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%15.9%
1 years$125,520$124,402$123,311$122,247$121,207$118,277
2 years$62,139$60,981$59,860$58,772$57,718$54,783
3 years$41,014$39,852$38,733$37,656$36,618$33,771
4 years$30,454$29,295$28,188$27,129$26,117$23,379
5 years$24,120$22,968$21,875$20,838$19,853$17,233
6 years$19,898$18,755$17,678$16,664$15,709$13,208
7 years$16,884$15,751$14,691$13,700$12,776$10,395
8 years$14,624$13,501$12,459$11,493$10,599$8,336
9 years$12,868$11,755$10,731$9,789$8,926$6,780
10 years$11,463$10,362$9,355$8,439$7,605$5,575
11 years$10,315$9,224$8,236$7,344$6,541$4,622
12 years$9,359$8,279$7,310$6,442$5,668$3,858
13 years$8,550$7,482$6,531$5,687$4,943$3,237
14 years$7,858$6,801$5,868$5,048$4,333$2,729
15 years$7,258$6,213$5,298$4,502$3,815$2,308
16 years$6,734$5,700$4,803$4,031$3,372$1,959
17 years$6,272$5,250$4,371$3,622$2,989$1,666
18 years$5,862$4,851$3,990$3,264$2,658$1,420
19 years$5,495$4,496$3,653$2,950$2,369$1,213
20 years$5,166$4,178$3,352$2,671$2,116$1,037
21 years$4,868$3,891$3,083$2,424$1,894$888
22 years$4,598$3,632$2,842$2,204$1,698$762
23 years$4,352$3,397$2,624$2,008$1,524$653
24 years$4,126$3,183$2,427$1,831$1,370$561
25 years$3,919$2,987$2,248$1,672$1,232$482
26 years$3,728$2,807$2,084$1,529$1,110$415
27 years$3,551$2,642$1,936$1,399$1,001$357
28 years$3,388$2,490$1,799$1,282$903$307
29 years$3,236$2,349$1,675$1,176$815$264
30 years$3,094$2,218$1,560$1,079$737$228
31 years$2,962$2,097$1,454$991$666$196
32 years$2,838$1,984$1,357$911$603$169
33 years$2,722$1,879$1,267$838$545$146
34 years$2,613$1,781$1,184$771$494$125
35 years$2,511$1,689$1,107$709$447$108
36 years$2,414$1,603$1,035$653$405$93
37 years$2,323$1,523$969$602$367$80
38 years$2,237$1,447$907$555$333$69
39 years$2,155$1,376$850$512$302$60
40 years$2,078$1,309$797$472$274$52
41 years$2,005$1,246$747$435$248$44
42 years$1,935$1,187$701$402$225$38
43 years$1,869$1,131$658$371$205$33
44 years$1,806$1,078$617$342$186$29
45 years$1,746$1,028$580$316$169$25
46 years$1,689$981$544$292$153$21
47 years$1,634$936$511$270$139$18
48 years$1,582$893$481$249$126$16
49 years$1,532$853$452$231$115$14
50 years$1,484$815$425$213$104$12

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 $2,105 every year, while hoping to spend $38,215 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: 76/7/17 Blend
44$1,520,000$1,520,000$1,520,000$1,520,000
45$1,677,211$1,596,651$1,573,091$1,798,136
46$1,807,626$1,634,227$1,585,129$1,915,947
47$1,950,063$1,672,363$1,596,290$2,040,113
48$2,105,707$1,711,046$1,606,503$2,175,217
49$2,275,864$1,750,262$1,615,696$2,322,340
50$2,461,971$1,789,994$1,623,791$2,482,670
51$2,665,611$1,830,223$1,630,707$2,657,517
52$2,888,527$1,870,927$1,636,359$2,848,325
53$3,132,638$1,912,083$1,640,658$3,056,684
54$3,400,056$1,953,665$1,643,509$3,284,344
55$3,693,110$1,995,642$1,644,815$3,533,237
56$4,014,362$2,037,984$1,644,471$3,805,487
57$4,366,635$2,080,653$1,642,369$4,103,438
58$4,753,038$2,123,612$1,638,395$4,429,671
59$5,176,997$2,166,817$1,632,429$4,787,030
60$5,642,282$2,210,222$1,624,347$5,178,649
61$6,153,049$2,253,778$1,614,017$5,607,981
62$6,713,875$2,297,428$1,601,302$6,078,832
63$7,329,801$2,341,113$1,586,056$6,595,394
64$8,006,382$2,384,768$1,568,130$7,162,288
65$8,749,735$2,428,325$1,547,365$7,784,605
66$9,566,602$2,471,706$1,523,596$8,467,957
67$10,464,408$2,514,832$1,496,649$9,218,526
68$11,451,333$2,557,615$1,466,342$10,043,125
69$12,536,391$2,599,960$1,432,486$10,949,264
70$13,729,511$2,641,765$1,394,883$11,945,215
71$15,041,632$2,682,924$1,353,323$13,040,097
72$16,484,810$2,723,318$1,307,590$14,243,959
73$18,072,322$2,762,822$1,257,456$15,567,873
74$19,818,802$2,801,303$1,202,684$17,024,044
75$21,740,370$2,838,618$1,143,024$18,625,918
76$23,854,790$2,874,612$1,078,218$20,388,317
77$26,181,634$2,909,123$1,007,993$22,327,572
78$28,742,465$2,941,975$932,065$24,461,682
79$31,561,046$2,972,981$850,139$26,810,482
80$34,663,557$3,001,942$761,903$29,395,831
81$38,078,849$3,028,646$667,036$32,241,817
82$41,838,708$3,052,866$565,198$35,374,989
83$45,978,160$3,074,361$456,036$38,824,601
84$50,535,802$3,092,874$339,183$42,622,896
85$55,554,161$3,108,132$214,253$46,805,404
86$61,080,100$3,119,844$80,845$51,411,281
87$67,165,256$3,127,703$0$56,483,679
88$73,866,530$3,131,378$0$62,081,313
89$81,246,622$3,130,521$0$68,261,805
90$89,374,623$3,124,762$0$75,068,313
91$98,326,667$3,113,708$0$82,564,570
92$108,186,648$3,096,941$0$90,820,810
93$119,047,013$3,074,017$0$99,914,424
94$131,009,632$3,044,469$0$109,930,698
95$144,186,764$3,007,797$0$120,963,611
96$158,702,109$2,963,474$0$133,116,727
97$174,691,980$2,910,940$0$146,504,168
98$192,306,589$2,849,603$0$161,251,697
99$211,711,463$2,778,836$0$177,497,898
100$233,089,007$2,697,973$0$195,395,491