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%18.5%
1 years$135,430$134,223$133,046$131,898$130,776$126,287
2 years$67,044$65,796$64,586$63,412$62,274$57,797
3 years$44,252$42,998$41,791$40,629$39,509$35,185
4 years$32,858$31,608$30,413$29,271$28,178$24,040
5 years$26,024$24,781$23,602$22,483$21,421$17,479
6 years$21,469$20,236$19,074$17,980$16,950$13,208
7 years$18,217$16,994$15,850$14,782$13,784$10,242
8 years$15,779$14,567$13,442$12,400$11,436$8,089
9 years$13,884$12,683$11,578$10,562$9,630$6,476
10 years$12,368$11,180$10,094$9,105$8,206$5,238
11 years$11,129$9,953$8,887$7,924$7,057$4,271
12 years$10,098$8,933$7,887$6,950$6,116$3,504
13 years$9,225$8,073$7,046$6,136$5,333$2,890
14 years$8,478$7,338$6,331$5,447$4,675$2,392
15 years$7,831$6,703$5,716$4,858$4,116$1,987
16 years$7,266$6,150$5,182$4,350$3,638$1,655
17 years$6,767$5,664$4,716$3,908$3,225$1,381
18 years$6,325$5,234$4,305$3,522$2,868$1,155
19 years$5,929$4,851$3,941$3,182$2,556$967
20 years$5,574$4,507$3,617$2,882$2,283$811
21 years$5,253$4,199$3,327$2,616$2,043$681
22 years$4,961$3,919$3,066$2,378$1,832$572
23 years$4,695$3,666$2,831$2,166$1,644$481
24 years$4,452$3,434$2,618$1,976$1,478$404
25 years$4,228$3,223$2,425$1,804$1,330$340
26 years$4,022$3,029$2,249$1,650$1,198$287
27 years$3,832$2,851$2,088$1,510$1,080$241
28 years$3,655$2,686$1,941$1,383$974$203
29 years$3,491$2,534$1,807$1,269$880$171
30 years$3,338$2,393$1,683$1,164$795$144
31 years$3,196$2,262$1,569$1,069$719$122
32 years$3,062$2,141$1,464$983$650$103
33 years$2,937$2,027$1,367$904$588$87
34 years$2,819$1,921$1,277$831$533$73
35 years$2,709$1,822$1,194$765$483$62
36 years$2,605$1,730$1,117$705$437$52
37 years$2,506$1,643$1,045$650$396$44
38 years$2,413$1,561$979$599$359$37
39 years$2,325$1,485$917$552$326$31
40 years$2,242$1,412$860$509$295$26
41 years$2,163$1,345$806$470$268$22
42 years$2,088$1,281$756$434$243$19
43 years$2,017$1,220$710$400$221$16
44 years$1,949$1,163$666$370$200$13
45 years$1,884$1,109$625$341$182$11
46 years$1,822$1,058$587$315$165$9
47 years$1,763$1,010$552$291$150$8
48 years$1,707$964$519$269$136$7
49 years$1,653$920$487$249$124$6
50 years$1,601$879$458$230$112$5

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 $6,844 every year, while hoping to spend $29,568 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: 49/31/20 Blend
45$1,640,000$1,640,000$1,640,000$1,640,000
46$1,814,340$1,727,420$1,702,000$1,892,743
47$1,967,942$1,780,603$1,727,556$2,001,031
48$2,136,221$1,835,401$1,752,978$2,115,044
49$2,320,642$1,891,863$1,778,230$2,238,281
50$2,522,820$1,950,036$1,803,273$2,371,623
51$2,744,532$2,009,973$1,828,067$2,516,037
52$2,987,737$2,071,724$1,852,570$2,672,589
53$3,254,592$2,135,344$1,876,737$2,842,452
54$3,547,472$2,200,888$1,900,519$3,026,918
55$3,868,995$2,268,412$1,923,867$3,227,406
56$4,222,043$2,337,975$1,946,727$3,445,482
57$4,609,792$2,409,636$1,969,043$3,682,869
58$5,035,740$2,483,457$1,990,755$3,941,464
59$5,503,741$2,559,502$2,011,801$4,223,354
60$6,018,040$2,637,835$2,032,114$4,530,840
61$6,583,314$2,718,523$2,051,624$4,866,455
62$7,204,716$2,801,635$2,070,257$5,232,989
63$7,887,924$2,887,242$2,087,938$5,633,514
64$8,639,191$2,975,415$2,104,582$6,071,414
65$9,465,408$3,066,230$2,120,106$6,550,416
66$10,374,168$3,159,764$2,134,417$7,074,627
67$11,373,834$3,256,093$2,147,421$7,648,568
68$12,473,624$3,355,301$2,159,019$8,277,224
69$13,683,692$3,457,469$2,169,104$8,966,081
70$15,015,226$3,562,682$2,177,566$9,721,187
71$16,480,554$3,671,028$2,184,290$10,549,203
72$18,093,259$3,782,598$2,189,152$11,457,468
73$19,868,309$3,897,482$2,192,026$12,454,068
74$21,822,194$4,015,776$2,192,776$13,547,909
75$23,973,086$4,137,577$2,191,262$14,748,808
76$26,341,007$4,262,985$2,187,336$16,067,577
77$28,948,020$4,392,102$2,180,842$17,516,133
78$31,818,436$4,525,032$2,171,618$19,107,601
79$34,979,042$4,661,885$2,159,493$20,856,448
80$38,459,356$4,802,769$2,144,288$22,778,612
81$42,291,905$4,947,799$2,125,817$24,891,654
82$46,512,529$5,097,091$2,103,881$27,214,926
83$51,160,723$5,250,764$2,078,277$29,769,749
84$56,280,006$5,408,941$2,048,788$32,579,619
85$61,918,333$5,571,746$2,015,190$35,670,425
86$68,128,550$5,739,308$1,977,245$39,070,696
87$74,968,887$5,911,759$1,934,708$42,811,866
88$82,503,512$6,089,234$1,887,319$46,928,577
89$90,803,134$6,271,870$1,834,808$51,458,999
90$99,945,672$6,459,810$1,776,892$56,445,193
91$110,016,989$6,653,199$1,713,276$61,933,512
92$121,111,700$6,852,184$1,643,650$67,975,029
93$133,334,072$7,056,919$1,567,690$74,626,030
94$146,798,997$7,267,559$1,485,058$81,948,535
95$161,633,089$7,484,262$1,395,401$90,010,891
96$177,975,866$7,707,193$1,298,349$98,888,414
97$195,981,076$7,936,518$1,193,516$108,664,098
98$215,818,146$8,172,408$1,080,499$119,429,403
99$237,673,778$8,415,036$958,876$131,285,114
100$261,753,712$8,664,582$828,207$144,342,295