Can I retire at age 46 with 1,880,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$155,249$153,866$152,517$151,200$149,914$144,194
2 years$76,856$75,424$74,037$72,692$71,388$65,692
3 years$50,728$49,291$47,907$46,575$45,291$39,799
4 years$37,667$36,234$34,864$33,554$32,302$27,056
5 years$29,832$28,408$27,056$25,773$24,556$19,568
6 years$24,611$23,197$21,865$20,611$19,430$14,705
7 years$20,883$19,481$18,170$16,945$15,802$11,338
8 years$18,088$16,699$15,410$14,215$13,109$8,902
9 years$15,915$14,539$13,272$12,108$11,040$7,083
10 years$14,178$12,816$11,571$10,437$9,406$5,694
11 years$12,758$11,409$10,187$9,084$8,090$4,612
12 years$11,575$10,240$9,041$7,967$7,010$3,759
13 years$10,575$9,254$8,077$7,034$6,113$3,078
14 years$9,719$8,412$7,257$6,244$5,359$2,531
15 years$8,977$7,684$6,553$5,569$4,718$2,087
16 years$8,329$7,050$5,941$4,986$4,170$1,726
17 years$7,758$6,493$5,406$4,480$3,697$1,430
18 years$7,250$6,000$4,935$4,037$3,288$1,187
19 years$6,797$5,560$4,518$3,648$2,930$986
20 years$6,390$5,167$4,146$3,304$2,617$821
21 years$6,021$4,813$3,814$2,999$2,342$683
22 years$5,687$4,493$3,515$2,726$2,100$570
23 years$5,382$4,202$3,245$2,483$1,885$475
24 years$5,103$3,937$3,001$2,265$1,694$396
25 years$4,847$3,695$2,780$2,068$1,524$331
26 years$4,611$3,472$2,578$1,891$1,373$276
27 years$4,392$3,268$2,394$1,731$1,238$231
28 years$4,190$3,079$2,226$1,586$1,117$193
29 years$4,002$2,905$2,071$1,454$1,009$161
30 years$3,827$2,743$1,929$1,335$911$135
31 years$3,663$2,593$1,799$1,226$824$113
32 years$3,510$2,454$1,678$1,127$745$94
33 years$3,367$2,324$1,567$1,036$675$79
34 years$3,232$2,203$1,464$953$611$66
35 years$3,105$2,089$1,369$877$553$55
36 years$2,986$1,983$1,280$808$501$46
37 years$2,873$1,883$1,198$745$454$39
38 years$2,767$1,790$1,122$686$412$32
39 years$2,666$1,702$1,051$633$373$27
40 years$2,570$1,619$985$584$339$23
41 years$2,480$1,541$924$538$307$19
42 years$2,394$1,468$867$497$279$16
43 years$2,312$1,399$813$459$253$13
44 years$2,234$1,333$764$424$230$11
45 years$2,159$1,271$717$391$209$9
46 years$2,089$1,213$673$361$189$8
47 years$2,021$1,157$633$334$172$6
48 years$1,956$1,105$594$308$156$5
49 years$1,895$1,055$559$285$142$5
50 years$1,836$1,008$525$264$129$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,880,000, adding $6,544 every year, while hoping to spend $29,643 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: 61/18/21 Blend
45$1,880,000$1,880,000$1,880,000$1,880,000
46$2,078,510$1,978,870$1,949,730$2,193,499
47$2,258,978$2,044,295$1,983,506$2,337,487
48$2,456,861$2,111,932$2,017,420$2,490,717
49$2,673,902$2,181,858$2,051,446$2,657,285
50$2,912,025$2,254,154$2,085,554$2,838,491
51$3,173,346$2,328,902$2,119,714$3,035,770
52$3,460,197$2,406,188$2,153,894$3,250,696
53$3,775,146$2,486,100$2,188,059$3,485,006
54$4,121,024$2,568,732$2,222,172$3,740,611
55$4,500,946$2,654,178$2,256,193$4,019,617
56$4,918,348$2,742,538$2,290,080$4,324,341
57$5,377,011$2,833,914$2,323,789$4,657,335
58$5,881,103$2,928,412$2,357,273$5,021,412
59$6,435,215$3,026,144$2,390,481$5,419,668
60$7,044,405$3,127,223$2,423,360$5,855,511
61$7,714,245$3,231,768$2,455,854$6,332,700
62$8,450,876$3,339,902$2,487,903$6,855,371
63$9,261,060$3,451,753$2,519,443$7,428,082
64$10,152,252$3,567,452$2,550,408$8,055,853
65$11,132,662$3,687,138$2,580,727$8,744,215
66$12,211,338$3,810,951$2,610,325$9,499,260
67$13,398,247$3,939,041$2,639,124$10,327,700
68$14,704,374$4,071,560$2,667,040$11,236,930
69$16,141,820$4,208,666$2,693,986$12,235,096
70$17,723,920$4,350,526$2,719,869$13,331,172
71$19,465,367$4,497,308$2,744,592$14,535,047
72$21,382,350$4,649,192$2,768,051$15,857,615
73$23,492,708$4,806,361$2,790,139$17,310,879
74$25,816,098$4,969,006$2,810,742$18,908,064
75$28,374,178$5,137,325$2,829,740$20,663,740
76$31,190,814$5,311,524$2,847,007$22,593,964
77$34,292,305$5,491,817$2,862,409$24,716,425
78$37,707,629$5,678,425$2,875,809$27,050,614
79$41,468,718$5,871,578$2,887,059$29,618,009
80$45,610,757$6,071,516$2,896,006$32,442,274
81$50,172,520$6,278,485$2,902,487$35,549,485
82$55,196,731$6,492,745$2,906,334$38,968,374
83$60,730,469$6,714,561$2,907,368$42,730,601
84$66,825,615$6,944,212$2,905,403$46,871,053
85$73,539,335$7,181,986$2,900,241$51,428,170
86$80,934,626$7,428,183$2,891,679$56,444,314
87$89,080,907$7,683,113$2,879,499$61,966,159
88$98,054,673$7,947,099$2,863,476$68,045,141
89$107,940,221$8,220,477$2,843,373$74,737,936
90$118,830,439$8,503,596$2,818,941$82,107,000
91$130,827,689$8,796,818$2,789,921$90,221,154
92$144,044,770$9,100,519$2,756,041$99,156,235
93$158,605,982$9,415,090$2,717,013$108,995,813
94$174,648,300$9,740,937$2,672,541$119,831,977
95$192,322,666$10,078,482$2,622,311$131,766,207
96$211,795,415$10,428,165$2,565,995$144,910,326
97$233,249,844$10,790,441$2,503,252$159,387,564
98$256,887,940$11,165,785$2,433,723$175,333,713
99$282,932,290$11,554,689$2,357,033$192,898,412
100$311,628,180$11,957,665$2,272,790$212,246,558