Can I retire at age 46 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$137,081$135,860$134,669$133,506$132,371$127,219
2 years$67,862$66,598$65,373$64,186$63,034$57,906
3 years$44,792$43,523$42,301$41,124$39,991$35,048
4 years$33,259$31,994$30,784$29,628$28,522$23,802
5 years$26,341$25,083$23,890$22,757$21,682$17,197
6 years$21,731$20,483$19,306$18,199$17,156$12,909
7 years$18,439$17,201$16,044$14,962$13,953$9,942
8 years$15,971$14,745$13,606$12,552$11,575$7,796
9 years$14,053$12,838$11,719$10,691$9,748$6,196
10 years$12,519$11,316$10,217$9,216$8,306$4,974
11 years$11,265$10,074$8,995$8,021$7,143$4,024
12 years$10,221$9,042$7,983$7,035$6,190$3,275
13 years$9,338$8,171$7,132$6,211$5,398$2,679
14 years$8,582$7,427$6,408$5,513$4,732$2,199
15 years$7,927$6,785$5,786$4,917$4,166$1,811
16 years$7,354$6,225$5,246$4,403$3,682$1,495
17 years$6,850$5,733$4,773$3,956$3,265$1,237
18 years$6,402$5,298$4,357$3,565$2,903$1,025
19 years$6,002$4,910$3,989$3,221$2,587$851
20 years$5,642$4,562$3,661$2,917$2,311$707
21 years$5,317$4,250$3,367$2,648$2,068$588
22 years$5,021$3,967$3,104$2,407$1,854$489
23 years$4,752$3,710$2,866$2,192$1,664$407
24 years$4,506$3,476$2,650$2,000$1,496$339
25 years$4,280$3,262$2,455$1,826$1,346$283
26 years$4,071$3,066$2,276$1,670$1,212$236
27 years$3,878$2,885$2,114$1,528$1,093$197
28 years$3,700$2,719$1,965$1,400$986$164
29 years$3,534$2,565$1,829$1,284$891$137
30 years$3,379$2,422$1,703$1,179$805$114
31 years$3,235$2,290$1,588$1,082$728$95
32 years$3,099$2,167$1,482$995$658$80
33 years$2,973$2,052$1,383$915$596$67
34 years$2,854$1,945$1,293$842$539$56
35 years$2,742$1,845$1,208$775$488$46
36 years$2,636$1,751$1,131$714$443$39
37 years$2,537$1,663$1,058$657$401$32
38 years$2,443$1,580$991$606$364$27
39 years$2,354$1,503$928$559$330$23
40 years$2,269$1,430$870$515$299$19
41 years$2,189$1,361$816$475$271$16
42 years$2,113$1,296$765$439$246$13
43 years$2,041$1,235$718$405$223$11
44 years$1,972$1,177$674$374$203$9
45 years$1,907$1,123$633$345$184$8
46 years$1,844$1,071$595$319$167$6
47 years$1,785$1,022$559$295$152$5
48 years$1,727$976$525$272$138$4
49 years$1,673$932$493$252$125$4
50 years$1,621$890$464$233$114$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,660,000, adding $4,633 every year, while hoping to spend $23,232 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: 63/27/10 Blend
45$1,660,000$1,660,000$1,660,000$1,660,000
46$1,834,099$1,746,119$1,720,389$1,945,311
47$1,996,458$1,806,960$1,753,303$2,081,049
48$2,174,600$1,870,004$1,786,542$2,226,079
49$2,370,109$1,935,334$1,820,090$2,383,849
50$2,584,731$2,003,036$1,853,934$2,555,592
51$2,820,390$2,073,201$1,888,058$2,742,669
52$3,079,204$2,145,923$1,922,443$2,946,576
53$3,363,509$2,221,299$1,957,070$3,168,959
54$3,675,875$2,299,431$1,991,920$3,411,628
55$4,019,135$2,380,423$2,026,970$3,676,580
56$4,396,409$2,464,387$2,062,196$3,966,009
57$4,811,136$2,551,435$2,097,573$4,282,331
58$5,267,103$2,641,686$2,133,073$4,628,208
59$5,768,484$2,735,265$2,168,667$5,006,568
60$6,319,876$2,832,300$2,204,324$5,420,637
61$6,926,344$2,932,924$2,240,010$5,873,966
62$7,593,471$3,037,276$2,275,689$6,370,465
63$8,327,404$3,145,502$2,311,324$6,914,442
64$9,134,920$3,257,752$2,346,874$7,510,637
65$10,023,483$3,374,183$2,382,296$8,164,275
66$11,001,318$3,494,959$2,417,543$8,881,108
67$12,077,490$3,620,249$2,452,568$9,667,470
68$13,261,983$3,750,230$2,487,318$10,530,339
69$14,565,801$3,885,087$2,521,738$11,477,401
70$16,001,067$4,025,011$2,555,772$12,517,122
71$17,581,142$4,170,203$2,589,356$13,658,827
72$19,320,746$4,320,869$2,622,427$14,912,787
73$21,236,098$4,477,228$2,654,914$16,290,320
74$23,345,072$4,639,505$2,686,746$17,803,889
75$25,667,363$4,807,934$2,717,846$19,467,226
76$28,224,672$4,982,761$2,748,131$21,295,460
77$31,040,913$5,164,240$2,777,518$23,305,255
78$34,142,435$5,352,637$2,805,914$25,514,972
79$37,558,277$5,548,230$2,833,225$27,944,839
80$41,320,434$5,751,305$2,859,351$30,617,141
81$45,464,163$5,962,165$2,884,185$33,556,431
82$50,028,319$6,181,122$2,907,616$36,789,758
83$55,055,712$6,408,502$2,929,526$40,346,928
84$60,593,522$6,644,645$2,949,792$44,260,778
85$66,693,735$6,889,907$2,968,284$48,567,487
86$73,413,640$7,144,656$2,984,865$53,306,919
87$80,816,365$7,409,278$2,999,392$58,522,996
88$88,971,476$7,684,174$3,011,713$64,264,113
89$97,955,631$7,969,764$3,021,670$70,583,594
90$107,853,306$8,266,482$3,029,097$77,540,192
91$118,757,589$8,574,785$3,033,817$85,198,646
92$130,771,060$8,895,148$3,035,647$93,630,291
93$144,006,762$9,228,064$3,034,395$102,913,726
94$158,589,263$9,574,050$3,029,859$113,135,560
95$174,655,834$9,933,645$3,021,825$124,391,226
96$192,357,745$10,307,409$3,010,072$136,785,880
97$211,861,692$10,695,929$2,994,367$150,435,396
98$233,351,371$11,099,815$2,974,464$165,467,452
99$257,029,209$11,519,705$2,950,107$182,022,743
100$283,118,282$11,956,264$2,921,029$200,256,299