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%14.4%
1 years$127,172$126,039$124,934$123,855$122,802$120,569
2 years$62,956$61,784$60,647$59,546$58,477$56,236
3 years$41,554$40,376$39,243$38,152$37,100$34,920
4 years$30,855$29,681$28,559$27,486$26,460$24,358
5 years$24,437$23,270$22,163$21,112$20,115$18,096
6 years$20,160$19,002$17,911$16,883$15,916$13,984
7 years$17,106$15,958$14,884$13,881$12,944$11,098
8 years$14,817$13,679$12,623$11,644$10,738$8,979
9 years$13,037$11,910$10,872$9,918$9,043$7,369
10 years$11,614$10,498$9,478$8,550$7,705$6,115
11 years$10,451$9,346$8,345$7,441$6,627$5,118
12 years$9,482$8,388$7,406$6,527$5,743$4,314
13 years$8,663$7,580$6,617$5,762$5,008$3,656
14 years$7,961$6,890$5,945$5,115$4,390$3,114
15 years$7,354$6,295$5,368$4,562$3,865$2,662
16 years$6,823$5,775$4,866$4,084$3,416$2,283
17 years$6,355$5,319$4,428$3,670$3,029$1,963
18 years$5,939$4,915$4,042$3,307$2,693$1,692
19 years$5,568$4,555$3,701$2,988$2,400$1,461
20 years$5,234$4,233$3,396$2,707$2,144$1,264
21 years$4,932$3,943$3,124$2,456$1,919$1,094
22 years$4,658$3,680$2,879$2,233$1,720$949
23 years$4,409$3,442$2,658$2,034$1,544$824
24 years$4,180$3,225$2,459$1,855$1,388$716
25 years$3,970$3,026$2,277$1,694$1,249$623
26 years$3,777$2,844$2,112$1,549$1,125$542
27 years$3,598$2,677$1,961$1,418$1,014$472
28 years$3,432$2,522$1,823$1,299$915$411
29 years$3,278$2,380$1,697$1,191$826$358
30 years$3,135$2,247$1,580$1,093$747$312
31 years$3,001$2,124$1,473$1,004$675$272
32 years$2,875$2,010$1,375$923$611$238
33 years$2,758$1,904$1,283$849$553$207
34 years$2,648$1,804$1,199$781$500$181
35 years$2,544$1,711$1,121$719$453$158
36 years$2,446$1,624$1,049$662$411$138
37 years$2,354$1,543$982$610$372$120
38 years$2,266$1,466$919$562$337$105
39 years$2,184$1,394$861$518$306$92
40 years$2,105$1,326$807$478$277$80
41 years$2,031$1,263$757$441$252$70
42 years$1,961$1,202$710$407$228$61
43 years$1,894$1,146$666$376$207$54
44 years$1,830$1,092$625$347$188$47
45 years$1,769$1,041$587$320$171$41
46 years$1,711$993$552$296$155$36
47 years$1,656$948$518$273$141$31
48 years$1,603$905$487$253$128$27
49 years$1,552$864$458$234$116$24
50 years$1,504$826$430$216$106$21

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 $6,873 every year, while hoping to spend $34,101 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: 67/7/26 Blend
44$1,540,000$1,540,000$1,540,000$1,540,000
45$1,704,169$1,622,549$1,598,679$1,806,411
46$1,841,712$1,665,771$1,615,952$1,919,269
47$1,992,140$1,709,968$1,632,660$2,038,164
48$2,156,733$1,755,151$1,648,749$2,167,426
49$2,336,899$1,801,333$1,664,161$2,308,079
50$2,534,187$1,848,522$1,678,835$2,461,254
51$2,750,305$1,896,731$1,692,707$2,628,194
52$2,987,132$1,945,966$1,705,709$2,810,270
53$3,246,739$1,996,238$1,717,769$3,008,991
54$3,531,406$2,047,553$1,728,814$3,226,022
55$3,843,643$2,099,918$1,738,764$3,463,196
56$4,186,219$2,153,337$1,747,536$3,722,535
57$4,562,178$2,207,816$1,755,043$4,006,264
58$4,974,878$2,263,357$1,761,195$4,316,837
59$5,428,015$2,319,960$1,765,894$4,656,959
60$5,925,661$2,377,627$1,769,040$5,029,608
61$6,472,303$2,436,355$1,770,528$5,438,070
62$7,072,882$2,496,141$1,770,245$5,885,962
63$7,732,844$2,556,979$1,768,075$6,377,274
64$8,458,184$2,618,862$1,763,897$6,916,399
65$9,255,513$2,681,780$1,757,581$7,508,182
66$10,132,108$2,745,721$1,748,993$8,157,961
67$11,095,991$2,810,669$1,737,992$8,871,618
68$12,155,998$2,876,607$1,724,431$9,655,638
69$13,321,865$2,943,516$1,708,154$10,517,165
70$14,604,317$3,011,370$1,688,999$11,464,074
71$16,015,174$3,080,144$1,666,797$12,505,044
72$17,567,456$3,149,805$1,641,369$13,649,638
73$19,275,511$3,220,321$1,612,530$14,908,398
74$21,155,148$3,291,651$1,580,084$16,292,941
75$23,223,783$3,363,752$1,543,827$17,816,068
76$25,500,610$3,436,577$1,503,547$19,491,891
77$28,006,776$3,510,072$1,459,019$21,335,958
78$30,765,581$3,584,180$1,410,010$23,365,407
79$33,802,701$3,658,835$1,356,276$25,599,125
80$37,146,426$3,733,968$1,297,561$28,057,927
81$40,827,931$3,809,502$1,233,598$30,764,752
82$44,881,565$3,885,352$1,164,109$33,744,882
83$49,345,179$3,961,429$1,088,801$37,026,178
84$54,260,481$4,037,633$1,007,370$40,639,346
85$59,673,430$4,113,857$919,496$44,618,227
86$65,634,668$4,189,985$824,848$49,000,113
87$72,200,002$4,265,891$723,078$53,826,106
88$79,430,923$4,341,441$613,822$59,141,502
89$87,395,193$4,416,487$496,701$64,996,219
90$96,167,482$4,490,875$371,320$71,445,271
91$105,830,071$4,564,433$237,265$78,549,286
92$116,473,629$4,636,981$94,104$86,375,081
93$128,198,070$4,708,324$0$94,996,290
94$141,113,495$4,778,253$0$104,510,341
95$155,341,228$4,846,545$0$115,019,307
96$171,014,966$4,912,958$0$126,595,748
97$188,282,036$4,977,237$0$139,348,423
98$207,304,789$5,039,107$0$153,397,179
99$228,262,130$5,098,275$0$168,874,088
100$251,351,205$5,154,429$0$185,924,686