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%19.3%
1 years$160,203$158,776$157,384$156,025$154,698$148,914
2 years$79,309$77,832$76,400$75,012$73,666$67,904
3 years$52,347$50,864$49,436$48,061$46,737$41,179
4 years$38,869$37,390$35,977$34,625$33,333$28,022
5 years$30,784$29,314$27,919$26,596$25,339$20,288
6 years$25,396$23,937$22,563$21,269$20,050$15,263
7 years$21,549$20,103$18,750$17,486$16,306$11,782
8 years$18,665$17,232$15,901$14,669$13,527$9,261
9 years$16,423$15,003$13,696$12,494$11,392$7,379
10 years$14,631$13,225$11,940$10,770$9,707$5,938
11 years$13,165$11,773$10,512$9,373$8,348$4,817
12 years$11,945$10,567$9,329$8,222$7,234$3,931
13 years$10,913$9,549$8,335$7,259$6,308$3,224
14 years$10,029$8,680$7,489$6,443$5,530$2,654
15 years$9,264$7,929$6,762$5,746$4,869$2,192
16 years$8,595$7,275$6,130$5,145$4,303$1,815
17 years$8,005$6,700$5,578$4,623$3,816$1,506
18 years$7,482$6,191$5,092$4,166$3,393$1,252
19 years$7,014$5,738$4,662$3,765$3,024$1,042
20 years$6,593$5,332$4,278$3,409$2,701$868
21 years$6,213$4,967$3,935$3,094$2,417$724
22 years$5,868$4,636$3,627$2,813$2,167$605
23 years$5,554$4,336$3,349$2,562$1,945$505
24 years$5,266$4,063$3,097$2,337$1,748$422
25 years$5,002$3,813$2,869$2,134$1,573$353
26 years$4,758$3,583$2,660$1,951$1,417$295
27 years$4,533$3,372$2,470$1,786$1,277$247
28 years$4,324$3,178$2,297$1,637$1,153$207
29 years$4,130$2,998$2,137$1,501$1,041$173
30 years$3,949$2,831$1,991$1,377$940$145
31 years$3,780$2,676$1,856$1,265$850$121
32 years$3,622$2,532$1,732$1,163$769$102
33 years$3,474$2,398$1,617$1,069$696$85
34 years$3,335$2,273$1,511$984$630$71
35 years$3,204$2,156$1,412$905$571$60
36 years$3,081$2,046$1,321$834$517$50
37 years$2,965$1,943$1,237$768$469$42
38 years$2,855$1,847$1,158$708$425$35
39 years$2,751$1,756$1,085$653$385$30
40 years$2,652$1,671$1,017$602$350$25
41 years$2,559$1,591$954$556$317$21
42 years$2,470$1,515$894$513$288$17
43 years$2,385$1,443$839$473$261$15
44 years$2,305$1,376$788$437$237$12
45 years$2,228$1,312$740$404$215$10
46 years$2,155$1,251$695$373$195$9
47 years$2,086$1,194$653$345$177$7
48 years$2,019$1,140$613$318$161$6
49 years$1,955$1,089$577$294$146$5
50 years$1,894$1,040$542$272$133$4

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 $6,652 every year, while hoping to spend $23,296 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: 39/46/15 Blend
45$1,940,000$1,940,000$1,940,000$1,940,000
46$2,144,742$2,041,922$2,011,852$2,218,501
47$2,338,718$2,117,189$2,054,462$2,346,925
48$2,551,700$2,195,364$2,097,719$2,482,941
49$2,785,601$2,276,564$2,141,619$2,629,509
50$3,042,528$2,360,911$2,186,160$2,787,593
51$3,324,806$2,448,536$2,231,336$2,958,254
52$3,634,991$2,539,569$2,277,141$3,142,653
53$3,975,904$2,634,152$2,323,569$3,342,070
54$4,350,650$2,732,429$2,370,612$3,557,906
55$4,762,649$2,834,551$2,418,260$3,791,706
56$5,215,672$2,940,676$2,466,505$4,045,162
57$5,713,871$3,050,970$2,515,333$4,320,138
58$6,261,821$3,165,603$2,564,732$4,618,681
59$6,864,564$3,284,755$2,614,688$4,943,042
60$7,527,654$3,408,613$2,665,185$5,295,696
61$8,257,211$3,537,371$2,716,205$5,679,364
62$9,059,978$3,671,233$2,767,728$6,097,039
63$9,943,383$3,810,411$2,819,735$6,552,014
64$10,915,613$3,955,126$2,872,201$7,047,910
65$11,985,688$4,105,609$2,925,102$7,588,711
66$13,163,546$4,262,102$2,978,411$8,178,801
67$14,460,137$4,424,855$3,032,098$8,823,002
68$15,887,530$4,594,131$3,086,131$9,526,624
69$17,459,019$4,770,205$3,140,478$10,295,507
70$19,189,255$4,953,361$3,195,100$11,136,080
71$21,094,382$5,143,898$3,249,958$12,055,419
72$23,192,188$5,342,128$3,305,011$13,061,313
73$25,502,275$5,548,377$3,360,213$14,162,337
74$28,046,242$5,762,982$3,415,515$15,367,930
75$30,847,889$5,986,299$3,470,866$16,688,484
76$33,933,445$6,218,698$3,526,210$18,135,441
77$37,331,807$6,460,566$3,581,490$19,721,399
78$41,074,823$6,712,305$3,636,641$21,460,229
79$45,197,584$6,974,338$3,691,598$23,367,208
80$49,738,761$7,247,103$3,746,289$25,459,156
81$54,740,965$7,531,061$3,800,640$27,754,596
82$60,251,152$7,826,692$3,854,571$30,273,930
83$66,321,067$8,134,497$3,907,996$33,039,624
84$73,007,728$8,455,000$3,960,826$36,076,423
85$80,373,969$8,788,748$4,012,967$39,411,582
86$88,489,029$9,136,312$4,064,317$43,075,117
87$97,429,209$9,498,290$4,114,770$47,100,094
88$107,278,587$9,875,305$4,164,213$51,522,931
89$118,129,817$10,268,009$4,212,528$56,383,746
90$130,085,000$10,677,083$4,259,590$61,726,728
91$143,256,649$11,103,239$4,305,265$67,600,557
92$157,768,750$11,547,221$4,349,414$74,058,857
93$173,757,933$12,009,805$4,391,890$81,160,700
94$191,374,760$12,491,804$4,432,537$88,971,165
95$210,785,150$12,994,067$4,471,191$97,561,942
96$232,171,940$13,517,480$4,507,681$107,012,015
97$255,736,614$14,062,973$4,541,824$117,408,395
98$281,701,203$14,631,513$4,573,430$128,846,948
99$310,310,384$15,224,115$4,602,297$141,433,286
100$341,833,783$15,841,837$4,628,214$155,283,770