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

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$161,855$160,413$159,007$157,634$156,293$153,263
2 years$80,126$78,634$77,188$75,785$74,425$71,385
3 years$52,887$51,388$49,946$48,556$47,218$44,262
4 years$39,270$37,776$36,348$34,982$33,677$30,828
5 years$31,102$29,617$28,207$26,870$25,600$22,867
6 years$25,658$24,184$22,796$21,488$20,257$17,641
7 years$21,771$20,310$18,943$17,666$16,474$13,978
8 years$18,858$17,409$16,065$14,820$13,667$11,289
9 years$16,593$15,158$13,837$12,623$11,510$9,248
10 years$14,782$13,361$12,064$10,881$9,807$7,660
11 years$13,301$11,894$10,621$9,470$8,434$6,399
12 years$12,068$10,676$9,425$8,307$7,309$5,383
13 years$11,025$9,648$8,421$7,333$6,373$4,554
14 years$10,132$8,770$7,566$6,510$5,587$3,870
15 years$9,359$8,011$6,831$5,806$4,919$3,301
16 years$8,684$7,350$6,194$5,198$4,348$2,825
17 years$8,088$6,769$5,636$4,671$3,855$2,424
18 years$7,559$6,255$5,145$4,209$3,428$2,085
19 years$7,086$5,797$4,710$3,803$3,055$1,796
20 years$6,661$5,387$4,323$3,445$2,729$1,550
21 years$6,278$5,018$3,976$3,126$2,442$1,340
22 years$5,929$4,684$3,664$2,842$2,189$1,159
23 years$5,611$4,381$3,383$2,589$1,965$1,004
24 years$5,320$4,104$3,129$2,361$1,766$870
25 years$5,053$3,852$2,898$2,156$1,589$755
26 years$4,807$3,620$2,688$1,972$1,431$655
27 years$4,579$3,407$2,496$1,805$1,291$569
28 years$4,368$3,210$2,320$1,653$1,165$495
29 years$4,172$3,029$2,159$1,516$1,052$430
30 years$3,990$2,860$2,011$1,392$950$374
31 years$3,819$2,704$1,875$1,278$859$325
32 years$3,660$2,558$1,749$1,174$777$283
33 years$3,510$2,423$1,633$1,080$703$247
34 years$3,370$2,296$1,526$994$637$215
35 years$3,237$2,178$1,427$915$577$187
36 years$3,113$2,067$1,335$843$522$163
37 years$2,995$1,963$1,249$776$474$142
38 years$2,884$1,866$1,170$715$429$124
39 years$2,779$1,774$1,096$660$389$108
40 years$2,680$1,688$1,027$608$353$94
41 years$2,585$1,607$963$561$320$82
42 years$2,495$1,530$904$518$291$71
43 years$2,410$1,458$848$478$264$62
44 years$2,329$1,390$796$442$239$54
45 years$2,251$1,325$747$408$217$47
46 years$2,178$1,264$702$377$197$41
47 years$2,107$1,207$660$348$179$36
48 years$2,040$1,152$620$322$163$31
49 years$1,975$1,100$583$297$148$27
50 years$1,914$1,051$548$275$134$24

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 $5,787 every year, while hoping to spend $43,899 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: 27/43/30 Blend
45$1,960,000$1,960,000$1,960,000$1,960,000
46$2,165,889$2,062,009$2,031,629$2,204,106
47$2,340,102$2,116,340$2,052,981$2,290,158
48$2,530,613$2,171,861$2,073,576$2,378,358
49$2,739,038$2,228,585$2,093,344$2,472,178
50$2,967,157$2,286,523$2,112,208$2,572,127
51$3,216,930$2,345,685$2,130,090$2,678,770
52$3,490,514$2,406,080$2,146,905$2,792,725
53$3,790,285$2,467,717$2,162,565$2,914,678
54$4,118,861$2,530,602$2,176,977$3,045,381
55$4,479,123$2,594,740$2,190,045$3,185,663
56$4,874,247$2,660,135$2,201,664$3,336,439
57$5,307,728$2,726,790$2,211,728$3,498,717
58$5,783,418$2,794,704$2,220,122$3,673,608
59$6,305,558$2,863,877$2,226,729$3,862,337
60$6,878,823$2,934,304$2,231,421$4,066,254
61$7,508,358$3,005,981$2,234,069$4,286,847
62$8,199,835$3,078,898$2,234,535$4,525,758
63$8,959,499$3,153,045$2,232,673$4,784,794
64$9,794,233$3,228,409$2,228,333$5,065,951
65$10,711,617$3,304,973$2,221,354$5,371,428
66$11,720,002$3,382,718$2,211,570$5,703,648
67$12,828,591$3,461,619$2,198,806$6,065,286
68$14,047,520$3,541,651$2,182,878$6,459,288
69$15,387,957$3,622,783$2,163,595$6,888,905
70$16,862,209$3,704,979$2,140,756$7,357,719
71$18,483,831$3,788,200$2,114,148$7,869,682
72$20,267,762$3,872,402$2,083,552$8,429,149
73$22,230,459$3,957,535$2,048,736$9,040,923
74$24,390,055$4,043,544$2,009,458$9,710,301
75$26,766,532$4,130,368$1,965,466$10,443,121
76$29,381,902$4,217,940$1,916,494$11,245,821
77$32,260,424$4,306,187$1,862,264$12,125,501
78$35,428,825$4,395,027$1,802,487$13,089,985
79$38,916,554$4,484,373$1,736,859$14,147,902
80$42,756,062$4,574,127$1,665,063$15,308,767
81$46,983,105$4,664,184$1,586,768$16,583,069
82$51,637,084$4,754,431$1,501,627$17,982,371
83$56,761,412$4,844,744$1,409,277$19,519,423
84$62,403,928$4,934,988$1,309,340$21,208,282
85$68,617,345$5,025,019$1,201,419$23,064,444
86$75,459,750$5,114,681$1,085,102$25,104,993
87$82,995,149$5,203,804$959,957$27,348,764
88$91,294,070$5,292,207$825,532$29,816,521
89$100,434,235$5,379,694$681,357$32,531,155
90$110,501,283$5,466,056$526,939$35,517,900
91$121,589,588$5,551,066$361,765$38,804,575
92$133,803,140$5,634,482$185,298$42,421,846
93$147,256,534$5,716,046$0$46,403,521
94$162,076,047$5,795,479$0$50,787,831
95$178,400,830$5,872,483$0$55,678,252
96$196,384,220$5,946,741$0$61,060,887
97$216,195,192$6,017,912$0$66,985,856
98$238,019,946$6,085,634$0$73,508,397
99$262,063,669$6,149,519$0$80,689,384
100$288,552,471$6,209,153$0$88,595,906