Can I retire at age 45 with 1,640,000?

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 $1,640,000?

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$135,430$134,223$133,046$131,898$130,776$129,195
2 years$67,044$65,796$64,586$63,412$62,274$60,684
3 years$44,252$42,998$41,791$40,629$39,509$37,958
4 years$32,858$31,608$30,413$29,271$28,178$26,678
5 years$26,024$24,781$23,602$22,483$21,421$19,976
6 years$21,469$20,236$19,074$17,980$16,950$15,562
7 years$18,217$16,994$15,850$14,782$13,784$12,455
8 years$15,779$14,567$13,442$12,400$11,436$10,164
9 years$13,884$12,683$11,578$10,562$9,630$8,416
10 years$12,368$11,180$10,094$9,105$8,206$7,048
11 years$11,129$9,953$8,887$7,924$7,057$5,955
12 years$10,098$8,933$7,887$6,950$6,116$5,068
13 years$9,225$8,073$7,046$6,136$5,333$4,338
14 years$8,478$7,338$6,331$5,447$4,675$3,731
15 years$7,831$6,703$5,716$4,858$4,116$3,223
16 years$7,266$6,150$5,182$4,350$3,638$2,793
17 years$6,767$5,664$4,716$3,908$3,225$2,427
18 years$6,325$5,234$4,305$3,522$2,868$2,115
19 years$5,929$4,851$3,941$3,182$2,556$1,846
20 years$5,574$4,507$3,617$2,882$2,283$1,615
21 years$5,253$4,199$3,327$2,616$2,043$1,415
22 years$4,961$3,919$3,066$2,378$1,832$1,241
23 years$4,695$3,666$2,831$2,166$1,644$1,090
24 years$4,452$3,434$2,618$1,976$1,478$958
25 years$4,228$3,223$2,425$1,804$1,330$843
26 years$4,022$3,029$2,249$1,650$1,198$743
27 years$3,832$2,851$2,088$1,510$1,080$654
28 years$3,655$2,686$1,941$1,383$974$577
29 years$3,491$2,534$1,807$1,269$880$509
30 years$3,338$2,393$1,683$1,164$795$449
31 years$3,196$2,262$1,569$1,069$719$397
32 years$3,062$2,141$1,464$983$650$350
33 years$2,937$2,027$1,367$904$588$310
34 years$2,819$1,921$1,277$831$533$274
35 years$2,709$1,822$1,194$765$483$242
36 years$2,605$1,730$1,117$705$437$214
37 years$2,506$1,643$1,045$650$396$189
38 years$2,413$1,561$979$599$359$167
39 years$2,325$1,485$917$552$326$148
40 years$2,242$1,412$860$509$295$131
41 years$2,163$1,345$806$470$268$116
42 years$2,088$1,281$756$434$243$103
43 years$2,017$1,220$710$400$221$91
44 years$1,949$1,163$666$370$200$80
45 years$1,884$1,109$625$341$182$71
46 years$1,822$1,058$587$315$165$63
47 years$1,763$1,010$552$291$150$56
48 years$1,707$964$519$269$136$49
49 years$1,653$920$487$249$124$44
50 years$1,601$879$458$230$112$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,640,000, adding $2,928 every year, while hoping to spend $21,999 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: 56/35/9 Blend
44$1,640,000$1,640,000$1,640,000$1,640,000
45$1,810,300$1,723,380$1,697,960$1,907,614
46$1,971,544$1,784,419$1,731,435$2,034,687
47$2,148,498$1,847,712$1,765,294$2,170,333
48$2,342,740$1,913,345$1,799,527$2,317,544
49$2,556,010$1,981,410$1,834,122$2,477,426
50$2,790,225$2,052,000$1,869,067$2,651,195
51$3,047,495$2,125,215$1,904,347$2,840,188
52$3,330,145$2,201,157$1,939,949$3,045,877
53$3,640,738$2,279,931$1,975,855$3,269,881
54$3,982,095$2,361,650$2,012,048$3,513,979
55$4,357,325$2,446,428$2,048,509$3,780,132
56$4,769,855$2,534,385$2,085,216$4,070,495
57$5,223,456$2,625,646$2,122,147$4,387,441
58$5,722,289$2,720,343$2,159,279$4,733,582
59$6,270,932$2,818,609$2,196,585$5,111,793
60$6,874,433$2,920,588$2,234,037$5,525,236
61$7,538,354$3,026,425$2,271,605$5,977,395
62$8,268,820$3,136,274$2,309,258$6,472,104
63$9,072,583$3,250,294$2,346,961$7,013,585
64$9,957,080$3,368,652$2,384,678$7,606,487
65$10,930,508$3,491,522$2,422,371$8,255,925
66$12,001,896$3,619,083$2,459,996$8,967,537
67$13,181,195$3,751,523$2,497,511$9,747,526
68$14,479,368$3,889,039$2,534,869$10,602,728
69$15,908,496$4,031,834$2,572,020$11,540,667
70$17,481,890$4,180,122$2,608,910$12,569,631
71$19,214,218$4,334,123$2,645,484$13,698,749
72$21,121,643$4,494,070$2,681,682$14,938,075
73$23,221,974$4,660,202$2,717,442$16,298,680
74$25,534,835$4,832,772$2,752,696$17,792,763
75$28,081,851$5,012,041$2,787,374$19,433,757
76$30,886,850$5,198,281$2,821,402$21,236,461
77$33,976,090$5,391,778$2,854,699$23,217,177
78$37,378,503$5,592,827$2,887,184$25,393,860
79$41,125,974$5,801,739$2,918,768$27,786,293
80$45,253,635$6,018,836$2,949,358$30,416,266
81$49,800,201$6,244,454$2,978,857$33,307,785
82$54,808,333$6,478,944$3,007,160$36,487,299
83$60,325,043$6,722,672$3,034,160$39,983,941
84$66,402,134$6,976,020$3,059,742$43,829,811
85$73,096,693$7,239,386$3,083,784$48,060,274
86$80,471,626$7,513,186$3,106,161$52,714,290
87$88,596,252$7,797,853$3,126,738$57,834,786
88$97,546,961$8,093,838$3,145,374$63,469,055
89$107,407,929$8,401,615$3,161,923$69,669,205
90$118,271,919$8,721,674$3,176,228$76,492,647
91$130,241,149$9,054,531$3,188,126$84,002,636
92$143,428,264$9,400,721$3,197,446$92,268,869
93$157,957,394$9,760,803$3,204,007$101,368,138
94$173,965,327$10,135,362$3,207,621$111,385,054
95$191,602,803$10,525,007$3,208,089$122,412,847
96$211,035,931$10,930,374$3,205,202$134,554,242
97$232,447,762$11,352,129$3,198,742$147,922,426
98$256,040,014$11,790,963$3,188,480$162,642,117
99$282,034,977$12,247,602$3,174,176$178,850,738
100$310,677,611$12,722,800$3,155,577$196,699,715