Can I retire at age 46 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$138,733$137,497$136,291$135,115$133,966$130,304
2 years$68,680$67,401$66,161$64,959$63,793$60,131
3 years$45,332$44,047$42,810$41,620$40,473$36,925
4 years$33,660$32,379$31,155$29,985$28,866$25,459
5 years$26,659$25,386$24,178$23,031$21,943$18,687
6 years$21,993$20,729$19,539$18,418$17,363$14,260
7 years$18,661$17,408$16,237$15,143$14,121$11,172
8 years$16,164$14,922$13,770$12,703$11,714$8,918
9 years$14,222$12,993$11,860$10,820$9,865$7,219
10 years$12,670$11,452$10,340$9,327$8,406$5,905
11 years$11,401$10,195$9,103$8,117$7,229$4,871
12 years$10,344$9,151$8,079$7,120$6,265$4,044
13 years$9,450$8,270$7,218$6,286$5,463$3,376
14 years$8,685$7,517$6,485$5,580$4,789$2,830
15 years$8,022$6,867$5,855$4,976$4,216$2,381
16 years$7,443$6,300$5,309$4,456$3,726$2,009
17 years$6,932$5,802$4,831$4,003$3,304$1,699
18 years$6,479$5,361$4,410$3,608$2,938$1,440
19 years$6,074$4,969$4,037$3,260$2,619$1,222
20 years$5,710$4,617$3,705$2,953$2,339$1,039
21 years$5,381$4,301$3,408$2,680$2,093$884
22 years$5,082$4,015$3,141$2,436$1,876$753
23 years$4,810$3,755$2,900$2,219$1,684$642
24 years$4,560$3,518$2,682$2,024$1,514$548
25 years$4,331$3,302$2,484$1,848$1,362$468
26 years$4,120$3,103$2,304$1,690$1,227$400
27 years$3,925$2,920$2,139$1,547$1,106$342
28 years$3,744$2,752$1,989$1,417$998$292
29 years$3,576$2,596$1,851$1,300$901$250
30 years$3,420$2,452$1,724$1,193$814$214
31 years$3,274$2,318$1,607$1,095$736$183
32 years$3,137$2,193$1,500$1,007$666$157
33 years$3,009$2,077$1,400$926$603$134
34 years$2,888$1,968$1,308$852$546$115
35 years$2,775$1,867$1,223$784$494$98
36 years$2,668$1,772$1,144$722$448$84
37 years$2,567$1,683$1,071$665$406$72
38 years$2,472$1,599$1,003$613$368$62
39 years$2,382$1,521$940$565$334$53
40 years$2,297$1,447$881$522$303$45
41 years$2,216$1,377$826$481$275$39
42 years$2,139$1,312$775$444$249$33
43 years$2,066$1,250$727$410$226$28
44 years$1,996$1,191$682$379$205$24
45 years$1,930$1,136$641$350$186$21
46 years$1,866$1,084$602$323$169$18
47 years$1,806$1,034$565$298$154$15
48 years$1,748$987$531$276$140$13
49 years$1,693$943$499$255$127$11
50 years$1,640$901$469$235$115$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,680,000, adding $2,115 every year, while hoping to spend $36,391 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: 67/9/24 Blend
45$1,680,000$1,680,000$1,680,000$1,680,000
46$1,853,542$1,764,502$1,738,462$1,966,162
47$2,003,883$1,812,242$1,757,980$2,089,818
48$2,168,340$1,861,103$1,776,933$2,220,656
49$2,348,313$1,911,099$1,795,263$2,362,906
50$2,545,346$1,962,248$1,812,909$2,517,694
51$2,761,137$2,014,564$1,829,808$2,686,260
52$2,997,558$2,068,064$1,845,892$2,869,971
53$3,256,671$2,122,760$1,861,090$3,070,333
54$3,540,743$2,178,667$1,875,329$3,289,003
55$3,852,275$2,235,798$1,888,529$3,527,811
56$4,194,021$2,294,166$1,900,608$3,788,768
57$4,569,012$2,353,781$1,911,480$4,074,094
58$4,980,589$2,414,654$1,921,052$4,386,234
59$5,432,432$2,476,795$1,929,230$4,727,881
60$5,928,593$2,540,211$1,935,912$5,102,004
61$6,473,537$2,604,908$1,940,992$5,511,873
62$7,072,182$2,670,894$1,944,360$5,961,094
63$7,729,947$2,738,170$1,945,899$6,453,639
64$8,452,801$2,806,739$1,945,485$6,993,883
65$9,247,319$2,876,602$1,942,992$7,586,652
66$10,120,747$2,947,757$1,938,283$8,237,261
67$11,081,066$3,020,200$1,931,218$8,951,567
68$12,137,069$3,093,924$1,921,649$9,736,027
69$13,298,446$3,168,922$1,909,419$10,597,753
70$14,575,869$3,245,181$1,894,367$11,544,587
71$15,981,101$3,322,688$1,876,322$12,585,169
72$17,527,099$3,401,425$1,855,104$13,729,019
73$19,228,141$3,481,373$1,830,527$14,986,632
74$21,099,956$3,562,505$1,802,396$16,369,571
75$23,159,880$3,644,796$1,770,504$17,890,581
76$25,427,009$3,728,212$1,734,637$19,563,707
77$27,922,387$3,812,718$1,694,570$21,404,427
78$30,669,201$3,898,271$1,650,069$23,429,798
79$33,693,000$3,984,827$1,600,887$25,658,620
80$37,021,936$4,072,334$1,546,766$28,111,610
81$40,687,029$4,160,734$1,487,439$30,811,600
82$44,722,461$4,249,965$1,422,623$33,783,751
83$49,165,895$4,339,957$1,352,025$37,055,793
84$54,058,835$4,430,633$1,275,336$40,658,286
85$59,447,012$4,521,910$1,192,236$44,624,908
86$65,380,820$4,613,696$1,102,388$48,992,776
87$71,915,788$4,705,892$1,005,442$53,802,792
88$79,113,106$4,798,388$901,032$59,100,035
89$87,040,200$4,891,066$788,774$64,934,182
90$95,771,371$4,983,798$668,268$71,359,982
91$105,388,493$5,076,447$539,097$78,437,769
92$115,981,787$5,168,861$400,825$86,234,035
93$127,650,673$5,260,878$252,996$94,822,058
94$140,504,705$5,352,325$95,135$104,282,593
95$154,664,610$5,443,014$0$114,704,635
96$170,263,419$5,532,741$0$126,205,039
97$187,447,733$5,621,290$0$138,900,333
98$206,379,096$5,708,428$0$152,885,380
99$227,235,527$5,793,903$0$168,291,595
100$250,213,195$5,877,449$0$185,263,791