Can I retire at age 45 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$123,869$122,765$121,689$120,638$119,612$117,293
2 years$61,321$60,179$59,072$57,999$56,958$54,631
3 years$40,475$39,328$38,224$37,161$36,137$33,874
4 years$30,053$28,910$27,817$26,772$25,773$23,593
5 years$23,802$22,666$21,587$20,564$19,592$17,500
6 years$19,636$18,508$17,446$16,445$15,503$13,501
7 years$16,662$15,543$14,497$13,520$12,608$10,697
8 years$14,432$13,323$12,295$11,342$10,459$8,639
9 years$12,698$11,600$10,590$9,661$8,808$7,078
10 years$11,312$10,225$9,232$8,328$7,505$5,862
11 years$10,179$9,103$8,128$7,247$6,455$4,897
12 years$9,236$8,170$7,213$6,357$5,593$4,120
13 years$8,438$7,384$6,445$5,612$4,878$3,485
14 years$7,754$6,711$5,791$4,982$4,276$2,962
15 years$7,163$6,131$5,228$4,443$3,765$2,527
16 years$6,646$5,625$4,740$3,978$3,327$2,162
17 years$6,190$5,181$4,313$3,574$2,950$1,855
18 years$5,785$4,787$3,937$3,221$2,623$1,595
19 years$5,423$4,437$3,605$2,911$2,338$1,375
20 years$5,098$4,123$3,308$2,636$2,088$1,186
21 years$4,804$3,840$3,043$2,393$1,869$1,025
22 years$4,537$3,585$2,804$2,175$1,675$887
23 years$4,294$3,353$2,589$1,981$1,504$768
24 years$4,072$3,141$2,395$1,807$1,352$666
25 years$3,867$2,948$2,218$1,650$1,216$578
26 years$3,679$2,770$2,057$1,509$1,096$502
27 years$3,505$2,607$1,910$1,381$988$436
28 years$3,343$2,457$1,776$1,265$891$379
29 years$3,193$2,318$1,652$1,160$805$329
30 years$3,053$2,189$1,539$1,065$727$286
31 years$2,923$2,069$1,435$978$657$249
32 years$2,801$1,958$1,339$899$595$217
33 years$2,686$1,854$1,250$827$538$189
34 years$2,579$1,757$1,168$761$487$164
35 years$2,478$1,667$1,092$700$441$143
36 years$2,382$1,582$1,022$645$400$125
37 years$2,292$1,503$956$594$362$109
38 years$2,207$1,428$895$548$329$95
39 years$2,127$1,358$839$505$298$82
40 years$2,051$1,292$786$466$270$72
41 years$1,978$1,230$737$430$245$63
42 years$1,910$1,171$692$397$222$54
43 years$1,844$1,116$649$366$202$47
44 years$1,782$1,064$609$338$183$41
45 years$1,723$1,014$572$312$166$36
46 years$1,666$968$537$288$151$31
47 years$1,613$923$505$266$137$27
48 years$1,561$882$474$246$125$24
49 years$1,512$842$446$227$113$21
50 years$1,465$804$419$210$103$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,500,000, adding $5,924 every year, while hoping to spend $41,353 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: 57/37/6 Blend
44$1,500,000$1,500,000$1,500,000$1,500,000
45$1,659,111$1,579,611$1,556,361$1,751,280
46$1,784,341$1,613,012$1,564,499$1,847,333
47$1,920,958$1,646,665$1,571,525$1,946,754
48$2,070,081$1,680,536$1,577,356$2,054,044
49$2,232,940$1,714,593$1,581,908$2,169,958
50$2,410,889$1,748,797$1,585,091$2,295,327
51$2,605,420$1,783,109$1,586,812$2,431,067
52$2,818,174$1,817,483$1,586,972$2,578,185
53$3,050,961$1,851,872$1,585,468$2,737,792
54$3,305,769$1,886,224$1,582,192$2,911,112
55$3,584,791$1,920,483$1,577,029$3,099,493
56$3,890,442$1,954,589$1,569,861$3,304,421
57$4,225,379$1,988,475$1,560,564$3,527,532
58$4,592,530$2,022,073$1,549,005$3,770,630
59$4,995,120$2,055,306$1,535,048$4,035,704
60$5,436,699$2,088,094$1,518,550$4,324,942
61$5,921,180$2,120,348$1,499,359$4,640,761
62$6,452,872$2,151,976$1,477,318$4,985,819
63$7,036,519$2,182,877$1,452,263$5,363,049
64$7,677,350$2,212,944$1,424,020$5,775,683
65$8,381,124$2,242,062$1,392,408$6,227,283
66$9,154,184$2,270,109$1,357,239$6,721,773
67$10,003,519$2,296,953$1,318,315$7,263,481
68$10,936,828$2,322,453$1,275,429$7,857,176
69$11,962,592$2,346,462$1,228,364$8,508,115
70$13,090,156$2,368,818$1,176,893$9,222,089
71$14,329,814$2,389,352$1,120,781$10,005,487
72$15,692,908$2,407,882$1,059,780$10,865,346
73$17,191,932$2,424,217$993,631$11,809,424
74$18,840,656$2,438,150$922,064$12,846,274
75$20,654,246$2,449,462$844,796$13,985,320
76$22,649,416$2,457,923$761,533$15,236,953
77$24,844,578$2,463,283$671,967$16,612,624
78$27,260,022$2,465,281$575,775$18,124,956
79$29,918,103$2,463,638$472,622$19,787,861
80$32,843,450$2,458,057$362,156$21,616,675
81$36,063,205$2,448,225$244,011$23,628,300
82$39,607,271$2,433,807$117,804$25,841,369
83$43,508,599$2,414,449$0$28,276,416
84$47,803,495$2,389,777$0$30,957,158
85$52,531,968$2,359,392$0$33,915,580
86$57,738,098$2,322,872$0$37,171,661
87$63,470,462$2,279,771$0$40,755,737
88$69,782,584$2,229,614$0$44,701,246
89$76,733,444$2,171,902$0$49,045,042
90$84,388,032$2,106,102$0$53,827,742
91$92,817,963$2,031,652$0$59,094,111
92$102,102,151$1,947,959$0$64,893,488
93$112,327,554$1,854,393$0$71,280,251
94$123,589,994$1,750,288$0$78,314,330
95$135,995,062$1,634,940$0$86,061,779
96$149,659,111$1,507,605$0$94,595,396
97$164,710,359$1,367,496$0$103,995,413
98$181,290,094$1,213,781$0$114,350,256
99$199,554,008$1,045,582$0$125,757,381
100$219,673,671$861,969$0$138,324,197