Can I retire at age 46 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$162,681$161,232$159,818$158,438$157,091$152,921
2 years$80,535$79,035$77,582$76,172$74,805$70,633
3 years$53,157$51,650$50,200$48,804$47,459$43,416
4 years$39,470$37,968$36,533$35,161$33,848$29,965
5 years$31,260$29,768$28,351$27,007$25,731$22,017
6 years$25,789$24,308$22,912$21,598$20,360$16,820
7 years$21,883$20,413$19,040$17,757$16,558$13,192
8 years$18,954$17,498$16,147$14,896$13,737$10,543
9 years$16,677$15,235$13,908$12,688$11,568$8,544
10 years$14,857$13,429$12,125$10,937$9,857$6,999
11 years$13,369$11,955$10,675$9,518$8,477$5,780
12 years$12,129$10,730$9,474$8,349$7,346$4,806
13 years$11,082$9,697$8,464$7,371$6,406$4,017
14 years$10,184$8,814$7,605$6,543$5,615$3,372
15 years$9,407$8,052$6,866$5,835$4,944$2,840
16 years$8,728$7,388$6,225$5,225$4,370$2,400
17 years$8,129$6,804$5,665$4,694$3,875$2,033
18 years$7,598$6,287$5,171$4,231$3,445$1,725
19 years$7,122$5,827$4,734$3,823$3,071$1,467
20 years$6,695$5,414$4,345$3,462$2,743$1,249
21 years$6,310$5,043$3,996$3,142$2,454$1,064
22 years$5,959$4,708$3,683$2,857$2,200$908
23 years$5,640$4,403$3,401$2,602$1,975$776
24 years$5,347$4,125$3,145$2,373$1,775$663
25 years$5,079$3,871$2,913$2,167$1,597$567
26 years$4,831$3,639$2,702$1,982$1,439$485
27 years$4,603$3,424$2,509$1,814$1,297$415
28 years$4,391$3,227$2,332$1,662$1,170$356
29 years$4,194$3,044$2,170$1,524$1,057$305
30 years$4,010$2,875$2,022$1,399$955$261
31 years$3,839$2,718$1,885$1,285$863$224
32 years$3,678$2,571$1,758$1,180$781$192
33 years$3,528$2,435$1,642$1,086$707$164
34 years$3,387$2,308$1,534$999$640$141
35 years$3,254$2,189$1,434$919$580$121
36 years$3,129$2,078$1,342$847$525$104
37 years$3,011$1,973$1,256$780$476$89
38 years$2,899$1,875$1,176$719$432$76
39 years$2,793$1,783$1,102$663$391$66
40 years$2,693$1,697$1,033$612$355$56
41 years$2,598$1,615$968$564$322$48
42 years$2,508$1,538$908$521$292$41
43 years$2,422$1,466$852$481$265$36
44 years$2,341$1,397$800$444$241$30
45 years$2,263$1,332$751$410$219$26
46 years$2,189$1,271$706$379$198$22
47 years$2,118$1,213$663$350$180$19
48 years$2,050$1,158$623$323$164$17
49 years$1,985$1,106$586$299$149$14
50 years$1,923$1,056$550$276$135$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,970,000, adding $3,404 every year, while hoping to spend $32,686 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: 70/23/7 Blend
45$1,970,000$1,970,000$1,970,000$1,970,000
46$2,174,451$2,070,041$2,039,506$2,324,060
47$2,361,468$2,136,696$2,073,052$2,490,088
48$2,566,464$2,205,521$2,106,626$2,667,350
49$2,791,240$2,276,588$2,140,195$2,860,413
50$3,037,778$2,349,972$2,173,723$3,070,823
51$3,308,260$2,425,750$2,207,171$3,300,278
52$3,605,092$2,504,000$2,240,500$3,550,649
53$3,930,921$2,584,805$2,273,667$3,823,998
54$4,288,664$2,668,251$2,306,624$4,122,591
55$4,681,537$2,754,424$2,339,325$4,448,925
56$5,113,079$2,843,416$2,371,717$4,805,750
57$5,587,189$2,935,320$2,403,747$5,196,093
58$6,108,165$3,030,233$2,435,355$5,623,287
59$6,680,740$3,128,256$2,466,481$6,091,005
60$7,310,128$3,229,493$2,497,061$6,603,287
61$8,002,074$3,334,051$2,527,025$7,164,588
62$8,762,907$3,442,042$2,556,302$7,779,812
63$9,599,601$3,553,579$2,584,816$8,454,359
64$10,519,839$3,668,783$2,612,485$9,194,180
65$11,532,084$3,787,775$2,639,225$10,005,828
66$12,645,664$3,910,683$2,664,947$10,896,521
67$13,870,855$4,037,640$2,689,555$11,874,212
68$15,218,978$4,168,780$2,712,951$12,947,660
69$16,702,508$4,304,244$2,735,029$14,126,515
70$18,335,191$4,444,179$2,755,680$15,421,407
71$20,132,172$4,588,736$2,774,787$16,844,047
72$22,110,138$4,738,069$2,792,227$18,407,338
73$24,287,479$4,892,341$2,807,874$20,125,494
74$26,684,455$5,051,719$2,821,591$22,014,176
75$29,323,392$5,216,375$2,833,236$24,090,635
76$32,228,889$5,386,489$2,842,661$26,373,883
77$35,428,054$5,562,245$2,849,709$28,884,863
78$38,950,757$5,743,836$2,854,215$31,646,650
79$42,829,909$5,931,460$2,856,006$34,684,670
80$47,101,780$6,125,322$2,854,903$38,026,935
81$51,806,334$6,325,634$2,850,714$41,704,313
82$56,987,607$6,532,617$2,843,240$45,750,813
83$62,694,126$6,746,499$2,832,271$50,203,907
84$68,979,364$6,967,515$2,817,590$55,104,887
85$75,902,246$7,195,909$2,798,966$60,499,248
86$83,527,701$7,431,935$2,776,157$66,437,123
87$91,927,281$7,675,854$2,748,913$72,973,751
88$101,179,830$7,927,938$2,716,968$80,169,998
89$111,372,232$8,188,466$2,680,046$88,092,936
90$122,600,229$8,457,730$2,637,857$96,816,469
91$134,969,325$8,736,031$2,590,097$106,422,033
92$148,595,780$9,023,681$2,536,450$116,999,366
93$163,607,711$9,321,003$2,476,582$128,647,349
94$180,146,297$9,628,331$2,410,147$141,474,944
95$198,367,111$9,946,012$2,336,779$155,602,220
96$218,441,595$10,274,404$2,256,099$171,161,484
97$240,558,669$10,613,881$2,167,710$188,298,531
98$264,926,519$10,964,827$2,071,194$207,174,020
99$291,774,562$11,327,642$1,966,117$227,964,988
100$321,355,610$11,702,739$1,852,025$250,866,521