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%17.1%
1 years$151,945$150,592$149,272$147,983$146,724$142,484
2 years$75,221$73,820$72,462$71,146$69,869$65,631
3 years$49,649$48,242$46,888$45,584$44,328$40,224
4 years$36,866$35,463$34,122$32,840$31,615$27,678
5 years$29,198$27,803$26,480$25,225$24,033$20,273
6 years$24,087$22,704$21,400$20,172$19,017$15,437
7 years$20,438$19,066$17,783$16,585$15,466$12,066
8 years$17,703$16,343$15,082$13,913$12,830$9,609
9 years$15,577$14,230$12,990$11,850$10,805$7,759
10 years$13,877$12,543$11,325$10,215$9,206$6,332
11 years$12,487$11,166$9,970$8,890$7,918$5,209
12 years$11,329$10,022$8,848$7,798$6,861$4,314
13 years$10,350$9,057$7,905$6,884$5,983$3,591
14 years$9,512$8,233$7,103$6,111$5,245$3,002
15 years$8,786$7,521$6,413$5,450$4,618$2,518
16 years$8,152$6,900$5,814$4,880$4,081$2,119
17 years$7,593$6,355$5,291$4,385$3,619$1,787
18 years$7,096$5,872$4,830$3,951$3,218$1,510
19 years$6,652$5,442$4,422$3,570$2,868$1,278
20 years$6,254$5,057$4,058$3,234$2,562$1,083
21 years$5,893$4,711$3,732$2,935$2,292$919
22 years$5,566$4,397$3,440$2,668$2,055$780
23 years$5,268$4,113$3,176$2,430$1,845$663
24 years$4,995$3,853$2,938$2,216$1,658$564
25 years$4,744$3,616$2,721$2,024$1,492$480
26 years$4,513$3,398$2,523$1,851$1,344$409
27 years$4,299$3,198$2,343$1,694$1,212$348
28 years$4,101$3,014$2,178$1,552$1,093$297
29 years$3,917$2,843$2,027$1,423$987$253
30 years$3,745$2,685$1,888$1,306$892$216
31 years$3,585$2,538$1,760$1,200$806$184
32 years$3,436$2,402$1,642$1,103$729$157
33 years$3,295$2,274$1,533$1,014$660$134
34 years$3,163$2,156$1,433$933$598$114
35 years$3,039$2,045$1,340$859$541$98
36 years$2,922$1,941$1,253$791$491$83
37 years$2,812$1,843$1,173$729$445$71
38 years$2,708$1,752$1,098$672$403$61
39 years$2,609$1,666$1,029$619$365$52
40 years$2,516$1,585$965$571$332$44
41 years$2,427$1,509$904$527$301$38
42 years$2,343$1,437$848$486$273$32
43 years$2,262$1,369$796$449$248$27
44 years$2,186$1,305$747$415$225$23
45 years$2,114$1,244$702$383$204$20
46 years$2,044$1,187$659$354$185$17
47 years$1,978$1,133$619$327$168$15
48 years$1,915$1,081$582$302$153$12
49 years$1,854$1,033$547$279$139$11
50 years$1,796$986$514$258$126$9

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 $2,894 every year, while hoping to spend $54,221 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: 23/50/27 Blend
45$1,840,000$1,840,000$1,840,000$1,840,000
46$2,030,665$1,933,145$1,904,625$2,059,933
47$2,180,102$1,970,179$1,910,739$2,122,398
48$2,342,965$2,007,209$1,915,241$2,184,460
49$2,520,565$2,044,180$1,918,019$2,249,748
50$2,714,346$2,081,029$1,918,957$2,318,562
51$2,925,899$2,117,689$1,917,931$2,391,238
52$3,156,973$2,154,088$1,914,814$2,468,145
53$3,409,494$2,190,148$1,909,471$2,549,693
54$3,685,584$2,225,787$1,901,759$2,636,336
55$3,987,577$2,260,914$1,891,532$2,728,578
56$4,318,044$2,295,433$1,878,632$2,826,976
57$4,679,817$2,329,241$1,862,898$2,932,150
58$5,076,012$2,362,228$1,844,159$3,044,784
59$5,510,063$2,394,275$1,822,237$3,165,635
60$5,985,750$2,425,255$1,796,943$3,295,544
61$6,507,238$2,455,034$1,768,082$3,435,441
62$7,079,113$2,483,467$1,735,449$3,586,355
63$7,706,425$2,510,400$1,698,829$3,749,426
64$8,394,738$2,535,667$1,657,997$3,925,915
65$9,150,180$2,559,093$1,612,719$4,117,217
66$9,979,501$2,580,492$1,562,748$4,324,877
67$10,890,137$2,599,663$1,507,827$4,550,604
68$11,890,279$2,616,394$1,447,687$4,796,286
69$12,988,950$2,630,459$1,382,046$5,064,015
70$14,196,090$2,641,619$1,310,612$5,356,101
71$15,522,649$2,649,617$1,233,076$5,675,101
72$16,980,692$2,654,181$1,149,117$6,023,840
73$18,583,510$2,655,023$1,058,399$6,405,443
74$20,345,745$2,651,836$960,573$6,823,361
75$22,283,529$2,644,294$855,270$7,281,412
76$24,414,637$2,632,052$742,110$7,783,811
77$26,758,651$2,614,743$620,691$8,335,220
78$29,337,146$2,591,979$490,597$8,940,786
79$32,173,895$2,563,346$351,392$9,606,197
80$35,295,089$2,528,407$202,621$10,337,735
81$38,729,589$2,486,699$43,809$11,142,340
82$42,509,191$2,437,731$0$12,027,675
83$46,668,931$2,380,983$0$13,038,410
84$51,247,415$2,315,904$0$14,163,506
85$56,287,179$2,241,911$0$15,400,804
86$61,835,094$2,158,387$0$16,761,859
87$67,942,804$2,064,679$0$18,259,417
88$74,667,218$1,960,096$0$19,907,538
89$82,071,041$1,843,908$0$21,721,731
90$90,223,368$1,715,340$0$23,719,102
91$99,200,337$1,573,577$0$25,918,519
92$109,085,844$1,417,755$0$28,340,791
93$119,972,335$1,246,960$0$31,008,870
94$131,961,679$1,060,227$0$33,948,067
95$145,166,131$856,538$0$37,186,299
96$159,709,383$634,816$0$40,754,351
97$175,727,741$393,922$0$44,686,171
98$193,371,403$132,657$0$49,019,198
99$212,805,881$0$0$53,794,714
100$234,213,560$0$0$59,140,911