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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.1%
1 years$162,681$161,232$159,818$158,438$157,091$153,169
2 years$80,535$79,035$77,582$76,172$74,805$70,879
3 years$53,157$51,650$50,200$48,804$47,459$43,651
4 years$39,470$37,968$36,533$35,161$33,848$30,188
5 years$31,260$29,768$28,351$27,007$25,731$22,228
6 years$25,789$24,308$22,912$21,598$20,360$17,018
7 years$21,883$20,413$19,040$17,757$16,558$13,378
8 years$18,954$17,498$16,147$14,896$13,737$10,717
9 years$16,677$15,235$13,908$12,688$11,568$8,706
10 years$14,857$13,429$12,125$10,937$9,857$7,149
11 years$13,369$11,955$10,675$9,518$8,477$5,919
12 years$12,129$10,730$9,474$8,349$7,346$4,934
13 years$11,082$9,697$8,464$7,371$6,406$4,135
14 years$10,184$8,814$7,605$6,543$5,615$3,481
15 years$9,407$8,052$6,866$5,835$4,944$2,941
16 years$8,728$7,388$6,225$5,225$4,370$2,492
17 years$8,129$6,804$5,665$4,694$3,875$2,116
18 years$7,598$6,287$5,171$4,231$3,445$1,802
19 years$7,122$5,827$4,734$3,823$3,071$1,536
20 years$6,695$5,414$4,345$3,462$2,743$1,312
21 years$6,310$5,043$3,996$3,142$2,454$1,122
22 years$5,959$4,708$3,683$2,857$2,200$960
23 years$5,640$4,403$3,401$2,602$1,975$822
24 years$5,347$4,125$3,145$2,373$1,775$705
25 years$5,079$3,871$2,913$2,167$1,597$605
26 years$4,831$3,639$2,702$1,982$1,439$519
27 years$4,603$3,424$2,509$1,814$1,297$446
28 years$4,391$3,227$2,332$1,662$1,170$383
29 years$4,194$3,044$2,170$1,524$1,057$329
30 years$4,010$2,875$2,022$1,399$955$283
31 years$3,839$2,718$1,885$1,285$863$243
32 years$3,678$2,571$1,758$1,180$781$209
33 years$3,528$2,435$1,642$1,086$707$180
34 years$3,387$2,308$1,534$999$640$155
35 years$3,254$2,189$1,434$919$580$133
36 years$3,129$2,078$1,342$847$525$115
37 years$3,011$1,973$1,256$780$476$99
38 years$2,899$1,875$1,176$719$432$85
39 years$2,793$1,783$1,102$663$391$73
40 years$2,693$1,697$1,033$612$355$63
41 years$2,598$1,615$968$564$322$54
42 years$2,508$1,538$908$521$292$47
43 years$2,422$1,466$852$481$265$40
44 years$2,341$1,397$800$444$241$35
45 years$2,263$1,332$751$410$219$30
46 years$2,189$1,271$706$379$198$26
47 years$2,118$1,213$663$350$180$22
48 years$2,050$1,158$623$323$164$19
49 years$1,985$1,106$586$299$149$16
50 years$1,923$1,056$550$276$135$14

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 $3,494 every year, while hoping to spend $46,899 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: 66/5/29 Blend
45$1,970,000$1,970,000$1,970,000$1,970,000
46$2,174,544$2,070,134$2,039,599$2,301,180
47$2,346,447$2,121,670$2,058,025$2,438,687
48$2,534,313$2,174,160$2,075,497$2,583,440
49$2,739,720$2,227,601$2,091,933$2,740,694
50$2,964,405$2,281,987$2,107,247$2,911,688
51$3,210,283$2,337,314$2,121,349$3,097,786
52$3,479,462$2,393,572$2,134,144$3,300,492
53$3,774,261$2,450,751$2,145,531$3,521,463
54$4,097,236$2,508,838$2,155,407$3,762,527
55$4,451,202$2,567,819$2,163,661$4,025,696
56$4,839,258$2,627,675$2,170,177$4,313,189
57$5,264,818$2,688,387$2,174,833$4,627,452
58$5,731,641$2,749,930$2,177,502$4,971,180
59$6,243,869$2,812,277$2,178,049$5,347,344
60$6,806,064$2,875,399$2,176,335$5,759,218
61$7,423,251$2,939,262$2,172,210$6,210,410
62$8,100,964$3,003,827$2,165,520$6,704,899
63$8,845,301$3,069,053$2,156,104$7,247,067
64$9,662,978$3,134,893$2,143,790$7,841,749
65$10,561,396$3,201,297$2,128,400$8,494,268
66$11,548,705$3,268,207$2,109,749$9,210,495
67$12,633,886$3,335,562$2,087,638$9,996,900
68$13,826,832$3,403,295$2,061,864$10,860,614
69$15,138,445$3,471,332$2,032,212$11,809,497
70$16,580,732$3,539,593$1,998,457$12,852,211
71$18,166,924$3,607,991$1,960,363$13,998,306
72$19,911,600$3,676,431$1,917,684$15,258,304
73$21,830,819$3,744,812$1,870,163$16,643,806
74$23,942,278$3,813,024$1,817,529$18,167,594
75$26,265,474$3,880,946$1,759,500$19,843,761
76$28,821,890$3,948,450$1,695,781$21,687,834
77$31,635,197$4,015,398$1,626,064$23,716,932
78$34,731,476$4,081,642$1,550,026$25,949,919
79$38,139,464$4,147,020$1,467,329$28,407,587
80$41,890,826$4,211,360$1,377,622$31,112,853
81$46,020,454$4,274,480$1,280,535$34,090,973
82$50,566,791$4,336,180$1,175,683$37,369,785
83$55,572,200$4,396,250$1,062,665$40,979,966
84$61,083,360$4,454,462$941,061$44,955,332
85$67,151,707$4,510,575$810,430$49,333,146
86$73,833,917$4,564,329$670,316$54,154,483
87$81,192,444$4,615,448$520,239$59,464,606
88$89,296,106$4,663,638$359,699$65,313,405
89$98,220,736$4,708,583$188,176$71,755,861
90$108,049,895$4,749,947$5,124$78,852,571
91$118,875,663$4,787,374$0$86,670,317
92$130,799,507$4,820,482$0$95,341,562
93$143,933,237$4,848,866$0$104,894,077
94$158,400,062$4,872,094$0$115,415,864
95$174,335,749$4,889,708$0$127,005,646
96$191,889,912$4,901,220$0$139,772,209
97$211,227,415$4,906,112$0$153,835,436
98$232,529,932$4,903,832$0$169,327,431
99$255,997,661$4,893,796$0$186,393,769
100$281,851,213$4,875,383$0$205,194,873