Can I retire at age 46 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$163,507$162,050$160,629$159,242$157,888$151,803
2 years$80,944$79,436$77,975$76,559$75,185$69,127
3 years$53,427$51,913$50,455$49,052$47,700$41,860
4 years$39,671$38,161$36,718$35,339$34,020$28,443
5 years$31,419$29,919$28,495$27,144$25,862$20,560
6 years$25,920$24,431$23,028$21,707$20,463$15,442
7 years$21,994$20,517$19,137$17,847$16,642$11,899
8 years$19,050$17,587$16,229$14,971$13,806$9,337
9 years$16,762$15,313$13,978$12,752$11,627$7,425
10 years$14,932$13,497$12,187$10,992$9,907$5,965
11 years$13,437$12,016$10,729$9,567$8,520$4,828
12 years$12,191$10,785$9,522$8,391$7,383$3,933
13 years$11,138$9,746$8,507$7,408$6,438$3,218
14 years$10,236$8,859$7,644$6,576$5,644$2,644
15 years$9,455$8,093$6,901$5,865$4,969$2,179
16 years$8,772$7,425$6,257$5,251$4,392$1,800
17 years$8,170$6,838$5,693$4,718$3,894$1,491
18 years$7,636$6,319$5,197$4,252$3,463$1,236
19 years$7,159$5,856$4,758$3,842$3,086$1,027
20 years$6,729$5,442$4,367$3,480$2,757$853
21 years$6,342$5,069$4,016$3,158$2,467$710
22 years$5,989$4,732$3,702$2,871$2,211$592
23 years$5,668$4,425$3,418$2,615$1,985$493
24 years$5,375$4,146$3,161$2,385$1,784$411
25 years$5,105$3,891$2,928$2,178$1,605$343
26 years$4,856$3,657$2,715$1,992$1,446$286
27 years$4,626$3,442$2,521$1,823$1,304$239
28 years$4,413$3,243$2,344$1,670$1,176$200
29 years$4,215$3,059$2,181$1,532$1,062$167
30 years$4,030$2,889$2,032$1,406$960$139
31 years$3,858$2,731$1,894$1,291$868$116
32 years$3,697$2,584$1,767$1,186$785$97
33 years$3,546$2,448$1,650$1,091$710$81
34 years$3,404$2,320$1,542$1,004$643$68
35 years$3,270$2,200$1,441$924$583$57
36 years$3,145$2,088$1,348$851$528$47
37 years$3,026$1,983$1,262$784$478$40
38 years$2,914$1,885$1,182$723$434$33
39 years$2,808$1,792$1,107$666$393$28
40 years$2,707$1,705$1,038$615$357$23
41 years$2,612$1,623$973$567$324$19
42 years$2,521$1,546$913$523$294$16
43 years$2,435$1,473$857$483$267$14
44 years$2,353$1,404$804$446$242$11
45 years$2,274$1,339$755$412$220$9
46 years$2,200$1,277$709$381$199$8
47 years$2,129$1,219$666$352$181$7
48 years$2,060$1,164$626$325$164$6
49 years$1,995$1,111$588$300$149$5
50 years$1,933$1,061$553$278$136$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,980,000, adding $4,620 every year, while hoping to spend $43,291 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: 79/6/15 Blend
45$1,980,000$1,980,000$1,980,000$1,980,000
46$2,186,726$2,081,786$2,051,096$2,352,296
47$2,363,710$2,137,732$2,073,746$2,517,909
48$2,557,296$2,194,968$2,095,704$2,693,576
49$2,769,132$2,253,513$2,116,901$2,885,099
50$3,001,031$2,313,382$2,137,265$3,094,047
51$3,254,991$2,374,593$2,156,718$3,322,149
52$3,533,212$2,437,161$2,175,181$3,571,309
53$3,838,118$2,501,100$2,192,567$3,843,623
54$4,172,376$2,566,424$2,208,789$4,141,403
55$4,538,926$2,633,146$2,223,751$4,467,193
56$4,941,005$2,701,279$2,237,355$4,823,796
57$5,382,178$2,770,831$2,249,496$5,214,302
58$5,866,371$2,841,814$2,260,066$5,642,113
59$6,397,912$2,914,233$2,268,949$6,110,977
60$6,981,564$2,988,096$2,276,024$6,625,026
61$7,622,578$3,063,407$2,281,165$7,188,809
62$8,326,735$3,140,168$2,284,238$7,807,340
63$9,100,406$3,218,380$2,285,104$8,486,144
64$9,950,609$3,298,042$2,283,616$9,231,307
65$10,885,073$3,379,148$2,279,620$10,049,536
66$11,912,318$3,461,694$2,272,954$10,948,221
67$13,041,725$3,545,668$2,263,449$11,935,505
68$14,283,635$3,631,059$2,250,928$13,020,358
69$15,649,436$3,717,851$2,235,205$14,212,669
70$17,151,678$3,806,026$2,216,084$15,523,331
71$18,804,188$3,895,560$2,193,362$16,964,348
72$20,622,200$3,986,427$2,166,824$18,548,948
73$22,622,499$4,078,596$2,136,246$20,291,708
74$24,823,578$4,172,032$2,101,395$22,208,689
75$27,245,815$4,266,694$2,062,024$24,317,592
76$29,911,663$4,362,536$2,017,877$26,637,920
77$32,845,860$4,459,508$1,968,683$29,191,167
78$36,075,667$4,557,553$1,914,163$32,001,017
79$39,631,119$4,656,608$1,854,022$35,093,570
80$43,545,313$4,756,601$1,787,952$38,497,586
81$47,854,718$4,857,457$1,715,630$42,244,761
82$52,599,516$4,959,090$1,636,721$46,370,021
83$57,823,988$5,061,406$1,550,873$50,911,853
84$63,576,925$5,164,305$1,457,717$55,912,672
85$69,912,090$5,267,675$1,356,869$61,419,217
86$76,888,727$5,371,395$1,247,928$67,482,995
87$84,572,118$5,475,334$1,130,474$74,160,765
88$93,034,198$5,579,349$1,004,069$81,515,078
89$102,354,235$5,683,286$868,254$89,614,861
90$112,619,578$5,786,979$722,552$98,536,075
91$123,926,481$5,890,246$566,463$108,362,428
92$136,381,008$5,992,895$399,466$119,186,165
93$150,100,039$6,094,715$221,017$131,108,942
94$165,212,369$6,195,481$30,546$144,242,784
95$181,859,923$6,294,952$0$158,711,141
96$200,199,098$6,392,868$0$174,677,701
97$220,402,237$6,488,949$0$192,271,756
98$242,659,255$6,582,898$0$211,653,730
99$267,179,433$6,674,394$0$233,005,796
100$294,193,391$6,763,095$0$256,528,706