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%13.7%
1 years$163,507$162,050$160,629$159,242$157,888$155,464
2 years$80,944$79,436$77,975$76,559$75,185$72,749
3 years$53,427$51,913$50,455$49,052$47,700$45,328
4 years$39,671$38,161$36,718$35,339$34,020$31,730
5 years$31,419$29,919$28,495$27,144$25,862$23,660
6 years$25,920$24,431$23,028$21,707$20,463$18,352
7 years$21,994$20,517$19,137$17,847$16,642$14,623
8 years$19,050$17,587$16,229$14,971$13,806$11,878
9 years$16,762$15,313$13,978$12,752$11,627$9,789
10 years$14,932$13,497$12,187$10,992$9,907$8,158
11 years$13,437$12,016$10,729$9,567$8,520$6,858
12 years$12,191$10,785$9,522$8,391$7,383$5,807
13 years$11,138$9,746$8,507$7,408$6,438$4,945
14 years$10,236$8,859$7,644$6,576$5,644$4,230
15 years$9,455$8,093$6,901$5,865$4,969$3,634
16 years$8,772$7,425$6,257$5,251$4,392$3,132
17 years$8,170$6,838$5,693$4,718$3,894$2,706
18 years$7,636$6,319$5,197$4,252$3,463$2,344
19 years$7,159$5,856$4,758$3,842$3,086$2,035
20 years$6,729$5,442$4,367$3,480$2,757$1,769
21 years$6,342$5,069$4,016$3,158$2,467$1,541
22 years$5,989$4,732$3,702$2,871$2,211$1,343
23 years$5,668$4,425$3,418$2,615$1,985$1,173
24 years$5,375$4,146$3,161$2,385$1,784$1,024
25 years$5,105$3,891$2,928$2,178$1,605$896
26 years$4,856$3,657$2,715$1,992$1,446$784
27 years$4,626$3,442$2,521$1,823$1,304$686
28 years$4,413$3,243$2,344$1,670$1,176$601
29 years$4,215$3,059$2,181$1,532$1,062$527
30 years$4,030$2,889$2,032$1,406$960$462
31 years$3,858$2,731$1,894$1,291$868$405
32 years$3,697$2,584$1,767$1,186$785$356
33 years$3,546$2,448$1,650$1,091$710$312
34 years$3,404$2,320$1,542$1,004$643$274
35 years$3,270$2,200$1,441$924$583$241
36 years$3,145$2,088$1,348$851$528$211
37 years$3,026$1,983$1,262$784$478$186
38 years$2,914$1,885$1,182$723$434$163
39 years$2,808$1,792$1,107$666$393$143
40 years$2,707$1,705$1,038$615$357$126
41 years$2,612$1,623$973$567$324$111
42 years$2,521$1,546$913$523$294$97
43 years$2,435$1,473$857$483$267$86
44 years$2,353$1,404$804$446$242$75
45 years$2,274$1,339$755$412$220$66
46 years$2,200$1,277$709$381$199$58
47 years$2,129$1,219$666$352$181$51
48 years$2,060$1,164$626$325$164$45
49 years$1,995$1,111$588$300$149$40
50 years$1,933$1,061$553$278$136$35

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 $4,746 every year, while hoping to spend $24,914 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: 28/43/29 Blend
45$1,980,000$1,980,000$1,980,000$1,980,000
46$2,186,855$2,081,915$2,051,225$2,228,358
47$2,383,406$2,157,421$2,093,433$2,337,578
48$2,599,171$2,235,791$2,136,220$2,452,378
49$2,836,081$2,317,141$2,179,579$2,575,220
50$3,096,269$2,401,587$2,223,502$2,706,812
51$3,382,078$2,489,256$2,267,979$2,847,931
52$3,696,096$2,580,274$2,313,002$2,999,430
53$4,041,168$2,674,778$2,358,557$3,162,245
54$4,420,431$2,772,906$2,404,633$3,337,402
55$4,837,342$2,874,806$2,451,216$3,526,031
56$5,295,707$2,980,628$2,498,288$3,729,369
57$5,799,722$3,090,531$2,545,833$3,948,778
58$6,354,008$3,204,682$2,593,833$4,185,752
59$6,963,657$3,323,251$2,642,266$4,441,934
60$7,634,278$3,446,418$2,691,110$4,719,129
61$8,372,053$3,574,371$2,740,341$5,019,322
62$9,183,792$3,707,305$2,789,932$5,344,694
63$10,076,998$3,845,423$2,839,855$5,697,644
64$11,059,941$3,988,937$2,890,078$6,080,810
65$12,141,728$4,138,068$2,940,569$6,497,092
66$13,332,399$4,293,048$2,991,293$6,949,681
67$14,643,013$4,454,117$3,042,210$7,442,087
68$16,085,756$4,621,525$3,093,281$7,978,172
69$17,674,058$4,795,534$3,144,460$8,562,183
70$19,422,715$4,976,418$3,195,703$9,198,796
71$21,348,031$5,164,462$3,246,958$9,893,156
72$23,467,971$5,359,961$3,298,172$10,650,922
73$25,802,332$5,563,227$3,349,288$11,478,328
74$28,372,928$5,774,583$3,400,247$12,382,231
75$31,203,795$5,994,366$3,450,984$13,370,183
76$34,321,421$6,222,929$3,501,431$14,450,493
77$37,754,992$6,460,639$3,551,515$15,632,312
78$41,536,670$6,707,879$3,601,160$16,925,714
79$45,701,895$6,965,050$3,650,283$18,341,791
80$50,289,721$7,232,570$3,698,800$19,892,755
81$55,343,181$7,510,874$3,746,619$21,592,055
82$60,909,697$7,800,419$3,793,642$23,454,500
83$67,041,525$8,101,678$3,839,768$25,496,398
84$73,796,250$8,415,150$3,884,890$27,735,708
85$81,237,326$8,741,351$3,928,892$30,192,210
86$89,434,678$9,080,822$3,971,655$32,887,688
87$98,465,361$9,434,128$4,013,051$35,846,135
88$108,414,287$9,801,859$4,052,947$39,093,977
89$119,375,025$10,184,631$4,091,202$42,660,321
90$131,450,687$10,583,087$4,127,666$46,577,230
91$144,754,898$10,997,899$4,162,183$50,880,020
92$159,412,869$11,429,768$4,194,589$55,607,593
93$175,562,582$11,879,427$4,224,708$60,802,804
94$193,356,089$12,347,642$4,252,359$66,512,859
95$212,960,946$12,835,213$4,277,349$72,789,765
96$234,561,798$13,342,974$4,299,476$79,690,811
97$258,362,121$13,871,799$4,318,527$87,279,113
98$284,586,139$14,422,599$4,334,280$95,624,200
99$313,480,947$14,996,328$4,346,500$104,802,677
100$345,318,836$15,593,980$4,354,940$114,898,938