Can I retire at age 46 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$141,210$139,952$138,725$137,527$136,358$132,685
2 years$69,906$68,604$67,342$66,119$64,932$61,258
3 years$46,141$44,834$43,575$42,363$41,196$37,635
4 years$34,261$32,957$31,711$30,520$29,381$25,962
5 years$27,135$25,839$24,609$23,442$22,335$19,066
6 years$22,385$21,099$19,888$18,747$17,673$14,558
7 years$18,994$17,719$16,527$15,413$14,373$11,411
8 years$16,452$15,189$14,016$12,930$11,924$9,114
9 years$14,476$13,225$12,072$11,013$10,041$7,382
10 years$12,896$11,657$10,525$9,493$8,556$6,043
11 years$11,604$10,377$9,266$8,262$7,358$4,988
12 years$10,529$9,314$8,223$7,247$6,377$4,144
13 years$9,619$8,417$7,347$6,398$5,560$3,461
14 years$8,840$7,651$6,601$5,679$4,874$2,904
15 years$8,166$6,989$5,960$5,065$4,292$2,444
16 years$7,576$6,413$5,404$4,535$3,793$2,064
17 years$7,056$5,906$4,917$4,075$3,363$1,747
18 years$6,595$5,457$4,489$3,672$2,990$1,481
19 years$6,182$5,058$4,109$3,318$2,665$1,258
20 years$5,812$4,700$3,771$3,005$2,381$1,070
21 years$5,477$4,378$3,469$2,727$2,131$912
22 years$5,173$4,086$3,197$2,480$1,910$777
23 years$4,895$3,822$2,952$2,258$1,714$663
24 years$4,642$3,581$2,730$2,060$1,541$566
25 years$4,409$3,361$2,529$1,881$1,386$484
26 years$4,194$3,158$2,345$1,720$1,249$414
27 years$3,995$2,972$2,178$1,574$1,126$354
28 years$3,811$2,801$2,024$1,443$1,016$303
29 years$3,640$2,642$1,884$1,323$917$259
30 years$3,481$2,495$1,755$1,214$829$222
31 years$3,332$2,359$1,636$1,115$749$190
32 years$3,193$2,232$1,526$1,025$678$163
33 years$3,062$2,114$1,425$942$614$140
34 years$2,940$2,003$1,332$867$555$120
35 years$2,825$1,900$1,245$798$503$102
36 years$2,716$1,804$1,165$735$456$88
37 years$2,613$1,713$1,090$677$413$75
38 years$2,516$1,628$1,021$624$375$65
39 years$2,425$1,548$956$576$340$55
40 years$2,338$1,473$896$531$308$47
41 years$2,255$1,402$841$490$280$41
42 years$2,177$1,335$788$452$254$35
43 years$2,103$1,272$740$417$230$30
44 years$2,032$1,213$694$385$209$26
45 years$1,964$1,156$652$356$190$22
46 years$1,900$1,103$612$329$172$19
47 years$1,838$1,053$575$304$156$16
48 years$1,780$1,005$541$281$142$14
49 years$1,723$960$508$259$129$12
50 years$1,670$917$478$240$117$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,710,000, adding $2,939 every year, while hoping to spend $56,749 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: 44/41/15 Blend
45$1,710,000$1,710,000$1,710,000$1,710,000
46$1,887,452$1,796,822$1,770,317$1,962,214
47$2,019,591$1,824,485$1,769,242$2,042,455
48$2,163,307$1,851,603$1,766,229$2,123,469
49$2,319,720$1,878,087$1,761,153$2,210,052
50$2,490,063$1,903,845$1,753,884$2,302,741
51$2,675,694$1,928,778$1,744,283$2,402,131
52$2,878,106$1,952,779$1,732,208$2,508,878
53$3,098,943$1,975,736$1,717,507$2,623,707
54$3,340,015$1,997,526$1,700,023$2,747,419
55$3,603,312$2,018,021$1,679,590$2,880,900
56$3,891,029$2,037,082$1,656,035$3,025,125
57$4,205,578$2,054,564$1,629,176$3,181,174
58$4,549,617$2,070,308$1,598,824$3,350,239
59$4,926,074$2,084,148$1,564,780$3,533,638
60$5,338,169$2,095,907$1,526,836$3,732,823
61$5,789,451$2,105,396$1,484,774$3,949,400
62$6,283,829$2,112,413$1,438,367$4,185,143
63$6,825,604$2,116,746$1,387,377$4,442,010
64$7,419,516$2,118,167$1,331,554$4,722,162
65$8,070,784$2,116,435$1,270,639$5,027,987
66$8,785,158$2,111,295$1,204,360$5,362,119
67$9,568,970$2,102,474$1,132,431$5,727,469
68$10,429,194$2,089,684$1,054,557$6,127,248
69$11,373,512$2,072,619$970,425$6,565,003
70$12,410,388$2,050,955$879,712$7,044,647
71$13,549,144$2,024,348$782,079$7,570,499
72$14,800,050$1,992,434$677,171$8,147,329
73$16,174,417$1,954,826$564,619$8,780,398
74$17,684,710$1,911,115$444,036$9,475,515
75$19,344,659$1,860,868$315,020$10,239,087
76$21,169,391$1,803,626$177,149$11,078,187
77$23,175,569$1,738,905$29,984$12,000,620
78$25,381,555$1,666,189$0$13,014,995
79$27,807,577$1,584,935$0$14,151,152
80$30,475,922$1,494,569$0$15,405,677
81$33,411,145$1,394,483$0$16,785,412
82$36,640,301$1,284,032$0$18,303,197
83$40,193,200$1,162,537$0$19,973,194
84$44,102,686$1,029,281$0$21,811,019
85$48,404,947$883,503$0$23,833,892
86$53,139,858$724,401$0$26,060,802
87$58,351,354$551,127$0$28,512,687
88$64,087,847$362,787$0$31,212,636
89$70,402,679$158,435$0$34,186,105
90$77,354,627$0$0$37,461,165
91$85,008,456$0$0$41,097,155
92$93,435,530$0$0$45,179,440
93$102,714,487$0$0$49,674,665
94$112,931,976$0$0$54,624,841
95$124,183,479$0$0$60,076,260
96$136,574,206$0$0$66,079,935
97$150,220,094$0$0$72,692,075
98$165,248,896$0$0$79,974,620
99$181,801,385$0$0$87,995,827
100$200,032,687$0$0$96,830,905