Can I retire at age 45 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$124,694$123,584$122,500$121,442$120,410$118,905
2 years$61,730$60,580$59,466$58,386$57,338$55,824
3 years$40,744$39,590$38,478$37,408$36,377$34,901
4 years$30,254$29,103$28,002$26,951$25,945$24,517
5 years$23,961$22,817$21,731$20,701$19,723$18,349
6 years$19,767$18,632$17,562$16,554$15,606$14,287
7 years$16,773$15,647$14,594$13,610$12,692$11,428
8 years$14,528$13,412$12,377$11,417$10,529$9,321
9 years$12,783$11,678$10,660$9,725$8,867$7,713
10 years$11,388$10,293$9,294$8,383$7,555$6,455
11 years$10,247$9,164$8,182$7,296$6,498$5,451
12 years$9,297$8,225$7,261$6,399$5,631$4,636
13 years$8,494$7,433$6,488$5,650$4,910$3,966
14 years$7,806$6,756$5,829$5,015$4,304$3,409
15 years$7,211$6,172$5,263$4,473$3,790$2,942
16 years$6,690$5,663$4,772$4,005$3,349$2,548
17 years$6,231$5,215$4,342$3,598$2,970$2,213
18 years$5,823$4,819$3,964$3,243$2,641$1,926
19 years$5,459$4,466$3,629$2,930$2,354$1,681
20 years$5,132$4,150$3,330$2,654$2,102$1,469
21 years$4,836$3,866$3,063$2,408$1,881$1,286
22 years$4,568$3,608$2,823$2,190$1,686$1,127
23 years$4,323$3,375$2,607$1,994$1,514$989
24 years$4,099$3,162$2,411$1,819$1,361$869
25 years$3,893$2,967$2,233$1,661$1,224$764
26 years$3,703$2,789$2,071$1,519$1,103$672
27 years$3,528$2,625$1,923$1,390$994$592
28 years$3,365$2,473$1,788$1,274$897$522
29 years$3,214$2,333$1,664$1,168$810$460
30 years$3,074$2,204$1,549$1,072$732$406
31 years$2,942$2,083$1,445$985$662$358
32 years$2,819$1,971$1,348$905$599$316
33 years$2,704$1,867$1,258$832$542$279
34 years$2,596$1,769$1,176$766$491$246
35 years$2,494$1,678$1,099$705$444$218
36 years$2,398$1,593$1,028$649$403$192
37 years$2,308$1,513$963$598$365$170
38 years$2,222$1,438$901$551$331$150
39 years$2,141$1,367$844$508$300$133
40 years$2,064$1,301$792$469$272$117
41 years$1,992$1,238$742$433$247$104
42 years$1,922$1,179$696$399$224$92
43 years$1,857$1,123$653$368$203$81
44 years$1,794$1,071$613$340$184$72
45 years$1,734$1,021$576$314$167$63
46 years$1,678$974$541$290$152$56
47 years$1,623$930$508$268$138$50
48 years$1,571$887$477$248$125$44
49 years$1,522$847$449$229$114$39
50 years$1,474$809$422$212$103$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,510,000, adding $4,994 every year, while hoping to spend $56,912 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: 62/22/16 Blend
44$1,510,000$1,510,000$1,510,000$1,510,000
45$1,669,171$1,589,141$1,565,736$1,765,688
46$1,778,873$1,606,455$1,557,635$1,848,512
47$1,897,857$1,622,710$1,547,354$1,932,009
48$2,027,009$1,637,794$1,534,761$2,021,806
49$2,167,305$1,651,588$1,519,717$2,118,519
50$2,319,819$1,663,964$1,502,076$2,222,827
51$2,485,729$1,674,787$1,481,684$2,335,481
52$2,666,335$1,683,912$1,458,382$2,457,308
53$2,863,065$1,691,188$1,432,002$2,589,221
54$3,077,491$1,696,450$1,402,368$2,732,228
55$3,311,344$1,699,525$1,369,296$2,887,441
56$3,566,529$1,700,230$1,332,595$3,056,087
57$3,845,142$1,698,368$1,292,064$3,239,521
58$4,149,490$1,693,731$1,247,492$3,439,236
59$4,482,114$1,686,100$1,198,659$3,656,882
60$4,845,811$1,675,241$1,145,336$3,894,277
61$5,243,661$1,660,904$1,087,281$4,153,429
62$5,679,054$1,642,828$1,024,245$4,436,553
63$6,155,724$1,620,734$955,964$4,746,092
64$6,677,783$1,594,325$882,163$5,084,742
65$7,249,758$1,563,288$802,557$5,455,476
66$7,876,637$1,527,292$716,846$5,861,577
67$8,563,910$1,485,985$624,716$6,306,664
68$9,317,626$1,438,996$525,842$6,794,730
69$10,144,448$1,385,931$419,882$7,330,179
70$11,051,713$1,326,373$306,479$7,917,870
71$12,047,504$1,259,881$185,262$8,563,164
72$13,140,723$1,185,989$55,842$9,271,970
73$14,341,179$1,104,205$0$10,050,810
74$15,659,674$1,014,006$0$10,920,921
75$17,108,111$914,842$0$11,887,275
76$18,699,599$806,130$0$12,949,151
77$20,448,582$687,255$0$14,116,277
78$22,370,973$557,566$0$15,399,372
79$24,484,302$416,376$0$16,810,257
80$26,807,882$262,960$0$18,361,958
81$29,362,992$96,551$0$20,068,837
82$32,173,076$0$0$21,946,724
83$35,263,962$0$0$24,033,322
84$38,664,110$0$0$26,354,535
85$42,404,874$0$0$28,908,412
86$46,520,802$0$0$31,718,553
87$51,049,961$0$0$34,810,966
88$56,034,290$0$0$38,214,305
89$61,520,004$0$0$41,960,141
90$67,558,022$0$0$46,083,264
91$74,204,452$0$0$50,622,006
92$81,521,117$0$0$55,618,604
93$89,576,137$0$0$61,119,600
94$98,444,576$0$0$67,176,276
95$108,209,142$0$0$73,845,142
96$118,960,976$0$0$81,188,463
97$130,800,504$0$0$89,274,853
98$143,838,387$0$0$98,179,918
99$158,196,566$0$0$107,986,969
100$174,009,409$0$0$118,787,809