Can I retire at age 46 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$134,604$133,405$132,235$131,093$129,978$128,997
2 years$66,636$65,395$64,192$63,026$61,895$60,905
3 years$43,982$42,736$41,536$40,381$39,268$38,302
4 years$32,658$31,416$30,228$29,092$28,007$27,070
5 years$25,865$24,630$23,458$22,346$21,290$20,386
6 years$21,338$20,112$18,958$17,870$16,846$15,976
7 years$18,106$16,890$15,754$14,692$13,700$12,865
8 years$15,683$14,478$13,361$12,325$11,366$10,565
9 years$13,799$12,606$11,507$10,498$9,572$8,805
10 years$12,293$11,111$10,032$9,049$8,156$7,422
11 years$11,061$9,892$8,832$7,876$7,014$6,314
12 years$10,036$8,878$7,839$6,908$6,078$5,411
13 years$9,169$8,023$7,003$6,099$5,300$4,665
14 years$8,426$7,293$6,292$5,414$4,646$4,041
15 years$7,784$6,662$5,681$4,828$4,091$3,516
16 years$7,222$6,113$5,151$4,323$3,616$3,070
17 years$6,726$5,629$4,687$3,884$3,206$2,689
18 years$6,286$5,202$4,279$3,500$2,850$2,361
19 years$5,893$4,821$3,917$3,163$2,541$2,078
20 years$5,540$4,480$3,595$2,865$2,269$1,832
21 years$5,221$4,173$3,306$2,600$2,031$1,618
22 years$4,931$3,895$3,047$2,364$1,820$1,431
23 years$4,666$3,643$2,814$2,153$1,634$1,268
24 years$4,425$3,413$2,602$1,964$1,469$1,124
25 years$4,202$3,203$2,410$1,793$1,322$998
26 years$3,998$3,011$2,235$1,640$1,190$886
27 years$3,808$2,833$2,076$1,501$1,073$788
28 years$3,633$2,670$1,930$1,375$968$701
29 years$3,470$2,519$1,796$1,261$875$624
30 years$3,318$2,379$1,673$1,157$790$556
31 years$3,176$2,249$1,559$1,063$714$495
32 years$3,043$2,128$1,455$977$646$441
33 years$2,919$2,015$1,358$898$585$394
34 years$2,802$1,910$1,269$826$529$351
35 years$2,692$1,811$1,187$761$480$313
36 years$2,589$1,719$1,110$701$435$280
37 years$2,491$1,633$1,039$646$394$250
38 years$2,399$1,552$973$595$357$223
39 years$2,311$1,476$912$549$324$199
40 years$2,228$1,404$854$506$294$178
41 years$2,150$1,336$801$467$266$159
42 years$2,075$1,273$752$431$242$142
43 years$2,004$1,213$705$398$219$127
44 years$1,937$1,156$662$367$199$113
45 years$1,872$1,102$622$339$181$101
46 years$1,811$1,052$584$313$164$91
47 years$1,752$1,003$548$289$149$81
48 years$1,696$958$515$267$135$72
49 years$1,643$915$484$247$123$65
50 years$1,591$874$455$228$112$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,630,000, adding $2,222 every year, while hoping to spend $40,737 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: 72/12/16 Blend
45$1,630,000$1,630,000$1,630,000$1,630,000
46$1,798,552$1,712,162$1,686,897$1,921,321
47$1,938,660$1,752,714$1,700,064$2,043,635
48$2,091,695$1,793,888$1,712,307$2,172,382
49$2,258,930$1,835,671$1,723,552$2,312,311
50$2,441,771$1,878,049$1,733,721$2,464,523
51$2,641,762$1,921,004$1,742,732$2,630,229
52$2,860,608$1,964,519$1,750,499$2,810,763
53$3,100,181$2,008,572$1,756,932$3,007,594
54$3,362,546$2,053,139$1,761,936$3,222,342
55$3,649,977$2,098,193$1,765,411$3,456,790
56$3,964,975$2,143,705$1,767,253$3,712,904
57$4,310,298$2,189,642$1,767,351$3,992,849
58$4,688,982$2,235,968$1,765,591$4,299,010
59$5,104,371$2,282,644$1,761,852$4,634,017
60$5,560,150$2,329,626$1,756,007$5,000,765
61$6,060,374$2,376,867$1,747,922$5,402,446
62$6,609,514$2,424,314$1,737,459$5,842,576
63$7,212,491$2,471,913$1,724,471$6,325,031
64$7,874,730$2,519,602$1,708,805$6,854,080
65$8,602,204$2,567,314$1,690,302$7,434,429
66$9,401,495$2,614,978$1,668,793$8,071,263
67$10,279,851$2,662,516$1,644,101$8,770,296
68$11,245,262$2,709,845$1,616,044$9,537,825
69$12,306,525$2,756,874$1,584,429$10,380,787
70$13,473,336$2,803,506$1,549,052$11,306,831
71$14,756,376$2,849,637$1,509,705$12,324,382
72$16,167,411$2,895,154$1,466,165$13,442,727
73$17,719,408$2,939,937$1,418,202$14,672,101
74$19,426,650$2,983,857$1,365,574$16,023,780
75$21,304,876$3,026,774$1,308,029$17,510,194
76$23,371,428$3,068,540$1,245,303$19,145,039
77$25,645,412$3,108,997$1,177,119$20,943,411
78$28,147,880$3,147,974$1,103,188$22,921,944
79$30,902,029$3,185,291$1,023,211$25,098,971
80$33,933,418$3,220,752$936,870$27,494,694
81$37,270,209$3,254,151$843,838$30,131,380
82$40,943,434$3,285,268$743,770$33,033,565
83$44,987,285$3,313,867$636,307$36,228,291
84$49,439,439$3,339,697$521,074$39,745,357
85$54,341,411$3,362,492$397,680$43,617,607
86$59,738,948$3,381,967$265,715$47,881,234
87$65,682,457$3,397,819$124,752$52,576,126
88$72,227,483$3,409,728$0$57,746,239
89$79,435,232$3,417,350$0$63,444,402
90$87,373,149$3,420,324$0$69,742,632
91$96,115,553$3,418,262$0$76,678,527
92$105,744,337$3,410,755$0$84,317,014
93$116,349,745$3,397,367$0$92,729,639
94$128,031,218$3,377,638$0$101,995,244
95$140,898,337$3,351,076$0$112,200,714
96$155,071,851$3,317,162$0$123,441,790
97$170,684,823$3,275,346$0$135,823,979
98$187,883,881$3,225,044$0$149,463,548
99$206,830,602$3,165,637$0$164,488,621
100$227,703,041$3,096,470$0$181,040,389