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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.8%
1 years$123,869$122,765$121,689$120,638$119,612$118,215
2 years$61,321$60,179$59,072$57,999$56,958$55,552
3 years$40,475$39,328$38,224$37,161$36,137$34,765
4 years$30,053$28,910$27,817$26,772$25,773$24,447
5 years$23,802$22,666$21,587$20,564$19,592$18,315
6 years$19,636$18,508$17,446$16,445$15,503$14,276
7 years$16,662$15,543$14,497$13,520$12,608$11,432
8 years$14,432$13,323$12,295$11,342$10,459$9,335
9 years$12,698$11,600$10,590$9,661$8,808$7,734
10 years$11,312$10,225$9,232$8,328$7,505$6,480
11 years$10,179$9,103$8,128$7,247$6,455$5,479
12 years$9,236$8,170$7,213$6,357$5,593$4,665
13 years$8,438$7,384$6,445$5,612$4,878$3,996
14 years$7,754$6,711$5,791$4,982$4,276$3,440
15 years$7,163$6,131$5,228$4,443$3,765$2,973
16 years$6,646$5,625$4,740$3,978$3,327$2,578
17 years$6,190$5,181$4,313$3,574$2,950$2,242
18 years$5,785$4,787$3,937$3,221$2,623$1,955
19 years$5,423$4,437$3,605$2,911$2,338$1,708
20 years$5,098$4,123$3,308$2,636$2,088$1,495
21 years$4,804$3,840$3,043$2,393$1,869$1,311
22 years$4,537$3,585$2,804$2,175$1,675$1,151
23 years$4,294$3,353$2,589$1,981$1,504$1,011
24 years$4,072$3,141$2,395$1,807$1,352$890
25 years$3,867$2,948$2,218$1,650$1,216$784
26 years$3,679$2,770$2,057$1,509$1,096$691
27 years$3,505$2,607$1,910$1,381$988$609
28 years$3,343$2,457$1,776$1,265$891$538
29 years$3,193$2,318$1,652$1,160$805$475
30 years$3,053$2,189$1,539$1,065$727$419
31 years$2,923$2,069$1,435$978$657$371
32 years$2,801$1,958$1,339$899$595$328
33 years$2,686$1,854$1,250$827$538$290
34 years$2,579$1,757$1,168$761$487$256
35 years$2,478$1,667$1,092$700$441$227
36 years$2,382$1,582$1,022$645$400$201
37 years$2,292$1,503$956$594$362$178
38 years$2,207$1,428$895$548$329$157
39 years$2,127$1,358$839$505$298$139
40 years$2,051$1,292$786$466$270$123
41 years$1,978$1,230$737$430$245$109
42 years$1,910$1,171$692$397$222$97
43 years$1,844$1,116$649$366$202$86
44 years$1,782$1,064$609$338$183$76
45 years$1,723$1,014$572$312$166$67
46 years$1,666$968$537$288$151$60
47 years$1,613$923$505$266$137$53
48 years$1,561$882$474$246$125$47
49 years$1,512$842$446$227$113$41
50 years$1,465$804$419$210$103$37

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 $3,720 every year, while hoping to spend $46,909 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: 65/16/19 Blend
44$1,500,000$1,500,000$1,500,000$1,500,000
45$1,656,837$1,577,337$1,554,087$1,756,392
46$1,775,924$1,604,716$1,556,238$1,851,039
47$1,905,585$1,631,864$1,556,889$1,948,726
48$2,046,850$1,658,721$1,555,940$2,054,366
49$2,200,851$1,685,220$1,553,287$2,168,738
50$2,368,835$1,711,293$1,548,819$2,292,702
51$2,552,173$1,736,864$1,542,422$2,427,207
52$2,752,376$1,761,851$1,533,974$2,573,295
53$2,971,106$1,786,169$1,523,349$2,732,119
54$3,210,193$1,809,726$1,510,416$2,904,948
55$3,471,652$1,832,422$1,495,034$3,093,182
56$3,757,701$1,854,151$1,477,058$3,298,364
57$4,070,783$1,874,801$1,456,337$3,522,194
58$4,413,589$1,894,252$1,432,709$3,766,549
59$4,789,079$1,912,375$1,406,010$4,033,495
60$5,200,517$1,929,033$1,376,063$4,325,313
61$5,651,494$1,944,080$1,342,685$4,644,514
62$6,145,968$1,957,361$1,305,686$4,993,871
63$6,688,295$1,968,710$1,264,865$5,376,437
64$7,283,276$1,977,952$1,220,013$5,795,580
65$7,936,198$1,984,899$1,170,911$6,255,013
66$8,652,883$1,989,353$1,117,330$6,758,829
67$9,439,747$1,991,101$1,059,031$7,311,541
68$10,303,856$1,989,919$995,763$7,918,123
69$11,252,993$1,985,569$927,265$8,584,059
70$12,295,734$1,977,798$853,263$9,315,397
71$13,441,525$1,966,336$773,474$10,118,802
72$14,700,773$1,950,898$687,597$11,001,622
73$16,084,942$1,931,183$595,322$11,971,957
74$17,606,665$1,906,869$496,324$13,038,739
75$19,279,857$1,877,618$390,263$14,211,812
76$21,119,849$1,843,068$276,784$15,502,027
77$23,143,535$1,802,840$155,517$16,921,350
78$25,369,524$1,756,528$26,076$18,482,966
79$27,818,323$1,703,705$0$20,201,414
80$30,512,524$1,643,919$0$22,115,437
81$33,477,021$1,576,690$0$24,227,100
82$36,739,241$1,501,512$0$26,550,671
83$40,329,406$1,417,848$0$29,107,708
84$44,280,815$1,325,132$0$31,921,967
85$48,630,159$1,222,764$0$35,019,628
86$53,417,865$1,110,110$0$38,429,544
87$58,688,482$986,500$0$42,183,510
88$64,491,095$851,226$0$46,316,568
89$70,879,790$703,540$0$50,867,332
90$77,914,166$542,651$0$55,878,361
91$85,659,895$367,725$0$61,396,554
92$94,189,340$177,879$0$67,473,597
93$103,582,241$0$0$74,166,449
94$113,926,464$0$0$81,542,782
95$125,318,831$0$0$89,701,158
96$137,866,034$0$0$98,686,680
97$151,685,638$0$0$108,583,560
98$166,907,196$0$0$119,484,592
99$183,673,466$0$0$131,492,034
100$202,141,760$0$0$144,718,565