Can I retire at age 46 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$164,332$162,869$161,440$160,046$158,685$155,038
2 years$81,353$79,838$78,369$76,945$75,564$71,910
3 years$53,696$52,175$50,710$49,300$47,941$44,394
4 years$39,871$38,354$36,904$35,518$34,192$30,779
5 years$31,578$30,070$28,639$27,281$25,992$22,723
6 years$26,051$24,554$23,145$21,817$20,567$17,445
7 years$22,105$20,621$19,233$17,937$16,726$13,752
8 years$19,146$17,676$16,311$15,047$13,876$11,049
9 years$16,847$15,390$14,049$12,816$11,686$9,003
10 years$15,008$13,565$12,248$11,048$9,957$7,415
11 years$13,504$12,077$10,783$9,615$8,563$6,160
12 years$12,253$10,839$9,570$8,434$7,421$5,151
13 years$11,194$9,796$8,550$7,446$6,471$4,332
14 years$10,288$8,904$7,682$6,609$5,672$3,659
15 years$9,503$8,134$6,936$5,894$4,994$3,102
16 years$8,816$7,463$6,288$5,278$4,414$2,637
17 years$8,212$6,873$5,722$4,742$3,914$2,248
18 years$7,675$6,351$5,224$4,274$3,480$1,921
19 years$7,195$5,886$4,782$3,862$3,102$1,644
20 years$6,763$5,469$4,389$3,497$2,771$1,409
21 years$6,374$5,095$4,037$3,174$2,479$1,210
22 years$6,020$4,756$3,720$2,886$2,222$1,039
23 years$5,697$4,448$3,435$2,628$1,995$894
24 years$5,402$4,167$3,177$2,397$1,793$769
25 years$5,131$3,911$2,943$2,189$1,614$663
26 years$4,881$3,676$2,729$2,002$1,453$571
27 years$4,649$3,459$2,534$1,832$1,310$493
28 years$4,435$3,259$2,356$1,679$1,182$425
29 years$4,236$3,075$2,192$1,539$1,068$367
30 years$4,051$2,904$2,042$1,413$965$317
31 years$3,878$2,745$1,904$1,298$872$273
32 years$3,716$2,598$1,776$1,192$789$236
33 years$3,564$2,460$1,658$1,097$714$204
34 years$3,421$2,331$1,550$1,009$646$176
35 years$3,287$2,211$1,449$929$586$152
36 years$3,161$2,099$1,355$855$530$132
37 years$3,041$1,993$1,269$788$481$114
38 years$2,928$1,894$1,188$726$436$98
39 years$2,822$1,801$1,113$670$395$85
40 years$2,721$1,714$1,043$618$359$74
41 years$2,625$1,632$978$570$325$64
42 years$2,534$1,554$918$526$295$55
43 years$2,447$1,480$861$486$268$48
44 years$2,364$1,411$808$448$243$41
45 years$2,286$1,346$759$414$221$36
46 years$2,211$1,284$713$382$200$31
47 years$2,139$1,225$670$353$182$27
48 years$2,071$1,170$629$327$165$23
49 years$2,006$1,117$591$302$150$20
50 years$1,943$1,067$556$279$136$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,990,000, adding $4,051 every year, while hoping to spend $25,689 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: 32/42/26 Blend
45$1,990,000$1,990,000$1,990,000$1,990,000
46$2,197,159$2,091,689$2,060,844$2,249,873
47$2,393,936$2,166,848$2,102,549$2,365,536
48$2,609,923$2,244,830$2,144,790$2,487,463
49$2,847,054$2,325,745$2,187,559$2,618,282
50$3,107,455$2,409,708$2,230,844$2,758,790
51$3,393,472$2,496,841$2,274,634$2,909,866
52$3,707,689$2,587,268$2,318,917$3,072,471
53$4,052,950$2,681,121$2,363,678$3,247,664
54$4,432,391$2,778,536$2,408,901$3,436,605
55$4,849,465$2,879,655$2,454,569$3,640,570
56$5,307,977$2,984,624$2,500,663$3,860,962
57$5,812,119$3,093,599$2,547,164$4,099,320
58$6,366,509$3,206,740$2,594,048$4,357,339
59$6,976,236$3,324,213$2,641,292$4,636,880
60$7,646,907$3,446,194$2,688,870$4,939,989
61$8,384,697$3,572,863$2,736,752$5,268,917
62$9,196,412$3,704,410$2,784,910$5,626,140
63$10,089,552$3,841,031$2,833,310$6,014,380
64$11,072,377$3,982,933$2,881,917$6,436,632
65$12,153,993$4,130,330$2,930,694$6,896,190
66$13,344,428$4,283,444$2,979,600$7,396,678
67$14,654,735$4,442,508$3,028,593$7,942,087
68$16,097,093$4,607,766$3,077,625$8,536,804
69$17,684,920$4,779,470$3,126,649$9,185,660
70$19,433,002$4,957,884$3,175,612$9,893,972
71$21,357,631$5,143,283$3,224,458$10,667,590
72$23,476,760$5,335,955$3,273,128$11,512,957
73$25,810,170$5,536,198$3,321,559$12,437,164
74$28,379,661$5,744,324$3,369,684$13,448,016
75$31,209,249$5,960,660$3,417,432$14,554,109
76$34,325,405$6,185,544$3,464,727$15,764,905
77$37,757,291$6,419,331$3,511,491$17,090,825
78$41,537,047$6,662,390$3,557,638$18,543,340
79$45,700,086$6,915,107$3,603,079$20,135,087
80$50,285,433$7,177,885$3,647,720$21,879,977
81$55,336,088$7,451,143$3,691,460$23,793,334
82$60,899,440$7,735,319$3,734,194$25,892,033
83$67,027,703$8,030,871$3,775,811$28,194,658
84$73,778,420$8,338,275$3,816,192$30,721,681
85$81,214,998$8,658,029$3,855,213$33,495,646
86$89,407,309$8,990,653$3,892,744$36,541,389
87$98,432,349$9,336,690$3,928,645$39,886,262
88$108,374,967$9,696,706$3,962,773$43,560,397
89$119,328,661$10,071,292$3,994,973$47,596,985
90$131,396,464$10,461,066$4,025,085$52,032,589
91$144,691,916$10,866,671$4,052,938$56,907,486
92$159,340,134$11,288,780$4,078,354$62,266,045
93$175,478,994$11,728,097$4,101,146$68,157,146
94$193,260,433$12,185,354$4,121,115$74,634,639
95$212,851,879$12,661,319$4,138,054$81,757,848
96$234,437,837$13,156,790$4,151,745$89,592,130
97$258,221,628$13,672,604$4,161,960$98,209,492
98$284,427,306$14,209,634$4,168,458$107,689,264
99$313,301,776$14,768,790$4,170,986$118,118,849
100$345,117,122$15,351,027$4,169,280$129,594,544