Can I retire at age 46 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$161,855$160,413$159,007$157,634$156,293$152,888
2 years$80,126$78,634$77,188$75,785$74,425$71,011
3 years$52,887$51,388$49,946$48,556$47,218$43,903
4 years$39,270$37,776$36,348$34,982$33,677$30,485
5 years$31,102$29,617$28,207$26,870$25,600$22,541
6 years$25,658$24,184$22,796$21,488$20,257$17,334
7 years$21,771$20,310$18,943$17,666$16,474$13,688
8 years$18,858$17,409$16,065$14,820$13,667$11,016
9 years$16,593$15,158$13,837$12,623$11,510$8,992
10 years$14,782$13,361$12,064$10,881$9,807$7,420
11 years$13,301$11,894$10,621$9,470$8,434$6,176
12 years$12,068$10,676$9,425$8,307$7,309$5,175
13 years$11,025$9,648$8,421$7,333$6,373$4,360
14 years$10,132$8,770$7,566$6,510$5,587$3,690
15 years$9,359$8,011$6,831$5,806$4,919$3,135
16 years$8,684$7,350$6,194$5,198$4,348$2,672
17 years$8,088$6,769$5,636$4,671$3,855$2,282
18 years$7,559$6,255$5,145$4,209$3,428$1,954
19 years$7,086$5,797$4,710$3,803$3,055$1,676
20 years$6,661$5,387$4,323$3,445$2,729$1,440
21 years$6,278$5,018$3,976$3,126$2,442$1,239
22 years$5,929$4,684$3,664$2,842$2,189$1,067
23 years$5,611$4,381$3,383$2,589$1,965$920
24 years$5,320$4,104$3,129$2,361$1,766$794
25 years$5,053$3,852$2,898$2,156$1,589$685
26 years$4,807$3,620$2,688$1,972$1,431$592
27 years$4,579$3,407$2,496$1,805$1,291$512
28 years$4,368$3,210$2,320$1,653$1,165$443
29 years$4,172$3,029$2,159$1,516$1,052$383
30 years$3,990$2,860$2,011$1,392$950$331
31 years$3,819$2,704$1,875$1,278$859$287
32 years$3,660$2,558$1,749$1,174$777$248
33 years$3,510$2,423$1,633$1,080$703$215
34 years$3,370$2,296$1,526$994$637$186
35 years$3,237$2,178$1,427$915$577$161
36 years$3,113$2,067$1,335$843$522$140
37 years$2,995$1,963$1,249$776$474$121
38 years$2,884$1,866$1,170$715$429$105
39 years$2,779$1,774$1,096$660$389$91
40 years$2,680$1,688$1,027$608$353$79
41 years$2,585$1,607$963$561$320$68
42 years$2,495$1,530$904$518$291$59
43 years$2,410$1,458$848$478$264$51
44 years$2,329$1,390$796$442$239$45
45 years$2,251$1,325$747$408$217$39
46 years$2,178$1,264$702$377$197$34
47 years$2,107$1,207$660$348$179$29
48 years$2,040$1,152$620$322$163$25
49 years$1,975$1,100$583$297$148$22
50 years$1,914$1,051$548$275$134$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,960,000, adding $3,762 every year, while hoping to spend $45,968 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: 33/42/25 Blend
45$1,960,000$1,960,000$1,960,000$1,960,000
46$2,163,801$2,059,921$2,029,541$2,218,587
47$2,335,599$2,111,947$2,048,621$2,312,220
48$2,523,379$2,164,982$2,066,799$2,408,668
49$2,728,725$2,219,027$2,083,997$2,511,698
50$2,953,376$2,274,081$2,100,133$2,621,922
51$3,199,251$2,330,141$2,115,118$2,740,013
52$3,468,461$2,387,204$2,128,860$2,866,715
53$3,763,331$2,445,264$2,141,264$3,002,845
54$4,086,422$2,504,314$2,152,228$3,149,306
55$4,440,554$2,564,342$2,161,645$3,307,090
56$4,828,834$2,625,338$2,169,403$3,477,293
57$5,254,681$2,687,286$2,175,384$3,661,122
58$5,721,863$2,750,168$2,179,465$3,859,908
59$6,234,531$2,813,964$2,181,515$4,075,118
60$6,797,257$2,878,651$2,181,398$4,308,369
61$7,415,074$2,944,202$2,178,972$4,561,442
62$8,093,530$3,010,587$2,174,087$4,836,304
63$8,838,736$3,077,771$2,166,584$5,135,121
64$9,657,422$3,145,717$2,156,300$5,460,281
65$10,557,004$3,214,382$2,143,061$5,814,418
66$11,545,650$3,283,719$2,126,685$6,200,435
67$12,632,362$3,353,676$2,106,984$6,621,534
68$13,827,053$3,424,197$2,083,759$7,081,244
69$15,140,648$3,495,218$2,056,800$7,583,455
70$16,585,181$3,566,670$2,025,890$8,132,460
71$18,173,912$3,638,480$1,990,800$8,732,986
72$19,921,451$3,710,566$1,951,292$9,390,251
73$21,843,894$3,782,838$1,907,115$10,110,003
74$23,958,975$3,855,201$1,858,007$10,898,583
75$26,286,235$3,927,551$1,803,695$11,762,980
76$28,847,204$3,999,774$1,743,892$12,710,900
77$31,665,605$4,071,748$1,678,298$13,750,840
78$34,767,576$4,143,344$1,606,600$14,892,166
79$38,181,918$4,214,417$1,528,471$16,145,205
80$41,940,368$4,284,817$1,443,569$17,521,343
81$46,077,891$4,354,380$1,351,535$19,033,132
82$50,633,020$4,422,928$1,251,995$20,694,409
83$55,648,210$4,490,274$1,144,559$22,520,431
84$61,170,244$4,556,214$1,028,818$24,528,016
85$67,250,672$4,620,531$904,346$26,735,705
86$73,946,297$4,682,994$770,699$29,163,938
87$81,319,712$4,743,353$627,409$31,835,248
88$89,439,888$4,801,342$473,993$34,774,475
89$98,382,827$4,856,679$309,942$38,009,002
90$108,232,279$4,909,059$134,728$41,569,015
91$119,080,528$4,958,160$0$45,487,790
92$131,029,268$5,003,636$0$49,815,948
93$144,190,559$5,045,119$0$54,619,242
94$158,687,885$5,082,220$0$59,906,429
95$174,657,320$5,114,519$0$65,726,809
96$192,248,811$5,141,575$0$72,134,714
97$211,627,592$5,162,914$0$79,190,025
98$232,975,744$5,178,035$0$86,958,734
99$256,493,915$5,186,404$0$95,513,572
100$282,403,211$5,187,454$0$104,934,697