Can I retire at age 46 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$142,036$140,771$139,536$138,332$137,155$133,623
2 years$70,315$69,005$67,736$66,506$65,312$61,777
3 years$46,411$45,096$43,830$42,611$41,437$38,009
4 years$34,461$33,150$31,897$30,699$29,553$26,259
5 years$27,293$25,990$24,753$23,580$22,466$19,315
6 years$22,516$21,223$20,004$18,857$17,776$14,772
7 years$19,106$17,823$16,624$15,503$14,457$11,599
8 years$16,549$15,278$14,098$13,005$11,993$9,281
9 years$14,561$13,302$12,143$11,078$10,100$7,530
10 years$12,972$11,725$10,586$9,549$8,606$6,176
11 years$11,672$10,438$9,320$8,310$7,401$5,107
12 years$10,590$9,369$8,271$7,289$6,414$4,252
13 years$9,675$8,466$7,390$6,435$5,593$3,558
14 years$8,892$7,696$6,640$5,713$4,903$2,991
15 years$8,213$7,030$5,995$5,095$4,317$2,523
16 years$7,620$6,450$5,435$4,562$3,815$2,135
17 years$7,098$5,940$4,946$4,099$3,383$1,811
18 years$6,633$5,489$4,515$3,694$3,008$1,539
19 years$6,219$5,087$4,133$3,338$2,681$1,310
20 years$5,846$4,727$3,793$3,023$2,395$1,117
21 years$5,509$4,403$3,489$2,743$2,143$954
22 years$5,203$4,110$3,216$2,494$1,921$815
23 years$4,924$3,844$2,969$2,272$1,724$697
24 years$4,669$3,602$2,746$2,072$1,550$597
25 years$4,434$3,380$2,543$1,892$1,395$511
26 years$4,218$3,177$2,359$1,730$1,256$438
27 years$4,019$2,990$2,190$1,584$1,133$376
28 years$3,834$2,817$2,036$1,451$1,022$322
29 years$3,661$2,658$1,895$1,331$923$277
30 years$3,501$2,510$1,765$1,221$834$237
31 years$3,352$2,373$1,645$1,121$754$204
32 years$3,212$2,245$1,535$1,031$682$175
33 years$3,080$2,126$1,433$948$617$150
34 years$2,957$2,015$1,339$872$559$129
35 years$2,841$1,911$1,252$803$506$111
36 years$2,732$1,814$1,171$739$459$95
37 years$2,629$1,723$1,096$681$416$82
38 years$2,531$1,637$1,027$628$377$70
39 years$2,439$1,557$962$579$342$60
40 years$2,352$1,481$902$534$310$52
41 years$2,269$1,410$845$493$281$45
42 years$2,190$1,343$793$455$255$38
43 years$2,115$1,280$744$420$232$33
44 years$2,044$1,220$699$388$210$28
45 years$1,976$1,163$656$358$191$24
46 years$1,911$1,110$616$331$173$21
47 years$1,849$1,059$579$305$157$18
48 years$1,790$1,011$544$282$143$16
49 years$1,733$965$511$261$130$13
50 years$1,679$922$481$241$118$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,720,000, adding $4,634 every year, while hoping to spend $48,022 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: 47/34/19 Blend
45$1,720,000$1,720,000$1,720,000$1,720,000
46$1,900,220$1,809,060$1,782,400$1,979,081
47$2,042,947$1,846,609$1,791,015$2,072,054
48$2,198,623$1,884,388$1,798,310$2,167,706
49$2,368,518$1,922,358$1,804,188$2,270,516
50$2,554,030$1,960,477$1,808,552$2,381,174
51$2,756,697$1,998,697$1,811,294$2,500,439
52$2,978,215$2,036,967$1,812,307$2,629,149
53$3,220,448$2,075,233$1,811,474$2,768,229
54$3,485,449$2,113,436$1,808,675$2,918,697
55$3,775,482$2,151,510$1,803,782$3,081,677
56$4,093,034$2,189,388$1,796,662$3,258,408
57$4,440,850$2,226,994$1,787,176$3,450,257
58$4,821,948$2,264,248$1,775,178$3,658,729
59$5,239,654$2,301,064$1,760,514$3,885,488
60$5,697,631$2,337,348$1,743,023$4,132,365
61$6,199,912$2,373,001$1,722,538$4,401,381
62$6,750,942$2,407,917$1,698,882$4,694,765
63$7,355,614$2,441,981$1,671,870$5,014,976
64$8,019,319$2,475,071$1,641,310$5,364,724
65$8,747,995$2,507,054$1,606,999$5,746,998
66$9,548,184$2,537,793$1,568,727$6,165,095
67$10,427,090$2,567,136$1,526,270$6,622,650
68$11,392,651$2,594,924$1,479,399$7,123,672
69$12,453,613$2,620,987$1,427,870$7,672,583
70$13,619,609$2,645,142$1,371,431$8,274,258
71$14,901,252$2,667,197$1,309,816$8,934,072
72$16,310,234$2,686,944$1,242,750$9,657,954
73$17,859,438$2,704,164$1,169,942$10,452,441
74$19,563,055$2,718,623$1,091,090$11,324,742
75$21,436,723$2,730,072$1,005,878$12,282,804
76$23,497,670$2,738,247$913,975$13,335,392
77$25,764,877$2,742,865$815,038$14,492,170
78$28,259,258$2,743,629$708,706$15,763,791
79$31,003,856$2,740,221$594,601$17,162,006
80$34,024,061$2,732,304$472,332$18,699,766
81$37,347,848$2,719,520$341,488$20,391,353
82$41,006,042$2,701,489$201,641$22,252,514
83$45,032,605$2,677,809$52,343$24,300,608
84$49,464,963$2,648,054$0$26,554,775
85$54,344,350$2,611,770$0$29,057,805
86$59,716,205$2,568,477$0$31,824,007
87$65,630,594$2,517,669$0$34,868,508
88$72,142,686$2,458,806$0$38,219,689
89$79,313,271$2,391,318$0$41,908,832
90$87,209,334$2,314,603$0$45,970,415
91$95,904,689$2,228,020$0$50,442,440
92$105,480,669$2,130,896$0$55,366,793
93$116,026,901$2,022,514$0$60,789,638
94$127,642,146$1,902,118$0$66,761,857
95$140,435,232$1,768,908$0$73,339,531
96$154,526,080$1,622,040$0$80,584,468
97$170,046,839$1,460,618$0$88,564,794
98$187,143,126$1,283,697$0$97,355,593
99$205,975,407$1,090,281$0$107,039,620
100$226,720,507$879,313$0$117,708,080