Can I retire at age 45 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$133,778$132,586$131,424$130,289$129,181$127,620
2 years$66,227$64,993$63,798$62,639$61,515$59,944
3 years$43,713$42,474$41,282$40,133$39,028$37,495
4 years$32,458$31,223$30,042$28,914$27,835$26,353
5 years$25,707$24,479$23,314$22,209$21,160$19,733
6 years$21,207$19,989$18,841$17,760$16,743$15,373
7 years$17,995$16,787$15,657$14,602$13,616$12,303
8 years$15,586$14,389$13,279$12,249$11,296$10,040
9 years$13,714$12,528$11,437$10,434$9,513$8,314
10 years$12,217$11,043$9,971$8,994$8,106$6,962
11 years$10,994$9,831$8,778$7,827$6,971$5,882
12 years$9,974$8,824$7,790$6,866$6,041$5,006
13 years$9,113$7,974$6,960$6,061$5,268$4,285
14 years$8,375$7,248$6,254$5,381$4,618$3,686
15 years$7,736$6,622$5,646$4,798$4,066$3,183
16 years$7,177$6,075$5,119$4,297$3,593$2,759
17 years$6,685$5,595$4,658$3,860$3,186$2,397
18 years$6,248$5,170$4,252$3,479$2,833$2,089
19 years$5,857$4,791$3,893$3,144$2,525$1,824
20 years$5,506$4,452$3,573$2,847$2,255$1,595
21 years$5,189$4,147$3,286$2,584$2,018$1,397
22 years$4,900$3,871$3,029$2,349$1,809$1,226
23 years$4,638$3,621$2,797$2,140$1,624$1,077
24 years$4,397$3,392$2,586$1,951$1,460$947
25 years$4,177$3,184$2,395$1,782$1,314$833
26 years$3,973$2,992$2,222$1,630$1,183$733
27 years$3,785$2,816$2,063$1,492$1,067$646
28 years$3,611$2,653$1,918$1,367$963$570
29 years$3,449$2,503$1,785$1,253$869$503
30 years$3,298$2,364$1,662$1,150$785$444
31 years$3,157$2,235$1,550$1,056$710$392
32 years$3,025$2,115$1,446$971$642$346
33 years$2,901$2,003$1,350$893$581$306
34 years$2,785$1,898$1,261$821$526$270
35 years$2,676$1,800$1,179$756$477$239
36 years$2,573$1,709$1,103$696$432$211
37 years$2,476$1,623$1,033$642$391$187
38 years$2,384$1,542$967$591$355$165
39 years$2,297$1,467$906$545$322$146
40 years$2,215$1,395$849$503$292$129
41 years$2,137$1,328$796$464$265$115
42 years$2,062$1,265$747$428$240$101
43 years$1,992$1,205$701$395$218$90
44 years$1,925$1,149$658$365$198$79
45 years$1,861$1,095$618$337$180$70
46 years$1,800$1,045$580$311$163$62
47 years$1,742$997$545$288$148$55
48 years$1,686$952$512$266$135$49
49 years$1,633$909$481$246$122$43
50 years$1,582$868$453$227$111$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,620,000, adding $3,382 every year, while hoping to spend $30,223 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: 65/10/25 Blend
44$1,620,000$1,620,000$1,620,000$1,620,000
45$1,788,729$1,702,869$1,677,759$1,893,110
46$1,939,022$1,754,152$1,701,806$2,015,195
47$2,103,632$1,806,936$1,725,647$2,144,883
48$2,283,988$1,861,261$1,749,241$2,285,949
49$2,481,662$1,917,170$1,772,548$2,439,516
50$2,698,387$1,974,707$1,795,524$2,606,817
51$2,936,071$2,033,916$1,818,123$2,789,211
52$3,196,817$2,094,844$1,840,297$2,988,198
53$3,482,938$2,157,538$1,861,992$3,205,426
54$3,796,985$2,222,044$1,883,157$3,442,713
55$4,141,767$2,288,414$1,903,732$3,702,062
56$4,520,377$2,356,696$1,923,657$3,985,678
57$4,936,225$2,426,943$1,942,868$4,295,992
58$5,393,063$2,499,207$1,961,298$4,635,681
59$5,895,030$2,573,543$1,978,876$5,007,697
60$6,446,682$2,650,005$1,995,527$5,415,288
61$7,053,038$2,728,650$2,011,172$5,862,038
62$7,719,630$2,809,536$2,025,728$6,351,892
63$8,452,550$2,892,721$2,039,108$6,889,198
64$9,258,512$2,978,266$2,051,220$7,478,748
65$10,144,912$3,066,233$2,061,967$8,125,822
66$11,119,899$3,156,684$2,071,249$8,836,236
67$12,192,450$3,249,683$2,078,957$9,616,402
68$13,372,459$3,345,297$2,084,982$10,473,384
69$14,670,825$3,443,591$2,089,204$11,414,965
70$16,099,557$3,544,635$2,091,500$12,449,723
71$17,671,888$3,648,498$2,091,741$13,587,111
72$19,402,397$3,755,251$2,089,790$14,837,543
73$21,307,149$3,864,966$2,085,506$16,212,500
74$23,403,845$3,977,716$2,078,737$17,724,628
75$25,711,991$4,093,577$2,069,328$19,387,868
76$28,253,077$4,212,626$2,057,114$21,217,579
77$31,050,786$4,334,940$2,041,923$23,230,687
78$34,131,211$4,460,597$2,023,573$25,445,847
79$37,523,108$4,589,679$2,001,875$27,883,615
80$41,258,159$4,722,268$1,976,632$30,566,643
81$45,371,277$4,858,445$1,947,635$33,519,894
82$49,900,935$4,998,296$1,914,668$36,770,879
83$54,889,524$5,141,906$1,877,503$40,349,913
84$60,383,757$5,289,362$1,835,902$44,290,406
85$66,435,111$5,440,751$1,789,615$48,629,174
86$73,100,308$5,596,163$1,738,382$53,406,790
87$80,441,852$5,755,688$1,681,931$58,667,965
88$88,528,621$5,919,417$1,619,976$64,461,973
89$97,436,514$6,087,442$1,552,219$70,843,113
90$107,249,169$6,259,857$1,478,348$77,871,223
91$118,058,749$6,436,755$1,398,038$85,612,247
92$129,966,817$6,618,231$1,310,948$94,138,856
93$143,085,288$6,804,381$1,216,721$103,531,135
94$157,537,493$6,995,301$1,114,986$113,877,337
95$173,459,334$7,191,087$1,005,355$125,274,721
96$191,000,573$7,391,837$887,421$137,830,466
97$210,326,242$7,597,648$760,760$151,662,686
98$231,618,203$7,808,617$624,930$166,901,546
99$255,076,863$8,024,842$479,469$183,690,486
100$280,923,064$8,246,421$323,892$202,187,584