Can I retire at age 45 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$142,036$140,771$139,536$138,332$137,155$133,515
2 years$70,315$69,005$67,736$66,506$65,312$61,670
3 years$46,411$45,096$43,830$42,611$41,437$37,906
4 years$34,461$33,150$31,897$30,699$29,553$26,162
5 years$27,293$25,990$24,753$23,580$22,466$19,223
6 years$22,516$21,223$20,004$18,857$17,776$14,686
7 years$19,106$17,823$16,624$15,503$14,457$11,518
8 years$16,549$15,278$14,098$13,005$11,993$9,205
9 years$14,561$13,302$12,143$11,078$10,100$7,460
10 years$12,972$11,725$10,586$9,549$8,606$6,110
11 years$11,672$10,438$9,320$8,310$7,401$5,047
12 years$10,590$9,369$8,271$7,289$6,414$4,196
13 years$9,675$8,466$7,390$6,435$5,593$3,507
14 years$8,892$7,696$6,640$5,713$4,903$2,944
15 years$8,213$7,030$5,995$5,095$4,317$2,480
16 years$7,620$6,450$5,435$4,562$3,815$2,095
17 years$7,098$5,940$4,946$4,099$3,383$1,775
18 years$6,633$5,489$4,515$3,694$3,008$1,506
19 years$6,219$5,087$4,133$3,338$2,681$1,280
20 years$5,846$4,727$3,793$3,023$2,395$1,090
21 years$5,509$4,403$3,489$2,743$2,143$929
22 years$5,203$4,110$3,216$2,494$1,921$793
23 years$4,924$3,844$2,969$2,272$1,724$677
24 years$4,669$3,602$2,746$2,072$1,550$579
25 years$4,434$3,380$2,543$1,892$1,395$495
26 years$4,218$3,177$2,359$1,730$1,256$423
27 years$4,019$2,990$2,190$1,584$1,133$362
28 years$3,834$2,817$2,036$1,451$1,022$310
29 years$3,661$2,658$1,895$1,331$923$266
30 years$3,501$2,510$1,765$1,221$834$228
31 years$3,352$2,373$1,645$1,121$754$195
32 years$3,212$2,245$1,535$1,031$682$167
33 years$3,080$2,126$1,433$948$617$144
34 years$2,957$2,015$1,339$872$559$123
35 years$2,841$1,911$1,252$803$506$106
36 years$2,732$1,814$1,171$739$459$91
37 years$2,629$1,723$1,096$681$416$78
38 years$2,531$1,637$1,027$628$377$67
39 years$2,439$1,557$962$579$342$57
40 years$2,352$1,481$902$534$310$49
41 years$2,269$1,410$845$493$281$42
42 years$2,190$1,343$793$455$255$36
43 years$2,115$1,280$744$420$232$31
44 years$2,044$1,220$699$388$210$27
45 years$1,976$1,163$656$358$191$23
46 years$1,911$1,110$616$331$173$20
47 years$1,849$1,059$579$305$157$17
48 years$1,790$1,011$544$282$143$14
49 years$1,733$965$511$261$130$12
50 years$1,679$922$481$241$118$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,720,000, adding $5,302 every year, while hoping to spend $21,782 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: 52/42/6 Blend
44$1,720,000$1,720,000$1,720,000$1,720,000
45$1,900,909$1,809,749$1,783,089$1,996,792
46$2,071,626$1,875,251$1,819,647$2,127,912
47$2,259,026$1,943,232$1,856,699$2,267,603
48$2,464,787$2,013,792$1,894,239$2,418,985
49$2,690,760$2,087,032$1,932,261$2,583,161
50$2,938,981$2,163,059$1,970,754$2,761,345
51$3,211,693$2,241,986$2,009,711$2,954,872
52$3,511,370$2,323,927$2,049,121$3,165,209
53$3,840,735$2,409,004$2,088,971$3,393,969
54$4,202,787$2,497,343$2,129,249$3,642,926
55$4,600,834$2,589,075$2,169,941$3,914,032
56$5,038,516$2,684,337$2,211,031$4,209,432
57$5,519,846$2,783,271$2,252,502$4,531,489
58$6,049,245$2,886,026$2,294,336$4,882,799
59$6,631,583$2,992,757$2,336,511$5,266,221
60$7,272,227$3,103,624$2,379,007$5,684,900
61$7,977,090$3,218,798$2,421,800$6,142,297
62$8,752,687$3,338,452$2,464,864$6,642,220
63$9,606,195$3,462,771$2,508,171$7,188,863
64$10,545,525$3,591,944$2,551,692$7,786,840
65$11,579,390$3,726,171$2,595,395$8,441,230
66$12,717,393$3,865,659$2,639,247$9,157,626
67$13,970,115$4,010,624$2,683,210$9,942,184
68$15,349,215$4,161,293$2,727,245$10,801,681
69$16,867,539$4,317,900$2,771,311$11,743,581
70$18,539,241$4,480,691$2,815,364$12,776,100
71$20,379,921$4,649,921$2,859,356$13,908,287
72$22,406,764$4,825,859$2,903,236$15,150,105
73$24,638,711$5,008,783$2,946,951$16,512,527
74$27,096,630$5,198,984$2,990,444$18,007,635
75$29,803,516$5,396,764$3,033,654$19,648,739
76$32,784,711$5,602,441$3,076,517$21,450,493
77$36,068,136$5,816,345$3,118,965$23,429,041
78$39,684,561$6,038,822$3,160,926$25,602,163
79$43,667,892$6,270,230$3,202,322$27,989,440
80$48,055,491$6,510,945$3,243,074$30,612,445
81$52,888,530$6,761,360$3,283,096$33,494,938
82$58,212,377$7,021,884$3,322,297$36,663,091
83$64,077,027$7,292,944$3,360,581$40,145,736
84$70,537,571$7,574,985$3,397,848$43,974,633
85$77,654,718$7,868,475$3,433,991$48,184,770
86$85,495,368$8,173,898$3,468,898$52,814,688
87$94,133,239$8,491,763$3,502,450$57,906,851
88$103,649,570$8,822,600$3,534,522$63,508,034
89$114,133,881$9,166,962$3,564,983$69,669,775
90$125,684,821$9,525,427$3,593,695$76,448,848
91$138,411,099$9,898,600$3,620,510$83,907,806
92$152,432,511$10,287,110$3,645,277$92,115,564
93$167,881,065$10,691,618$3,667,832$101,148,051
94$184,902,237$11,112,809$3,688,007$111,088,920
95$203,656,332$11,551,405$3,705,623$122,030,340
96$224,320,009$12,008,154$3,720,492$134,073,862
97$247,087,939$12,483,843$3,732,417$147,331,375
98$272,174,647$12,979,289$3,741,192$161,926,159
99$299,816,537$13,495,351$3,746,598$177,994,047
100$330,274,123$14,032,921$3,748,408$195,684,702