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%17.9%
1 years$127,172$126,039$124,934$123,855$122,802$118,871
2 years$62,956$61,784$60,647$59,546$58,477$54,553
3 years$41,554$40,376$39,243$38,152$37,100$33,306
4 years$30,855$29,681$28,559$27,486$26,460$22,825
5 years$24,437$23,270$22,163$21,112$20,115$16,648
6 years$20,160$19,002$17,911$16,883$15,916$12,621
7 years$17,106$15,958$14,884$13,881$12,944$9,821
8 years$14,817$13,679$12,623$11,644$10,738$7,784
9 years$13,037$11,910$10,872$9,918$9,043$6,255
10 years$11,614$10,498$9,478$8,550$7,705$5,079
11 years$10,451$9,346$8,345$7,441$6,627$4,157
12 years$9,482$8,388$7,406$6,527$5,743$3,424
13 years$8,663$7,580$6,617$5,762$5,008$2,835
14 years$7,961$6,890$5,945$5,115$4,390$2,357
15 years$7,354$6,295$5,368$4,562$3,865$1,966
16 years$6,823$5,775$4,866$4,084$3,416$1,645
17 years$6,355$5,319$4,428$3,670$3,029$1,379
18 years$5,939$4,915$4,042$3,307$2,693$1,158
19 years$5,568$4,555$3,701$2,988$2,400$974
20 years$5,234$4,233$3,396$2,707$2,144$821
21 years$4,932$3,943$3,124$2,456$1,919$692
22 years$4,658$3,680$2,879$2,233$1,720$584
23 years$4,409$3,442$2,658$2,034$1,544$493
24 years$4,180$3,225$2,459$1,855$1,388$417
25 years$3,970$3,026$2,277$1,694$1,249$353
26 years$3,777$2,844$2,112$1,549$1,125$298
27 years$3,598$2,677$1,961$1,418$1,014$252
28 years$3,432$2,522$1,823$1,299$915$214
29 years$3,278$2,380$1,697$1,191$826$181
30 years$3,135$2,247$1,580$1,093$747$153
31 years$3,001$2,124$1,473$1,004$675$130
32 years$2,875$2,010$1,375$923$611$110
33 years$2,758$1,904$1,283$849$553$93
34 years$2,648$1,804$1,199$781$500$79
35 years$2,544$1,711$1,121$719$453$67
36 years$2,446$1,624$1,049$662$411$57
37 years$2,354$1,543$982$610$372$48
38 years$2,266$1,466$919$562$337$41
39 years$2,184$1,394$861$518$306$35
40 years$2,105$1,326$807$478$277$29
41 years$2,031$1,263$757$441$252$25
42 years$1,961$1,202$710$407$228$21
43 years$1,894$1,146$666$376$207$18
44 years$1,830$1,092$625$347$188$15
45 years$1,769$1,041$587$320$171$13
46 years$1,711$993$552$296$155$11
47 years$1,656$948$518$273$141$9
48 years$1,603$905$487$253$128$8
49 years$1,552$864$458$234$116$7
50 years$1,504$826$430$216$106$6

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 $2,403 every year, while hoping to spend $21,014 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: 27/48/25 Blend
44$1,540,000$1,540,000$1,540,000$1,540,000
45$1,699,559$1,617,939$1,594,069$1,732,071
46$1,850,555$1,674,859$1,625,111$1,815,156
47$2,016,249$1,733,864$1,656,489$1,902,316
48$2,198,116$1,795,034$1,688,192$1,995,464
49$2,397,785$1,858,452$1,720,208$2,095,122
50$2,617,048$1,924,204$1,752,523$2,201,864
51$2,857,877$1,992,381$1,785,123$2,316,319
52$3,122,449$2,063,076$1,817,993$2,439,178
53$3,413,159$2,136,386$1,851,116$2,571,198
54$3,732,646$2,212,414$1,884,473$2,713,210
55$4,083,818$2,291,265$1,918,046$2,866,129
56$4,469,879$2,373,048$1,951,811$3,030,956
57$4,894,358$2,457,878$1,985,748$3,208,795
58$5,361,142$2,545,875$2,019,831$3,400,855
59$5,874,517$2,637,161$2,054,033$3,608,467
60$6,439,202$2,731,866$2,088,328$3,833,093
61$7,060,398$2,830,125$2,122,684$4,076,340
62$7,743,834$2,932,076$2,157,069$4,339,975
63$8,495,824$3,037,867$2,191,450$4,625,942
64$9,323,323$3,147,648$2,225,789$4,936,376
65$10,233,997$3,261,577$2,260,048$5,273,628
66$11,236,290$3,379,819$2,294,184$5,640,283
67$12,339,507$3,502,546$2,328,155$6,039,185
68$13,553,901$3,629,935$2,361,913$6,473,461
69$14,890,770$3,762,173$2,395,408$6,946,555
70$16,362,563$3,899,454$2,428,588$7,462,254
71$17,982,995$4,041,978$2,461,397$8,024,726
72$19,767,183$4,189,957$2,493,776$8,638,560
73$21,731,780$4,343,610$2,525,662$9,308,806
74$23,895,139$4,503,164$2,556,989$10,041,021
75$26,277,482$4,668,858$2,587,687$10,841,325
76$28,901,093$4,840,939$2,617,682$11,716,454
77$31,790,526$5,019,667$2,646,896$12,673,823
78$34,972,839$5,205,311$2,675,247$13,721,599
79$38,477,849$5,398,151$2,702,648$14,868,771
80$42,338,409$5,598,480$2,729,006$16,125,238
81$46,590,725$5,806,604$2,754,226$17,501,903
82$51,274,692$6,022,840$2,778,205$19,010,770
83$56,434,272$6,247,521$2,800,837$20,665,058
84$62,117,911$6,480,992$2,822,008$22,479,327
85$68,378,992$6,723,615$2,841,599$24,469,612
86$75,276,342$6,975,766$2,859,486$26,653,575
87$82,874,787$7,237,837$2,875,537$29,050,666
88$91,245,762$7,510,237$2,889,614$31,682,311
89$100,467,985$7,793,394$2,901,572$34,572,110
90$110,628,202$8,087,753$2,911,257$37,746,058
91$121,822,005$8,393,779$2,918,510$41,232,790
92$134,154,732$8,711,956$2,923,163$45,063,850
93$147,742,464$9,042,791$2,925,038$49,273,984
94$162,713,119$9,386,812$2,923,950$53,901,473
95$179,207,659$9,744,568$2,919,705$58,988,485
96$197,381,424$10,116,636$2,912,099$64,581,476
97$217,405,592$10,503,614$2,900,917$70,731,627
98$239,468,800$10,906,128$2,885,935$77,495,320
99$263,778,922$11,324,833$2,866,918$84,934,677
100$290,565,033$11,760,410$2,843,620$93,118,135