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%14.6%
1 years$127,998$126,857$125,745$124,659$123,599$121,252
2 years$63,365$62,185$61,041$59,932$58,857$56,502
3 years$41,824$40,639$39,498$38,399$37,341$35,051
4 years$31,055$29,874$28,744$27,664$26,632$24,425
5 years$24,596$23,421$22,307$21,249$20,245$18,127
6 years$20,291$19,125$18,027$16,993$16,019$13,992
7 years$17,217$16,061$14,981$13,971$13,028$11,093
8 years$14,913$13,768$12,705$11,720$10,808$8,964
9 years$13,122$11,987$10,943$9,983$9,102$7,348
10 years$11,690$10,566$9,540$8,605$7,755$6,090
11 years$10,519$9,406$8,399$7,489$6,670$5,091
12 years$9,543$8,443$7,454$6,569$5,780$4,285
13 years$8,719$7,630$6,659$5,799$5,040$3,627
14 years$8,013$6,935$5,984$5,148$4,418$3,085
15 years$7,402$6,335$5,402$4,591$3,890$2,633
16 years$6,867$5,813$4,898$4,111$3,438$2,255
17 years$6,396$5,353$4,457$3,694$3,048$1,936
18 years$5,978$4,947$4,069$3,329$2,711$1,666
19 years$5,604$4,584$3,725$3,008$2,416$1,437
20 years$5,268$4,260$3,418$2,724$2,158$1,241
21 years$4,964$3,968$3,144$2,472$1,931$1,073
22 years$4,689$3,704$2,898$2,248$1,731$929
23 years$4,437$3,464$2,676$2,047$1,554$806
24 years$4,207$3,246$2,475$1,867$1,397$699
25 years$3,996$3,046$2,292$1,705$1,257$607
26 years$3,801$2,863$2,126$1,559$1,132$527
27 years$3,621$2,694$1,974$1,427$1,021$458
28 years$3,455$2,539$1,835$1,308$921$399
29 years$3,300$2,395$1,708$1,199$832$347
30 years$3,155$2,262$1,591$1,100$751$302
31 years$3,020$2,138$1,483$1,011$679$263
32 years$2,894$2,023$1,383$929$615$229
33 years$2,776$1,916$1,292$854$556$199
34 years$2,665$1,816$1,207$786$504$174
35 years$2,560$1,722$1,128$723$456$151
36 years$2,462$1,635$1,056$666$413$132
37 years$2,369$1,553$988$614$374$115
38 years$2,281$1,476$925$566$340$100
39 years$2,198$1,403$867$522$308$87
40 years$2,119$1,335$813$481$279$76
41 years$2,044$1,271$762$444$253$67
42 years$1,973$1,210$715$410$230$58
43 years$1,906$1,153$671$378$209$51
44 years$1,842$1,099$629$349$189$44
45 years$1,780$1,048$591$323$172$39
46 years$1,722$1,000$555$298$156$34
47 years$1,666$954$522$275$142$29
48 years$1,613$911$490$254$129$26
49 years$1,562$870$461$235$117$22
50 years$1,513$831$433$217$106$19

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 $5,649 every year, while hoping to spend $24,159 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: 76/5/19 Blend
44$1,550,000$1,550,000$1,550,000$1,550,000
45$1,713,927$1,631,777$1,607,752$1,836,238
46$1,863,043$1,686,029$1,635,907$1,972,222
47$2,026,558$1,742,130$1,664,195$2,117,736
48$2,205,917$1,800,144$1,692,595$2,276,645
49$2,402,709$1,860,140$1,721,086$2,450,278
50$2,618,686$1,922,187$1,749,642$2,640,101
51$2,855,775$1,986,357$1,778,239$2,847,728
52$3,116,101$2,052,726$1,806,847$3,074,937
53$3,402,006$2,121,372$1,835,439$3,323,688
54$3,716,067$2,192,376$1,863,983$3,596,136
55$4,061,125$2,265,821$1,892,445$3,894,659
56$4,440,308$2,341,794$1,920,790$4,221,876
57$4,857,063$2,420,386$1,948,980$4,580,670
58$5,315,189$2,501,691$1,976,976$4,974,220
59$5,818,869$2,585,804$2,004,736$5,406,025
60$6,372,712$2,672,827$2,032,213$5,879,945
61$6,981,797$2,762,864$2,059,361$6,400,227
62$7,651,720$2,856,024$2,086,129$6,971,555
63$8,388,645$2,952,418$2,112,463$7,599,086
64$9,199,364$3,052,164$2,138,308$8,288,504
65$10,091,361$3,155,383$2,163,604$9,046,073
66$11,072,883$3,262,199$2,188,288$9,878,693
67$12,153,014$3,372,744$2,212,293$10,793,966
68$13,341,766$3,487,153$2,235,549$11,800,271
69$14,650,168$3,605,566$2,257,982$12,906,839
70$16,090,375$3,728,128$2,279,514$14,123,840
71$17,675,779$3,854,992$2,300,063$15,462,483
72$19,421,136$3,986,314$2,319,542$16,935,119
73$21,342,705$4,122,257$2,337,861$18,555,356
74$23,458,404$4,262,990$2,354,922$20,338,189
75$25,787,975$4,408,690$2,370,625$22,300,143
76$28,353,171$4,559,539$2,384,864$24,459,427
77$31,177,965$4,715,726$2,397,527$26,836,103
78$34,288,769$4,877,449$2,408,496$29,452,284
79$37,714,691$5,044,912$2,417,649$32,332,331
80$41,487,804$5,218,327$2,424,854$35,503,094
81$45,643,450$5,397,915$2,429,977$38,994,157
82$50,220,575$5,583,906$2,432,874$42,838,121
83$55,262,094$5,776,537$2,433,395$47,070,913
84$60,815,296$5,976,056$2,431,383$51,732,121
85$66,932,294$6,182,721$2,426,672$56,865,371
86$73,670,511$6,396,797$2,419,089$62,518,736
87$81,093,227$6,618,564$2,408,452$68,745,194
88$89,270,173$6,848,310$2,394,571$75,603,123
89$98,278,188$7,086,335$2,377,247$83,156,856
90$108,201,948$7,332,950$2,356,270$91,477,284
91$119,134,762$7,588,480$2,331,420$100,642,531
92$131,179,454$7,853,262$2,302,469$110,738,686
93$144,449,332$8,127,646$2,269,175$121,860,620
94$159,069,260$8,411,996$2,231,288$134,112,876
95$175,176,832$8,706,691$2,188,544$147,610,663
96$192,923,675$9,012,126$2,140,667$162,480,938
97$212,476,879$9,328,709$2,087,368$178,863,605
98$234,020,572$9,656,867$2,028,346$196,912,841
99$257,757,659$9,997,042$1,963,285$216,798,544
100$283,911,740$10,349,697$1,891,855$238,707,941