Can I retire at age 46 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$137,907$136,679$135,480$134,310$133,168$131,777
2 years$68,271$66,999$65,767$64,572$63,413$62,013
3 years$45,062$43,785$42,556$41,372$40,232$38,865
4 years$33,460$32,186$30,970$29,806$28,694$27,371
5 years$26,500$25,235$24,034$22,894$21,813$20,538
6 years$21,862$20,606$19,423$18,309$17,260$16,035
7 years$18,550$17,305$16,140$15,052$14,037$12,862
8 years$16,068$14,833$13,688$12,627$11,645$10,520
9 years$14,138$12,915$11,790$10,756$9,807$8,732
10 years$12,595$11,384$10,279$9,271$8,356$7,330
11 years$11,333$10,135$9,049$8,069$7,186$6,208
12 years$10,282$9,096$8,031$7,077$6,227$5,297
13 years$9,394$8,220$7,175$6,248$5,430$4,546
14 years$8,633$7,472$6,447$5,547$4,760$3,920
15 years$7,975$6,826$5,821$4,947$4,191$3,395
16 years$7,399$6,263$5,277$4,429$3,704$2,950
17 years$6,891$5,768$4,802$3,980$3,284$2,571
18 years$6,441$5,330$4,384$3,586$2,920$2,247
19 years$6,038$4,939$4,013$3,241$2,603$1,967
20 years$5,676$4,590$3,683$2,935$2,325$1,726
21 years$5,349$4,275$3,388$2,664$2,081$1,516
22 years$5,052$3,991$3,122$2,422$1,865$1,334
23 years$4,781$3,733$2,883$2,206$1,674$1,175
24 years$4,533$3,497$2,666$2,012$1,505$1,037
25 years$4,306$3,282$2,469$1,837$1,354$915
26 years$4,096$3,084$2,290$1,680$1,220$808
27 years$3,902$2,903$2,127$1,538$1,100$715
28 years$3,722$2,735$1,977$1,409$992$632
29 years$3,555$2,580$1,840$1,292$896$560
30 years$3,399$2,437$1,714$1,186$810$496
31 years$3,254$2,304$1,598$1,089$732$439
32 years$3,118$2,180$1,491$1,001$662$389
33 years$2,991$2,064$1,392$920$599$345
34 years$2,871$1,957$1,300$847$542$306
35 years$2,758$1,856$1,216$779$491$271
36 years$2,652$1,761$1,137$718$445$241
37 years$2,552$1,673$1,065$661$403$214
38 years$2,458$1,590$997$610$366$190
39 years$2,368$1,512$934$562$332$168
40 years$2,283$1,438$875$518$301$149
41 years$2,203$1,369$821$478$273$133
42 years$2,126$1,304$770$441$248$118
43 years$2,053$1,242$723$408$225$105
44 years$1,984$1,184$678$376$204$93
45 years$1,918$1,129$637$347$185$83
46 years$1,855$1,077$598$321$168$73
47 years$1,795$1,028$562$297$153$65
48 years$1,738$981$528$274$139$58
49 years$1,683$937$496$253$126$51
50 years$1,631$895$467$234$114$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,670,000, adding $6,347 every year, while hoping to spend $59,529 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: 57/37/6 Blend
45$1,670,000$1,670,000$1,670,000$1,670,000
46$1,846,887$1,758,377$1,732,492$1,949,502
47$1,971,931$1,781,199$1,727,192$2,042,047
48$2,107,734$1,803,144$1,719,719$2,135,561
49$2,255,332$1,824,107$1,709,938$2,235,963
50$2,415,861$1,843,974$1,697,707$2,343,917
51$2,590,575$1,862,624$1,682,876$2,460,152
52$2,780,851$1,879,930$1,665,290$2,585,475
53$2,988,205$1,895,754$1,644,784$2,720,775
54$3,214,306$1,909,950$1,621,189$2,867,033
55$3,460,991$1,922,363$1,594,324$3,025,332
56$3,730,280$1,932,827$1,564,002$3,196,864
57$4,024,399$1,941,166$1,530,027$3,382,949
58$4,345,798$1,947,193$1,492,193$3,585,038
59$4,697,173$1,950,710$1,450,285$3,804,737
60$5,081,494$1,951,503$1,404,078$4,043,814
61$5,502,029$1,949,350$1,353,338$4,304,220
62$5,962,379$1,944,011$1,297,818$4,588,111
63$6,466,508$1,935,234$1,237,261$4,897,861
64$7,018,781$1,922,750$1,171,398$5,236,092
65$7,624,005$1,906,273$1,099,949$5,605,697
66$8,287,476$1,885,502$1,022,619$6,009,866
67$9,015,024$1,860,117$939,102$6,452,117
68$9,813,072$1,829,779$849,078$6,936,336
69$10,688,694$1,794,126$752,211$7,466,804
70$11,649,682$1,752,780$648,151$8,048,248
71$12,704,619$1,705,336$536,534$8,685,879
72$13,862,960$1,651,367$416,978$9,385,448
73$15,135,120$1,590,422$289,084$10,153,296
74$16,532,571$1,522,022$152,437$10,996,419
75$18,067,953$1,445,660$6,604$11,922,533
76$19,755,189$1,360,803$0$12,940,149
77$21,609,619$1,266,883$0$14,068,194
78$23,648,142$1,163,302$0$15,308,551
79$25,889,375$1,049,427$0$16,672,247
80$28,353,833$924,590$0$18,171,905
81$31,064,112$788,083$0$19,821,448
82$34,045,113$639,161$0$21,636,226
83$37,324,269$477,034$0$23,633,165
84$40,931,805$300,869$0$25,830,927
85$44,901,024$109,787$0$28,250,090
86$49,268,620$0$0$30,913,342
87$54,075,024$0$0$33,885,249
88$59,364,781$0$0$37,205,393
89$65,186,979$0$0$40,859,902
90$71,595,701$0$0$44,882,747
91$78,650,541$0$0$49,311,359
92$86,417,166$0$0$54,186,983
93$94,967,931$0$0$59,555,065
94$104,382,565$0$0$65,465,683
95$114,748,920$0$0$71,974,018
96$126,163,803$0$0$79,140,875
97$138,733,884$0$0$87,033,255
98$152,576,707$0$0$95,724,987
99$167,821,794$0$0$105,297,428
100$184,611,872$0$0$115,840,226