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%16.4%
1 years$162,681$161,232$159,818$158,438$157,091$152,983
2 years$80,535$79,035$77,582$76,172$74,805$70,694
3 years$53,157$51,650$50,200$48,804$47,459$43,475
4 years$39,470$37,968$36,533$35,161$33,848$30,020
5 years$31,260$29,768$28,351$27,007$25,731$22,070
6 years$25,789$24,308$22,912$21,598$20,360$16,870
7 years$21,883$20,413$19,040$17,757$16,558$13,239
8 years$18,954$17,498$16,147$14,896$13,737$10,586
9 years$16,677$15,235$13,908$12,688$11,568$8,584
10 years$14,857$13,429$12,125$10,937$9,857$7,036
11 years$13,369$11,955$10,675$9,518$8,477$5,815
12 years$12,129$10,730$9,474$8,349$7,346$4,838
13 years$11,082$9,697$8,464$7,371$6,406$4,046
14 years$10,184$8,814$7,605$6,543$5,615$3,399
15 years$9,407$8,052$6,866$5,835$4,944$2,865
16 years$8,728$7,388$6,225$5,225$4,370$2,423
17 years$8,129$6,804$5,665$4,694$3,875$2,053
18 years$7,598$6,287$5,171$4,231$3,445$1,744
19 years$7,122$5,827$4,734$3,823$3,071$1,484
20 years$6,695$5,414$4,345$3,462$2,743$1,264
21 years$6,310$5,043$3,996$3,142$2,454$1,078
22 years$5,959$4,708$3,683$2,857$2,200$921
23 years$5,640$4,403$3,401$2,602$1,975$787
24 years$5,347$4,125$3,145$2,373$1,775$673
25 years$5,079$3,871$2,913$2,167$1,597$576
26 years$4,831$3,639$2,702$1,982$1,439$493
27 years$4,603$3,424$2,509$1,814$1,297$423
28 years$4,391$3,227$2,332$1,662$1,170$362
29 years$4,194$3,044$2,170$1,524$1,057$311
30 years$4,010$2,875$2,022$1,399$955$266
31 years$3,839$2,718$1,885$1,285$863$228
32 years$3,678$2,571$1,758$1,180$781$196
33 years$3,528$2,435$1,642$1,086$707$168
34 years$3,387$2,308$1,534$999$640$144
35 years$3,254$2,189$1,434$919$580$124
36 years$3,129$2,078$1,342$847$525$106
37 years$3,011$1,973$1,256$780$476$91
38 years$2,899$1,875$1,176$719$432$78
39 years$2,793$1,783$1,102$663$391$67
40 years$2,693$1,697$1,033$612$355$58
41 years$2,598$1,615$968$564$322$50
42 years$2,508$1,538$908$521$292$43
43 years$2,422$1,466$852$481$265$37
44 years$2,341$1,397$800$444$241$31
45 years$2,263$1,332$751$410$219$27
46 years$2,189$1,271$706$379$198$23
47 years$2,118$1,213$663$350$180$20
48 years$2,050$1,158$623$323$164$17
49 years$1,985$1,106$586$299$149$15
50 years$1,923$1,056$550$276$135$13

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 $4,719 every year, while hoping to spend $38,521 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: 73/5/22 Blend
45$1,970,000$1,970,000$1,970,000$1,970,000
46$2,175,808$2,071,398$2,040,863$2,322,616
47$2,356,754$2,131,910$2,068,246$2,481,444
48$2,554,866$2,194,097$2,095,255$2,650,329
49$2,771,853$2,257,998$2,121,837$2,834,394
50$3,009,600$2,323,658$2,147,936$3,035,146
51$3,270,179$2,391,118$2,173,492$3,254,240
52$3,555,877$2,460,421$2,198,443$3,493,503
53$3,869,208$2,531,613$2,222,722$3,754,947
54$4,212,943$2,604,739$2,246,260$4,040,787
55$4,590,135$2,679,843$2,268,982$4,353,463
56$5,004,146$2,756,973$2,290,810$4,695,667
57$5,458,680$2,836,175$2,311,663$5,070,360
58$5,957,816$2,917,498$2,331,454$5,480,809
59$6,506,047$3,000,990$2,350,092$5,930,609
60$7,108,325$3,086,699$2,367,481$6,423,724
61$7,770,103$3,174,676$2,383,520$6,964,523
62$8,497,390$3,264,971$2,398,104$7,557,815
63$9,296,803$3,357,635$2,411,121$8,208,905
64$10,175,637$3,452,719$2,422,453$8,923,633
65$11,141,924$3,550,274$2,431,977$9,708,439
66$12,204,516$3,650,353$2,439,564$10,570,417
67$13,373,165$3,753,009$2,445,078$11,517,382
68$14,658,616$3,858,294$2,448,376$12,557,950
69$16,072,706$3,966,262$2,449,308$13,701,613
70$17,628,479$4,076,966$2,447,717$14,958,830
71$19,340,307$4,190,460$2,443,438$16,341,129
72$21,224,023$4,306,797$2,436,298$17,861,211
73$23,297,075$4,426,032$2,426,115$19,533,073
74$25,578,686$4,548,217$2,412,700$21,372,140
75$28,090,039$4,673,407$2,395,853$23,395,410
76$30,854,473$4,801,654$2,375,364$25,621,614
77$33,897,706$4,933,012$2,351,015$28,071,394
78$37,248,075$5,067,533$2,322,577$30,767,498
79$40,936,805$5,205,268$2,289,810$33,734,992
80$44,998,303$5,346,269$2,252,462$37,001,501
81$49,470,480$5,490,587$2,210,270$40,597,468
82$54,395,114$5,638,271$2,162,959$44,556,440
83$59,818,237$5,789,368$2,110,240$48,915,387
84$65,790,576$5,943,926$2,051,812$53,715,048
85$72,368,026$6,101,989$1,987,359$59,000,323
86$79,612,181$6,263,603$1,916,551$64,820,686
87$87,590,912$6,428,808$1,839,044$71,230,663
88$96,379,009$6,597,644$1,754,477$78,290,339
89$106,058,888$6,770,148$1,662,472$86,065,932
90$116,721,365$6,946,356$1,562,635$94,630,410
91$128,466,516$7,126,299$1,454,554$104,064,191
92$141,404,618$7,310,005$1,337,800$114,455,891
93$155,657,194$7,497,501$1,211,921$125,903,171
94$171,358,156$7,688,806$1,076,448$138,513,652
95$188,655,070$7,883,940$930,891$152,405,934
96$207,710,548$8,082,914$774,737$167,710,717
97$228,703,784$8,285,736$607,451$184,572,035
98$251,832,243$8,492,410$428,473$203,148,614
99$277,313,525$8,702,932$237,220$223,615,372
100$305,387,422$8,917,293$33,085$246,165,074