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%13.9%
1 years$123,869$122,765$121,689$120,638$119,612$117,679
2 years$61,321$60,179$59,072$57,999$56,958$55,016
3 years$40,475$39,328$38,224$37,161$36,137$34,246
4 years$30,053$28,910$27,817$26,772$25,773$23,948
5 years$23,802$22,666$21,587$20,564$19,592$17,838
6 years$19,636$18,508$17,446$16,445$15,503$13,822
7 years$16,662$15,543$14,497$13,520$12,608$11,001
8 years$14,432$13,323$12,295$11,342$10,459$8,926
9 years$12,698$11,600$10,590$9,661$8,808$7,347
10 years$11,312$10,225$9,232$8,328$7,505$6,115
11 years$10,179$9,103$8,128$7,247$6,455$5,135
12 years$9,236$8,170$7,213$6,357$5,593$4,342
13 years$8,438$7,384$6,445$5,612$4,878$3,692
14 years$7,754$6,711$5,791$4,982$4,276$3,155
15 years$7,163$6,131$5,228$4,443$3,765$2,706
16 years$6,646$5,625$4,740$3,978$3,327$2,329
17 years$6,190$5,181$4,313$3,574$2,950$2,010
18 years$5,785$4,787$3,937$3,221$2,623$1,738
19 years$5,423$4,437$3,605$2,911$2,338$1,507
20 years$5,098$4,123$3,308$2,636$2,088$1,308
21 years$4,804$3,840$3,043$2,393$1,869$1,137
22 years$4,537$3,585$2,804$2,175$1,675$990
23 years$4,294$3,353$2,589$1,981$1,504$863
24 years$4,072$3,141$2,395$1,807$1,352$753
25 years$3,867$2,948$2,218$1,650$1,216$657
26 years$3,679$2,770$2,057$1,509$1,096$574
27 years$3,505$2,607$1,910$1,381$988$502
28 years$3,343$2,457$1,776$1,265$891$439
29 years$3,193$2,318$1,652$1,160$805$384
30 years$3,053$2,189$1,539$1,065$727$336
31 years$2,923$2,069$1,435$978$657$295
32 years$2,801$1,958$1,339$899$595$258
33 years$2,686$1,854$1,250$827$538$226
34 years$2,579$1,757$1,168$761$487$198
35 years$2,478$1,667$1,092$700$441$174
36 years$2,382$1,582$1,022$645$400$152
37 years$2,292$1,503$956$594$362$134
38 years$2,207$1,428$895$548$329$117
39 years$2,127$1,358$839$505$298$103
40 years$2,051$1,292$786$466$270$90
41 years$1,978$1,230$737$430$245$79
42 years$1,910$1,171$692$397$222$69
43 years$1,844$1,116$649$366$202$61
44 years$1,782$1,064$609$338$183$53
45 years$1,723$1,014$572$312$166$47
46 years$1,666$968$537$288$151$41
47 years$1,613$923$505$266$137$36
48 years$1,561$882$474$246$125$32
49 years$1,512$842$446$227$113$28
50 years$1,465$804$419$210$103$24

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 $3,413 every year, while hoping to spend $48,014 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: 43/50/7 Blend
44$1,500,000$1,500,000$1,500,000$1,500,000
45$1,656,521$1,577,021$1,553,771$1,724,265
46$1,774,399$1,603,208$1,554,735$1,797,789
47$1,902,692$1,629,069$1,554,123$1,872,215
48$2,042,411$1,654,538$1,551,831$1,951,733
49$2,194,669$1,679,543$1,547,749$2,036,822
50$2,360,691$1,704,006$1,541,765$2,128,017
51$2,541,826$1,727,847$1,533,758$2,225,903
52$2,739,557$1,750,976$1,523,604$2,331,130
53$2,955,519$1,773,301$1,511,171$2,444,412
54$3,191,509$1,794,720$1,496,323$2,566,540
55$3,449,508$1,815,126$1,478,915$2,698,385
56$3,731,695$1,834,405$1,458,796$2,840,909
57$4,040,471$1,852,434$1,435,809$2,995,174
58$4,378,479$1,869,083$1,409,788$3,162,352
59$4,748,629$1,884,213$1,380,561$3,343,737
60$5,154,126$1,897,676$1,347,946$3,540,758
61$5,598,499$1,909,314$1,311,755$3,754,991
62$6,085,636$1,918,961$1,271,789$3,988,175
63$6,619,817$1,926,437$1,227,840$4,242,230
64$7,205,759$1,931,552$1,179,693$4,519,278
65$7,848,654$1,934,106$1,127,121$4,821,655
66$8,554,224$1,933,885$1,069,887$5,151,945
67$9,328,770$1,930,660$1,007,743$5,512,995
68$10,179,233$1,924,191$940,430$5,907,951
69$11,113,259$1,914,220$867,679$6,340,281
70$12,139,272$1,900,478$789,207$6,813,815
71$13,266,551$1,882,674$704,719$7,332,777
72$14,505,318$1,860,504$613,906$7,901,828
73$15,866,835$1,833,643$516,446$8,526,112
74$17,363,509$1,801,749$412,004$9,211,304
75$19,009,009$1,764,456$300,228$9,963,665
76$20,818,394$1,721,381$180,751$10,790,103
77$22,808,256$1,672,114$53,192$11,698,239
78$24,996,875$1,616,225$0$12,696,480
79$27,404,392$1,553,255$0$13,800,294
80$30,052,997$1,482,722$0$15,018,360
81$32,967,141$1,404,114$0$16,358,019
82$36,173,763$1,316,889$0$17,831,751
83$39,702,545$1,220,475$0$19,453,323
84$43,586,193$1,114,267$0$21,237,914
85$47,860,745$997,625$0$23,202,266
86$52,565,906$869,875$0$25,364,840
87$57,745,430$730,300$0$27,745,993
88$63,447,526$578,147$0$30,368,174
89$69,725,316$412,618$0$33,256,138
90$76,637,334$232,872$0$36,437,180
91$84,248,079$38,020$0$39,941,398
92$92,628,622$0$0$43,801,975
93$101,857,279$0$0$48,150,622
94$112,020,346$0$0$52,962,856
95$123,212,915$0$0$58,262,815
96$135,539,770$0$0$64,100,149
97$149,116,378$0$0$70,529,568
98$164,069,973$0$0$77,611,361
99$180,540,763$0$0$85,411,962
100$198,683,246$0$0$94,004,578