Can I retire at age 46 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$137,907$136,679$135,480$134,310$133,168$132,384
2 years$68,271$66,999$65,767$64,572$63,413$62,623
3 years$45,062$43,785$42,556$41,372$40,232$39,459
4 years$33,460$32,186$30,970$29,806$28,694$27,944
5 years$26,500$25,235$24,034$22,894$21,813$21,089
6 years$21,862$20,606$19,423$18,309$17,260$16,562
7 years$18,550$17,305$16,140$15,052$14,037$13,366
8 years$16,068$14,833$13,688$12,627$11,645$11,001
9 years$14,138$12,915$11,790$10,756$9,807$9,190
10 years$12,595$11,384$10,279$9,271$8,356$7,766
11 years$11,333$10,135$9,049$8,069$7,186$6,622
12 years$10,282$9,096$8,031$7,077$6,227$5,689
13 years$9,394$8,220$7,175$6,248$5,430$4,917
14 years$8,633$7,472$6,447$5,547$4,760$4,272
15 years$7,975$6,826$5,821$4,947$4,191$3,727
16 years$7,399$6,263$5,277$4,429$3,704$3,263
17 years$6,891$5,768$4,802$3,980$3,284$2,865
18 years$6,441$5,330$4,384$3,586$2,920$2,523
19 years$6,038$4,939$4,013$3,241$2,603$2,227
20 years$5,676$4,590$3,683$2,935$2,325$1,969
21 years$5,349$4,275$3,388$2,664$2,081$1,744
22 years$5,052$3,991$3,122$2,422$1,865$1,548
23 years$4,781$3,733$2,883$2,206$1,674$1,375
24 years$4,533$3,497$2,666$2,012$1,505$1,223
25 years$4,306$3,282$2,469$1,837$1,354$1,089
26 years$4,096$3,084$2,290$1,680$1,220$970
27 years$3,902$2,903$2,127$1,538$1,100$865
28 years$3,722$2,735$1,977$1,409$992$772
29 years$3,555$2,580$1,840$1,292$896$689
30 years$3,399$2,437$1,714$1,186$810$616
31 years$3,254$2,304$1,598$1,089$732$551
32 years$3,118$2,180$1,491$1,001$662$492
33 years$2,991$2,064$1,392$920$599$441
34 years$2,871$1,957$1,300$847$542$394
35 years$2,758$1,856$1,216$779$491$353
36 years$2,652$1,761$1,137$718$445$316
37 years$2,552$1,673$1,065$661$403$283
38 years$2,458$1,590$997$610$366$254
39 years$2,368$1,512$934$562$332$227
40 years$2,283$1,438$875$518$301$204
41 years$2,203$1,369$821$478$273$183
42 years$2,126$1,304$770$441$248$164
43 years$2,053$1,242$723$408$225$147
44 years$1,984$1,184$678$376$204$132
45 years$1,918$1,129$637$347$185$118
46 years$1,855$1,077$598$321$168$106
47 years$1,795$1,028$562$297$153$95
48 years$1,738$981$528$274$139$85
49 years$1,683$937$496$253$126$76
50 years$1,631$895$467$234$114$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,670,000, adding $5,594 every year, while hoping to spend $23,489 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: 66/20/14 Blend
45$1,670,000$1,670,000$1,670,000$1,670,000
46$1,846,110$1,757,600$1,731,715$1,961,547
47$2,009,421$1,818,731$1,764,736$2,100,446
48$2,188,603$1,882,069$1,798,075$2,248,945
49$2,385,249$1,947,699$1,831,719$2,410,673
50$2,601,115$2,015,707$1,865,652$2,586,924
51$2,838,136$2,086,184$1,899,859$2,779,120
52$3,098,442$2,159,222$1,934,320$2,988,828
53$3,384,379$2,234,921$1,969,016$3,217,773
54$3,698,534$2,313,380$2,003,926$3,467,853
55$4,043,754$2,394,706$2,039,028$3,741,160
56$4,423,178$2,479,007$2,074,296$4,039,995
57$4,840,263$2,566,399$2,109,705$4,366,892
58$5,298,817$2,656,999$2,145,227$4,724,643
59$5,803,035$2,750,932$2,180,832$5,116,320
60$6,357,542$2,848,325$2,216,487$5,545,310
61$6,967,431$2,949,312$2,252,158$6,015,338
62$7,638,313$3,054,032$2,287,810$6,530,512
63$8,376,371$3,162,630$2,323,401$7,095,353
64$9,188,418$3,275,256$2,358,893$7,714,841
65$10,081,960$3,392,066$2,394,239$8,394,462
66$11,065,267$3,513,225$2,429,393$9,140,259
67$12,147,453$3,638,902$2,464,306$9,958,889
68$13,338,557$3,769,272$2,498,925$10,857,684
69$14,649,645$3,904,521$2,533,194$11,844,721
70$16,092,906$4,044,840$2,567,053$12,928,899
71$17,681,772$4,190,428$2,600,440$14,120,020
72$19,431,046$4,341,492$2,633,288$15,428,884
73$21,357,037$4,498,249$2,665,527$16,867,387
74$23,477,715$4,660,924$2,697,082$18,448,638
75$25,812,884$4,829,751$2,727,876$20,187,077
76$28,384,364$5,004,974$2,757,826$22,098,615
77$31,216,200$5,186,848$2,786,844$24,200,780
78$34,334,886$5,375,638$2,814,837$26,512,885
79$37,769,620$5,571,620$2,841,710$29,056,209
80$41,552,573$5,775,081$2,867,359$31,854,197
81$45,719,196$5,986,321$2,891,676$34,932,681
82$50,308,555$6,205,651$2,914,548$38,320,124
83$55,363,698$6,433,398$2,935,855$42,047,885
84$60,932,061$6,669,900$2,955,472$46,150,520
85$67,065,916$6,915,511$2,973,266$50,666,102
86$73,822,867$7,170,598$2,989,097$55,636,585
87$81,266,388$7,435,546$3,002,820$61,108,194
88$89,466,426$7,710,754$3,014,281$67,131,865
89$98,500,060$7,996,639$3,023,318$73,763,724
90$108,452,228$8,293,637$3,029,762$81,065,615
91$119,416,531$8,602,201$3,033,434$89,105,684
92$131,496,111$8,922,802$3,034,148$97,959,021
93$144,804,629$9,255,935$3,031,707$107,708,371
94$159,467,338$9,602,112$3,025,906$118,444,909
95$175,622,261$9,961,870$3,016,528$130,269,104
96$193,421,497$10,335,767$3,003,348$143,291,667
97$213,032,657$10,724,388$2,986,127$157,634,592
98$234,640,444$11,128,339$2,964,619$173,432,308
99$258,448,397$11,548,254$2,938,561$190,832,949
100$284,680,812$11,984,797$2,907,680$209,999,750