Can I retire at age 46 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$142,036$140,771$139,536$138,332$137,155$132,924
2 years$70,315$69,005$67,736$66,506$65,312$61,087
3 years$46,411$45,096$43,830$42,611$41,437$37,349
4 years$34,461$33,150$31,897$30,699$29,553$25,635
5 years$27,293$25,990$24,753$23,580$22,466$18,727
6 years$22,516$21,223$20,004$18,857$17,776$14,221
7 years$19,106$17,823$16,624$15,503$14,457$11,084
8 years$16,549$15,278$14,098$13,005$11,993$8,801
9 years$14,561$13,302$12,143$11,078$10,100$7,085
10 years$12,972$11,725$10,586$9,549$8,606$5,764
11 years$11,672$10,438$9,320$8,310$7,401$4,727
12 years$10,590$9,369$8,271$7,289$6,414$3,901
13 years$9,675$8,466$7,390$6,435$5,593$3,237
14 years$8,892$7,696$6,640$5,713$4,903$2,696
15 years$8,213$7,030$5,995$5,095$4,317$2,254
16 years$7,620$6,450$5,435$4,562$3,815$1,889
17 years$7,098$5,940$4,946$4,099$3,383$1,587
18 years$6,633$5,489$4,515$3,694$3,008$1,336
19 years$6,219$5,087$4,133$3,338$2,681$1,127
20 years$5,846$4,727$3,793$3,023$2,395$951
21 years$5,509$4,403$3,489$2,743$2,143$804
22 years$5,203$4,110$3,216$2,494$1,921$680
23 years$4,924$3,844$2,969$2,272$1,724$576
24 years$4,669$3,602$2,746$2,072$1,550$488
25 years$4,434$3,380$2,543$1,892$1,395$414
26 years$4,218$3,177$2,359$1,730$1,256$351
27 years$4,019$2,990$2,190$1,584$1,133$298
28 years$3,834$2,817$2,036$1,451$1,022$253
29 years$3,661$2,658$1,895$1,331$923$214
30 years$3,501$2,510$1,765$1,221$834$182
31 years$3,352$2,373$1,645$1,121$754$155
32 years$3,212$2,245$1,535$1,031$682$131
33 years$3,080$2,126$1,433$948$617$112
34 years$2,957$2,015$1,339$872$559$95
35 years$2,841$1,911$1,252$803$506$81
36 years$2,732$1,814$1,171$739$459$69
37 years$2,629$1,723$1,096$681$416$58
38 years$2,531$1,637$1,027$628$377$49
39 years$2,439$1,557$962$579$342$42
40 years$2,352$1,481$902$534$310$36
41 years$2,269$1,410$845$493$281$30
42 years$2,190$1,343$793$455$255$26
43 years$2,115$1,280$744$420$232$22
44 years$2,044$1,220$699$388$210$19
45 years$1,976$1,163$656$358$191$16
46 years$1,911$1,110$616$331$173$14
47 years$1,849$1,059$579$305$157$11
48 years$1,790$1,011$544$282$143$10
49 years$1,733$965$511$261$130$8
50 years$1,679$922$481$241$118$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,720,000, adding $4,767 every year, while hoping to spend $38,207 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: 31/48/21 Blend
45$1,720,000$1,720,000$1,720,000$1,720,000
46$1,900,357$1,809,197$1,782,537$1,946,734
47$2,053,542$1,857,196$1,801,600$2,030,204
48$2,221,070$1,906,266$1,820,021$2,116,221
49$2,404,366$1,956,420$1,837,739$2,208,019
50$2,604,996$2,007,668$1,854,687$2,306,126
51$2,824,684$2,060,023$1,870,798$2,411,121
52$3,065,331$2,113,493$1,885,999$2,523,644
53$3,329,028$2,168,088$1,900,213$2,644,396
54$3,618,081$2,223,816$1,913,362$2,774,151
55$3,935,025$2,280,683$1,925,360$2,913,763
56$4,282,657$2,338,696$1,936,118$3,064,168
57$4,664,054$2,397,858$1,945,545$3,226,402
58$5,082,608$2,458,173$1,953,541$3,401,602
59$5,542,053$2,519,643$1,960,003$3,591,023
60$6,046,503$2,582,266$1,964,824$3,796,047
61$6,600,491$2,646,042$1,967,891$4,018,198
62$7,209,009$2,710,966$1,969,083$4,259,152
63$7,877,557$2,777,032$1,968,276$4,520,758
64$8,612,193$2,844,232$1,965,339$4,805,055
65$9,419,593$2,912,555$1,960,134$5,114,286
66$10,307,110$2,981,989$1,952,516$5,450,926
67$11,282,845$3,052,516$1,942,335$5,817,703
68$12,355,723$3,124,118$1,929,432$6,217,620
69$13,535,580$3,196,772$1,913,641$6,653,991
70$14,833,248$3,270,453$1,894,787$7,130,466
71$16,260,665$3,345,131$1,872,688$7,651,068
72$17,830,983$3,420,772$1,847,153$8,220,233
73$19,558,693$3,497,340$1,817,982$8,842,848
74$21,459,761$3,574,791$1,784,966$9,524,302
75$23,551,780$3,653,079$1,747,886$10,270,533
76$25,854,133$3,732,152$1,706,511$11,088,088
77$28,388,179$3,811,951$1,660,603$11,984,181
78$31,177,450$3,892,413$1,609,911$12,966,766
79$34,247,877$3,973,469$1,554,170$14,044,609
80$37,628,034$4,055,042$1,493,108$15,227,374
81$41,349,403$4,137,049$1,426,437$16,525,712
82$45,446,676$4,219,398$1,353,856$17,951,363
83$49,958,079$4,301,991$1,275,053$19,517,268
84$54,925,734$4,384,720$1,189,698$21,237,692
85$60,396,056$4,467,468$1,097,450$23,128,359
86$66,420,190$4,550,110$997,951$25,206,599
87$73,054,493$4,632,509$890,826$27,491,516
88$80,361,067$4,714,518$775,684$30,004,167
89$88,408,345$4,795,978$652,119$32,767,761
90$97,271,734$4,876,719$519,703$35,807,881
91$107,034,330$4,956,558$377,992$39,152,725
92$117,787,699$5,035,296$226,521$42,833,374
93$129,632,740$5,112,722$64,806$46,884,086
94$142,680,643$5,188,608$0$51,342,622
95$157,053,931$5,262,712$0$56,274,749
96$172,887,620$5,334,773$0$61,719,259
97$190,330,492$5,404,512$0$67,712,301
98$209,546,500$5,471,631$0$74,309,735
99$230,716,313$5,535,810$0$81,573,117
100$254,039,023$5,596,711$0$89,570,292