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%12.1%
1 years$127,998$126,857$125,745$124,659$123,599$122,512
2 years$63,365$62,185$61,041$59,932$58,857$57,762
3 years$41,824$40,639$39,498$38,399$37,341$36,272
4 years$31,055$29,874$28,744$27,664$26,632$25,596
5 years$24,596$23,421$22,307$21,249$20,245$19,246
6 years$20,291$19,125$18,027$16,993$16,019$15,059
7 years$17,217$16,061$14,981$13,971$13,028$12,106
8 years$14,913$13,768$12,705$11,720$10,808$9,924
9 years$13,122$11,987$10,943$9,983$9,102$8,256
10 years$11,690$10,566$9,540$8,605$7,755$6,948
11 years$10,519$9,406$8,399$7,489$6,670$5,899
12 years$9,543$8,443$7,454$6,569$5,780$5,046
13 years$8,719$7,630$6,659$5,799$5,040$4,342
14 years$8,013$6,935$5,984$5,148$4,418$3,754
15 years$7,402$6,335$5,402$4,591$3,890$3,260
16 years$6,867$5,813$4,898$4,111$3,438$2,841
17 years$6,396$5,353$4,457$3,694$3,048$2,483
18 years$5,978$4,947$4,069$3,329$2,711$2,175
19 years$5,604$4,584$3,725$3,008$2,416$1,910
20 years$5,268$4,260$3,418$2,724$2,158$1,681
21 years$4,964$3,968$3,144$2,472$1,931$1,481
22 years$4,689$3,704$2,898$2,248$1,731$1,307
23 years$4,437$3,464$2,676$2,047$1,554$1,155
24 years$4,207$3,246$2,475$1,867$1,397$1,022
25 years$3,996$3,046$2,292$1,705$1,257$905
26 years$3,801$2,863$2,126$1,559$1,132$802
27 years$3,621$2,694$1,974$1,427$1,021$711
28 years$3,455$2,539$1,835$1,308$921$631
29 years$3,300$2,395$1,708$1,199$832$560
30 years$3,155$2,262$1,591$1,100$751$498
31 years$3,020$2,138$1,483$1,011$679$443
32 years$2,894$2,023$1,383$929$615$394
33 years$2,776$1,916$1,292$854$556$350
34 years$2,665$1,816$1,207$786$504$311
35 years$2,560$1,722$1,128$723$456$277
36 years$2,462$1,635$1,056$666$413$247
37 years$2,369$1,553$988$614$374$220
38 years$2,281$1,476$925$566$340$196
39 years$2,198$1,403$867$522$308$174
40 years$2,119$1,335$813$481$279$155
41 years$2,044$1,271$762$444$253$138
42 years$1,973$1,210$715$410$230$123
43 years$1,906$1,153$671$378$209$110
44 years$1,842$1,099$629$349$189$98
45 years$1,780$1,048$591$323$172$87
46 years$1,722$1,000$555$298$156$78
47 years$1,666$954$522$275$142$69
48 years$1,613$911$490$254$129$62
49 years$1,562$870$461$235$117$55
50 years$1,513$831$433$217$106$49

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 $2,521 every year, while hoping to spend $23,997 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: 69/9/22 Blend
44$1,550,000$1,550,000$1,550,000$1,550,000
45$1,710,700$1,628,550$1,604,525$1,819,141
46$1,859,659$1,682,817$1,632,744$1,946,257
47$2,023,008$1,738,938$1,661,104$2,082,277
48$2,202,188$1,796,979$1,689,585$2,230,545
49$2,398,789$1,857,009$1,718,164$2,392,272
50$2,614,560$1,919,098$1,746,817$2,568,790
51$2,851,430$1,983,318$1,775,520$2,761,565
52$3,111,521$2,049,746$1,804,245$2,972,213
53$3,397,173$2,118,460$1,832,964$3,202,514
54$3,710,962$2,189,542$1,861,646$3,454,427
55$4,055,726$2,263,076$1,890,258$3,730,111
56$4,434,594$2,339,150$1,918,764$4,031,946
57$4,851,009$2,417,855$1,947,130$4,362,549
58$5,308,767$2,499,285$1,975,314$4,724,808
59$5,812,050$2,583,538$2,003,275$5,121,902
60$6,365,463$2,670,716$2,030,970$5,557,333
61$6,974,084$2,760,925$2,058,350$6,034,960
62$7,643,503$2,854,272$2,085,367$6,559,034
63$8,379,882$2,950,873$2,111,969$7,134,239
64$9,190,008$3,050,845$2,138,098$7,765,734
65$10,081,362$3,154,309$2,163,698$8,459,206
66$11,062,185$3,261,394$2,188,705$9,220,919
67$12,141,555$3,372,230$2,213,054$10,057,774
68$13,329,479$3,486,954$2,236,677$10,977,376
69$14,636,980$3,605,709$2,259,500$11,988,105
70$16,076,205$3,728,641$2,281,446$13,099,194
71$17,660,537$3,855,904$2,302,434$14,320,814
72$19,404,725$3,987,657$2,322,378$15,664,177
73$21,325,019$4,124,064$2,341,190$17,141,634
74$23,439,325$4,265,297$2,358,774$18,766,794
75$25,767,373$4,411,534$2,375,029$20,554,655
76$28,330,905$4,562,959$2,389,853$22,521,742
77$31,153,878$4,719,764$2,403,134$24,686,266
78$34,262,691$4,882,150$2,414,756$27,068,291
79$37,686,433$5,050,323$2,424,598$29,689,929
80$41,457,158$5,224,498$2,432,531$32,575,545
81$45,610,189$5,404,899$2,438,421$35,751,987
82$50,184,447$5,591,758$2,442,128$39,248,841
83$55,222,823$5,785,317$2,443,502$43,098,710
84$60,772,580$5,985,827$2,442,388$47,337,519
85$66,885,799$6,193,547$2,438,623$52,004,858
86$73,619,870$6,408,751$2,432,037$57,144,352
87$81,038,036$6,631,718$2,422,449$62,804,076
88$89,209,985$6,862,743$2,409,671$69,037,004
89$98,212,515$7,102,129$2,393,506$75,901,516
90$108,130,251$7,350,192$2,373,748$83,461,943
91$119,056,448$7,607,263$2,350,180$91,789,174
92$131,093,870$7,873,683$2,322,575$100,961,332
93$144,355,759$8,149,808$2,290,696$111,064,503
94$158,966,906$8,436,008$2,254,294$122,193,554
95$175,064,826$8,732,668$2,213,108$134,453,027
96$192,801,058$9,040,188$2,166,867$147,958,123
97$212,342,593$9,358,984$2,115,284$162,835,797
98$233,873,453$9,689,490$2,058,062$179,225,946
99$257,596,426$10,032,157$1,994,888$197,282,739
100$283,734,981$10,387,452$1,925,436$217,176,068