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%17.3%
1 years$133,778$132,586$131,424$130,289$129,181$125,347
2 years$66,227$64,993$63,798$62,639$61,515$57,684
3 years$43,713$42,474$41,282$40,133$39,028$35,320
4 years$32,458$31,223$30,042$28,914$27,835$24,278
5 years$25,707$24,479$23,314$22,209$21,160$17,764
6 years$21,207$19,989$18,841$17,760$16,743$13,512
7 years$17,995$16,787$15,657$14,602$13,616$10,550
8 years$15,586$14,389$13,279$12,249$11,296$8,392
9 years$13,714$12,528$11,437$10,434$9,513$6,768
10 years$12,217$11,043$9,971$8,994$8,106$5,516
11 years$10,994$9,831$8,778$7,827$6,971$4,532
12 years$9,974$8,824$7,790$6,866$6,041$3,748
13 years$9,113$7,974$6,960$6,061$5,268$3,116
14 years$8,375$7,248$6,254$5,381$4,618$2,601
15 years$7,736$6,622$5,646$4,798$4,066$2,179
16 years$7,177$6,075$5,119$4,297$3,593$1,831
17 years$6,685$5,595$4,658$3,860$3,186$1,541
18 years$6,248$5,170$4,252$3,479$2,833$1,300
19 years$5,857$4,791$3,893$3,144$2,525$1,099
20 years$5,506$4,452$3,573$2,847$2,255$930
21 years$5,189$4,147$3,286$2,584$2,018$788
22 years$4,900$3,871$3,029$2,349$1,809$668
23 years$4,638$3,621$2,797$2,140$1,624$567
24 years$4,397$3,392$2,586$1,951$1,460$481
25 years$4,177$3,184$2,395$1,782$1,314$409
26 years$3,973$2,992$2,222$1,630$1,183$348
27 years$3,785$2,816$2,063$1,492$1,067$296
28 years$3,611$2,653$1,918$1,367$963$252
29 years$3,449$2,503$1,785$1,253$869$214
30 years$3,298$2,364$1,662$1,150$785$182
31 years$3,157$2,235$1,550$1,056$710$155
32 years$3,025$2,115$1,446$971$642$132
33 years$2,901$2,003$1,350$893$581$113
34 years$2,785$1,898$1,261$821$526$96
35 years$2,676$1,800$1,179$756$477$82
36 years$2,573$1,709$1,103$696$432$70
37 years$2,476$1,623$1,033$642$391$59
38 years$2,384$1,542$967$591$355$51
39 years$2,297$1,467$906$545$322$43
40 years$2,215$1,395$849$503$292$37
41 years$2,137$1,328$796$464$265$31
42 years$2,062$1,265$747$428$240$27
43 years$1,992$1,205$701$395$218$23
44 years$1,925$1,149$658$365$198$19
45 years$1,861$1,095$618$337$180$17
46 years$1,800$1,045$580$311$163$14
47 years$1,742$997$545$288$148$12
48 years$1,686$952$512$266$135$10
49 years$1,633$909$481$246$122$9
50 years$1,582$868$453$227$111$7

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 $4,904 every year, while hoping to spend $26,852 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: 72/6/22 Blend
44$1,620,000$1,620,000$1,620,000$1,620,000
45$1,790,298$1,704,438$1,679,328$1,909,177
46$1,944,339$1,759,386$1,707,016$2,043,969
47$2,113,191$1,816,125$1,734,730$2,187,891
48$2,298,338$1,874,717$1,762,445$2,344,861
49$2,501,412$1,935,222$1,790,131$2,516,171
50$2,724,212$1,997,704$1,817,757$2,703,246
51$2,968,719$2,062,229$1,845,289$2,907,655
52$3,237,115$2,128,864$1,872,692$3,131,123
53$3,531,803$2,197,681$1,899,930$3,375,556
54$3,855,431$2,268,751$1,926,962$3,643,048
55$4,210,916$2,342,151$1,953,746$3,935,910
56$4,601,470$2,417,957$1,980,237$4,256,686
57$5,030,634$2,496,251$2,006,389$4,608,178
58$5,502,306$2,577,115$2,032,151$4,993,475
59$6,020,784$2,660,636$2,057,470$5,415,979
60$6,590,799$2,746,903$2,082,291$5,879,438
61$7,217,567$2,836,007$2,106,553$6,387,982
62$7,906,832$2,928,044$2,130,196$6,946,160
63$8,664,923$3,023,113$2,153,152$7,558,988
64$9,498,815$3,121,316$2,175,353$8,231,987
65$10,416,192$3,222,758$2,196,725$8,971,246
66$11,425,518$3,327,548$2,217,190$9,783,471
67$12,536,123$3,435,799$2,236,667$10,676,051
68$13,758,283$3,547,628$2,255,071$11,657,129
69$15,103,322$3,663,157$2,272,310$12,735,677
70$16,583,719$3,782,510$2,288,291$13,921,583
71$18,213,222$3,905,816$2,302,912$15,225,740
72$20,006,980$4,033,211$2,316,069$16,660,153
73$21,981,686$4,164,832$2,327,652$18,238,050
74$24,155,733$4,300,824$2,337,543$19,974,008
75$26,549,388$4,441,334$2,345,620$21,884,089
76$29,184,983$4,586,517$2,351,756$23,985,994
77$32,087,127$4,736,532$2,355,816$26,299,227
78$35,282,936$4,891,544$2,357,658$28,845,282
79$38,802,289$5,051,724$2,357,133$31,647,844
80$42,678,113$5,217,248$2,354,087$34,733,012
81$46,946,686$5,388,299$2,348,355$38,129,549
82$51,647,990$5,565,068$2,339,767$41,869,147
83$56,826,078$5,747,749$2,328,142$45,986,734
84$62,529,495$5,936,546$2,313,292$50,520,798
85$68,811,737$6,131,670$2,295,020$55,513,751
86$75,731,751$6,333,339$2,273,120$61,012,333
87$83,354,494$6,541,777$2,247,375$67,068,048
88$91,751,548$6,757,219$2,217,557$73,737,656
89$101,001,790$6,979,907$2,183,429$81,083,702
90$111,192,142$7,210,092$2,144,743$89,175,112
91$122,418,387$7,448,033$2,101,239$98,087,843
92$134,786,075$7,694,000$2,052,643$107,905,598
93$148,411,519$7,948,270$1,998,672$118,720,617
94$163,422,893$8,211,134$1,939,026$130,634,548
95$179,961,439$8,482,891$1,873,394$143,759,408
96$198,182,803$8,763,849$1,801,450$158,218,637
97$218,258,503$9,054,332$1,722,852$174,148,268
98$240,377,547$9,354,671$1,637,245$191,698,208
99$264,748,220$9,665,213$1,544,255$211,033,655
100$291,600,044$9,986,314$1,443,494$232,336,656