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%11.7%
1 years$165,158$163,687$162,252$160,851$159,483$158,345
2 years$81,761$80,239$78,763$77,332$75,944$74,797
3 years$53,966$52,437$50,965$49,547$48,182$47,061
4 years$40,071$38,547$37,089$35,696$34,364$33,277
5 years$31,737$30,221$28,783$27,418$26,123$25,074
6 years$26,182$24,678$23,261$21,926$20,670$19,661
7 years$22,216$20,724$19,330$18,027$16,810$15,840
8 years$19,243$17,765$16,393$15,122$13,946$13,016
9 years$16,931$15,467$14,120$12,881$11,744$10,854
10 years$15,083$13,634$12,310$11,103$10,007$9,155
11 years$13,572$12,137$10,837$9,663$8,606$7,793
12 years$12,314$10,894$9,618$8,476$7,458$6,682
13 years$11,250$9,845$8,593$7,483$6,503$5,764
14 years$10,339$8,949$7,721$6,643$5,701$4,998
15 years$9,550$8,175$6,971$5,924$5,020$4,351
16 years$8,861$7,500$6,320$5,304$4,436$3,802
17 years$8,253$6,907$5,751$4,766$3,934$3,332
18 years$7,713$6,383$5,250$4,295$3,497$2,928
19 years$7,231$5,915$4,806$3,881$3,117$2,579
20 years$6,797$5,497$4,411$3,515$2,785$2,275
21 years$6,406$5,120$4,057$3,190$2,492$2,011
22 years$6,050$4,779$3,739$2,900$2,234$1,780
23 years$5,726$4,470$3,452$2,642$2,005$1,578
24 years$5,429$4,188$3,193$2,409$1,802$1,400
25 years$5,156$3,930$2,957$2,200$1,622$1,244
26 years$4,905$3,694$2,743$2,012$1,461$1,106
27 years$4,673$3,476$2,547$1,841$1,317$984
28 years$4,458$3,276$2,368$1,687$1,188$876
29 years$4,258$3,090$2,203$1,547$1,073$780
30 years$4,071$2,919$2,052$1,420$970$695
31 years$3,897$2,759$1,913$1,304$877$620
32 years$3,734$2,611$1,785$1,198$793$553
33 years$3,582$2,472$1,667$1,102$718$494
34 years$3,438$2,343$1,557$1,014$650$441
35 years$3,304$2,222$1,456$933$588$394
36 years$3,176$2,109$1,362$860$533$352
37 years$3,057$2,003$1,275$792$483$314
38 years$2,943$1,904$1,194$730$438$281
39 years$2,836$1,811$1,119$673$397$251
40 years$2,734$1,723$1,048$621$360$224
41 years$2,638$1,640$983$573$327$201
42 years$2,546$1,562$922$529$297$179
43 years$2,459$1,488$865$488$269$160
44 years$2,376$1,418$812$451$244$143
45 years$2,297$1,352$763$416$222$128
46 years$2,222$1,290$716$384$201$115
47 years$2,150$1,231$673$355$183$103
48 years$2,081$1,175$632$328$166$92
49 years$2,016$1,122$594$303$151$82
50 years$1,953$1,072$559$280$137$74

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 $3,127 every year, while hoping to spend $40,607 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: 74/19/7 Blend
45$2,000,000$2,000,000$2,000,000$2,000,000
46$2,207,226$2,101,226$2,070,226$2,368,233
47$2,389,157$2,160,980$2,096,373$2,534,441
48$2,588,284$2,222,302$2,122,034$2,711,023
49$2,806,319$2,285,224$2,147,152$2,903,306
50$3,045,145$2,349,782$2,171,663$3,112,831
51$3,306,838$2,416,009$2,195,502$3,341,290
52$3,593,683$2,483,940$2,218,599$3,590,551
53$3,908,196$2,553,611$2,240,880$3,862,667
54$4,253,151$2,625,057$2,262,268$4,159,901
55$4,631,600$2,698,312$2,282,681$4,484,743
56$5,046,906$2,773,413$2,302,034$4,839,938
57$5,502,775$2,850,394$2,320,237$5,228,506
58$6,003,286$2,929,292$2,337,193$5,653,777
59$6,552,936$3,010,141$2,352,803$6,119,415
60$7,156,675$3,092,978$2,366,961$6,629,458
61$7,819,958$3,177,836$2,379,557$7,188,355
62$8,548,795$3,264,752$2,390,474$7,801,003
63$9,349,807$3,353,759$2,399,590$8,472,800
64$10,230,286$3,444,893$2,406,775$9,209,692
65$11,198,269$3,538,186$2,411,895$10,018,228
66$12,262,607$3,633,672$2,414,808$10,905,624
67$13,433,055$3,731,383$2,415,366$11,879,829
68$14,720,357$3,831,352$2,413,412$12,949,602
69$16,136,354$3,933,608$2,408,781$14,124,593
70$17,694,090$4,038,183$2,401,303$15,415,432
71$19,407,937$4,145,104$2,390,797$16,833,832
72$21,293,732$4,254,400$2,377,074$18,392,701
73$23,368,923$4,366,096$2,359,937$20,106,258
74$25,652,735$4,480,216$2,339,177$21,990,170
75$28,166,352$4,596,785$2,314,577$24,061,702
76$30,933,115$4,715,822$2,285,910$26,339,875
77$33,978,741$4,837,346$2,252,937$28,845,650
78$37,331,571$4,961,374$2,215,408$31,602,121
79$41,022,830$5,087,920$2,173,063$34,634,737
80$45,086,925$5,216,995$2,125,627$37,971,540
81$49,561,771$5,348,607$2,072,815$41,643,429
82$54,489,145$5,482,762$2,014,328$45,684,451
83$59,915,081$5,619,460$1,949,851$50,132,125
84$65,890,306$5,758,700$1,879,057$55,027,794
85$72,470,716$5,900,476$1,801,605$60,417,014
86$79,717,905$6,044,775$1,717,135$66,349,987
87$87,699,746$6,191,584$1,625,273$72,882,031
88$96,491,029$6,340,880$1,525,629$80,074,103
89$106,174,169$6,492,638$1,417,792$87,993,379
90$116,839,982$6,646,826$1,301,337$96,713,879
91$128,588,544$6,803,404$1,175,815$106,317,173
92$141,530,132$6,962,327$1,040,761$116,893,147
93$155,786,267$7,123,543$895,688$128,540,856
94$171,490,860$7,286,990$740,087$141,369,451
95$188,791,474$7,452,599$573,427$155,499,216
96$207,850,721$7,620,292$395,153$171,062,701
97$228,847,789$7,789,982$204,686$188,205,974
98$251,980,143$7,961,570$1,421$207,089,999
99$277,465,377$8,134,947$0$227,892,154
100$305,543,278$8,309,991$0$250,824,003