Can I retire at age 46 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$164,332$162,869$161,440$160,046$158,685$157,487
2 years$81,353$79,838$78,369$76,945$75,564$74,357
3 years$53,696$52,175$50,710$49,300$47,941$46,761
4 years$39,871$38,354$36,904$35,518$34,192$33,049
5 years$31,578$30,070$28,639$27,281$25,992$24,889
6 years$26,051$24,554$23,145$21,817$20,567$19,505
7 years$22,105$20,621$19,233$17,937$16,726$15,706
8 years$19,146$17,676$16,311$15,047$13,876$12,898
9 years$16,847$15,390$14,049$12,816$11,686$10,749
10 years$15,008$13,565$12,248$11,048$9,957$9,061
11 years$13,504$12,077$10,783$9,615$8,563$7,708
12 years$12,253$10,839$9,570$8,434$7,421$6,606
13 years$11,194$9,796$8,550$7,446$6,471$5,695
14 years$10,288$8,904$7,682$6,609$5,672$4,934
15 years$9,503$8,134$6,936$5,894$4,994$4,293
16 years$8,816$7,463$6,288$5,278$4,414$3,749
17 years$8,212$6,873$5,722$4,742$3,914$3,283
18 years$7,675$6,351$5,224$4,274$3,480$2,883
19 years$7,195$5,886$4,782$3,862$3,102$2,537
20 years$6,763$5,469$4,389$3,497$2,771$2,237
21 years$6,374$5,095$4,037$3,174$2,479$1,976
22 years$6,020$4,756$3,720$2,886$2,222$1,748
23 years$5,697$4,448$3,435$2,628$1,995$1,548
24 years$5,402$4,167$3,177$2,397$1,793$1,372
25 years$5,131$3,911$2,943$2,189$1,614$1,218
26 years$4,881$3,676$2,729$2,002$1,453$1,082
27 years$4,649$3,459$2,534$1,832$1,310$962
28 years$4,435$3,259$2,356$1,679$1,182$856
29 years$4,236$3,075$2,192$1,539$1,068$762
30 years$4,051$2,904$2,042$1,413$965$678
31 years$3,878$2,745$1,904$1,298$872$604
32 years$3,716$2,598$1,776$1,192$789$539
33 years$3,564$2,460$1,658$1,097$714$480
34 years$3,421$2,331$1,550$1,009$646$429
35 years$3,287$2,211$1,449$929$586$382
36 years$3,161$2,099$1,355$855$530$341
37 years$3,041$1,993$1,269$788$481$305
38 years$2,928$1,894$1,188$726$436$272
39 years$2,822$1,801$1,113$670$395$243
40 years$2,721$1,714$1,043$618$359$217
41 years$2,625$1,632$978$570$325$194
42 years$2,534$1,554$918$526$295$173
43 years$2,447$1,480$861$486$268$155
44 years$2,364$1,411$808$448$243$138
45 years$2,286$1,346$759$414$221$124
46 years$2,211$1,284$713$382$200$111
47 years$2,139$1,225$670$353$182$99
48 years$2,071$1,170$629$327$165$88
49 years$2,006$1,117$591$302$150$79
50 years$1,943$1,067$556$279$136$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,990,000, adding $5,663 every year, while hoping to spend $24,209 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: 39/48/13 Blend
45$1,990,000$1,990,000$1,990,000$1,990,000
46$2,198,821$2,093,351$2,062,506$2,275,767
47$2,397,343$2,170,167$2,105,842$2,407,726
48$2,615,302$2,249,936$2,149,818$2,547,529
49$2,854,657$2,332,776$2,194,431$2,698,161
50$3,117,562$2,418,813$2,239,674$2,860,610
51$3,406,393$2,508,174$2,285,543$3,035,962
52$3,723,766$2,600,996$2,332,030$3,225,408
53$4,072,564$2,697,418$2,379,127$3,430,257
54$4,455,962$2,797,588$2,426,824$3,651,946
55$4,877,458$2,901,658$2,475,110$3,892,054
56$5,340,907$3,009,788$2,523,975$4,152,316
57$5,850,555$3,122,143$2,573,404$4,434,639
58$6,411,081$3,238,897$2,623,382$4,741,120
59$7,027,640$3,360,231$2,673,893$5,074,062
60$7,705,910$3,486,333$2,724,920$5,435,999
61$8,452,149$3,617,400$2,776,441$5,829,717
62$9,273,252$3,753,637$2,828,436$6,258,279
63$10,176,816$3,895,257$2,880,880$6,725,055
64$11,171,210$4,042,484$2,933,749$7,233,750
65$12,265,658$4,195,550$2,987,014$7,788,444
66$13,470,322$4,354,699$3,040,646$8,393,620
67$14,796,398$4,520,183$3,094,611$9,054,215
68$16,256,226$4,692,267$3,148,876$9,775,661
69$17,863,400$4,871,227$3,203,402$10,563,933
70$19,632,901$5,057,351$3,258,150$11,425,610
71$21,581,235$5,250,939$3,313,076$12,367,932
72$23,726,590$5,452,304$3,368,134$13,398,868
73$26,089,011$5,661,775$3,423,274$14,527,189
74$28,690,580$5,879,693$3,478,444$15,762,553
75$31,555,636$6,106,414$3,533,589$17,115,591
76$34,710,993$6,342,311$3,588,646$18,598,007
77$38,186,203$6,587,773$3,643,554$20,222,690
78$42,013,826$6,843,204$3,698,244$22,003,828
79$46,229,745$7,109,030$3,752,644$23,957,046
80$50,873,499$7,385,692$3,806,677$26,099,551
81$55,988,657$7,673,653$3,860,262$28,450,290
82$61,623,233$7,973,394$3,913,314$31,030,130
83$67,830,133$8,285,421$3,965,740$33,862,049
84$74,667,659$8,610,259$4,017,445$36,971,358
85$82,200,056$8,948,457$4,068,325$40,385,930
86$90,498,121$9,300,591$4,118,273$44,136,468
87$99,639,869$9,667,260$4,167,175$48,256,788
88$109,711,270$10,049,090$4,214,910$52,784,136
89$120,807,060$10,446,735$4,261,350$57,759,543
90$133,031,635$10,860,881$4,306,360$63,228,201
91$146,500,038$11,292,241$4,349,800$69,239,894
92$161,339,043$11,741,561$4,391,519$75,849,463
93$177,688,350$12,209,622$4,431,359$83,117,321
94$195,701,907$12,697,239$4,469,155$91,110,019
95$215,549,362$13,205,264$4,504,732$99,900,874
96$237,417,661$13,734,586$4,537,905$109,570,657
97$261,512,818$14,286,137$4,568,480$120,208,349
98$288,061,856$14,860,887$4,596,255$131,911,983
99$317,314,949$15,459,855$4,621,014$144,789,564
100$349,547,788$16,084,102$4,642,532$158,960,080