5,582,301$2,766,018$15,152,371
81$44,292,858$5,785,771$2,788,617$16,421,253
82$48,738,460$5,997,004$2,809,766$17,811,175
83$53,635,237$6,216,311$2,829,347$19,334,217
84$59,029,137$6,444,016$2,847,236$21,003,685
85$64,970,792$6,680,457$2,863,302$22,834,229
86$71,515,998$6,925,984$2,877,408$24,841,987
87$78,726,238$7,180,966$2,889,409$27,044,732
88$86,669,264$7,445,783$2,899,154$29,462,038
89$95,419,737$7,720,833$2,906,484$32,115,467
90$105,059,929$8,006,533$2,911,230$35,028,769
91$115,680,503$8,303,315$2,913,218$38,228,104
92$127,381,367$8,611,630$2,912,263$41,742,287
93$140,272,614$8,931,947$2,908,171$45,603,062
94$154,475,567$9,264,759$2,900,741$49,845,398
95$170,123,917$9,610,575$2,889,758$54,507,815
96$187,364,993$9,969,929$2,875,001$59,632,750
97$206,361,144$10,343,377$2,856,235$65,266,953
98$227,291,277$10,731,499$2,833,216$71,461,930
99$250,352,545$11,134,900$2,805,686$78,274,420
100$275,762,205$11,554,211$2,773,378$85,766,939