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%16.9%
1 years$158,552$157,140$155,762$154,417$153,103$148,799
2 years$78,491$77,029$75,612$74,239$72,906$68,603
3 years$51,808$50,339$48,926$47,566$46,255$42,086
4 years$38,468$37,005$35,606$34,268$32,989$28,988
5 years$30,467$29,012$27,632$26,321$25,078$21,255
6 years$25,135$23,691$22,330$21,049$19,843$16,203
7 years$21,327$19,895$18,557$17,306$16,138$12,679
8 years$18,473$17,054$15,738$14,517$13,388$10,109
9 years$16,254$14,849$13,555$12,366$11,275$8,173
10 years$14,480$13,088$11,817$10,659$9,607$6,678
11 years$13,029$11,652$10,404$9,277$8,262$5,501
12 years$11,822$10,458$9,233$8,137$7,160$4,561
13 years$10,800$9,451$8,249$7,184$6,243$3,802
14 years$9,926$8,591$7,412$6,377$5,473$3,183
15 years$9,168$7,848$6,692$5,687$4,819$2,674
16 years$8,506$7,200$6,067$5,092$4,259$2,253
17 years$7,923$6,631$5,521$4,575$3,776$1,902
18 years$7,405$6,127$5,040$4,123$3,358$1,610
19 years$6,942$5,679$4,614$3,726$2,993$1,364
20 years$6,525$5,277$4,234$3,374$2,673$1,158
21 years$6,149$4,915$3,895$3,062$2,392$984
22 years$5,808$4,588$3,590$2,784$2,144$837
23 years$5,497$4,291$3,314$2,536$1,925$713
24 years$5,212$4,021$3,065$2,313$1,730$607
25 years$4,950$3,773$2,839$2,112$1,557$518
26 years$4,709$3,546$2,633$1,931$1,402$441
27 years$4,486$3,337$2,445$1,768$1,264$377
28 years$4,279$3,145$2,273$1,620$1,141$322
29 years$4,087$2,967$2,115$1,485$1,030$275
30 years$3,908$2,802$1,970$1,363$931$234
31 years$3,741$2,649$1,837$1,252$841$200
32 years$3,585$2,506$1,714$1,151$761$171
33 years$3,438$2,373$1,600$1,058$689$146
34 years$3,301$2,249$1,495$973$624$125
35 years$3,171$2,134$1,398$896$565$107
36 years$3,049$2,025$1,308$825$512$91
37 years$2,934$1,923$1,224$760$464$78
38 years$2,825$1,828$1,146$701$421$67
39 years$2,723$1,738$1,074$646$381$57
40 years$2,625$1,654$1,006$596$346$49
41 years$2,532$1,574$944$550$314$42
42 years$2,444$1,499$885$508$285$36
43 years$2,361$1,428$831$469$258$31
44 years$2,281$1,362$780$433$235$26
45 years$2,205$1,298$732$400$213$22
46 years$2,133$1,239$688$369$193$19
47 years$2,064$1,182$646$341$176$16
48 years$1,998$1,128$607$315$159$14
49 years$1,935$1,078$571$291$145$12
50 years$1,875$1,029$536$269$132$10

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 $4,979 every year, while hoping to spend $41,292 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: 27/43/30 Blend
45$1,920,000$1,920,000$1,920,000$1,920,000
46$2,120,976$2,019,216$1,989,456$2,158,412
47$2,293,381$2,074,223$2,012,168$2,244,442
48$2,481,988$2,130,542$2,034,258$2,332,894
49$2,688,404$2,188,192$2,055,659$2,427,035
50$2,914,403$2,247,195$2,076,306$2,527,381
51$3,161,935$2,307,571$2,096,125$2,634,499
52$3,433,149$2,369,338$2,115,041$2,749,014
53$3,730,410$2,432,515$2,132,975$2,871,614
54$4,056,325$2,497,122$2,149,843$3,003,056
55$4,413,764$2,563,174$2,165,556$3,144,176
56$4,805,887$2,630,690$2,180,022$3,295,892
57$5,236,178$2,699,684$2,193,143$3,459,217
58$5,708,472$2,770,172$2,204,816$3,635,268
59$6,226,992$2,842,167$2,214,934$3,825,275
60$6,796,394$2,915,681$2,223,383$4,030,593
61$7,421,804$2,990,727$2,230,044$4,252,715
62$8,108,869$3,067,314$2,234,792$4,493,287
63$8,863,811$3,145,450$2,237,495$4,754,125
64$9,693,484$3,225,141$2,238,015$5,037,227
65$10,605,439$3,306,393$2,236,208$5,344,797
66$11,607,995$3,389,207$2,231,922$5,679,266
67$12,710,317$3,473,584$2,224,998$6,043,310
68$13,922,502$3,559,523$2,215,268$6,439,882
69$15,255,675$3,647,018$2,202,558$6,872,236
70$16,722,095$3,736,062$2,186,684$7,343,958
71$18,335,264$3,826,645$2,167,454$7,859,004
72$20,110,064$3,918,754$2,144,667$8,421,731
73$22,062,889$4,012,371$2,118,111$9,036,944
74$24,211,802$4,107,475$2,087,566$9,709,942
75$26,576,706$4,204,042$2,052,800$10,446,563
76$29,179,533$4,302,043$2,013,572$11,253,244
77$32,044,446$4,401,444$1,969,628$12,137,082
78$35,198,072$4,502,207$1,920,702$13,105,899
79$38,669,748$4,604,288$1,866,518$14,168,319
80$42,491,801$4,707,636$1,806,785$15,333,849
81$46,699,852$4,812,198$1,741,200$16,612,969
82$51,333,151$4,917,911$1,669,445$18,017,230
83$56,434,950$5,024,705$1,591,188$19,559,368
84$62,052,905$5,132,506$1,506,084$21,253,421
85$68,239,532$5,241,230$1,413,768$23,114,866
86$75,052,698$5,350,783$1,313,863$25,160,759
87$82,556,168$5,461,066$1,205,971$27,409,907
88$90,820,206$5,571,968$1,089,681$29,883,039
89$99,922,241$5,683,368$964,559$32,603,003
90$109,947,592$5,795,135$830,154$35,594,987
91$120,990,277$5,907,128$685,995$38,886,756
92$133,153,899$6,019,191$531,590$42,508,912
93$146,552,623$6,131,157$366,424$46,495,192
94$161,312,253$6,242,847$189,962$50,882,778
95$177,571,420$6,354,063$1,642$55,712,657
96$195,482,890$6,464,597$0$61,030,008
97$215,215,003$6,574,221$0$66,948,433
98$236,953,268$6,682,692$0$73,463,724
99$260,902,105$6,789,748$0$80,636,058
100$287,286,780$6,895,107$0$88,532,334