Can I retire at age 46 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$127,172$126,039$124,934$123,855$122,802$119,736
2 years$62,956$61,784$60,647$59,546$58,477$55,408
3 years$41,554$40,376$39,243$38,152$37,100$34,123
4 years$30,855$29,681$28,559$27,486$26,460$23,599
5 years$24,437$23,270$22,163$21,112$20,115$17,376
6 years$20,160$19,002$17,911$16,883$15,916$13,304
7 years$17,106$15,958$14,884$13,881$12,944$10,458
8 years$14,817$13,679$12,623$11,644$10,738$8,378
9 years$13,037$11,910$10,872$9,918$9,043$6,806
10 years$11,614$10,498$9,478$8,550$7,705$5,588
11 years$10,451$9,346$8,345$7,441$6,627$4,627
12 years$9,482$8,388$7,406$6,527$5,743$3,857
13 years$8,663$7,580$6,617$5,762$5,008$3,233
14 years$7,961$6,890$5,945$5,115$4,390$2,721
15 years$7,354$6,295$5,368$4,562$3,865$2,299
16 years$6,823$5,775$4,866$4,084$3,416$1,948
17 years$6,355$5,319$4,428$3,670$3,029$1,654
18 years$5,939$4,915$4,042$3,307$2,693$1,408
19 years$5,568$4,555$3,701$2,988$2,400$1,201
20 years$5,234$4,233$3,396$2,707$2,144$1,025
21 years$4,932$3,943$3,124$2,456$1,919$877
22 years$4,658$3,680$2,879$2,233$1,720$750
23 years$4,409$3,442$2,658$2,034$1,544$643
24 years$4,180$3,225$2,459$1,855$1,388$551
25 years$3,970$3,026$2,277$1,694$1,249$473
26 years$3,777$2,844$2,112$1,549$1,125$406
27 years$3,598$2,677$1,961$1,418$1,014$349
28 years$3,432$2,522$1,823$1,299$915$300
29 years$3,278$2,380$1,697$1,191$826$257
30 years$3,135$2,247$1,580$1,093$747$221
31 years$3,001$2,124$1,473$1,004$675$190
32 years$2,875$2,010$1,375$923$611$164
33 years$2,758$1,904$1,283$849$553$141
34 years$2,648$1,804$1,199$781$500$121
35 years$2,544$1,711$1,121$719$453$104
36 years$2,446$1,624$1,049$662$411$90
37 years$2,354$1,543$982$610$372$77
38 years$2,266$1,466$919$562$337$67
39 years$2,184$1,394$861$518$306$57
40 years$2,105$1,326$807$478$277$49
41 years$2,031$1,263$757$441$252$42
42 years$1,961$1,202$710$407$228$37
43 years$1,894$1,146$666$376$207$31
44 years$1,830$1,092$625$347$188$27
45 years$1,769$1,041$587$320$171$23
46 years$1,711$993$552$296$155$20
47 years$1,656$948$518$273$141$17
48 years$1,603$905$487$253$128$15
49 years$1,552$864$458$234$116$13
50 years$1,504$826$430$216$106$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,540,000, adding $5,820 every year, while hoping to spend $35,540 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: 41/49/10 Blend
45$1,540,000$1,540,000$1,540,000$1,540,000
46$1,703,083$1,621,463$1,597,593$1,767,631
47$1,838,984$1,663,101$1,613,298$1,855,090
48$1,987,554$1,705,587$1,628,338$1,945,693
49$2,150,051$1,748,927$1,642,654$2,042,954
50$2,327,855$1,793,123$1,656,181$2,147,492
51$2,522,487$1,838,177$1,668,854$2,259,989
52$2,735,623$1,884,091$1,680,604$2,381,196
53$2,969,109$1,930,863$1,691,356$2,511,938
54$3,224,975$1,978,492$1,701,033$2,653,125
55$3,505,459$2,026,975$1,709,555$2,805,757
56$3,813,027$2,076,307$1,716,836$2,970,938
57$4,150,391$2,126,482$1,722,785$3,149,880
58$4,520,543$2,177,492$1,727,310$3,343,921
59$4,926,774$2,229,325$1,730,311$3,554,533
60$5,372,713$2,281,970$1,731,684$3,783,339
61$5,862,355$2,335,411$1,731,321$4,032,124
62$6,400,102$2,389,633$1,729,107$4,302,858
63$6,990,802$2,444,615$1,724,922$4,597,708
64$7,639,797$2,500,334$1,718,640$4,919,063
65$8,352,971$2,556,765$1,710,129$5,269,556
66$9,136,808$2,613,880$1,699,252$5,652,087
67$9,998,448$2,671,647$1,685,863$6,069,850
68$10,945,761$2,730,029$1,669,811$6,526,368
69$11,987,416$2,788,987$1,650,936$7,025,521
70$13,132,962$2,848,477$1,629,073$7,571,584
71$14,392,923$2,908,452$1,604,046$8,169,269
72$15,778,893$2,968,858$1,575,673$8,823,768
73$17,303,646$3,029,637$1,543,763$9,540,804
74$18,981,255$3,090,727$1,508,117$10,326,683
75$20,827,229$3,152,058$1,468,525$11,188,354
76$22,858,653$3,213,556$1,424,767$12,133,476
77$25,094,354$3,275,139$1,376,616$13,170,492
78$27,555,077$3,336,719$1,323,831$14,308,702
79$30,263,678$3,398,202$1,266,163$15,558,360
80$33,245,343$3,459,484$1,203,349$16,930,766
81$36,527,823$3,520,453$1,135,116$18,438,373
82$40,141,697$3,580,991$1,061,178$20,094,905
83$44,120,659$3,640,969$981,237$21,915,491
84$48,501,838$3,700,247$894,979$23,916,802
85$53,326,143$3,758,678$802,079$26,117,212
86$58,638,658$3,816,101$702,197$28,536,973
87$64,489,056$3,872,345$594,975$31,198,405
88$70,932,076$3,927,226$480,043$34,126,106
89$78,028,036$3,980,548$357,013$37,347,190
90$85,843,402$4,032,102$225,479$40,891,537
91$94,451,415$4,081,661$85,019$44,792,079
92$103,932,783$4,128,986$0$49,085,114
93$114,376,442$4,173,821$0$53,817,568
94$125,880,392$4,215,892$0$59,036,739
95$138,552,629$4,254,907$0$64,782,188
96$152,512,156$4,290,556$0$71,107,525
97$167,890,110$4,322,507$0$78,071,829
98$184,830,999$4,350,408$0$85,740,211
99$203,494,065$4,373,883$0$94,184,426
100$224,054,790$4,392,533$0$103,483,555