Can I retire at age 45 with 1,690,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$139,559$138,316$137,103$135,919$134,763$130,711
2 years$69,088$67,802$66,555$65,346$64,173$60,125
3 years$45,601$44,309$43,065$41,868$40,714$36,796
4 years$33,860$32,572$31,341$30,163$29,037$25,281
5 years$26,817$25,537$24,322$23,168$22,074$18,488
6 years$22,124$20,853$19,655$18,528$17,466$14,055
7 years$18,772$17,512$16,334$15,233$14,205$10,967
8 years$16,260$15,011$13,852$12,778$11,784$8,719
9 years$14,307$13,070$11,931$10,884$9,924$7,027
10 years$12,745$11,520$10,402$9,382$8,456$5,724
11 years$11,469$10,256$9,157$8,166$7,272$4,700
12 years$10,405$9,205$8,127$7,162$6,302$3,884
13 years$9,507$8,319$7,261$6,323$5,495$3,227
14 years$8,737$7,562$6,524$5,613$4,817$2,692
15 years$8,070$6,908$5,890$5,006$4,241$2,254
16 years$7,487$6,338$5,340$4,482$3,749$1,892
17 years$6,974$5,837$4,860$4,027$3,324$1,592
18 years$6,518$5,393$4,436$3,629$2,955$1,342
19 years$6,110$4,999$4,061$3,279$2,634$1,133
20 years$5,744$4,645$3,727$2,970$2,353$958
21 years$5,413$4,327$3,428$2,696$2,106$811
22 years$5,112$4,039$3,160$2,451$1,887$687
23 years$4,838$3,777$2,917$2,232$1,694$583
24 years$4,587$3,539$2,698$2,036$1,523$495
25 years$4,357$3,321$2,499$1,859$1,370$420
26 years$4,145$3,121$2,318$1,700$1,234$357
27 years$3,949$2,938$2,152$1,556$1,113$303
28 years$3,767$2,768$2,001$1,426$1,004$258
29 years$3,598$2,611$1,862$1,307$907$219
30 years$3,440$2,466$1,734$1,200$819$186
31 years$3,293$2,331$1,617$1,102$741$159
32 years$3,156$2,206$1,508$1,013$670$135
33 years$3,027$2,089$1,408$931$606$115
34 years$2,905$1,980$1,316$857$549$98
35 years$2,791$1,878$1,230$789$497$83
36 years$2,684$1,782$1,151$726$451$71
37 years$2,583$1,693$1,077$669$408$60
38 years$2,487$1,609$1,009$617$370$51
39 years$2,396$1,530$945$569$336$44
40 years$2,310$1,456$886$525$304$37
41 years$2,229$1,386$831$484$276$32
42 years$2,152$1,320$779$447$251$27
43 years$2,078$1,257$731$412$227$23
44 years$2,008$1,198$686$381$206$20
45 years$1,941$1,143$644$352$187$17
46 years$1,878$1,090$605$325$170$14
47 years$1,817$1,040$569$300$155$12
48 years$1,759$993$534$277$140$10
49 years$1,703$948$502$256$127$9
50 years$1,650$906$472$237$116$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,690,000, adding $5,269 every year, while hoping to spend $24,315 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: 44/26/30 Blend
44$1,690,000$1,690,000$1,690,000$1,690,000
45$1,867,815$1,778,245$1,752,050$1,933,520
46$2,032,461$1,839,508$1,784,873$2,042,358
47$2,213,086$1,902,958$1,817,980$2,157,565
48$2,411,295$1,968,676$1,851,356$2,282,001
49$2,628,853$2,036,748$1,884,983$2,416,541
50$2,867,708$2,107,261$1,918,842$2,562,147
51$3,130,004$2,180,306$1,952,912$2,719,878
52$3,418,102$2,255,979$1,987,173$2,890,896
53$3,734,604$2,334,378$2,021,599$3,076,485
54$4,082,378$2,415,606$2,056,166$3,278,054
55$4,464,579$2,499,770$2,090,847$3,497,154
56$4,884,688$2,586,980$2,125,612$3,735,494
57$5,346,537$2,677,353$2,160,431$3,994,954
58$5,854,349$2,771,008$2,195,270$4,277,605
59$6,412,774$2,868,069$2,230,093$4,585,724
60$7,026,939$2,968,667$2,264,864$4,921,820
61$7,702,492$3,072,936$2,299,541$5,288,657
62$8,445,652$3,181,017$2,334,083$5,689,276
63$9,263,277$3,293,055$2,368,442$6,127,027
64$10,162,919$3,409,202$2,402,573$6,605,599
65$11,152,900$3,529,616$2,436,422$7,129,054
66$12,242,390$3,654,461$2,469,937$7,701,867
67$13,441,493$3,783,909$2,503,058$8,328,965
68$14,761,341$3,918,136$2,535,727$9,015,777
69$16,214,201$4,057,328$2,567,877$9,768,280
70$17,813,590$4,201,678$2,599,441$10,593,061
71$19,574,401$4,351,385$2,630,347$11,497,373
72$21,513,045$4,506,658$2,660,519$12,489,206
73$23,647,606$4,667,715$2,689,877$13,577,365
74$25,998,009$4,834,780$2,718,335$14,771,545
75$28,586,212$5,008,090$2,745,805$16,082,429
76$31,436,407$5,187,888$2,772,192$17,521,787
77$34,575,257$5,374,431$2,797,396$19,102,584
78$38,032,137$5,567,982$2,821,313$20,839,105
79$41,839,421$5,768,819$2,843,833$22,747,088
80$46,032,780$5,977,229$2,864,839$24,843,872
81$50,651,522$6,193,512$2,884,210$27,148,561
82$55,738,963$6,417,980$2,901,817$29,682,204
83$61,342,834$6,650,958$2,917,525$32,467,990
84$67,515,733$6,892,784$2,931,191$35,531,471
85$74,315,619$7,143,812$2,942,667$38,900,803
86$81,806,362$7,404,408$2,951,796$42,607,005
87$90,058,343$7,674,956$2,958,413$46,684,257
88$99,149,119$7,955,855$2,962,346$51,170,221
89$109,164,157$8,247,519$2,963,412$56,106,394
90$120,197,636$8,550,383$2,961,421$61,538,502
91$132,353,340$8,864,897$2,956,174$67,516,930
92$145,745,636$9,191,532$2,947,461$74,097,194
93$160,500,551$9,530,778$2,935,062$81,340,468
94$176,756,968$9,883,146$2,918,746$89,314,163
95$194,667,927$10,249,169$2,898,273$98,092,555
96$214,402,080$10,629,402$2,873,390$107,757,492
97$236,145,274$11,024,425$2,843,830$118,399,166
98$260,102,310$11,434,840$2,809,317$130,116,957
99$286,498,876$11,861,278$2,769,559$143,020,381
100$315,583,675$12,304,394$2,724,253$157,230,112