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%11.1%
1 years$162,681$161,232$159,818$158,438$157,091$156,363
2 years$80,535$79,035$77,582$76,172$74,805$74,071
3 years$53,157$51,650$50,200$48,804$47,459$46,741
4 years$39,470$37,968$36,533$35,161$33,848$33,151
5 years$31,260$29,768$28,351$27,007$25,731$25,057
6 years$25,789$24,308$22,912$21,598$20,360$19,711
7 years$21,883$20,413$19,040$17,757$16,558$15,934
8 years$18,954$17,498$16,147$14,896$13,737$13,137
9 years$16,677$15,235$13,908$12,688$11,568$10,993
10 years$14,857$13,429$12,125$10,937$9,857$9,306
11 years$13,369$11,955$10,675$9,518$8,477$7,950
12 years$12,129$10,730$9,474$8,349$7,346$6,843
13 years$11,082$9,697$8,464$7,371$6,406$5,926
14 years$10,184$8,814$7,605$6,543$5,615$5,158
15 years$9,407$8,052$6,866$5,835$4,944$4,509
16 years$8,728$7,388$6,225$5,225$4,370$3,955
17 years$8,129$6,804$5,665$4,694$3,875$3,481
18 years$7,598$6,287$5,171$4,231$3,445$3,072
19 years$7,122$5,827$4,734$3,823$3,071$2,717
20 years$6,695$5,414$4,345$3,462$2,743$2,408
21 years$6,310$5,043$3,996$3,142$2,454$2,137
22 years$5,959$4,708$3,683$2,857$2,200$1,901
23 years$5,640$4,403$3,401$2,602$1,975$1,692
24 years$5,347$4,125$3,145$2,373$1,775$1,508
25 years$5,079$3,871$2,913$2,167$1,597$1,346
26 years$4,831$3,639$2,702$1,982$1,439$1,202
27 years$4,603$3,424$2,509$1,814$1,297$1,075
28 years$4,391$3,227$2,332$1,662$1,170$961
29 years$4,194$3,044$2,170$1,524$1,057$861
30 years$4,010$2,875$2,022$1,399$955$771
31 years$3,839$2,718$1,885$1,285$863$691
32 years$3,678$2,571$1,758$1,180$781$619
33 years$3,528$2,435$1,642$1,086$707$555
34 years$3,387$2,308$1,534$999$640$498
35 years$3,254$2,189$1,434$919$580$447
36 years$3,129$2,078$1,342$847$525$401
37 years$3,011$1,973$1,256$780$476$361
38 years$2,899$1,875$1,176$719$432$324
39 years$2,793$1,783$1,102$663$391$291
40 years$2,693$1,697$1,033$612$355$261
41 years$2,598$1,615$968$564$322$235
42 years$2,508$1,538$908$521$292$211
43 years$2,422$1,466$852$481$265$190
44 years$2,341$1,397$800$444$241$171
45 years$2,263$1,332$751$410$219$154
46 years$2,189$1,271$706$379$198$138
47 years$2,118$1,213$663$350$180$124
48 years$2,050$1,158$623$323$164$112
49 years$1,985$1,106$586$299$149$100
50 years$1,923$1,056$550$276$135$90

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 $6,968 every year, while hoping to spend $20,622 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: 40/47/13 Blend
45$1,970,000$1,970,000$1,970,000$1,970,000
46$2,178,127$2,073,717$2,043,182$2,256,545
47$2,378,355$2,153,388$2,089,687$2,392,320
48$2,598,314$2,236,271$2,137,059$2,536,554
49$2,839,997$2,322,503$2,185,305$2,692,132
50$3,105,595$2,412,224$2,234,431$2,860,094
51$3,397,526$2,505,584$2,284,445$3,041,578
52$3,718,452$2,602,735$2,335,352$3,237,833
53$4,071,304$2,703,840$2,387,157$3,450,234
54$4,459,316$2,809,066$2,439,865$3,680,287
55$4,886,045$2,918,590$2,493,480$3,929,650
56$5,355,416$3,032,595$2,548,005$4,200,142
57$5,871,748$3,151,272$2,603,444$4,493,764
58$6,439,804$3,274,821$2,659,796$4,812,712
59$7,064,829$3,403,453$2,717,065$5,159,403
60$7,752,604$3,537,385$2,775,249$5,536,493
61$8,509,498$3,676,845$2,834,348$5,946,900
62$9,342,528$3,822,072$2,894,360$6,393,836
63$10,259,427$3,973,314$2,955,282$6,880,832
64$11,268,714$4,130,831$3,017,109$7,411,771
65$12,379,777$4,294,897$3,079,837$7,990,925
66$13,602,961$4,465,793$3,143,458$8,622,991
67$14,949,663$4,643,817$3,207,964$9,313,141
68$16,432,444$4,829,280$3,273,346$10,067,061
69$18,065,144$5,022,504$3,339,593$10,891,012
70$19,863,011$5,223,829$3,406,692$11,791,879
71$21,842,849$5,433,609$3,474,628$12,777,243
72$24,023,177$5,652,213$3,543,385$13,855,447
73$26,424,397$5,880,027$3,612,944$15,035,672
74$29,068,994$6,117,457$3,683,286$16,328,026
75$31,981,742$6,364,923$3,754,388$17,743,636
76$35,189,944$6,622,869$3,826,224$19,294,750
77$38,723,684$6,891,755$3,898,768$20,994,854
78$42,616,112$7,172,063$3,971,989$22,858,794
79$46,903,761$7,464,299$4,045,856$24,902,919
80$51,626,885$7,768,991$4,120,332$27,145,227
81$56,829,844$8,086,688$4,195,380$29,605,540
82$62,561,522$8,417,969$4,270,959$32,305,684
83$68,875,783$8,763,436$4,347,022$35,269,696
84$75,831,989$9,123,720$4,423,523$38,524,044
85$83,495,550$9,499,481$4,500,410$42,097,882
86$91,938,548$9,891,407$4,577,626$46,023,314
87$101,240,416$10,300,222$4,655,112$50,335,704
88$111,488,684$10,726,679$4,732,804$55,073,998
89$122,779,811$11,171,567$4,810,633$60,281,094
90$135,220,089$11,635,711$4,888,528$66,004,246
91$148,926,654$12,119,977$4,966,409$72,295,499
92$164,028,583$12,625,265$5,044,193$79,212,187
93$180,668,117$13,152,523$5,121,793$86,817,464
94$199,002,006$13,702,737$5,199,114$95,180,899
95$219,202,983$14,276,943$5,276,056$104,379,130
96$241,461,396$14,876,223$5,352,513$114,496,583
97$265,987,008$15,501,707$5,428,372$125,626,263
98$293,010,975$16,154,582$5,503,514$137,870,632
99$322,788,024$16,836,087$5,577,812$151,342,569
100$355,598,865$17,547,518$5,651,131$166,166,432