Can I retire at age 46 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$159,378$157,958$156,573$155,221$153,901$152,548
2 years$78,900$77,430$76,006$74,625$73,286$71,923
3 years$52,077$50,602$49,181$47,813$46,496$45,164
4 years$38,669$37,198$35,791$34,447$33,161$31,872
5 years$30,626$29,163$27,775$26,458$25,209$23,965
6 years$25,265$23,814$22,447$21,159$19,947$18,750
7 years$21,438$19,999$18,653$17,396$16,222$15,074
8 years$18,569$17,143$15,819$14,593$13,458$12,357
9 years$16,339$14,926$13,625$12,430$11,333$10,281
10 years$14,555$13,156$11,879$10,715$9,657$8,651
11 years$13,097$11,712$10,458$9,325$8,305$7,346
12 years$11,883$10,512$9,281$8,179$7,197$6,283
13 years$10,857$9,500$8,292$7,221$6,276$5,406
14 years$9,977$8,635$7,451$6,410$5,501$4,675
15 years$9,216$7,889$6,727$5,717$4,844$4,059
16 years$8,551$7,238$6,099$5,119$4,281$3,537
17 years$7,964$6,666$5,550$4,599$3,796$3,091
18 years$7,443$6,159$5,066$4,145$3,375$2,709
19 years$6,978$5,708$4,638$3,745$3,008$2,379
20 years$6,559$5,305$4,256$3,392$2,687$2,093
21 years$6,181$4,941$3,915$3,078$2,405$1,844
22 years$5,838$4,612$3,608$2,799$2,155$1,628
23 years$5,525$4,314$3,332$2,549$1,935$1,438
24 years$5,239$4,042$3,081$2,325$1,739$1,272
25 years$4,976$3,793$2,854$2,123$1,565$1,127
26 years$4,733$3,565$2,647$1,941$1,410$998
27 years$4,509$3,355$2,458$1,777$1,271$886
28 years$4,302$3,161$2,285$1,628$1,147$786
29 years$4,108$2,982$2,126$1,493$1,035$698
30 years$3,929$2,816$1,980$1,370$936$620
31 years$3,761$2,662$1,846$1,258$846$551
32 years$3,604$2,519$1,723$1,157$765$490
33 years$3,456$2,386$1,608$1,064$692$436
34 years$3,318$2,261$1,503$979$627$388
35 years$3,188$2,145$1,405$901$568$345
36 years$3,065$2,036$1,314$830$515$307
37 years$2,950$1,933$1,230$764$466$274
38 years$2,840$1,837$1,152$705$423$244
39 years$2,737$1,747$1,079$650$383$217
40 years$2,639$1,662$1,012$599$348$193
41 years$2,546$1,582$949$553$315$172
42 years$2,457$1,507$890$510$286$154
43 years$2,373$1,436$835$471$260$137
44 years$2,293$1,369$784$435$236$122
45 years$2,217$1,305$736$402$214$109
46 years$2,144$1,245$691$371$194$97
47 years$2,075$1,188$649$343$176$86
48 years$2,008$1,134$610$317$160$77
49 years$1,945$1,083$574$293$146$69
50 years$1,884$1,035$539$271$132$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,930,000, adding $2,460 every year, while hoping to spend $46,548 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: 29/45/26 Blend
45$1,930,000$1,930,000$1,930,000$1,930,000
46$2,129,397$2,027,107$1,997,192$2,173,921
47$2,297,069$2,076,909$2,014,572$2,258,826
48$2,480,284$2,127,591$2,030,973$2,345,804
49$2,680,576$2,179,147$2,046,315$2,438,370
50$2,899,639$2,231,569$2,060,510$2,537,038
51$3,139,334$2,284,848$2,073,469$2,642,376
52$3,401,712$2,338,971$2,085,096$2,755,006
53$3,689,031$2,393,924$2,095,291$2,875,618
54$4,003,777$2,449,691$2,103,948$3,004,968
55$4,348,688$2,506,253$2,110,956$3,143,895
56$4,726,781$2,563,586$2,116,200$3,293,320
57$5,141,377$2,621,666$2,119,557$3,454,260
58$5,596,135$2,680,465$2,120,900$3,627,837
59$6,095,084$2,739,951$2,120,093$3,815,287
60$6,642,662$2,800,087$2,116,995$4,017,973
61$7,243,758$2,860,836$2,111,459$4,237,401
62$7,903,757$2,922,153$2,103,329$4,475,229
63$8,628,592$2,983,991$2,092,442$4,733,287
64$9,424,798$3,046,296$2,078,629$5,013,592
65$10,299,574$3,109,011$2,061,709$5,318,371
66$11,260,850$3,172,072$2,041,496$5,650,077
67$12,317,364$3,235,411$2,017,794$6,011,417
68$13,478,742$3,298,953$1,990,397$6,405,378
69$14,755,588$3,362,616$1,959,089$6,835,253
70$16,159,586$3,426,312$1,923,646$7,304,673
71$17,703,608$3,489,945$1,883,833$7,817,643
72$19,401,836$3,553,412$1,839,401$8,378,581
73$21,269,895$3,616,602$1,790,093$8,992,359
74$23,325,003$3,679,394$1,735,640$9,664,350
75$25,586,127$3,741,658$1,675,757$10,400,478
76$28,074,168$3,803,255$1,610,151$11,207,279
77$30,812,154$3,864,036$1,538,513$12,091,957
78$33,825,459$3,923,839$1,460,518$13,062,460
79$37,142,041$3,982,492$1,375,831$14,127,551
80$40,792,706$4,039,810$1,284,097$15,296,892
81$44,811,396$4,095,596$1,184,949$16,581,138
82$49,235,515$4,149,637$1,078,002$17,992,040
83$54,106,275$4,201,706$962,852$19,542,554
84$59,469,088$4,251,562$839,080$21,246,965
85$65,373,993$4,298,947$706,247$23,121,025
86$71,876,128$4,343,583$563,894$25,182,102
87$79,036,251$4,385,177$411,543$27,449,347
88$86,921,314$4,423,415$248,694$29,943,871
89$95,605,088$4,457,963$74,826$32,688,956
90$105,168,868$4,488,464$0$35,710,266
91$115,702,234$4,514,540$0$39,066,814
92$127,303,896$4,535,787$0$42,783,231
93$140,082,629$4,551,777$0$46,873,294
94$154,158,296$4,562,052$0$51,375,092
95$169,662,978$4,566,129$0$56,330,606
96$186,742,225$4,563,492$0$61,786,107
97$205,556,425$4,553,596$0$67,792,591
98$226,282,317$4,535,859$0$74,406,266
99$249,114,663$4,509,666$0$81,689,082
100$274,268,082$4,474,363$0$89,709,316