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%19.7%
1 years$127,998$126,857$125,745$124,659$123,599$118,789
2 years$63,365$62,185$61,041$59,932$58,857$54,069
3 years$41,824$40,639$39,498$38,399$37,341$32,726
4 years$31,055$29,874$28,744$27,664$26,632$22,225
5 years$24,596$23,421$22,307$21,249$20,245$16,057
6 years$20,291$19,125$18,027$16,993$16,019$12,053
7 years$17,217$16,061$14,981$13,971$13,028$9,283
8 years$14,913$13,768$12,705$11,720$10,808$7,280
9 years$13,122$11,987$10,943$9,983$9,102$5,786
10 years$11,690$10,566$9,540$8,605$7,755$4,644
11 years$10,519$9,406$8,399$7,489$6,670$3,757
12 years$9,543$8,443$7,454$6,569$5,780$3,058
13 years$8,719$7,630$6,659$5,799$5,040$2,501
14 years$8,013$6,935$5,984$5,148$4,418$2,053
15 years$7,402$6,335$5,402$4,591$3,890$1,691
16 years$6,867$5,813$4,898$4,111$3,438$1,396
17 years$6,396$5,353$4,457$3,694$3,048$1,155
18 years$5,978$4,947$4,069$3,329$2,711$957
19 years$5,604$4,584$3,725$3,008$2,416$794
20 years$5,268$4,260$3,418$2,724$2,158$660
21 years$4,964$3,968$3,144$2,472$1,931$549
22 years$4,689$3,704$2,898$2,248$1,731$457
23 years$4,437$3,464$2,676$2,047$1,554$380
24 years$4,207$3,246$2,475$1,867$1,397$317
25 years$3,996$3,046$2,292$1,705$1,257$264
26 years$3,801$2,863$2,126$1,559$1,132$220
27 years$3,621$2,694$1,974$1,427$1,021$184
28 years$3,455$2,539$1,835$1,308$921$153
29 years$3,300$2,395$1,708$1,199$832$128
30 years$3,155$2,262$1,591$1,100$751$107
31 years$3,020$2,138$1,483$1,011$679$89
32 years$2,894$2,023$1,383$929$615$74
33 years$2,776$1,916$1,292$854$556$62
34 years$2,665$1,816$1,207$786$504$52
35 years$2,560$1,722$1,128$723$456$43
36 years$2,462$1,635$1,056$666$413$36
37 years$2,369$1,553$988$614$374$30
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$18
41 years$2,044$1,271$762$444$253$15
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$9
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 $2,298 every year, while hoping to spend $49,283 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: 81/12/7 Blend
44$1,550,000$1,550,000$1,550,000$1,550,000
45$1,710,470$1,628,320$1,604,295$1,847,620
46$1,832,502$1,655,671$1,605,603$1,965,064
47$1,965,328$1,682,711$1,605,302$2,087,160
48$2,110,000$1,709,371$1,603,287$2,219,662
49$2,267,670$1,735,581$1,599,447$2,363,582
50$2,439,610$1,761,262$1,593,666$2,520,038
51$2,627,217$1,786,331$1,585,822$2,690,259
52$2,832,032$1,810,700$1,575,786$2,875,597
53$3,055,748$1,834,273$1,563,423$3,077,545
54$3,300,232$1,856,950$1,548,595$3,297,744
55$3,567,535$1,878,620$1,531,153$3,538,003
56$3,859,920$1,899,169$1,510,943$3,800,314
57$4,179,876$1,918,472$1,487,804$4,086,874
58$4,530,144$1,936,398$1,461,566$4,400,100
59$4,913,743$1,952,806$1,432,052$4,742,656
60$5,333,997$1,967,546$1,399,078$5,117,477
61$5,794,567$1,980,458$1,362,450$5,527,799
62$6,299,486$1,991,372$1,321,964$5,977,182
63$6,853,192$2,000,109$1,277,409$6,469,555
64$7,460,579$2,006,475$1,228,563$7,009,242
65$8,127,032$2,010,266$1,175,194$7,601,010
66$8,858,485$2,011,266$1,117,059$8,250,111
67$9,661,476$2,009,243$1,053,906$8,962,332
68$10,543,204$2,003,953$985,469$9,744,050
69$11,511,599$1,995,136$911,471$10,602,293
70$12,575,401$1,982,515$831,624$11,544,805
71$13,744,233$1,965,800$745,624$12,580,118
72$15,028,699$1,944,679$653,158$13,717,636
73$16,440,482$1,918,823$553,894$14,967,721
74$17,992,450$1,887,885$447,488$16,341,793
75$19,698,783$1,851,494$333,582$17,852,436
76$21,575,101$1,809,260$211,799$19,513,518
77$23,638,616$1,760,768$81,749$21,340,320
78$25,908,289$1,705,580$0$23,349,685
79$28,405,013$1,643,231$0$25,564,432
80$31,151,806$1,573,231$0$28,007,548
81$34,174,030$1,495,060$0$30,695,494
82$37,499,631$1,408,168$0$33,653,144
83$41,159,398$1,311,973$0$36,907,909
84$45,187,258$1,205,861$0$40,489,997
85$49,620,592$1,089,181$0$44,432,691
86$54,500,590$961,248$0$48,772,673
87$59,872,636$821,336$0$53,550,362
88$65,786,740$668,676$0$58,810,301
89$72,298,006$502,460$0$64,601,577
90$79,467,153$321,831$0$70,978,279
91$87,361,088$125,886$0$78,000,018
92$96,053,535$0$0$85,732,480
93$105,625,733$0$0$94,259,453
94$116,167,199$0$0$103,668,215
95$127,776,576$0$0$114,030,190
96$140,562,559$0$0$125,442,404
97$154,644,924$0$0$138,011,769
98$170,155,658$0$0$151,856,097
99$187,240,201$0$0$167,105,212
100$206,058,820$0$0$183,902,170