Can I retire at age 46 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$155,249$153,866$152,517$151,200$149,914$147,674
2 years$76,856$75,424$74,037$72,692$71,388$69,136
3 years$50,728$49,291$47,907$46,575$45,291$43,098
4 years$37,667$36,234$34,864$33,554$32,302$30,184
5 years$29,832$28,408$27,056$25,773$24,556$22,518
6 years$24,611$23,197$21,865$20,611$19,430$17,477
7 years$20,883$19,481$18,170$16,945$15,802$13,933
8 years$18,088$16,699$15,410$14,215$13,109$11,324
9 years$15,915$14,539$13,272$12,108$11,040$9,338
10 years$14,178$12,816$11,571$10,437$9,406$7,787
11 years$12,758$11,409$10,187$9,084$8,090$6,551
12 years$11,575$10,240$9,041$7,967$7,010$5,550
13 years$10,575$9,254$8,077$7,034$6,113$4,729
14 years$9,719$8,412$7,257$6,244$5,359$4,049
15 years$8,977$7,684$6,553$5,569$4,718$3,480
16 years$8,329$7,050$5,941$4,986$4,170$3,001
17 years$7,758$6,493$5,406$4,480$3,697$2,595
18 years$7,250$6,000$4,935$4,037$3,288$2,250
19 years$6,797$5,560$4,518$3,648$2,930$1,954
20 years$6,390$5,167$4,146$3,304$2,617$1,700
21 years$6,021$4,813$3,814$2,999$2,342$1,482
22 years$5,687$4,493$3,515$2,726$2,100$1,293
23 years$5,382$4,202$3,245$2,483$1,885$1,130
24 years$5,103$3,937$3,001$2,265$1,694$988
25 years$4,847$3,695$2,780$2,068$1,524$864
26 years$4,611$3,472$2,578$1,891$1,373$757
27 years$4,392$3,268$2,394$1,731$1,238$663
28 years$4,190$3,079$2,226$1,586$1,117$582
29 years$4,002$2,905$2,071$1,454$1,009$510
30 years$3,827$2,743$1,929$1,335$911$448
31 years$3,663$2,593$1,799$1,226$824$393
32 years$3,510$2,454$1,678$1,127$745$345
33 years$3,367$2,324$1,567$1,036$675$303
34 years$3,232$2,203$1,464$953$611$267
35 years$3,105$2,089$1,369$877$553$234
36 years$2,986$1,983$1,280$808$501$206
37 years$2,873$1,883$1,198$745$454$181
38 years$2,767$1,790$1,122$686$412$159
39 years$2,666$1,702$1,051$633$373$140
40 years$2,570$1,619$985$584$339$123
41 years$2,480$1,541$924$538$307$108
42 years$2,394$1,468$867$497$279$95
43 years$2,312$1,399$813$459$253$84
44 years$2,234$1,333$764$424$230$74
45 years$2,159$1,271$717$391$209$65
46 years$2,089$1,213$673$361$189$57
47 years$2,021$1,157$633$334$172$50
48 years$1,956$1,105$594$308$156$44
49 years$1,895$1,055$559$285$142$39
50 years$1,836$1,008$525$264$129$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,880,000, adding $2,163 every year, while hoping to spend $38,259 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: 45/41/14 Blend
45$1,880,000$1,880,000$1,880,000$1,880,000
46$2,073,991$1,974,351$1,945,211$2,158,936
47$2,244,831$2,030,387$1,969,668$2,274,329
48$2,431,814$2,087,886$1,993,663$2,395,347
49$2,636,547$2,146,881$2,017,138$2,525,737
50$2,860,798$2,207,401$2,040,036$2,666,382
51$3,106,516$2,269,480$2,062,293$2,818,252
52$3,375,845$2,333,149$2,083,844$2,982,417
53$3,671,148$2,398,440$2,104,620$3,160,051
54$3,995,028$2,465,387$2,124,548$3,352,448
55$4,350,350$2,534,020$2,143,549$3,561,033
56$4,740,272$2,604,373$2,161,544$3,787,373
57$5,168,270$2,676,478$2,178,447$4,033,195
58$5,638,176$2,750,368$2,194,167$4,300,398
59$6,154,209$2,826,075$2,208,611$4,591,077
60$6,721,016$2,903,631$2,221,677$4,907,535
61$7,343,719$2,983,068$2,233,263$5,252,310
62$8,027,959$3,064,418$2,243,257$5,628,198
63$8,779,948$3,147,712$2,251,544$6,038,278
64$9,606,535$3,232,982$2,258,002$6,485,939
65$10,515,261$3,320,257$2,262,505$6,974,917
66$11,514,436$3,409,568$2,264,917$7,509,327
67$12,613,215$3,500,944$2,265,099$8,093,701
68$13,821,685$3,594,413$2,262,902$8,733,032
69$15,150,960$3,690,002$2,258,172$9,432,821
70$16,613,284$3,787,738$2,250,747$10,199,128
71$18,222,148$3,887,647$2,240,456$11,038,630
72$19,992,418$3,989,751$2,227,122$11,958,682
73$21,940,470$4,094,075$2,210,556$12,967,389
74$24,084,352$4,200,638$2,190,563$14,073,682
75$26,443,947$4,309,461$2,166,939$15,287,400
76$29,041,165$4,420,560$2,139,467$16,619,384
77$31,900,147$4,533,951$2,107,922$18,081,581
78$35,047,495$4,649,647$2,072,070$19,687,152
79$38,512,518$4,767,658$2,031,663$21,450,603
80$42,327,514$4,887,992$1,986,442$23,387,916
81$46,528,071$5,010,655$1,936,139$25,516,702
82$51,153,404$5,135,647$1,880,470$27,856,367
83$56,246,724$5,262,967$1,819,139$30,428,299
84$61,855,647$5,392,609$1,751,837$33,256,060
85$68,032,641$5,524,564$1,678,241$36,365,621
86$74,835,520$5,658,818$1,598,012$39,785,596
87$82,327,996$5,795,353$1,510,798$43,547,522
88$90,580,270$5,934,144$1,416,228$47,686,147
89$99,669,703$6,075,162$1,313,917$52,239,768
90$109,681,541$6,218,374$1,203,462$57,250,583
91$120,709,721$6,363,736$1,084,440$62,765,099
92$132,857,755$6,511,203$956,412$68,834,564
93$146,239,712$6,660,717$818,918$75,515,453
94$160,981,289$6,812,218$671,478$82,870,004
95$177,220,997$6,965,634$513,589$90,966,803
96$195,111,474$7,120,885$344,730$99,881,432
97$214,820,919$7,277,883$164,352$109,697,184
98$236,534,681$7,436,527$0$120,505,849
99$260,457,010$7,596,710$0$132,412,787
100$286,812,985$7,758,308$0$145,551,741