Can I retire at age 46 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$156,074$154,684$153,328$152,004$150,711$146,533
2 years$77,265$75,826$74,431$73,079$71,767$67,589
3 years$50,998$49,553$48,162$46,822$45,532$41,485
4 years$37,867$36,427$35,049$33,733$32,474$28,588
5 years$29,991$28,559$27,200$25,910$24,686$20,973
6 years$24,742$23,320$21,981$20,720$19,533$15,996
7 years$20,994$19,585$18,267$17,035$15,886$12,525
8 years$18,184$16,788$15,492$14,291$13,179$9,992
9 years$16,000$14,617$13,343$12,172$11,098$8,083
10 years$14,254$12,884$11,633$10,493$9,456$6,608
11 years$12,826$11,470$10,241$9,132$8,133$5,447
12 years$11,637$10,295$9,089$8,010$7,048$4,520
13 years$10,632$9,303$8,120$7,071$6,146$3,770
14 years$9,771$8,456$7,296$6,277$5,387$3,158
15 years$9,025$7,725$6,587$5,598$4,743$2,655
16 years$8,373$7,088$5,972$5,013$4,192$2,238
17 years$7,799$6,527$5,435$4,504$3,717$1,892
18 years$7,289$6,032$4,961$4,059$3,305$1,602
19 years$6,833$5,590$4,542$3,667$2,946$1,359
20 years$6,424$5,195$4,168$3,322$2,631$1,154
21 years$6,053$4,839$3,834$3,015$2,355$982
22 years$5,717$4,517$3,534$2,741$2,111$836
23 years$5,411$4,224$3,263$2,496$1,895$712
24 years$5,130$3,958$3,017$2,277$1,703$607
25 years$4,873$3,714$2,795$2,079$1,532$518
26 years$4,635$3,491$2,592$1,901$1,380$442
27 years$4,416$3,285$2,407$1,740$1,245$377
28 years$4,212$3,096$2,237$1,594$1,123$322
29 years$4,023$2,920$2,082$1,462$1,014$276
30 years$3,847$2,758$1,939$1,342$916$236
31 years$3,683$2,607$1,808$1,232$828$201
32 years$3,529$2,467$1,687$1,133$749$172
33 years$3,385$2,336$1,575$1,041$678$147
34 years$3,249$2,214$1,472$958$614$126
35 years$3,122$2,100$1,376$882$556$108
36 years$3,002$1,993$1,287$812$504$92
37 years$2,888$1,893$1,205$749$457$79
38 years$2,781$1,799$1,128$690$414$68
39 years$2,680$1,711$1,057$636$375$58
40 years$2,584$1,628$991$587$341$49
41 years$2,493$1,550$929$541$309$42
42 years$2,406$1,476$871$500$280$36
43 years$2,324$1,406$818$461$254$31
44 years$2,246$1,340$768$426$231$27
45 years$2,171$1,278$721$393$210$23
46 years$2,100$1,219$677$363$190$19
47 years$2,032$1,164$636$336$173$17
48 years$1,967$1,111$598$310$157$14
49 years$1,905$1,061$562$287$143$12
50 years$1,845$1,013$528$265$129$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,890,000, adding $6,385 every year, while hoping to spend $58,247 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: 49/28/23 Blend
45$1,890,000$1,890,000$1,890,000$1,890,000
46$2,089,366$1,989,196$1,959,901$2,177,891
47$2,240,507$2,024,692$1,963,583$2,275,701
48$2,405,112$2,059,976$1,965,437$2,375,527
49$2,584,494$2,094,974$1,965,339$2,482,790
50$2,780,094$2,129,611$1,963,160$2,598,215
51$2,993,504$2,163,802$1,958,766$2,722,603
52$3,226,472$2,197,458$1,952,015$2,856,839
53$3,480,922$2,230,484$1,942,758$3,001,900
54$3,758,975$2,262,777$1,930,839$3,158,863
55$4,062,964$2,294,226$1,916,096$3,328,917
56$4,395,458$2,324,715$1,898,357$3,513,374
57$4,759,285$2,354,116$1,877,442$3,713,682
58$5,157,561$2,382,297$1,853,165$3,931,439
59$5,593,715$2,409,112$1,825,329$4,168,409
60$6,071,525$2,434,409$1,793,728$4,426,537
61$6,595,149$2,458,024$1,758,147$4,707,971
62$7,169,169$2,479,782$1,718,360$5,015,079
63$7,798,631$2,499,498$1,674,131$5,350,475
64$8,489,092$2,516,974$1,625,215$5,717,044
65$9,246,671$2,531,998$1,571,352$6,117,968
66$10,078,113$2,544,347$1,512,273$6,556,757
67$10,990,842$2,553,781$1,447,696$7,037,285
68$11,993,040$2,560,048$1,377,326$7,563,824
69$13,093,717$2,562,878$1,300,854$8,141,089
70$14,302,801$2,561,984$1,217,957$8,774,278
71$15,631,228$2,557,063$1,128,300$9,469,129
72$17,091,045$2,547,790$1,031,530$10,231,968
73$18,695,525$2,533,825$927,279$11,069,775
74$20,459,289$2,514,803$815,163$11,990,247
75$22,398,446$2,490,338$694,781$13,001,874
76$24,530,746$2,460,023$565,714$14,114,021
77$26,875,741$2,423,423$427,525$15,337,016
78$29,454,976$2,380,080$279,756$16,682,248
79$32,292,187$2,329,507$121,931$18,162,280
80$35,413,526$2,271,190$0$19,790,964
81$38,847,810$2,204,582$0$21,594,986
82$42,626,787$2,129,107$0$23,612,458
83$46,785,440$2,044,154$0$25,832,133
84$51,362,312$1,949,075$0$28,274,635
85$56,399,876$1,843,187$0$30,962,694
86$61,944,927$1,725,767$0$33,921,368
87$68,049,030$1,596,050$0$37,178,272
88$74,769,001$1,453,227$0$40,763,850
89$82,167,447$1,296,443$0$44,711,654
90$90,313,353$1,124,795$0$49,058,670
91$99,282,733$937,328$0$53,845,661
92$109,159,349$733,034$0$59,117,560
93$120,035,498$510,847$0$64,923,891
94$132,012,883$269,643$0$71,319,241
95$145,203,575$8,234$0$78,363,775
96$159,731,067$0$0$86,123,808
97$175,731,440$0$0$94,757,047
98$193,354,647$0$0$104,268,993
99$212,765,928$0$0$114,746,328
100$234,147,365$0$0$126,287,372