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

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$155,249$153,866$152,517$151,200$149,914$145,173
2 years$76,856$75,424$74,037$72,692$71,388$66,654
3 years$50,728$49,291$47,907$46,575$45,291$40,714
4 years$37,667$36,234$34,864$33,554$32,302$27,916
5 years$29,832$28,408$27,056$25,773$24,556$20,372
6 years$24,611$23,197$21,865$20,611$19,430$15,453
7 years$20,883$19,481$18,170$16,945$15,802$12,031
8 years$18,088$16,699$15,410$14,215$13,109$9,542
9 years$15,915$14,539$13,272$12,108$11,040$7,672
10 years$14,178$12,816$11,571$10,437$9,406$6,233
11 years$12,758$11,409$10,187$9,084$8,090$5,105
12 years$11,575$10,240$9,041$7,967$7,010$4,208
13 years$10,575$9,254$8,077$7,034$6,113$3,486
14 years$9,719$8,412$7,257$6,244$5,359$2,900
15 years$8,977$7,684$6,553$5,569$4,718$2,421
16 years$8,329$7,050$5,941$4,986$4,170$2,027
17 years$7,758$6,493$5,406$4,480$3,697$1,700
18 years$7,250$6,000$4,935$4,037$3,288$1,429
19 years$6,797$5,560$4,518$3,648$2,930$1,203
20 years$6,390$5,167$4,146$3,304$2,617$1,014
21 years$6,021$4,813$3,814$2,999$2,342$856
22 years$5,687$4,493$3,515$2,726$2,100$723
23 years$5,382$4,202$3,245$2,483$1,885$611
24 years$5,103$3,937$3,001$2,265$1,694$517
25 years$4,847$3,695$2,780$2,068$1,524$437
26 years$4,611$3,472$2,578$1,891$1,373$370
27 years$4,392$3,268$2,394$1,731$1,238$314
28 years$4,190$3,079$2,226$1,586$1,117$266
29 years$4,002$2,905$2,071$1,454$1,009$225
30 years$3,827$2,743$1,929$1,335$911$191
31 years$3,663$2,593$1,799$1,226$824$162
32 years$3,510$2,454$1,678$1,127$745$137
33 years$3,367$2,324$1,567$1,036$675$117
34 years$3,232$2,203$1,464$953$611$99
35 years$3,105$2,089$1,369$877$553$84
36 years$2,986$1,983$1,280$808$501$71
37 years$2,873$1,883$1,198$745$454$60
38 years$2,767$1,790$1,122$686$412$51
39 years$2,666$1,702$1,051$633$373$43
40 years$2,570$1,619$985$584$339$37
41 years$2,480$1,541$924$538$307$31
42 years$2,394$1,468$867$497$279$27
43 years$2,312$1,399$813$459$253$23
44 years$2,234$1,333$764$424$230$19
45 years$2,159$1,271$717$391$209$16
46 years$2,089$1,213$673$361$189$14
47 years$2,021$1,157$633$334$172$12
48 years$1,956$1,105$594$308$156$10
49 years$1,895$1,055$559$285$142$8
50 years$1,836$1,008$525$264$129$7

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 $2,802 every year, while hoping to spend $59,545 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: 61/9/30 Blend
45$1,880,000$1,880,000$1,880,000$1,880,000
46$2,074,650$1,975,010$1,945,870$2,184,178
47$2,222,909$2,008,430$1,947,701$2,292,643
48$2,384,295$2,041,492$1,947,598$2,404,372
49$2,560,083$2,074,116$1,945,433$2,525,107
50$2,751,679$2,106,214$1,941,072$2,655,742
51$2,960,626$2,137,695$1,934,375$2,797,265
52$3,188,628$2,168,460$1,925,194$2,950,763
53$3,437,555$2,198,401$1,913,375$3,117,437
54$3,709,468$2,227,406$1,898,756$3,298,613
55$4,006,637$2,255,352$1,881,167$3,495,752
56$4,331,560$2,282,110$1,860,432$3,710,465
57$4,686,987$2,307,541$1,836,364$3,944,531
58$5,075,946$2,331,497$1,808,768$4,199,911
59$5,501,771$2,353,819$1,777,441$4,478,769
60$5,968,135$2,374,340$1,742,169$4,783,491
61$6,479,082$2,392,879$1,702,729$5,116,711
62$7,039,064$2,409,247$1,658,886$5,481,330
63$7,652,987$2,423,238$1,610,397$5,880,552
64$8,326,252$2,434,637$1,557,005$6,317,907
65$9,064,808$2,443,213$1,498,444$6,797,292
66$9,875,210$2,448,722$1,434,433$7,323,001
67$10,764,675$2,450,903$1,364,680$7,899,772
68$11,741,155$2,449,480$1,288,880$8,532,830
69$12,813,408$2,444,159$1,206,713$9,227,935
70$13,991,082$2,434,630$1,117,844$9,991,440
71$15,284,807$2,420,561$1,021,926$10,830,352
72$16,706,290$2,401,601$918,593$11,752,396
73$18,268,431$2,377,379$807,466$12,766,089
74$19,985,440$2,347,500$688,145$13,880,823
75$21,872,974$2,311,547$560,217$15,106,957
76$23,948,281$2,269,076$423,248$16,455,907
77$26,230,363$2,219,618$276,784$17,940,264
78$28,740,157$2,162,676$120,353$19,573,908
79$31,500,731$2,097,725$0$21,372,145
80$34,537,499$2,024,207$0$23,366,758
81$37,878,463$1,941,533$0$25,603,520
82$41,554,478$1,849,079$0$28,064,545
83$45,599,537$1,746,186$0$30,772,621
84$50,051,096$1,632,156$0$33,752,861
85$54,950,428$1,506,252$0$37,032,936
86$60,343,006$1,367,693$0$40,643,340
87$66,278,938$1,215,655$0$44,617,677
88$72,813,434$1,049,266$0$48,992,977
89$80,007,332$867,608$0$53,810,047
90$87,927,665$669,706$0$59,113,857
91$96,648,299$454,534$0$64,953,960
92$106,250,627$221,007$0$71,384,966
93$116,824,334$0$0$78,467,054
94$128,468,247$0$0$86,269,714
95$141,291,267$0$0$94,886,794
96$155,413,391$0$0$104,377,070
97$170,966,850$0$0$114,829,426
98$188,097,353$0$0$126,341,808
99$206,965,461$0$0$139,022,146
100$227,748,104$0$0$152,989,373