Can I retire at age 46 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$151,945$150,592$149,272$147,983$146,724$143,469
2 years$75,221$73,820$72,462$71,146$69,869$66,606
3 years$49,649$48,242$46,888$45,584$44,328$41,159
4 years$36,866$35,463$34,122$32,840$31,615$28,565
5 years$29,198$27,803$26,480$25,225$24,033$21,111
6 years$24,087$22,704$21,400$20,172$19,017$16,225
7 years$20,438$19,066$17,783$16,585$15,466$12,805
8 years$17,703$16,343$15,082$13,913$12,830$10,299
9 years$15,577$14,230$12,990$11,850$10,805$8,402
10 years$13,877$12,543$11,325$10,215$9,206$6,929
11 years$12,487$11,166$9,970$8,890$7,918$5,763
12 years$11,329$10,022$8,848$7,798$6,861$4,826
13 years$10,350$9,057$7,905$6,884$5,983$4,064
14 years$9,512$8,233$7,103$6,111$5,245$3,437
15 years$8,786$7,521$6,413$5,450$4,618$2,918
16 years$8,152$6,900$5,814$4,880$4,081$2,485
17 years$7,593$6,355$5,291$4,385$3,619$2,121
18 years$7,096$5,872$4,830$3,951$3,218$1,815
19 years$6,652$5,442$4,422$3,570$2,868$1,556
20 years$6,254$5,057$4,058$3,234$2,562$1,336
21 years$5,893$4,711$3,732$2,935$2,292$1,148
22 years$5,566$4,397$3,440$2,668$2,055$988
23 years$5,268$4,113$3,176$2,430$1,845$851
24 years$4,995$3,853$2,938$2,216$1,658$734
25 years$4,744$3,616$2,721$2,024$1,492$633
26 years$4,513$3,398$2,523$1,851$1,344$546
27 years$4,299$3,198$2,343$1,694$1,212$472
28 years$4,101$3,014$2,178$1,552$1,093$408
29 years$3,917$2,843$2,027$1,423$987$353
30 years$3,745$2,685$1,888$1,306$892$305
31 years$3,585$2,538$1,760$1,200$806$264
32 years$3,436$2,402$1,642$1,103$729$228
33 years$3,295$2,274$1,533$1,014$660$197
34 years$3,163$2,156$1,433$933$598$171
35 years$3,039$2,045$1,340$859$541$148
36 years$2,922$1,941$1,253$791$491$128
37 years$2,812$1,843$1,173$729$445$111
38 years$2,708$1,752$1,098$672$403$96
39 years$2,609$1,666$1,029$619$365$83
40 years$2,516$1,585$965$571$332$72
41 years$2,427$1,509$904$527$301$62
42 years$2,343$1,437$848$486$273$54
43 years$2,262$1,369$796$449$248$47
44 years$2,186$1,305$747$415$225$41
45 years$2,114$1,244$702$383$204$35
46 years$2,044$1,187$659$354$185$30
47 years$1,978$1,133$619$327$168$26
48 years$1,915$1,081$582$302$153$23
49 years$1,854$1,033$547$279$139$20
50 years$1,796$986$514$258$126$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,840,000, adding $3,501 every year, while hoping to spend $25,824 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: 54/32/14 Blend
45$1,840,000$1,840,000$1,840,000$1,840,000
46$2,031,291$1,933,771$1,905,251$2,133,307
47$2,211,006$2,001,050$1,941,601$2,270,441
48$2,408,187$2,070,759$1,978,302$2,416,555
49$2,624,587$2,142,991$2,015,341$2,575,004
50$2,862,140$2,217,842$2,052,699$2,746,967
51$3,122,972$2,295,411$2,090,359$2,933,743
52$3,409,430$2,375,800$2,128,300$3,136,757
53$3,724,096$2,459,119$2,166,502$3,357,580
54$4,069,815$2,545,477$2,204,941$3,597,940
55$4,449,722$2,634,991$2,243,593$3,859,736
56$4,867,270$2,727,782$2,282,430$4,145,062
57$5,326,264$2,823,976$2,321,424$4,456,219
58$5,830,895$2,923,703$2,360,544$4,795,741
59$6,385,782$3,027,100$2,399,757$5,166,416
60$6,996,010$3,134,307$2,439,028$5,571,315
61$7,667,187$3,245,472$2,478,319$6,013,818
62$8,405,488$3,360,747$2,517,590$6,497,645
63$9,217,718$3,480,294$2,556,799$7,026,893
64$10,111,373$3,604,276$2,595,900$7,606,072
65$11,094,714$3,732,867$2,634,844$8,240,150
66$12,176,844$3,866,246$2,673,580$8,934,595
67$13,367,791$4,004,601$2,712,054$9,695,431
68$14,678,605$4,148,126$2,750,207$10,529,291
69$16,121,462$4,297,024$2,787,979$11,443,479
70$17,709,778$4,451,505$2,825,303$12,446,039
71$19,458,336$4,611,789$2,862,111$13,545,835
72$21,383,425$4,778,105$2,898,330$14,752,624
73$23,502,994$4,950,692$2,933,884$16,077,157
74$25,836,820$5,129,797$2,968,690$17,531,274
75$28,406,697$5,315,678$3,002,662$19,128,019
76$31,236,638$5,508,605$3,035,710$20,881,760
77$34,353,106$5,708,857$3,067,737$22,808,323
78$37,785,260$5,916,728$3,098,643$24,925,144
79$41,565,229$6,132,521$3,128,320$27,251,431
80$45,728,420$6,356,552$3,156,657$29,808,341
81$50,313,848$6,589,152$3,183,534$32,619,188
82$55,364,506$6,830,665$3,208,828$35,709,651
83$60,927,768$7,081,450$3,232,405$39,108,025
84$67,055,839$7,341,880$3,254,130$42,845,482
85$73,806,246$7,612,344$3,273,855$46,956,364
86$81,242,383$7,893,249$3,291,429$51,478,509
87$89,434,104$8,185,016$3,306,690$56,453,606
88$98,458,389$8,488,088$3,319,470$61,927,587
89$108,400,063$8,802,923$3,329,591$67,951,060
90$119,352,605$9,130,001$3,336,867$74,579,785
91$131,419,021$9,469,822$3,341,103$81,875,199
92$144,712,824$9,822,906$3,342,093$89,904,998
93$159,359,100$10,189,796$3,339,621$98,743,768
94$175,495,692$10,571,060$3,333,462$108,473,694
95$193,274,498$10,967,287$3,323,378$119,185,333
96$212,862,907$11,379,094$3,309,122$130,978,465
97$234,445,377$11,807,124$3,290,431$143,963,037
98$258,225,179$12,252,047$3,267,034$158,260,196
99$284,426,312$12,714,561$3,238,644$174,003,432
100$313,295,618$13,195,397$3,204,961$191,339,840