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

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$135,430$134,223$133,046$131,898$130,776$129,789
2 years$67,044$65,796$64,586$63,412$62,274$61,279
3 years$44,252$42,998$41,791$40,629$39,509$38,537
4 years$32,858$31,608$30,413$29,271$28,178$27,236
5 years$26,024$24,781$23,602$22,483$21,421$20,511
6 years$21,469$20,236$19,074$17,980$16,950$16,074
7 years$18,217$16,994$15,850$14,782$13,784$12,944
8 years$15,779$14,567$13,442$12,400$11,436$10,629
9 years$13,884$12,683$11,578$10,562$9,630$8,859
10 years$12,368$11,180$10,094$9,105$8,206$7,468
11 years$11,129$9,953$8,887$7,924$7,057$6,353
12 years$10,098$8,933$7,887$6,950$6,116$5,444
13 years$9,225$8,073$7,046$6,136$5,333$4,693
14 years$8,478$7,338$6,331$5,447$4,675$4,066
15 years$7,831$6,703$5,716$4,858$4,116$3,538
16 years$7,266$6,150$5,182$4,350$3,638$3,089
17 years$6,767$5,664$4,716$3,908$3,225$2,706
18 years$6,325$5,234$4,305$3,522$2,868$2,376
19 years$5,929$4,851$3,941$3,182$2,556$2,091
20 years$5,574$4,507$3,617$2,882$2,283$1,844
21 years$5,253$4,199$3,327$2,616$2,043$1,628
22 years$4,961$3,919$3,066$2,378$1,832$1,440
23 years$4,695$3,666$2,831$2,166$1,644$1,276
24 years$4,452$3,434$2,618$1,976$1,478$1,131
25 years$4,228$3,223$2,425$1,804$1,330$1,004
26 years$4,022$3,029$2,249$1,650$1,198$892
27 years$3,832$2,851$2,088$1,510$1,080$793
28 years$3,655$2,686$1,941$1,383$974$705
29 years$3,491$2,534$1,807$1,269$880$628
30 years$3,338$2,393$1,683$1,164$795$559
31 years$3,196$2,262$1,569$1,069$719$498
32 years$3,062$2,141$1,464$983$650$444
33 years$2,937$2,027$1,367$904$588$396
34 years$2,819$1,921$1,277$831$533$353
35 years$2,709$1,822$1,194$765$483$315
36 years$2,605$1,730$1,117$705$437$281
37 years$2,506$1,643$1,045$650$396$251
38 years$2,413$1,561$979$599$359$224
39 years$2,325$1,485$917$552$326$200
40 years$2,242$1,412$860$509$295$179
41 years$2,163$1,345$806$470$268$160
42 years$2,088$1,281$756$434$243$143
43 years$2,017$1,220$710$400$221$128
44 years$1,949$1,163$666$370$200$114
45 years$1,884$1,109$625$341$182$102
46 years$1,822$1,058$587$315$165$91
47 years$1,763$1,010$552$291$150$81
48 years$1,707$964$519$269$136$73
49 years$1,653$920$487$249$124$65
50 years$1,601$879$458$230$112$58

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 $5,320 every year, while hoping to spend $35,684 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: 55/20/25 Blend
45$1,640,000$1,640,000$1,640,000$1,640,000
46$1,812,768$1,725,848$1,700,428$1,899,742
47$1,959,702$1,772,447$1,719,424$2,006,711
48$2,120,429$1,820,133$1,737,862$2,118,985
49$2,296,315$1,868,922$1,755,683$2,240,522
50$2,488,870$1,918,830$1,772,829$2,372,224
51$2,699,752$1,969,870$1,789,236$2,515,085
52$2,930,791$2,022,058$1,804,839$2,670,198
53$3,183,999$2,075,406$1,819,569$2,838,770
54$3,461,593$2,129,928$1,833,351$3,022,126
55$3,766,016$2,185,635$1,846,109$3,221,731
56$4,099,958$2,242,539$1,857,762$3,439,196
57$4,466,380$2,300,650$1,868,223$3,676,297
58$4,868,547$2,359,978$1,877,405$3,934,991
59$5,310,053$2,420,531$1,885,212$4,217,433
60$5,794,857$2,482,315$1,891,545$4,526,001
61$6,327,321$2,545,337$1,896,300$4,863,311
62$6,912,250$2,609,601$1,899,369$5,232,249
63$7,554,938$2,675,110$1,900,636$5,635,995
64$8,261,215$2,741,864$1,899,981$6,078,051
65$9,037,506$2,809,863$1,897,278$6,562,279
66$9,890,889$2,879,103$1,892,394$7,092,935
67$10,829,161$2,949,580$1,885,190$7,674,706
68$11,860,913$3,021,287$1,875,521$8,312,762
69$12,995,610$3,094,214$1,863,235$9,012,798
70$14,243,679$3,168,348$1,848,171$9,781,090
71$15,616,611$3,243,674$1,830,161$10,624,555
72$17,127,065$3,320,173$1,809,031$11,550,818
73$18,788,988$3,397,823$1,784,595$12,568,280
74$20,617,748$3,476,600$1,756,663$13,686,201
75$22,630,279$3,556,474$1,725,031$14,914,785
76$24,845,237$3,637,412$1,689,490$16,265,281
77$27,283,182$3,719,375$1,649,819$17,750,084
78$29,966,764$3,802,322$1,605,785$19,382,854
79$32,920,944$3,886,206$1,557,149$21,178,647
80$36,173,224$3,970,974$1,503,657$23,154,056
81$39,753,908$4,056,567$1,445,045$25,327,370
82$43,696,389$4,142,921$1,381,036$27,718,741
83$48,037,462$4,229,965$1,311,342$30,350,383
84$52,817,671$4,317,621$1,235,660$33,246,775
85$58,081,694$4,405,805$1,153,675$36,434,898
86$63,878,761$4,494,424$1,065,057$39,944,484
87$70,263,120$4,583,376$969,462$43,808,304
88$77,294,548$4,672,551$866,529$48,062,474
89$85,038,917$4,761,831$755,882$52,746,795
90$93,568,811$4,851,086$637,129$57,905,134
91$102,964,216$4,940,175$509,860$63,585,834
92$113,313,272$5,028,949$373,645$69,842,174
93$124,713,102$5,117,244$228,039$76,732,873
94$137,270,734$5,204,884$72,574$84,322,642
95$151,104,106$5,291,681$0$92,682,800
96$166,343,183$5,377,432$0$101,916,839
97$183,131,179$5,461,918$0$112,108,763
98$201,625,912$5,544,904$0$123,334,793
99$222,001,292$5,626,141$0$135,700,283
100$244,448,960$5,705,359$0$149,321,330