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%11.9%
1 years$137,081$135,860$134,669$133,506$132,371$131,316
2 years$67,862$66,598$65,373$64,186$63,034$61,971
3 years$44,792$43,523$42,301$41,124$39,991$38,953
4 years$33,259$31,994$30,784$29,628$28,522$27,516
5 years$26,341$25,083$23,890$22,757$21,682$20,712
6 years$21,731$20,483$19,306$18,199$17,156$16,222
7 years$18,439$17,201$16,044$14,962$13,953$13,056
8 years$15,971$14,745$13,606$12,552$11,575$10,715
9 years$14,053$12,838$11,719$10,691$9,748$8,925
10 years$12,519$11,316$10,217$9,216$8,306$7,519
11 years$11,265$10,074$8,995$8,021$7,143$6,392
12 years$10,221$9,042$7,983$7,035$6,190$5,475
13 years$9,338$8,171$7,132$6,211$5,398$4,717
14 years$8,582$7,427$6,408$5,513$4,732$4,084
15 years$7,927$6,785$5,786$4,917$4,166$3,551
16 years$7,354$6,225$5,246$4,403$3,682$3,098
17 years$6,850$5,733$4,773$3,956$3,265$2,712
18 years$6,402$5,298$4,357$3,565$2,903$2,379
19 years$6,002$4,910$3,989$3,221$2,587$2,093
20 years$5,642$4,562$3,661$2,917$2,311$1,844
21 years$5,317$4,250$3,367$2,648$2,068$1,627
22 years$5,021$3,967$3,104$2,407$1,854$1,438
23 years$4,752$3,710$2,866$2,192$1,664$1,273
24 years$4,506$3,476$2,650$2,000$1,496$1,128
25 years$4,280$3,262$2,455$1,826$1,346$1,000
26 years$4,071$3,066$2,276$1,670$1,212$888
27 years$3,878$2,885$2,114$1,528$1,093$789
28 years$3,700$2,719$1,965$1,400$986$701
29 years$3,534$2,565$1,829$1,284$891$623
30 years$3,379$2,422$1,703$1,179$805$555
31 years$3,235$2,290$1,588$1,082$728$494
32 years$3,099$2,167$1,482$995$658$440
33 years$2,973$2,052$1,383$915$596$392
34 years$2,854$1,945$1,293$842$539$349
35 years$2,742$1,845$1,208$775$488$311
36 years$2,636$1,751$1,131$714$443$278
37 years$2,537$1,663$1,058$657$401$248
38 years$2,443$1,580$991$606$364$221
39 years$2,354$1,503$928$559$330$197
40 years$2,269$1,430$870$515$299$176
41 years$2,189$1,361$816$475$271$157
42 years$2,113$1,296$765$439$246$140
43 years$2,041$1,235$718$405$223$125
44 years$1,972$1,177$674$374$203$112
45 years$1,907$1,123$633$345$184$100
46 years$1,844$1,071$595$319$167$89
47 years$1,785$1,022$559$295$152$80
48 years$1,727$976$525$272$138$71
49 years$1,673$932$493$252$125$64
50 years$1,621$890$464$233$114$57

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 $2,643 every year, while hoping to spend $26,112 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: 81/13/6 Blend
45$1,660,000$1,660,000$1,660,000$1,660,000
46$1,832,046$1,744,066$1,718,336$1,979,465
47$1,991,132$1,801,743$1,748,118$2,133,957
48$2,165,569$1,861,370$1,778,021$2,299,728
49$2,356,897$1,923,016$1,808,024$2,480,860
50$2,566,808$1,986,752$1,838,101$2,678,873
51$2,797,170$2,052,650$1,868,225$2,895,440
52$3,050,038$2,120,787$1,898,367$3,132,407
53$3,327,677$2,191,240$1,928,497$3,391,801
54$3,632,580$2,264,091$1,958,582$3,675,861
55$3,967,497$2,339,425$1,988,588$3,987,047
56$4,335,453$2,417,329$2,018,478$4,328,071
57$4,739,784$2,497,892$2,048,211$4,701,920
58$5,184,163$2,581,210$2,077,748$5,111,884
59$5,672,638$2,667,380$2,107,042$5,561,587
60$6,209,667$2,756,502$2,136,049$6,055,018
61$6,800,164$2,848,682$2,164,717$6,596,574
62$7,449,541$2,944,027$2,192,995$7,191,100
63$8,163,760$3,042,650$2,220,827$7,843,928
64$8,949,393$3,144,669$2,248,153$8,560,937
65$9,813,677$3,250,204$2,274,912$9,348,600
66$10,764,588$3,359,380$2,301,039$10,214,051
67$11,810,915$3,472,329$2,326,462$11,165,146
68$12,962,340$3,589,185$2,351,110$12,210,543
69$14,229,532$3,710,088$2,374,906$13,359,779
70$15,624,246$3,835,184$2,397,767$14,623,363
71$17,159,435$3,964,623$2,419,607$16,012,872
72$18,849,370$4,098,563$2,440,337$17,541,061
73$20,709,779$4,237,166$2,459,862$19,221,984
74$22,757,989$4,380,600$2,478,080$21,071,126
75$25,013,095$4,529,040$2,494,887$23,105,547
76$27,496,136$4,682,668$2,510,171$25,344,047
77$30,230,296$4,841,673$2,523,816$27,807,339
78$33,241,122$5,006,250$2,535,699$30,518,244
79$36,556,762$5,176,603$2,545,691$33,501,910
80$40,208,237$5,352,941$2,553,656$36,786,045
81$44,229,727$5,535,485$2,559,453$40,401,182
82$48,658,897$5,724,461$2,562,933$44,380,963
83$53,537,250$5,920,106$2,563,937$48,762,457
84$58,910,523$6,122,665$2,562,302$53,586,513
85$64,829,113$6,332,392$2,557,856$58,898,140
86$71,348,555$6,549,551$2,550,416$64,746,935
87$78,530,046$6,774,418$2,539,794$71,187,552
88$86,441,024$7,007,277$2,525,790$78,280,210
89$95,155,800$7,248,426$2,508,196$86,091,272
90$104,756,264$7,498,171$2,486,792$94,693,862
91$115,332,654$7,756,832$2,461,351$104,168,557
92$126,984,410$8,024,742$2,431,632$114,604,152
93$139,821,112$8,302,247$2,397,384$126,098,490
94$153,963,513$8,589,704$2,358,343$138,759,391
95$169,544,678$8,887,487$2,314,235$152,705,666
96$186,711,245$9,195,984$2,264,772$168,068,243
97$205,624,802$9,515,596$2,209,651$184,991,393
98$226,463,415$9,846,744$2,148,557$203,634,101
99$249,423,310$10,189,861$2,081,161$224,171,562
100$274,720,724$10,545,401$2,007,117$246,796,833