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%14.3%
1 years$160,203$158,776$157,384$156,025$154,698$151,948
2 years$79,309$77,832$76,400$75,012$73,666$70,904
3 years$52,347$50,864$49,436$48,061$46,737$44,050
4 years$38,869$37,390$35,977$34,625$33,333$30,742
5 years$30,784$29,314$27,919$26,596$25,339$22,851
6 years$25,396$23,937$22,563$21,269$20,050$17,668
7 years$21,549$20,103$18,750$17,486$16,306$14,030
8 years$18,665$17,232$15,901$14,669$13,527$11,357
9 years$16,423$15,003$13,696$12,494$11,392$9,326
10 years$14,631$13,225$11,940$10,770$9,707$7,744
11 years$13,165$11,773$10,512$9,373$8,348$6,486
12 years$11,945$10,567$9,329$8,222$7,234$5,470
13 years$10,913$9,549$8,335$7,259$6,308$4,640
14 years$10,029$8,680$7,489$6,443$5,530$3,954
15 years$9,264$7,929$6,762$5,746$4,869$3,382
16 years$8,595$7,275$6,130$5,145$4,303$2,902
17 years$8,005$6,700$5,578$4,623$3,816$2,497
18 years$7,482$6,191$5,092$4,166$3,393$2,154
19 years$7,014$5,738$4,662$3,765$3,024$1,861
20 years$6,593$5,332$4,278$3,409$2,701$1,611
21 years$6,213$4,967$3,935$3,094$2,417$1,397
22 years$5,868$4,636$3,627$2,813$2,167$1,212
23 years$5,554$4,336$3,349$2,562$1,945$1,053
24 years$5,266$4,063$3,097$2,337$1,748$916
25 years$5,002$3,813$2,869$2,134$1,573$797
26 years$4,758$3,583$2,660$1,951$1,417$694
27 years$4,533$3,372$2,470$1,786$1,277$605
28 years$4,324$3,178$2,297$1,637$1,153$527
29 years$4,130$2,998$2,137$1,501$1,041$460
30 years$3,949$2,831$1,991$1,377$940$401
31 years$3,780$2,676$1,856$1,265$850$350
32 years$3,622$2,532$1,732$1,163$769$306
33 years$3,474$2,398$1,617$1,069$696$267
34 years$3,335$2,273$1,511$984$630$233
35 years$3,204$2,156$1,412$905$571$204
36 years$3,081$2,046$1,321$834$517$178
37 years$2,965$1,943$1,237$768$469$156
38 years$2,855$1,847$1,158$708$425$136
39 years$2,751$1,756$1,085$653$385$119
40 years$2,652$1,671$1,017$602$350$104
41 years$2,559$1,591$954$556$317$91
42 years$2,470$1,515$894$513$288$80
43 years$2,385$1,443$839$473$261$70
44 years$2,305$1,376$788$437$237$61
45 years$2,228$1,312$740$404$215$53
46 years$2,155$1,251$695$373$195$47
47 years$2,086$1,194$653$345$177$41
48 years$2,019$1,140$613$318$161$36
49 years$1,955$1,089$577$294$146$31
50 years$1,894$1,040$542$272$133$27

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 $6,012 every year, while hoping to spend $35,056 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: 66/17/17 Blend
45$1,940,000$1,940,000$1,940,000$1,940,000
46$2,144,081$2,041,261$2,011,191$2,276,303
47$2,325,478$2,103,984$2,041,267$2,428,245
48$2,524,203$2,168,605$2,071,175$2,589,655
49$2,741,985$2,235,180$2,100,873$2,765,242
50$2,980,732$2,303,768$2,130,316$2,956,393
51$3,242,541$2,374,427$2,159,456$3,164,637
52$3,529,724$2,447,218$2,188,242$3,391,657
53$3,844,828$2,522,203$2,216,620$3,639,308
54$4,190,657$2,599,448$2,244,534$3,909,631
55$4,570,301$2,679,018$2,271,923$4,204,875
56$4,987,163$2,760,981$2,298,723$4,527,514
57$5,444,992$2,845,408$2,324,869$4,880,278
58$5,947,917$2,932,368$2,350,288$5,266,169
59$6,500,487$3,021,938$2,374,906$5,688,498
60$7,107,716$3,114,191$2,398,644$6,150,908
61$7,775,123$3,209,207$2,421,418$6,657,415
62$8,508,792$3,307,064$2,443,142$7,212,443
63$9,315,424$3,407,846$2,463,723$7,820,863
64$10,202,403$3,511,636$2,483,064$8,488,044
65$11,177,863$3,618,522$2,501,061$9,219,901
66$12,250,767$3,728,591$2,517,609$10,022,948
67$13,430,989$3,841,936$2,532,592$10,904,365
68$14,729,409$3,958,650$2,545,893$11,872,060
69$16,158,014$4,078,829$2,557,386$12,934,747
70$17,730,013$4,202,572$2,566,939$14,102,028
71$19,459,957$4,329,982$2,574,415$15,384,481
72$21,363,883$4,461,161$2,579,668$16,793,761
73$23,459,458$4,596,216$2,582,546$18,342,712
74$25,766,150$4,735,258$2,582,888$20,045,485
75$28,305,410$4,878,399$2,580,528$21,917,672
76$31,100,875$5,025,753$2,575,288$23,976,454
77$34,178,588$5,177,440$2,566,985$26,240,763
78$37,567,250$5,333,580$2,555,425$28,731,460
79$41,298,482$5,494,298$2,540,404$31,471,532
80$45,407,130$5,659,721$2,521,710$34,486,307
81$49,931,591$5,829,981$2,499,121$37,803,697
82$54,914,174$6,005,211$2,472,402$41,454,458
83$60,401,501$6,185,548$2,441,309$45,472,481
84$66,444,947$6,371,133$2,405,587$49,895,111
85$73,101,124$6,562,110$2,364,966$54,763,503
86$80,432,412$6,758,627$2,319,166$60,123,004
87$88,507,554$6,960,836$2,267,893$66,023,588
88$97,402,298$7,168,890$2,210,841$72,520,322
89$107,200,115$7,382,948$2,147,687$79,673,888
90$117,992,987$7,603,173$2,078,095$87,551,158
91$129,882,274$7,829,731$2,001,713$96,225,818
92$142,979,669$8,062,790$1,918,173$105,779,074
93$157,408,254$8,302,526$1,827,091$116,300,408
94$173,303,662$8,549,116$1,728,065$127,888,430
95$190,815,354$8,802,741$1,620,674$140,651,805
96$210,108,032$9,063,588$1,504,478$154,710,281
97$231,363,194$9,331,846$1,379,020$170,195,818
98$254,780,842$9,607,708$1,243,820$187,253,833
99$280,581,376$9,891,374$1,098,376$206,044,575
100$309,007,670$10,183,046$942,166$226,744,635