Can I retire at age 45 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$125,520$124,402$123,311$122,247$121,207$118,614
2 years$62,139$60,981$59,860$58,772$57,718$55,118
3 years$41,014$39,852$38,733$37,656$36,618$34,093
4 years$30,454$29,295$28,188$27,129$26,117$23,685
5 years$24,120$22,968$21,875$20,838$19,853$17,523
6 years$19,898$18,755$17,678$16,664$15,709$13,482
7 years$16,884$15,751$14,691$13,700$12,776$10,652
8 years$14,624$13,501$12,459$11,493$10,599$8,578
9 years$12,868$11,755$10,731$9,789$8,926$7,006
10 years$11,463$10,362$9,355$8,439$7,605$5,785
11 years$10,315$9,224$8,236$7,344$6,541$4,818
12 years$9,359$8,279$7,310$6,442$5,668$4,040
13 years$8,550$7,482$6,531$5,687$4,943$3,406
14 years$7,858$6,801$5,868$5,048$4,333$2,885
15 years$7,258$6,213$5,298$4,502$3,815$2,452
16 years$6,734$5,700$4,803$4,031$3,372$2,091
17 years$6,272$5,250$4,371$3,622$2,989$1,788
18 years$5,862$4,851$3,990$3,264$2,658$1,532
19 years$5,495$4,496$3,653$2,950$2,369$1,315
20 years$5,166$4,178$3,352$2,671$2,116$1,131
21 years$4,868$3,891$3,083$2,424$1,894$973
22 years$4,598$3,632$2,842$2,204$1,698$839
23 years$4,352$3,397$2,624$2,008$1,524$724
24 years$4,126$3,183$2,427$1,831$1,370$625
25 years$3,919$2,987$2,248$1,672$1,232$540
26 years$3,728$2,807$2,084$1,529$1,110$467
27 years$3,551$2,642$1,936$1,399$1,001$404
28 years$3,388$2,490$1,799$1,282$903$350
29 years$3,236$2,349$1,675$1,176$815$303
30 years$3,094$2,218$1,560$1,079$737$262
31 years$2,962$2,097$1,454$991$666$227
32 years$2,838$1,984$1,357$911$603$197
33 years$2,722$1,879$1,267$838$545$171
34 years$2,613$1,781$1,184$771$494$148
35 years$2,511$1,689$1,107$709$447$128
36 years$2,414$1,603$1,035$653$405$111
37 years$2,323$1,523$969$602$367$97
38 years$2,237$1,447$907$555$333$84
39 years$2,155$1,376$850$512$302$73
40 years$2,078$1,309$797$472$274$63
41 years$2,005$1,246$747$435$248$55
42 years$1,935$1,187$701$402$225$47
43 years$1,869$1,131$658$371$205$41
44 years$1,806$1,078$617$342$186$36
45 years$1,746$1,028$580$316$169$31
46 years$1,689$981$544$292$153$27
47 years$1,634$936$511$270$139$23
48 years$1,582$893$481$249$126$20
49 years$1,532$853$452$231$115$18
50 years$1,484$815$425$213$104$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,520,000, adding $5,294 every year, while hoping to spend $20,153 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: 40/32/28 Blend
44$1,520,000$1,520,000$1,520,000$1,520,000
45$1,680,501$1,599,941$1,576,381$1,733,646
46$1,830,469$1,656,895$1,607,747$1,829,719
47$1,995,059$1,715,965$1,639,488$1,931,329
48$2,175,740$1,777,232$1,671,596$2,040,877
49$2,374,132$1,840,783$1,704,061$2,159,103
50$2,592,019$1,906,707$1,736,873$2,286,820
51$2,831,365$1,975,096$1,770,018$2,424,923
52$3,094,337$2,046,048$1,803,486$2,574,395
53$3,383,317$2,119,662$1,837,261$2,736,316
54$3,700,935$2,196,045$1,871,328$2,911,875
55$4,050,083$2,275,304$1,905,671$3,102,381
56$4,433,952$2,357,555$1,940,272$3,309,272
57$4,856,055$2,442,914$1,975,110$3,534,130
58$5,320,262$2,531,507$2,010,166$3,778,698
59$5,830,838$2,623,460$2,045,416$4,044,892
60$6,392,482$2,718,908$2,080,836$4,334,821
61$7,010,371$2,817,990$2,116,399$4,650,807
62$7,690,209$2,920,852$2,152,079$4,995,404
63$8,438,281$3,027,645$2,187,844$5,371,425
64$9,261,512$3,138,526$2,223,664$5,781,967
65$10,167,532$3,253,660$2,259,503$6,230,437
66$11,164,749$3,373,217$2,295,324$6,720,590
67$12,262,426$3,497,377$2,331,090$7,256,557
68$13,470,771$3,626,326$2,366,759$7,842,887
69$14,801,030$3,760,257$2,402,286$8,484,592
70$16,265,597$3,899,371$2,437,625$9,187,189
71$17,878,128$4,043,881$2,472,726$9,956,753
72$19,653,671$4,194,005$2,507,536$10,799,976
73$21,608,807$4,349,972$2,541,999$11,724,227
74$23,761,806$4,512,021$2,576,057$12,737,624
75$26,132,801$4,680,401$2,609,645$13,849,106
76$28,743,977$4,855,372$2,642,699$15,068,521
77$31,619,780$5,037,203$2,675,147$16,406,715
78$34,787,149$5,226,177$2,706,916$17,875,636
79$38,275,768$5,422,589$2,737,927$19,488,444
80$42,118,345$5,626,745$2,768,097$21,259,638
81$46,350,927$5,838,966$2,797,339$23,205,188
82$51,013,232$6,059,586$2,825,560$25,342,688
83$56,149,030$6,288,953$2,852,664$27,691,521
84$61,806,551$6,527,432$2,878,548$30,273,039
85$68,038,944$6,775,401$2,903,105$33,110,767
86$74,904,777$7,033,257$2,926,219$36,230,621
87$82,468,590$7,301,412$2,947,773$39,661,156
88$90,801,502$7,580,297$2,967,640$43,433,828
89$99,981,887$7,870,364$2,985,688$47,583,297
90$110,096,109$8,172,080$3,001,777$52,147,751
91$121,239,336$8,485,937$3,015,761$57,169,262
92$133,516,446$8,812,445$3,027,487$62,694,187
93$147,043,009$9,152,140$3,036,793$68,773,602
94$161,946,378$9,505,578$3,043,508$75,463,784
95$178,366,899$9,873,341$3,047,456$82,826,740
96$196,459,225$10,256,037$3,048,448$90,930,791
97$216,393,784$10,654,301$3,046,289$99,851,219
98$238,358,384$11,068,795$3,040,773$109,670,972
99$262,559,984$11,500,211$3,031,684$120,481,448
100$289,226,652$11,949,271$3,018,795$132,383,356