Can I retire at age 46 with 1,950,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$161,029$159,595$158,195$156,829$155,496$154,064
2 years$79,717$78,233$76,794$75,399$74,046$72,603
3 years$52,617$51,126$49,691$48,309$46,978$45,569
4 years$39,070$37,583$36,162$34,804$33,505$32,141
5 years$30,943$29,466$28,063$26,733$25,470$24,155
6 years$25,527$24,061$22,679$21,378$20,153$18,889
7 years$21,660$20,206$18,847$17,576$16,390$15,177
8 years$18,761$17,320$15,983$14,744$13,597$12,435
9 years$16,508$15,081$13,767$12,559$11,451$10,339
10 years$14,706$13,293$12,002$10,826$9,757$8,695
11 years$13,233$11,834$10,566$9,422$8,391$7,378
12 years$12,006$10,621$9,377$8,264$7,271$6,307
13 years$10,969$9,599$8,378$7,296$6,341$5,423
14 years$10,081$8,725$7,528$6,477$5,558$4,686
15 years$9,312$7,970$6,797$5,776$4,894$4,067
16 years$8,639$7,313$6,162$5,172$4,325$3,541
17 years$8,047$6,735$5,607$4,647$3,835$3,093
18 years$7,520$6,223$5,119$4,188$3,410$2,708
19 years$7,050$5,768$4,686$3,784$3,039$2,376
20 years$6,627$5,359$4,300$3,427$2,715$2,089
21 years$6,245$4,992$3,956$3,110$2,430$1,840
22 years$5,899$4,660$3,646$2,828$2,178$1,622
23 years$5,583$4,358$3,366$2,575$1,955$1,433
24 years$5,293$4,084$3,113$2,349$1,757$1,266
25 years$5,027$3,832$2,883$2,145$1,581$1,120
26 years$4,782$3,602$2,674$1,961$1,424$992
27 years$4,556$3,390$2,483$1,795$1,284$879
28 years$4,346$3,194$2,308$1,645$1,159$780
29 years$4,151$3,013$2,148$1,508$1,046$692
30 years$3,969$2,846$2,001$1,384$945$614
31 years$3,800$2,690$1,865$1,271$855$545
32 years$3,641$2,545$1,741$1,169$773$485
33 years$3,492$2,410$1,625$1,075$700$431
34 years$3,352$2,285$1,518$989$633$383
35 years$3,221$2,167$1,420$910$574$340
36 years$3,097$2,057$1,328$838$520$303
37 years$2,980$1,953$1,243$772$471$269
38 years$2,870$1,856$1,164$712$427$240
39 years$2,765$1,765$1,091$656$387$213
40 years$2,666$1,679$1,022$605$351$190
41 years$2,572$1,599$958$559$319$169
42 years$2,483$1,523$899$515$289$151
43 years$2,398$1,451$844$476$262$134
44 years$2,317$1,383$792$439$238$119
45 years$2,240$1,319$744$406$216$106
46 years$2,166$1,258$698$375$196$95
47 years$2,096$1,200$656$346$178$84
48 years$2,029$1,146$617$320$162$75
49 years$1,965$1,094$580$296$147$67
50 years$1,904$1,045$545$273$134$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,950,000, adding $5,132 every year, while hoping to spend $46,773 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: 59/35/6 Blend
45$1,950,000$1,950,000$1,950,000$1,950,000
46$2,154,194$2,050,844$2,020,619$2,278,459
47$2,324,155$2,101,569$2,038,543$2,413,069
48$2,509,885$2,153,212$2,055,501$2,553,964
49$2,712,943$2,205,769$2,071,409$2,706,398
50$2,935,044$2,259,233$2,086,183$2,871,482
51$3,178,080$2,313,596$2,099,731$3,050,435
52$3,444,130$2,368,848$2,111,958$3,244,600
53$3,735,487$2,424,977$2,122,764$3,455,458
54$4,054,674$2,481,968$2,132,044$3,684,636
55$4,404,470$2,539,804$2,139,687$3,933,930
56$4,787,936$2,598,465$2,145,577$4,205,314
57$5,208,444$2,657,928$2,149,592$4,500,965
58$5,669,706$2,718,167$2,151,603$4,823,279
59$6,175,811$2,779,153$2,151,478$5,174,897
60$6,731,265$2,840,852$2,149,073$5,558,726
61$7,341,029$2,903,229$2,144,242$5,977,971
62$8,010,569$2,966,242$2,136,829$6,436,160
63$8,745,906$3,029,847$2,126,672$6,937,181
64$9,553,672$3,093,993$2,113,599$7,485,320
65$10,441,174$3,158,627$2,097,432$8,085,295
66$11,416,463$3,223,688$2,077,985$8,742,306
67$12,488,404$3,289,111$2,055,060$9,462,084
68$13,666,769$3,354,825$2,028,452$10,250,941
69$14,962,320$3,420,752$1,997,945$11,115,834
70$16,386,916$3,486,808$1,963,316$12,064,429
71$17,953,621$3,552,901$1,924,327$13,105,172
72$19,676,831$3,618,934$1,880,732$14,247,371
73$21,572,404$3,684,798$1,832,273$15,501,282
74$23,657,814$3,750,378$1,778,679$16,878,207
75$25,952,314$3,815,550$1,719,668$18,390,601
76$28,477,118$3,880,179$1,654,945$20,052,189
77$31,255,598$3,944,122$1,584,199$21,878,097
78$34,313,508$4,007,224$1,507,109$23,884,992
79$37,679,225$4,069,317$1,423,337$26,091,242
80$41,384,016$4,130,223$1,332,529$28,517,089
81$45,462,334$4,189,752$1,234,316$31,184,841
82$49,952,139$4,247,697$1,128,313$34,119,082
83$54,895,264$4,303,841$1,014,118$37,346,902
84$60,337,799$4,357,947$891,309$40,898,160
85$66,330,534$4,409,766$759,448$44,805,757
86$72,929,434$4,459,030$618,075$49,105,955
87$80,196,167$4,505,454$466,711$53,838,714
88$88,198,687$4,548,732$304,857$59,048,075
89$97,011,873$4,588,539$131,989$64,782,572
90$106,718,237$4,624,531$0$71,095,691
91$117,408,701$4,656,337$0$78,049,739
92$129,183,457$4,683,565$0$85,715,553
93$142,152,908$4,705,798$0$94,156,303
94$156,438,714$4,722,592$0$103,450,928
95$172,174,939$4,733,475$0$113,686,419
96$189,509,311$4,737,944$0$124,958,642
97$208,604,625$4,735,467$0$137,373,248
98$229,640,269$4,725,478$0$151,046,664
99$252,813,925$4,707,375$0$166,107,197
100$278,343,430$4,680,521$0$182,696,248