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%14.1%
1 years$161,855$160,413$159,007$157,634$156,293$153,641
2 years$80,126$78,634$77,188$75,785$74,425$71,761
3 years$52,887$51,388$49,946$48,556$47,218$44,626
4 years$39,270$37,776$36,348$34,982$33,677$31,175
5 years$31,102$29,617$28,207$26,870$25,600$23,197
6 years$25,658$24,184$22,796$21,488$20,257$17,955
7 years$21,771$20,310$18,943$17,666$16,474$14,274
8 years$18,858$17,409$16,065$14,820$13,667$11,568
9 years$16,593$15,158$13,837$12,623$11,510$9,511
10 years$14,782$13,361$12,064$10,881$9,807$7,907
11 years$13,301$11,894$10,621$9,470$8,434$6,631
12 years$12,068$10,676$9,425$8,307$7,309$5,599
13 years$11,025$9,648$8,421$7,333$6,373$4,756
14 years$10,132$8,770$7,566$6,510$5,587$4,058
15 years$9,359$8,011$6,831$5,806$4,919$3,476
16 years$8,684$7,350$6,194$5,198$4,348$2,987
17 years$8,088$6,769$5,636$4,671$3,855$2,574
18 years$7,559$6,255$5,145$4,209$3,428$2,223
19 years$7,086$5,797$4,710$3,803$3,055$1,924
20 years$6,661$5,387$4,323$3,445$2,729$1,668
21 years$6,278$5,018$3,976$3,126$2,442$1,448
22 years$5,929$4,684$3,664$2,842$2,189$1,259
23 years$5,611$4,381$3,383$2,589$1,965$1,095
24 years$5,320$4,104$3,129$2,361$1,766$954
25 years$5,053$3,852$2,898$2,156$1,589$832
26 years$4,807$3,620$2,688$1,972$1,431$725
27 years$4,579$3,407$2,496$1,805$1,291$633
28 years$4,368$3,210$2,320$1,653$1,165$553
29 years$4,172$3,029$2,159$1,516$1,052$483
30 years$3,990$2,860$2,011$1,392$950$422
31 years$3,819$2,704$1,875$1,278$859$369
32 years$3,660$2,558$1,749$1,174$777$323
33 years$3,510$2,423$1,633$1,080$703$282
34 years$3,370$2,296$1,526$994$637$247
35 years$3,237$2,178$1,427$915$577$216
36 years$3,113$2,067$1,335$843$522$189
37 years$2,995$1,963$1,249$776$474$166
38 years$2,884$1,866$1,170$715$429$145
39 years$2,779$1,774$1,096$660$389$127
40 years$2,680$1,688$1,027$608$353$111
41 years$2,585$1,607$963$561$320$97
42 years$2,495$1,530$904$518$291$85
43 years$2,410$1,458$848$478$264$75
44 years$2,329$1,390$796$442$239$66
45 years$2,251$1,325$747$408$217$57
46 years$2,178$1,264$702$377$197$50
47 years$2,107$1,207$660$348$179$44
48 years$2,040$1,152$620$322$163$39
49 years$1,975$1,100$583$297$148$34
50 years$1,914$1,051$548$275$134$30

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 $6,658 every year, while hoping to spend $51,396 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: 28/50/22 Blend
45$1,960,000$1,960,000$1,960,000$1,960,000
46$2,166,788$2,062,908$2,032,528$2,212,300
47$2,333,115$2,109,305$2,045,932$2,294,725
48$2,514,685$2,156,254$2,058,064$2,378,237
49$2,712,999$2,203,726$2,068,824$2,466,882
50$2,929,708$2,251,691$2,078,113$2,561,130
51$3,166,630$2,300,116$2,085,822$2,661,501
52$3,425,769$2,348,964$2,091,839$2,768,567
53$3,709,328$2,398,194$2,096,047$2,882,962
54$4,019,735$2,447,761$2,098,320$3,005,381
55$4,359,663$2,497,617$2,098,529$3,136,596
56$4,732,057$2,547,708$2,096,538$3,277,455
57$5,140,157$2,597,977$2,092,202$3,428,896
58$5,587,535$2,648,360$2,085,373$3,591,954
59$6,078,123$2,698,788$2,075,892$3,767,770
60$6,616,251$2,749,188$2,063,594$3,957,604
61$7,206,690$2,799,480$2,048,306$4,162,848
62$7,854,695$2,849,577$2,029,846$4,385,036
63$8,566,053$2,899,386$2,008,026$4,625,862
64$9,347,141$2,948,806$1,982,645$4,887,195
65$10,204,981$2,997,729$1,953,495$5,171,099
66$11,147,310$3,046,039$1,920,358$5,479,850
67$12,182,652$3,093,611$1,883,007$5,815,962
68$13,320,395$3,140,311$1,841,200$6,182,206
69$14,570,885$3,185,995$1,794,690$6,581,643
70$15,945,516$3,230,510$1,743,213$7,017,649
71$17,456,844$3,273,691$1,686,496$7,493,949
72$19,118,702$3,315,361$1,624,253$8,014,655
73$20,946,329$3,355,333$1,556,185$8,584,303
74$22,956,515$3,393,405$1,481,978$9,207,895
75$25,167,761$3,429,364$1,401,306$9,890,956
76$27,600,449$3,462,979$1,313,826$10,639,575
77$30,277,037$3,494,007$1,219,181$11,460,474
78$33,222,269$3,522,188$1,116,998$12,361,066
79$36,463,410$3,547,244$1,006,887$13,349,530
80$40,030,499$3,568,880$888,439$14,434,889
81$43,956,638$3,586,784$761,230$15,627,095
82$48,278,299$3,600,620$624,815$16,937,126
83$53,035,669$3,610,033$478,729$18,377,090
84$58,273,029$3,614,647$322,489$19,960,343
85$64,039,174$3,614,060$155,588$21,701,617
86$70,387,867$3,607,847$0$23,617,157
87$77,378,353$3,595,555$0$25,730,169
88$85,075,913$3,576,705$0$28,094,447
89$93,552,480$3,550,788$0$30,695,357
90$102,887,321$3,517,264$0$33,557,074
91$113,167,778$3,475,560$0$36,706,248
92$124,490,099$3,425,071$0$40,172,256
93$136,960,343$3,365,153$0$43,987,486
94$150,695,377$3,295,124$0$48,187,640
95$165,823,984$3,214,264$0$52,812,077
96$182,488,077$3,121,809$0$57,904,182
97$200,844,033$3,016,950$0$63,511,783
98$221,064,175$2,898,832$0$69,687,601
99$243,338,394$2,766,548$0$76,489,753
100$267,875,943$2,619,141$0$83,982,302