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%19.3%
1 years$155,249$153,866$152,517$151,200$149,914$144,308
2 years$76,856$75,424$74,037$72,692$71,388$65,804
3 years$50,728$49,291$47,907$46,575$45,291$39,905
4 years$37,667$36,234$34,864$33,554$32,302$27,155
5 years$29,832$28,408$27,056$25,773$24,556$19,661
6 years$24,611$23,197$21,865$20,611$19,430$14,791
7 years$20,883$19,481$18,170$16,945$15,802$11,417
8 years$18,088$16,699$15,410$14,215$13,109$8,975
9 years$15,915$14,539$13,272$12,108$11,040$7,150
10 years$14,178$12,816$11,571$10,437$9,406$5,755
11 years$12,758$11,409$10,187$9,084$8,090$4,668
12 years$11,575$10,240$9,041$7,967$7,010$3,809
13 years$10,575$9,254$8,077$7,034$6,113$3,124
14 years$9,719$8,412$7,257$6,244$5,359$2,572
15 years$8,977$7,684$6,553$5,569$4,718$2,124
16 years$8,329$7,050$5,941$4,986$4,170$1,759
17 years$7,758$6,493$5,406$4,480$3,697$1,459
18 years$7,250$6,000$4,935$4,037$3,288$1,213
19 years$6,797$5,560$4,518$3,648$2,930$1,010
20 years$6,390$5,167$4,146$3,304$2,617$841
21 years$6,021$4,813$3,814$2,999$2,342$702
22 years$5,687$4,493$3,515$2,726$2,100$586
23 years$5,382$4,202$3,245$2,483$1,885$489
24 years$5,103$3,937$3,001$2,265$1,694$409
25 years$4,847$3,695$2,780$2,068$1,524$342
26 years$4,611$3,472$2,578$1,891$1,373$286
27 years$4,392$3,268$2,394$1,731$1,238$239
28 years$4,190$3,079$2,226$1,586$1,117$200
29 years$4,002$2,905$2,071$1,454$1,009$168
30 years$3,827$2,743$1,929$1,335$911$141
31 years$3,663$2,593$1,799$1,226$824$118
32 years$3,510$2,454$1,678$1,127$745$99
33 years$3,367$2,324$1,567$1,036$675$83
34 years$3,232$2,203$1,464$953$611$69
35 years$3,105$2,089$1,369$877$553$58
36 years$2,986$1,983$1,280$808$501$49
37 years$2,873$1,883$1,198$745$454$41
38 years$2,767$1,790$1,122$686$412$34
39 years$2,666$1,702$1,051$633$373$29
40 years$2,570$1,619$985$584$339$24
41 years$2,480$1,541$924$538$307$20
42 years$2,394$1,468$867$497$279$17
43 years$2,312$1,399$813$459$253$14
44 years$2,234$1,333$764$424$230$12
45 years$2,159$1,271$717$391$209$10
46 years$2,089$1,213$673$361$189$8
47 years$2,021$1,157$633$334$172$7
48 years$1,956$1,105$594$308$156$6
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 $6,757 every year, while hoping to spend $58,902 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: 42/33/25 Blend
45$1,880,000$1,880,000$1,880,000$1,880,000
46$2,078,730$1,979,090$1,949,950$2,150,569
47$2,228,089$2,013,394$1,952,602$2,236,952
48$2,390,709$2,047,405$1,953,369$2,324,324
49$2,567,879$2,081,046$1,952,125$2,417,786
50$2,761,021$2,114,235$1,948,739$2,517,936
51$2,971,696$2,146,884$1,943,073$2,625,429
52$3,201,625$2,178,897$1,934,982$2,740,991
53$3,452,702$2,210,174$1,924,315$2,865,426
54$3,727,011$2,240,606$1,910,912$2,999,619
55$4,026,846$2,270,076$1,894,608$3,144,549
56$4,354,734$2,298,459$1,875,228$3,301,298
57$4,713,458$2,325,624$1,852,588$3,471,059
58$5,106,079$2,351,428$1,826,498$3,655,153
59$5,535,970$2,375,720$1,796,758$3,855,036
60$6,006,847$2,398,338$1,763,156$4,072,317
61$6,522,798$2,419,109$1,725,475$4,308,774
62$7,088,329$2,437,851$1,683,484$4,566,368
63$7,708,400$2,454,368$1,636,942$4,847,266
64$8,388,477$2,468,451$1,585,599$5,153,860
65$9,134,576$2,479,880$1,529,192$5,488,792
66$9,953,327$2,488,418$1,467,444$5,854,977
67$10,852,032$2,493,817$1,400,069$6,255,635
68$11,838,735$2,495,809$1,326,767$6,694,317
69$12,922,294$2,494,112$1,247,222$7,174,948
70$14,112,471$2,488,426$1,161,107$7,701,854
71$15,420,017$2,478,433$1,068,078$8,279,814
72$16,856,777$2,463,795$967,777$8,914,102
73$18,435,801$2,444,153$859,829$9,610,535
74$20,171,462$2,419,127$743,844$10,375,536
75$22,079,601$2,388,313$619,412$11,216,189
76$24,177,665$2,351,285$486,107$12,140,314
77$26,484,879$2,307,591$343,484$13,156,536
78$29,022,423$2,256,749$191,077$14,274,372
79$31,813,634$2,198,253$28,401$15,504,323
80$34,884,222$2,131,565$0$16,857,972
81$38,262,516$2,056,115$0$18,386,830
82$41,979,729$1,971,301$0$20,076,863
83$46,070,253$1,876,487$0$21,936,182
84$50,571,981$1,770,997$0$23,982,093
85$55,526,667$1,654,119$0$26,233,672
86$60,980,314$1,525,098$0$28,711,950
87$66,983,617$1,383,139$0$31,440,113
88$73,592,431$1,227,397$0$34,443,720
89$80,868,303$1,056,984$0$37,750,948
90$88,879,051$870,958$0$41,392,859
91$97,699,405$668,325$0$45,403,695
92$107,411,707$448,036$0$49,821,204
93$118,106,694$208,982$0$54,686,996
94$129,884,347$0$0$60,046,940
95$142,854,840$0$0$65,969,760
96$157,139,576$0$0$72,576,608
97$172,872,331$0$0$79,853,509
98$190,200,520$0$0$87,868,688
99$209,286,583$0$0$96,697,325
100$230,309,522$0$0$106,422,262