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

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$164,332$162,869$161,440$160,046$158,685$156,638
2 years$81,353$79,838$78,369$76,945$75,564$73,504
3 years$53,696$52,175$50,710$49,300$47,941$45,933
4 years$39,871$38,354$36,904$35,518$34,192$32,251
5 years$31,578$30,070$28,639$27,281$25,992$24,124
6 years$26,051$24,554$23,145$21,817$20,567$18,773
7 years$22,105$20,621$19,233$17,937$16,726$15,008
8 years$19,146$17,676$16,311$15,047$13,876$12,233
9 years$16,847$15,390$14,049$12,816$11,686$10,118
10 years$15,008$13,565$12,248$11,048$9,957$8,463
11 years$13,504$12,077$10,783$9,615$8,563$7,141
12 years$12,253$10,839$9,570$8,434$7,421$6,069
13 years$11,194$9,796$8,550$7,446$6,471$5,189
14 years$10,288$8,904$7,682$6,609$5,672$4,457
15 years$9,503$8,134$6,936$5,894$4,994$3,844
16 years$8,816$7,463$6,288$5,278$4,414$3,327
17 years$8,212$6,873$5,722$4,742$3,914$2,887
18 years$7,675$6,351$5,224$4,274$3,480$2,512
19 years$7,195$5,886$4,782$3,862$3,102$2,190
20 years$6,763$5,469$4,389$3,497$2,771$1,913
21 years$6,374$5,095$4,037$3,174$2,479$1,673
22 years$6,020$4,756$3,720$2,886$2,222$1,465
23 years$5,697$4,448$3,435$2,628$1,995$1,285
24 years$5,402$4,167$3,177$2,397$1,793$1,128
25 years$5,131$3,911$2,943$2,189$1,614$991
26 years$4,881$3,676$2,729$2,002$1,453$871
27 years$4,649$3,459$2,534$1,832$1,310$767
28 years$4,435$3,259$2,356$1,679$1,182$675
29 years$4,236$3,075$2,192$1,539$1,068$595
30 years$4,051$2,904$2,042$1,413$965$524
31 years$3,878$2,745$1,904$1,298$872$462
32 years$3,716$2,598$1,776$1,192$789$407
33 years$3,564$2,460$1,658$1,097$714$359
34 years$3,421$2,331$1,550$1,009$646$317
35 years$3,287$2,211$1,449$929$586$280
36 years$3,161$2,099$1,355$855$530$247
37 years$3,041$1,993$1,269$788$481$218
38 years$2,928$1,894$1,188$726$436$193
39 years$2,822$1,801$1,113$670$395$170
40 years$2,721$1,714$1,043$618$359$150
41 years$2,625$1,632$978$570$325$133
42 years$2,534$1,554$918$526$295$117
43 years$2,447$1,480$861$486$268$104
44 years$2,364$1,411$808$448$243$92
45 years$2,286$1,346$759$414$221$81
46 years$2,211$1,284$713$382$200$72
47 years$2,139$1,225$670$353$182$63
48 years$2,071$1,170$629$327$165$56
49 years$2,006$1,117$591$302$150$49
50 years$1,943$1,067$556$279$136$44

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 $4,966 every year, while hoping to spend $39,111 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: 40/46/14 Blend
45$1,990,000$1,990,000$1,990,000$1,990,000
46$2,198,102$2,092,632$2,061,787$2,276,674
47$2,380,695$2,153,558$2,089,244$2,393,712
48$2,580,601$2,216,157$2,116,309$2,516,042
49$2,799,546$2,280,472$2,142,928$2,647,531
50$3,039,428$2,346,544$2,169,045$2,789,027
51$3,302,340$2,414,414$2,194,598$2,941,464
52$3,590,584$2,484,127$2,219,523$3,105,869
53$3,906,699$2,555,724$2,243,752$3,283,370
54$4,253,479$2,629,251$2,267,214$3,475,213
55$4,634,001$2,704,752$2,289,833$3,682,763
56$5,051,657$2,782,272$2,311,530$3,907,526
57$5,510,180$2,861,858$2,332,221$4,151,158
58$6,013,686$2,943,556$2,351,818$4,415,483
59$6,566,705$3,027,414$2,370,227$4,702,508
60$7,174,231$3,113,479$2,387,351$5,014,442
61$7,841,762$3,201,799$2,403,087$5,353,718
62$8,575,358$3,292,424$2,417,327$5,723,015
63$9,381,694$3,385,402$2,429,956$6,125,283
64$10,268,123$3,480,782$2,440,856$6,563,769
65$11,242,746$3,578,615$2,449,899$7,042,051
66$12,314,490$3,678,952$2,456,955$7,564,069
67$13,493,190$3,781,842$2,461,884$8,134,162
68$14,789,679$3,887,336$2,464,541$8,757,110
69$16,215,896$3,995,485$2,464,773$9,438,177
70$17,784,993$4,106,340$2,462,419$10,183,163
71$19,511,463$4,219,951$2,457,311$10,998,456
72$21,411,274$4,336,371$2,449,273$11,891,094
73$23,502,020$4,455,648$2,438,119$12,868,831
74$25,803,085$4,577,834$2,423,655$13,940,207
75$28,335,831$4,702,979$2,405,679$15,114,634
76$31,123,793$4,831,132$2,383,976$16,402,479
77$34,192,904$4,962,343$2,358,324$17,815,165
78$37,571,742$5,096,659$2,328,489$19,365,279
79$41,291,792$5,234,128$2,294,226$21,066,687
80$45,387,752$5,374,797$2,255,279$22,934,670
81$49,897,851$5,518,710$2,211,380$24,986,062
82$54,864,218$5,665,913$2,162,247$27,239,414
83$60,333,272$5,816,447$2,107,587$29,715,168
84$66,356,167$5,970,354$2,047,092$32,435,846
85$72,989,268$6,127,673$1,980,441$35,426,266
86$80,294,685$6,288,441$1,907,298$38,713,778
87$88,340,861$6,452,692$1,827,310$42,328,515
88$97,203,214$6,620,460$1,740,111$46,303,687
89$106,964,853$6,791,773$1,645,315$50,675,885
90$117,717,356$6,966,658$1,542,521$55,485,432
91$129,561,640$7,145,139$1,431,310$60,776,764
92$142,608,911$7,327,233$1,311,242$66,598,845
93$156,981,710$7,512,959$1,181,859$73,005,634
94$172,815,076$7,702,325$1,042,683$80,056,593
95$190,257,814$7,895,339$893,213$87,817,245
96$209,473,903$8,092,002$732,927$96,359,798
97$230,644,041$8,292,310$561,280$105,763,824
98$253,967,353$8,496,253$377,703$116,117,009
99$279,663,267$8,703,814$181,601$127,515,984
100$307,973,589$8,914,970$0$140,067,237