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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.6%
1 years$133,778$132,586$131,424$130,289$129,181$124,203
2 years$66,227$64,993$63,798$62,639$61,515$56,559
3 years$43,713$42,474$41,282$40,133$39,028$34,249
4 years$32,458$31,223$30,042$28,914$27,835$23,271
5 years$25,707$24,479$23,314$22,209$21,160$16,822
6 years$21,207$19,989$18,841$17,760$16,743$12,635
7 years$17,995$16,787$15,657$14,602$13,616$9,736
8 years$15,586$14,389$13,279$12,249$11,296$7,640
9 years$13,714$12,528$11,437$10,434$9,513$6,075
10 years$12,217$11,043$9,971$8,994$8,106$4,880
11 years$10,994$9,831$8,778$7,827$6,971$3,951
12 years$9,974$8,824$7,790$6,866$6,041$3,218
13 years$9,113$7,974$6,960$6,061$5,268$2,633
14 years$8,375$7,248$6,254$5,381$4,618$2,163
15 years$7,736$6,622$5,646$4,798$4,066$1,783
16 years$7,177$6,075$5,119$4,297$3,593$1,473
17 years$6,685$5,595$4,658$3,860$3,186$1,220
18 years$6,248$5,170$4,252$3,479$2,833$1,011
19 years$5,857$4,791$3,893$3,144$2,525$840
20 years$5,506$4,452$3,573$2,847$2,255$698
21 years$5,189$4,147$3,286$2,584$2,018$581
22 years$4,900$3,871$3,029$2,349$1,809$484
23 years$4,638$3,621$2,797$2,140$1,624$403
24 years$4,397$3,392$2,586$1,951$1,460$336
25 years$4,177$3,184$2,395$1,782$1,314$281
26 years$3,973$2,992$2,222$1,630$1,183$234
27 years$3,785$2,816$2,063$1,492$1,067$195
28 years$3,611$2,653$1,918$1,367$963$163
29 years$3,449$2,503$1,785$1,253$869$136
30 years$3,298$2,364$1,662$1,150$785$114
31 years$3,157$2,235$1,550$1,056$710$95
32 years$3,025$2,115$1,446$971$642$80
33 years$2,901$2,003$1,350$893$581$66
34 years$2,785$1,898$1,261$821$526$56
35 years$2,676$1,800$1,179$756$477$46
36 years$2,573$1,709$1,103$696$432$39
37 years$2,476$1,623$1,033$642$391$32
38 years$2,384$1,542$967$591$355$27
39 years$2,297$1,467$906$545$322$23
40 years$2,215$1,395$849$503$292$19
41 years$2,137$1,328$796$464$265$16
42 years$2,062$1,265$747$428$240$13
43 years$1,992$1,205$701$395$218$11
44 years$1,925$1,149$658$365$198$9
45 years$1,861$1,095$618$337$180$8
46 years$1,800$1,045$580$311$163$6
47 years$1,742$997$545$288$148$5
48 years$1,686$952$512$266$135$5
49 years$1,633$909$481$246$122$4
50 years$1,582$868$453$227$111$3

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 $3,296 every year, while hoping to spend $48,297 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: 67/23/10 Blend
45$1,620,000$1,620,000$1,620,000$1,620,000
46$1,788,640$1,702,780$1,677,670$1,904,559
47$1,919,693$1,734,828$1,682,484$2,014,096
48$2,062,496$1,766,829$1,685,841$2,127,735
49$2,218,194$1,798,727$1,687,641$2,250,714
50$2,388,052$1,830,467$1,687,778$2,383,942
51$2,573,458$1,861,984$1,686,144$2,528,417
52$2,775,944$1,893,214$1,682,622$2,685,243
53$2,997,192$1,924,084$1,677,093$2,855,633
54$3,239,058$1,954,517$1,669,428$3,040,925
55$3,503,584$1,984,430$1,659,495$3,242,592
56$3,793,016$2,013,734$1,647,155$3,462,258
57$4,109,831$2,042,333$1,632,262$3,701,714
58$4,456,753$2,070,127$1,614,662$3,962,931
59$4,836,785$2,097,007$1,594,196$4,248,082
60$5,253,231$2,122,854$1,570,696$4,559,563
61$5,709,733$2,147,546$1,543,986$4,900,014
62$6,210,298$2,170,948$1,513,882$5,272,344
63$6,759,344$2,192,920$1,480,193$5,679,760
64$7,361,734$2,213,310$1,442,716$6,125,795
65$8,022,825$2,231,956$1,401,241$6,614,345
66$8,748,518$2,248,687$1,355,548$7,149,702
67$9,545,314$2,263,320$1,305,406$7,736,599
68$10,420,373$2,275,660$1,250,574$8,380,251
69$11,381,584$2,285,500$1,190,801$9,086,405
70$12,437,636$2,292,620$1,125,823$9,861,398
71$13,598,101$2,296,785$1,055,365$10,712,213
72$14,873,527$2,297,746$979,139$11,646,548
73$16,275,531$2,295,240$896,844$12,672,885
74$17,816,914$2,288,986$808,167$13,800,577
75$19,511,778$2,278,686$712,780$15,039,930
76$21,375,661$2,264,023$610,340$16,402,305
77$23,425,681$2,244,663$500,489$17,900,222
78$25,680,699$2,220,249$382,854$19,547,485
79$28,161,495$2,190,406$257,044$21,359,304
80$30,890,965$2,154,734$122,653$23,352,448
81$33,894,337$2,112,809$0$25,545,395
82$37,199,406$2,064,183$0$27,960,732
83$40,836,799$2,008,382$0$30,632,804
84$44,840,262$1,944,902$0$33,573,305
85$49,246,979$1,873,213$0$36,809,560
86$54,097,922$1,792,751$0$40,371,684
87$59,438,234$1,702,920$0$44,292,866
88$65,317,661$1,603,090$0$48,609,683
89$71,791,017$1,492,596$0$53,362,444
90$78,918,701$1,370,733$0$58,595,574
91$86,767,265$1,236,756$0$64,358,033
92$95,410,047$1,089,878$0$70,703,779
93$104,927,857$929,268$0$77,692,275
94$115,409,743$754,046$0$85,389,057
95$126,953,827$563,284$0$93,866,349
96$139,668,234$356,002$0$103,203,748
97$153,672,113$131,165$0$113,488,974
98$169,096,755$0$0$124,818,703
99$186,086,838$0$0$137,327,904
100$204,801,790$0$0$151,143,777