Can I retire at age 46 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$132,952$131,768$130,613$129,485$128,384$123,977
2 years$65,818$64,592$63,404$62,252$61,135$56,740
3 years$43,443$42,212$41,027$39,886$38,787$34,541
4 years$32,257$31,030$29,857$28,735$27,663$23,600
5 years$25,548$24,328$23,170$22,072$21,029$17,159
6 years$21,076$19,866$18,725$17,651$16,639$12,966
7 years$17,884$16,683$15,561$14,512$13,532$10,054
8 years$15,490$14,300$13,197$12,173$11,226$7,941
9 years$13,630$12,451$11,366$10,369$9,454$6,358
10 years$12,142$10,975$9,909$8,938$8,055$5,143
11 years$10,926$9,770$8,724$7,779$6,928$4,193
12 years$9,913$8,769$7,742$6,823$6,004$3,440
13 years$9,056$7,925$6,917$6,024$5,235$2,837
14 years$8,323$7,204$6,215$5,347$4,589$2,349
15 years$7,688$6,581$5,611$4,769$4,041$1,951
16 years$7,133$6,038$5,088$4,270$3,571$1,625
17 years$6,644$5,560$4,630$3,837$3,166$1,356
18 years$6,209$5,138$4,226$3,458$2,815$1,134
19 years$5,821$4,762$3,869$3,124$2,509$949
20 years$5,472$4,425$3,551$2,830$2,242$796
21 years$5,157$4,122$3,266$2,568$2,006$668
22 years$4,870$3,847$3,010$2,335$1,798$561
23 years$4,609$3,598$2,779$2,126$1,614$472
24 years$4,370$3,372$2,570$1,939$1,451$397
25 years$4,151$3,164$2,381$1,771$1,305$334
26 years$3,949$2,974$2,208$1,619$1,176$281
27 years$3,762$2,799$2,050$1,482$1,060$237
28 years$3,588$2,637$1,906$1,358$957$200
29 years$3,427$2,488$1,774$1,245$864$168
30 years$3,277$2,349$1,652$1,143$780$142
31 years$3,137$2,221$1,540$1,050$706$120
32 years$3,006$2,102$1,437$965$638$101
33 years$2,883$1,990$1,342$887$578$85
34 years$2,768$1,886$1,254$816$523$72
35 years$2,659$1,789$1,172$751$474$60
36 years$2,557$1,698$1,096$692$429$51
37 years$2,461$1,613$1,026$638$389$43
38 years$2,369$1,533$961$588$353$36
39 years$2,283$1,457$900$542$320$31
40 years$2,201$1,387$844$500$290$26
41 years$2,123$1,320$791$461$263$22
42 years$2,050$1,257$742$426$239$18
43 years$1,980$1,198$697$393$217$16
44 years$1,913$1,142$654$363$197$13
45 years$1,849$1,089$614$335$179$11
46 years$1,789$1,039$577$309$162$9
47 years$1,731$991$542$286$147$8
48 years$1,675$946$509$264$134$7
49 years$1,623$904$479$244$121$6
50 years$1,572$863$450$226$110$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,610,000, adding $4,562 every year, while hoping to spend $23,063 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: 40/35/25 Blend
45$1,610,000$1,610,000$1,610,000$1,610,000
46$1,778,926$1,693,596$1,668,641$1,836,777
47$1,935,837$1,752,043$1,700,001$1,937,445
48$2,107,981$1,812,581$1,731,640$2,043,778
49$2,296,886$1,875,289$1,763,540$2,158,366
50$2,504,237$1,940,246$1,795,687$2,281,976
51$2,731,889$2,007,538$1,828,063$2,415,452
52$2,981,886$2,077,253$1,860,648$2,559,724
53$3,256,481$2,149,480$1,893,422$2,715,812
54$3,558,153$2,224,316$1,926,363$2,884,838
55$3,889,636$2,301,859$1,959,447$3,068,037
56$4,253,939$2,382,210$1,992,649$3,266,767
57$4,654,379$2,465,477$2,025,941$3,482,522
58$5,094,610$2,551,769$2,059,294$3,716,946
59$5,578,658$2,641,203$2,092,678$3,971,847
60$6,110,957$2,733,898$2,126,058$4,249,216
61$6,696,393$2,829,978$2,159,400$4,551,244
62$7,340,351$2,929,572$2,192,665$4,880,341
63$8,048,761$3,032,816$2,225,814$5,239,160
64$8,828,160$3,139,849$2,258,804$5,630,624
65$9,685,748$3,250,817$2,291,590$6,057,949
66$10,629,459$3,365,872$2,324,123$6,524,674
67$11,668,034$3,485,171$2,356,352$7,034,699
68$12,811,108$3,608,878$2,388,224$7,592,315
69$14,069,292$3,737,164$2,419,680$8,202,249
70$15,454,282$3,870,207$2,450,662$8,869,705
71$16,978,963$4,008,192$2,481,104$9,600,416
72$18,657,535$4,151,311$2,510,938$10,400,693
73$20,505,643$4,299,764$2,540,093$11,277,488
74$22,540,526$4,453,761$2,568,494$12,238,457
75$24,781,182$4,613,517$2,596,061$13,292,033
76$27,248,542$4,779,259$2,622,709$14,447,506
77$29,965,673$4,951,223$2,648,349$15,715,104
78$32,957,992$5,129,652$2,672,889$17,106,099
79$36,253,505$5,314,804$2,696,229$18,632,904
80$39,883,076$5,506,942$2,718,266$20,309,194
81$43,880,711$5,706,344$2,738,889$22,150,034
82$48,283,887$5,913,298$2,757,985$24,172,018
83$53,133,898$6,128,103$2,775,432$26,393,428
84$58,476,249$6,351,074$2,791,102$28,834,406
85$64,361,084$6,582,535$2,804,863$31,517,139
86$70,843,662$6,822,826$2,816,572$34,466,074
87$77,984,871$7,072,300$2,826,083$37,708,142
88$85,851,810$7,331,325$2,833,239$41,273,017
89$94,518,421$7,600,287$2,837,879$45,193,390
90$104,066,183$7,879,583$2,839,831$49,505,279
91$114,584,882$8,169,632$2,838,914$54,248,372
92$126,173,464$8,470,868$2,834,942$59,466,391
93$138,940,960$8,783,743$2,827,715$65,207,516
94$153,007,522$9,108,730$2,817,027$71,524,827
95$168,505,552$9,446,321$2,802,660$78,476,813
96$185,580,956$9,797,028$2,784,387$86,127,920
97$204,394,518$10,161,387$2,761,969$94,549,154
98$225,123,420$10,539,955$2,735,155$103,818,759
99$247,962,909$10,933,314$2,703,684$114,022,946
100$273,128,150$11,342,070$2,667,281$125,256,710