Can I retire at age 46 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$160,203$158,776$157,384$156,025$154,698$152,073
2 years$79,309$77,832$76,400$75,012$73,666$71,029
3 years$52,347$50,864$49,436$48,061$46,737$44,170
4 years$38,869$37,390$35,977$34,625$33,333$30,857
5 years$30,784$29,314$27,919$26,596$25,339$22,961
6 years$25,396$23,937$22,563$21,269$20,050$17,772
7 years$21,549$20,103$18,750$17,486$16,306$14,128
8 years$18,665$17,232$15,901$14,669$13,527$11,450
9 years$16,423$15,003$13,696$12,494$11,392$9,414
10 years$14,631$13,225$11,940$10,770$9,707$7,826
11 years$13,165$11,773$10,512$9,373$8,348$6,563
12 years$11,945$10,567$9,329$8,222$7,234$5,542
13 years$10,913$9,549$8,335$7,259$6,308$4,707
14 years$10,029$8,680$7,489$6,443$5,530$4,016
15 years$9,264$7,929$6,762$5,746$4,869$3,440
16 years$8,595$7,275$6,130$5,145$4,303$2,957
17 years$8,005$6,700$5,578$4,623$3,816$2,548
18 years$7,482$6,191$5,092$4,166$3,393$2,201
19 years$7,014$5,738$4,662$3,765$3,024$1,905
20 years$6,593$5,332$4,278$3,409$2,701$1,651
21 years$6,213$4,967$3,935$3,094$2,417$1,433
22 years$5,868$4,636$3,627$2,813$2,167$1,246
23 years$5,554$4,336$3,349$2,562$1,945$1,084
24 years$5,266$4,063$3,097$2,337$1,748$944
25 years$5,002$3,813$2,869$2,134$1,573$823
26 years$4,758$3,583$2,660$1,951$1,417$718
27 years$4,533$3,372$2,470$1,786$1,277$627
28 years$4,324$3,178$2,297$1,637$1,153$547
29 years$4,130$2,998$2,137$1,501$1,041$478
30 years$3,949$2,831$1,991$1,377$940$418
31 years$3,780$2,676$1,856$1,265$850$365
32 years$3,622$2,532$1,732$1,163$769$320
33 years$3,474$2,398$1,617$1,069$696$280
34 years$3,335$2,273$1,511$984$630$245
35 years$3,204$2,156$1,412$905$571$214
36 years$3,081$2,046$1,321$834$517$187
37 years$2,965$1,943$1,237$768$469$164
38 years$2,855$1,847$1,158$708$425$144
39 years$2,751$1,756$1,085$653$385$126
40 years$2,652$1,671$1,017$602$350$110
41 years$2,559$1,591$954$556$317$96
42 years$2,470$1,515$894$513$288$85
43 years$2,385$1,443$839$473$261$74
44 years$2,305$1,376$788$437$237$65
45 years$2,228$1,312$740$404$215$57
46 years$2,155$1,251$695$373$195$50
47 years$2,086$1,194$653$345$177$44
48 years$2,019$1,140$613$318$161$38
49 years$1,955$1,089$577$294$146$33
50 years$1,894$1,040$542$272$133$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,940,000, adding $2,781 every year, while hoping to spend $43,917 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: 78/9/13 Blend
45$1,940,000$1,940,000$1,940,000$1,940,000
46$2,140,749$2,037,929$2,007,859$2,302,015
47$2,312,378$2,091,060$2,028,395$2,461,696
48$2,500,041$2,145,322$2,048,146$2,630,911
49$2,705,328$2,200,726$2,067,042$2,815,271
50$2,929,987$2,257,278$2,085,004$3,016,270
51$3,175,947$2,314,985$2,101,953$3,235,555
52$3,445,328$2,373,854$2,117,803$3,474,939
53$3,740,467$2,433,889$2,132,465$3,736,418
54$4,063,938$2,495,092$2,145,845$4,022,193
55$4,418,574$2,557,466$2,157,845$4,334,686
56$4,807,496$2,621,009$2,168,361$4,676,567
57$5,234,142$2,685,720$2,177,282$5,050,775
58$5,702,299$2,751,595$2,184,496$5,460,550
59$6,216,138$2,818,628$2,189,881$5,909,460
60$6,780,253$2,886,809$2,193,311$6,401,437
61$7,399,705$2,956,129$2,194,653$6,940,812
62$8,080,068$3,026,573$2,193,767$7,532,358
63$8,827,485$3,098,125$2,190,508$8,181,332
64$9,648,721$3,170,765$2,184,723$8,893,527
65$10,551,229$3,244,471$2,176,249$9,675,328
66$11,543,221$3,319,217$2,164,920$10,533,766
67$12,633,742$3,394,971$2,150,558$11,476,591
68$13,832,759$3,471,700$2,132,977$12,512,342
69$15,151,254$3,549,367$2,111,985$13,650,428
70$16,601,322$3,627,926$2,087,377$14,901,217
71$18,196,294$3,707,331$2,058,941$16,276,132
72$19,950,854$3,787,529$2,026,453$17,787,762
73$21,881,183$3,868,460$1,989,682$19,449,979
74$24,005,110$3,950,060$1,948,382$21,278,067
75$26,342,276$4,032,258$1,902,298$23,288,871
76$28,914,325$4,114,976$1,851,162$25,500,950
77$31,745,106$4,198,129$1,794,695$27,934,759
78$34,860,893$4,281,624$1,732,604$30,612,836
79$38,290,642$4,365,361$1,664,584$33,560,018
80$42,066,254$4,449,230$1,590,314$36,803,673
81$46,222,882$4,533,113$1,509,460$40,373,962
82$50,799,261$4,616,881$1,421,672$44,304,121
83$55,838,073$4,700,395$1,326,585$48,630,776
84$61,386,348$4,783,506$1,223,817$53,394,288
85$67,495,910$4,866,052$1,112,969$58,639,133
86$74,223,864$4,947,860$993,625$64,414,324
87$81,633,135$5,028,743$865,349$70,773,875
88$89,793,063$5,108,499$727,687$77,777,307
89$98,780,055$5,186,915$580,163$85,490,211
90$108,678,304$5,263,757$422,282$93,984,872
91$119,580,590$5,338,780$253,527$103,340,943
92$131,589,147$5,411,717$73,358$113,646,207
93$144,816,634$5,482,286$0$124,997,397
94$159,387,195$5,550,182$0$137,517,610
95$175,437,630$5,615,082$0$151,319,758
96$193,118,687$5,676,639$0$166,523,199
97$212,596,483$5,734,485$0$183,270,685
98$234,054,076$5,788,226$0$201,719,527
99$257,693,184$5,837,442$0$222,043,076
100$283,736,098$5,881,685$0$244,432,360