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%13.1%
1 years$135,430$134,223$133,046$131,898$130,776$129,088
2 years$67,044$65,796$64,586$63,412$62,274$60,576
3 years$44,252$42,998$41,791$40,629$39,509$37,854
4 years$32,858$31,608$30,413$29,271$28,178$26,578
5 years$26,024$24,781$23,602$22,483$21,421$19,881
6 years$21,469$20,236$19,074$17,980$16,950$15,471
7 years$18,217$16,994$15,850$14,782$13,784$12,369
8 years$15,779$14,567$13,442$12,400$11,436$10,082
9 years$13,884$12,683$11,578$10,562$9,630$8,338
10 years$12,368$11,180$10,094$9,105$8,206$6,974
11 years$11,129$9,953$8,887$7,924$7,057$5,885
12 years$10,098$8,933$7,887$6,950$6,116$5,002
13 years$9,225$8,073$7,046$6,136$5,333$4,276
14 years$8,478$7,338$6,331$5,447$4,675$3,673
15 years$7,831$6,703$5,716$4,858$4,116$3,168
16 years$7,266$6,150$5,182$4,350$3,638$2,742
17 years$6,767$5,664$4,716$3,908$3,225$2,379
18 years$6,325$5,234$4,305$3,522$2,868$2,070
19 years$5,929$4,851$3,941$3,182$2,556$1,805
20 years$5,574$4,507$3,617$2,882$2,283$1,576
21 years$5,253$4,199$3,327$2,616$2,043$1,379
22 years$4,961$3,919$3,066$2,378$1,832$1,208
23 years$4,695$3,666$2,831$2,166$1,644$1,059
24 years$4,452$3,434$2,618$1,976$1,478$930
25 years$4,228$3,223$2,425$1,804$1,330$817
26 years$4,022$3,029$2,249$1,650$1,198$718
27 years$3,832$2,851$2,088$1,510$1,080$632
28 years$3,655$2,686$1,941$1,383$974$556
29 years$3,491$2,534$1,807$1,269$880$490
30 years$3,338$2,393$1,683$1,164$795$432
31 years$3,196$2,262$1,569$1,069$719$381
32 years$3,062$2,141$1,464$983$650$336
33 years$2,937$2,027$1,367$904$588$296
34 years$2,819$1,921$1,277$831$533$261
35 years$2,709$1,822$1,194$765$483$231
36 years$2,605$1,730$1,117$705$437$204
37 years$2,506$1,643$1,045$650$396$180
38 years$2,413$1,561$979$599$359$159
39 years$2,325$1,485$917$552$326$140
40 years$2,242$1,412$860$509$295$124
41 years$2,163$1,345$806$470$268$109
42 years$2,088$1,281$756$434$243$97
43 years$2,017$1,220$710$400$221$85
44 years$1,949$1,163$666$370$200$75
45 years$1,884$1,109$625$341$182$67
46 years$1,822$1,058$587$315$165$59
47 years$1,763$1,010$552$291$150$52
48 years$1,707$964$519$269$136$46
49 years$1,653$920$487$249$124$41
50 years$1,601$879$458$230$112$36

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 $4,957 every year, while hoping to spend $39,745 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: 29/49/22 Blend
44$1,640,000$1,640,000$1,640,000$1,640,000
45$1,812,393$1,725,473$1,700,053$1,852,344
46$1,954,969$1,767,733$1,714,717$1,925,854
47$2,110,755$1,810,731$1,728,539$2,000,966
48$2,281,058$1,854,463$1,741,451$2,080,889
49$2,467,314$1,898,920$1,753,377$2,166,063
50$2,671,106$1,944,093$1,764,242$2,256,969
51$2,894,177$1,989,972$1,773,962$2,354,142
52$3,138,446$2,036,543$1,782,452$2,458,169
53$3,406,025$2,083,792$1,789,623$2,569,697
54$3,699,243$2,131,700$1,795,378$2,689,438
55$4,020,662$2,180,250$1,799,619$2,818,180
56$4,373,104$2,229,417$1,802,241$2,956,790
57$4,759,679$2,279,177$1,803,135$3,106,222
58$5,183,811$2,329,501$1,802,185$3,267,532
59$5,649,272$2,380,359$1,799,270$3,441,880
60$6,160,216$2,431,715$1,794,264$3,630,549
61$6,721,220$2,483,531$1,787,034$3,834,950
62$7,337,326$2,535,765$1,777,440$4,056,642
63$8,014,086$2,588,370$1,765,338$4,297,342
64$8,757,619$2,641,296$1,750,573$4,558,945
65$9,574,664$2,694,488$1,732,985$4,843,541
66$10,472,647$2,747,885$1,712,407$5,153,432
67$11,459,746$2,801,421$1,688,662$5,491,160
68$12,544,975$2,855,026$1,661,567$5,859,526
69$13,738,262$2,908,622$1,630,929$6,261,620
70$15,050,546$2,962,125$1,596,547$6,700,849
71$16,493,879$3,015,446$1,558,208$7,180,971
72$18,081,539$3,068,487$1,515,692$7,706,128
73$19,828,157$3,121,144$1,468,769$8,280,892
74$21,749,853$3,173,304$1,417,196$8,910,299
75$23,864,386$3,224,845$1,360,721$9,599,907
76$26,191,328$3,275,637$1,299,080$10,355,843
77$28,752,241$3,325,540$1,231,996$11,184,863
78$31,570,882$3,374,404$1,159,181$12,094,418
79$34,673,432$3,422,069$1,080,333$13,092,722
80$38,088,734$3,468,363$995,136$14,188,835
81$41,848,573$3,513,101$903,262$15,392,744
82$45,987,972$3,556,087$804,365$16,715,462
83$50,545,521$3,597,112$698,087$18,169,135
84$55,563,744$3,635,950$584,053$19,767,149
85$61,089,496$3,672,362$461,869$21,524,268
86$67,174,410$3,706,093$331,127$23,456,769
87$73,875,380$3,736,871$191,400$25,582,596
88$81,255,098$3,764,407$42,241$27,921,535
89$89,382,646$3,788,392$0$30,495,399
90$98,334,150$3,808,496$0$33,355,688
91$108,193,493$3,824,372$0$36,513,829
92$119,053,110$3,835,648$0$39,989,246
93$131,014,861$3,841,928$0$43,814,288
94$144,190,988$3,842,793$0$48,024,607
95$158,705,177$3,837,798$0$52,659,502
96$174,693,724$3,826,470$0$57,762,285
97$192,306,823$3,808,306$0$63,380,698
98$211,709,980$3,782,774$0$69,567,357
99$233,085,576$3,749,308$0$76,380,256
100$256,634,591$3,707,310$0$83,883,316