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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.5%
1 years$125,520$124,402$123,311$122,247$121,207$119,445
2 years$62,139$60,981$59,860$58,772$57,718$55,946
3 years$41,014$39,852$38,733$37,656$36,618$34,893
4 years$30,454$29,295$28,188$27,129$26,117$24,450
5 years$24,120$22,968$21,875$20,838$19,853$18,250
6 years$19,898$18,755$17,678$16,664$15,709$14,172
7 years$16,884$15,751$14,691$13,700$12,776$11,304
8 years$14,624$13,501$12,459$11,493$10,599$9,193
9 years$12,868$11,755$10,731$9,789$8,926$7,585
10 years$11,463$10,362$9,355$8,439$7,605$6,329
11 years$10,315$9,224$8,236$7,344$6,541$5,328
12 years$9,359$8,279$7,310$6,442$5,668$4,516
13 years$8,550$7,482$6,531$5,687$4,943$3,851
14 years$7,858$6,801$5,868$5,048$4,333$3,299
15 years$7,258$6,213$5,298$4,502$3,815$2,838
16 years$6,734$5,700$4,803$4,031$3,372$2,449
17 years$6,272$5,250$4,371$3,622$2,989$2,119
18 years$5,862$4,851$3,990$3,264$2,658$1,839
19 years$5,495$4,496$3,653$2,950$2,369$1,598
20 years$5,166$4,178$3,352$2,671$2,116$1,392
21 years$4,868$3,891$3,083$2,424$1,894$1,214
22 years$4,598$3,632$2,842$2,204$1,698$1,060
23 years$4,352$3,397$2,624$2,008$1,524$927
24 years$4,126$3,183$2,427$1,831$1,370$811
25 years$3,919$2,987$2,248$1,672$1,232$710
26 years$3,728$2,807$2,084$1,529$1,110$622
27 years$3,551$2,642$1,936$1,399$1,001$546
28 years$3,388$2,490$1,799$1,282$903$479
29 years$3,236$2,349$1,675$1,176$815$421
30 years$3,094$2,218$1,560$1,079$737$369
31 years$2,962$2,097$1,454$991$666$325
32 years$2,838$1,984$1,357$911$603$285
33 years$2,722$1,879$1,267$838$545$251
34 years$2,613$1,781$1,184$771$494$221
35 years$2,511$1,689$1,107$709$447$194
36 years$2,414$1,603$1,035$653$405$171
37 years$2,323$1,523$969$602$367$150
38 years$2,237$1,447$907$555$333$132
39 years$2,155$1,376$850$512$302$116
40 years$2,078$1,309$797$472$274$102
41 years$2,005$1,246$747$435$248$90
42 years$1,935$1,187$701$402$225$79
43 years$1,869$1,131$658$371$205$70
44 years$1,806$1,078$617$342$186$62
45 years$1,746$1,028$580$316$169$54
46 years$1,689$981$544$292$153$48
47 years$1,634$936$511$270$139$42
48 years$1,582$893$481$249$126$37
49 years$1,532$853$452$231$115$33
50 years$1,484$815$425$213$104$29

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 $2,158 every year, while hoping to spend $23,786 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: 68/8/24 Blend
44$1,520,000$1,520,000$1,520,000$1,520,000
45$1,677,266$1,596,706$1,573,146$1,780,894
46$1,823,039$1,649,636$1,600,538$1,903,606
47$1,982,884$1,704,363$1,628,051$2,034,868
48$2,158,210$1,760,949$1,655,663$2,177,916
49$2,350,572$1,819,460$1,683,352$2,333,911
50$2,561,679$1,879,963$1,711,093$2,504,136
51$2,793,417$1,942,528$1,738,862$2,690,003
52$3,047,861$2,007,227$1,766,629$2,893,066
53$3,327,299$2,074,137$1,794,367$3,115,038
54$3,634,248$2,143,335$1,822,043$3,357,806
55$3,971,485$2,214,901$1,849,625$3,623,448
56$4,342,066$2,288,921$1,877,077$3,914,253
57$4,749,359$2,365,481$1,904,361$4,232,743
58$5,197,075$2,444,670$1,931,438$4,581,697
59$5,689,301$2,526,583$1,958,266$4,964,173
60$6,230,541$2,611,317$1,984,799$5,383,546
61$6,825,756$2,698,972$2,010,990$5,843,530
62$7,480,415$2,789,653$2,036,790$6,348,217
63$8,200,539$2,883,468$2,062,144$6,902,117
64$8,992,765$2,980,529$2,086,997$7,510,200
65$9,864,405$3,080,953$2,111,289$8,177,938
66$10,823,515$3,184,860$2,134,958$8,911,364
67$11,878,972$3,292,377$2,157,938$9,717,125
68$13,040,556$3,403,633$2,180,158$10,602,542
69$14,319,045$3,518,763$2,201,546$11,575,686
70$15,726,313$3,637,908$2,222,023$12,645,446
71$17,275,444$3,761,212$2,241,507$13,821,620
72$18,980,855$3,888,828$2,259,914$15,115,003
73$20,858,433$4,020,911$2,277,152$16,537,490
74$22,925,682$4,157,624$2,293,125$18,102,188
75$25,201,890$4,299,136$2,307,734$19,823,541
76$27,708,313$4,445,623$2,320,872$21,717,465
77$30,468,368$4,597,267$2,332,429$23,801,498
78$33,507,865$4,754,256$2,342,288$26,094,964
79$36,855,239$4,916,787$2,350,327$28,619,161
80$40,541,827$5,085,063$2,356,417$31,397,555
81$44,602,159$5,259,296$2,360,422$34,456,007
82$49,074,284$5,439,706$2,362,201$37,823,011
83$54,000,131$5,626,522$2,361,605$41,529,972
84$59,425,903$5,819,980$2,358,477$45,611,492
85$65,402,513$6,020,327$2,352,654$50,105,704
86$71,986,065$6,227,819$2,343,964$55,054,629
87$79,238,383$6,442,722$2,332,226$60,504,573
88$87,227,594$6,665,311$2,317,252$66,506,565
89$96,028,772$6,895,875$2,298,843$73,116,837
90$105,724,645$7,134,711$2,276,792$80,397,356
91$116,406,376$7,382,129$2,250,883$88,416,409
92$128,174,426$7,638,453$2,220,886$97,249,247
93$141,139,496$7,904,016$2,186,565$106,978,795
94$155,423,579$8,179,167$2,147,669$117,696,436
95$171,161,106$8,464,268$2,103,938$129,502,875
96$188,500,216$8,759,694$2,055,097$142,509,085
97$207,604,157$9,065,839$2,000,862$156,837,359
98$228,652,824$9,383,107$1,940,933$172,622,463
99$251,844,454$9,711,922$1,874,997$190,012,909
100$277,397,506$10,052,724$1,802,727$209,172,353