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%16.8%
1 years$135,430$134,223$133,046$131,898$130,776$127,150
2 years$67,044$65,796$64,586$63,412$62,274$58,649
3 years$44,252$42,998$41,791$40,629$39,509$35,997
4 years$32,858$31,608$30,413$29,271$28,178$24,807
5 years$26,024$24,781$23,602$22,483$21,421$18,199
6 years$21,469$20,236$19,074$17,980$16,950$13,880
7 years$18,217$16,994$15,850$14,782$13,784$10,868
8 years$15,779$14,567$13,442$12,400$11,436$8,670
9 years$13,884$12,683$11,578$10,562$9,630$7,014
10 years$12,368$11,180$10,094$9,105$8,206$5,734
11 years$11,129$9,953$8,887$7,924$7,057$4,727
12 years$10,098$8,933$7,887$6,950$6,116$3,922
13 years$9,225$8,073$7,046$6,136$5,333$3,272
14 years$8,478$7,338$6,331$5,447$4,675$2,741
15 years$7,831$6,703$5,716$4,858$4,116$2,304
16 years$7,266$6,150$5,182$4,350$3,638$1,942
17 years$6,767$5,664$4,716$3,908$3,225$1,642
18 years$6,325$5,234$4,305$3,522$2,868$1,390
19 years$5,929$4,851$3,941$3,182$2,556$1,179
20 years$5,574$4,507$3,617$2,882$2,283$1,002
21 years$5,253$4,199$3,327$2,616$2,043$852
22 years$4,961$3,919$3,066$2,378$1,832$725
23 years$4,695$3,666$2,831$2,166$1,644$618
24 years$4,452$3,434$2,618$1,976$1,478$527
25 years$4,228$3,223$2,425$1,804$1,330$449
26 years$4,022$3,029$2,249$1,650$1,198$384
27 years$3,832$2,851$2,088$1,510$1,080$328
28 years$3,655$2,686$1,941$1,383$974$280
29 years$3,491$2,534$1,807$1,269$880$239
30 years$3,338$2,393$1,683$1,164$795$204
31 years$3,196$2,262$1,569$1,069$719$175
32 years$3,062$2,141$1,464$983$650$149
33 years$2,937$2,027$1,367$904$588$128
34 years$2,819$1,921$1,277$831$533$109
35 years$2,709$1,822$1,194$765$483$94
36 years$2,605$1,730$1,117$705$437$80
37 years$2,506$1,643$1,045$650$396$68
38 years$2,413$1,561$979$599$359$59
39 years$2,325$1,485$917$552$326$50
40 years$2,242$1,412$860$509$295$43
41 years$2,163$1,345$806$470$268$37
42 years$2,088$1,281$756$434$243$31
43 years$2,017$1,220$710$400$221$27
44 years$1,949$1,163$666$370$200$23
45 years$1,884$1,109$625$341$182$20
46 years$1,822$1,058$587$315$165$17
47 years$1,763$1,010$552$291$150$14
48 years$1,707$964$519$269$136$12
49 years$1,653$920$487$249$124$11
50 years$1,601$879$458$230$112$9

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 $4,248 every year, while hoping to spend $38,029 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: 77/6/17 Blend
44$1,640,000$1,640,000$1,640,000$1,640,000
45$1,811,662$1,724,742$1,699,322$1,944,003
46$1,955,989$1,768,792$1,715,787$2,076,045
47$2,113,762$1,813,725$1,731,528$2,215,627
48$2,286,314$1,859,546$1,746,483$2,367,670
49$2,475,110$1,906,256$1,760,582$2,533,407
50$2,681,765$1,953,855$1,773,754$2,714,193
51$2,908,055$2,002,345$1,785,925$2,911,526
52$3,155,939$2,051,721$1,797,016$3,127,051
53$3,427,571$2,101,982$1,806,942$3,362,583
54$3,725,326$2,153,122$1,815,618$3,620,122
55$4,051,819$2,205,135$1,822,951$3,901,868
56$4,409,929$2,258,011$1,828,844$4,210,249
57$4,802,829$2,311,740$1,833,197$4,547,938
58$5,234,011$2,366,309$1,835,903$4,917,880
59$5,707,325$2,421,703$1,836,850$5,323,319
60$6,227,009$2,477,903$1,835,922$5,767,833
61$6,797,733$2,534,890$1,832,995$6,255,359
62$7,424,642$2,592,640$1,827,940$6,790,240
63$8,113,402$2,651,125$1,820,622$7,377,258
64$8,870,255$2,710,318$1,810,900$8,021,684
65$9,702,081$2,770,183$1,798,625$8,729,327
66$10,616,455$2,830,683$1,783,640$9,506,586
67$11,621,725$2,891,779$1,765,784$10,360,512
68$12,727,089$2,953,423$1,744,885$11,298,878
69$13,942,677$3,015,566$1,720,764$12,330,247
70$15,279,655$3,078,154$1,693,234$13,464,055
71$16,750,321$3,141,125$1,662,099$14,710,701
72$18,368,227$3,204,414$1,627,153$16,081,645
73$20,148,306$3,267,949$1,588,182$17,589,513
74$22,107,008$3,331,653$1,544,961$19,248,222
75$24,262,459$3,395,441$1,497,254$21,073,107
76$26,634,634$3,459,222$1,444,816$23,081,067
77$29,245,539$3,522,896$1,387,390$25,290,724
78$32,119,423$3,586,356$1,324,706$27,722,601
79$35,283,004$3,649,488$1,256,484$30,399,313
80$38,765,724$3,712,166$1,182,429$33,345,783
81$42,600,022$3,774,257$1,102,235$36,589,476
82$46,821,645$3,835,616$1,015,581$40,160,658
83$51,469,981$3,896,089$922,130$44,092,683
84$56,588,431$3,955,510$821,534$48,422,309
85$62,224,822$4,013,701$713,427$53,190,042
86$68,431,852$4,070,471$597,425$58,440,520
87$75,267,593$4,125,615$473,130$64,222,936
88$82,796,033$4,178,916$340,126$70,591,502
89$91,087,685$4,230,140$197,977$77,605,958
90$100,220,250$4,279,037$46,229$85,332,142
91$110,279,346$4,325,341$0$93,842,606
92$121,359,325$4,368,768$0$103,238,295
93$133,564,153$4,409,015$0$113,596,643
94$147,008,398$4,445,758$0$125,006,451
95$161,818,308$4,478,654$0$137,574,822
96$178,133,004$4,507,335$0$151,419,783
97$196,105,789$4,531,413$0$166,671,394
98$215,905,599$4,550,473$0$183,472,976
99$237,718,596$4,564,072$0$201,982,466
100$261,749,924$4,571,742$0$222,373,908