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%12.2%
1 years$137,081$135,860$134,669$133,506$132,371$131,152
2 years$67,862$66,598$65,373$64,186$63,034$61,806
3 years$44,792$43,523$42,301$41,124$39,991$38,792
4 years$33,259$31,994$30,784$29,628$28,522$27,361
5 years$26,341$25,083$23,890$22,757$21,682$20,563
6 years$21,731$20,483$19,306$18,199$17,156$16,080
7 years$18,439$17,201$16,044$14,962$13,953$12,920
8 years$15,971$14,745$13,606$12,552$11,575$10,585
9 years$14,053$12,838$11,719$10,691$9,748$8,801
10 years$12,519$11,316$10,217$9,216$8,306$7,402
11 years$11,265$10,074$8,995$8,021$7,143$6,281
12 years$10,221$9,042$7,983$7,035$6,190$5,369
13 years$9,338$8,171$7,132$6,211$5,398$4,617
14 years$8,582$7,427$6,408$5,513$4,732$3,989
15 years$7,927$6,785$5,786$4,917$4,166$3,462
16 years$7,354$6,225$5,246$4,403$3,682$3,014
17 years$6,850$5,733$4,773$3,956$3,265$2,633
18 years$6,402$5,298$4,357$3,565$2,903$2,305
19 years$6,002$4,910$3,989$3,221$2,587$2,023
20 years$5,642$4,562$3,661$2,917$2,311$1,778
21 years$5,317$4,250$3,367$2,648$2,068$1,566
22 years$5,021$3,967$3,104$2,407$1,854$1,381
23 years$4,752$3,710$2,866$2,192$1,664$1,220
24 years$4,506$3,476$2,650$2,000$1,496$1,078
25 years$4,280$3,262$2,455$1,826$1,346$954
26 years$4,071$3,066$2,276$1,670$1,212$845
27 years$3,878$2,885$2,114$1,528$1,093$748
28 years$3,700$2,719$1,965$1,400$986$664
29 years$3,534$2,565$1,829$1,284$891$589
30 years$3,379$2,422$1,703$1,179$805$523
31 years$3,235$2,290$1,588$1,082$728$464
32 years$3,099$2,167$1,482$995$658$412
33 years$2,973$2,052$1,383$915$596$367
34 years$2,854$1,945$1,293$842$539$326
35 years$2,742$1,845$1,208$775$488$290
36 years$2,636$1,751$1,131$714$443$258
37 years$2,537$1,663$1,058$657$401$229
38 years$2,443$1,580$991$606$364$204
39 years$2,354$1,503$928$559$330$182
40 years$2,269$1,430$870$515$299$162
41 years$2,189$1,361$816$475$271$144
42 years$2,113$1,296$765$439$246$128
43 years$2,041$1,235$718$405$223$114
44 years$1,972$1,177$674$374$203$102
45 years$1,907$1,123$633$345$184$91
46 years$1,844$1,071$595$319$167$81
47 years$1,785$1,022$559$295$152$72
48 years$1,727$976$525$272$138$64
49 years$1,673$932$493$252$125$57
50 years$1,621$890$464$233$114$51

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 $3,340 every year, while hoping to spend $25,513 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: 38/38/24 Blend
45$1,660,000$1,660,000$1,660,000$1,660,000
46$1,832,765$1,744,785$1,719,055$1,889,164
47$1,992,562$1,803,134$1,749,498$1,988,892
48$2,167,802$1,863,487$1,780,105$2,093,981
49$2,360,035$1,925,915$1,810,856$2,207,051
50$2,570,966$1,990,492$1,841,727$2,328,839
51$2,802,474$2,057,295$1,872,694$2,460,157
52$3,056,627$2,126,404$1,903,730$2,601,895
53$3,335,706$2,197,900$1,934,808$2,755,036
54$3,642,220$2,271,870$1,965,896$2,920,656
55$3,978,936$2,348,401$1,996,964$3,099,942
56$4,348,902$2,427,587$2,027,976$3,294,198
57$4,755,474$2,509,523$2,058,897$3,504,859
58$5,202,350$2,594,307$2,089,688$3,733,503
59$5,693,605$2,682,043$2,120,308$3,981,868
60$6,233,727$2,772,838$2,150,712$4,251,864
61$6,827,662$2,866,801$2,180,856$4,545,597
62$7,480,858$2,964,049$2,210,689$4,865,380
63$8,199,318$3,064,701$2,240,160$5,213,764
64$8,989,657$3,168,880$2,269,214$5,593,552
65$9,859,162$3,276,714$2,297,793$6,007,835
66$10,815,862$3,388,339$2,325,834$6,460,011
67$11,868,604$3,503,892$2,353,274$6,953,826
68$13,027,136$3,623,516$2,380,043$7,493,401
69$14,302,198$3,747,363$2,406,068$8,083,277
70$15,705,624$3,875,586$2,431,273$8,728,450
71$17,250,455$4,008,346$2,455,578$9,434,427
72$18,951,059$4,145,813$2,478,897$10,207,271
73$20,823,267$4,288,158$2,501,141$11,053,657
74$22,884,526$4,435,563$2,522,214$11,980,941
75$25,154,057$4,588,215$2,542,018$12,997,222
76$27,653,043$4,746,310$2,560,448$14,111,421
77$30,404,823$4,910,049$2,577,393$15,333,367
78$33,435,117$5,079,644$2,592,738$16,673,885
79$36,772,265$5,255,312$2,606,360$18,144,899
80$40,447,494$5,437,281$2,618,132$19,759,545
81$44,495,218$5,625,787$2,627,918$21,532,295
82$48,953,355$5,821,075$2,635,578$23,479,091
83$53,863,690$6,023,400$2,640,963$25,617,495
84$59,272,267$6,233,028$2,643,916$27,966,856
85$65,229,826$6,450,234$2,644,275$30,548,491
86$71,792,277$6,675,304$2,641,867$33,385,885
87$79,021,232$6,908,536$2,636,512$36,504,912
88$86,984,583$7,150,240$2,628,021$39,934,081
89$95,757,147$7,400,738$2,616,196$43,704,799
90$105,421,367$7,660,365$2,600,829$47,851,675
91$116,068,092$7,929,469$2,581,702$52,412,836
92$127,797,436$8,208,412$2,558,588$57,430,294
93$140,719,721$8,497,570$2,531,247$62,950,338
94$154,956,517$8,797,336$2,499,429$69,023,973
95$170,641,794$9,108,117$2,462,872$75,707,395
96$187,923,179$9,430,338$2,421,301$83,062,528
97$206,963,358$9,764,439$2,374,429$91,157,602
98$227,941,603$10,110,879$2,321,955$100,067,798
99$251,055,471$10,470,136$2,263,564$109,875,958
100$276,522,663$10,842,707$2,198,928$120,673,362