Can I retire at age 46 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$160,203$158,776$157,384$156,025$154,698$151,389
2 years$79,309$77,832$76,400$75,012$73,666$70,348
3 years$52,347$50,864$49,436$48,061$46,737$43,514
4 years$38,869$37,390$35,977$34,625$33,333$30,230
5 years$30,784$29,314$27,919$26,596$25,339$22,365
6 years$25,396$23,937$22,563$21,269$20,050$17,207
7 years$21,549$20,103$18,750$17,486$16,306$13,595
8 years$18,665$17,232$15,901$14,669$13,527$10,948
9 years$16,423$15,003$13,696$12,494$11,392$8,942
10 years$14,631$13,225$11,940$10,770$9,707$7,384
11 years$13,165$11,773$10,512$9,373$8,348$6,149
12 years$11,945$10,567$9,329$8,222$7,234$5,156
13 years$10,913$9,549$8,335$7,259$6,308$4,347
14 years$10,029$8,680$7,489$6,443$5,530$3,682
15 years$9,264$7,929$6,762$5,746$4,869$3,130
16 years$8,595$7,275$6,130$5,145$4,303$2,669
17 years$8,005$6,700$5,578$4,623$3,816$2,282
18 years$7,482$6,191$5,092$4,166$3,393$1,955
19 years$7,014$5,738$4,662$3,765$3,024$1,678
20 years$6,593$5,332$4,278$3,409$2,701$1,443
21 years$6,213$4,967$3,935$3,094$2,417$1,242
22 years$5,868$4,636$3,627$2,813$2,167$1,071
23 years$5,554$4,336$3,349$2,562$1,945$924
24 years$5,266$4,063$3,097$2,337$1,748$798
25 years$5,002$3,813$2,869$2,134$1,573$689
26 years$4,758$3,583$2,660$1,951$1,417$596
27 years$4,533$3,372$2,470$1,786$1,277$516
28 years$4,324$3,178$2,297$1,637$1,153$446
29 years$4,130$2,998$2,137$1,501$1,041$386
30 years$3,949$2,831$1,991$1,377$940$335
31 years$3,780$2,676$1,856$1,265$850$290
32 years$3,622$2,532$1,732$1,163$769$251
33 years$3,474$2,398$1,617$1,069$696$218
34 years$3,335$2,273$1,511$984$630$189
35 years$3,204$2,156$1,412$905$571$164
36 years$3,081$2,046$1,321$834$517$142
37 years$2,965$1,943$1,237$768$469$123
38 years$2,855$1,847$1,158$708$425$107
39 years$2,751$1,756$1,085$653$385$93
40 years$2,652$1,671$1,017$602$350$80
41 years$2,559$1,591$954$556$317$70
42 years$2,470$1,515$894$513$288$61
43 years$2,385$1,443$839$473$261$53
44 years$2,305$1,376$788$437$237$46
45 years$2,228$1,312$740$404$215$40
46 years$2,155$1,251$695$373$195$34
47 years$2,086$1,194$653$345$177$30
48 years$2,019$1,140$613$318$161$26
49 years$1,955$1,089$577$294$146$22
50 years$1,894$1,040$542$272$133$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,940,000, adding $5,120 every year, while hoping to spend $23,035 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: 63/25/12 Blend
45$1,940,000$1,940,000$1,940,000$1,940,000
46$2,143,161$2,040,341$2,010,271$2,271,879
47$2,337,255$2,115,809$2,053,106$2,434,133
48$2,550,374$2,194,202$2,096,604$2,608,109
49$2,784,434$2,275,641$2,140,763$2,797,506
50$3,041,548$2,360,248$2,185,580$3,003,822
51$3,324,039$2,448,154$2,231,050$3,228,705
52$3,634,471$2,539,494$2,277,170$3,473,970
53$3,975,665$2,634,407$2,323,934$3,741,610
54$4,350,732$2,733,042$2,371,334$4,033,824
55$4,763,095$2,835,550$2,419,363$4,353,028
56$5,216,531$2,942,091$2,468,011$4,701,884
57$5,715,196$3,052,833$2,517,268$5,083,320
58$6,263,672$3,167,948$2,567,123$5,500,562
59$6,867,007$3,287,618$2,617,562$5,957,160
60$7,530,762$3,412,031$2,668,571$6,457,022
61$8,261,064$3,541,385$2,720,133$7,004,453
62$9,064,666$3,675,886$2,772,230$7,604,191
63$9,949,005$3,815,748$2,824,844$8,261,455
64$10,922,280$3,961,196$2,877,951$8,981,993
65$11,993,520$4,112,462$2,931,530$9,772,132
66$13,172,677$4,269,791$2,985,555$10,638,842
67$14,470,717$4,433,437$3,039,998$11,589,799
68$15,899,721$4,603,667$3,094,829$12,633,458
69$17,473,003$4,780,756$3,150,016$13,779,130
70$19,205,232$4,964,996$3,205,524$15,037,071
71$21,112,573$5,156,688$3,261,316$16,418,579
72$23,212,837$5,356,148$3,317,352$17,936,098
73$25,525,652$5,563,705$3,373,590$19,603,334
74$28,072,645$5,779,704$3,429,981$21,435,388
75$30,877,648$6,004,502$3,486,479$23,448,893
76$33,966,921$6,238,476$3,543,029$25,662,173
77$37,369,403$6,482,016$3,599,576$28,095,414
78$41,116,980$6,735,533$3,656,059$30,770,854
79$45,244,790$6,999,453$3,712,416$33,712,993
80$49,791,554$7,274,222$3,768,578$36,948,821
81$54,799,940$7,560,306$3,824,472$40,508,073
82$60,316,965$7,858,192$3,880,023$44,423,512
83$66,394,441$8,168,389$3,935,149$48,731,230
84$73,089,462$8,491,427$3,989,764$53,470,995
85$80,464,942$8,827,862$4,043,777$58,686,620
86$88,590,212$9,178,274$4,097,090$64,426,380
87$97,541,673$9,543,268$4,149,601$70,743,461
88$107,403,512$9,923,477$4,201,201$77,696,467
89$118,268,506$10,319,563$4,251,777$85,349,965
90$130,238,890$10,732,217$4,301,207$93,775,101
91$143,427,322$11,162,162$4,349,364$103,050,263
92$157,957,953$11,610,152$4,396,111$113,261,826
93$173,967,591$12,076,976$4,441,308$124,504,958
94$191,606,997$12,563,460$4,484,804$136,884,525
95$211,042,306$13,070,464$4,526,439$150,516,075
96$232,456,595$13,598,891$4,566,049$165,526,928
97$256,051,613$14,149,682$4,603,457$182,057,373
98$282,049,682$14,723,821$4,638,478$200,261,997
99$310,695,800$15,322,339$4,670,917$220,311,138
100$342,259,950$15,946,311$4,700,571$242,392,491