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

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 $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%19.2%
1 years$165,158$163,687$162,252$160,851$159,483$153,580
2 years$81,761$80,239$78,763$77,332$75,944$70,064
3 years$53,966$52,437$50,965$49,547$48,182$42,509
4 years$40,071$38,547$37,089$35,696$34,364$28,942
5 years$31,737$30,221$28,783$27,418$26,123$20,965
6 years$26,182$24,678$23,261$21,926$20,670$15,781
7 years$22,216$20,724$19,330$18,027$16,810$12,189
8 years$19,243$17,765$16,393$15,122$13,946$9,587
9 years$16,931$15,467$14,120$12,881$11,744$7,643
10 years$15,083$13,634$12,310$11,103$10,007$6,155
11 years$13,572$12,137$10,837$9,663$8,606$4,995
12 years$12,314$10,894$9,618$8,476$7,458$4,079
13 years$11,250$9,845$8,593$7,483$6,503$3,348
14 years$10,339$8,949$7,721$6,643$5,701$2,758
15 years$9,550$8,175$6,971$5,924$5,020$2,279
16 years$8,861$7,500$6,320$5,304$4,436$1,889
17 years$8,253$6,907$5,751$4,766$3,934$1,568
18 years$7,713$6,383$5,250$4,295$3,497$1,305
19 years$7,231$5,915$4,806$3,881$3,117$1,087
20 years$6,797$5,497$4,411$3,515$2,785$906
21 years$6,406$5,120$4,057$3,190$2,492$757
22 years$6,050$4,779$3,739$2,900$2,234$632
23 years$5,726$4,470$3,452$2,642$2,005$528
24 years$5,429$4,188$3,193$2,409$1,802$442
25 years$5,156$3,930$2,957$2,200$1,622$370
26 years$4,905$3,694$2,743$2,012$1,461$310
27 years$4,673$3,476$2,547$1,841$1,317$259
28 years$4,458$3,276$2,368$1,687$1,188$217
29 years$4,258$3,090$2,203$1,547$1,073$182
30 years$4,071$2,919$2,052$1,420$970$153
31 years$3,897$2,759$1,913$1,304$877$128
32 years$3,734$2,611$1,785$1,198$793$107
33 years$3,582$2,472$1,667$1,102$718$90
34 years$3,438$2,343$1,557$1,014$650$75
35 years$3,304$2,222$1,456$933$588$63
36 years$3,176$2,109$1,362$860$533$53
37 years$3,057$2,003$1,275$792$483$44
38 years$2,943$1,904$1,194$730$438$37
39 years$2,836$1,811$1,119$673$397$31
40 years$2,734$1,723$1,048$621$360$26
41 years$2,638$1,640$983$573$327$22
42 years$2,546$1,562$922$529$297$18
43 years$2,459$1,488$865$488$269$15
44 years$2,376$1,418$812$451$244$13
45 years$2,297$1,352$763$416$222$11
46 years$2,222$1,290$716$384$201$9
47 years$2,150$1,231$673$355$183$8
48 years$2,081$1,175$632$328$166$6
49 years$2,016$1,122$594$303$151$5
50 years$1,953$1,072$559$280$137$5

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 $3,339 every year, while hoping to spend $33,452 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: 49/26/25 Blend
45$2,000,000$2,000,000$2,000,000$2,000,000
46$2,207,444$2,101,444$2,070,444$2,299,830
47$2,397,011$2,168,822$2,104,211$2,432,069
48$2,604,792$2,238,381$2,137,989$2,572,045
49$2,832,611$2,310,191$2,171,741$2,723,451
50$3,082,474$2,384,327$2,205,431$2,887,381
51$3,356,592$2,460,865$2,239,019$3,065,040
52$3,657,402$2,539,885$2,272,463$3,257,755
53$3,987,584$2,621,467$2,305,719$3,466,983
54$4,350,095$2,705,696$2,338,738$3,694,331
55$4,748,189$2,792,660$2,371,470$3,941,569
56$5,185,452$2,882,447$2,403,861$4,210,642
57$5,665,833$2,975,153$2,435,856$4,503,695
58$6,193,685$3,070,871$2,467,393$4,823,087
59$6,773,800$3,169,704$2,498,410$5,171,420
60$7,411,460$3,271,752$2,528,840$5,551,554
61$8,112,484$3,377,122$2,558,611$5,966,643
62$8,883,281$3,485,925$2,587,648$6,420,159
63$9,730,915$3,598,274$2,615,873$6,915,925
64$10,663,165$3,714,287$2,643,202$7,458,155
65$11,688,606$3,834,085$2,669,547$8,051,488
66$12,816,682$3,957,793$2,694,815$8,701,035
67$14,057,801$4,085,542$2,718,909$9,412,425
68$15,423,429$4,217,466$2,741,725$10,191,861
69$16,926,200$4,353,704$2,763,154$11,046,175
70$18,580,037$4,494,399$2,783,084$11,982,894
71$20,400,276$4,639,701$2,801,393$13,010,310
72$22,403,820$4,789,762$2,817,955$14,137,558
73$24,609,291$4,944,741$2,832,638$15,374,704
74$27,037,209$5,104,804$2,845,302$16,732,837
75$29,710,184$5,270,119$2,855,799$18,224,175
76$32,653,131$5,440,863$2,863,976$19,862,179
77$35,893,502$5,617,217$2,869,672$21,661,681
78$39,461,548$5,799,370$2,872,715$23,639,023
79$43,390,603$5,987,516$2,872,927$25,812,212
80$47,717,397$6,181,856$2,870,123$28,201,089
81$52,482,403$6,382,599$2,864,104$30,827,515
82$57,730,222$6,589,961$2,854,665$33,715,578
83$63,509,999$6,804,163$2,841,591$36,891,821
84$69,875,889$7,025,437$2,824,654$40,385,492
85$76,887,567$7,254,021$2,803,618$44,228,818
86$84,610,794$7,490,162$2,778,233$48,457,311
87$93,118,031$7,734,117$2,748,240$53,110,103
88$102,489,130$7,986,148$2,713,366$58,230,313
89$112,812,082$8,246,531$2,673,325$63,865,457
90$124,183,851$8,515,547$2,627,818$70,067,891
91$136,711,286$8,793,491$2,576,532$76,895,314
92$150,512,131$9,080,666$2,519,140$84,411,301
93$165,716,135$9,377,386$2,455,298$92,685,913
94$182,466,279$9,683,975$2,384,648$101,796,353
95$200,920,120$10,000,771$2,306,815$111,827,693
96$221,251,286$10,328,122$2,221,406$122,873,683
97$243,651,105$10,666,388$2,128,011$135,037,630
98$268,330,420$11,015,943$2,026,202$148,433,375
99$295,521,573$11,377,174$1,915,529$163,186,368
100$325,480,598$11,750,481$1,795,525$179,434,852