Can I retire at age 46 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$158,552$157,140$155,762$154,417$153,103$149,221
2 years$78,491$77,029$75,612$74,239$72,906$69,020
3 years$51,808$50,339$48,926$47,566$46,255$42,486
4 years$38,468$37,005$35,606$34,268$32,989$29,367
5 years$30,467$29,012$27,632$26,321$25,078$21,612
6 years$25,135$23,691$22,330$21,049$19,843$16,538
7 years$21,327$19,895$18,557$17,306$16,138$12,993
8 years$18,473$17,054$15,738$14,517$13,388$10,402
9 years$16,254$14,849$13,555$12,366$11,275$8,445
10 years$14,480$13,088$11,817$10,659$9,607$6,930
11 years$13,029$11,652$10,404$9,277$8,262$5,735
12 years$11,822$10,458$9,233$8,137$7,160$4,777
13 years$10,800$9,451$8,249$7,184$6,243$4,001
14 years$9,926$8,591$7,412$6,377$5,473$3,366
15 years$9,168$7,848$6,692$5,687$4,819$2,841
16 years$8,506$7,200$6,067$5,092$4,259$2,406
17 years$7,923$6,631$5,521$4,575$3,776$2,042
18 years$7,405$6,127$5,040$4,123$3,358$1,737
19 years$6,942$5,679$4,614$3,726$2,993$1,480
20 years$6,525$5,277$4,234$3,374$2,673$1,263
21 years$6,149$4,915$3,895$3,062$2,392$1,079
22 years$5,808$4,588$3,590$2,784$2,144$923
23 years$5,497$4,291$3,314$2,536$1,925$790
24 years$5,212$4,021$3,065$2,313$1,730$677
25 years$4,950$3,773$2,839$2,112$1,557$580
26 years$4,709$3,546$2,633$1,931$1,402$498
27 years$4,486$3,337$2,445$1,768$1,264$427
28 years$4,279$3,145$2,273$1,620$1,141$367
29 years$4,087$2,967$2,115$1,485$1,030$315
30 years$3,908$2,802$1,970$1,363$931$270
31 years$3,741$2,649$1,837$1,252$841$232
32 years$3,585$2,506$1,714$1,151$761$200
33 years$3,438$2,373$1,600$1,058$689$172
34 years$3,301$2,249$1,495$973$624$148
35 years$3,171$2,134$1,398$896$565$127
36 years$3,049$2,025$1,308$825$512$109
37 years$2,934$1,923$1,224$760$464$94
38 years$2,825$1,828$1,146$701$421$81
39 years$2,723$1,738$1,074$646$381$69
40 years$2,625$1,654$1,006$596$346$60
41 years$2,532$1,574$944$550$314$51
42 years$2,444$1,499$885$508$285$44
43 years$2,361$1,428$831$469$258$38
44 years$2,281$1,362$780$433$235$33
45 years$2,205$1,298$732$400$213$28
46 years$2,133$1,239$688$369$193$24
47 years$2,064$1,182$646$341$176$21
48 years$1,998$1,128$607$315$159$18
49 years$1,935$1,078$571$291$145$15
50 years$1,875$1,029$536$269$132$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,920,000, adding $3,093 every year, while hoping to spend $48,168 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: 54/34/12 Blend
45$1,920,000$1,920,000$1,920,000$1,920,000
46$2,119,030$2,017,270$1,987,510$2,226,722
47$2,283,921$2,064,866$2,002,842$2,347,846
48$2,464,016$2,113,180$2,017,072$2,474,136
49$2,660,816$2,162,196$2,030,114$2,610,473
50$2,875,972$2,211,896$2,041,875$2,757,823
51$3,111,301$2,262,259$2,052,258$2,917,247
52$3,368,807$2,313,263$2,061,162$3,089,917
53$3,650,693$2,364,880$2,068,479$3,277,122
54$3,959,387$2,417,082$2,074,096$3,480,282
55$4,297,561$2,469,837$2,077,895$3,700,961
56$4,668,161$2,523,107$2,079,753$3,940,884
57$5,074,427$2,576,854$2,079,539$4,201,950
58$5,519,932$2,631,032$2,077,116$4,486,250
59$6,008,607$2,685,595$2,072,342$4,796,091
60$6,544,784$2,740,488$2,065,065$5,134,013
61$7,133,236$2,795,656$2,055,128$5,502,815
62$7,779,217$2,851,035$2,042,366$5,905,584
63$8,488,518$2,906,556$2,026,606$6,345,717
64$9,267,516$2,962,147$2,007,667$6,826,962
65$10,123,237$3,017,726$1,985,358$7,353,447
66$11,063,420$3,073,207$1,959,480$7,929,724
67$12,096,591$3,128,496$1,929,825$8,560,806
68$13,232,144$3,183,493$1,896,174$9,252,220
69$14,480,427$3,238,089$1,858,300$10,010,057
70$15,852,840$3,292,165$1,815,964$10,841,031
71$17,361,946$3,345,597$1,768,914$11,752,541
72$19,021,581$3,398,248$1,716,890$12,752,741
73$20,846,995$3,449,974$1,659,618$13,850,620
74$22,854,984$3,500,619$1,596,811$15,056,082
75$25,064,059$3,550,016$1,528,170$16,380,045
76$27,494,612$3,597,986$1,453,383$17,834,544
77$30,169,113$3,644,338$1,372,122$19,432,841
78$33,112,320$3,688,867$1,284,045$21,189,553
79$36,351,511$3,731,357$1,188,796$23,120,792
80$39,916,745$3,771,573$1,086,000$25,244,316
81$43,841,140$3,809,267$975,268$27,579,697
82$48,161,189$3,844,174$856,192$30,148,505
83$52,917,103$3,876,011$728,348$32,974,516
84$58,153,190$3,904,478$591,290$36,083,936
85$63,918,272$3,929,254$444,554$39,505,644
86$70,266,146$3,949,998$287,657$43,271,475
87$77,256,092$3,966,347$120,093$47,416,511
88$84,953,430$3,977,915$0$51,979,422
89$93,430,140$3,984,292$0$57,010,346
90$102,765,534$3,985,043$0$62,565,634
91$113,047,013$3,979,704$0$68,681,737
92$124,370,884$3,967,785$0$75,415,789
93$136,843,271$3,948,763$0$82,830,759
94$150,581,118$3,922,087$0$90,996,038
95$165,713,291$3,887,167$0$99,988,102
96$182,381,791$3,843,383$0$109,891,232
97$200,743,099$3,790,074$0$120,798,310
98$220,969,650$3,726,542$0$132,811,699
99$243,251,457$3,652,046$0$146,044,208
100$267,797,910$3,565,800$0$160,620,160