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%15.8%
1 years$133,778$132,586$131,424$130,289$129,181$126,109
2 years$66,227$64,993$63,798$62,639$61,515$58,438
3 years$43,713$42,474$41,282$40,133$39,028$36,042
4 years$32,458$31,223$30,042$28,914$27,835$24,963
5 years$25,707$24,479$23,314$22,209$21,160$18,410
6 years$21,207$19,989$18,841$17,760$16,743$14,118
7 years$17,995$16,787$15,657$14,602$13,616$11,117
8 years$15,586$14,389$13,279$12,249$11,296$8,921
9 years$13,714$12,528$11,437$10,434$9,513$7,260
10 years$12,217$11,043$9,971$8,994$8,106$5,973
11 years$10,994$9,831$8,778$7,827$6,971$4,955
12 years$9,974$8,824$7,790$6,866$6,041$4,139
13 years$9,113$7,974$6,960$6,061$5,268$3,476
14 years$8,375$7,248$6,254$5,381$4,618$2,932
15 years$7,736$6,622$5,646$4,798$4,066$2,482
16 years$7,177$6,075$5,119$4,297$3,593$2,107
17 years$6,685$5,595$4,658$3,860$3,186$1,794
18 years$6,248$5,170$4,252$3,479$2,833$1,530
19 years$5,857$4,791$3,893$3,144$2,525$1,308
20 years$5,506$4,452$3,573$2,847$2,255$1,119
21 years$5,189$4,147$3,286$2,584$2,018$959
22 years$4,900$3,871$3,029$2,349$1,809$823
23 years$4,638$3,621$2,797$2,140$1,624$707
24 years$4,397$3,392$2,586$1,951$1,460$607
25 years$4,177$3,184$2,395$1,782$1,314$522
26 years$3,973$2,992$2,222$1,630$1,183$449
27 years$3,785$2,816$2,063$1,492$1,067$387
28 years$3,611$2,653$1,918$1,367$963$333
29 years$3,449$2,503$1,785$1,253$869$287
30 years$3,298$2,364$1,662$1,150$785$247
31 years$3,157$2,235$1,550$1,056$710$213
32 years$3,025$2,115$1,446$971$642$184
33 years$2,901$2,003$1,350$893$581$159
34 years$2,785$1,898$1,261$821$526$137
35 years$2,676$1,800$1,179$756$477$118
36 years$2,573$1,709$1,103$696$432$102
37 years$2,476$1,623$1,033$642$391$88
38 years$2,384$1,542$967$591$355$76
39 years$2,297$1,467$906$545$322$65
40 years$2,215$1,395$849$503$292$57
41 years$2,137$1,328$796$464$265$49
42 years$2,062$1,265$747$428$240$42
43 years$1,992$1,205$701$395$218$36
44 years$1,925$1,149$658$365$198$31
45 years$1,861$1,095$618$337$180$27
46 years$1,800$1,045$580$311$163$23
47 years$1,742$997$545$288$148$20
48 years$1,686$952$512$266$135$17
49 years$1,633$909$481$246$122$15
50 years$1,582$868$453$227$111$13

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 $3,081 every year, while hoping to spend $49,760 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: 51/34/15 Blend
45$1,620,000$1,620,000$1,620,000$1,620,000
46$1,788,418$1,702,558$1,677,448$1,872,173
47$1,917,892$1,733,039$1,680,698$1,960,452
48$2,058,905$1,763,346$1,682,390$2,050,899
49$2,212,582$1,793,418$1,682,417$2,148,124
50$2,380,158$1,823,188$1,680,672$2,252,784
51$2,562,997$1,852,588$1,677,037$2,365,600
52$2,762,598$1,881,539$1,671,393$2,487,369
53$2,980,610$1,909,962$1,663,612$2,618,971
54$3,218,851$1,937,769$1,653,561$2,761,375
55$3,479,320$1,964,866$1,641,102$2,915,650
56$3,764,220$1,991,153$1,626,088$3,082,975
57$4,075,975$2,016,524$1,608,366$3,264,651
58$4,417,254$2,040,864$1,587,777$3,462,114
59$4,790,998$2,064,051$1,564,152$3,676,946
60$5,200,445$2,085,954$1,537,315$3,910,893
61$5,649,159$2,106,434$1,507,084$4,165,881
62$6,141,067$2,125,344$1,473,266$4,444,035
63$6,680,495$2,142,524$1,435,659$4,747,697
64$7,272,205$2,157,807$1,394,053$5,079,452
65$7,921,443$2,171,014$1,348,227$5,442,152
66$8,633,990$2,181,952$1,297,952$5,838,940
67$9,416,209$2,190,421$1,242,986$6,273,284
68$10,275,114$2,196,203$1,183,078$6,749,009
69$11,218,429$2,199,070$1,117,964$7,270,335
70$12,254,662$2,198,778$1,047,369$7,841,913
71$13,393,188$2,195,068$971,006$8,468,877
72$14,644,332$2,187,666$888,574$9,156,885
73$16,019,472$2,176,279$799,759$9,912,178
74$17,531,141$2,160,599$704,233$10,741,640
75$19,193,147$2,140,298$601,655$11,652,862
76$21,020,703$2,115,028$491,666$12,654,214
77$23,030,570$2,084,420$373,892$13,754,928
78$25,241,216$2,048,084$247,944$14,965,181
79$27,672,985$2,005,605$113,416$16,296,200
80$30,348,295$1,956,546$0$17,760,360
81$33,291,846$1,900,441$0$19,376,136
82$36,530,852$1,836,800$0$21,173,435
83$40,095,298$1,765,103$0$23,150,752
84$44,018,224$1,684,799$0$25,326,459
85$48,336,035$1,595,306$0$27,720,810
86$53,088,843$1,496,009$0$30,356,127
87$58,320,848$1,386,256$0$33,257,019
88$64,080,750$1,265,358$0$36,450,611
89$70,422,215$1,132,589$0$39,966,803
90$77,404,373$987,178$0$43,838,555
91$85,092,383$828,314$0$48,102,195
92$93,558,042$655,137$0$52,797,769
93$102,880,465$466,742$0$57,969,416
94$113,146,830$262,169$0$63,665,791
95$124,453,199$40,408$0$69,940,520
96$136,905,427$0$0$76,852,716
97$150,620,160$0$0$84,542,214
98$165,725,933$0$0$93,028,516
99$182,364,384$0$0$102,376,106
100$200,691,590$0$0$112,672,698