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%18.9%
1 years$156,074$154,684$153,328$152,004$150,711$145,306
2 years$77,265$75,826$74,431$73,079$71,767$66,380
3 years$50,998$49,553$48,162$46,822$45,532$40,332
4 years$37,867$36,427$35,049$33,733$32,474$27,501
5 years$29,991$28,559$27,200$25,910$24,686$19,953
6 years$24,742$23,320$21,981$20,720$19,533$15,044
7 years$20,994$19,585$18,267$17,035$15,886$11,639
8 years$18,184$16,788$15,492$14,291$13,179$9,171
9 years$16,000$14,617$13,343$12,172$11,098$7,325
10 years$14,254$12,884$11,633$10,493$9,456$5,910
11 years$12,826$11,470$10,241$9,132$8,133$4,806
12 years$11,637$10,295$9,089$8,010$7,048$3,933
13 years$10,632$9,303$8,120$7,071$6,146$3,234
14 years$9,771$8,456$7,296$6,277$5,387$2,670
15 years$9,025$7,725$6,587$5,598$4,743$2,211
16 years$8,373$7,088$5,972$5,013$4,192$1,836
17 years$7,799$6,527$5,435$4,504$3,717$1,528
18 years$7,289$6,032$4,961$4,059$3,305$1,274
19 years$6,833$5,590$4,542$3,667$2,946$1,064
20 years$6,424$5,195$4,168$3,322$2,631$889
21 years$6,053$4,839$3,834$3,015$2,355$744
22 years$5,717$4,517$3,534$2,741$2,111$623
23 years$5,411$4,224$3,263$2,496$1,895$522
24 years$5,130$3,958$3,017$2,277$1,703$438
25 years$4,873$3,714$2,795$2,079$1,532$367
26 years$4,635$3,491$2,592$1,901$1,380$308
27 years$4,416$3,285$2,407$1,740$1,245$259
28 years$4,212$3,096$2,237$1,594$1,123$217
29 years$4,023$2,920$2,082$1,462$1,014$183
30 years$3,847$2,758$1,939$1,342$916$153
31 years$3,683$2,607$1,808$1,232$828$129
32 years$3,529$2,467$1,687$1,133$749$108
33 years$3,385$2,336$1,575$1,041$678$91
34 years$3,249$2,214$1,472$958$614$77
35 years$3,122$2,100$1,376$882$556$64
36 years$3,002$1,993$1,287$812$504$54
37 years$2,888$1,893$1,205$749$457$45
38 years$2,781$1,799$1,128$690$414$38
39 years$2,680$1,711$1,057$636$375$32
40 years$2,584$1,628$991$587$341$27
41 years$2,493$1,550$929$541$309$23
42 years$2,406$1,476$871$500$280$19
43 years$2,324$1,406$818$461$254$16
44 years$2,246$1,340$768$426$231$14
45 years$2,171$1,278$721$393$210$11
46 years$2,100$1,219$677$363$190$10
47 years$2,032$1,164$636$336$173$8
48 years$1,967$1,111$598$310$157$7
49 years$1,905$1,061$562$287$143$6
50 years$1,845$1,013$528$265$129$5

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 $2,018 every year, while hoping to spend $46,849 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: 58/20/22 Blend
45$1,890,000$1,890,000$1,890,000$1,890,000
46$2,084,862$1,984,692$1,955,397$2,193,388
47$2,247,670$2,032,094$1,971,055$2,314,918
48$2,425,516$2,080,250$1,985,669$2,442,135
49$2,619,882$2,129,145$1,999,152$2,579,814
50$2,832,402$2,178,766$2,011,416$2,728,975
51$3,064,876$2,229,095$2,022,368$2,890,743
52$3,319,285$2,280,112$2,031,909$3,066,360
53$3,597,811$2,331,796$2,039,936$3,257,191
54$3,902,854$2,384,121$2,046,340$3,464,740
55$4,237,061$2,437,059$2,051,009$3,690,669
56$4,603,345$2,490,578$2,053,821$3,936,804
57$5,004,914$2,544,644$2,054,652$4,205,162
58$5,445,302$2,599,218$2,053,369$4,497,961
59$5,928,401$2,654,258$2,049,835$4,817,651
60$6,458,498$2,709,717$2,043,905$5,166,929
61$7,040,314$2,765,543$2,035,426$5,548,767
62$7,679,053$2,821,681$2,024,239$5,966,442
63$8,380,442$2,878,069$2,010,177$6,423,566
64$9,150,794$2,934,641$1,993,064$6,924,119
65$9,997,062$2,991,325$1,972,719$7,472,488
66$10,926,904$3,048,043$1,948,947$8,073,511
67$11,948,761$3,104,709$1,921,549$8,732,515
68$13,071,927$3,161,232$1,890,313$9,455,377
69$14,306,644$3,217,513$1,855,019$10,248,572
70$15,664,196$3,273,446$1,815,437$11,119,237
71$17,157,013$3,328,914$1,771,324$12,075,238
72$18,798,793$3,383,796$1,722,428$13,125,247
73$20,604,625$3,437,957$1,668,484$14,278,821
74$22,591,135$3,491,255$1,609,217$15,546,493
75$24,776,642$3,543,537$1,544,336$16,939,875
76$27,181,328$3,594,639$1,473,540$18,471,765
77$29,827,433$3,644,386$1,396,513$20,156,267
78$32,739,459$3,692,588$1,312,924$22,008,928
79$35,944,405$3,739,046$1,222,428$24,046,886
80$39,472,019$3,783,544$1,124,664$26,289,026
81$43,355,080$3,825,854$1,019,256$28,756,167
82$47,629,707$3,865,729$905,809$31,471,253
83$52,335,696$3,902,909$783,913$34,459,573
84$57,516,901$3,937,115$653,138$37,749,000
85$63,221,642$3,968,050$513,035$41,370,254
86$69,503,164$3,995,399$363,136$45,357,197
87$76,420,138$4,018,825$202,952$49,747,145
88$84,037,214$4,037,970$31,973$54,581,231
89$92,425,632$4,052,453$0$59,904,787
90$101,663,892$4,061,869$0$65,803,104
91$111,838,497$4,065,788$0$72,306,226
92$123,044,765$4,063,753$0$79,467,469
93$135,387,733$4,055,279$0$87,353,865
94$148,983,144$4,039,850$0$96,039,284
95$163,958,542$4,016,920$0$105,605,129
96$180,454,473$3,985,908$0$116,141,111
97$198,625,811$3,946,200$0$127,746,089
98$218,643,224$3,897,143$0$140,529,008
99$240,694,775$3,838,046$0$154,609,926
100$264,987,709$3,768,177$0$170,121,149