Can I retire at age 46 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$165,158$163,687$162,252$160,851$159,483$156,583
2 years$81,761$80,239$78,763$77,332$75,944$73,033
3 years$53,966$52,437$50,965$49,547$48,182$45,350
4 years$40,071$38,547$37,089$35,696$34,364$31,633
5 years$31,737$30,221$28,783$27,418$26,123$23,501
6 years$26,182$24,678$23,261$21,926$20,670$18,161
7 years$22,216$20,724$19,330$18,027$16,810$14,413
8 years$19,243$17,765$16,393$15,122$13,946$11,661
9 years$16,931$15,467$14,120$12,881$11,744$9,570
10 years$15,083$13,634$12,310$11,103$10,007$7,941
11 years$13,572$12,137$10,837$9,663$8,606$6,647
12 years$12,314$10,894$9,618$8,476$7,458$5,602
13 years$11,250$9,845$8,593$7,483$6,503$4,749
14 years$10,339$8,949$7,721$6,643$5,701$4,044
15 years$9,550$8,175$6,971$5,924$5,020$3,457
16 years$8,861$7,500$6,320$5,304$4,436$2,964
17 years$8,253$6,907$5,751$4,766$3,934$2,549
18 years$7,713$6,383$5,250$4,295$3,497$2,197
19 years$7,231$5,915$4,806$3,881$3,117$1,897
20 years$6,797$5,497$4,411$3,515$2,785$1,641
21 years$6,406$5,120$4,057$3,190$2,492$1,421
22 years$6,050$4,779$3,739$2,900$2,234$1,233
23 years$5,726$4,470$3,452$2,642$2,005$1,070
24 years$5,429$4,188$3,193$2,409$1,802$930
25 years$5,156$3,930$2,957$2,200$1,622$809
26 years$4,905$3,694$2,743$2,012$1,461$704
27 years$4,673$3,476$2,547$1,841$1,317$613
28 years$4,458$3,276$2,368$1,687$1,188$534
29 years$4,258$3,090$2,203$1,547$1,073$465
30 years$4,071$2,919$2,052$1,420$970$406
31 years$3,897$2,759$1,913$1,304$877$354
32 years$3,734$2,611$1,785$1,198$793$309
33 years$3,582$2,472$1,667$1,102$718$269
34 years$3,438$2,343$1,557$1,014$650$235
35 years$3,304$2,222$1,456$933$588$205
36 years$3,176$2,109$1,362$860$533$179
37 years$3,057$2,003$1,275$792$483$156
38 years$2,943$1,904$1,194$730$438$137
39 years$2,836$1,811$1,119$673$397$119
40 years$2,734$1,723$1,048$621$360$104
41 years$2,638$1,640$983$573$327$91
42 years$2,546$1,562$922$529$297$80
43 years$2,459$1,488$865$488$269$70
44 years$2,376$1,418$812$451$244$61
45 years$2,297$1,352$763$416$222$53
46 years$2,222$1,290$716$384$201$46
47 years$2,150$1,231$673$355$183$41
48 years$2,081$1,175$632$328$166$35
49 years$2,016$1,122$594$303$151$31
50 years$1,953$1,072$559$280$137$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $2,000,000, adding $3,299 every year, while hoping to spend $46,101 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: 48/42/10 Blend
45$2,000,000$2,000,000$2,000,000$2,000,000
46$2,207,403$2,101,403$2,070,403$2,307,192
47$2,383,507$2,155,321$2,090,710$2,430,021
48$2,576,028$2,210,335$2,110,153$2,558,218
49$2,786,593$2,266,451$2,128,653$2,696,350
50$3,016,992$2,323,674$2,146,129$2,845,358
51$3,269,195$2,382,004$2,162,494$3,006,278
52$3,545,374$2,441,443$2,177,659$3,180,248
53$3,847,919$2,501,991$2,191,527$3,368,523
54$4,179,463$2,563,644$2,203,999$3,572,484
55$4,542,904$2,626,398$2,214,969$3,793,652
56$4,941,436$2,690,247$2,224,326$4,033,702
57$5,378,575$2,755,183$2,231,954$4,294,477
58$5,858,196$2,821,193$2,237,731$4,578,011
59$6,384,565$2,888,264$2,241,528$4,886,540
60$6,962,381$2,956,380$2,243,210$5,222,530
61$7,596,823$3,025,521$2,242,636$5,588,695
62$8,293,592$3,095,665$2,239,658$5,988,029
63$9,058,972$3,166,786$2,234,120$6,423,825
64$9,899,882$3,238,854$2,225,858$6,899,716
65$10,823,948$3,311,835$2,214,702$7,419,702
66$11,839,568$3,385,692$2,200,471$7,988,190
67$12,955,995$3,460,383$2,182,979$8,610,038
68$14,183,426$3,535,861$2,162,028$9,290,598
69$15,533,090$3,612,073$2,137,411$10,035,766
70$17,017,364$3,688,963$2,108,913$10,852,041
71$18,649,880$3,766,468$2,076,306$11,746,584
72$20,445,661$3,844,517$2,039,355$12,727,285
73$22,421,256$3,923,036$1,997,811$13,802,840
74$24,594,901$4,001,942$1,951,415$14,982,833
75$26,986,688$4,081,144$1,899,895$16,277,824
76$29,618,756$4,160,546$1,842,966$17,699,449
77$32,515,496$4,240,039$1,780,333$19,260,536
78$35,703,786$4,319,511$1,711,683$20,975,218
79$39,213,240$4,398,835$1,636,693$22,859,072
80$43,076,490$4,477,878$1,555,022$24,929,265
81$47,329,492$4,556,494$1,466,315$27,204,715
82$52,011,865$4,634,527$1,370,201$29,706,272
83$57,167,265$4,711,808$1,266,293$32,456,916
84$62,843,797$4,788,158$1,154,185$35,481,970
85$69,094,468$4,863,381$1,033,453$38,809,344
86$75,977,686$4,937,268$903,656$42,469,796
87$83,557,813$5,009,598$764,331$46,497,225
88$91,905,770$5,080,129$614,997$50,928,991
89$101,099,709$5,148,605$455,150$55,806,267
90$111,225,745$5,214,753$284,263$61,174,432
91$122,378,774$5,278,278$101,789$67,083,495
92$134,663,364$5,338,869$0$73,588,572
93$148,194,743$5,396,190$0$80,760,322
94$163,099,888$5,449,885$0$88,668,009
95$179,518,721$5,499,573$0$97,374,604
96$197,605,428$5,544,849$0$106,961,487
97$217,529,916$5,585,281$0$117,518,343
98$239,479,417$5,620,410$0$129,144,006
99$263,660,253$5,649,745$0$141,947,397
100$290,299,784$5,672,767$0$156,048,550