Can I retire at age 46 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$135,430$134,223$133,046$131,898$130,776$129,035
2 years$67,044$65,796$64,586$63,412$62,274$60,523
3 years$44,252$42,998$41,791$40,629$39,509$37,802
4 years$32,858$31,608$30,413$29,271$28,178$26,529
5 years$26,024$24,781$23,602$22,483$21,421$19,833
6 years$21,469$20,236$19,074$17,980$16,950$15,426
7 years$18,217$16,994$15,850$14,782$13,784$12,325
8 years$15,779$14,567$13,442$12,400$11,436$10,041
9 years$13,884$12,683$11,578$10,562$9,630$8,300
10 years$12,368$11,180$10,094$9,105$8,206$6,938
11 years$11,129$9,953$8,887$7,924$7,057$5,851
12 years$10,098$8,933$7,887$6,950$6,116$4,969
13 years$9,225$8,073$7,046$6,136$5,333$4,246
14 years$8,478$7,338$6,331$5,447$4,675$3,645
15 years$7,831$6,703$5,716$4,858$4,116$3,141
16 years$7,266$6,150$5,182$4,350$3,638$2,716
17 years$6,767$5,664$4,716$3,908$3,225$2,356
18 years$6,325$5,234$4,305$3,522$2,868$2,048
19 years$5,929$4,851$3,941$3,182$2,556$1,784
20 years$5,574$4,507$3,617$2,882$2,283$1,557
21 years$5,253$4,199$3,327$2,616$2,043$1,361
22 years$4,961$3,919$3,066$2,378$1,832$1,191
23 years$4,695$3,666$2,831$2,166$1,644$1,044
24 years$4,452$3,434$2,618$1,976$1,478$916
25 years$4,228$3,223$2,425$1,804$1,330$804
26 years$4,022$3,029$2,249$1,650$1,198$706
27 years$3,832$2,851$2,088$1,510$1,080$621
28 years$3,655$2,686$1,941$1,383$974$546
29 years$3,491$2,534$1,807$1,269$880$481
30 years$3,338$2,393$1,683$1,164$795$423
31 years$3,196$2,262$1,569$1,069$719$373
32 years$3,062$2,141$1,464$983$650$328
33 years$2,937$2,027$1,367$904$588$290
34 years$2,819$1,921$1,277$831$533$255
35 years$2,709$1,822$1,194$765$483$225
36 years$2,605$1,730$1,117$705$437$199
37 years$2,506$1,643$1,045$650$396$175
38 years$2,413$1,561$979$599$359$155
39 years$2,325$1,485$917$552$326$136
40 years$2,242$1,412$860$509$295$120
41 years$2,163$1,345$806$470$268$106
42 years$2,088$1,281$756$434$243$94
43 years$2,017$1,220$710$400$221$83
44 years$1,949$1,163$666$370$200$73
45 years$1,884$1,109$625$341$182$65
46 years$1,822$1,058$587$315$165$57
47 years$1,763$1,010$552$291$150$50
48 years$1,707$964$519$269$136$44
49 years$1,653$920$487$249$124$39
50 years$1,601$879$458$230$112$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,640,000, adding $5,955 every year, while hoping to spend $45,480 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: 38/42/20 Blend
45$1,640,000$1,640,000$1,640,000$1,640,000
46$1,813,423$1,726,503$1,701,083$1,871,259
47$1,950,001$1,762,711$1,709,678$1,949,784
48$2,098,987$1,799,169$1,717,038$2,029,858
49$2,261,596$1,835,841$1,723,072$2,115,460
50$2,439,170$1,872,689$1,727,686$2,207,116
51$2,633,184$1,909,669$1,730,782$2,305,404
52$2,845,262$1,946,735$1,732,255$2,410,963
53$3,077,191$1,983,838$1,731,999$2,524,497
54$3,330,941$2,020,922$1,729,897$2,646,783
55$3,608,680$2,057,930$1,725,832$2,778,679
56$3,912,794$2,094,798$1,719,676$2,921,129
57$4,245,913$2,131,457$1,711,299$3,075,179
58$4,610,932$2,167,834$1,700,563$3,241,980
59$5,011,038$2,203,850$1,687,324$3,422,801
60$5,449,744$2,239,418$1,671,429$3,619,045
61$5,930,917$2,274,448$1,652,721$3,832,258
62$6,458,816$2,308,842$1,631,032$4,064,146
63$7,038,134$2,342,494$1,606,190$4,316,593
64$7,674,038$2,375,290$1,578,012$4,591,675
65$8,372,222$2,407,112$1,546,308$4,891,684
66$9,138,957$2,437,829$1,510,878$5,219,147
67$9,981,151$2,467,303$1,471,512$5,576,855
68$10,906,415$2,495,387$1,427,994$5,967,884
69$11,923,132$2,521,923$1,380,095$6,395,628
70$13,040,538$2,546,744$1,327,575$6,863,831
71$14,268,809$2,569,671$1,270,184$7,376,626
72$15,619,154$2,590,512$1,207,663$7,938,568
73$17,103,926$2,609,065$1,139,737$8,554,683
74$18,736,730$2,625,112$1,066,122$9,230,515
75$20,532,558$2,638,425$986,519$9,972,180
76$22,507,928$2,648,757$900,617$10,786,422
77$24,681,039$2,655,848$808,090$11,680,681
78$27,071,943$2,659,423$708,598$12,663,161
79$29,702,732$2,659,185$601,787$13,742,911
80$32,597,749$2,654,824$487,285$14,929,910
81$35,783,816$2,646,007$364,706$16,235,166
82$39,290,486$2,632,382$233,645$17,670,815
83$43,150,324$2,613,577$93,680$19,250,243
84$47,399,209$2,589,194$0$20,988,209
85$52,076,679$2,558,815$0$22,912,874
86$57,226,297$2,521,994$0$25,052,409
87$62,896,067$2,478,259$0$27,406,694
88$69,138,883$2,427,111$0$29,997,660
89$76,013,030$2,368,021$0$32,849,479
90$83,582,733$2,300,427$0$35,988,798
91$91,918,760$2,223,737$0$39,444,991
92$101,099,096$2,137,322$0$43,250,437
93$111,209,672$2,040,519$0$47,440,827
94$122,345,179$1,932,625$0$52,055,503
95$134,609,959$1,812,895$0$57,137,830
96$148,118,992$1,680,544$0$62,735,612
97$162,998,979$1,534,741$0$68,901,537
98$179,389,538$1,374,606$0$75,693,685
99$197,444,521$1,199,212$0$83,176,071
100$217,333,466$1,007,577$0$91,419,260