Can I retire at age 46 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$125,520$124,402$123,311$122,247$121,207$117,942
2 years$62,139$60,981$59,860$58,772$57,718$54,452
3 years$41,014$39,852$38,733$37,656$36,618$33,453
4 years$30,454$29,295$28,188$27,129$26,117$23,077
5 years$24,120$22,968$21,875$20,838$19,853$16,948
6 years$19,898$18,755$17,678$16,664$15,709$12,940
7 years$16,884$15,751$14,691$13,700$12,776$10,143
8 years$14,624$13,501$12,459$11,493$10,599$8,102
9 years$12,868$11,755$10,731$9,789$8,926$6,562
10 years$11,463$10,362$9,355$8,439$7,605$5,371
11 years$10,315$9,224$8,236$7,344$6,541$4,433
12 years$9,359$8,279$7,310$6,442$5,668$3,684
13 years$8,550$7,482$6,531$5,687$4,943$3,077
14 years$7,858$6,801$5,868$5,048$4,333$2,581
15 years$7,258$6,213$5,298$4,502$3,815$2,173
16 years$6,734$5,700$4,803$4,031$3,372$1,834
17 years$6,272$5,250$4,371$3,622$2,989$1,553
18 years$5,862$4,851$3,990$3,264$2,658$1,317
19 years$5,495$4,496$3,653$2,950$2,369$1,118
20 years$5,166$4,178$3,352$2,671$2,116$952
21 years$4,868$3,891$3,083$2,424$1,894$810
22 years$4,598$3,632$2,842$2,204$1,698$691
23 years$4,352$3,397$2,624$2,008$1,524$590
24 years$4,126$3,183$2,427$1,831$1,370$504
25 years$3,919$2,987$2,248$1,672$1,232$430
26 years$3,728$2,807$2,084$1,529$1,110$368
27 years$3,551$2,642$1,936$1,399$1,001$315
28 years$3,388$2,490$1,799$1,282$903$269
29 years$3,236$2,349$1,675$1,176$815$230
30 years$3,094$2,218$1,560$1,079$737$197
31 years$2,962$2,097$1,454$991$666$169
32 years$2,838$1,984$1,357$911$603$145
33 years$2,722$1,879$1,267$838$545$124
34 years$2,613$1,781$1,184$771$494$106
35 years$2,511$1,689$1,107$709$447$91
36 years$2,414$1,603$1,035$653$405$78
37 years$2,323$1,523$969$602$367$67
38 years$2,237$1,447$907$555$333$57
39 years$2,155$1,376$850$512$302$49
40 years$2,078$1,309$797$472$274$42
41 years$2,005$1,246$747$435$248$36
42 years$1,935$1,187$701$402$225$31
43 years$1,869$1,131$658$371$205$27
44 years$1,806$1,078$617$342$186$23
45 years$1,746$1,028$580$316$169$20
46 years$1,689$981$544$292$153$17
47 years$1,634$936$511$270$139$14
48 years$1,582$893$481$249$126$12
49 years$1,532$853$452$231$115$11
50 years$1,484$815$425$213$104$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,520,000, adding $5,103 every year, while hoping to spend $35,077 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: 74/5/21 Blend
45$1,520,000$1,520,000$1,520,000$1,520,000
46$1,680,304$1,599,744$1,576,184$1,795,800
47$1,814,373$1,640,810$1,591,664$1,914,263
48$1,960,942$1,682,712$1,606,488$2,039,302
49$2,121,248$1,725,455$1,620,595$2,175,435
50$2,296,654$1,769,041$1,633,924$2,323,761
51$2,488,662$1,813,473$1,646,410$2,485,489
52$2,698,924$1,858,751$1,657,982$2,661,953
53$2,929,259$1,904,875$1,668,570$2,854,621
54$3,181,673$1,951,843$1,678,096$3,065,110
55$3,458,372$1,999,652$1,686,481$3,295,204
56$3,761,787$2,048,297$1,693,640$3,546,866
57$4,094,597$2,097,771$1,699,484$3,822,262
58$4,459,750$2,148,066$1,703,921$4,123,774
59$4,860,496$2,199,172$1,706,853$4,454,031
60$5,300,411$2,251,077$1,708,178$4,815,929
61$5,783,439$2,303,765$1,707,788$5,212,656
62$6,313,921$2,357,221$1,705,570$5,647,730
63$6,896,640$2,411,423$1,701,405$6,125,024
64$7,536,865$2,466,351$1,695,170$6,648,806
65$8,240,401$2,521,978$1,686,734$7,223,782
66$9,013,643$2,578,277$1,675,961$7,855,135
67$9,863,637$2,635,214$1,662,708$8,548,578
68$10,798,144$2,692,756$1,646,825$9,310,407
69$11,825,716$2,750,863$1,628,155$10,147,558
70$12,955,775$2,809,490$1,606,534$11,067,678
71$14,198,700$2,868,591$1,581,789$12,079,192
72$15,565,929$2,928,114$1,553,740$13,191,385
73$17,070,062$2,988,000$1,522,199$14,414,488
74$18,724,984$3,048,188$1,486,968$15,759,778
75$20,545,992$3,108,608$1,447,841$17,239,681
76$22,549,941$3,169,188$1,404,602$18,867,893
77$24,755,404$3,229,846$1,357,024$20,659,504
78$27,182,842$3,290,496$1,304,872$22,631,147
79$29,854,804$3,351,043$1,247,897$24,801,150
80$32,796,135$3,411,384$1,185,842$27,189,713
81$36,034,210$3,471,411$1,118,437$29,819,095
82$39,599,193$3,531,005$1,045,399$32,713,829
83$43,524,325$3,590,038$966,434$35,900,949
84$47,846,229$3,648,373$881,232$39,410,248
85$52,605,263$3,705,862$789,473$43,274,560
86$57,845,899$3,762,348$690,819$47,530,070
87$63,617,139$3,817,662$584,920$52,216,653
88$69,972,981$3,871,620$471,408$57,378,254
89$76,972,925$3,924,030$349,901$63,063,303
90$84,682,539$3,974,684$219,998$69,325,170
91$93,174,073$4,023,358$81,282$76,222,671
92$102,527,141$4,069,815$0$83,820,626
93$112,829,476$4,113,802$0$92,205,422
94$124,177,752$4,155,048$0$101,461,231
95$136,678,502$4,193,265$0$111,656,680
96$150,449,120$4,228,145$0$122,887,485
97$165,618,967$4,259,361$0$135,259,119
98$182,330,595$4,286,563$0$148,887,812
99$200,741,092$4,309,381$0$163,901,646
100$221,023,562$4,327,420$0$180,441,762