Can I retire at age 46 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$161,855$160,413$159,007$157,634$156,293$151,960
2 years$80,126$78,634$77,188$75,785$74,425$70,092
3 years$52,887$51,388$49,946$48,556$47,218$43,021
4 years$39,270$37,776$36,348$34,982$33,677$29,647
5 years$31,102$29,617$28,207$26,870$25,600$21,750
6 years$25,658$24,184$22,796$21,488$20,257$16,589
7 years$21,771$20,310$18,943$17,666$16,474$12,989
8 years$18,858$17,409$16,065$14,820$13,667$10,362
9 years$16,593$15,158$13,837$12,623$11,510$8,382
10 years$14,782$13,361$12,064$10,881$9,807$6,853
11 years$13,301$11,894$10,621$9,470$8,434$5,649
12 years$12,068$10,676$9,425$8,307$7,309$4,687
13 years$11,025$9,648$8,421$7,333$6,373$3,910
14 years$10,132$8,770$7,566$6,510$5,587$3,275
15 years$9,359$8,011$6,831$5,806$4,919$2,753
16 years$8,684$7,350$6,194$5,198$4,348$2,321
17 years$8,088$6,769$5,636$4,671$3,855$1,962
18 years$7,559$6,255$5,145$4,209$3,428$1,661
19 years$7,086$5,797$4,710$3,803$3,055$1,409
20 years$6,661$5,387$4,323$3,445$2,729$1,197
21 years$6,278$5,018$3,976$3,126$2,442$1,018
22 years$5,929$4,684$3,664$2,842$2,189$867
23 years$5,611$4,381$3,383$2,589$1,965$738
24 years$5,320$4,104$3,129$2,361$1,766$629
25 years$5,053$3,852$2,898$2,156$1,589$537
26 years$4,807$3,620$2,688$1,972$1,431$458
27 years$4,579$3,407$2,496$1,805$1,291$391
28 years$4,368$3,210$2,320$1,653$1,165$334
29 years$4,172$3,029$2,159$1,516$1,052$286
30 years$3,990$2,860$2,011$1,392$950$244
31 years$3,819$2,704$1,875$1,278$859$209
32 years$3,660$2,558$1,749$1,174$777$179
33 years$3,510$2,423$1,633$1,080$703$153
34 years$3,370$2,296$1,526$994$637$131
35 years$3,237$2,178$1,427$915$577$112
36 years$3,113$2,067$1,335$843$522$96
37 years$2,995$1,963$1,249$776$474$82
38 years$2,884$1,866$1,170$715$429$70
39 years$2,779$1,774$1,096$660$389$60
40 years$2,680$1,688$1,027$608$353$51
41 years$2,585$1,607$963$561$320$44
42 years$2,495$1,530$904$518$291$38
43 years$2,410$1,458$848$478$264$32
44 years$2,329$1,390$796$442$239$28
45 years$2,251$1,325$747$408$217$24
46 years$2,178$1,264$702$377$197$20
47 years$2,107$1,207$660$348$179$17
48 years$2,040$1,152$620$322$163$15
49 years$1,975$1,100$583$297$148$13
50 years$1,914$1,051$548$275$134$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,960,000, adding $2,769 every year, while hoping to spend $52,544 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: 76/9/15 Blend
45$1,960,000$1,960,000$1,960,000$1,960,000
46$2,162,776$2,058,896$2,028,516$2,319,971
47$2,327,473$2,103,876$2,040,565$2,469,132
48$2,507,208$2,149,298$2,051,257$2,625,762
49$2,703,459$2,195,130$2,060,490$2,796,043
50$2,917,854$2,241,333$2,068,158$2,981,317
51$3,152,185$2,287,868$2,074,151$3,183,064
52$3,408,423$2,334,690$2,078,351$3,402,914
53$3,688,742$2,381,749$2,080,635$3,642,662
54$3,995,532$2,428,993$2,080,875$3,904,287
55$4,331,426$2,476,363$2,078,934$4,189,967
56$4,699,325$2,523,798$2,074,672$4,502,103
57$5,102,421$2,571,230$2,067,938$4,843,341
58$5,544,232$2,618,584$2,058,578$5,216,594
59$6,028,630$2,665,781$2,046,427$5,625,075
60$6,559,882$2,712,736$2,031,314$6,072,321
61$7,142,686$2,759,356$2,013,059$6,562,232
62$7,782,217$2,805,542$1,991,474$7,099,103
63$8,484,176$2,851,186$1,966,361$7,687,668
64$9,254,843$2,896,175$1,937,515$8,333,144
65$10,101,134$2,940,385$1,904,719$9,041,278
66$11,030,669$2,983,683$1,867,746$9,818,406
67$12,051,842$3,025,928$1,826,360$10,671,508
68$13,173,900$3,066,969$1,780,314$11,608,275
69$14,407,031$3,106,643$1,729,347$12,637,184
70$15,762,456$3,144,777$1,673,188$13,767,577
71$17,252,541$3,181,185$1,611,554$15,009,748
72$18,890,908$3,215,671$1,544,149$16,375,042
73$20,692,564$3,248,022$1,470,661$17,875,959
74$22,674,044$3,278,014$1,390,768$19,526,278
75$24,853,567$3,305,408$1,304,129$21,341,181
76$27,251,205$3,329,946$1,210,391$23,337,400
77$29,889,073$3,351,359$1,109,184$25,533,376
78$32,791,538$3,369,355$1,000,121$27,949,428
79$35,985,449$3,383,627$882,799$30,607,952
80$39,500,387$3,393,847$756,796$33,533,628
81$43,368,949$3,399,668$621,670$36,753,653
82$47,627,048$3,400,719$476,963$40,298,003
83$52,314,260$3,396,607$322,194$44,199,708
84$57,474,189$3,386,914$156,862$48,495,174
85$63,154,882$3,371,199$0$53,224,517
86$69,409,283$3,348,992$0$58,435,085
87$76,295,731$3,319,793$0$64,199,464
88$83,878,507$3,283,074$0$70,546,310
89$92,228,445$3,238,275$0$77,534,893
90$101,423,599$3,184,803$0$85,230,529
91$111,549,975$3,122,028$0$93,705,190
92$122,702,349$3,049,284$0$103,038,189
93$134,985,155$2,965,864$0$113,316,925
94$148,513,472$2,871,024$0$124,637,708
95$163,414,113$2,763,970$0$137,106,671
96$179,826,815$2,643,868$0$150,840,768
97$197,905,564$2,509,831$0$165,968,879
98$217,820,042$2,360,923$0$182,633,029
99$239,757,232$2,196,154$0$200,989,726
100$263,923,182$2,014,477$0$221,211,438