Can I retire at age 46 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$158,552$157,140$155,762$154,417$153,103$149,645
2 years$78,491$77,029$75,612$74,239$72,906$69,441
3 years$51,808$50,339$48,926$47,566$46,255$42,890
4 years$38,468$37,005$35,606$34,268$32,989$29,752
5 years$30,467$29,012$27,632$26,321$25,078$21,976
6 years$25,135$23,691$22,330$21,049$19,843$16,881
7 years$21,327$19,895$18,557$17,306$16,138$13,315
8 years$18,473$17,054$15,738$14,517$13,388$10,703
9 years$16,254$14,849$13,555$12,366$11,275$8,727
10 years$14,480$13,088$11,817$10,659$9,607$7,192
11 years$13,029$11,652$10,404$9,277$8,262$5,978
12 years$11,822$10,458$9,233$8,137$7,160$5,003
13 years$10,800$9,451$8,249$7,184$6,243$4,210
14 years$9,926$8,591$7,412$6,377$5,473$3,558
15 years$9,168$7,848$6,692$5,687$4,819$3,019
16 years$8,506$7,200$6,067$5,092$4,259$2,569
17 years$7,923$6,631$5,521$4,575$3,776$2,191
18 years$7,405$6,127$5,040$4,123$3,358$1,873
19 years$6,942$5,679$4,614$3,726$2,993$1,605
20 years$6,525$5,277$4,234$3,374$2,673$1,377
21 years$6,149$4,915$3,895$3,062$2,392$1,182
22 years$5,808$4,588$3,590$2,784$2,144$1,017
23 years$5,497$4,291$3,314$2,536$1,925$875
24 years$5,212$4,021$3,065$2,313$1,730$754
25 years$4,950$3,773$2,839$2,112$1,557$650
26 years$4,709$3,546$2,633$1,931$1,402$561
27 years$4,486$3,337$2,445$1,768$1,264$484
28 years$4,279$3,145$2,273$1,620$1,141$418
29 years$4,087$2,967$2,115$1,485$1,030$361
30 years$3,908$2,802$1,970$1,363$931$312
31 years$3,741$2,649$1,837$1,252$841$269
32 years$3,585$2,506$1,714$1,151$761$233
33 years$3,438$2,373$1,600$1,058$689$201
34 years$3,301$2,249$1,495$973$624$174
35 years$3,171$2,134$1,398$896$565$151
36 years$3,049$2,025$1,308$825$512$130
37 years$2,934$1,923$1,224$760$464$113
38 years$2,825$1,828$1,146$701$421$98
39 years$2,723$1,738$1,074$646$381$84
40 years$2,625$1,654$1,006$596$346$73
41 years$2,532$1,574$944$550$314$63
42 years$2,444$1,499$885$508$285$55
43 years$2,361$1,428$831$469$258$47
44 years$2,281$1,362$780$433$235$41
45 years$2,205$1,298$732$400$213$35
46 years$2,133$1,239$688$369$193$31
47 years$2,064$1,182$646$341$176$27
48 years$1,998$1,128$607$315$159$23
49 years$1,935$1,078$571$291$145$20
50 years$1,875$1,029$536$269$132$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,920,000, adding $4,105 every year, while hoping to spend $22,528 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: 53/33/14 Blend
45$1,920,000$1,920,000$1,920,000$1,920,000
46$2,120,074$2,018,314$1,988,554$2,224,337
47$2,312,352$2,093,242$2,031,201$2,370,860
48$2,523,488$2,171,086$2,074,522$2,527,448
49$2,755,380$2,251,966$2,118,515$2,697,309
50$3,010,122$2,336,006$2,163,178$2,881,708
51$3,290,019$2,423,334$2,208,509$3,082,036
52$3,597,610$2,514,087$2,254,504$3,299,823
53$3,935,694$2,608,406$2,301,158$3,536,751
54$4,307,354$2,706,436$2,348,465$3,794,671
55$4,715,984$2,808,332$2,396,419$4,075,618
56$5,165,328$2,914,253$2,445,012$4,381,831
57$5,659,506$3,024,366$2,494,235$4,715,775
58$6,203,060$3,138,845$2,544,077$5,080,162
59$6,800,995$3,257,871$2,594,526$5,477,974
60$7,458,824$3,381,635$2,645,570$5,912,497
61$8,182,622$3,510,332$2,697,194$6,387,343
62$8,979,082$3,644,171$2,749,382$6,906,493
63$9,855,578$3,783,365$2,802,116$7,474,324
64$10,820,236$3,928,139$2,855,377$8,095,658
65$11,882,010$4,078,728$2,909,142$8,775,802
66$13,050,766$4,235,377$2,963,389$9,520,601
67$14,337,374$4,398,340$3,018,093$10,336,487
68$15,753,812$4,567,884$3,073,224$11,230,545
69$17,313,278$4,744,288$3,128,755$12,210,576
70$19,030,316$4,927,842$3,184,652$13,285,170
71$20,920,951$5,118,849$3,240,881$14,463,786
72$23,002,842$5,317,626$3,297,404$15,756,843
73$25,295,446$5,524,504$3,354,181$17,175,814
74$27,820,204$5,739,827$3,411,168$18,733,335
75$30,600,743$5,963,957$3,468,321$20,443,324
76$33,663,098$6,197,270$3,525,589$22,321,110
77$37,035,958$6,440,160$3,582,919$24,383,577
78$40,750,934$6,693,036$3,640,256$26,649,324
79$44,842,863$6,956,329$3,697,538$29,138,837
80$49,350,132$7,230,486$3,754,703$31,874,681
81$54,315,041$7,515,975$3,811,681$34,881,715
82$59,784,204$7,813,287$3,868,401$38,187,324
83$65,808,986$8,122,931$3,924,785$41,821,673
84$72,445,989$8,445,441$3,980,752$45,817,995
85$79,757,588$8,781,376$4,036,216$50,212,902
86$87,812,517$9,131,318$4,091,084$55,046,725
87$96,686,517$9,495,876$4,145,259$60,363,901
88$106,463,055$9,875,687$4,198,638$66,213,384
89$117,234,107$10,271,416$4,251,112$72,649,108
90$129,101,028$10,683,758$4,302,567$79,730,496
91$142,175,511$11,113,439$4,352,881$87,523,016
92$156,580,635$11,561,220$4,401,924$96,098,798
93$172,452,033$12,027,893$4,449,562$105,537,316
94$189,939,169$12,514,289$4,495,652$115,926,133
95$209,206,750$13,021,275$4,540,041$127,361,725
96$230,436,278$13,549,757$4,582,572$139,950,393
97$253,827,767$14,100,683$4,623,077$153,809,259
98$279,601,628$14,675,045$4,661,379$169,067,376
99$308,000,751$15,273,879$4,697,291$185,866,937
100$339,292,796$15,898,268$4,730,620$204,364,620