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

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$127,172$126,039$124,934$123,855$122,802$120,718
2 years$62,956$61,784$60,647$59,546$58,477$56,384
3 years$41,554$40,376$39,243$38,152$37,100$35,063
4 years$30,855$29,681$28,559$27,486$26,460$24,495
5 years$24,437$23,270$22,163$21,112$20,115$18,226
6 years$20,160$19,002$17,911$16,883$15,916$14,107
7 years$17,106$15,958$14,884$13,881$12,944$11,215
8 years$14,817$13,679$12,623$11,644$10,738$9,089
9 years$13,037$11,910$10,872$9,918$9,043$7,473
10 years$11,614$10,498$9,478$8,550$7,705$6,212
11 years$10,451$9,346$8,345$7,441$6,627$5,210
12 years$9,482$8,388$7,406$6,527$5,743$4,400
13 years$8,663$7,580$6,617$5,762$5,008$3,737
14 years$7,961$6,890$5,945$5,115$4,390$3,188
15 years$7,354$6,295$5,368$4,562$3,865$2,731
16 years$6,823$5,775$4,866$4,084$3,416$2,347
17 years$6,355$5,319$4,428$3,670$3,029$2,023
18 years$5,939$4,915$4,042$3,307$2,693$1,747
19 years$5,568$4,555$3,701$2,988$2,400$1,512
20 years$5,234$4,233$3,396$2,707$2,144$1,311
21 years$4,932$3,943$3,124$2,456$1,919$1,138
22 years$4,658$3,680$2,879$2,233$1,720$989
23 years$4,409$3,442$2,658$2,034$1,544$861
24 years$4,180$3,225$2,459$1,855$1,388$750
25 years$3,970$3,026$2,277$1,694$1,249$653
26 years$3,777$2,844$2,112$1,549$1,125$570
27 years$3,598$2,677$1,961$1,418$1,014$497
28 years$3,432$2,522$1,823$1,299$915$434
29 years$3,278$2,380$1,697$1,191$826$380
30 years$3,135$2,247$1,580$1,093$747$332
31 years$3,001$2,124$1,473$1,004$675$290
32 years$2,875$2,010$1,375$923$611$254
33 years$2,758$1,904$1,283$849$553$222
34 years$2,648$1,804$1,199$781$500$194
35 years$2,544$1,711$1,121$719$453$170
36 years$2,446$1,624$1,049$662$411$149
37 years$2,354$1,543$982$610$372$130
38 years$2,266$1,466$919$562$337$114
39 years$2,184$1,394$861$518$306$100
40 years$2,105$1,326$807$478$277$87
41 years$2,031$1,263$757$441$252$77
42 years$1,961$1,202$710$407$228$67
43 years$1,894$1,146$666$376$207$59
44 years$1,830$1,092$625$347$188$51
45 years$1,769$1,041$587$320$171$45
46 years$1,711$993$552$296$155$40
47 years$1,656$948$518$273$141$35
48 years$1,603$905$487$253$128$30
49 years$1,552$864$458$234$116$27
50 years$1,504$826$430$216$106$23

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 $4,506 every year, while hoping to spend $53,487 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: 64/25/11 Blend
44$1,540,000$1,540,000$1,540,000$1,540,000
45$1,701,728$1,620,108$1,596,238$1,806,159
46$1,818,394$1,642,583$1,592,802$1,898,944
47$1,945,168$1,664,368$1,587,459$1,993,606
48$2,083,024$1,685,370$1,580,087$2,095,653
49$2,233,033$1,705,494$1,570,561$2,205,802
50$2,396,376$1,724,637$1,558,748$2,324,841
51$2,574,351$1,742,689$1,544,511$2,453,643
52$2,768,386$1,759,531$1,527,703$2,593,168
53$2,980,053$1,775,040$1,508,172$2,744,475
54$3,211,082$1,789,081$1,485,760$2,908,731
55$3,463,379$1,801,513$1,460,300$3,087,223
56$3,739,041$1,812,184$1,431,617$3,281,372
57$4,040,376$1,820,933$1,399,528$3,492,742
58$4,369,925$1,827,590$1,363,844$3,723,060
59$4,730,487$1,831,972$1,324,362$3,974,230
60$5,125,144$1,833,885$1,280,876$4,248,349
61$5,557,288$1,833,126$1,233,165$4,547,734
62$6,030,657$1,829,474$1,181,001$4,874,935
63$6,549,365$1,822,699$1,124,145$5,232,768
64$7,117,943$1,812,555$1,062,348$5,624,336
65$7,741,384$1,798,781$995,347$6,053,062
66$8,425,185$1,781,100$922,870$6,522,718
67$9,175,399$1,759,220$844,632$7,037,468
68$9,998,697$1,732,829$760,335$7,601,899
69$10,902,425$1,701,598$669,667$8,221,070
70$11,894,675$1,665,179$572,303$8,900,561
71$12,984,361$1,623,201$467,904$9,646,524
72$14,181,302$1,575,274$356,115$10,465,741
73$15,496,316$1,520,984$236,566$11,365,692
74$16,941,319$1,459,892$108,870$12,354,622
75$18,529,441$1,391,534$0$13,441,623
76$20,275,145$1,315,420$0$14,639,938
77$22,194,366$1,231,031$0$15,971,247
78$24,304,658$1,137,818$0$17,434,997
79$26,625,363$1,035,202$0$19,044,676
80$29,177,792$922,569$0$20,815,153
81$31,985,423$799,271$0$22,762,817
82$35,074,125$664,624$0$24,905,733
83$38,472,399$517,903$0$27,263,812
84$42,211,649$358,346$0$29,859,003
85$46,326,477$185,145$0$32,715,498
86$50,855,009$0$0$35,859,963
87$55,839,253$0$0$39,322,490
88$61,325,497$0$0$43,189,944
89$67,364,742$0$0$47,447,359
90$74,013,188$0$0$52,134,370
91$81,332,759$0$0$57,294,649
92$89,391,688$0$0$62,976,317
93$98,265,161$0$0$69,232,400
94$108,036,028$0$0$76,121,328
95$118,795,580$0$0$83,707,483
96$130,644,412$0$0$92,061,813
97$143,693,373$0$0$101,262,493
98$158,064,610$0$0$111,395,669
99$173,892,720$0$0$122,556,268
100$191,326,021$0$0$134,848,893