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%18.2%
1 years$135,430$134,223$133,046$131,898$130,776$126,438
2 years$67,044$65,796$64,586$63,412$62,274$57,946
3 years$44,252$42,998$41,791$40,629$39,509$35,326
4 years$32,858$31,608$30,413$29,271$28,178$24,173
5 years$26,024$24,781$23,602$22,483$21,421$17,604
6 years$21,469$20,236$19,074$17,980$16,950$13,324
7 years$18,217$16,994$15,850$14,782$13,784$10,349
8 years$15,779$14,567$13,442$12,400$11,436$8,189
9 years$13,884$12,683$11,578$10,562$9,630$6,568
10 years$12,368$11,180$10,094$9,105$8,206$5,323
11 years$11,129$9,953$8,887$7,924$7,057$4,348
12 years$10,098$8,933$7,887$6,950$6,116$3,575
13 years$9,225$8,073$7,046$6,136$5,333$2,954
14 years$8,478$7,338$6,331$5,447$4,675$2,450
15 years$7,831$6,703$5,716$4,858$4,116$2,040
16 years$7,266$6,150$5,182$4,350$3,638$1,702
17 years$6,767$5,664$4,716$3,908$3,225$1,424
18 years$6,325$5,234$4,305$3,522$2,868$1,193
19 years$5,929$4,851$3,941$3,182$2,556$1,002
20 years$5,574$4,507$3,617$2,882$2,283$842
21 years$5,253$4,199$3,327$2,616$2,043$708
22 years$4,961$3,919$3,066$2,378$1,832$596
23 years$4,695$3,666$2,831$2,166$1,644$502
24 years$4,452$3,434$2,618$1,976$1,478$424
25 years$4,228$3,223$2,425$1,804$1,330$357
26 years$4,022$3,029$2,249$1,650$1,198$302
27 years$3,832$2,851$2,088$1,510$1,080$255
28 years$3,655$2,686$1,941$1,383$974$215
29 years$3,491$2,534$1,807$1,269$880$182
30 years$3,338$2,393$1,683$1,164$795$154
31 years$3,196$2,262$1,569$1,069$719$130
32 years$3,062$2,141$1,464$983$650$110
33 years$2,937$2,027$1,367$904$588$93
34 years$2,819$1,921$1,277$831$533$78
35 years$2,709$1,822$1,194$765$483$66
36 years$2,605$1,730$1,117$705$437$56
37 years$2,506$1,643$1,045$650$396$47
38 years$2,413$1,561$979$599$359$40
39 years$2,325$1,485$917$552$326$34
40 years$2,242$1,412$860$509$295$29
41 years$2,163$1,345$806$470$268$24
42 years$2,088$1,281$756$434$243$21
43 years$2,017$1,220$710$400$221$17
44 years$1,949$1,163$666$370$200$15
45 years$1,884$1,109$625$341$182$12
46 years$1,822$1,058$587$315$165$11
47 years$1,763$1,010$552$291$150$9
48 years$1,707$964$519$269$136$8
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 $6,548 every year, while hoping to spend $54,282 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: 63/7/30 Blend
45$1,640,000$1,640,000$1,640,000$1,640,000
46$1,814,034$1,727,114$1,701,694$1,913,319
47$1,941,310$1,753,987$1,700,945$2,008,437
48$2,079,749$1,780,358$1,698,352$2,105,824
49$2,230,432$1,806,144$1,693,795$2,211,063
50$2,394,548$1,831,257$1,687,150$2,324,937
51$2,573,408$1,855,605$1,678,286$2,448,307
52$2,768,453$1,879,086$1,667,065$2,582,124
53$2,981,267$1,901,593$1,653,344$2,727,436
54$3,213,596$1,923,012$1,636,971$2,885,400
55$3,467,363$1,943,220$1,617,790$3,057,292
56$3,744,683$1,962,086$1,595,634$3,244,522
57$4,047,884$1,979,472$1,570,331$3,448,640
58$4,379,531$1,995,229$1,541,700$3,671,362
59$4,742,447$2,009,198$1,509,551$3,914,577
60$5,139,740$2,021,213$1,473,685$4,180,369
61$5,574,835$2,031,094$1,433,895$4,471,039
62$6,051,501$2,038,650$1,389,963$4,789,121
63$6,573,890$2,043,680$1,341,663$5,137,414
64$7,146,575$2,045,968$1,288,756$5,519,002
65$7,774,591$2,045,286$1,230,995$5,937,289
66$8,463,485$2,041,391$1,168,119$6,396,027
67$9,219,367$2,034,025$1,099,857$6,899,355
68$10,048,965$2,022,916$1,025,926$7,451,837
69$10,959,694$2,007,772$946,028$8,058,507
70$11,959,717$1,988,288$859,854$8,724,914
71$13,058,030$1,964,136$767,081$9,457,179
72$14,264,541$1,934,970$667,370$10,262,052
73$15,590,166$1,900,426$560,369$11,146,975
74$17,046,929$1,860,113$445,708$12,120,154
75$18,648,080$1,813,623$323,003$13,190,637
76$20,408,212$1,760,518$191,852$14,368,401
77$22,343,406$1,700,340$51,835$15,664,445
78$24,471,377$1,632,600$0$17,090,898
79$26,811,642$1,556,782$0$18,692,368
80$29,385,706$1,472,341$0$20,472,097
81$32,217,262$1,378,699$0$22,429,880
82$35,332,414$1,275,247$0$24,583,796
83$38,759,925$1,161,339$0$26,953,765
84$42,531,486$1,036,293$0$29,561,735
85$46,682,015$899,388$0$32,431,897
86$51,249,985$749,863$0$35,590,903
87$56,277,790$586,913$0$39,068,125
88$61,812,141$409,688$0$42,895,928
89$67,904,507$217,291$0$47,109,980
90$74,611,602$8,773$0$51,749,581
91$81,995,917$0$0$56,858,043
92$90,126,310$0$0$62,499,797
93$99,078,659$0$0$68,712,808
94$108,936,570$0$0$75,554,445
95$119,792,172$0$0$83,088,666
96$131,746,984$0$0$91,385,949
97$144,912,871$0$0$100,523,955
98$159,413,101$0$0$110,588,262
99$175,383,507$0$0$121,673,171
100$192,973,767$0$0$133,882,595