Can I retire at age 46 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$137,081$135,860$134,669$133,506$132,371$129,857
2 years$67,862$66,598$65,373$64,186$63,034$60,511
3 years$44,792$43,523$42,301$41,124$39,991$37,538
4 years$33,259$31,994$30,784$29,628$28,522$26,158
5 years$26,341$25,083$23,890$22,757$21,682$19,413
6 years$21,731$20,483$19,306$18,199$17,156$14,985
7 years$18,439$17,201$16,044$14,962$13,953$11,880
8 years$15,971$14,745$13,606$12,552$11,575$9,600
9 years$14,053$12,838$11,719$10,691$9,748$7,869
10 years$12,519$11,316$10,217$9,216$8,306$6,522
11 years$11,265$10,074$8,995$8,021$7,143$5,452
12 years$10,221$9,042$7,983$7,035$6,190$4,589
13 years$9,338$8,171$7,132$6,211$5,398$3,885
14 years$8,582$7,427$6,408$5,513$4,732$3,304
15 years$7,927$6,785$5,786$4,917$4,166$2,820
16 years$7,354$6,225$5,246$4,403$3,682$2,415
17 years$6,850$5,733$4,773$3,956$3,265$2,074
18 years$6,402$5,298$4,357$3,565$2,903$1,785
19 years$6,002$4,910$3,989$3,221$2,587$1,539
20 years$5,642$4,562$3,661$2,917$2,311$1,329
21 years$5,317$4,250$3,367$2,648$2,068$1,149
22 years$5,021$3,967$3,104$2,407$1,854$995
23 years$4,752$3,710$2,866$2,192$1,664$863
24 years$4,506$3,476$2,650$2,000$1,496$749
25 years$4,280$3,262$2,455$1,826$1,346$650
26 years$4,071$3,066$2,276$1,670$1,212$565
27 years$3,878$2,885$2,114$1,528$1,093$491
28 years$3,700$2,719$1,965$1,400$986$427
29 years$3,534$2,565$1,829$1,284$891$371
30 years$3,379$2,422$1,703$1,179$805$323
31 years$3,235$2,290$1,588$1,082$728$282
32 years$3,099$2,167$1,482$995$658$245
33 years$2,973$2,052$1,383$915$596$214
34 years$2,854$1,945$1,293$842$539$186
35 years$2,742$1,845$1,208$775$488$162
36 years$2,636$1,751$1,131$714$443$141
37 years$2,537$1,663$1,058$657$401$123
38 years$2,443$1,580$991$606$364$107
39 years$2,354$1,503$928$559$330$94
40 years$2,269$1,430$870$515$299$82
41 years$2,189$1,361$816$475$271$71
42 years$2,113$1,296$765$439$246$62
43 years$2,041$1,235$718$405$223$54
44 years$1,972$1,177$674$374$203$47
45 years$1,907$1,123$633$345$184$41
46 years$1,844$1,071$595$319$167$36
47 years$1,785$1,022$559$295$152$31
48 years$1,727$976$525$272$138$27
49 years$1,673$932$493$252$125$24
50 years$1,621$890$464$233$114$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,660,000, adding $3,667 every year, while hoping to spend $41,933 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: 81/11/8 Blend
45$1,660,000$1,660,000$1,660,000$1,660,000
46$1,833,103$1,745,123$1,719,393$1,979,450
47$1,975,463$1,786,017$1,732,376$2,116,705
48$2,130,938$1,827,510$1,744,389$2,261,394
49$2,300,822$1,869,587$1,755,354$2,418,929
50$2,486,539$1,912,230$1,765,192$2,590,574
51$2,689,657$1,955,420$1,773,816$2,777,717
52$2,911,902$1,999,135$1,781,139$2,981,891
53$3,155,174$2,043,351$1,787,065$3,204,782
54$3,421,567$2,088,041$1,791,498$3,448,247
55$3,713,387$2,133,174$1,794,332$3,714,331
56$4,033,170$2,178,718$1,795,461$4,005,289
57$4,383,714$2,224,635$1,794,769$4,323,601
58$4,768,097$2,270,886$1,792,138$4,672,002
59$5,189,710$2,317,427$1,787,441$5,053,503
60$5,652,288$2,364,209$1,780,549$5,471,423
61$6,159,946$2,411,180$1,771,322$5,929,416
62$6,717,216$2,458,283$1,759,616$6,431,511
63$7,329,089$2,505,456$1,745,280$6,982,142
64$8,001,065$2,552,632$1,728,156$7,586,198
65$8,739,201$2,599,739$1,708,077$8,249,065
66$9,550,171$2,646,697$1,684,869$8,976,675
67$10,441,327$2,693,423$1,658,350$9,775,568
68$11,420,767$2,739,826$1,628,330$10,652,945
69$12,497,414$2,785,807$1,594,608$11,616,744
70$13,681,099$2,831,260$1,556,976$12,675,710
71$14,982,652$2,876,072$1,515,215$13,839,480
72$16,414,004$2,920,121$1,469,097$15,118,672
73$17,988,303$2,963,278$1,418,382$16,524,986
74$19,720,032$3,005,401$1,362,820$18,071,315
75$21,625,151$3,046,341$1,302,150$19,771,864
76$23,721,243$3,085,938$1,236,099$21,642,289
77$26,027,682$3,124,021$1,164,380$23,699,840
78$28,565,813$3,160,406$1,086,694$25,963,526
79$31,359,158$3,194,898$1,002,731$28,454,293
80$34,433,633$3,227,289$912,163$31,195,224
81$37,817,794$3,257,356$814,650$34,211,755
82$41,543,104$3,284,862$709,837$37,531,916
83$45,644,235$3,309,554$597,350$41,186,593
84$50,159,389$3,331,164$476,804$45,209,826
85$55,130,661$3,349,406$347,791$49,639,122
86$60,604,435$3,363,974$209,889$54,515,817
87$66,631,824$3,374,545$62,657$59,885,458
88$73,269,147$3,380,774$0$65,798,242
89$80,578,465$3,382,297$0$72,317,547
90$88,628,163$3,378,724$0$79,502,498
91$97,493,597$3,369,643$0$87,414,956
92$107,257,804$3,354,615$0$96,128,993
93$118,012,285$3,333,177$0$105,726,230
94$129,857,871$3,304,835$0$116,296,613
95$142,905,669$3,269,067$0$127,939,259
96$157,278,114$3,225,319$0$140,763,394
97$173,110,126$3,173,003$0$154,889,378
98$190,550,376$3,111,497$0$170,449,850
99$209,762,696$3,040,143$0$187,590,973
100$230,927,623$2,958,242$0$206,473,816