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

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$127,998$126,857$125,745$124,659$123,599$118,742
2 years$63,365$62,185$61,041$59,932$58,857$54,023
3 years$41,824$40,639$39,498$38,399$37,341$32,682
4 years$31,055$29,874$28,744$27,664$26,632$22,184
5 years$24,596$23,421$22,307$21,249$20,245$16,019
6 years$20,291$19,125$18,027$16,993$16,019$12,018
7 years$17,217$16,061$14,981$13,971$13,028$9,251
8 years$14,913$13,768$12,705$11,720$10,808$7,250
9 years$13,122$11,987$10,943$9,983$9,102$5,758
10 years$11,690$10,566$9,540$8,605$7,755$4,620
11 years$10,519$9,406$8,399$7,489$6,670$3,735
12 years$9,543$8,443$7,454$6,569$5,780$3,038
13 years$8,719$7,630$6,659$5,799$5,040$2,483
14 years$8,013$6,935$5,984$5,148$4,418$2,037
15 years$7,402$6,335$5,402$4,591$3,890$1,676
16 years$6,867$5,813$4,898$4,111$3,438$1,383
17 years$6,396$5,353$4,457$3,694$3,048$1,143
18 years$5,978$4,947$4,069$3,329$2,711$947
19 years$5,604$4,584$3,725$3,008$2,416$785
20 years$5,268$4,260$3,418$2,724$2,158$652
21 years$4,964$3,968$3,144$2,472$1,931$541
22 years$4,689$3,704$2,898$2,248$1,731$450
23 years$4,437$3,464$2,676$2,047$1,554$375
24 years$4,207$3,246$2,475$1,867$1,397$312
25 years$3,996$3,046$2,292$1,705$1,257$260
26 years$3,801$2,863$2,126$1,559$1,132$216
27 years$3,621$2,694$1,974$1,427$1,021$180
28 years$3,455$2,539$1,835$1,308$921$150
29 years$3,300$2,395$1,708$1,199$832$125
30 years$3,155$2,262$1,591$1,100$751$105
31 years$3,020$2,138$1,483$1,011$679$87
32 years$2,894$2,023$1,383$929$615$73
33 years$2,776$1,916$1,292$854$556$61
34 years$2,665$1,816$1,207$786$504$51
35 years$2,560$1,722$1,128$723$456$42
36 years$2,462$1,635$1,056$666$413$35
37 years$2,369$1,553$988$614$374$29
38 years$2,281$1,476$925$566$340$25
39 years$2,198$1,403$867$522$308$21
40 years$2,119$1,335$813$481$279$17
41 years$2,044$1,271$762$444$253$14
42 years$1,973$1,210$715$410$230$12
43 years$1,906$1,153$671$378$209$10
44 years$1,842$1,099$629$349$189$8
45 years$1,780$1,048$591$323$172$7
46 years$1,722$1,000$555$298$156$6
47 years$1,666$954$522$275$142$5
48 years$1,613$911$490$254$129$4
49 years$1,562$870$461$235$117$3
50 years$1,513$831$433$217$106$3

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 $5,860 every year, while hoping to spend $54,518 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: 72/14/14 Blend
44$1,550,000$1,550,000$1,550,000$1,550,000
45$1,714,145$1,631,995$1,607,970$1,831,889
46$1,830,981$1,653,956$1,603,830$1,932,661
47$1,957,907$1,675,165$1,597,724$2,035,756
48$2,095,894$1,695,530$1,589,529$2,147,206
49$2,246,013$1,714,948$1,579,116$2,267,827
50$2,409,438$1,733,312$1,566,348$2,398,515
51$2,587,464$1,750,508$1,551,084$2,540,260
52$2,781,515$1,766,412$1,533,174$2,694,154
53$2,993,158$1,780,895$1,512,464$2,861,397
54$3,224,118$1,793,817$1,488,790$3,043,316
55$3,476,295$1,805,031$1,461,981$3,241,370
56$3,751,778$1,814,378$1,431,859$3,457,169
57$4,052,869$1,821,692$1,398,235$3,692,487
58$4,382,101$1,826,795$1,360,916$3,949,281
59$4,742,263$1,829,496$1,319,695$4,229,706
60$5,136,428$1,829,595$1,274,358$4,536,139
61$5,567,976$1,826,878$1,224,682$4,871,200
62$6,040,633$1,821,118$1,170,432$5,237,777
63$6,558,500$1,812,075$1,111,364$5,639,054
64$7,126,094$1,799,493$1,047,221$6,078,540
65$7,748,388$1,783,102$977,736$6,560,103
66$8,430,863$1,762,613$902,630$7,088,010
67$9,179,553$1,737,723$821,610$7,666,961
68$10,001,105$1,708,109$734,371$8,302,139
69$10,902,839$1,673,428$640,594$8,999,257
70$11,892,822$1,633,319$539,947$9,764,613
71$12,979,937$1,587,398$432,082$10,605,149
72$14,173,970$1,535,260$316,636$11,528,519
73$15,485,702$1,476,475$193,231$12,543,158
74$16,927,008$1,410,587$61,469$13,658,367
75$18,510,974$1,337,117$0$14,884,396
76$20,252,013$1,255,555$0$16,244,367
77$22,166,005$1,165,364$0$17,749,483
78$24,270,445$1,065,974$0$19,404,348
79$26,584,608$956,785$0$21,224,168
80$29,129,731$837,160$0$23,225,699
81$31,929,212$706,429$0$25,427,406
82$35,008,829$563,882$0$27,849,641
83$38,396,987$408,770$0$30,514,828
84$42,124,981$240,300$0$33,447,682
85$46,227,292$57,638$0$36,675,439
86$50,741,914$0$0$40,228,116
87$55,710,710$0$0$44,160,373
88$61,179,807$0$0$48,498,427
89$67,200,029$0$0$53,273,723
90$73,827,380$0$0$58,530,697
91$81,123,569$0$0$64,318,308
92$89,156,592$0$0$70,690,506
93$98,001,374$0$0$77,706,737
94$107,740,473$0$0$85,432,507
95$118,464,864$0$0$93,939,995
96$130,274,792$0$0$103,308,739
97$143,280,716$0$0$113,626,380
98$157,604,359$0$0$124,989,496
99$173,379,847$0$0$137,504,506
100$190,754,980$0$0$151,288,678