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

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$137,081$135,860$134,669$133,506$132,371$129,434
2 years$67,862$66,598$65,373$64,186$63,034$60,090
3 years$44,792$43,523$42,301$41,124$39,991$37,133
4 years$33,259$31,994$30,784$29,628$28,522$25,771
5 years$26,341$25,083$23,890$22,757$21,682$19,046
6 years$21,731$20,483$19,306$18,199$17,156$14,638
7 years$18,439$17,201$16,044$14,962$13,953$11,552
8 years$15,971$14,745$13,606$12,552$11,575$9,292
9 years$14,053$12,838$11,719$10,691$9,748$7,580
10 years$12,519$11,316$10,217$9,216$8,306$6,251
11 years$11,265$10,074$8,995$8,021$7,143$5,200
12 years$10,221$9,042$7,983$7,035$6,190$4,354
13 years$9,338$8,171$7,132$6,211$5,398$3,666
14 years$8,582$7,427$6,408$5,513$4,732$3,101
15 years$7,927$6,785$5,786$4,917$4,166$2,632
16 years$7,354$6,225$5,246$4,403$3,682$2,242
17 years$6,850$5,733$4,773$3,956$3,265$1,914
18 years$6,402$5,298$4,357$3,565$2,903$1,637
19 years$6,002$4,910$3,989$3,221$2,587$1,403
20 years$5,642$4,562$3,661$2,917$2,311$1,205
21 years$5,317$4,250$3,367$2,648$2,068$1,036
22 years$5,021$3,967$3,104$2,407$1,854$891
23 years$4,752$3,710$2,866$2,192$1,664$768
24 years$4,506$3,476$2,650$2,000$1,496$662
25 years$4,280$3,262$2,455$1,826$1,346$571
26 years$4,071$3,066$2,276$1,670$1,212$493
27 years$3,878$2,885$2,114$1,528$1,093$426
28 years$3,700$2,719$1,965$1,400$986$368
29 years$3,534$2,565$1,829$1,284$891$318
30 years$3,379$2,422$1,703$1,179$805$275
31 years$3,235$2,290$1,588$1,082$728$238
32 years$3,099$2,167$1,482$995$658$206
33 years$2,973$2,052$1,383$915$596$178
34 years$2,854$1,945$1,293$842$539$154
35 years$2,742$1,845$1,208$775$488$133
36 years$2,636$1,751$1,131$714$443$116
37 years$2,537$1,663$1,058$657$401$100
38 years$2,443$1,580$991$606$364$87
39 years$2,354$1,503$928$559$330$75
40 years$2,269$1,430$870$515$299$65
41 years$2,189$1,361$816$475$271$56
42 years$2,113$1,296$765$439$246$49
43 years$2,041$1,235$718$405$223$42
44 years$1,972$1,177$674$374$203$37
45 years$1,907$1,123$633$345$184$32
46 years$1,844$1,071$595$319$167$27
47 years$1,785$1,022$559$295$152$24
48 years$1,727$976$525$272$138$21
49 years$1,673$932$493$252$125$18
50 years$1,621$890$464$233$114$15

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 $5,189 every year, while hoping to spend $48,452 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: 55/33/12 Blend
45$1,660,000$1,660,000$1,660,000$1,660,000
46$1,834,672$1,746,692$1,720,962$1,929,673
47$1,970,256$1,780,728$1,727,062$2,028,730
48$2,118,046$1,814,807$1,731,742$2,130,807
49$2,279,235$1,848,881$1,734,904$2,240,819
50$2,455,138$1,882,897$1,736,444$2,359,532
51$2,647,201$1,916,797$1,736,253$2,487,789
52$2,857,015$1,950,520$1,734,218$2,626,519
53$3,086,334$1,984,000$1,730,218$2,776,747
54$3,337,088$2,017,163$1,724,128$2,939,603
55$3,611,401$2,049,934$1,715,816$3,116,332
56$3,911,613$2,082,230$1,705,145$3,308,305
57$4,240,299$2,113,961$1,691,969$3,517,037
58$4,600,298$2,145,033$1,676,138$3,744,193
59$4,994,732$2,175,343$1,657,492$3,991,614
60$5,427,042$2,204,782$1,635,866$4,261,326
61$5,901,017$2,233,234$1,611,084$4,555,563
62$6,420,831$2,260,573$1,582,966$4,876,790
63$6,991,080$2,286,665$1,551,320$5,227,723
64$7,616,828$2,311,369$1,515,946$5,611,357
65$8,303,650$2,334,532$1,476,636$6,030,993
66$9,057,690$2,355,992$1,433,171$6,490,272
67$9,885,715$2,375,576$1,385,323$6,993,206
68$10,795,179$2,393,101$1,332,853$7,544,222
69$11,794,294$2,408,369$1,275,510$8,148,196
70$12,892,105$2,421,172$1,213,033$8,810,509
71$14,098,580$2,431,289$1,145,149$9,537,089
72$15,424,696$2,438,484$1,071,572$10,334,474
73$16,882,550$2,442,504$992,005$11,209,873
74$18,485,468$2,443,085$906,135$12,171,230
75$20,248,132$2,439,942$813,637$13,227,307
76$22,186,718$2,432,776$714,170$14,387,763
77$24,319,047$2,421,266$607,379$15,663,244
78$26,664,757$2,405,075$492,893$17,065,489
79$29,245,482$2,383,844$370,325$18,607,440
80$32,085,060$2,357,191$239,269$20,303,362
81$35,209,756$2,324,713$99,305$22,168,984
82$38,648,509$2,285,982$0$24,221,642
83$42,433,207$2,240,545$0$26,486,861
84$46,598,984$2,187,922$0$28,993,286
85$51,184,555$2,127,605$0$31,751,476
86$56,232,577$2,059,055$0$34,787,100
87$61,790,054$1,981,702$0$38,128,450
88$67,908,779$1,894,945$0$41,806,709
89$74,645,822$1,798,145$0$45,856,245
90$82,064,070$1,690,628$0$50,314,940
91$90,232,817$1,571,681$0$55,224,547
92$99,228,419$1,440,548$0$60,631,085
93$109,135,017$1,296,433$0$66,585,272
94$120,045,324$1,138,494$0$73,143,013
95$132,061,506$965,840$0$80,365,920
96$145,296,143$777,530$0$88,321,903
97$159,873,291$572,569$0$97,085,807
98$175,929,651$349,910$0$106,740,123
99$193,615,863$108,443$0$117,375,770
100$213,097,921$0$0$129,092,953