Can I retire at age 46 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$134,604$133,405$132,235$131,093$129,978$127,406
2 years$66,636$65,395$64,192$63,026$61,895$59,314
3 years$43,982$42,736$41,536$40,381$39,268$36,760
4 years$32,658$31,416$30,228$29,092$28,007$25,589
5 years$25,865$24,630$23,458$22,346$21,290$18,971
6 years$21,338$20,112$18,958$17,870$16,846$14,628
7 years$18,106$16,890$15,754$14,692$13,700$11,584
8 years$15,683$14,478$13,361$12,325$11,366$9,350
9 years$13,799$12,606$11,507$10,498$9,572$7,655
10 years$12,293$11,111$10,032$9,049$8,156$6,337
11 years$11,061$9,892$8,832$7,876$7,014$5,290
12 years$10,036$8,878$7,839$6,908$6,078$4,448
13 years$9,169$8,023$7,003$6,099$5,300$3,760
14 years$8,426$7,293$6,292$5,414$4,646$3,193
15 years$7,784$6,662$5,681$4,828$4,091$2,722
16 years$7,222$6,113$5,151$4,323$3,616$2,328
17 years$6,726$5,629$4,687$3,884$3,206$1,996
18 years$6,286$5,202$4,279$3,500$2,850$1,715
19 years$5,893$4,821$3,917$3,163$2,541$1,477
20 years$5,540$4,480$3,595$2,865$2,269$1,273
21 years$5,221$4,173$3,306$2,600$2,031$1,100
22 years$4,931$3,895$3,047$2,364$1,820$951
23 years$4,666$3,643$2,814$2,153$1,634$823
24 years$4,425$3,413$2,602$1,964$1,469$713
25 years$4,202$3,203$2,410$1,793$1,322$618
26 years$3,998$3,011$2,235$1,640$1,190$536
27 years$3,808$2,833$2,076$1,501$1,073$465
28 years$3,633$2,670$1,930$1,375$968$404
29 years$3,470$2,519$1,796$1,261$875$351
30 years$3,318$2,379$1,673$1,157$790$305
31 years$3,176$2,249$1,559$1,063$714$265
32 years$3,043$2,128$1,455$977$646$230
33 years$2,919$2,015$1,358$898$585$200
34 years$2,802$1,910$1,269$826$529$174
35 years$2,692$1,811$1,187$761$480$152
36 years$2,589$1,719$1,110$701$435$132
37 years$2,491$1,633$1,039$646$394$115
38 years$2,399$1,552$973$595$357$100
39 years$2,311$1,476$912$549$324$87
40 years$2,228$1,404$854$506$294$76
41 years$2,150$1,336$801$467$266$66
42 years$2,075$1,273$752$431$242$57
43 years$2,004$1,213$705$398$219$50
44 years$1,937$1,156$662$367$199$44
45 years$1,872$1,102$622$339$181$38
46 years$1,811$1,052$584$313$164$33
47 years$1,752$1,003$548$289$149$29
48 years$1,696$958$515$267$135$25
49 years$1,643$915$484$247$123$22
50 years$1,591$874$455$228$112$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,630,000, adding $5,650 every year, while hoping to spend $56,810 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: 46/32/22 Blend
45$1,630,000$1,630,000$1,630,000$1,630,000
46$1,802,088$1,715,698$1,690,433$1,873,386
47$1,925,456$1,739,322$1,686,617$1,947,623
48$2,059,503$1,762,199$1,680,769$2,022,057
49$2,205,258$1,784,233$1,672,762$2,101,657
50$2,363,855$1,805,322$1,662,460$2,186,931
51$2,536,540$1,825,353$1,649,723$2,278,443
52$2,724,682$1,844,211$1,634,404$2,376,814
53$2,929,792$1,861,770$1,616,349$2,482,733
54$3,153,529$1,877,895$1,595,395$2,596,959
55$3,397,722$1,892,445$1,571,374$2,720,333
56$3,664,383$1,905,267$1,544,108$2,853,784
57$3,955,725$1,916,201$1,513,411$2,998,338
58$4,274,189$1,925,074$1,479,090$3,155,130
59$4,622,457$1,931,704$1,440,940$3,325,413
60$5,003,486$1,935,896$1,398,750$3,510,572
61$5,420,531$1,937,444$1,352,298$3,712,137
62$5,877,175$1,936,128$1,301,349$3,931,799
63$6,377,364$1,931,717$1,245,662$4,171,425
64$6,925,446$1,923,961$1,184,983$4,433,078
65$7,526,206$1,912,600$1,119,044$4,719,034
66$8,184,916$1,897,354$1,047,569$5,031,812
67$8,907,383$1,877,929$970,268$5,374,188
68$9,700,000$1,854,012$886,836$5,749,231
69$10,569,812$1,825,271$796,957$6,160,328
70$11,524,578$1,791,355$700,301$6,611,220
71$12,572,845$1,751,891$596,520$7,106,035
72$13,724,027$1,706,485$485,255$7,649,333
73$14,988,495$1,654,720$366,129$8,246,144
74$16,377,674$1,596,154$238,747$8,902,023
75$17,904,151$1,530,320$102,699$9,623,099
76$19,581,790$1,456,722$0$10,416,139
77$21,425,869$1,374,837$0$11,298,583
78$23,453,216$1,284,112$0$12,295,071
79$25,682,372$1,183,962$0$13,390,673
80$28,133,765$1,073,768$0$14,595,535
81$30,829,903$952,875$0$15,920,845
82$33,795,580$820,593$0$17,378,942
83$37,058,119$676,192$0$18,983,428
84$40,647,622$518,900$0$20,749,304
85$44,597,255$347,903$0$22,693,108
86$48,943,564$162,339$0$24,833,075
87$53,726,815$0$0$27,189,310
88$58,991,373$0$0$29,797,610
89$64,786,126$0$0$32,731,738
90$71,164,939$0$0$35,961,832
91$78,187,165$0$0$39,517,976
92$85,918,206$0$0$43,433,321
93$94,430,126$0$0$47,744,392
94$103,802,331$0$0$52,491,441
95$114,122,322$0$0$57,718,818
96$125,486,515$0$0$63,475,394
97$138,001,153$0$0$69,815,023
98$151,783,306$0$0$76,797,046
99$166,961,980$0$0$84,486,853
100$183,679,326$0$0$92,956,501