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%15.8%
1 years$161,029$159,595$158,195$156,829$155,496$151,798
2 years$79,717$78,233$76,794$75,399$74,046$70,342
3 years$52,617$51,126$49,691$48,309$46,978$43,384
4 years$39,070$37,583$36,162$34,804$33,505$30,048
5 years$30,943$29,466$28,063$26,733$25,470$22,160
6 years$25,527$24,061$22,679$21,378$20,153$16,994
7 years$21,660$20,206$18,847$17,576$16,390$13,382
8 years$18,761$17,320$15,983$14,744$13,597$10,739
9 years$16,508$15,081$13,767$12,559$11,451$8,739
10 years$14,706$13,293$12,002$10,826$9,757$7,190
11 years$13,233$11,834$10,566$9,422$8,391$5,965
12 years$12,006$10,621$9,377$8,264$7,271$4,982
13 years$10,969$9,599$8,378$7,296$6,341$4,183
14 years$10,081$8,725$7,528$6,477$5,558$3,529
15 years$9,312$7,970$6,797$5,776$4,894$2,987
16 years$8,639$7,313$6,162$5,172$4,325$2,537
17 years$8,047$6,735$5,607$4,647$3,835$2,159
18 years$7,520$6,223$5,119$4,188$3,410$1,842
19 years$7,050$5,768$4,686$3,784$3,039$1,574
20 years$6,627$5,359$4,300$3,427$2,715$1,347
21 years$6,245$4,992$3,956$3,110$2,430$1,155
22 years$5,899$4,660$3,646$2,828$2,178$991
23 years$5,583$4,358$3,366$2,575$1,955$851
24 years$5,293$4,084$3,113$2,349$1,757$731
25 years$5,027$3,832$2,883$2,145$1,581$629
26 years$4,782$3,602$2,674$1,961$1,424$541
27 years$4,556$3,390$2,483$1,795$1,284$466
28 years$4,346$3,194$2,308$1,645$1,159$401
29 years$4,151$3,013$2,148$1,508$1,046$346
30 years$3,969$2,846$2,001$1,384$945$298
31 years$3,800$2,690$1,865$1,271$855$257
32 years$3,641$2,545$1,741$1,169$773$221
33 years$3,492$2,410$1,625$1,075$700$191
34 years$3,352$2,285$1,518$989$633$165
35 years$3,221$2,167$1,420$910$574$142
36 years$3,097$2,057$1,328$838$520$123
37 years$2,980$1,953$1,243$772$471$106
38 years$2,870$1,856$1,164$712$427$91
39 years$2,765$1,765$1,091$656$387$79
40 years$2,666$1,679$1,022$605$351$68
41 years$2,572$1,599$958$559$319$59
42 years$2,483$1,523$899$515$289$51
43 years$2,398$1,451$844$476$262$44
44 years$2,317$1,383$792$439$238$38
45 years$2,240$1,319$744$406$216$33
46 years$2,166$1,258$698$375$196$28
47 years$2,096$1,200$656$346$178$24
48 years$2,029$1,146$617$320$162$21
49 years$1,965$1,094$580$296$147$18
50 years$1,904$1,045$545$273$134$16

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 $5,552 every year, while hoping to spend $42,653 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: 50/36/14 Blend
45$1,950,000$1,950,000$1,950,000$1,950,000
46$2,154,627$2,051,277$2,021,052$2,253,850
47$2,329,016$2,106,407$2,043,375$2,377,735
48$2,519,764$2,162,809$2,065,016$2,507,373
49$2,728,493$2,220,500$2,085,907$2,647,300
50$2,956,992$2,279,497$2,105,977$2,798,498
51$3,207,229$2,339,816$2,125,151$2,962,047
52$3,481,371$2,401,472$2,143,349$3,139,135
53$3,781,807$2,464,480$2,160,487$3,331,071
54$4,111,165$2,528,853$2,176,477$3,539,297
55$4,472,341$2,594,604$2,191,226$3,765,400
56$4,868,526$2,661,745$2,204,638$4,011,128
57$5,303,231$2,730,287$2,216,609$4,278,405
58$5,780,327$2,800,237$2,227,032$4,569,352
59$6,304,076$2,871,604$2,235,793$4,886,304
60$6,879,173$2,944,394$2,242,774$5,231,833
61$7,510,791$3,018,612$2,247,849$5,608,773
62$8,204,627$3,094,259$2,250,887$6,020,245
63$8,966,958$3,171,337$2,251,750$6,469,689
64$9,804,698$3,249,843$2,250,295$6,960,893
65$10,725,466$3,329,774$2,246,369$7,498,031
66$11,737,654$3,411,124$2,239,813$8,085,702
67$12,850,509$3,493,882$2,230,460$8,728,973
68$14,074,216$3,578,038$2,218,136$9,433,428
69$15,419,999$3,663,575$2,202,657$10,205,219
70$16,900,224$3,750,476$2,183,831$11,051,123
71$18,528,515$3,838,717$2,161,457$11,978,611
72$20,319,882$3,928,273$2,135,324$12,995,914
73$22,290,865$4,019,112$2,105,212$14,112,101
74$24,459,686$4,111,202$2,070,890$15,337,166
75$26,846,424$4,204,500$2,032,114$16,682,124
76$29,473,202$4,298,964$1,988,633$18,159,111
77$32,364,398$4,394,543$1,940,182$19,781,501
78$35,546,871$4,491,180$1,886,483$21,564,034
79$39,050,217$4,588,813$1,827,245$23,522,951
80$42,907,049$4,687,374$1,762,167$25,676,153
81$47,153,298$4,786,786$1,690,930$28,043,363
82$51,828,562$4,886,966$1,613,204$30,646,319
83$56,976,470$4,987,822$1,528,641$33,508,979
84$62,645,098$5,089,253$1,436,878$36,657,741
85$68,887,423$5,191,152$1,337,539$40,121,699
86$75,761,820$5,293,397$1,230,226$43,932,918
87$83,332,613$5,395,861$1,114,526$48,126,730
88$91,670,684$5,498,403$990,007$52,742,077
89$100,854,140$5,600,872$856,219$57,821,873
90$110,969,050$5,703,102$712,689$63,413,413
91$122,110,256$5,804,916$558,927$69,568,817
92$134,382,269$5,906,124$394,418$76,345,524
93$147,900,255$6,006,520$218,627$83,806,836
94$162,791,123$6,105,881$30,992$92,022,514
95$179,194,718$6,203,969$0$101,069,441
96$197,265,145$6,300,530$0$111,057,624
97$217,172,221$6,395,287$0$122,061,741
98$239,103,080$6,487,948$0$134,180,156
99$263,263,933$6,578,196$0$147,526,371
100$289,882,022$6,665,696$0$162,225,470