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 $6,908 every year, while hoping to spend $58,277 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: 51/23/26 Blend
45$1,710,000$1,710,000$1,710,000$1,710,000
46$1,891,546$1,800,916$1,774,411$1,973,882
47$2,022,477$1,827,154$1,771,847$2,058,087
48$2,164,810$1,852,725$1,767,244$2,143,155
49$2,319,647$1,877,535$1,760,473$2,234,487
50$2,488,198$1,901,481$1,751,396$2,332,705
51$2,671,798$1,924,458$1,739,872$2,438,493
52$2,871,915$1,946,349$1,725,751$2,552,609
53$3,090,162$1,967,032$1,708,875$2,675,888
54$3,328,318$1,986,376$1,689,082$2,809,254
55$3,588,339$2,004,241$1,666,199$2,953,727
56$3,872,378$2,020,478$1,640,046$3,110,433
57$4,182,808$2,034,929$1,610,434$3,280,617
58$4,522,238$2,047,424$1,577,168$3,465,651
59$4,893,543$2,057,784$1,540,039$3,667,052
60$5,299,887$2,065,818$1,498,833$3,886,495
61$5,744,755$2,071,323$1,453,324$4,125,830
62$6,231,984$2,074,082$1,403,274$4,387,097
63$6,765,801$2,073,866$1,348,438$4,672,549
64$7,350,859$2,070,432$1,288,557$4,984,675
65$7,992,283$2,063,520$1,223,360$5,326,220
66$8,695,719$2,052,856$1,152,566$5,700,215
67$9,467,385$2,038,148$1,075,880$6,110,005
68$10,314,129$2,019,088$992,992$6,559,282
69$11,243,494$1,995,347$903,581$7,052,120
70$12,263,791$1,966,579$807,311$7,593,016
71$13,384,171$1,932,416$703,830$8,186,930
72$14,614,719$1,892,466$592,771$8,839,337
73$15,966,542$1,846,318$473,750$9,556,278
74$17,451,876$1,793,535$346,367$10,344,416
75$19,084,201$1,733,652$210,205$11,211,104
76$20,878,369$1,666,180$64,826$12,164,454
77$22,850,741$1,590,601$0$13,213,414
78$25,019,342$1,506,367$0$14,392,911
79$27,404,033$1,412,896$0$15,709,598
80$30,026,692$1,309,576$0$17,157,620
81$32,911,427$1,195,757$0$18,750,369
82$36,084,798$1,070,755$0$20,502,605
83$39,576,070$933,845$0$22,430,599
84$43,417,487$784,261$0$24,552,289
85$47,644,574$621,193$0$26,887,443
86$52,296,478$443,789$0$29,457,854
87$57,416,328$251,144$0$32,287,546
88$63,051,650$42,307$0$35,402,995
89$69,254,809$0$0$38,833,388
90$76,083,504$0$0$42,657,397
91$83,601,315$0$0$46,879,310
92$91,878,297$0$0$51,527,791
93$100,991,646$0$0$56,646,221
94$111,026,421$0$0$62,282,403
95$122,076,352$0$0$68,489,011
96$134,244,722$0$0$75,324,087
97$147,645,337$0$0$82,851,591
98$162,403,607$0$0$91,142,000
99$178,657,721$0$0$100,272,977
100$196,559,956$0$0$110,330,100