Can I retire at age 46 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$143,688$142,408$141,159$139,940$138,750$134,040
2 years$71,132$69,808$68,524$67,279$66,071$61,374
3 years$46,951$45,620$44,339$43,106$41,918$37,380
4 years$34,862$33,536$32,268$31,056$29,897$25,553
5 years$27,611$26,292$25,041$23,854$22,727$18,589
6 years$22,778$21,470$20,237$19,076$17,983$14,054
7 years$19,328$18,030$16,817$15,683$14,625$10,904
8 years$16,741$15,455$14,262$13,156$12,133$8,618
9 years$14,730$13,457$12,284$11,206$10,218$6,903
10 years$13,122$11,861$10,709$9,660$8,706$5,588
11 years$11,808$10,559$9,428$8,407$7,487$4,559
12 years$10,713$9,478$8,367$7,374$6,488$3,743
13 years$9,788$8,565$7,476$6,510$5,658$3,088
14 years$8,995$7,785$6,717$5,779$4,960$2,559
15 years$8,309$7,112$6,065$5,154$4,367$2,127
16 years$7,709$6,525$5,498$4,615$3,860$1,772
17 years$7,180$6,009$5,003$4,146$3,422$1,480
18 years$6,711$5,553$4,567$3,737$3,043$1,239
19 years$6,291$5,146$4,181$3,376$2,712$1,038
20 years$5,914$4,782$3,837$3,058$2,423$871
21 years$5,573$4,455$3,530$2,775$2,168$732
22 years$5,263$4,158$3,253$2,523$1,943$615
23 years$4,981$3,889$3,004$2,298$1,744$518
24 years$4,723$3,644$2,778$2,096$1,568$436
25 years$4,486$3,419$2,573$1,914$1,411$367
26 years$4,267$3,214$2,386$1,750$1,271$309
27 years$4,065$3,025$2,216$1,602$1,146$261
28 years$3,878$2,850$2,060$1,468$1,034$220
29 years$3,704$2,689$1,917$1,346$934$185
30 years$3,542$2,539$1,786$1,235$843$156
31 years$3,391$2,400$1,665$1,135$763$132
32 years$3,249$2,271$1,553$1,043$690$111
33 years$3,116$2,151$1,450$959$624$94
34 years$2,991$2,039$1,355$882$565$79
35 years$2,874$1,934$1,267$812$512$67
36 years$2,764$1,835$1,185$748$464$57
37 years$2,659$1,743$1,109$689$420$48
38 years$2,561$1,656$1,039$635$381$40
39 years$2,467$1,575$973$586$346$34
40 years$2,379$1,499$912$540$313$29
41 years$2,295$1,427$855$498$284$24
42 years$2,215$1,359$802$460$258$20
43 years$2,139$1,294$753$425$234$17
44 years$2,067$1,234$707$392$213$15
45 years$1,999$1,177$664$362$193$12
46 years$1,933$1,122$623$334$175$10
47 years$1,871$1,071$585$309$159$9
48 years$1,811$1,023$550$286$145$7
49 years$1,754$977$517$264$131$6
50 years$1,699$933$486$244$119$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,740,000, adding $5,169 every year, while hoping to spend $57,954 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: 42/31/27 Blend
45$1,740,000$1,740,000$1,740,000$1,740,000
46$1,922,812$1,830,592$1,803,622$1,988,178
47$2,057,276$1,858,628$1,802,381$2,063,678
48$2,203,513$1,886,096$1,799,155$2,139,525
49$2,362,663$1,912,906$1,793,818$2,220,550
50$2,535,979$1,938,963$1,786,236$2,307,264
51$2,724,842$1,964,166$1,776,268$2,400,234
52$2,930,770$1,988,404$1,763,767$2,500,087
53$3,155,435$2,011,562$1,748,579$2,607,515
54$3,400,676$2,033,514$1,730,543$2,723,285
55$3,668,517$2,054,130$1,709,489$2,848,244
56$3,961,190$2,073,265$1,685,241$2,983,328
57$4,281,147$2,090,771$1,657,612$3,129,572
58$4,631,091$2,106,486$1,626,409$3,288,121
59$5,013,998$2,120,239$1,591,429$3,460,240
60$5,433,142$2,131,848$1,552,459$3,647,327
61$5,892,133$2,141,118$1,509,276$3,850,926
62$6,394,942$2,147,845$1,461,649$4,072,744
63$6,945,945$2,151,808$1,409,333$4,314,668
64$7,549,959$2,152,775$1,352,073$4,578,781
65$8,212,292$2,150,498$1,289,605$4,867,384
66$8,938,789$2,144,715$1,221,650$5,183,020
67$9,735,887$2,135,148$1,147,917$5,528,498
68$10,610,677$2,121,500$1,068,102$5,906,918
69$11,570,970$2,103,457$981,887$6,321,705
70$12,625,371$2,080,688$888,942$6,776,641
71$13,783,356$2,052,839$788,919$7,275,902
72$15,055,367$2,019,537$681,456$7,824,097
73$16,452,905$1,980,385$566,176$8,426,316
74$17,988,642$1,934,965$442,683$9,088,178
75$19,676,537$1,882,831$310,566$9,815,885
76$21,531,968$1,823,514$169,394$10,616,280
77$23,571,878$1,756,516$18,719$11,496,920
78$25,814,935$1,681,310$0$12,466,142
79$28,281,702$1,597,339$0$13,574,079
80$30,994,840$1,504,012$0$14,798,368
81$33,979,313$1,400,708$0$16,144,962
82$37,262,626$1,286,766$0$17,626,377
83$40,875,086$1,161,490$0$19,256,410
84$44,850,085$1,024,143$0$21,050,277
85$49,224,415$873,947$0$23,024,752
86$54,038,614$710,079$0$25,198,330
87$59,337,350$531,671$0$27,591,401
88$65,169,842$337,805$0$30,226,445
89$71,590,321$127,512$0$33,128,245
90$78,658,543$0$0$36,324,127
91$86,440,353$0$0$39,878,403
92$95,008,304$0$0$43,839,910
93$104,442,344$0$0$48,202,148
94$114,830,567$0$0$53,005,888
95$126,270,045$0$0$58,296,054
96$138,867,742$0$0$64,122,148
97$152,741,525$0$0$70,538,721
98$168,021,277$0$0$77,605,883
99$184,850,118$0$0$85,389,869
100$203,385,756$0$0$93,963,670