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%15.4%
1 years$123,869$122,765$121,689$120,638$119,612$116,958
2 years$61,321$60,179$59,072$57,999$56,958$54,298
3 years$40,475$39,328$38,224$37,161$36,137$33,554
4 years$30,053$28,910$27,817$26,772$25,773$23,287
5 years$23,802$22,666$21,587$20,564$19,592$17,210
6 years$19,636$18,508$17,446$16,445$15,503$13,227
7 years$16,662$15,543$14,497$13,520$12,608$10,439
8 years$14,432$13,323$12,295$11,342$10,459$8,396
9 years$12,698$11,600$10,590$9,661$8,808$6,850
10 years$11,312$10,225$9,232$8,328$7,505$5,649
11 years$10,179$9,103$8,128$7,247$6,455$4,698
12 years$9,236$8,170$7,213$6,357$5,593$3,934
13 years$8,438$7,384$6,445$5,612$4,878$3,313
14 years$7,754$6,711$5,791$4,982$4,276$2,802
15 years$7,163$6,131$5,228$4,443$3,765$2,379
16 years$6,646$5,625$4,740$3,978$3,327$2,026
17 years$6,190$5,181$4,313$3,574$2,950$1,729
18 years$5,785$4,787$3,937$3,221$2,623$1,480
19 years$5,423$4,437$3,605$2,911$2,338$1,268
20 years$5,098$4,123$3,308$2,636$2,088$1,089
21 years$4,804$3,840$3,043$2,393$1,869$936
22 years$4,537$3,585$2,804$2,175$1,675$805
23 years$4,294$3,353$2,589$1,981$1,504$694
24 years$4,072$3,141$2,395$1,807$1,352$598
25 years$3,867$2,948$2,218$1,650$1,216$516
26 years$3,679$2,770$2,057$1,509$1,096$445
27 years$3,505$2,607$1,910$1,381$988$385
28 years$3,343$2,457$1,776$1,265$891$332
29 years$3,193$2,318$1,652$1,160$805$287
30 years$3,053$2,189$1,539$1,065$727$249
31 years$2,923$2,069$1,435$978$657$215
32 years$2,801$1,958$1,339$899$595$186
33 years$2,686$1,854$1,250$827$538$161
34 years$2,579$1,757$1,168$761$487$139
35 years$2,478$1,667$1,092$700$441$121
36 years$2,382$1,582$1,022$645$400$104
37 years$2,292$1,503$956$594$362$90
38 years$2,207$1,428$895$548$329$78
39 years$2,127$1,358$839$505$298$68
40 years$2,051$1,292$786$466$270$59
41 years$1,978$1,230$737$430$245$51
42 years$1,910$1,171$692$397$222$44
43 years$1,844$1,116$649$366$202$38
44 years$1,782$1,064$609$338$183$33
45 years$1,723$1,014$572$312$166$29
46 years$1,666$968$537$288$151$25
47 years$1,613$923$505$266$137$21
48 years$1,561$882$474$246$125$19
49 years$1,512$842$446$227$113$16
50 years$1,465$804$419$210$103$14

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 $2,544 every year, while hoping to spend $27,015 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: 60/24/16 Blend
44$1,500,000$1,500,000$1,500,000$1,500,000
45$1,655,624$1,576,124$1,552,874$1,748,081
46$1,795,754$1,624,610$1,576,152$1,859,248
47$1,949,272$1,674,567$1,599,304$1,977,231
48$2,117,514$1,726,038$1,622,297$2,105,306
49$2,301,954$1,779,067$1,645,098$2,244,454
50$2,504,213$1,833,701$1,667,668$2,395,753
51$2,726,078$1,889,987$1,689,970$2,560,388
52$2,969,515$1,947,974$1,711,961$2,739,667
53$3,236,693$2,007,712$1,733,599$2,935,028
54$3,529,997$2,069,252$1,754,836$3,148,054
55$3,852,059$2,132,646$1,775,625$3,380,490
56$4,205,773$2,197,951$1,795,913$3,634,255
57$4,594,332$2,265,220$1,815,646$3,911,466
58$5,021,250$2,334,512$1,834,766$4,214,451
59$5,490,400$2,405,886$1,853,213$4,545,775
60$6,006,049$2,479,402$1,870,924$4,908,265
61$6,572,896$2,555,123$1,887,830$5,305,033
62$7,196,119$2,633,112$1,903,860$5,739,506
63$7,881,424$2,713,435$1,918,940$6,215,462
64$8,635,097$2,796,161$1,932,992$6,737,061
65$9,464,061$2,881,357$1,945,932$7,308,885
66$10,375,948$2,969,096$1,957,673$7,935,983
67$11,379,163$3,059,450$1,968,124$8,623,917
68$12,482,970$3,152,496$1,977,188$9,378,814
69$13,697,574$3,248,309$1,984,765$10,207,425
70$15,034,219$3,346,969$1,990,747$11,117,188
71$16,505,297$3,448,558$1,995,024$12,116,296
72$18,124,458$3,553,158$1,997,479$13,213,780
73$19,906,746$3,660,856$1,997,987$14,419,586
74$21,868,735$3,771,739$1,996,421$15,744,674
75$24,028,690$3,885,898$1,992,645$17,201,121
76$26,406,734$4,003,425$1,986,517$18,802,234
77$29,025,044$4,124,415$1,977,887$20,562,673
78$31,908,052$4,248,966$1,966,601$22,498,594
79$35,082,685$4,377,176$1,952,493$24,627,798
80$38,578,610$4,509,150$1,935,393$26,969,900
81$42,428,521$4,644,991$1,915,122$29,546,511
82$46,668,443$4,784,807$1,891,490$32,381,450
83$51,338,070$4,928,709$1,864,302$35,500,957
84$56,481,147$5,076,810$1,833,350$38,933,951
85$62,145,876$5,229,226$1,798,419$42,712,296
86$68,385,373$5,386,075$1,759,283$46,871,105
87$75,258,167$5,547,479$1,715,705$51,449,071
88$82,828,757$5,713,562$1,667,438$56,488,830
89$91,168,216$5,884,453$1,614,224$62,037,365
90$100,354,865$6,060,282$1,555,791$68,146,451
91$110,475,007$6,241,182$1,491,856$74,873,138
92$121,623,749$6,427,290$1,422,124$82,280,295
93$133,905,891$6,618,747$1,346,285$90,437,204
94$147,436,922$6,815,696$1,264,015$99,420,206
95$162,344,106$7,018,283$1,174,978$109,313,430
96$178,767,684$7,226,659$1,078,819$120,209,584
97$196,862,199$7,440,975$975,170$132,210,828
98$216,797,950$7,661,391$863,646$145,429,742
99$238,762,606$7,888,064$743,843$159,990,385
100$262,962,972$8,121,159$615,342$176,029,469