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%15.2%
1 years$164,332$162,869$161,440$160,046$158,685$155,291
2 years$81,353$79,838$78,369$76,945$75,564$72,161
3 years$53,696$52,175$50,710$49,300$47,941$44,635
4 years$39,871$38,354$36,904$35,518$34,192$31,009
5 years$31,578$30,070$28,639$27,281$25,992$22,941
6 years$26,051$24,554$23,145$21,817$20,567$17,651
7 years$22,105$20,621$19,233$17,937$16,726$13,946
8 years$19,146$17,676$16,311$15,047$13,876$11,230
9 years$16,847$15,390$14,049$12,816$11,686$9,173
10 years$15,008$13,565$12,248$11,048$9,957$7,574
11 years$13,504$12,077$10,783$9,615$8,563$6,308
12 years$12,253$10,839$9,570$8,434$7,421$5,289
13 years$11,194$9,796$8,550$7,446$6,471$4,459
14 years$10,288$8,904$7,682$6,609$5,672$3,777
15 years$9,503$8,134$6,936$5,894$4,994$3,211
16 years$8,816$7,463$6,288$5,278$4,414$2,738
17 years$8,212$6,873$5,722$4,742$3,914$2,341
18 years$7,675$6,351$5,224$4,274$3,480$2,006
19 years$7,195$5,886$4,782$3,862$3,102$1,722
20 years$6,763$5,469$4,389$3,497$2,771$1,480
21 years$6,374$5,095$4,037$3,174$2,479$1,274
22 years$6,020$4,756$3,720$2,886$2,222$1,098
23 years$5,697$4,448$3,435$2,628$1,995$948
24 years$5,402$4,167$3,177$2,397$1,793$818
25 years$5,131$3,911$2,943$2,189$1,614$707
26 years$4,881$3,676$2,729$2,002$1,453$611
27 years$4,649$3,459$2,534$1,832$1,310$529
28 years$4,435$3,259$2,356$1,679$1,182$458
29 years$4,236$3,075$2,192$1,539$1,068$396
30 years$4,051$2,904$2,042$1,413$965$343
31 years$3,878$2,745$1,904$1,298$872$297
32 years$3,716$2,598$1,776$1,192$789$258
33 years$3,564$2,460$1,658$1,097$714$223
34 years$3,421$2,331$1,550$1,009$646$194
35 years$3,287$2,211$1,449$929$586$168
36 years$3,161$2,099$1,355$855$530$146
37 years$3,041$1,993$1,269$788$481$126
38 years$2,928$1,894$1,188$726$436$110
39 years$2,822$1,801$1,113$670$395$95
40 years$2,721$1,714$1,043$618$359$82
41 years$2,625$1,632$978$570$325$72
42 years$2,534$1,554$918$526$295$62
43 years$2,447$1,480$861$486$268$54
44 years$2,364$1,411$808$448$243$47
45 years$2,286$1,346$759$414$221$41
46 years$2,211$1,284$713$382$200$35
47 years$2,139$1,225$670$353$182$31
48 years$2,071$1,170$629$327$165$27
49 years$2,006$1,117$591$302$150$23
50 years$1,943$1,067$556$279$136$20

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 $4,103 every year, while hoping to spend $24,403 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: 46/37/17 Blend
45$1,990,000$1,990,000$1,990,000$1,990,000
46$2,197,212$2,091,742$2,060,897$2,287,469
47$2,395,363$2,168,273$2,103,973$2,427,324
48$2,612,908$2,247,736$2,147,673$2,576,179
49$2,851,798$2,330,249$2,191,994$2,737,150
50$3,114,185$2,415,935$2,236,930$2,911,373
51$3,402,438$2,504,921$2,282,473$3,100,098
52$3,719,167$2,597,343$2,328,616$3,304,698
53$4,067,247$2,693,338$2,375,349$3,526,684
54$4,449,846$2,793,051$2,422,663$3,767,715
55$4,870,454$2,896,634$2,470,546$4,029,618
56$5,332,916$3,004,245$2,518,985$4,314,401
57$5,841,468$3,116,047$2,567,965$4,624,271
58$6,400,776$3,232,212$2,617,471$4,961,660
59$7,015,984$3,352,919$2,667,485$5,329,240
60$7,692,756$3,478,354$2,717,988$5,729,951
61$8,437,335$3,608,711$2,768,958$6,167,031
62$9,256,599$3,744,193$2,820,373$6,644,039
63$10,158,125$3,885,012$2,872,209$7,164,896
64$11,150,263$4,031,387$2,924,437$7,733,915
65$12,242,214$4,183,548$2,977,030$8,355,843
66$13,444,114$4,341,737$3,029,955$9,035,908
67$14,767,134$4,506,202$3,083,178$9,779,862
68$16,223,581$4,677,205$3,136,664$10,594,040
69$17,827,016$4,855,019$3,190,373$11,485,416
70$19,592,384$5,039,927$3,244,263$12,461,668
71$21,536,151$5,232,227$3,298,289$13,531,249
72$23,676,460$5,432,228$3,352,403$14,703,471
73$26,033,305$5,640,253$3,406,555$15,988,583
74$28,628,716$5,856,639$3,460,688$17,397,875
75$31,486,969$6,081,738$3,514,745$18,943,780
76$34,634,815$6,315,919$3,568,664$20,639,990
77$38,101,731$6,559,563$3,622,379$22,501,584
78$41,920,198$6,813,073$3,675,820$24,545,172
79$46,126,010$7,076,865$3,728,912$26,789,048
80$50,758,609$7,351,377$3,781,576$29,253,359
81$55,861,456$7,637,064$3,833,728$31,960,302
82$61,482,446$7,934,401$3,885,279$34,934,324
83$67,674,355$8,243,887$3,936,136$38,202,353
84$74,495,341$8,566,039$3,986,198$41,794,057
85$82,009,491$8,901,400$4,035,361$45,742,114
86$90,287,427$9,250,536$4,083,513$50,082,523
87$99,406,970$9,614,039$4,130,537$54,854,944
88$109,453,879$9,992,525$4,176,308$60,103,067
89$120,522,656$10,386,639$4,220,695$65,875,024
90$132,717,439$10,797,057$4,263,561$72,223,843
91$146,152,987$11,224,481$4,304,758$79,207,944
92$160,955,758$11,669,648$4,344,135$86,891,693
93$177,265,111$12,133,326$4,381,529$95,346,000
94$195,234,611$12,616,318$4,416,769$104,648,995
95$215,033,486$13,119,462$4,449,675$114,886,757
96$236,848,223$13,643,637$4,480,061$126,154,126
97$260,884,324$14,189,758$4,507,725$138,555,597
98$287,368,252$14,758,782$4,532,460$152,206,304
99$316,549,562$15,351,711$4,554,046$167,233,102
100$348,703,263$15,969,591$4,572,253$183,775,762