Can I retire at age 46 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$128,823$127,676$126,556$125,464$124,397$121,439
2 years$63,774$62,586$61,435$60,319$59,236$56,274
3 years$42,094$40,901$39,753$38,647$37,582$34,707
4 years$31,256$30,066$28,930$27,843$26,804$24,039
5 years$24,754$23,572$22,451$21,386$20,376$17,728
6 years$20,422$19,249$18,143$17,103$16,123$13,595
7 years$17,328$16,165$15,077$14,061$13,112$10,705
8 years$15,009$13,856$12,787$11,795$10,878$8,591
9 years$13,206$12,064$11,013$10,047$9,161$6,992
10 years$11,765$10,634$9,602$8,661$7,805$5,752
11 years$10,586$9,467$8,453$7,537$6,713$4,772
12 years$9,605$8,497$7,502$6,611$5,817$3,985
13 years$8,775$7,679$6,702$5,837$5,073$3,347
14 years$8,065$6,980$6,022$5,181$4,447$2,823
15 years$7,449$6,376$5,437$4,621$3,915$2,390
16 years$6,911$5,850$4,930$4,137$3,460$2,029
17 years$6,437$5,388$4,486$3,717$3,068$1,727
18 years$6,016$4,979$4,095$3,350$2,728$1,474
19 years$5,640$4,614$3,749$3,027$2,432$1,259
20 years$5,302$4,288$3,440$2,742$2,172$1,078
21 years$4,996$3,994$3,164$2,488$1,944$924
22 years$4,719$3,728$2,917$2,262$1,742$793
23 years$4,466$3,487$2,693$2,060$1,564$681
24 years$4,235$3,267$2,491$1,879$1,406$585
25 years$4,022$3,066$2,307$1,716$1,265$503
26 years$3,826$2,881$2,139$1,569$1,139$433
27 years$3,645$2,712$1,987$1,436$1,027$373
28 years$3,477$2,555$1,847$1,316$927$321
29 years$3,321$2,411$1,719$1,207$837$276
30 years$3,175$2,276$1,601$1,108$756$238
31 years$3,040$2,152$1,492$1,017$684$205
32 years$2,913$2,036$1,392$935$618$177
33 years$2,794$1,928$1,300$860$560$153
34 years$2,682$1,828$1,215$791$507$132
35 years$2,577$1,733$1,136$728$459$114
36 years$2,478$1,645$1,062$671$416$98
37 years$2,384$1,563$994$618$377$85
38 years$2,296$1,485$931$569$342$73
39 years$2,212$1,412$872$525$310$63
40 years$2,133$1,344$818$484$281$54
41 years$2,058$1,279$767$447$255$47
42 years$1,986$1,218$719$412$231$41
43 years$1,918$1,161$675$381$210$35
44 years$1,854$1,106$634$351$191$30
45 years$1,792$1,055$595$325$173$26
46 years$1,733$1,006$559$300$157$23
47 years$1,677$960$525$277$143$19
48 years$1,623$917$493$256$130$17
49 years$1,572$875$464$237$118$15
50 years$1,523$836$436$219$107$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,560,000, adding $5,504 every year, while hoping to spend $59,220 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: 64/19/17 Blend
45$1,560,000$1,560,000$1,560,000$1,560,000
46$1,724,797$1,642,117$1,617,937$1,827,563
47$1,837,717$1,659,572$1,609,129$1,914,649
48$1,960,170$1,675,896$1,598,040$2,002,477
49$2,093,065$1,690,973$1,584,533$2,097,002
50$2,237,404$1,704,677$1,568,461$2,198,879
51$2,394,288$1,716,875$1,549,672$2,308,830
52$2,564,926$1,727,423$1,528,008$2,427,654
53$2,750,652$1,736,170$1,503,299$2,556,232
54$2,952,931$1,742,955$1,475,372$2,695,533
55$3,173,377$1,747,606$1,444,044$2,846,629
56$3,413,764$1,749,942$1,409,122$3,010,704
57$3,676,047$1,749,768$1,370,407$3,189,061
58$3,962,377$1,746,879$1,327,688$3,383,139
59$4,275,120$1,741,057$1,280,747$3,594,527
60$4,616,883$1,732,070$1,229,353$3,824,976
61$4,990,536$1,719,672$1,173,267$4,076,419
62$5,399,237$1,703,602$1,112,238$4,350,989
63$5,846,466$1,683,585$1,046,004$4,651,037
64$6,336,051$1,659,327$974,291$4,979,159
65$6,872,212$1,630,517$896,813$5,338,218
66$7,459,592$1,596,827$813,271$5,731,371
67$8,103,307$1,557,908$723,352$6,162,103
68$8,808,990$1,513,392$626,731$6,634,255
69$9,582,847$1,462,887$523,065$7,152,066
70$10,431,709$1,405,981$412,000$7,720,212
71$11,363,106$1,342,236$293,164$8,343,848
72$12,385,326$1,271,189$166,169$9,028,663
73$13,507,503$1,192,352$30,610$9,780,928
74$14,739,697$1,105,206$0$10,607,561
75$16,092,989$1,009,204$0$11,536,882
76$17,579,588$903,768$0$12,563,884
77$19,212,940$788,287$0$13,692,372
78$21,007,861$662,114$0$14,932,667
79$22,980,673$524,568$0$16,296,142
80$25,149,358$374,928$0$17,795,336
81$27,533,725$212,432$0$19,444,069
82$30,155,600$36,276$0$21,257,571
83$33,039,029$0$0$23,252,634
84$36,210,506$0$0$25,480,043
85$39,699,222$0$0$27,938,721
86$43,537,336$0$0$30,643,766
87$47,760,285$0$0$33,620,166
88$52,407,112$0$0$36,895,458
89$57,520,837$0$0$40,499,979
90$63,148,860$0$0$44,467,160
91$69,343,409$0$0$48,833,832
92$76,162,034$0$0$53,640,582
93$83,668,145$0$0$58,932,130
94$91,931,613$0$0$64,757,752
95$101,029,428$0$0$71,171,746
96$111,046,425$0$0$78,233,942
97$122,076,084$0$0$86,010,266
98$134,221,410$0$0$94,573,363
99$147,595,906$0$0$104,003,283
100$162,324,645$0$0$114,388,234