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%16.2%
1 years$143,688$142,408$141,159$139,940$138,750$135,231
2 years$71,132$69,808$68,524$67,279$66,071$62,549
3 years$46,951$45,620$44,339$43,106$41,918$38,503
4 years$34,862$33,536$32,268$31,056$29,897$26,614
5 years$27,611$26,292$25,041$23,854$22,727$19,586
6 years$22,778$21,470$20,237$19,076$17,983$14,988
7 years$19,328$18,030$16,817$15,683$14,625$11,775
8 years$16,741$15,455$14,262$13,156$12,133$9,427
9 years$14,730$13,457$12,284$11,206$10,218$7,654
10 years$13,122$11,861$10,709$9,660$8,706$6,281
11 years$11,808$10,559$9,428$8,407$7,487$5,197
12 years$10,713$9,478$8,367$7,374$6,488$4,330
13 years$9,788$8,565$7,476$6,510$5,658$3,626
14 years$8,995$7,785$6,717$5,779$4,960$3,050
15 years$8,309$7,112$6,065$5,154$4,367$2,575
16 years$7,709$6,525$5,498$4,615$3,860$2,180
17 years$7,180$6,009$5,003$4,146$3,422$1,851
18 years$6,711$5,553$4,567$3,737$3,043$1,574
19 years$6,291$5,146$4,181$3,376$2,712$1,341
20 years$5,914$4,782$3,837$3,058$2,423$1,144
21 years$5,573$4,455$3,530$2,775$2,168$978
22 years$5,263$4,158$3,253$2,523$1,943$836
23 years$4,981$3,889$3,004$2,298$1,744$716
24 years$4,723$3,644$2,778$2,096$1,568$613
25 years$4,486$3,419$2,573$1,914$1,411$526
26 years$4,267$3,214$2,386$1,750$1,271$451
27 years$4,065$3,025$2,216$1,602$1,146$387
28 years$3,878$2,850$2,060$1,468$1,034$332
29 years$3,704$2,689$1,917$1,346$934$285
30 years$3,542$2,539$1,786$1,235$843$245
31 years$3,391$2,400$1,665$1,135$763$211
32 years$3,249$2,271$1,553$1,043$690$181
33 years$3,116$2,151$1,450$959$624$156
34 years$2,991$2,039$1,355$882$565$134
35 years$2,874$1,934$1,267$812$512$115
36 years$2,764$1,835$1,185$748$464$99
37 years$2,659$1,743$1,109$689$420$85
38 years$2,561$1,656$1,039$635$381$73
39 years$2,467$1,575$973$586$346$63
40 years$2,379$1,499$912$540$313$54
41 years$2,295$1,427$855$498$284$47
42 years$2,215$1,359$802$460$258$40
43 years$2,139$1,294$753$425$234$34
44 years$2,067$1,234$707$392$213$30
45 years$1,999$1,177$664$362$193$26
46 years$1,933$1,122$623$334$175$22
47 years$1,871$1,071$585$309$159$19
48 years$1,811$1,023$550$286$145$16
49 years$1,754$977$517$264$131$14
50 years$1,699$933$486$244$119$12

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 $3,312 every year, while hoping to spend $35,998 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: 59/25/16 Blend
45$1,740,000$1,740,000$1,740,000$1,740,000
46$1,920,896$1,828,676$1,801,706$2,026,163
47$2,078,526$1,879,980$1,823,762$2,148,998
48$2,251,028$1,932,591$1,845,350$2,278,616
49$2,439,880$1,986,535$1,866,416$2,419,131
50$2,646,711$2,041,839$1,886,905$2,571,600
51$2,873,316$2,098,529$1,906,756$2,737,186
52$3,121,667$2,156,630$1,925,906$2,917,169
53$3,393,942$2,216,170$1,944,289$3,112,960
54$3,692,536$2,277,174$1,961,834$3,326,113
55$4,020,087$2,339,668$1,978,468$3,558,336
56$4,379,502$2,403,678$1,994,113$3,811,515
57$4,773,983$2,469,230$2,008,687$4,087,723
58$5,207,055$2,536,348$2,022,104$4,389,246
59$5,682,604$2,605,058$2,034,274$4,718,602
60$6,204,908$2,675,384$2,045,100$5,078,564
61$6,778,682$2,747,351$2,054,484$5,472,185
62$7,409,118$2,820,982$2,062,320$5,902,832
63$8,101,937$2,896,299$2,068,497$6,374,212
64$8,863,442$2,973,326$2,072,899$6,890,410
65$9,700,577$3,052,082$2,075,405$7,455,925
66$10,620,991$3,132,589$2,075,886$8,075,717
67$11,633,112$3,214,866$2,074,208$8,755,246
68$12,746,226$3,298,931$2,070,231$9,500,534
69$13,970,563$3,384,801$2,063,806$10,318,211
70$15,317,397$3,472,492$2,054,779$11,215,585
71$16,799,144$3,562,018$2,042,987$12,200,707
72$18,429,491$3,653,390$2,028,261$13,282,451
73$20,223,513$3,746,620$2,010,422$14,470,591
74$22,197,823$3,841,716$1,989,283$15,775,902
75$24,370,725$3,938,684$1,964,648$17,210,252
76$26,762,388$4,037,529$1,936,313$18,786,724
77$29,395,035$4,138,251$1,904,062$20,519,731
78$32,293,152$4,240,850$1,867,673$22,425,156
79$35,483,723$4,345,320$1,826,908$24,520,503
80$38,996,476$4,451,654$1,781,523$26,825,059
81$42,864,173$4,559,842$1,731,261$29,360,080
82$47,122,911$4,669,867$1,675,851$32,148,988
83$51,812,469$4,781,711$1,615,013$35,217,593
84$56,976,676$4,895,351$1,548,451$38,594,340
85$62,663,832$5,010,758$1,475,859$42,310,572
86$68,927,157$5,127,899$1,396,915$46,400,832
87$75,825,298$5,246,736$1,311,281$50,903,184
88$83,422,876$5,367,225$1,218,608$55,859,576
89$91,791,105$5,489,314$1,118,527$61,316,234
90$101,008,455$5,612,948$1,010,655$67,324,101
91$111,161,397$5,738,061$894,590$73,939,315
92$122,345,215$5,864,582$769,915$81,223,742
93$134,664,912$5,992,432$636,193$89,245,557
94$148,236,194$6,121,521$492,965$98,079,894
95$163,186,563$6,251,753$339,757$107,809,546
96$179,656,523$6,383,020$176,070$118,525,759
97$197,800,905$6,515,205$1,384$130,329,081
98$217,790,325$6,648,178$0$143,330,323
99$239,812,798$6,781,799$0$157,683,186
100$264,075,512$6,915,915$0$173,492,959