Can I retire at age 45 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$127,998$126,857$125,745$124,659$123,599$119,261
2 years$63,365$62,185$61,041$59,932$58,857$54,532
3 years$41,824$40,639$39,498$38,399$37,341$33,165
4 years$31,055$29,874$28,744$27,664$26,632$22,637
5 years$24,596$23,421$22,307$21,249$20,245$16,442
6 years$20,291$19,125$18,027$16,993$16,019$12,410
7 years$17,217$16,061$14,981$13,971$13,028$9,612
8 years$14,913$13,768$12,705$11,720$10,808$7,583
9 years$13,122$11,987$10,943$9,983$9,102$6,064
10 years$11,690$10,566$9,540$8,605$7,755$4,899
11 years$10,519$9,406$8,399$7,489$6,670$3,989
12 years$9,543$8,443$7,454$6,569$5,780$3,268
13 years$8,719$7,630$6,659$5,799$5,040$2,691
14 years$8,013$6,935$5,984$5,148$4,418$2,225
15 years$7,402$6,335$5,402$4,591$3,890$1,845
16 years$6,867$5,813$4,898$4,111$3,438$1,535
17 years$6,396$5,353$4,457$3,694$3,048$1,279
18 years$5,978$4,947$4,069$3,329$2,711$1,068
19 years$5,604$4,584$3,725$3,008$2,416$893
20 years$5,268$4,260$3,418$2,724$2,158$748
21 years$4,964$3,968$3,144$2,472$1,931$626
22 years$4,689$3,704$2,898$2,248$1,731$525
23 years$4,437$3,464$2,676$2,047$1,554$441
24 years$4,207$3,246$2,475$1,867$1,397$370
25 years$3,996$3,046$2,292$1,705$1,257$311
26 years$3,801$2,863$2,126$1,559$1,132$262
27 years$3,621$2,694$1,974$1,427$1,021$220
28 years$3,455$2,539$1,835$1,308$921$185
29 years$3,300$2,395$1,708$1,199$832$156
30 years$3,155$2,262$1,591$1,100$751$131
31 years$3,020$2,138$1,483$1,011$679$110
32 years$2,894$2,023$1,383$929$615$93
33 years$2,776$1,916$1,292$854$556$78
34 years$2,665$1,816$1,207$786$504$66
35 years$2,560$1,722$1,128$723$456$55
36 years$2,462$1,635$1,056$666$413$47
37 years$2,369$1,553$988$614$374$39
38 years$2,281$1,476$925$566$340$33
39 years$2,198$1,403$867$522$308$28
40 years$2,119$1,335$813$481$279$23
41 years$2,044$1,271$762$444$253$20
42 years$1,973$1,210$715$410$230$17
43 years$1,906$1,153$671$378$209$14
44 years$1,842$1,099$629$349$189$12
45 years$1,780$1,048$591$323$172$10
46 years$1,722$1,000$555$298$156$8
47 years$1,666$954$522$275$142$7
48 years$1,613$911$490$254$129$6
49 years$1,562$870$461$235$117$5
50 years$1,513$831$433$217$106$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,550,000, adding $4,849 every year, while hoping to spend $39,860 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: 81/5/14 Blend
44$1,550,000$1,550,000$1,550,000$1,550,000
45$1,713,102$1,630,952$1,606,927$1,846,750
46$1,845,427$1,668,458$1,618,348$1,972,742
47$1,989,914$1,706,465$1,628,816$2,105,342
48$2,147,761$1,744,958$1,638,257$2,249,747
49$2,320,286$1,783,914$1,646,592$2,407,124
50$2,508,943$1,823,314$1,653,741$2,578,755
51$2,715,331$1,863,131$1,659,616$2,766,055
52$2,941,210$1,903,340$1,664,129$2,970,581
53$3,188,519$1,943,910$1,667,183$3,194,049
54$3,459,394$1,984,808$1,668,680$3,438,348
55$3,756,187$2,025,997$1,668,515$3,705,561
56$4,081,486$2,067,439$1,666,578$3,997,981
57$4,438,144$2,109,090$1,662,755$4,318,136
58$4,829,302$2,150,903$1,656,924$4,668,810
59$5,258,419$2,192,826$1,648,960$5,053,069
60$5,729,308$2,234,804$1,638,730$5,474,295
61$6,246,164$2,276,777$1,626,095$5,936,210
62$6,813,613$2,318,679$1,610,909$6,442,917
63$7,436,747$2,360,440$1,593,020$6,998,938
64$8,121,178$2,401,984$1,572,269$7,609,254
65$8,873,086$2,443,228$1,548,487$8,279,354
66$9,699,280$2,484,086$1,521,501$9,015,286
67$10,607,261$2,524,461$1,491,126$9,823,714
68$11,605,295$2,564,253$1,457,172$10,711,983
69$12,702,485$2,603,351$1,419,437$11,688,185
70$13,908,862$2,641,639$1,377,712$12,761,237
71$15,235,477$2,678,990$1,331,776$13,940,965
72$16,694,506$2,715,271$1,281,401$15,238,198
73$18,299,364$2,750,338$1,226,346$16,664,868
74$20,064,831$2,784,036$1,166,361$18,234,125
75$22,007,192$2,816,202$1,101,182$19,960,457
76$24,144,390$2,846,660$1,030,536$21,859,833
77$26,496,195$2,875,224$954,136$23,949,849
78$29,084,389$2,901,692$871,682$26,249,895
79$31,932,976$2,925,854$782,862$28,781,340
80$35,068,400$2,947,482$687,349$31,567,731
81$38,519,803$2,966,335$584,802$34,635,017
82$42,319,294$2,982,156$474,863$38,011,797
83$46,502,252$2,994,672$357,161$41,729,581
84$51,107,664$3,003,593$231,308$45,823,100
85$56,178,486$3,008,609$96,898$50,330,622
86$61,762,054$3,009,394$0$55,294,322
87$67,910,527$3,005,597$0$60,767,630
88$74,681,380$2,996,850$0$66,810,708
89$82,137,944$2,982,760$0$73,465,577
90$90,350,009$2,962,910$0$80,794,511
91$99,394,476$2,936,858$0$88,866,129
92$109,356,084$2,904,136$0$97,756,048
93$120,328,212$2,864,247$0$107,547,591
94$132,413,759$2,816,663$0$118,332,580
95$145,726,111$2,760,829$0$130,212,199
96$160,390,217$2,696,152$0$143,297,945
97$176,543,763$2,622,008$0$157,712,689
98$194,338,474$2,537,733$0$173,591,826
99$213,941,544$2,442,627$0$191,084,562
100$235,537,214$2,335,948$0$210,355,314