Can I retire at age 46 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$131,301$130,131$128,990$127,876$126,789$125,049
2 years$65,000$63,790$62,617$61,479$60,376$58,626
3 years$42,903$41,687$40,517$39,390$38,305$36,599
4 years$31,857$30,645$29,486$28,378$27,319$25,672
5 years$25,231$24,026$22,882$21,797$20,768$19,182
6 years$20,815$19,619$18,492$17,432$16,433$14,912
7 years$17,662$16,476$15,367$14,331$13,364$11,908
8 years$15,298$14,123$13,033$12,022$11,087$9,695
9 years$13,460$12,296$11,225$10,240$9,337$8,009
10 years$11,991$10,839$9,786$8,827$7,955$6,691
11 years$10,790$9,649$8,616$7,682$6,842$5,639
12 years$9,790$8,661$7,646$6,738$5,929$4,787
13 years$8,944$7,827$6,831$5,949$5,170$4,087
14 years$8,220$7,114$6,138$5,281$4,532$3,506
15 years$7,593$6,499$5,542$4,710$3,991$3,020
16 years$7,044$5,963$5,024$4,217$3,527$2,609
17 years$6,561$5,491$4,572$3,789$3,127$2,261
18 years$6,132$5,074$4,174$3,415$2,781$1,965
19 years$5,749$4,703$3,821$3,085$2,478$1,710
20 years$5,404$4,370$3,507$2,794$2,214$1,492
21 years$5,092$4,071$3,225$2,536$1,981$1,303
22 years$4,810$3,800$2,973$2,306$1,776$1,139
23 years$4,552$3,554$2,745$2,100$1,594$998
24 years$4,316$3,330$2,538$1,915$1,433$874
25 years$4,099$3,125$2,351$1,749$1,289$767
26 years$3,900$2,937$2,180$1,599$1,161$673
27 years$3,715$2,764$2,025$1,464$1,047$591
28 years$3,544$2,604$1,882$1,341$945$520
29 years$3,385$2,457$1,752$1,230$853$457
30 years$3,237$2,320$1,632$1,129$771$402
31 years$3,098$2,193$1,521$1,037$697$354
32 years$2,969$2,075$1,419$953$630$312
33 years$2,847$1,965$1,325$876$570$274
34 years$2,734$1,863$1,238$806$517$242
35 years$2,626$1,767$1,158$742$468$213
36 years$2,525$1,677$1,083$683$424$188
37 years$2,430$1,593$1,014$630$384$165
38 years$2,340$1,514$949$580$348$146
39 years$2,255$1,439$889$535$316$129
40 years$2,174$1,369$833$494$286$113
41 years$2,097$1,304$782$455$260$100
42 years$2,024$1,241$733$420$236$88
43 years$1,955$1,183$688$388$214$78
44 years$1,889$1,128$646$358$194$69
45 years$1,826$1,075$606$331$176$61
46 years$1,766$1,026$569$306$160$53
47 years$1,709$979$535$282$145$47
48 years$1,655$934$503$261$132$42
49 years$1,602$892$473$241$120$37
50 years$1,552$852$444$223$109$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,590,000, adding $5,145 every year, while hoping to spend $41,317 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: 79/9/12 Blend
45$1,590,000$1,590,000$1,590,000$1,590,000
46$1,757,487$1,673,217$1,648,572$1,891,985
47$1,892,790$1,711,244$1,659,838$2,019,150
48$2,040,509$1,749,749$1,670,097$2,152,781
49$2,201,866$1,788,713$1,679,271$2,298,200
50$2,378,209$1,828,112$1,687,279$2,456,564
51$2,571,019$1,867,922$1,694,036$2,629,153
52$2,781,928$1,908,115$1,699,451$2,817,371
53$3,012,733$1,948,661$1,703,431$3,022,771
54$3,265,412$1,989,525$1,705,876$3,247,058
55$3,542,143$2,030,671$1,706,682$3,492,112
56$3,845,326$2,072,059$1,705,740$3,760,006
57$4,177,604$2,113,644$1,702,937$4,053,021
58$4,541,885$2,155,378$1,698,151$4,373,672
59$4,941,375$2,197,210$1,691,257$4,724,728
60$5,379,605$2,239,082$1,682,123$5,109,241
61$5,860,461$2,280,934$1,670,611$5,530,572
62$6,388,226$2,322,698$1,656,575$5,992,427
63$6,967,619$2,364,304$1,639,864$6,498,887
64$7,603,836$2,405,674$1,620,318$7,054,448
65$8,302,600$2,446,725$1,597,772$7,664,067
66$9,070,218$2,487,368$1,572,051$8,333,202
67$9,913,637$2,527,506$1,542,971$9,067,871
68$10,840,510$2,567,035$1,510,342$9,874,703
69$11,859,268$2,605,846$1,473,965$10,761,002
70$12,979,199$2,643,818$1,433,629$11,734,818
71$14,210,538$2,680,826$1,389,115$12,805,022
72$15,564,558$2,716,731$1,340,196$13,981,387
73$17,053,681$2,751,389$1,286,631$15,274,684
74$18,691,593$2,784,644$1,228,170$16,696,783
75$20,493,373$2,816,329$1,164,551$18,260,763
76$22,475,635$2,846,267$1,095,501$19,981,037
77$24,656,683$2,874,268$1,020,734$21,873,488
78$27,056,687$2,900,129$939,951$23,955,619
79$29,697,870$2,923,636$852,839$26,246,717
80$32,604,717$2,944,559$759,074$28,768,040
81$35,804,209$2,962,653$658,314$31,543,009
82$39,326,075$2,977,659$550,204$34,597,437
83$43,203,070$2,989,301$434,372$37,959,770
84$47,471,290$2,997,283$310,430$41,661,356
85$52,170,506$3,001,294$177,973$45,736,739
86$57,344,542$3,001,002$36,580$50,223,988
87$63,041,687$2,996,053$0$55,165,057
88$69,315,154$2,986,074$0$60,620,813
89$76,223,575$2,970,668$0$66,633,519
90$83,831,562$2,949,412$0$73,254,695
91$92,210,308$2,921,860$0$80,546,278
92$101,438,265$2,887,537$0$88,576,523
93$111,601,884$2,845,942$0$97,420,644
94$122,796,424$2,796,541$0$107,161,521
95$135,126,859$2,738,771$0$117,890,488
96$148,708,861$2,672,034$0$129,708,192
97$163,669,899$2,595,698$0$142,725,544
98$180,150,433$2,509,091$0$157,064,763
99$198,305,248$2,411,507$0$172,860,532
100$218,304,906$2,302,194$0$190,261,272