Can I retire at age 46 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$163,507$162,050$160,629$159,242$157,888$154,134
2 years$80,944$79,436$77,975$76,559$75,185$71,424
3 years$53,427$51,913$50,455$49,052$47,700$44,051
4 years$39,671$38,161$36,718$35,339$34,020$30,511
5 years$31,419$29,919$28,495$27,144$25,862$22,501
6 years$25,920$24,431$23,028$21,707$20,463$17,256
7 years$21,994$20,517$19,137$17,847$16,642$13,588
8 years$19,050$17,587$16,229$14,971$13,806$10,904
9 years$16,762$15,313$13,978$12,752$11,627$8,874
10 years$14,932$13,497$12,187$10,992$9,907$7,300
11 years$13,437$12,016$10,729$9,567$8,520$6,056
12 years$12,191$10,785$9,522$8,391$7,383$5,058
13 years$11,138$9,746$8,507$7,408$6,438$4,248
14 years$10,236$8,859$7,644$6,576$5,644$3,583
15 years$9,455$8,093$6,901$5,865$4,969$3,033
16 years$8,772$7,425$6,257$5,251$4,392$2,576
17 years$8,170$6,838$5,693$4,718$3,894$2,193
18 years$7,636$6,319$5,197$4,252$3,463$1,870
19 years$7,159$5,856$4,758$3,842$3,086$1,598
20 years$6,729$5,442$4,367$3,480$2,757$1,368
21 years$6,342$5,069$4,016$3,158$2,467$1,172
22 years$5,989$4,732$3,702$2,871$2,211$1,006
23 years$5,668$4,425$3,418$2,615$1,985$864
24 years$5,375$4,146$3,161$2,385$1,784$742
25 years$5,105$3,891$2,928$2,178$1,605$638
26 years$4,856$3,657$2,715$1,992$1,446$549
27 years$4,626$3,442$2,521$1,823$1,304$473
28 years$4,413$3,243$2,344$1,670$1,176$407
29 years$4,215$3,059$2,181$1,532$1,062$351
30 years$4,030$2,889$2,032$1,406$960$302
31 years$3,858$2,731$1,894$1,291$868$261
32 years$3,697$2,584$1,767$1,186$785$225
33 years$3,546$2,448$1,650$1,091$710$194
34 years$3,404$2,320$1,542$1,004$643$167
35 years$3,270$2,200$1,441$924$583$144
36 years$3,145$2,088$1,348$851$528$125
37 years$3,026$1,983$1,262$784$478$107
38 years$2,914$1,885$1,182$723$434$93
39 years$2,808$1,792$1,107$666$393$80
40 years$2,707$1,705$1,038$615$357$69
41 years$2,612$1,623$973$567$324$60
42 years$2,521$1,546$913$523$294$51
43 years$2,435$1,473$857$483$267$44
44 years$2,353$1,404$804$446$242$38
45 years$2,274$1,339$755$412$220$33
46 years$2,200$1,277$709$381$199$29
47 years$2,129$1,219$666$352$181$25
48 years$2,060$1,164$626$325$164$21
49 years$1,995$1,111$588$300$149$18
50 years$1,933$1,061$553$278$136$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,980,000, adding $4,907 every year, while hoping to spend $34,319 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: 69/21/10 Blend
45$1,980,000$1,980,000$1,980,000$1,980,000
46$2,187,022$2,082,082$2,051,392$2,333,215
47$2,373,583$2,147,588$2,083,598$2,496,325
48$2,578,023$2,215,155$2,115,733$2,670,079
49$2,802,129$2,284,846$2,147,758$2,859,247
50$3,047,871$2,356,727$2,179,633$3,065,336
51$3,317,415$2,430,869$2,211,312$3,290,005
52$3,613,152$2,507,341$2,242,751$3,535,081
53$3,937,710$2,586,218$2,273,900$3,802,577
54$4,293,987$2,667,574$2,304,707$4,094,705
55$4,685,176$2,751,487$2,335,116$4,413,905
56$5,114,792$2,838,037$2,365,071$4,762,863
57$5,586,708$2,927,309$2,394,508$5,144,534
58$6,105,191$3,019,386$2,423,363$5,562,175
59$6,674,941$3,114,356$2,451,566$6,019,374
60$7,301,138$3,212,312$2,479,046$6,520,080
61$7,989,484$3,313,346$2,505,725$7,068,644
62$8,746,267$3,417,555$2,531,522$7,669,858
63$9,578,410$3,525,039$2,556,351$8,329,000
64$10,493,542$3,635,900$2,580,123$9,051,885
65$11,500,068$3,750,245$2,602,743$9,844,919
66$12,607,251$3,868,182$2,624,110$10,715,156
67$13,825,292$3,989,825$2,644,120$11,670,369
68$15,165,435$4,115,289$2,662,661$12,719,121
69$16,640,066$4,244,695$2,679,617$13,870,846
70$18,262,835$4,378,167$2,694,865$15,135,936
71$20,048,778$4,515,831$2,708,277$16,525,841
72$22,014,466$4,657,819$2,719,717$18,053,175
73$24,178,156$4,804,268$2,729,043$19,731,837
74$26,559,967$4,955,316$2,736,105$21,577,139
75$29,182,065$5,111,108$2,740,746$23,605,952
76$32,068,876$5,271,792$2,742,801$25,836,865
77$35,247,314$5,437,523$2,742,098$28,290,360
78$38,747,037$5,608,458$2,738,455$30,989,003
79$42,600,723$5,784,761$2,731,681$33,957,659
80$46,844,382$5,966,599$2,721,577$37,223,726
81$51,517,693$6,154,147$2,707,934$40,817,392
82$56,664,380$6,347,582$2,690,532$44,771,921
83$62,332,623$6,547,090$2,669,142$49,123,965
84$68,575,515$6,752,862$2,643,522$53,913,911
85$75,451,557$6,965,092$2,613,420$59,186,262
86$83,025,219$7,183,984$2,578,572$64,990,055
87$91,367,538$7,409,746$2,538,701$71,379,324
88$100,556,796$7,642,593$2,493,517$78,413,611
89$110,679,257$7,882,748$2,442,718$86,158,525
90$121,829,977$8,130,439$2,385,985$94,686,366
91$134,113,706$8,385,901$2,322,987$104,076,800
92$147,645,874$8,649,380$2,253,376$114,417,615
93$162,553,678$8,921,124$2,176,789$125,805,548
94$178,977,287$9,201,394$2,092,846$138,347,200
95$197,071,164$9,490,456$2,001,150$152,160,038
96$217,005,519$9,788,584$1,901,285$167,373,505
97$238,967,921$10,096,064$1,792,817$184,130,243
98$263,165,065$10,413,187$1,675,292$202,587,436
99$289,824,724$10,740,255$1,548,237$222,918,295
100$319,197,898$11,077,580$1,411,155$245,313,696