Can I retire at age 46 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$159,378$157,958$156,573$155,221$153,901$151,103
2 years$78,900$77,430$76,006$74,625$73,286$70,477
3 years$52,077$50,602$49,181$47,813$46,496$43,763
4 years$38,669$37,198$35,791$34,447$33,161$30,526
5 years$30,626$29,163$27,775$26,458$25,209$22,679
6 years$25,265$23,814$22,447$21,159$19,947$17,525
7 years$21,438$19,999$18,653$17,396$16,222$13,909
8 years$18,569$17,143$15,819$14,593$13,458$11,253
9 years$16,339$14,926$13,625$12,430$11,333$9,235
10 years$14,555$13,156$11,879$10,715$9,657$7,663
11 years$13,097$11,712$10,458$9,325$8,305$6,414
12 years$11,883$10,512$9,281$8,179$7,197$5,406
13 years$10,857$9,500$8,292$7,221$6,276$4,582
14 years$9,977$8,635$7,451$6,410$5,501$3,902
15 years$9,216$7,889$6,727$5,717$4,844$3,336
16 years$8,551$7,238$6,099$5,119$4,281$2,861
17 years$7,964$6,666$5,550$4,599$3,796$2,460
18 years$7,443$6,159$5,066$4,145$3,375$2,120
19 years$6,978$5,708$4,638$3,745$3,008$1,831
20 years$6,559$5,305$4,256$3,392$2,687$1,584
21 years$6,181$4,941$3,915$3,078$2,405$1,372
22 years$5,838$4,612$3,608$2,799$2,155$1,190
23 years$5,525$4,314$3,332$2,549$1,935$1,033
24 years$5,239$4,042$3,081$2,325$1,739$897
25 years$4,976$3,793$2,854$2,123$1,565$780
26 years$4,733$3,565$2,647$1,941$1,410$679
27 years$4,509$3,355$2,458$1,777$1,271$591
28 years$4,302$3,161$2,285$1,628$1,147$515
29 years$4,108$2,982$2,126$1,493$1,035$449
30 years$3,929$2,816$1,980$1,370$936$391
31 years$3,761$2,662$1,846$1,258$846$341
32 years$3,604$2,519$1,723$1,157$765$298
33 years$3,456$2,386$1,608$1,064$692$260
34 years$3,318$2,261$1,503$979$627$227
35 years$3,188$2,145$1,405$901$568$198
36 years$3,065$2,036$1,314$830$515$173
37 years$2,950$1,933$1,230$764$466$151
38 years$2,840$1,837$1,152$705$423$132
39 years$2,737$1,747$1,079$650$383$115
40 years$2,639$1,662$1,012$599$348$101
41 years$2,546$1,582$949$553$315$88
42 years$2,457$1,507$890$510$286$77
43 years$2,373$1,436$835$471$260$67
44 years$2,293$1,369$784$435$236$59
45 years$2,217$1,305$736$402$214$51
46 years$2,144$1,245$691$371$194$45
47 years$2,075$1,188$649$343$176$39
48 years$2,008$1,134$610$317$160$34
49 years$1,945$1,083$574$293$146$30
50 years$1,884$1,035$539$271$132$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,930,000, adding $3,688 every year, while hoping to spend $24,253 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: 57/31/12 Blend
45$1,930,000$1,930,000$1,930,000$1,930,000
46$2,130,664$2,028,374$1,998,459$2,245,517
47$2,322,187$2,101,960$2,039,603$2,397,142
48$2,532,432$2,178,338$2,081,311$2,559,279
49$2,763,284$2,257,620$2,123,579$2,735,375
50$3,016,818$2,339,922$2,166,398$2,926,770
51$3,295,320$2,425,365$2,209,759$3,134,940
52$3,601,309$2,514,074$2,253,652$3,361,507
53$3,937,560$2,606,181$2,298,067$3,608,253
54$4,307,129$2,701,822$2,342,990$3,877,143
55$4,713,384$2,801,140$2,388,408$4,170,336
56$5,160,036$2,904,282$2,434,307$4,490,210
57$5,651,171$3,011,404$2,480,668$4,839,379
58$6,191,294$3,122,666$2,527,473$5,220,724
59$6,785,366$3,238,237$2,574,704$5,637,413
60$7,438,854$3,358,291$2,622,337$6,092,934
61$8,157,782$3,483,011$2,670,350$6,591,128
62$8,948,785$3,612,588$2,718,716$7,136,221
63$9,819,176$3,747,220$2,767,408$7,732,868
64$10,777,012$3,887,114$2,816,396$8,386,194
65$11,831,170$4,032,485$2,865,648$9,101,841
66$12,991,431$4,183,559$2,915,129$9,886,022
67$14,268,574$4,340,571$2,964,803$10,745,579
68$15,674,474$4,503,764$3,014,629$11,688,046
69$17,222,217$4,673,395$3,064,566$12,721,721
70$18,926,221$4,849,729$3,114,567$13,855,742
71$20,802,375$5,033,045$3,164,584$15,100,173
72$22,868,185$5,223,633$3,214,566$16,466,099
73$25,142,943$5,421,794$3,264,457$17,965,730
74$27,647,906$5,627,844$3,314,199$19,612,513
75$30,406,497$5,842,113$3,363,729$21,421,260
76$33,444,527$6,064,944$3,412,982$23,408,289
77$36,790,439$6,296,696$3,461,886$25,591,573
78$40,475,572$6,537,742$3,510,368$27,990,910
79$44,534,462$6,788,474$3,558,347$30,628,112
80$49,005,167$7,049,299$3,605,741$33,527,205
81$53,929,621$7,320,642$3,652,461$36,714,659
82$59,354,037$7,602,947$3,698,412$40,219,634
83$65,329,336$7,896,679$3,743,497$44,074,254
84$71,911,633$8,202,321$3,787,608$48,313,913
85$79,162,763$8,520,378$3,830,637$52,977,602
86$87,150,867$8,851,379$3,872,466$58,108,280
87$95,951,033$9,195,875$3,912,971$63,753,277
88$105,646,006$9,554,440$3,952,023$69,964,739
89$116,326,967$9,927,676$3,989,484$76,800,121
90$128,094,395$10,316,209$4,025,210$84,322,722
91$141,059,017$10,720,697$4,059,047$92,602,290
92$155,342,848$11,141,823$4,090,837$101,715,671
93$171,080,348$11,580,302$4,120,410$111,747,534
94$188,419,688$12,036,881$4,147,588$122,791,175
95$207,524,149$12,512,340$4,172,184$134,949,386
96$228,573,662$13,007,496$4,194,003$148,335,432
97$251,766,511$13,523,198$4,212,837$163,074,112
98$277,321,198$14,060,337$4,228,470$179,302,940
99$305,478,509$14,619,843$4,240,673$197,173,439
100$336,503,789$15,202,687$4,249,207$216,852,567