Can I retire at age 45 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$127,172$126,039$124,934$123,855$122,802$119,301
2 years$62,956$61,784$60,647$59,546$58,477$54,978
3 years$41,554$40,376$39,243$38,152$37,100$33,711
4 years$30,855$29,681$28,559$27,486$26,460$23,208
5 years$24,437$23,270$22,163$21,112$20,115$17,008
6 years$20,160$19,002$17,911$16,883$15,916$12,958
7 years$17,106$15,958$14,884$13,881$12,944$10,134
8 years$14,817$13,679$12,623$11,644$10,738$8,075
9 years$13,037$11,910$10,872$9,918$9,043$6,525
10 years$11,614$10,498$9,478$8,550$7,705$5,328
11 years$10,451$9,346$8,345$7,441$6,627$4,386
12 years$9,482$8,388$7,406$6,527$5,743$3,635
13 years$8,663$7,580$6,617$5,762$5,008$3,028
14 years$7,961$6,890$5,945$5,115$4,390$2,533
15 years$7,354$6,295$5,368$4,562$3,865$2,126
16 years$6,823$5,775$4,866$4,084$3,416$1,790
17 years$6,355$5,319$4,428$3,670$3,029$1,511
18 years$5,939$4,915$4,042$3,307$2,693$1,277
19 years$5,568$4,555$3,701$2,988$2,400$1,082
20 years$5,234$4,233$3,396$2,707$2,144$917
21 years$4,932$3,943$3,124$2,456$1,919$779
22 years$4,658$3,680$2,879$2,233$1,720$662
23 years$4,409$3,442$2,658$2,034$1,544$563
24 years$4,180$3,225$2,459$1,855$1,388$479
25 years$3,970$3,026$2,277$1,694$1,249$408
26 years$3,777$2,844$2,112$1,549$1,125$348
27 years$3,598$2,677$1,961$1,418$1,014$297
28 years$3,432$2,522$1,823$1,299$915$253
29 years$3,278$2,380$1,697$1,191$826$216
30 years$3,135$2,247$1,580$1,093$747$184
31 years$3,001$2,124$1,473$1,004$675$157
32 years$2,875$2,010$1,375$923$611$134
33 years$2,758$1,904$1,283$849$553$115
34 years$2,648$1,804$1,199$781$500$98
35 years$2,544$1,711$1,121$719$453$84
36 years$2,446$1,624$1,049$662$411$71
37 years$2,354$1,543$982$610$372$61
38 years$2,266$1,466$919$562$337$52
39 years$2,184$1,394$861$518$306$45
40 years$2,105$1,326$807$478$277$38
41 years$2,031$1,263$757$441$252$33
42 years$1,961$1,202$710$407$228$28
43 years$1,894$1,146$666$376$207$24
44 years$1,830$1,092$625$347$188$20
45 years$1,769$1,041$587$320$171$17
46 years$1,711$993$552$296$155$15
47 years$1,656$948$518$273$141$13
48 years$1,603$905$487$253$128$11
49 years$1,552$864$458$234$116$9
50 years$1,504$826$430$216$106$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,540,000, adding $3,168 every year, while hoping to spend $43,760 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: 49/30/21 Blend
44$1,540,000$1,540,000$1,540,000$1,540,000
45$1,700,348$1,618,728$1,594,858$1,773,473
46$1,827,223$1,651,485$1,601,725$1,857,356
47$1,965,573$1,684,381$1,607,356$1,943,741
48$2,116,521$1,717,376$1,611,663$2,036,677
49$2,281,306$1,750,427$1,614,553$2,136,798
50$2,461,290$1,783,488$1,615,931$2,244,804
51$2,657,971$1,816,508$1,615,694$2,361,468
52$2,873,001$1,849,434$1,613,737$2,487,639
53$3,108,197$1,882,207$1,609,947$2,624,259
54$3,365,561$1,914,763$1,604,209$2,772,361
55$3,647,297$1,947,035$1,596,398$2,933,088
56$3,955,831$1,978,950$1,586,387$3,107,700
57$4,293,836$2,010,428$1,574,041$3,297,586
58$4,664,253$2,041,385$1,559,218$3,504,277
59$5,070,326$2,071,732$1,541,770$3,729,464
60$5,515,623$2,101,371$1,521,543$3,975,010
61$6,004,076$2,130,198$1,498,375$4,242,971
62$6,540,017$2,158,102$1,472,095$4,535,613
63$7,128,214$2,184,964$1,442,525$4,855,437
64$7,773,922$2,210,658$1,409,480$5,205,198
65$8,482,929$2,235,047$1,372,765$5,587,939
66$9,261,611$2,257,988$1,332,176$6,007,011
67$10,116,992$2,279,325$1,287,500$6,466,114
68$11,056,808$2,298,896$1,238,515$6,969,325
69$12,089,584$2,316,523$1,184,987$7,521,141
70$13,224,710$2,332,021$1,126,672$8,126,522
71$14,472,532$2,345,191$1,063,317$8,790,937
72$15,844,446$2,355,822$994,654$9,520,415
73$17,353,011$2,363,689$920,407$10,321,607
74$19,012,062$2,368,553$840,283$11,201,845
75$20,836,840$2,370,160$753,981$12,169,214
76$22,844,140$2,368,240$661,182$13,232,630
77$25,052,467$2,362,508$561,555$14,401,923
78$27,482,206$2,352,659$454,756$15,687,930
79$30,155,823$2,338,370$340,421$17,102,601
80$33,098,066$2,319,300$218,175$18,659,114
81$36,336,209$2,295,086$87,624$20,371,993
82$39,900,299$2,265,342$0$22,257,256
83$43,823,448$2,229,662$0$24,344,144
84$48,142,137$2,187,612$0$26,662,245
85$52,896,566$2,138,737$0$29,213,468
86$58,131,031$2,082,550$0$32,021,578
87$63,894,340$2,018,539$0$35,112,769
88$70,240,276$1,946,161$0$38,515,910
89$77,228,102$1,864,840$0$42,262,820
90$84,923,121$1,773,970$0$46,388,571
91$93,397,290$1,672,906$0$50,931,814
92$102,729,904$1,560,968$0$55,935,151
93$113,008,336$1,437,437$0$61,445,536
94$124,328,867$1,301,553$0$67,514,718
95$136,797,594$1,152,511$0$74,199,733
96$150,531,427$989,463$0$81,563,443
97$165,659,195$811,510$0$89,675,129
98$182,322,864$617,704$0$98,611,149
99$200,678,869$407,045$0$108,455,661
100$220,899,598$178,474$0$119,301,416