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

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$163,507$162,050$160,629$159,242$157,888$152,165
2 years$80,944$79,436$77,975$76,559$75,185$69,482
3 years$53,427$51,913$50,455$49,052$47,700$42,197
4 years$39,671$38,161$36,718$35,339$34,020$28,758
5 years$31,419$29,919$28,495$27,144$25,862$20,854
6 years$25,920$24,431$23,028$21,707$20,463$15,715
7 years$21,994$20,517$19,137$17,847$16,642$12,151
8 years$19,050$17,587$16,229$14,971$13,806$9,569
9 years$16,762$15,313$13,978$12,752$11,627$7,637
10 years$14,932$13,497$12,187$10,992$9,907$6,158
11 years$13,437$12,016$10,729$9,567$8,520$5,005
12 years$12,191$10,785$9,522$8,391$7,383$4,093
13 years$11,138$9,746$8,507$7,408$6,438$3,363
14 years$10,236$8,859$7,644$6,576$5,644$2,775
15 years$9,455$8,093$6,901$5,865$4,969$2,296
16 years$8,772$7,425$6,257$5,251$4,392$1,906
17 years$8,170$6,838$5,693$4,718$3,894$1,585
18 years$7,636$6,319$5,197$4,252$3,463$1,320
19 years$7,159$5,856$4,758$3,842$3,086$1,101
20 years$6,729$5,442$4,367$3,480$2,757$920
21 years$6,342$5,069$4,016$3,158$2,467$769
22 years$5,989$4,732$3,702$2,871$2,211$644
23 years$5,668$4,425$3,418$2,615$1,985$539
24 years$5,375$4,146$3,161$2,385$1,784$452
25 years$5,105$3,891$2,928$2,178$1,605$378
26 years$4,856$3,657$2,715$1,992$1,446$317
27 years$4,626$3,442$2,521$1,823$1,304$266
28 years$4,413$3,243$2,344$1,670$1,176$223
29 years$4,215$3,059$2,181$1,532$1,062$188
30 years$4,030$2,889$2,032$1,406$960$157
31 years$3,858$2,731$1,894$1,291$868$132
32 years$3,697$2,584$1,767$1,186$785$111
33 years$3,546$2,448$1,650$1,091$710$93
34 years$3,404$2,320$1,542$1,004$643$78
35 years$3,270$2,200$1,441$924$583$66
36 years$3,145$2,088$1,348$851$528$55
37 years$3,026$1,983$1,262$784$478$46
38 years$2,914$1,885$1,182$723$434$39
39 years$2,808$1,792$1,107$666$393$33
40 years$2,707$1,705$1,038$615$357$28
41 years$2,612$1,623$973$567$324$23
42 years$2,521$1,546$913$523$294$19
43 years$2,435$1,473$857$483$267$16
44 years$2,353$1,404$804$446$242$14
45 years$2,274$1,339$755$412$220$12
46 years$2,200$1,277$709$381$199$10
47 years$2,129$1,219$666$352$181$8
48 years$2,060$1,164$626$325$164$7
49 years$1,995$1,111$588$300$149$6
50 years$1,933$1,061$553$278$136$5

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 $6,873 every year, while hoping to spend $27,219 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: 81/8/11 Blend
45$1,980,000$1,980,000$1,980,000$1,980,000
46$2,189,049$2,084,109$2,053,419$2,361,691
47$2,383,372$2,157,270$2,093,248$2,549,067
48$2,596,603$2,233,103$2,133,499$2,750,424
49$2,830,642$2,311,711$2,174,157$2,970,636
50$3,087,583$2,393,200$2,215,207$3,211,579
51$3,369,730$2,477,681$2,256,630$3,475,319
52$3,679,624$2,565,269$2,298,409$3,764,129
53$4,020,062$2,656,083$2,340,521$4,080,516
54$4,394,125$2,750,248$2,382,946$4,427,237
55$4,805,210$2,847,894$2,425,658$4,807,331
56$5,257,056$2,949,156$2,468,632$5,224,147
57$5,753,784$3,054,173$2,511,840$5,681,370
58$6,299,934$3,163,092$2,555,251$6,183,063
59$6,900,509$3,276,065$2,598,834$6,733,699
60$7,561,019$3,393,250$2,642,553$7,338,207
61$8,287,535$3,514,812$2,686,371$8,002,017
62$9,086,748$3,640,922$2,730,248$8,731,108
63$9,966,028$3,771,758$2,774,143$9,532,072
64$10,933,496$3,907,508$2,818,010$10,412,168
65$11,998,100$4,048,363$2,861,801$11,379,393
66$13,169,700$4,194,526$2,905,465$12,442,560
67$14,459,158$4,346,207$2,948,947$13,611,377
68$15,878,445$4,503,624$2,992,189$14,896,540
69$17,440,749$4,667,004$3,035,130$16,309,835
70$19,160,603$4,836,585$3,077,705$17,864,245
71$21,054,021$5,012,614$3,119,844$19,574,079
72$23,138,647$5,195,348$3,161,475$21,455,099
73$25,433,924$5,385,055$3,202,519$23,524,674
74$27,961,276$5,582,014$3,242,895$25,801,942
75$30,744,310$5,786,517$3,282,516$28,307,991
76$33,809,040$5,998,866$3,321,291$31,066,054
77$37,184,130$6,219,378$3,359,121$34,101,735
78$40,901,165$6,448,382$3,395,907$37,443,244
79$44,994,953$6,686,222$3,431,538$41,121,666
80$49,503,845$6,933,254$3,465,902$45,171,254
81$54,470,106$7,189,852$3,498,878$49,629,749
82$59,940,307$7,456,405$3,530,341$54,538,742
83$65,965,767$7,733,318$3,560,156$59,944,060
84$72,603,039$8,021,013$3,588,184$65,896,202
85$79,914,437$8,319,931$3,614,277$72,450,814
86$87,968,634$8,630,532$3,638,280$79,669,213
87$96,841,301$8,953,295$3,660,028$87,618,968
88$106,615,826$9,288,718$3,679,351$96,374,534
89$117,384,099$9,637,324$3,696,068$106,017,959
90$129,247,379$9,999,656$3,709,989$116,639,653
91$142,317,253$10,376,280$3,720,915$128,339,244
92$156,716,683$10,767,787$3,728,635$141,226,518
93$172,581,171$11,174,796$3,732,931$155,422,454
94$190,060,038$11,597,948$3,733,572$171,060,367
95$209,317,830$12,037,916$3,730,315$188,287,163
96$230,535,875$12,495,399$3,722,906$207,264,728
97$253,913,990$12,971,130$3,711,080$228,171,457
98$279,672,372$13,465,871$3,694,556$251,203,932
99$308,053,672$13,980,417$3,673,042$276,578,783
100$339,325,289$14,515,599$3,646,231$304,534,731