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%18.1%
1 years$161,855$160,413$159,007$157,634$156,293$151,169
2 years$80,126$78,634$77,188$75,785$74,425$69,312
3 years$52,887$51,388$49,946$48,556$47,218$42,276
4 years$39,270$37,776$36,348$34,982$33,677$28,943
5 years$31,102$29,617$28,207$26,870$25,600$21,088
6 years$25,658$24,184$22,796$21,488$20,257$15,970
7 years$21,771$20,310$18,943$17,666$16,474$12,412
8 years$18,858$17,409$16,065$14,820$13,667$9,827
9 years$16,593$15,158$13,837$12,623$11,510$7,887
10 years$14,782$13,361$12,064$10,881$9,807$6,395
11 years$13,301$11,894$10,621$9,470$8,434$5,228
12 years$12,068$10,676$9,425$8,307$7,309$4,301
13 years$11,025$9,648$8,421$7,333$6,373$3,556
14 years$10,132$8,770$7,566$6,510$5,587$2,952
15 years$9,359$8,011$6,831$5,806$4,919$2,459
16 years$8,684$7,350$6,194$5,198$4,348$2,054
17 years$8,088$6,769$5,636$4,671$3,855$1,719
18 years$7,559$6,255$5,145$4,209$3,428$1,442
19 years$7,086$5,797$4,710$3,803$3,055$1,211
20 years$6,661$5,387$4,323$3,445$2,729$1,019
21 years$6,278$5,018$3,976$3,126$2,442$858
22 years$5,929$4,684$3,664$2,842$2,189$723
23 years$5,611$4,381$3,383$2,589$1,965$609
24 years$5,320$4,104$3,129$2,361$1,766$514
25 years$5,053$3,852$2,898$2,156$1,589$434
26 years$4,807$3,620$2,688$1,972$1,431$367
27 years$4,579$3,407$2,496$1,805$1,291$310
28 years$4,368$3,210$2,320$1,653$1,165$262
29 years$4,172$3,029$2,159$1,516$1,052$222
30 years$3,990$2,860$2,011$1,392$950$187
31 years$3,819$2,704$1,875$1,278$859$158
32 years$3,660$2,558$1,749$1,174$777$134
33 years$3,510$2,423$1,633$1,080$703$113
34 years$3,370$2,296$1,526$994$637$96
35 years$3,237$2,178$1,427$915$577$81
36 years$3,113$2,067$1,335$843$522$69
37 years$2,995$1,963$1,249$776$474$58
38 years$2,884$1,866$1,170$715$429$49
39 years$2,779$1,774$1,096$660$389$42
40 years$2,680$1,688$1,027$608$353$35
41 years$2,585$1,607$963$561$320$30
42 years$2,495$1,530$904$518$291$25
43 years$2,410$1,458$848$478$264$21
44 years$2,329$1,390$796$442$239$18
45 years$2,251$1,325$747$408$217$15
46 years$2,178$1,264$702$377$197$13
47 years$2,107$1,207$660$348$179$11
48 years$2,040$1,152$620$322$163$9
49 years$1,975$1,100$583$297$148$8
50 years$1,914$1,051$548$275$134$7

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 $6,950 every year, while hoping to spend $58,612 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: 76/5/19 Blend
45$1,960,000$1,960,000$1,960,000$1,960,000
46$2,167,089$2,063,209$2,032,829$2,321,753
47$2,325,769$2,101,943$2,038,566$2,463,812
48$2,498,671$2,140,612$2,042,531$2,611,597
49$2,687,182$2,179,148$2,044,602$2,772,082
50$2,892,831$2,217,483$2,044,653$2,946,518
51$3,117,300$2,255,540$2,042,549$3,136,284
52$3,362,441$2,293,238$2,038,151$3,342,900
53$3,630,292$2,330,489$2,031,312$3,568,040
54$3,923,099$2,367,200$2,021,877$3,813,549
55$4,243,330$2,403,268$2,009,686$4,081,458
56$4,593,708$2,438,586$1,994,568$4,374,007
57$4,977,228$2,473,038$1,976,347$4,693,666
58$5,397,187$2,506,499$1,954,837$5,043,153
59$5,857,220$2,538,837$1,929,844$5,425,466
60$6,361,325$2,569,909$1,901,163$5,843,908
61$6,913,910$2,599,564$1,868,581$6,302,120
62$7,519,825$2,627,640$1,831,875$6,804,113
63$8,184,416$2,653,963$1,790,812$7,354,309
64$8,913,569$2,678,349$1,745,146$7,957,579
65$9,713,767$2,700,602$1,694,622$8,619,294
66$10,592,152$2,720,512$1,638,973$9,345,372
67$11,556,591$2,737,857$1,577,918$10,142,336
68$12,615,750$2,752,399$1,511,165$11,017,373
69$13,779,175$2,763,885$1,438,408$11,978,406
70$15,057,384$2,772,048$1,359,328$13,034,166
71$16,461,960$2,776,602$1,273,589$14,194,276
72$18,005,669$2,777,244$1,180,842$15,469,341
73$19,702,570$2,773,652$1,080,724$16,871,050
74$21,568,155$2,765,484$972,851$18,412,284
75$23,619,492$2,752,378$856,826$20,107,240
76$25,875,383$2,733,948$732,233$21,971,566
77$28,356,547$2,709,785$598,637$24,022,506
78$31,085,808$2,679,458$455,585$26,279,066
79$34,088,316$2,642,508$302,603$28,762,192
80$37,391,780$2,598,446$139,196$31,494,969
81$41,026,731$2,546,760$0$34,502,838
82$45,026,808$2,486,901$0$37,820,974
83$49,429,077$2,418,294$0$41,503,723
84$54,274,377$2,340,324$0$45,557,009
85$59,607,709$2,252,346$0$50,018,486
86$65,478,658$2,153,673$0$54,929,645
87$71,941,858$2,043,580$0$60,336,206
88$79,057,513$1,921,301$0$66,288,548
89$86,891,958$1,786,024$0$72,842,187
90$95,518,291$1,636,892$0$80,058,295
91$105,017,054$1,472,997$0$88,004,284
92$115,477,003$1,293,383$0$96,754,433
93$126,995,935$1,097,036$0$106,390,597
94$139,681,616$882,887$0$117,002,977
95$153,652,798$649,806$0$128,690,968
96$169,040,336$396,599$0$141,564,100
97$185,988,424$122,006$0$155,743,072
98$204,655,954$0$0$171,360,889
99$225,218,020$0$0$188,573,765
100$247,867,561$0$0$207,541,608