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%13.4%
1 years$142,036$140,771$139,536$138,332$137,155$135,217
2 years$70,315$69,005$67,736$66,506$65,312$63,363
3 years$46,411$45,096$43,830$42,611$41,437$39,538
4 years$34,461$33,150$31,897$30,699$29,553$27,719
5 years$27,293$25,990$24,753$23,580$22,466$20,701
6 years$22,516$21,223$20,004$18,857$17,776$16,084
7 years$19,106$17,823$16,624$15,503$14,457$12,837
8 years$16,549$15,278$14,098$13,005$11,993$10,445
9 years$14,561$13,302$12,143$11,078$10,100$8,624
10 years$12,972$11,725$10,586$9,549$8,606$7,200
11 years$11,672$10,438$9,320$8,310$7,401$6,064
12 years$10,590$9,369$8,271$7,289$6,414$5,144
13 years$9,675$8,466$7,390$6,435$5,593$4,389
14 years$8,892$7,696$6,640$5,713$4,903$3,763
15 years$8,213$7,030$5,995$5,095$4,317$3,239
16 years$7,620$6,450$5,435$4,562$3,815$2,797
17 years$7,098$5,940$4,946$4,099$3,383$2,422
18 years$6,633$5,489$4,515$3,694$3,008$2,103
19 years$6,219$5,087$4,133$3,338$2,681$1,829
20 years$5,846$4,727$3,793$3,023$2,395$1,594
21 years$5,509$4,403$3,489$2,743$2,143$1,391
22 years$5,203$4,110$3,216$2,494$1,921$1,216
23 years$4,924$3,844$2,969$2,272$1,724$1,064
24 years$4,669$3,602$2,746$2,072$1,550$932
25 years$4,434$3,380$2,543$1,892$1,395$816
26 years$4,218$3,177$2,359$1,730$1,256$716
27 years$4,019$2,990$2,190$1,584$1,133$629
28 years$3,834$2,817$2,036$1,451$1,022$552
29 years$3,661$2,658$1,895$1,331$923$485
30 years$3,501$2,510$1,765$1,221$834$426
31 years$3,352$2,373$1,645$1,121$754$375
32 years$3,212$2,245$1,535$1,031$682$330
33 years$3,080$2,126$1,433$948$617$290
34 years$2,957$2,015$1,339$872$559$255
35 years$2,841$1,911$1,252$803$506$225
36 years$2,732$1,814$1,171$739$459$198
37 years$2,629$1,723$1,096$681$416$174
38 years$2,531$1,637$1,027$628$377$154
39 years$2,439$1,557$962$579$342$135
40 years$2,352$1,481$902$534$310$119
41 years$2,269$1,410$845$493$281$105
42 years$2,190$1,343$793$455$255$93
43 years$2,115$1,280$744$420$232$82
44 years$2,044$1,220$699$388$210$72
45 years$1,976$1,163$656$358$191$63
46 years$1,911$1,110$616$331$173$56
47 years$1,849$1,059$579$305$157$49
48 years$1,790$1,011$544$282$143$43
49 years$1,733$965$511$261$130$38
50 years$1,679$922$481$241$118$34

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 $5,471 every year, while hoping to spend $29,205 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: 71/6/23 Blend
45$1,720,000$1,720,000$1,720,000$1,720,000
46$1,901,083$1,809,923$1,783,263$2,024,784
47$2,063,920$1,867,536$1,811,929$2,165,681
48$2,242,387$1,926,992$1,840,576$2,315,950
49$2,438,048$1,988,352$1,869,173$2,479,783
50$2,652,625$2,051,678$1,897,686$2,658,522
51$2,888,015$2,117,032$1,926,080$2,853,648
52$3,146,306$2,184,480$1,954,318$3,066,789
53$3,429,800$2,254,091$1,982,358$3,299,742
54$3,741,031$2,325,933$2,010,159$3,554,484
55$4,082,792$2,400,079$2,037,675$3,833,193
56$4,458,158$2,476,604$2,064,858$4,138,269
57$4,870,517$2,555,585$2,091,658$4,472,356
58$5,323,603$2,637,101$2,118,021$4,838,367
59$5,821,526$2,721,234$2,143,890$5,239,511
60$6,368,817$2,808,070$2,169,206$5,679,323
61$6,970,467$2,897,696$2,193,905$6,161,700
62$7,631,974$2,990,203$2,217,920$6,690,933
63$8,359,396$3,085,684$2,241,181$7,271,751
64$9,159,407$3,184,235$2,263,614$7,909,365
65$10,039,362$3,285,957$2,285,140$8,609,515
66$11,007,361$3,390,953$2,305,676$9,378,529
67$12,072,331$3,499,330$2,325,136$10,223,377
68$13,244,108$3,611,197$2,343,427$11,151,739
69$14,533,529$3,726,667$2,360,454$12,172,079
70$15,952,535$3,845,860$2,376,115$13,293,723
71$17,514,282$3,968,895$2,390,303$14,526,947
72$19,233,266$4,095,898$2,402,906$15,883,075
73$21,125,461$4,226,999$2,413,805$17,374,585
74$23,208,468$4,362,332$2,422,878$19,015,228
75$25,501,680$4,502,035$2,429,992$20,820,155
76$28,026,467$4,646,250$2,435,013$22,806,063
77$30,806,377$4,795,126$2,437,796$24,991,352
78$33,867,355$4,948,815$2,438,190$27,396,295
79$37,237,993$5,107,475$2,436,037$30,043,237
80$40,949,795$5,271,268$2,431,171$32,956,797
81$45,037,478$5,440,364$2,423,418$36,164,108
82$49,539,294$5,614,935$2,412,596$39,695,067
83$54,497,397$5,795,162$2,398,514$43,582,623
84$59,958,237$5,981,231$2,380,970$47,863,083
85$65,972,999$6,173,333$2,359,754$52,576,457
86$72,598,087$6,371,668$2,334,647$57,766,837
87$79,895,652$6,576,440$2,305,418$63,482,811
88$87,934,184$6,787,861$2,271,825$69,777,922
89$96,789,156$7,006,151$2,233,617$76,711,176
90$106,543,734$7,231,537$2,190,527$84,347,595
91$117,289,564$7,464,251$2,142,279$92,758,835
92$129,127,638$7,704,538$2,088,584$102,023,859
93$142,169,244$7,952,647$2,029,138$112,229,685
94$156,537,016$8,208,836$1,963,623$123,472,208
95$172,366,097$8,473,374$1,891,710$135,857,102
96$189,805,406$8,746,537$1,813,049$149,500,821
97$209,019,051$9,028,610$1,727,280$164,531,699
98$230,187,872$9,319,891$1,634,022$181,091,157
99$253,511,153$9,620,683$1,532,880$199,335,044
100$279,208,499$9,931,305$1,423,439$219,435,105