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

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$161,029$159,595$158,195$156,829$155,496$154,193
2 years$79,717$78,233$76,794$75,399$74,046$72,732
3 years$52,617$51,126$49,691$48,309$46,978$45,695
4 years$39,070$37,583$36,162$34,804$33,505$32,262
5 years$30,943$29,466$28,063$26,733$25,470$24,271
6 years$25,527$24,061$22,679$21,378$20,153$19,001
7 years$21,660$20,206$18,847$17,576$16,390$15,283
8 years$18,761$17,320$15,983$14,744$13,597$12,536
9 years$16,508$15,081$13,767$12,559$11,451$10,436
10 years$14,706$13,293$12,002$10,826$9,757$8,787
11 years$13,233$11,834$10,566$9,422$8,391$7,465
12 years$12,006$10,621$9,377$8,264$7,271$6,389
13 years$10,969$9,599$8,378$7,296$6,341$5,501
14 years$10,081$8,725$7,528$6,477$5,558$4,760
15 years$9,312$7,970$6,797$5,776$4,894$4,136
16 years$8,639$7,313$6,162$5,172$4,325$3,607
17 years$8,047$6,735$5,607$4,647$3,835$3,154
18 years$7,520$6,223$5,119$4,188$3,410$2,766
19 years$7,050$5,768$4,686$3,784$3,039$2,431
20 years$6,627$5,359$4,300$3,427$2,715$2,140
21 years$6,245$4,992$3,956$3,110$2,430$1,887
22 years$5,899$4,660$3,646$2,828$2,178$1,667
23 years$5,583$4,358$3,366$2,575$1,955$1,474
24 years$5,293$4,084$3,113$2,349$1,757$1,305
25 years$5,027$3,832$2,883$2,145$1,581$1,156
26 years$4,782$3,602$2,674$1,961$1,424$1,026
27 years$4,556$3,390$2,483$1,795$1,284$910
28 years$4,346$3,194$2,308$1,645$1,159$809
29 years$4,151$3,013$2,148$1,508$1,046$719
30 years$3,969$2,846$2,001$1,384$945$639
31 years$3,800$2,690$1,865$1,271$855$568
32 years$3,641$2,545$1,741$1,169$773$506
33 years$3,492$2,410$1,625$1,075$700$450
34 years$3,352$2,285$1,518$989$633$401
35 years$3,221$2,167$1,420$910$574$357
36 years$3,097$2,057$1,328$838$520$318
37 years$2,980$1,953$1,243$772$471$284
38 years$2,870$1,856$1,164$712$427$253
39 years$2,765$1,765$1,091$656$387$225
40 years$2,666$1,679$1,022$605$351$201
41 years$2,572$1,599$958$559$319$179
42 years$2,483$1,523$899$515$289$160
43 years$2,398$1,451$844$476$262$143
44 years$2,317$1,383$792$439$238$127
45 years$2,240$1,319$744$406$216$114
46 years$2,166$1,258$698$375$196$101
47 years$2,096$1,200$656$346$178$90
48 years$2,029$1,146$617$320$162$81
49 years$1,965$1,094$580$296$147$72
50 years$1,904$1,045$545$273$134$64

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 $4,435 every year, while hoping to spend $22,780 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: 65/11/24 Blend
45$1,950,000$1,950,000$1,950,000$1,950,000
46$2,153,475$2,050,125$2,019,900$2,279,749
47$2,348,891$2,126,343$2,063,329$2,441,590
48$2,563,477$2,205,533$2,107,449$2,615,440
49$2,799,163$2,287,815$2,152,260$2,804,934
50$3,058,076$2,373,317$2,197,759$3,011,610
51$3,342,561$2,462,170$2,243,945$3,237,162
52$3,655,199$2,554,513$2,290,814$3,483,454
53$3,998,834$2,650,489$2,338,361$3,752,540
54$4,376,601$2,750,249$2,386,582$4,046,679
55$4,791,951$2,853,948$2,435,469$4,368,362
56$5,248,688$2,961,750$2,485,016$4,720,330
57$5,751,004$3,073,824$2,535,213$5,105,602
58$6,303,514$3,190,350$2,586,050$5,527,503
59$6,911,306$3,311,511$2,637,517$5,989,697
60$7,579,986$3,437,501$2,689,600$6,496,218
61$8,315,728$3,568,522$2,742,285$7,051,507
62$9,125,337$3,704,785$2,795,557$7,660,461
63$10,016,311$3,846,509$2,849,397$8,328,471
64$10,996,910$3,993,923$2,903,787$9,061,475
65$12,076,237$4,147,267$2,958,706$9,866,016
66$13,264,320$4,306,790$3,014,130$10,749,301
67$14,572,212$4,472,754$3,070,034$11,719,271
68$16,012,089$4,645,430$3,126,392$12,784,672
69$17,597,369$4,825,104$3,183,173$13,955,142
70$19,342,837$5,012,070$3,240,346$15,241,296
71$21,264,785$5,206,640$3,297,876$16,654,833
72$23,381,164$5,409,137$3,355,726$18,208,639
73$25,711,757$5,619,898$3,413,856$19,916,912
74$28,278,359$5,839,276$3,472,224$21,795,298
75$31,104,991$6,067,640$3,530,783$23,861,031
76$34,218,121$6,305,375$3,589,484$26,133,103
77$37,646,912$6,552,882$3,648,275$28,632,438
78$41,423,505$6,810,580$3,707,100$31,382,093
79$45,583,313$7,078,909$3,765,898$34,407,469
80$50,165,361$7,358,326$3,824,607$37,736,559
81$55,212,654$7,649,311$3,883,157$41,400,204
82$60,772,580$7,952,361$3,941,478$45,432,388
83$66,897,357$8,268,001$3,999,491$49,870,557
84$73,644,529$8,596,775$4,057,116$54,755,973
85$81,077,508$8,939,254$4,114,266$60,134,102
86$89,266,170$9,296,033$4,170,850$66,055,042
87$98,287,516$9,667,736$4,226,770$72,573,997
88$108,226,399$10,055,012$4,281,924$79,751,798
89$119,176,326$10,458,541$4,336,202$87,655,474
90$131,240,336$10,879,035$4,389,490$96,358,887
91$144,531,978$11,317,235$4,441,666$105,943,427
92$159,176,380$11,773,919$4,492,601$116,498,780
93$175,311,427$12,249,898$4,542,160$128,123,777
94$193,089,070$12,746,020$4,590,200$140,927,319
95$212,676,752$13,263,172$4,636,569$155,029,413
96$234,258,995$13,802,282$4,681,108$170,562,298
97$258,039,137$14,364,318$4,723,649$187,671,698
98$284,241,254$14,950,294$4,764,016$206,518,189
99$313,112,273$15,561,270$4,802,022$227,278,724
100$344,924,306$16,198,354$4,837,471$250,148,295